Weekly Security Tip

This week's topic: Pyramid Schemes

Pyramid schemes have been around for years through countless different products and services. By using attractive marketing techniques and “get rich quick” tactics, these pyramid schemes trick individuals into becoming a distributor for a potentially phony product.

In this week’s security tip, learn more about how pyramid schemes work and the tricks you should be watching out for.

Watch this week's Security Tip by

Advisor Armor

VIDEO

Quick Tips

  • Many products sold through pyramid schemes are not sold on store shelves but rather through distributors, like friends and family members.

  • Multi-level marketing structures are not illegal, but many do profit mostly by duping individuals into joining a company by offering benefits that are too good to be true.