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Tuesday 22 November 2016

Pyramid Scheme Video

In Interactive with Steve we watched this animation made in flash about Pyramid Schemes.



The video showed how to spot them and had some drawings in to help demonstrate what is being narrated. The animation looked professional and helped towards putting across a message.

A pyramid scheme is a way of making money that involves promising people payment for enrolling other people into the scheme or teaching them how to take part. The many people at the bottom of the pyramid make hardly any money whereas the few people at the top make vast amounts of money. Pyramid schemes are a form of fraud and are therefore illegal in many companies (including the UK), however by renaming them and slightly changing aspects of the scheme, many companies get away with it. One big giveaway is that it's too good to be true and one example is reselling aloe vera products. This type of scheme has been in existence for at least a century.

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