Success University, founded in January 2005 by Matt Morris, is a

privately held company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

based in

Dallas, Texas Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County w ...

. It has also been identified as a

pyramid scheme A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly im ...

. Success University does not employ any professors and does not have any premises; instead members are offered online courses on topics such as success in business, or physical wellbeing. Members have to pay an introduction fee, and are then encouraged to invite other people to join in exchange for a part of the benefits. According to a study by the

Bank of Namibia The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek. The Bank of Namibia was established in 1990 by the ''Bank of Nam ...

, Success University presents the features of a pyramid scheme, and they have estimated that about 88% percent of participants eventually make losses, with only a minority—at the top of the pyramid—making benefits. Namibia declared Success University illegal in 2008. Ketan Hirani and Kalpesh Patel introduced the scheme in London in January 2008. Prior to Success University, they have also been involved with several other pyramid schemes run by Robert Fitzpatrick and Gurdeep Singh, including the Omi Club, VIP and MLI schemes. Hirani and Patel have been banned from the

University College London , mottoeng = Let all come who by merit deserve the most reward , established = , type = Public research university , endowment = £143 million (2020) , budget = ...

campus, following a speech there about Success University.

References

Pyramid and Ponzi schemes Educational institutions established in 2005 Multi-level marketing companies Education companies established in 2005 Privately held companies based in Texas {{education-stub