, an Idaho-based Multitask Marketing – a paths of broadcast products or services in which aforementioned distributors earn income from their own retail sales and from retail sales made by their direct and indirect recruits. 00 USD (got bumped up from 599-1299. “A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. Sunset – All-natural Tocotrienols & Omega-3s. Kyani is a MLM opportunity that's seeking to make the most of the recent boom in the and wellness industry. If you're struggling online, stop it now and save yourself from falling for numerous scams. When these distributors’ hefty costs are added, nearly all of them lost money. . This guy’s wife had left a full-time job to become a Kyani distributor and they were inundating us with their stories about being self-employed. You must order 100 QV worth of product per month to be ‘qualified’ for commission. Ponzi schemes or pyramid schemes have existed for a very long time and keeps getting modified from generation to generation. That’s because distributors can make money from retail sales and the products are reasonably priced. Kyani located with Kyani. Products (Including Pricing): 10 out of 100. Experience More. , although it does have some qualities of a pyramid scheme, which we’ll get into in a minute. Those who say so do not understand what a pyramid scheme is and by confusing the two can expose people to actual pyramid schemes. November 2017: class-action lawsuit was filed against Kyani (a multi-level marketing company that sells nutritional supplements), its CEO, and 100 unknown co-conspirators for allegedly operating an illegal pyramid scheme. Specifically, the complaint alleges that participants are rewarded for recruiting others to join instead of the sale of products and “ [o]ver 90% of Sunrider Distributors. And so far, it’s not considered a pyramid scheme in the U. The pros and cons of joining this program are revealed including why you should avoid. The. The FTC’s Advocare case resulted in Advocare, its former CEO, and two top promoters being permanently banned from multilevel marketing, as well as the company paying $150 million. Which suit, which was filled Monday in Californians federal court claim that “Kyäni emphasizes enlistment over. Pyramid schemes, on the. Kyani is a MLM opportunity that's trying to make the most of the recent boom in the and wellness industry. The FTC’s case against Nerium is pending. It was founded by Kirk Hanson, Carl Taylor and Dick Powell, as well. Kyäni affiliate-base are operating their businesses as such, Kyäni could very well be construed as a product-based pyramid scheme. RUN THE OPPOSITE DIRECTION if anyone trying to pitch, sell, or invite you one of their hotel or home meetings. MLM or direct selling is a sales strategy used by companies worldwide, from global giants like Kyani to national market leaders like Paparazzi Accessories, and a wide variety of small and medium-sized businesses. Long story short, this was outside my work where a car show was happening. Non garage sale posts will be deleted. . Before we go further in this Kyani review, I will define two terms first: MLM and pyramid scheme. Kyani is a MLM opportunity that's trying to make the most of the recent boom in the and wellness industry. Kyani also offers you the chance for Promotion Through Recruitment. A pyramid scheme is an illegal business practice that promises investors a large return on investment based on the recruitment of additional participants rather than the sales of an actual product. ’ And I was correct. July 22, 2002. It consists of a page which allows you to capture the name and e-mail addresses of every visitor to your site. #ExperienceMore with #Kyani. Class action against Kyani includes unknown top distributors. I believe a pyramid scheme is something that does not have legitimate products or. Kyani = pyramid scheme by definition, the product is shit, “investors” pay into the system but don’t get a payout. The early participants further recruit new entrants and get a commission to do so. This creates a pyramid of earnings and is often regarded as a “pyramid scheme. . Direct Sales and MLM. The profiles and cons from joining this program are revealed include why yours should avoid. Audio and Video; Books/Data/Stats Downloadables; FAQs (Frequently Asked Questions) Govt. Read on to explore the facts and outcomes of the Kyani lawsuit. A pyramid scheme is when a company recruits members by promising them payment for recruiting more members. 1 min. What represent the features of Kyani related? Review on Kyani testimonials and results. In 2010, customers and former distributors won a class-action suit for $150 million against Quixtar, the new name for Amway. And of course, we’ll get into the business itself. (and apparently ugly) break-up. Kyani provides business opportunities to many people by becoming one of their licensed distributors and sells Kyani products. The inherent flaw of pyramid schemes is that they must always suck in new converts to avoid collapse. Marc F on Is NovaTech A Scam?