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Is pyramid scheme illegal

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is pyramid scheme illegal

It is understandable that consumers often have difficulty telling the difference between an illegal pyramid scheme and a legitimate multi-level marketing. I am led to believe a friend of mine (or former friend) is involved in a pyramid scheme. He is constantly stating how he is making so much money. Yet, both pyramid and Ponzi schemes are illegal because they inevitably must fall apart. No program can recruit new members forever.

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Is A Pyramid Scheme Illegal?

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