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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.
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.
Have you ever been approached for a "business opportunity" that promises you'll earn a ton of money from your home? This is a subtle warning that someone may be attempting to recruit you as part ...
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)
Born in Providence, Rhode Island, Lapre moved to Phoenix, Arizona, with his family when he was a child.He married Sally Redondo in 1988. [3] A high-school dropout, [4] Lapre, together with his wife, started a credit repair business called Unknown Concepts in 1990.
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This organization, established in 1972, once had a million members. It was a cause of the enactment of Japan's law prohibiting pyramid schemes. In 1986, the Dai-ichi Sōgo Keizai Kenkyūsho declared bankruptcy, leaving debts amounting to 189,600,000,000 yen. [32] It has been called "the biggest pyramid scheme in history." [33]