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Q: Why are pyramid schemes fraudulent?
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Which is a recommendation of the my pyramid plan?

Pyramid selling plans or ponzi schemes are illegal and fraudulent.


Cancer patients are especially vulnerable to fraudulent medical schemes?

True.


Why are pyramid schemes considered scams?

Pyramid schemes are considered scams because they lie about actually giving payments and benefits. They are considered illegal in numerous countries too.


Is Genneva Malaysia Sdn belonged to pyramid schemes company?

No


Are pyramid schemes against the law in america?

"Yes, pyramid schemes are highly against the law in America. If you are caught you could possibly spend time in prison and maybe even spend time in a penitentiary."


What were some get rich quick schemes of the 1920's?

The Ponzi Scheme/ Pyramid Scheme Created by Charles Ponzi


What is the fraudulent investment operation in which investors are paid from their own money or from the money paid by subsequent investors known as?

That's called a pyramid scheme.


What websites really work for free ipod touches?

None. At best, they are sites to harvest e-mail. At worst, phising sites or pyramid schemes.


How do you spell fraudulent?

Fraudulent


Are the adds on the websites that say you have won a item f you do this. Are they true?

Generally, these are pyramid schemes or other types of scams. Sometimes, they lead to sites that will infect your computer with viruses. Do not click on them.


Is multi level marketing the same as a pyramid scheme?

Multi-Level Marketing, while similar to a pyramid scheme, is not at all the same. The major difference stems from the fact that in Multi-Level Marketing, there is an actual product being sold, and that the benefits of sale reach multiple people. In a pyramid scheme, the goal is only to take money without providing a product or benefit. MLM (multi level marketing) should never be confused with "pyramid schemes". MLM is a legitimate business model using direct selling methods while a pyramid scheme creates no return on investment.


What does fraudulent mean?

Fraudulent means deceitful, or acting on fraud."A fraudulent scheme to escape paying taxes"Fraudulent means something that is faked. A lie.