In Belarus, the ban on financial pyramids is provided
Posted: Wed Apr 23, 2025 5:09 am
For by the Criminal Code and is considered illegal entrepreneurial activity - punishable by a fine, or deprivation of the right to hold certain positions or engage in certain activities, or arrest, or restriction of freedom for up to two years, or imprisonment for up to three years with or without a fine. The ban on advertising pyramids is regulated by the Law "On Advertising".
UKRAINE
In Ukraine, unlike the countries listed above, there is no direct ban on this type of activity, although the draft law "On the ban of financial pyramids in Ukraine" was submitted to the Verkhovna Rada of Ukraine in early bc data April 2013. You can be held accountable for creating a pyramid company by initiating a criminal case for fraud.
New pyramids are constantly emerging in the financial market. The imagination of the authors of fraudulent schemes knows no bounds, and the desire of the population to get rich quickly and without making any effort has not diminished over the years. Recently, fraudulent schemes have been built on the excitement around cryptocurrency.
In difficult economic, social and political situations, people look for alternative sources of income and fall into the clutches of scammers and fraudsters. Pyramids can also be a source of excitement for some investors. They are well aware of all the possible risks, but want to experience the feeling of adrenaline. The goal is not only to earn money without effort, but also the desire to guess the best moment before the collapse of the project, to withdraw all funds. Such people want to be smarter than others, to make a profit at the expense of those who did not know about the scheme, did not guess the right time or simply did not have time to leave the ranks of investors.
Financial pyramids often disguise themselves as network marketing. Fraudsters promote projects under the guise of MLM structures, taking advantage of the trust of the target audience, which poorly understands the difference between a legal business and fraudulent schemes.
UKRAINE
In Ukraine, unlike the countries listed above, there is no direct ban on this type of activity, although the draft law "On the ban of financial pyramids in Ukraine" was submitted to the Verkhovna Rada of Ukraine in early bc data April 2013. You can be held accountable for creating a pyramid company by initiating a criminal case for fraud.
New pyramids are constantly emerging in the financial market. The imagination of the authors of fraudulent schemes knows no bounds, and the desire of the population to get rich quickly and without making any effort has not diminished over the years. Recently, fraudulent schemes have been built on the excitement around cryptocurrency.
In difficult economic, social and political situations, people look for alternative sources of income and fall into the clutches of scammers and fraudsters. Pyramids can also be a source of excitement for some investors. They are well aware of all the possible risks, but want to experience the feeling of adrenaline. The goal is not only to earn money without effort, but also the desire to guess the best moment before the collapse of the project, to withdraw all funds. Such people want to be smarter than others, to make a profit at the expense of those who did not know about the scheme, did not guess the right time or simply did not have time to leave the ranks of investors.
Financial pyramids often disguise themselves as network marketing. Fraudsters promote projects under the guise of MLM structures, taking advantage of the trust of the target audience, which poorly understands the difference between a legal business and fraudulent schemes.