The Lessons of Pyramid Schemes in Chile and the World
DOI:
https://doi.org/10.11565/oe.vi104.104Keywords:
pyramid schemeAbstract
In recent months, a series of investment firms, notably AC Inversions and Grupo Arcano S.A., have been accused of using a scheme known as a “pyramid scheme” to defraud thousands of people out of amounts close to US$200 million. What are pyramid schemes? Are they exceptional or recurring cases? Why do people fall for these schemes? Can they be prevented from continuing to occur? These are some of the questions we address in this article. Continue reading...
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