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The unsustainable exponential progression of a classic pyramid scheme in which every member recruits six new people. To sustain the scheme, the 2.2 billion people in the 12th layer would be required to recruit 13.1 billion more people for the 13th layer, even though there are not nearly enough people in the world to achieve that.
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Many affinity scams involve Ponzi schemes or pyramid schemes, where newly received investor money is used by the fraudster to make payments to earlier investors to give the illusion that the investment is successful. This ploy is used to trick new investors to invest in the scheme and to lull existing investors into believing their investments ...
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.
Aman Futures was reported as a pyramid scheme in 2012 by the National Bureau of Investigation of the Philippines that duped some 15,000 people in Mindanao and the Visayas of P12 billion (US$295,000,000 est.). [4]
An American woman who previously posed as heiress to a fortune faces extradition to Northern Ireland to face charges in connection with alleged schemes in which she is accused of duping investors ...
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 ...
Albania experienced a rise in gangs and the drug trade following the economic collapse during the 1990s, caused by the pyramid schemes in 1997. The economy's reliance on drug trade and smuggling has led the country to be declared as Europe's only narco-state. [17] [18]