South Africa’s collapsing pyramids
IT SOUNDED too good to be true, and it was. Investors in the “Miracle 2000” pyramid scheme were promised a return of 200% after 42 days. For a registration fee of 50 rand ($7) and a minimum investment of 300 rand, punters were offered the chance to grow effortlessly rich.
This article appeared in the International section of the print edition under the headline “South Africa’s collapsing pyramids”
From the August 5th 2000 edition
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