How People Get Duped By Pyramid Schemes

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Duped by pyramid scheme

Pyramid schemes come in many shapes and sizes, but all of them are illegal. Unfortunately, that doesn’t stop people from falling for the same sales pitches again and again. People have been getting ripped off and robbed for far too long. It’s time we shed light on the secrets behind the pyramid scheme sales pitch so you know what to watch out for.

Look At Me Now!

This is the sales pitch without a lot of words. It is where the schemer shows off the fancy car, house, jewelry, and clothes that he or she purchased using the money other people “invested.” They tell you how all of their wealth came from the return of their original investment…the one you just happen to be getting sold on. Don’t be fooled. If you invest in a Ponzi scheme or a pyramid scheme, the last place your money is going is back into your pocket. It will either be used to buy more toys for the schemer, or it will be used to calm a previous “investor” who is being too vocal about their lack of a return thus far.

Pay Once, Never Work Again

This one might look ridiculous while you read it, but for some reason it dupes people. Maybe it is that we have all been stuck in a job we hate. Maybe it is because we work so hard and for so many hours each week, and yet we are still just living paycheck to paycheck. Maybe it is because in spite of all of that, we still hold onto the hope of winning the lottery, or some other get rich quick scheme. The idea of “investing” in something and then being able to finally kick back and relax is usually what sells people. Unfortunately, that is all it is: an idea. The reality is that you will never get your money back from a pyramid or a Ponzi scheme.

The Results Speak For Themselves

No, no they don’t. Because the only actual results from Ponzi schemes and pyramid schemes are lost money and possibly jail time. People see a picture of a paycheck and think that the opportunity must be legit. But they forget that Photoshop exists and it is all too easy to add a few zeros to the line! When someone is trying to prove the legitimacy of their business by showing you a paycheck, the chances are most likely that they are desperate for a commission rather than tactfulness.

Act Now!

Ah, the classic “this is a once in a lifetime opportunity, but you have to sign up today” speech. It’s a good one. Putting urgency on a big decision such as, I don’t know, investing an entire paycheck on a business that is being investigated by the FTC, is smart when you have something to hide. The “act now” pitch works because it doesn’t allow the person to take the time to do their own investigation of the company and decide if that is really something they want to do.

There you have it! The most common pitches that scammers will use to get to you. Make sure to do your due diligence and check to see if the business you are thinking of working with or investing in is a legitimate opportunity. The easiest way to do that is to do an online search for the company name and look for scheme-related results. For example, you would type in Kyani scam and look for any links from the FTC or scam alert websites. If you do your homework, you won’t be duped!

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