Content deleted Content added
m <!--♦♦♦ Please keep the list in alphabetical order ♦♦♦--> |
→Notable cases: "they were widely referred to as pyramid schemes due to their prevalence in Albanian society" seems like a non-sequitur |
||
Line 71:
== Notable cases ==
The [[1997 Albanian civil unrest]] was partially motivated by the collapse of [[Ponzi scheme|Ponzi schemes]]; however, they were widely referred to as pyramid schemes due to their prevalence in Albanian society.<ref>{{Cite web |url=http://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm |title=Finance and Development |website=Finance and Development {{!}} F&D |language=en-US |access-date=2018-07-04}}</ref>{{what}}
In 2003, the United States [[Federal Trade Commission]] (FTC) disclosed what it called an Internet-based "pyramid scam." Its complaint states that customers would pay a registration fee to join a program that called itself an "internet mall" and purchase a package of [[goods and services]] such as internet mail, and that the company offered "significant commissions" to consumers who purchased and resold the package. The FTC alleged that the company's program was instead and in reality a pyramid scheme that did not disclose that most consumers' money would be kept, and that it gave affiliates material that allowed them to scam others.<ref name="ftc-internetmall">[http://www.ftc.gov/opa/2003/07/nexgen.htm FTC Charges Internet Mall Is a Pyramid Scam] ''Federal Trade Commission''</ref>
| |||