Pyramid Schemes Cause Huge Social Harm in China

Economist
The authorities call them “business cults”. Tens of millions of people are ensnared in these pyramid schemes that use cult-like techniques to brainwash their targets and bilk them out of their money.

Pyramid Schemes Cause Huge Social Harm in China

The authorities call them “business cults”. Tens of millions of people are ensnared in these pyramid schemes that use cult-like techniques to brainwash their targets and bilk them out of their money.

Caixin Media

03.17.13

Ladders, Losers, and Direct-Marketing Schemes

A skin cream customer pays an extra fee and, voilà, instantly becomes a company representative with the right to sell cream and other products, as well as recruit more dealers.Eventually, she persuades other women to buy the cream and join the...