A product based pyramid scheme is the same concept disguised as a legitimate direct sales opportunity heres how it works heres how it works a distributor recruits 10 salespeople who each pay 500 for a starter kit of products to sell. A pyramid scheme mlm however will most likely sell a product with no independent value the product could take the form of reports of some kind for example or mailing lists. Dont confuse a pyramid scheme for a legitimate opportunity see the american dream denied how a ponzi scheme works duration 520 moneyandsociety 325557 views 520. Like most economic activity fraud occurs in cycles and new pyramid schemes exploited a new generation of consumers and entrepreneurs that had not witnessed the pyramid problems of the 1970s also the globalization of the economy provided a new outlet for pyramiding
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