(A Trading Bot Pyramid Scheme!?)(REVIEW) Motunrayo on Attraction Marketing Formula Review – Is It A Scam Or A Legit MLM Course?? Armitage Dubois on Postloop Review – A Comments Purchasing SCAM!?Today, the U. The program is not a pyramid scheme based on what I have seen. CryptoPyramid Scheme: A pyramid scheme is an illegal investment scam based on a hierarchical setup. Yes, MLM is legal in the United Kingdom unless the company is not involved in Pyramid schemes. Her reasoning for switching from the last one to this one is this one is going to make her rich. Although Lyoness has been investigated by regulators for conduct in other countries, this is the first court. Thus helping the cancer patients. The specialists furthermore cons of joining this program is revealed including why yours should avoid. What are the benefits of Kyani products? Review of Kyani testimonials additionally results. Under this business model, the company’s sales staff is encouraged to purchase the products and then sell them to their customers. Kyani isn’t free from allegations and suspicions over the past years. Before Mr Mavrodi switched to bitcoins, MMM was operating with Mavros as the unit of exchange. Discover Amare, The Mental Wellness Company – Our mission is to create a holistic mental wellness platform for a purpose-driven. Find out if Kyani is a pyramid scheme by this honest MLM review. But. 95; Kyani Sunset (bottle of 90 softgel capsules) – $43. The front end of your lead generation system will be a page which asks visitors to fill out a form on your site. Find out for Kyani is a pyramid scheme at here honest MLM review. This is a buy, sale, trade group. In 2016, they were investigated by Truth in Advertising and have been reported to the DFA and FTC for improper health and income claims. However, for MLM companies, a better question would be, “Is Kyani a pyramid scheme in disguise"? What is a pyramid scheme? As far as the reports concern, Kyani is officially a legal company, but its business functioning is usually associated with an illegal pyramid scheme. 2 billion people in the 12th layer would be required to recruit 13. Kyani offers an opportunity for anyone to become an independent business owner, also known as an Kyani distributor, who is eligible to receive commissions from the the Kyani Compensation Plan!. Jim Land, Resident. KYANI has been around for several centuries and has a very important meaning in the lives of many. KYANI, despite what many might think, KYANI is well known across hundreds of nations all over the world. Multi Level Marketing (MLM) schemes are a drain on our society. The 2. It was unassuming with signs about "mental health wellness community". The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, and targeted African Americans and harmed people struggling financially during the COVID. But is Kyani. , an Idaho-based company marketing nutritional supplements, forward with its CEO and 100 strange co-conspirators, who are alleged to be operators a pyramid scheme. My old room mates dad was into kyani. Success Stories: 10 out of 100. Kyani, an MLM specializing in health and wellness products, reported that in 2015 less than 38 percent of active distributors received a commission check for $10 or more. 1 Looking for Affiliate Marketing Programs? 6. g. A "pyramid scheme" has no product or service by definition, they build by recruiting only. KYANI, despite what many might think, KYANI is well known across hundreds of nations all over the world. According to research at the FTC, a whopping 99% of recruited sellers lose money in an MLM venture. Is Rodan and Fields an MLM or Pyramid Scheme? Leave a Reply Cancel reply. Get LeadMoneyA pyramid scheme businesses or businesses with poor compensation programs would be the most undesirable multi-level marketing organizations. A Ponzi scheme is similar to a pyramid scheme in that new members end up paying existing members. MODERNIZE 2/26/23: Kyäni has become acquired by Amare Global, which description itself than “the mind wellness company. For those with an entrepreneur spirit, it’s a solid choice. The pros real cons of connecting this program are revealed including why you should avoid. KYANI has been around for several centuries and has a very important meaning in the lives of many. It provides its customers with products in line with health supplements, food and drinks. In BehindMLM’s Unicity International, Xango and Kyani reviews, affiliate autoship recruitment was a recurring concern. This would of course make Amare Global a pyramid scheme. The Kayni partner I interviewed mentioned time and time again, that the real money was to be made in recruitment. GET 2/26/23: Kyäni possessed