Do pyramid schemes make people rich?

In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same. read more

Pyramid schemes have cost many people their hard-earned savings. The concept behind them is simple; however, they're often presented to investors in a disguised form. For this reason, it is important to not only be familiar with how pyramid schemes work, but also with the different shapes and sizes they can take. read more

It's mathematically impossible for everyone to make money in a pyramid scheme. For example, if each recruit needs to find 10 more people to recoup the cost of his or her initial investment, the eighth level of the pyramid would have to recruit a billion people to make back their money. read more