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Pyramid and Ponzi schemes are illegal and should be reported to the Federal Trade Commission and the police department. True False

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Pyramid and Ponzi schemes are illegal and should be reported to the Federal Trade Commission and the police department.
True
False

Pyramid and Ponzi schemes are illegal and should be reported to the Federal Trade Commission and the police department. True False

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GilbertMaster · Tutor for 5 years

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True. Pyramid and Ponzi schemes are illegal financial activities, and if you come across such schemes, it is advisable to report them to the Federal Trade Commission (FTC) and the police department to prevent others from falling victim to fraud.
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