How pyramid schemes work and why people keep getting suckered into them

They are basically targeting anyone who can’t do financial math. People who can do financial math tend not to be poor. Not necessarily rich but not poor. He made a good point about targeting immigrants and poor people in other countries. This is true. The schemes they run in developing countries are hilariously sad. There was a Russian guy Sergei Mavrodi who had one called MMM that swept all over the developing countries, especially Africa. It was so transparently a pyramid that it wouldn’t be legal in the US and people would have seen through it. In fact Sergei was completely open about describing it as a pyramid, and somehow justified it because he claimed it was going to destroy our current financial system and replace it with something else. Or something.