#QuickbiteCompliance day 209
🚨 The “Money Trick” That Robs People – Pyramid Schemes Explained 🎩💸
Imagine your friend tells you: “Give me $10, and if you bring two more friends who also give $10, you’ll get $30!” Sounds easy, right? But what if those friends can’t find new people? The whole thing collapses—and you lose your money. That’s how a pyramid scheme works.
### How Scammers Use It for Crime
Pyramid schemes don’t sell real products—they just move money from new victims to old ones. Bad guys:
✔️ Promise “easy cash” to lure people in.
✔️ Pressure victims to recruit friends & family.
✔️ Disappear when the scheme collapses, leaving most people with nothing.
Real-Life Example:
A fake “investment club” claims you’ll double your money in weeks. Early members get paid with new members’ cash—making it look legit. But when no new people join, the scammer vanishes with millions.
### How Do We Stop It?
🔍 Education – If it sounds too good to be true, it probably is!
💡 Tech & Transparency – Tools like #InclusiveRegtech and #OpenSourceAML help track suspicious money flows.
⚖️ Strong Laws – Many countries ban pyramid schemes—but enforcement is key.
Remember: Real businesses sell real things. If profits come only from recruiting others—it’s a scam. Stay alert! 🚦
📖 Learn more: [ACAMS Glossary – Pyramid Schemes](https://www.acams.org/en/resources/aml-glossary-of-terms)
#StopFinancialCrime #PyramidScheme #ScamAlert #AML #100HariNulis #InclusiveRegtech #OpenSourceAML