Undisguised Pyramid Scheme
A few days back, I'd written a post about "Well-disguised Pyramid Schemes".
Got a few mails about the article, especially asking me to name the company.
However, one mail that was enlightening was about a perfectly "Undisguised Pyramid Scheme":
If you want a classic example of a pyramid scheme and how it operates, click on the above link - But, for heaven's sake, don't register in that scheme and get cheated!
If anyone is aware of which regulator is supposed to take care of such matters, please do let me know - or, better still, inform the concerned regulator about this one!