How to spot a pyramid scheme - Stacie Bosley
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In 2004, a nutrition company offered a life-changing opportunity to earn a full-time income for part-time work. There were only two steps to get started: purchase a $500 kit and recruit two more members. By 2013, the company was making $200 million. There was just one problem -- the vast majority of members earned less than they paid in. Stacie Bosley explains what a pyramid scheme is and how to spot one.
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Pyramid scheme fraud can masquerade as a legitimate business or investment offer. It can also be presented as a harmless, or even a generous, activity such as a gifting club where you give a present, bottle of wine, or book and then recruit others to do the same. How can we better educate consumers to recognize the illegal “pay and recruit” structure of a pyramid scheme?
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Meet The Creators
- Educator Stacie Bosley
- Director Will Mackenzie, Kat Gusarova
- Narrator Bethany Cutmore-Scott
- Animator Will Mackenzie, Kat Gusarova
- Producer The Animation Workshop
- Music Matthew Reid
- Director of Production Gerta Xhelo
- Editorial Producer Alex Rosenthal
- Associate Producer Bethany Cutmore-Scott
- Associate Editorial Producer Elizabeth Cox
- Script Editor Alex Gendler
- Fact-Checker Francisco Diez
