I recently received a letter to try and get me into a pyramid scheme. It sounds like I have very little to lose but I'm not sure. Has anyone done a pyramid scheme that worked? This claims it is legal because you are buying a product (the letter) with the dollar you send. Does that make it legal, or is any form of a pyramid scheme illegal?
2006-10-25 10:20:54 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
pyramid schemes only work for so long. i was involved with one, (not the one you're talking about) but i never had the heart to sign up any of my friends. it takes a lot of cold heartedness to actually be sucessful in them, and you have to know a lot of people. strangers won't sign up because everyone knows in the end pyramid scams fall through.
2006-10-25 10:33:22 · answer #1 · answered by alcmena 4 · 0⤊ 0⤋
For it to be legal, the product you are buying must have monetary value.
If you can take that letter to the swap meet and sell it for a dollar, then yes. I dont think anyone is going to purchase a single sheet of paper for a dollar though, so that is by definition a pyramid scheme.
2006-10-25 10:32:38 · answer #2 · answered by ebaskys 3 · 0⤊ 0⤋
I don't have any information on this particular scheme, but I have 3 friends who want to try it out!
Every pyramid scheme is illegal.
2006-10-25 10:24:24 · answer #3 · answered by Rick W 5 · 0⤊ 0⤋
I believe all pyramid schemes are illegal. they may call it different things and eventually, the people on the bottom lose out.
2006-10-25 10:29:00 · answer #4 · answered by Mike M 3 · 0⤊ 0⤋