Wealth Pools Pyramid Scheme
In December 2007, the SEC froze the assets of Wealth Pools International. Wealth Pools claimed to be a marketing company selling English and Spanish language DVDs through a global network of sales associates. New participants purchased a set of DVDs which they would then try to resell for profit. However, participants profited by recruiting new sales associates, and not from DVD sales. The scheme impacted as many as 70,000 people in 64 countries and cost participants $132 million in 2007 alone.
Wealth Pools is an example of a product-based pyramid scheme.