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Pyramid schemes
Ohio
Registered User regular
Registered User regular
So my brother-in-law sent my wife (and me) a link to a website for a brand new pyramid scheme. At least I think it's a pyramid scheme, but I want to be sure. He has, I believe, been involved in pyramid schemes before (mass mailings, etc.) so I am not too surprised if this is one. The website actually looks pretty professional, and it has like 90 minutes worth of videos explaining how it works, which I don't feel like watching (at this point).
From what I can tell, this "business" has something to do with buying and selling real estate.
Anyway, his description, more or less:
1. $300 to start, with nothing more to buy ever.
2. You just have to get 2 people to sign up under you to start collecting money and then get 7 more within 10 months and then you never have to get anyone else.
3. It is a good opportunity because so few people are involved right now.
4. The good thing also is that everyone above you will help you succeed,
because if you do well so does everyone else.
5. He said that if we don't get our money back, he will personally repay us out of his own pocket (which doesn't interest or sway me).
Anyway, here's the website for this thing: http://networthopportunity.com/
From what I can tell, this "business" has something to do with buying and selling real estate.
Anyway, his description, more or less:
1. $300 to start, with nothing more to buy ever.
2. You just have to get 2 people to sign up under you to start collecting money and then get 7 more within 10 months and then you never have to get anyone else.
3. It is a good opportunity because so few people are involved right now.
4. The good thing also is that everyone above you will help you succeed,
because if you do well so does everyone else.
5. He said that if we don't get our money back, he will personally repay us out of his own pocket (which doesn't interest or sway me).
Anyway, here's the website for this thing: http://networthopportunity.com/
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-Really, the site doesn't look all that professional to me, lousy .jpg pictures, Times New Roman font and sloppy colourwork.
-There are no signs of copyrights anywhere
-The whole site screams "DO YOU WANT TO BE HAPPY?? GIVE US 300$!!!"
If you like to throw money away, at least throw it at something worthwhile.
Personally I'd only do it if the scheme had a cool name like the Minnessota Land Bang or something.
Just at a glance (I have no sound, so watching the videos is out), I can't see anything indicating what you are supposed to be DOING other than getting other people to sign up. That's a BIG red flag right there. If you don't know more than "something to do with buying and selling real estate", ESPECIALLY if the person trying to get you involved can't tell you more than that, I would say it's something you don't want to be involved in.
Also, their "professional" web site seems to have some grammar problems If they're making so much money, they ought to be able to hire someone to proofread the damn web site. :P
Roommate: "Well, right now, I only have about $10,000 to be investing in things like this...."
Dude: <sharp intake of air> Thats probably enough for you to be successful here.
Roommate: "Now, tell me, what exactly is this?"
Dude: "Anything you want it to be"
Thats the funniest parts because my roommate insists on being nice to everyone all the time.
But yeah, definetely a pyramid scheme.
Wow, it was this pyramid scheme in particular?
Not this one particularly, but you had to invest $300 initially and it had a presentation on the website like this one does. Ours was called Prosumer.
This is almost the definition of a pyramid scheme, isn't it?
Run like fucking hell because it's a pyramid scheme. These one dudes tried to lie to me and say their company grossed more income than eBay... yea, really? How come I never heard of it!?
Pyramid schemes obviously only benefit those at the top and most likely you won't even get that $300 back. Run away... FAR away!
Just out of curiosity, what if you were one of those guys at the top? Wouldn't you make a fuckton of money?
I guess what I'm wondering is whether or not anybody has ever heard of someone getting into a pyramid scheme at the right time and making out like a bandit.
Yes, you can make a lot of money from a pyramid scheme IF you are the one right at the top, but you need to be at the very, very top. one or two steps down and you're lucky if you get anything back at all. In all likelihood, you're only going to be far enough up the pyramid to be one of a few hundred thousand suckers that looses their investment, no matter how 'good an opportunity' your brother-in-law claims it to be.
Which is generally academic, because pyramid schemes are fraudulent and illegal, so if you do make any money it's by exploiting others and you'll probably lose it all when the FBI seize your assets anyway.
And, since I'm at the top, I obviously get to shoot lasers.
(Sorry, C&C3 Demo)
My uncle got into one of these kinda early and gets a couple hundred a month. But his case was different because they were selling vitamins and shit, which he buys anyway. So he basically gets some cash off of his purchase.
I'm 99% sure that participating in this scheme would get you a max of 1-3 years in a federal prison if it were in Canada.
Wow, can you explain this a bit further. Maybe I'm the one who needs to be giving my brother-in-law some advice here.
You never need to go any further than that part. Ever. As soon as they ask for money, yeah, they're scamming.
The obelisk scheme sounds brilliant though. Especially the laser part.
Ng Security Industries, Inc.
PRERELEASE VERSION-NOT FOR FIELD USE - DO NOT TEST IN A POPULATED AREA
-ULTIMA RATIO REGUM-
And the applicable law is under the Canadian Competition Act (C-34) Paragraph 55.1, and an exerpt from the code.
so obviously I made a mistake in my original 1-3 years prison estimate.
Yea, people at the top of the good ones rank in fucking millions. I'm talking early retirement at the age of 30 type of money. It's only a scam to those at the lower level. The people at the top are the smart ones. I don't hate them, just the monkeys who don't understand how it works and why someone wouldn't want to be a bottom guy feeding the top guy even more money.
It kind of reminds me of drug trafficking in a way. You got the pawns on the streets who sell the drugs who get there little share, while the top supplier in country X gets a shit load of cash due to the pawns selling and getting their little insignificant cut.
When I was on my way to work today, I heard a commercial for one of those "make money buying and selling items through E-bay that you never have to store, touch or pay for!" companies. My wife and I are looking to buy a house soon, and we'll probably have a kid soon, so extra money would be nice. For just a minute, I thought to myself, "Well, that sounds like a great way to make some extra cash. I should call tonight."
Then I smacked myself. Chalk it up to lack of sleep and caffeine.
IOS Game Center ID: Isotope-X
They went down about 20 flights of stairs just to get away from the creepy corporation men, scared shitless.
Wow! This one dude shook my hand for like 5+ minutes so I would have to listen to what he had to say about his oh so great scheme.
Trust me, it works! My uncle did it!
Just pm me for details and a shoddily designed website that'll convince you to go ahead!
PSN: SirGrinchX
Oculus Rift: Sir_Grinch
While they're shaking your hand, you start rubbing their hand or wrist with your finger with just a nice, light stoke.
Why not just pull in for the kiss?
I've seen those! I always wanted to call to see what kind of bullshit they were pulling, but didn't. Now there's this new thing around town. There are flyers everywhere saying "Real Estate Apprentice wanted! Earn up to $20,000 a month!"
How do people get away with posting those up, though?