BEWARE: Pyramid Scheme 712-432-1080
I'm surprised that people still fall for Pyramid schemes in this day and age.
From Wikipedia:
A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered.
A successful pyramid scheme combines a fake yet seemingly credible business with a simple-to-understand yet sophisticated-sounding money-making formula. The essential idea is that the mark, Mr. X, makes only one payment. To start earning, Mr. X has to recruit others like him who will also make one payment each. Mr. X gets paid out of receipts from those new recruits. They then go on to recruit others. As each new recruit makes a payment, Mr. X gets a cut. He is thus promised exponential benefits as the ''business'' expands.
Such ''businesses'' seldom involve sales of real products or services to which a money value might be easily attached. However, sometimes the ''payment'' itself may be a non-cash valuable. To enhance credibility, most such scams are well equipped with fake referrals, testimonials, and information. Clearly, the flaw is that there is no end benefit. The money simply travels up the chain. Only the originator (sometimes called the "pharaoh") and a very few at the top levels of the pyramid make significant amounts of money.
Pyramid schemes are illegal in many countries, including the United States.
Please DO NOT sign up for this, I know times are difficult but do you really want to go to jail? and yes people do go to prison for pyramid schemes.
So if you see the 712-432-1080 posted somewhere beware!
From Wikipedia:
A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered.
A successful pyramid scheme combines a fake yet seemingly credible business with a simple-to-understand yet sophisticated-sounding money-making formula. The essential idea is that the mark, Mr. X, makes only one payment. To start earning, Mr. X has to recruit others like him who will also make one payment each. Mr. X gets paid out of receipts from those new recruits. They then go on to recruit others. As each new recruit makes a payment, Mr. X gets a cut. He is thus promised exponential benefits as the ''business'' expands.
Such ''businesses'' seldom involve sales of real products or services to which a money value might be easily attached. However, sometimes the ''payment'' itself may be a non-cash valuable. To enhance credibility, most such scams are well equipped with fake referrals, testimonials, and information. Clearly, the flaw is that there is no end benefit. The money simply travels up the chain. Only the originator (sometimes called the "pharaoh") and a very few at the top levels of the pyramid make significant amounts of money.
Pyramid schemes are illegal in many countries, including the United States.
Please DO NOT sign up for this, I know times are difficult but do you really want to go to jail? and yes people do go to prison for pyramid schemes.
So if you see the 712-432-1080 posted somewhere beware!
Replies to This Discussion
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Permalink Reply by Jake "The Admin" on -
There is more... from the U.S. Securities and Exchange Commission:
http://www.sec.gov/answers/pyramid.htm
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Permalink Reply by Gary Stanullwich on -
Amway works that way.....
When you join, the way you make money. other than sales, is you get a cut of the profits from the
person you just signed up. Part of THEIR money goes into you pocket. And part of your profits goes
into the person's pocket that signed you up
Gary Stanullwich
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Permalink Reply by John Mauratidis on
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I was involved in several pyramid schemes, including DS Max (8 years ago), Excel Communications (7 years ago) and Kirby Vacuums (this past month). DS Max is nothing but leg work in a suit, Excel is a pay-into scheme and then you're screwed, while Kirby is a consignment deal where if you don't sell or sell-out your friends with names and names and names, then you don't get paid. Their $400 a week promise is only if you show the vacuum 15 times, with evidence to back it up, and if you don't sell, you are being lazy and working against the company's credo, which is Get The Money, Forget The People.
Unfortunately, with credit scores being the litmus-test to a person's value nowadays, these schemes will be all who call you up. A sorry state of affairs.
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