3 ms·

Yep, every Ponzi scheme does this it seems.

• jandrese 9y ago
  That's practically the definition of a pyramid scheme.
  • kolpa 9y ago
    Ponzi not Pyramid. Pyramid means that each participant makes their money directly from their downline, in a self-similar way. And a Pyramid scheme can be totally honest, relying eyes-wide-open on the sigmoid curve for its initial success and eventually failure. A Ponzi scheme lies about the source of financial returns.
    • jandrese 9y ago
      They're being told to recruit people to "invest" so there is money in the fund that can be taken out before the inevitable crash. The returns they talk about are clearly just numbers they pulled out of their ass. Nobody should give those a second glance. It's all about getting more suckers in there and getting out before they realize they've been suckered.
• egeozcan 9y ago
  > every Ponzi scheme does this This is what a Ponzi scheme does, in other words, this is the definition of a Ponzi scheme.
  • deleted 9y ago
    [deleted]