3 ms·
>Classic pyramid scheme. It works great in poor countries since people aren't as educated Bingo! Schemes like these were popular in Eastern Europe after the fa
by ChuckNorris89 6y ago
>Classic pyramid scheme. It works great in poor countries since people aren't as educated
Bingo! Schemes like these were popular in Eastern Europe after the fall of the iron curtain where some people got rich and a lot were left holding the bags since most had no financial education but were poor and desperate enough to fall for get rich quick schemes as there were no laws against this sort of stuff during the transition phase to capitalism.
- f6v 6y agoI constantly get ads for these in vk. There's usually a guy wearing good suit, driving lambo in a company of stunning woman. "Wanna be in his place? Sign up for our exclusive course!"
- ChuckNorris89 6y agoBruh, I get the exact same type of ads in Austria on instagram from some German dude. These fake millionaire lifestyle gurus are everywhere.
- dgellow 6y agoIm in Germany, since the beginning of the pandemic more than half of my YouTube advertising is some sort of MLM or other very obvious scams! Everybody seems to be selling their fantastic courses and really want to share it with the rest of the world :)
- nannal 6y ago> these were popular in Eastern Europe Aside from Albania & the 1997 unrest, where else had these issues?
- ChuckNorris89 6y agoRomania
- Mediterraneo10 6y agoYes, the most infamous Romanian case was "Caritas" in 1992–94.[0] [0] https://en.wikipedia.org/wiki/Caritas_(Ponzi_scheme) https://en.wikipedia.org/wiki/Caritas_(Ponzi_scheme)
- ivanche 6y agoFormer Yugoslavia. Heck, we even had banks that offered monthly 10-15% interest on savings accounts in Deutsche Marks. Needless to say, the whole scheme collapsed after a year or so.