Submit a question to our community and get an answer from real people.
Submit

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?

Report as
newworldorder

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.

Helpful (1) Fun Thanks for voting Comments (1)
Report as
Okay, that makes sense. I kinda had some of that down, but that makes more sense. Thank you
Report as
Add a comment...

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

Helpful (1) Fun Thanks for voting Comments (0)
Report as
Add a comment...
Do you have an answer?
Answer this question...
Did you mean?
Login or Join the Community to answer
Popular Searches