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The Rise of Pyramid Schemes - Solomon Times Online


The Rise of Pyramid Schemes
Such schemes prey on the vulnerable and poor, often times people we trust will be the ones that pull us into investing.
Source: thinktriangle.net
Wednesday, 30 June 2021 10:37 AM
Millions have been ‘invested’ in pyramid schemes in the country. The result? Court cases and endless squabbles.
“My father sold a piece of our land and put the money in one link, we have not seen any money returned, my father is now a very sick man and I feel sorry for him,” recounts a young man during a private conversation.
Pyramid schemes are popular because of its high return on ‘investment.’ But as more members are needed for promoters to pay out early ‘investors,’ at some point, there will not be enough people to sign up, leading to its inevitable collapse. ....

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