Disguised Pyramid scams

One of the oldest tricks in the book of a scamster is either a Ponzi scheme or a Pyramid scheme. Both are illegal in most countries but the scamsters disguise them to avoid getting caught.

This video explains the difference between a Pyramid scam and a Multi-Level Marketing (MLM) scheme. MLM is legal as it is a direct marketing scheme. It also explains how to spot a pyramid scam that is disguised as a MLM scheme.

Beware, if you are paying to join any Multi-Level Marketing (MLM) scheme (like Q-NET or IM academy) so that you could buy products or recruit other members in the MLM then it is a Pyramid scheme disguised as MLM scheme.

Folks who recruit others in to a pyramid scheme on social media tend to say their favourite book is "Rich Dad, Poor Dad". Do not fall for this they are just priming you to believe in what they say.

The only way to earn money is through hard work in creating value either in the form of a product or as a service.