2024-04-19 15:20:28
Image fileThe president of the Venezuelan Institute of Technological Law and specialized in technology and computer crime, Raymond Ortahighlighted that pyramid schemes are a business system where participants must expand the scheme by attracting new members.
Of UR world
The aim is to generate benefits for the original participants.
“It mutates in Venezuela and affects the international financial world. They have a limited cycle, when the training of new participants is finished, that’s when that bubble bursts,” he explained.
What is the mechanism of pyramid scheme?
Orta highlighted that the scams are usually hidden behind the sale of products or services and that they require an initial contribution to enter the cycle or pyramid.
“First you receive dividends, interest income or commissions that are hidden, but eventually when the bottom of the pyramid is not configured in such a way that it cannot support the payment of these interests. “It has happened at all levels,” he added.
Warning signs of these scams
– Informal recruitment (red flag when they ask for a deposit of capital for work).
– SAN financing system (it is the typical and historical hook).
– Ghost projects that raise money and then disappear.
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