In your opinion what is the biggest modern day business scam of all time?
- MarkLv 71 month agoBest Answer
Probably two that are vaguely similar. One is the "pyramid scheme" popularised by Charles Ponzi, in which case only the first few people make any money. The other is the "Nigerian prince scheme".
- WhoLv 71 month ago
Its basically a dressed up pyramid scheme with those at higher levels making money from those lower down
the higher the level you are the more money you make - while the actual graft is done by those at the bottom
- babyboomer1001Lv 71 month ago
The insane notion to impeach President Trump.
- GA41Lv 71 month ago
Bitcoin $8,315 price. No assets behind it to give it value. Does not produce a product. No country backing it as currency.
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- Casey YLv 71 month ago
Business scam is tough. I mean, Madoff was HUGE from a dollar perspective, but I'd argue the "American Dream."
The American Dream is, loosely, that everyone has the chance to earn a decent living and buy a home. Doesn't mean they'll all be rich and doesn't mean their house will be big. However, with booming populations, reductions in commerce, etc....we simply don't have as many jobs. Sure, we built the houses...but now tons are sitting empty since people cannot afford them.
The idea was, work at a factory, make a decent wage and live in your own home. Well, we don't physically make as much these days, its made where labor is cheaper. The people with marketable skills are still using them, but those without marketable skills are stuck waiting for a new plant to open in their small town.
The US is going to rapidly fall behind the rest of the world since our education system wasn't actually designed to teach kids...its day care so the parents can work in factories. Sure, teachers teach and do their best, but they are somewhat set up for failure. On the world stage, we all need much more education to compete...
- Anonymous1 month ago
The US Government.
- RichardLv 51 month ago
Maybe not in size the biggest, but certainly the one with the most ridiculous story: The Church of Scientology. It's a mix between a pyramid scheme and a cult, really.
- Anonymous1 month ago
The Pay Day Loan joints.