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So what exactly is a pyramid scheme?

I hear about them and I think I get the basic idea of it, but what is it and how does it work?

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I tell you to give me $1 and I will let you use my company name. You tell 10 friends and they each give you $1 and out of that you have to give me 10 cents of every dollar for using my company name. Those 10 people find 10 people each and they all get $1 from them and then they each give you 10 cents out of every dollar and out of every dollar you make you give me 10 cents. It just keeps going and going and going. Nothing is ever actually sold, but I get filthy rich, and you get rich, a few other people (who can keep the pyramid growing) will also get rich, but most people just lose a dollar.

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Okay, that makes sense. I kinda had some of that down, but that makes more sense. Thank you
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I tell you to give me $10 and in a short amount of time I will give you more like $30 ... When u deposits Those money u will never see any money back even ur $10 they are gone ..
Easily explained ~ lol

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