Pyramid Schemes
When I was 18, I saw an ad that said something like “Make $500 a week selling a revolutionary product!”. The product was a package of “life-changing” nutritional supplements: pills, elixirs, powders, etc. The ad said to go to an address for a meeting on a certain evening. Out of curiosity, I went. The meeting was in a big room in a community center, rented for the occasion. First, there was a speech promoting the life-changing product and the potential for selling it. Then various people in the crowd stood up and gave testimonials about how the product had changed their lives: they were healthier, wealthier, having more sex, etc. Of course, it was a multi-level marketing scheme. To join, you had to buy a batch of the product, and then you were supposed to use it yourself, sell it to others, and recruit others to sell under you, in which case you would get a percentage of their sales. At the time, I had never heard of such schemes, but I was not fooled. I understood that it w...