Anonymous

Is pyramid schemes(not the Panzi’s schemes) illegal or not? Also, what about the network marketing?

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  • 3 months ago

    Network marketing is just another term for pyramid schemes. Pyramid schemes work for the people that get in at the start. The people that get talked into joining later are just victims.

    As for the legality of pyramid schemes, there are no world-wide laws.

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  • zipper
    Lv 6
    4 months ago

    The Pyramid and Panizi Schemes are pretty much the same thing. There to ripe you off! So they are both illegal and stupid to get involved in! But then fools are a dime a dozen.

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  • F
    Lv 6
    4 months ago

    Most of the world economy is in effect a pyramid scheme. Take the stock market, pensions and housing market. They all rely on more and more people joining at the bottom of the scheme to make money for those already in it. This is one reason, governments do nothing about population control.

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  • 4 months ago

    ....................

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  • 4 months ago

    No I don’t think so

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  • 4 months ago

    The difference between a legal multi-level marketing company and a pyramid scheme:

    Legal (MLM) has to sell 50% of it's goods or services to people outside the organization. Many just barely make it selling as little as 50.1% to outsiders.

    Illegal (pyramid) sells more than 50% of it's goods or services to individuals who are members of the pyramid.

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  • Anonymous
    4 months ago

    Laws vary around the world but typically pyramid schemes are illegal.

    • Over inflated books have been the norm, when they can't collect they attempt to write it off as a loss. How ift shows up in tax codes should be interesting.

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  • Anonymous
    4 months ago

    almost all networks marketing= pyramid schemes. Bottom line is most people LOSE MONEY.

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  • Anonymous
    4 months ago

    Any pyramid scheme has the potential to land one in jail or bankruptcy.

  • 4 months ago

    Depending on the authority of software, no. If programmed to defraud it is acceptable by government and vendor isn't responsible.

    Passing off fault through fabricated evidence is standard business conduct since there is no factual "paper trail". Only possible due to faulty federal employees.

    Don't buy it, don't trust it, and you cannot get your money back when stolen.

    Answer your question? Now attach things that blow up to the software, follow the logic.

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