Is there such a thing as truly "unregulated" here? What I mean is - pyramid schemes are illegal irrespective of the mechanism, so there's always _some_ basic regulation for these things.
I feel pyramid schemes are just a special kind of pump-and-dump scheme, and I don't understand how these aren't being punished effectively and swiftly by the existing laws and enforcement agencies...
Unregulated means that it isn't presented to the regulating authorities, not only is it not submitted for approval to the SEC or the Argentina equivalent (CNV), but it wasn't even submitted for chartering as an LLC (SRL) or Corp (SA) in any Argentina Jurisdiction.