been acquired by Amare Global, which describes itself for “the mental wellness company. KYANI has been around for several centuries and has a very important meaning in the lives of many. Find out if Kyani is one pyramid scheme in all truthful MLM review. And being within the top 10% at least of the company,” according to reporting by Business Insider. Find out if Kyani is a pyramid scheme in this honest MLM review. The program is not a pyramid scheme based on what I have seen. (208) 529-9872. Find out supposing Kyani will a pyramid scheme in this honestly MLM review. Kyani Pyramid Scheme Review Saturday, May 8, 2021. Business hours. The main reas on why people have been clamoring claims that Kyani is a scam is because of its’ business plan. He knew that I knew it. Claim: Herbalife has changed its harmful practices. This is because their members can earn an income by simply selling their health and wellness products. A pyramid scheme is when a company recruits members by promising them payment for recruiting more members. Eg remove the 4 kyani products and leave behind the recruitment and you have a pyramid scheme. The agency has written the procedures on the filing of complaints. Sunrise – This is a blend of concentrated vitamins and minerals. Kyani Review, advantage details nearly ingredients. S. There are a variety of testimonials and responses to Kyani. Think Amway, Herbalife and Mary Kay. Another difference is that there is no direct reward. Which is what Kyani is banking on with their elite, health-based product line. Matt is a 30ish guy who has a corporate job and chases the dream to become. Research There are many benefits provided in Kyani ingredients. Kyani Overview. KYANI, despite what many might think, KYANI is well known across hundreds of nations all over the world. This type of scheme typically begins with selling goods, and then quickly transitions into a. Recommended: Maybe Summary: American Dream. ASEA is NOT a scam. It could very well happen to Kyani. Kyani is an MLM company that is specialized in producing and selling natural health supplements. Anyway, there are several cons that I don’t like and that’s why I can’t confidently recommend this program. Just found the scripts they make distributors use for Kyani. MLM members make money by selling products and recruiting new members. Find out if Kyani is a pyramid scheme in this honest MLM review. Are they always “bad” or does that name. However, this does not mean Amway is completely legitimate. Kyani is it a scam? Kyani does sell products to its users but pushes you to join the company because they make way more money from you. A nationwide class-action lawsuit has has filed against Kyani, Inc. The FTC issued $149 million in refunds to individuals affected by an alleged AdvoCare pyramid scheme in May 2022. How many 9-5 jobs have most of the work force losing money, which is happening in Kyani? Kyani was reported to the Federal Trade Commission by TruthInAdvertising (TINA) due to all the deceptive health and income claims. Hi, my name is Adam. Multilevel marketing is legal, but pyramid schemes are not. . Koscot was charging $2,000 for the role of "supervisor. The FTC’s case against Nerium. . A pyramid scheme is a fraudulent investment strategy, deemed illegal in the United States. Concerning Arbonne, I believe. Technically, Kyani is not a scam. Is Kyani A Scam? What Is Seint? ABOUT THE AUTHOR. You probably locate Kyani as you were find for Network Marketing opportunities. It had been founded by Kirk Hanson, Carl Taylor and Dick Powell, in addition to. We combine ancient natural wisdom with modern scientific innovations to develop all-natural mental wellness products that support vigor, happiness, stress resilience, mental performance, and whole-body wellness. Not all, but some multilevel marketing businesses turn out to be pyramid schemes. kyani, kyani review, kyani reviews, kyani scam, kyani video, what is kyani, kyani pyramid, kyani pyramid scheme, kyani success, kyani. . Kyäni, an Idaho-based Multilevel Marketing – a way of distributing products or services in which the distributors earn income from their own retail sales the from retail sales made in their direct and. It could be a pyramid scam. The pros and cons of joining this program are revealed including why you should avoid. That means if new workers do contribute, or the stock market does not suddenly gain 20 percent per year, the old guys. Jim Hansen, Sr. It’s simply because the world would run out of people to recruit meaning it’s impossible for every distributor to make money…To probably found Kyani as you were looking to Network Corporate opportunities. In part 2, Robert and I finish up our analysis into the differences between MLMs and Pyramid Schemes, answer some questions from our listeners, discuss what the future of the Anti-MLM movement looks like and how to achieve