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Pyramid Scheme

All articles tagged with #pyramid scheme

legal-business2 years ago•2 min saved

"Trump's Legal Victory: Pyramid Scheme Lawsuit Success"

Donald Trump scored a legal win as a federal judge dismissed a New York case accusing him of involvement in a pyramid scheme, breaking the case into three smaller ones in different states. The lawsuit involved the Trump family's endorsement of a video chatting phone on Celebrity Apprentice, which turned out to be a dud and led to allegations of duping investors into a multi-level marketing company. Despite initial promise, the case has faced setbacks, with the latest decision splitting it into smaller claims in California, Maryland, and Pennsylvania.

via The Daily Beast|

#celebrity-apprentice #donald-trump #lawsuit

personal-finance2 years ago•4 min saved

Austin Man's Financial Nightmare: No Retirement Savings, Massive Debt, and Trapped in a Pyramid Scheme

A 52-year-old man from Austin, Texas, who once had a successful construction business generating $1.5 million in revenue, now finds himself with no retirement savings, $50K-$60K in bad debt, and seemingly stuck in a pyramid scheme. A series of unfortunate events, including the pandemic and the deaths of his wife and stepson, led to his financial downfall. Despite his current dire situation, there is still hope for him to salvage his retirement by cutting back on expenses, paying down debt, and focusing on productive construction-related businesses rather than pyramid schemes. This story serves as a reminder that it's never too late to fix a bad financial situation.

via Yahoo Finance|

#construction-business #debt #financial-struggle