pyramid scheme

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf fraudulent scheme
gptkbp:alsoKnownAs pyramid scam
gptkbp:characterizedBy recruitment of participants
gptkbp:dependsOn new recruits
gptkbp:example Airplane Game
Women Empowering Women
https://www.w3.org/2000/01/rdf-schema#label pyramid scheme
gptkbp:legalIn many countries
gptkbp:notToBeConfusedWith Ponzi scheme
gptkbp:originatedIn early 20th century
gptkbp:prohibits gptkb:Federal_Trade_Commission_(FTC)
U.S. Securities and Exchange Commission (SEC)
gptkbp:promise high returns
gptkbp:requires continuous recruitment
gptkbp:result financial loss for most participants
gptkbp:returnsPaidFrom funds from new participants
gptkbp:structure hierarchical
gptkbp:bfsParent gptkb:Ponzi_Scheme
gptkb:Ponzi_scheme
gptkbp:bfsLayer 7