Vocabulary
Read and translate new words and expressions using a dictionary.
collapse, participants, the same, money, a pyramid scheme, scheme, money, investors, sky-high returns, people, nothing, products
Try to give them definitions in English.
In pairs in turn make sentences using expressions from the list above.
Pre-Reading task
Scan the text and put in the missing words and expressions from the list above.
Reading
Read and translate the text
Pyramid Schemes
In the classic "pyramid" ……….. (1), participants attempt to make …….. (2) solely by recruiting new ………… (3) into the program. The hallmark of these schemes is the promise of ………….. (4) in a short period of time for doing ……….. (5) other than handing over your money and getting others to do ………(6).The fraudsters behind …………… (7) may go to great lengths to make the program look like a legitimate multi-level marketing program. But despite their claims to have legitimate …………. (8) or services to sell, these fraudsters simply use ………… (9) coming in from new recruits to pay off early stage ……… (10). But eventually the pyramid will …………. (11). At some point the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and many ……….. (12) lose their money. The chart below shows how pyramid schemes can become impossible to sustain:
Work with the text
Divide the text into 4 paragraphs.
Make a plan of the text and analyze the diagram.
Prepare for presenting the ideas of the text to another group.
Make dialogues in pairs or groups (using as many terms connected with the topic as possible.) The idea of the dialogue is: One participant is a promoter of a Pyramid and the other is someone being recruited, who doesn’t want to participate in this business. Prepare, train and read aloud.
Translate from Russian into English:
Мошенники пирамиды могут зайти далеко ради того, чтобы она выглядела как законный план сетевого маркетинга.
Эти мошенники просто используют доходы от новых сотрудников, которых нанимают на первую ступень пирамиды.
Но на самом деле пирамида непременно разрушится и вкладчики потеряют свои вложения.
UNIT 3
Lead in
Can you summarize the ideas on the topic about Multilevel Marketing & Pyramiding?
Would you like to join Multilevel Marketing or Pyramid?
Why/ Why not?
What precautions against getting into illegal Pyramid do you know?
Discussion
Continue filling in the table. Share your ideas in groups of three.
things I know now about Multilevel Marketing & Pyramiding? |
things I still don't know about Multilevel Marketing & Pyramiding? |
things I'm still not sure about Multilevel Marketing & Pyramiding? |
1 2 3 |
1 2 3 |
1 2 3 |
Vocabulary
Read and translate new words and expressions using a dictionary.
evidence, products, advice, pyramiding, money, commissions, expensive, collapse, miracle, time, distributors, recruits, legal, illegal, sign
Try to give them definitions in English.
In pairs in turn make sentences using expressions from the list above.
Pre-Reading task
Scan the text “Multilevel Marketing Plans” and put in the missing words and expressions from the list above.
Reading
Read and translate the text