Yeah, apparently all ya need is a squirrelly idea that you call “The Secret”, some laced Kool-Aid, some hype, and a few blind followers…at almost $20K a pop, the money sounds great!
Keith
I’m hooked! Where do I sign?!?!?!
;D
this was popular back in the 80’s and early 90’s only thing different is that they called it pyramiding, now they call it Arbonne, Amway…insert any scheme…
It’s a Ponzi scheme pure and simple:
Ponzi Scheme
A fraudulent investing scam that promises high rates of return at little risk to investors. The scheme generates return by acquiring new investors.
Investopedia Commentary
The Ponzi scam is named after Charles Ponzi, a clerk in Boston, who first orchestrated such a scheme in 1919.
Although a Ponzi scheme is similar to a pyramid scheme in that both are based on new investors’ funds to pay the earlier backers, they differ in that the Ponzi mastermind signs up new investors, who are used to attract potential investors, rather than the hierarchical pyramid setup whereby all the investors do the recruiting. Eventually, there isn’t enough returns to go around and the schemes unravel.
Keith
wasn’t Ponzi on Happy Days? :o ;D
…must have been Charles’ son – the one with the motorcycle and the leather jacket.
Keith