Posts Tagged ‘Pyramid Schemes’
I've previously posted about the "University of Farmington," the fake college pyramid scheme sting operation that ICE set up in order to ****** and capture devious immigrants of various statuses who had the gall to, uhh … want to go to college.
Most of the coverage on this story originates comes from Niraj Warikoo at ...
For the last year, the Detroit Free Press has been reporting on the strange saga of the University of Farmington, a fake educational institution outside of Detroit. Homeland Security Investigations actually spent taxpayer dollars on an epic sting operation, renting out a building to create the appearance of a legitimate college campus staffed with ...
Asher Burke died in March after a helicopter he'd chartered to visit the Kenyan ranch he'd invested in as an "entrepreneur playground" crashed in high winds; his stateside obits called the 27-year-old deputy political director of the Republican Party of San Diego as an entrepreneur, the founder and CEO of Ads, Inc, "on a mission ...
Corinthian Colleges, Inc. was yet another for-profit university that ******* over hundreds of thousands of people with pyramid schemes that promised a higher education at the end of some labyrinthine maze. The company filed for bankruptcy in 2015, and the U.S. government ruled that any students with outstanding debts should have those debts cancelled.
That was ...
Pyramid schemes are illegal, but "multi-level marketing" schemes are not; the difference is supposedly that pyramid schemes don't really sell anything -- they just sell the right to recruit people who will recruit people who will recruit people, each paying up the pyramid to their "uplines" -- while MLMs supposedly actually sell stuff.
Except they don't. ...
Pyramid schemes are the perpetual motion machines of the business world. They seem like they just might work until you do the math. Don't be a sucker.
Read the rest
...
Pyramid scheme disguised as a business opportunity ...
Pyramid schemes seem to be the bane of multi level marketing (MLM). There is a terrible misconception about MLM that everyone who is not within the MLM circle refers to these opportunities as ...
Before you rush for the next work at home opportunity (like a pyramid scheme for example) that comes long, do consider a few issues. The confusion lies in differentiating between the true and the fake because there is no clear cut dividing line between the two. ...