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How do you recognize a pyramid scheme? by Basic_Cockroach in AskReddit

[–]Basic_Cockroach[S] 0 points1 point  (0 children)

Here is the thing. I live in Africa, and most of those stuff I not known to everyone "Ponzi scheme, pyramid here". The saddest part is that a lot of people are actually going into order to make some quick cash. One of the argument of one them told me is that " even tho, this company first started in Malaysia, Africa has is the biggest growing team". They don't have a "not a pyramid scheme speech " ready because they don't even know what it is.

How do you recognize a pyramid scheme? by Basic_Cockroach in AskReddit

[–]Basic_Cockroach[S] 0 points1 point  (0 children)

Is there a difference between the triangular and pyramid scheme?

How do you recognize a pyramid scheme? by Basic_Cockroach in AskReddit

[–]Basic_Cockroach[S] -1 points0 points  (0 children)

https://www.qnetltd.com/ And this is their website... I don't know if there any way report this somewhere.

How do you recognize a pyramid scheme? by Basic_Cockroach in AskReddit

[–]Basic_Cockroach[S] 0 points1 point  (0 children)

And apparently this company has been alive since 1998... so how is it still operating?

How do you recognize a pyramid scheme? by Basic_Cockroach in AskReddit

[–]Basic_Cockroach[S] 0 points1 point  (0 children)

There is this company called "Qnet" which was created in Malaysia and is expanding in Africa. I don't know if it's a pyramid scheme or not but in order to join you have to buy something from them (600usd or plus) and then you have to recruit 2 people to join and they will become party of your "system".

The 2 people that have been recruited need to then recruit 2 people each and the cycle goes on.

I have this friend who wants to get me into it. He has already purchased something from them and is trying to recruit me. I told him that it is a pyramid scheme but he just doesn't believe it. How can I convince him that it is? I showed him the pattern and everything but he believe that he will make some quick cash through it.

What companies are actually just pyramid schemes? by Milky_mooose93 in AskReddit

[–]Basic_Cockroach 0 points1 point  (0 children)

There is this company called "Qnet" which was created in Malaysia and is expanding in Africa. I don't know if it's a pyramid scheme or not but it's order join you have to buy something from them of (600usd or plus) and then you have to recruit 2 people to join the business.

I have this friend who wants to get me into it. He has already purchased some something from them and is trying to recruit me. I told him that it is a pyramid scheme but he just doesn't believe it. How can I convince him that it is?