How to spot a pyramid scheme – Stacie Bosley

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Learn the techniques and tricks that pyramid schemes use to recruit new members and how to avoid being fooled yourself.

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.

Lesson by Stacie Bosley, directed by Wooden Plane Productions.

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20 comments

  1. HaywireOfAlba 31 May, 2020 at 14:39 Reply

    My friend who is an ex-serviceman asked me to join to a pyramid scheme that sells cell phone service. My response was "Last time I fell for a scam like that, I ended up in Iraq for a year."

    They didn't like that.

  2. okcboi 31 May, 2020 at 14:39 Reply

    Y’all job is a pyramid scheme, who do you think makes it possible for the CEO to receive the money that he does?? That’s right the employees doing the heavy lifting under him.

  3. Paul Son 31 May, 2020 at 14:39 Reply

    But you can't be driving around in a BMW. You need to be driving a hybrid/ev car to make the money back.

    If you drive for 8 hrs, with 50mpg, you will earn around $130. Minus gas ($3).

    If you drive a Bmw, Honda accord v6, or any vehicle that doesn't get AT LEAST 31mpg+, you will be losing money.

  4. Paul Son 31 May, 2020 at 14:39 Reply

    I almost fell for one, and then I discovered UberEats lol

    But seriously. I actually make 6 figures a year working for Uber, and as a delivery driver for my restaurant. I have 0 financial troubles, and I'm never without any money

  5. Tyler Alexander Painter 31 May, 2020 at 14:39 Reply

    I had no clue what primerica was and was desperate for money when a man approached me in a store offering a type of work in sales. I met him at his office the next day. In hind sight, I’m guessing our whole conversation was a lie to get me to pay the $90 fee to get started. It sickens me to think I got that far before I realized what a scam it all was, and how this individual was preying on people a local grocery store hoping that someone desperate enough what take the bait. These schemes need to be stopped!!!

  6. FamilieVideos86 31 May, 2020 at 14:39 Reply

    Arbonne
    Advocare
    Mary Kay (3 times)
    Young Living
    Pampered Chef
    Herbalife
    Melaleuka (actually joined for a month)
    Itworks
    Amway
    World Ventures
    Javita Coffee
    PHP Agency (local to Dallas)
    Does Columbia House count?

    I'm 33 and these are all the pyramid schemes or mlms I've either been tricked into hearing their pitch, or heard them out to see what their new "job opportunity" was for me And I've ignored messages from people for a few years now, so the list would be longer if I responded. But maybe I should for fun?

  7. Patricia Diokno 31 May, 2020 at 14:39 Reply

    Anyone lookin’ at the comments like okay let’s see if any of the pyramid schemers decided to comment🤔 🤣🤧

  8. Patricia Diokno 31 May, 2020 at 14:39 Reply

    Someone reached out to me last week. I had no idea who the person was.

    Her: Hello! I just dropped by your account and i would like to ask if you are looking for a part time. Message me if you're interested. Thank You!

    Me: immediately looks at profile and, sure enough, it was a member of FRONTROW (if you know what i mean 😏😝)

    So I decided not to reply, and later on she asks me for the second time so I had no choice but to reply and then…

    Me: I am looking for a part time JOB, is there anything you can recommend?

    And then they replied with the sales pitch like “have you heard of multi-level marketing?” 🤣

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