the cohesive message that we both believe will change the future of how people view and understand Multi Level Marketing. A pyramid scheme compensates based on recruitment, and in most cases there is no real product or actual. to their "Independent Business Operators". So looking it over, it doesn't make sense for me. Find out if Kyani is a pyramid scheme in this honest MLM review. When physical products are involved MLM, then it is no more a pyramid scheme. What are the added of Kyani products? Review of Kyani testimonials and erkenntnisse. No, Amway is not a pyramid scheme. Kyani Pyramid Scheme Claims Linkedin November 2020: The appeal in the Ninth Circuit Court of Appeals was voluntarily dismissed, the for which have not been disclosed. Yeah, let me just rush out to make an appointment really quick to pay money to ask him about your shitty pyramid scheme "health" products. I see value in the products Kyani offers, in that there is legitimate reasons for them being high quality. Kyani Multi-Level Marketing. It absolutely was founded by Kirk Hanson, Carl Taylor and Dick Powell, as well as Dick's. Sources/Articles; Humor (Pyramid Scheme Pitch). . Product Name: Kyani. ) a list of ten people. However, the way some Kyani distributors recruit and push for sales. A pyramid scheme is an illegal financial scam masquerading as a legitimate business. WELCOME! You've arrived at your guilty pleasure destination for all…Is Kyani A Pyramid Scheme. This is the essence of a pyramid scheme. 3. We are very thankful to the popular Facebook group “Sounds Like MLM But OK” for the effort and time they put into starting off this huge master list, and sharing it with us, as the basis of our master list. (The company is currently facing at least a dozen lawsuits, some alleging that it’s a pyramid scheme, which LuLaRoe denies. Herbalife has paid a $500m settlement to the FTC, Advocare was forced to abandon the multilevel model, and Lularoe has suits pending in three states over its business model. ” Our original article follows. Kyani is not a pyramid scheme and the reason for this is that its distributors can make money just by selling the products without having to recruit other people into the company. So My skepticism was right in regards to Kyani MLM. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. kyani, kyani review, kyani reviews, kyani scam, kyani video, what is kyani, kyani pyramid, kyani pyramid scheme, kyani success, kyani. For MLM companies, however, the better question is "Is Kyani a pyramid scheme disguised?" What is a Pyramid Scheme? According to the Federal Trade Commission, it is a misleading investment strategy that promises investors or consumers large profits. . $200+ in some cases is a bit on the high end for me. KYANI, despite what many might think, KYANI is well known across hundreds of nations all over the world. . I like how you pointed out an emphasis on selling the products more so than bringing more people in. What are the benefits of Kyani commodity? Rating of Kyani testimonials press results. I’m not in a position to say that Kyani is a scam. And it’s true that most participants in a Ponzi scheme end up broke. A pyramid scheme comes in the form of a company or organization that is promising its members huge monetary returns whenever they recruit members. The reason I find that most people fail is they treat it like a lottery ticket or a "get rich quick scheme". A distributor has the ability to offer the Kyani products to consumers while also having the opportunity to build a team. 3 million in refunds. That was about half of the country’s total GDP for 1996. No, it’s not. They are different because of its compensation plan. implement its own policies and procedures and establish an illegal pyramid scheme. He wouldn't talk about anything else and how much he wanted us to have a good future, and. My ex-bf fell for some bullshit Kyani pyramid scheme. Get Directions. Touch device users, explore by touch or with swipe gestures. Of profits and cons of joining this program are revealed including wherefore you should avoid. Kyani Pyramid Scheme Reviews Blog Monday, 10 May 2021. Hush. Kyani berries are wild Alaskan blueberries that have been promoted online and elsewhere for their supposed anti-aging powers and for their antioxidant content. In 2017, Kyani was hit with a class-action lawsuit in California, with the plaintiffs alleging that the company operated a pyramid scheme. No, multi-level marketing is not a pyramid scheme. Kyani offers an opportunity for anyone to become an independent business owner, also known as an Kyani distributor, who is eligible to receive commissions from the the Kyani Compensation Plan!. Herbalife settled with the FTC and agreed to pay $200 million to compensate consumers and fundamentally restructure its business. . kyani, kyani review, kyani reviews, kyani scam, kyani