What Happens After a Pyramid Scheme Collapses

A blessing loom scam hit Barbados in early 2021 led by Kirk Brown. The local celebrity influenced many people to join.

This topic has been covered on my channel before, but this one is different because the blessing loom pyramid scheme has already toppled over and we get to see some of the fallout.

INSTAGRAM

[sauravrao]

"It's not a pyramid scheme...its a triangle of opportunity."

[terryjones]

Mathematically it is impossible for everyone to be paid out.

[fyoutube]

I work in a bank. I see this nonsense all day every day. No matter how much you tell people, it's a scheme, they do not listen. They just come back crying a week later when all their money is gone and ask us to do something about it. What am I sposed to do when you transferred the money and the recipient withdrew all of it in cash immediately.

[RyanTheHuehue]

Long read: I remember a friend once tried to convince me to join. He said he already earned 20x more than what he invested. I told him I don't have money and he told me to sell my phone first so I can join. I told him why do I need to sell my phone, I need it. I asked him to lend me money then I'll join. He said blessings only come to those who sacrificed. I was like wut? I told him, look bro, we've known each others for a little over 10 years and have loaned money to each other many times. If you say this "business" is successful, why can't you lend me "entry" money? lol. That's the last time we talked about that pyramid scheme.

[Je.rone_]

The problem is people think if they're making money it's not a pyramid scheme

[ellisjackson]

This is like that episode of the office when Michael was explaining his new get rich plan he got involved in, and Jim just drew a pyramid around it lol

[neetwithajob]

it's so heartbreaking to hear that one lady on the Zoom call say "this is my rent money". how anyone can run one of these scams with a clear conscience is beyond me.

[panaceiasuberes]

If someone is constantly active in Instagram and Facebook showing their millions the income is probbly coming from a dubious origin. Here in Monaco barely anyone has any social media accounts because in the early 10's that led to lots of robberies. Privacy is one of the most invaluable things people have. If your giving up that to show off your lifestyle probably you're luring people to some scam.

[redtsun]

that awkward moment when a family member or friend tries to get you to join a pyramid scheme and you gotta try to explain to them that it's a scam, but they are so deep in denial about it because they bought into it themselves. I remember once this guy from my old church talked to me about an "investment opportunity" and immediately I was skeptical. He wanted me to come to this seminar thing, where an "investment coach" was going to be talking to us about the process or some shit. Anyway as it turns out It was your classic pyramid scheme. When I talked to him about it, tried to tell him it was obviously a pyramid scheme, he was in complete denial. "It's not a pyramid scheme, because pyramid schemes fall apart at the bottom".

Needless to say he lost over 3 grand and we never talked about it again.

[robertobarasa]

As a fellow Caribbean native (trinidad & Tobago to be exact), this blessing loom model took a strangle hold on our economy to the point one called DSS got the creator almost 25 million TT dollars and the police eventually confiscated all of it. He’s still convincing people that its the police that did them dirty

[mikvance]

Pyramid schemes work when you get in at the start, which is why they seem so successful and wealthy. Anyone below their initial level just gets hosed since its mathematically impossible the further down you go.

[LilAnnThrax]

One of the ways I like to teach people about these is showing them the math. If you show them that by layer 10 or 12 (I don't remember exactly, haven't had to calculate it in awhile luckily) you would need every person on earth to join in order for everyone to bring in new people. It's way less layers than they usually think.

[bajancutie]

I am so embarrassed as a Barbadian that it took an American making a video for some people to realise what a scam these blessing circles are.

[davioncrichlow]

Watching this from the Caribbean. Blessings circles are so rampant

[jacksampsonforever]

8:31 Spencer laughs at his joke, and it makes ME laugh

[vicamogu]

8:27 that joke was too funny lloool, for a moment you must have said to your self, damn I'm too good at this.

[devonclarke]

They started one of these at my job late last year, they asked me to join 3 times. I told them no each time when they asked me why not I said it sounds like a Pyramid Scheme, then they stop asking. A bunch of people joined and after the FIRST "Blessing" it collapse. And the only person to get his money back was this former Soldier that put all his money on his own and basically PROMISED bodily harm if he didn't get every penny he put in back. Everyone else didn't get a single dime back.

[hanifcharles]

Bajans can't run from their accent boy. This scam hit barbados and I was so taken back by amount of people who joined... Barbados gone global!! 🤣🤣

[brandonbarclow]

This is funny. I'm a CPA (for over 20 years), and I was 100% convinced that this was legit. My wife joined one of these and was on one of the first boards. She was paid out in a week. I saw this and got blinded by the payout, so I joined. i was paid out in 2 weeks, but the board was moving very slow. I then realized that this was a complete scam. I say that to say this: CPA's aren't exempt. Barbers have the worst haircuts and mechanics have the worst cars. So go figure!

[mdotbeedot]

9:45
"You gotta trust the process!"
As a Sixers fan stuck with an overpaid 6'10 guard that's too shy to shoot and disappears even more in big games, this is triggering 😭