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The unsustainable exponential progression of a classic pyramid scheme in which every member is required to recruit 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.
Elite Activity is the name used for several pyramid schemes typically targeting Christian churches and their congregations. Elite Activity solicited cash gifts of $100 to start, required participants to sign up two other people, required each of those two to sign up two more, and promised payouts of between $800 and $48,000.
The "chain" is an exponentially growing pyramid (a tree graph) that cannot be sustained indefinitely. Common methods used in chain letters include emotionally manipulative stories, get-rich-quick pyramid schemes , and the exploitation of superstition to threaten the recipient.
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)
AOL
Success University, founded in January 2005 by Matt Morris, is a privately held company based in Dallas, Texas. [1] It has also been identified as a pyramid scheme. [2] [3] [4] Success University does not employ any professors and does not have any premises; instead members are offered online courses on topics such as success in business, or physical wellbeing. [5]
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.
The concept of The Fortune at the Bottom of the Pyramid originally appeared as an article by C. K. Prahalad and Stuart L. Hart in the business journal Strategy+Business. [1] [2] The article was followed by a book with the same title that discusses new business models targeted at providing goods and services to the poorest people in the world.