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The airplane game, also known as the Plane Game, was a style of pyramid scheme in the 1980s first active in North America and then in Western Europe. The common version of the system involved joining an 'airplane' by paying a 'pilot' to become one of eight 'passengers'. Passengers started at the fourth step from being paid. Already on the airplane were four 'flight attendants' who were a step ahead, and two 'co-pilots' next in line behind the pilot. Once a pilot collected $12, 000 from passengers to retire, the group split into two 'airplanes', with each co-pilot becoming the pilot of the new airplane, taking half the participants and promoting everyone a level. Bringing in new passengers sped up everyone's progression towards retiring as a pilot. However, the structure of the scheme results in a participant losing the entire payment unless 14 new participants join. The scheme had spread from New York to Texas to California then South Florida by early 1987, with police raiding meetings in all four states, and reports of more airplane schemes operating in Dallas. In Dade County, Florida, at least one recruiting session was reported with 1, 000 attendees. Though common versions at the time required passengers to pay $1, 500 to receive $12, 000 as a pilot, some airplanes were being run with $5, 000 passengers and a $40, 000 pilot payout. The scheme has also gone by the names Concorde and Golden Galaxy with similar names for the steps. Cash Club, Victoria operated in the same way but with different amounts and the steps renamed to 'club member', 'committee member', 'vice-president', and 'president'.

This GIF Bitmap Image Animated Aeroplane Free GIF HQ is a part of Airplanes Category in Vehicles Folder. Animated Aeroplane Free GIF HQ has a Resolution of 180x135 Pixels. Animated Aeroplane Free GIF HQ is of .gif (Graphics Interchange Format) Format. It's Size is 146.5KB. This GIF has been Downloaded 98 times till now. Animated Aeroplane Free GIF HQ was Added on 12-09-2021. Download Animated Aeroplane Free GIF HQ by clicking the button below:

Image Name: Animated Aeroplane Free GIF HQ
Image Category: Vehicles / Airplanes
Date Added: 12-09-2021
Resolution: 180x135

Format: GIF
Downloads: 98
Views: 139
Size: 146.5KB

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