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What are Pyramid Schemes? (How to Spot them?) [Video]

What are Pyramid Schemes? (How to Spot them?)

In this video tutorial, we explain all about pyramid schemes, their meaning, how they function, their characteristics, and how to spot them?

What is a Pyramid Scheme?
A Pyramid Scheme is a fraudulent system that involves recruiting an increasing number of investors and making money. Initially, a single promoter recruits an investor and makes him invest a certain amount. In order to make a profit the investor has to recruit more investors into the scheme where he will be paid a certain percentage from the new investment. And the cycle goes on to prepare the group of the initial promoter.

Advantages of pyramid schemes.
– Good returns
– Product marketing at a lower cost
– Easily can accumulate donations.
– Higher profit
– Team building

Disadvantages of pyramid scheme
– High risk of losing your money.
– Have many unidentified loopholes.
– No guarantee of long-term returns.
– Very unstable.

How to Spot a Pyramid Scheme?
– Higher time constrains
– Unrealistic high ROI
– Focus more on recruitment
– No proof of revenue generated

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For more details, you can refer to our article – https://www.wallstreetmojo.com/pyramid-scheme/
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Resources for Accountants

Consideration of Illegal Acts [Video]

Have you ever considered the number of rules and regulations a company must adhere to as part of its business operations? Well, it’s a lot, which is why companies have legal counsel! But if you are an auditor, are you responsible for knowing the ins and outs of these various rules and regulations? Are you, as an auditor, required to perform procedures around these rules and regulations? What if somebody at your client purposely violates these rules and regulations – what do you do then? These are all great questions and are all covered in this CPE-eligible (0.5 CPE) eLearning course about the responsibilities of an auditor relating to laws and regulations in a financial statement audit, including what to do when noncompliance (i.e., an illegal act) is discovered. Check it out here: Coming Soon! Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individu... Subscribe to GAAP Dynamics to see more videos like these!

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How to Successfully Start a Business from Scratch [Video]

Starting a business from scratch is a profound journey, one filled with excitement, challenges, and the promise of realizing your entrepreneurial dreams. It's an endeavor that demands a blend of creativity, resilience, and strategic thinking. While the path to success may not always be straightforward, there are essential steps and principles that can guide you through the process and increase your chances of building a thriving enterprise.

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Resources for Accountants

Finance for Non-Finance Master Business Finance Without Prior Knowledge! [Video]

🚀 Looking to master business finance without any prior background? Whether you're a manager, entrepreneur, or professional aiming to make informed financial decisions, this course is your gateway to understanding finance with real-world applications!​ 🎓 Introducing WallStreetMojo’s Finance for Non-Finance Certification Course Bundle – Your comprehensive guide to grasping financial concepts, statements, and market dynamics in an easy-to-follow manner.​ ✅ 11+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with practical case studies ✅ Master financial statements, valuation, and market dynamics ✅ Earn a globally recognized certification upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Understand business finance in simple terms 📌 Analyze financial statements and ratios 📌 Grasp equity valuation and market dynamics 📌 Apply real-world scenarios to reinforce learning 📌 Gain proficiency in Excel for financial analysis​ 📜 Upon completion, you'll receive a professional certificate to enhance your resume and open doors to opportunities in management, entrepreneurship, and more.​ 💡 Join over 100,000 learners who have transformed their understanding of finance with WallStreetMojo. It's your turn to gain a competitive edge in the business world!​ 🎯 Start your journey to mastering business finance today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/finance-for-non-finance/finance-for-non-finance-certification-course-bundle/ 📢 Subscribe for more practical finance training and career tips! 🔔 Turn on notifications to stay updated on the latest in finance education!

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Complete Guide to Options, Futures & Swaps! [Video]

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