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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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View full lesson: https://ed.ted.com/lessons/how-to-spot-a-pyramid-scheme-stacie-bosley
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