Pay money now to get more money later — Nigerian Prince
Gregor MacGregor — Poyais — NFT
Pump and Dump
Raise the valuation up, sell at peak.
Also known as Affiliation scams.
By Charles Ponzi, double your money in 3 month. But he uses new investors’s money to pay old investors.
Examples: Bernie Madoff, promised to get you 15% profit.
You get pay if you get two more persons into this game. This relies on recuritment.
But Multi-level marketing is legal.
It is legal. You pay money for exchaning knowledge that will make you money. Testimonials from succesful customers. Sense of urgency.
Sell a future to you with everyone’s desire to get better at something. It is legal but...