It could also be argued that this was pyramid selling
: local liquidity was maintained by passing the problem on to the next time zone.
The large margin between production cost and consumer price (3 US cents to 45-65 US cents in 2000), and ever-extending networks of pyramid selling
, pushed the distribution down into every street and school.
"Everyone thinks it is an easy way t o make money by buying property and renting it out, but it is something like pyramid selling
- there are just far too many people on the merry-go-round."
Nearly two-thirds (64%) of the 11,000 interviewees had heard of pyramid selling
or chain letters, while 56% were aware of holiday-club cons.
The Sink offers a lively anecdotal guide to the laundry business and its related scams extending from cable piracy to internet casinos, pyramid selling
, telemarketing fraud, disguised loans, kickbacks, false end-user certificates to something called death-spiralling, a scheme devised to run a company's share price into the ground while hard selling the stock to 'mug' punters.
scams which result in thousands of women losing their savings are to be banned.
A LOTTERY boss sacked for roping staff into a pyramid selling
scam launched a bid for compensation yesterday.
can constitute pyramid selling
which is prohibited by Japanese legislation.
All offers of self employment should be limited to those that give rewards based on the sale of goods and services; and it should be illegal to provide direct sellers remuneration for participation in a scheme based solely on the introduction of other participants.Commission hearing.Dr Dieter Hoffmann of the DG Health and Consumer Protection chaired a two-day hearing in Brussels in mid-March on door to door selling, pyramid selling
and multi-level marketing.
Playing the role of a stranger in a strange land, Owen examines these enterprises and also provides first-person accounts of a Beatles memorabilia tour, a conference for Amway-like pyramid selling
networks, and a meeting in St.
Which sounded like pyramid selling
, so he ran a mile.