I worked in a fish market for many years, and the story I was told on why it got the name of fake lobster (or poor man’s lobster as I heard it called) is because it has a similar texture and its mild flavor allows it to take on stronger flavors it’s cooked with - like lobster. So you take a bunch of monkfish and cook it with some lobster, and now you’ve got a bunch of lobster meat. I’ve also had it wrapped in prosciutto, and that was very good.
Yep, they literally cannot work any other way than as a ponzi scheme. Because the people “earning” want to take more money out of the system than they put in, and the company is taking money out as well just to keep the game running and the employees paid, as well as to make a profit. So you need substantially more suckers buying into the system than the money that is being paid out.
Eventually, somebody is gonna be left holding an empty bag.