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Home › MLM articles › What is the actual harm of a pyramid scheme? What is the actual harm of a pyramid scheme? pyramid,scheme,jobs,careers,ethic
But what is the actual harm of a pyramid scheme? What are its ethical abuses and compromising allurements? Collectively, losses are too far reaching to calculate. They involve billions of investment dollars, months and years of futile effort, livelihoods and careers abandoned or sidetracked during the misguided quest for promised wealth, alienation from family and community relationships, and self-esteem buried in guilt, shame and dashed hopes. In a recent petition to the FTC for a new inquiry into multi-level marketing, retired Assistant Attorney General from Wisconsin, Bruce Craig, wrote, “Many distributors have lost life savings, stable jobs and their marriages.” Despite these dire losses, he adds, “most distributors, after failing in what they thought was a valid business enterprise, are not motivated to complain or seek redress. They have… been conditioned to believe that any failure was their fault.” |
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What is the actual harm of a pyramid scheme?
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