video, what is kyani, kyani pyramid, kyani pyramid scheme, kyani success, kyani. They claim that they not only provide its members with jobs, but they also provide them health. The Australian Competition and Consumer Commission has instituted proceedings against Lyoness International AG, Lyoness Asia Limited, Lyoness UK Limited and Lyoness Australia Pty Limited (together ‘Lyoness’) for operating a pyramid selling scheme and engaging in referral selling. Her reasoning for switching from the last one to this one is this one is going to make her rich. Before we even start a debate whether it’s a pyramid scheme or a multi. It does not mean that MLM profits are all about the product, though. Bryce Dunham-Zemberi MGT 2050 || Summer 2020 Module 14 Case Analysis—Pyramid Schemes Due July 29, 2020 Kayni also passes the “derived solely from the efforts of others” clause of the “Howey Test”. Total Life Changes is not a scam nor it is a pyramid scheme, and we will explain to you why in this review. It is also associated with vomiting, upset stomach, and headaches. Amway’s business model is a pyramid. Kyani - Review Of The Business. Finding out if Kyani is a pyramid sheets inbound this honest MLM review. Any scheme where someone above you is getting a direct cut of sales is a scam – they rely on you recruiting others so you can move higher up the pyramid. It is a legitimate Multi-Level Marketing company in the health and wellness niche that sells and promotes its own “unique” product line. You will receive multiple emails. Multi Level Marketing (MLM) schemes are a drain on our society. In This Review, You Will Find Out if Kyani is a Legitimate MLM Program Worth Joining or a Scam. And as such they have a homebased business opportunity available to people. Some pyramid scheme promoters disguise their true purpose by introducing products that are overpriced, of poor quality, difficult to sell or of low value. All pyramid schemes eventually collapse, and most. Kyani is a great opportunity for people who are interested in health and wellness. Often you’ll struggle for a long time to make any decent money. The pyramid scheme guys are mostly still at home with parents and have very little assets or capacity to spend. 95. Kyani – LeadMoney. Direct Sales and MLM. pyramid schemes. Explore. KYANI has been around for several centuries and has a very important meaning in the lives of many. An underlying pyramid scheme structure As a precautionary measure, I strongly urge you to source your supplements and health-related products from reputable pharmaceutical companies. Is Kyani a Pyramid Scheme and Is It Legit? A lot of people that are considering Kyani might wonder if it’s legit or not. When members are paid for recruiting only that it would be classed as a pyramid scheme. If the money you earn is based on the number of people you recruit and your sales to them, it’s probably not. Find out if Kyani is a pyramid scheme in this honest MLM review. It had been founded by Kirk Hanson, Carl Taylor and Dick Powell, as well as. Your email. Nor is Kyani a pyramid scheme, because it has an actual product line to sell and generate income. Kyani MLM Pyramid Scheme Sunday, May 9, 2021. Visit Website. içerisinde hiç iyi olaylar dönmüyor mailden okuduğum kadarı ile (evet yaptığım çok ayıp). TYPE OF PRODUCT: Health and Wellness MLM. . 99% of MLM participants lose money. Kyani is a multi level marketing company but you already know that so let me tell you more. Kyani - Review Of The Business. Kyani MLM Review - Complete Review Of The Kyani Products. However, there are. “A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. . Pyramid scheme are illegal, AND, the people at the top make all the money while the new coaches struggle to earn pennies- MLM don’t really work that way. Find out if Kyani shall a pyramid scheme with this honest MLM review. " Martinez v. Maybe you found Kyani over aforementioned internet or to friend or mother-in-law has being singing its praises and hunt they to recruit you as one a its… Hey! Maybe you found Kyani over of online or your friend or mother-in-law has been singing is praises and hounding it to recruit you while one of its distributors. piramit diyenler için yalnızca bir video paylaşıyorum. , direct sales); is a structure to favor the owners, the notable investors, and very few people at the top of the compensation plan the company. Besides having products with many claimed health benefits, the MLM offers employment through product distribution. When autocomplete results are available use up and down arrows to review and enter to select. Such an offer would be an example of a pyramid scheme, which is illegal in most countries. Educate yourself. Touch device users, explore by touch or with swipe gestures. Nitro FX – This helps your body’s ability to produce nitric oxide. Kyani is a multi-level marketing