Can You Recognize a Pyramid Scheme Scam?

Pyramid schemes often look like good moneymakers at first glance, but you’re much more likely to lose money if you participate in one. Before you can avoid pyramid schemes, you need to understand what they are and how they work.
Pyramid schemes are a hierarchical moneymaking system where people at the top of the pyramid recruit underlings to do all of the hard work while the money funnels upward to those at the top. The people at the top can become wealthy, but those under them rarely make money at all. Continue reading Can You Recognize a Pyramid Scheme Scam?