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Murder Mayhem UK
The FOMO That Ruined Lives
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The FOMO That Ruined Lives

The man who lent his name to the pyramid scheme was not the first.

Sam H Arnold's avatar
Sam H Arnold
Mar 12, 2024
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Murder Mayhem UK
Murder Mayhem UK
The FOMO That Ruined Lives
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Pyramid schemes are where the later investors pay the first investors; they never make any profit but encourage many to invest. 

The other name for the scam is a Ponzi scheme, which was named after on…

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