5,495,296 views | Stacie Bosley • TED-Ed
How to spot a pyramid scheme
In 2004, a nutrition company offered a life-changing opportunity to earn a full-time income for part-time work. There were only two steps to get started: purchase a $500 kit and recruit two more members. By 2013, the company was making $200 million. There was just one problem -- the vast majority of members earned less than they paid in. Stacie Bosley explains what a pyramid scheme is and how to spot one. [Directed by Wooden Plane Productions, narrated by Bethany Cutmore-Scott, music by Matthew Reid].