eli5 How do multi-million dollar pyramid schemes stay around for so long?

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The company’s that everyone knows are MLM trash (HerbaLife, JuicePlus, ect). When I was looking for a job I naively joined a seminar discussing CutCo Knives. Come to find out these dud muffin companies have been around since my mom was growing up, and are somehow still operational? Wouldn’t the BBB or whatever business bureau operates in the US (FTC?) have these scams shut down by now? I understand that new ones are popping up all the time but im referring to the ones that have been around forever now.

In: Economics

41 Answers

Anonymous 0 Comments

Something for me at last! I am from a shithole country, my fellow countrymen and women join pyramid schemes knowingly.. In a country where nothing works, one hopes to join such schemes early on before collapse. Everyone hopes they are at least one rung above collapse.Heads you win, tails you join the next scheme, hoping for better luck.

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