About
In 2004, a nutrition company offered a life-changing opportunity to earn a full-time income for part-time work. There were only two steps to get started: purchase a $500 kit and recruit two more members. By 2013, the company was making $200 million. There was just one problem -- the vast majority of members earned less than they paid in. Stacie Bosley explains what a pyramid scheme is and how to spot one. [Directed by Wooden Plane Productions, narrated by Bethany Cutmore-Scott, music by Matthew Reid].
The talk
Credits and licence
- Institution
- TED
- Department
- TED-Ed
- Speaker
- Stacie Bosley
- Year
- 2019
- Level
- For everyone
- Language
- English
- Subjects
- Economics, Business and management, History
- Source
- TED
- Licence
- CC BY-NC-ND 4.0, as TED states it. Non-commercial use only, and no changed versions. TED's terms
- Attribution
- TED Talks are licensed by TED under Creative Commons BY-NC-ND 4.0 International and are shown here in TED's own player, as TED's usage policy asks.
- Who can watch
- TED gives no rating. Invisible Network shows it to Teens profiles and older, judged from what the source says about it. How courses are placed
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