Modern pyramid schemes hide behind names like multi-level marketing and network marketing. How do they stay legal? By hiding behind a “product” or “service,” that is usually nothing more than overpriced junk. They’re not selling the product or service, they’re really selling the recruiting opportunity.
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About the Author
Tracy Coenen is a forensic accountant and fraud examiner who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
07 Oct 07 at 8:41 am
unfortunatly too few people relize this is a scam and just seem to get suckered into them