We have seen the effect of the massive pyramid schemes on Albanian society. The entire country dissolved into civil war.
Remember what we are talking about - in 1997 and 98, directly as a result of the massive financial losses, an entire country turned in on itself.
The entire population of Albania was caught up in promises of massive financial returns on investments. It's easy to say that history was not on the Albanians' side. They were trapped in a Communist dictatorship for 50 years that cut them off from society and free market economics was not only discouraged, it was actually against the law during this time. Further, the harsh dictatorship of Hoxha would almost guarantee that any kind of self employment or investing (other than the corruption that was rife in Albanian society under Communism) would result in criminal penalties (usually concentration camps or harsh prisons).
However, it is also clear that the scammers took advantage of basic human nature as well. The scammers and con artists took advantage of peoples' desire to get something for nothing, or in this case, to try and get a large rate of return for little money. This is the basic "pitch" of all con artists and fraudsters, but it found easy marks in a country like Albania.
As always, have a great and fraud free day.
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