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I actually made a pretty good amount off straight up illegal offshore pyramid schemes back in the day when e-gold was a thing. They were all over the place and to be honest I don't think there was anything wrong with the because the risk was realistically advertised. I even got away with heavily advertising on Google somehow, but I think I avoided a lot of trouble because I was promoting it as a gamble/challenge not an investment.
Honestly I think MLM programs are way worse. I had a whole bunch of friends get into Primerica and wanted to treat it like their new full time job. I was running sites for legit insurance companies so I offered to set them up with lead gen campaigns my companies clients would pay millions for, but not a single one of them was ever interested in selling an insurance policy. At the same time, they started working 40 hour weeks trying to get people to sign up and teach them to do the same damn thing. Primerica doesn't care if they hook 100 impoverished suckers into dedicating weeks of unpaid promotion as long as they get one who's smart enough to sell insurance for them down the line. To me that's worse than any stupid pyramid game.
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