Oddbean new post about login | logout According to investigations, the pyramid created by the Belgian harmed thousands of investors in several European countries.
Pyramid schemes, in general, are a type of fraud where the initiator offers investors the opportunity to make investments that promise high returns . Participants in pyramid schemes are typically organized in a hierarchical structure, with new investors bringing in money that is used to pay returns to earlier investors. The fraud is usually discovered when there are not enough new investors joining the scheme