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Run AWAY from them!

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bernieflow
@bernieflow
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Since the beggining of the civilization people start looking for easy ways to earn more money, and it doesn't really matter if it's truthfull or even real.

There're lots of places that offer you 5% a month, or even 100$ daily. Let me be straight, it's not possible, unfortunelly. And they keep offering you ways to earn easily, the "only thing you have to do is pay me 250$ in BTC and you're good to go!".

As one of my articles before said it.. don't be greedy!

Me and my friends have shut down a few here in my hometown, and the bad thing is they keep appearing. So I'll be listing down below the 10 most famous Pyramid Schemes!

  • Mary Kay consulting - I bet you've known this one as is still active..
  • Business in Motion - Investigators wondered how they could offer a commission higher than the actual cost of the product.
  • United Sciences of America - United Sciences of America preyed on the health risks of the time and promised to protect people who took their supplements from HIV and cancer. They even had a celebrity endorsement from William Shatner.
  • BurnLounge, Inc. - BurnLounge offered 30,000 people, including major label musicians, the option to open a storefront to sell songs through a website. Those who sold songs were paid in points that could be redeemed for BurnLounge products only.
  • USANA Health Sciences - As a multi-level marketing company, USANA only sells its products through distributors. While distributors can sell their products to anyone, they earn a much higher profit by recruiting other salespeople and getting a share of the revenue.
  • Fortune Hi-Tech Marketing - Recruited people to sell products, however, salespeople earned more money from recruiting than they did from selling.
  • Vemma - Offered greater rewards for recruiting new members than it did for selling product.
  • Nu Skin Enterprises - These distributors were designed to be rewarded for recruiting new distributors rather than selling products.
  • Herbalife - However, they did conclude most of the company’s sales leaders were earning as little as $5 a month and did warn that the company would need to prove that its business model is legitimate going forward.
  • OneCoin - deceiving about three million people and defrauding investors of around $5 billion in total. The founder of One Coin is the Bulgarian fraudster Ruzha Ignatova. The pyramid worked according to the classical Ponzi scheme, in which participants receive a reward for each new person invited.
  • BitConnect - Participants had to buy BCC tokens and lock them on a special platform, and the trading bot had to earn profit automatically. Members of the pyramid were promised 40% in profit per month. According to the organizers of BitConnect, from an initial investment of $1,000, investors could expect to withdraw $50 million in three years’ time.
  • PlusToken- promises of 10%–30% of return on investment per month. Around four million people became participants in the PlusToken ponzi scheme.

As you can see all of those famous Schemes promises huge returns, huge earning rates and all you have to do is put some money and invite others, then BOOM, you're rich.. watch out people, see these patterns, see the same speech don't fall for it!

Sources with more details:

https://www.gradschools.com/get-informed/student-guide/top-10-pyramid-schemes

https://cointelegraph.com/news/the-most-famous-financial-pyramids-in-the-crypto-world

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