Which type of fraudulent offer depends upon the new investor recruiting more people to earn commissions?

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20-12-2022
Business

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Which type of fraudulent offer depends upon the new investor recruiting more people to earn commissions?

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charithran8975 charithran8975 · Answer 1 · 2022-12-22T13:09:15-05:00

A pyramid scheme is a dishonest way to make money that relies on enlisting a growing number of "investors."

A pyramid scam is an unethical and unreliable investment pitch that depends on guaranteeing irrational profits on fictitious investments. The fact that the early investors receive these substantial returns prompts them to endorse the programme to others. Returns to investors are paid from fresh capital coming in. When there are no more investors left, the pyramid eventually falls.

In one type of pyramid scheme, investors charge initiation fees to the investors below them, who then pay them. The higher layers of the pyramid receive a percentage of these fees as well. There is ultimately nobody left to recruit. The pyramid tumbles down.

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