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#pyramidschemes — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #pyramidschemes, aggregated by home.social.

  1. A San Francisco judge said she will approve a $65 million settlement resolving a class action accusing World Financial Group of misclassifying 380,000 “sales agents” and running a pyramid-style recruiting scheme. #MLM #FinancialScams #PyramidSchemes #ClassAction #WFG #WorldFinancialGroup m.youtube.com/watch?v=fuw1AV7j

  2. "If you reject the very idea that problems are systemic, then you have no use for institutions, and institutions are the only effective response to systemic problems. That primes you to reject the unsatisfying answers of science ("If you don't want to get cancer, regulate corporations and cars that dump carcinogens into the environment") in favor of individual solutions, which are, inevitably, products that someone can sell you, from alkaline water to electrosmog-shielding hats.

    Rejecting systemic explanations also primes you to believe in conspiracy theories. This is why antisemitism is called "the socialism of fools": rather than fighting against the system of primacy of extractive finance capital over the productive economy, you spend all your time locked in a one-sided battle with an imaginary cabal of evil Jewish bankers.

    Conspiratorial beliefs make you especially vulnerable to a grifter's sales pitch that goes like this: "Of course they don't want you to drink raw milk, otherwise you'd be as powerful as they are." Variations on this theme include "buy the miracle anti-aging cure that only billionaires are privy to" and "buy a bump stock before the conspiracy to take away your right to self-defense makes them illegal."
    (...)
    Many people have observed that one of the reasons conservatives govern so badly is that they campaign on the idea that "governments are wasteful and inefficient," which means that if they run the government in a wasteful and inefficient fashion, they only prove their point. In the same fashion: right-wing grifters who pitch you on the idea an evil cabal has rigged the game, and then take your money and rip you off, are demonstrating the correctness of their pitch."

    pluralistic.net/2025/07/22/all

    #Conservatism #ConspiracyTheories #PonziSchemes #PyramidSchemes #MultiLevelMarketing

  3. Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023 - The Bank of Russia reported that the number of pyramid schemes and illegal lending... - news.bitcoin.com/bank-of-russi #cryptocurrency #pyramidschemes #bankofrussia #crypto #news

  4. I don't understand why anyone bothers trying to rope #childfree middle-aged #women into #PyramidSchemes or #MLM #scams. Sorry, Ashley P from high school, but are you not aware that I've successfully resisted pressure from *every child-having friend and relative* to buy into their "have kids" pyramid scheme? You really think you're going to tempt me with peer pressure and shitty skincare products? My skin already looks 10 years younger than yours because I don't wake up 6 times a night with a screaming toddler.