As millions have lost jobs due to the Covid-19 pandemic, some have turned to costly pyramid schemes to try to make ends meet . And sadly there are no shortage of multi-level marketing companies using coronavirus outbreak to profit on that fear, preying on those who have few alternatives to make money legitimately.
Usually framed as a “business opportunity,” pyramid schemes are illegal, get-rich-quick schemes that ask you to pay money upfront and then recruit others to join the scheme so you can you get a big payout. Some have products attached, but many don’t.
One such scheme currently making the rounds on social media is called “The Blessing Loom.” Questionable "opportunities" are also coming from multi-level marketing companies. NBCLX’s Fernando Hurtado explores the world of MLMs and explains how to spot a pyramid scheme.

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Pyramid Schemes Are Preying on the Unemployed. Here’s How to Spot Them | NBCLX
   • Pyramid Schemes Are Preying on the Un...  

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