Download GIF - Animated Aeroplane Free Photo
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 Photo is a part of Airplanes Category in Vehicles Folder. Animated Aeroplane Free Photo has a Resolution of 162x162 Pixels. Animated Aeroplane Free Photo is of .gif (Graphics Interchange Format) Format. It's Size is 24.4KB. This GIF has been Downloaded 77 times till now. Animated Aeroplane Free Photo was Added on 15-06-2023. Download Animated Aeroplane Free Photo by clicking the button below:
Image Name: Animated Aeroplane Free Photo
Image Category: Vehicles / Airplanes
Date Added: 15-06-2023
Resolution: 162x162
Format: GIF
Downloads: 77
Views: 197
Size: 24.4KB