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The pyramid scheme in the picture in contrast is a geometric progression 1 + 2 + 4 + 8 = 15. Many pyramids are more sophisticated than the simple model. These recognize that recruiting a large number of others into a scheme can be difficult, so a seemingly simpler model is used.
The "Captain" (blue) is paid when 8 "passengers" have arrived at the bottom of the pyramid. (Below the Captain are two "Co-Pilots", below them four "Crew".) The airplane game , also known as the plane game , is a style of pyramid scheme first recorded in the 1980s in North America and later Western Europe.
BurnLounge (shut down as pyramid scheme by FTC in 2012) Equinox International (dissolved in 2001) European Grouping of Marketing Professionals/CEDIPAC SA (dissolved in 1995) European Home Retail (dissolved in 2007) Fortune Hi-Tech Marketing (dissolved in 2013) FundAmerica (bankrupt in 1990) [25] Holiday Magic (dissolved in 1974)
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U-Vistract is a pyramid scheme created by Noah Musingku in Papua New Guinea (PNG) around 1999 as a means of providing a sovereign wealth source for an independent Bougainville. Eventually, it was established, and expelled, from Australia , PNG, Solomon Islands , but continues to exist in some form in the island Bougainville under the rule of ...
A Ponzi scheme claims to rely on some esoteric investment approach, and often attracts well-to-do investors, whereas pyramid schemes explicitly claim that new money will be the source of payout for the initial investments. [2] A pyramid scheme typically collapses much faster because it requires exponential increases in participants to sustain it.
It is a money-dividing scheme. The new member paid a net fee of 69,800 yuan, and then returned the new person 19,000 yuan, the remaining 50,800 yuan, will undergo layer-by-layer exploitation. The direct referee with a newcomer will be awarded 6612 yuan. On the upper line of the upper layer, as an indirect recommender, you can get 1520 yuan.
A team of engineers suggests a new theory on how Egypt’s first pyramid was built — a water elevator used to float heavy stones through the middle of the structure.