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Comment: Ponzi or Pyramid, there is a difference (Score 1) 346

by cbc1920 (#27569605) Attached to: Ponzi Schemes Multiply On YouTube

Can we please stop using these terms interchangeably? They're totally different scams. The pyramid scam can be quasi-legal since it doesn't necessarily involve lying to the new members, just hoping they're gullible enough to think they are near the top of the pyramid. A ponzi scheme only has ONE person/group at the "top" and works by convincing members that the scam is a legitimate investment, and is definitely illegal.

TOTALLY DIFFERENT IDEAS

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