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  1. #1
    Join Date
    Jan 2015
    Posts
    50

    What are some of the warning signs of a pyramid scheme?

    What are some of the warning signs of a pyramid scheme? How can we better protect ourselves?

  2. #2
    Join Date
    Jan 2015
    Posts
    25

    Re: What are some of the warning signs of a pyramid scheme?

    Here are some warning signs for pyramid schemes:
    • You are offered a chance to join a group, scheme, program or team where you need to recruit new members to make money.
    • The scheme involves offers of goods or services of little or doubtful value that serve only to promote the scheme (such as information sheets).
    • There is a big up-front cost to pay for large quantities of goods.
    • There are no goods or services being offered for sale by the scheme.
    • The promoter makes claims like ‘this is not a pyramid scheme’ or ‘this is totally legal’.

    Pyramid schemes often look like legitimate multi-level marketing schemes. To tell the difference between them, ask yourself these two questions:
    • Are the rewards you have been promised based on product sales (by either yourself or others you introduce to the scheme)?
    • Are the products genuine products of real value, at a reasonable price and the type of thing that consumers will want to buy time and time again?
    • If you are unsure or answered no to either of these questions, there is a real chance that the scheme is a pyramid scheme.
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