company that is based in Idaho and chaired by Michael Breshears. Kyani is a superfood MLM that primarily focuses on wild Alaskan blueberries, Omega 3s, and stem cells. Kyani - Review Of The Business. Kyani is a multi-level marketing company that is based in Idaho and chaired by Michael Breshears. Before looking at whether doTerra is a Pyramid Scheme or not, let’s first understand what is a pyramid scheme. They give lip-service to selling a product (because, legally, they have to), but they are really getting paid by selling mentorships, conferences, etc. Sometimes, the law sees through it. </p><p>I like the overview of what a pyramid scheme is. gov. Though Kyani operates legally, its pyramid-based marketing model primarily benefits those at the top. Nikken is NOT a pyramid scheme. Amway has paid more than $63 billion in bonuses and incentives to its distributors (Amway Business Owners) since the. However, there are still reasons that may negate your choice in joining if you have been seriously considering. Often in a pyramid scheme, you’ll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you. ago. Find out whenever Kyani is a pyramide scheme in on honest MLM review. However, if you are not looking for a Multi-Level Marketing company at all, we still have many other sites we have looked at. Those who say so do not understand what a pyramid scheme is and by confusing the two can expose people to actual pyramid schemes. 1. Kyani Login – Customer Service – Training – Resources. MLM members make money by selling products and recruiting new members. Mind you when you look at the compensation plan which is how you get paid. Actualyl pyramid scheme companies have very strict policies. kyani, kyani review, kyani reviews, kyani scam, kyani video, what is kyani, kyani pyramid, kyani pyramid scheme, kyani success, kyani. Pyramid schemes involve new participants providing a financial or other benefit to existing participants in the scheme. For every MLM examined so far (100% of them), I have found them to be recruitment-driven and top-weighted. Alright. Kyani Kyani was. [deleted] • 2 yr. Find out if Kyani shall a pyramid scheme with this honest MLM review. We are very thankful to the popular Facebook group “Sounds Like MLM But OK” for the effort and time they put into starting off this huge master list, and sharing it. Find off for Kyani has a pyramid scheme in this honest MLM review. KYANI, despite what many might think, KYANI is well known across hundreds of nations all over the world. Kyani Reviews: Is Kyani A Pyramid Scheme? In the traditional sense, Kyani is not one. 14675 Dallas Parkway, Suite 150 Dallas, TX 75254-8050 214-800-4400 Fax: 214-594-7857« Kyani Pyramid Scheme or Legit Business? About Me & My Site. Pyramid scheme claims against MLM companies on the rise. However, there are still reasons. However, if you are not looking for a Multi-Level Marketing company at all, we still have many other sites we have looked at. Kyani Review, extra details about ingredients. See moreAs far as the reports concern, Kyani is officially a legal company, but its business functioning is usually associated with an illegal pyramid scheme. The suit, which was saved Monday at California federal justice alleges that “Kyäni emphasizes recruitment. The exploitation lies in the free labor and money that you have to put in. Pyramid schemes work by keeping a constant stream of recruits flowing into the business to benefit only the people at the top. kyani, kyani review, kyani reviews, kyani scam, kyani video, what is kyani, kyani pyramid, kyani pyramid scheme, kyani success, kyani. 2017-2021 Pyramid Scheme Class Actions. If anything thinks they can sell a similar product as the big boys sell, including eBay and Amazon, for a higher price yet still generate an income are idiots. MLM promoters cite the Amway precedent as justification for their programs, which have proliferated like a fast-1070 Riverwalk Dr Ste 350. However, you also have to purchase. May 2019: The appeal in the Ninth Circuit Court of Appeals was stayed pending a decision from the Idaho state appeals court. the FTC is being overbearingly strict and at the other end the industry wants to be a ‘legal’ pyramid. I've been involved in internet marketing since 2000. You make money by… Purchasing products or services. Is Elepreneurs A Scam Or A Pyramid Scheme In Disguise!? Recent Comments. This is the essence of a pyramid scheme. It’s your usual MLM company that requires you to purchase products to become a member and avail discounts. Kyani is a family-based company that was founded back in 2005 and they’re focus is on health and wellness, vitamins, and other health supplements. . Marc F on Is NovaTech A Scam?(A Trading Bot Pyramid Scheme!?)(REVIEW) Motunrayo on Attraction Marketing. In reality, they are one of the purest pyramid schemes out there. Spotting a pyramid scheme.