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
-
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
-
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
© 2010 Created by Spacemen Labs LLC.
