Newsflash: New trend…pyramid scheme? Life coach/investor etc.

I live in a smaller resort town where a lot of the demographic’s careers are tied to real estate in some way…realtor, lender, title company, etc…things have definitely slowed down since the 2020-22 boom where everyone and their mother decided to get their license, get into flipping, investing etc etc…I’ve noticed a ton of guys in their 30s-40s jump on this whole “team/life coach/christian group/real estate investor/flipper/sales” bandwagon. Their socials are super cringe and when I look up their sales they have like 2 all year and one’s a mobile home. I came across some local guy mid 20s whose Facebook claims he’s CEO of some commercial investment group, 550 units total, $25 mil, public figure, blue check mark, “investor and mentor” he has links to different pages that are literally screaming pyramid schemes. Is this like hey Invest $5k to the pot and after we get 100 dudes to do it this LLC will buy this dilapidated mobile home park and then when we flip it in 2 years you get $10,000 back?Now back in the 2010-2015 era we had those Facebook groups of people selling drinks and health drink/energy shit that got outed fast as pyramid schemes but all this life coach/mentor/investor real estate shit literally is giving me the same vibes. And it seems like it’s these dudes that are all 25-40, that give off super narcissistic vibes, are gym rats, church goers (or claim to be), fancy cars, yet when I look up their shit or what they own locally it’s like nothing. How are these people actually paying the bills or does anyone have any insight to what this is? Is it a last ditch effort to suck the money out of people in the industry before they give up and go back to bartending?