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what is this pyramid ponzi scheme ?

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what is this pyramid ponzi scheme ?

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www.shoptoearn.com seems like this pyramid scheme is running rampant in miami lately — anyone hear of this company – you need to register to read more on the website, but basically, you pay $500 to “join” — then you need to find two others under you to join also — then you sit back and collect your fortune sounds a lot like this Wikipedia Quote: [edit] “8-ball” model Many pyramids are more sophisticated than the simple model. These recognize that recruiting a large number of others into a scheme can be difficult so a seemingly simpler model is used. In this model each person must recruit two others, but the ease of achieving this is offset because the depth required to recoup any money also increases. The scheme requires a person to recruit two others, who must each recruit two others, who must each recruit two others. The “8-ball” model contains a total of 15 members. Note that unlike in the picture, the triangular setup in the cue game of eight-ball corresponds to an arithmetic pr

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