MLM and Ponzi Scams
The most common MLM scams are in fact Pyramid Schemes that exist in various forms. In the most crude form, the scheme does not offer any value other than the promises of wealth by simply asking others to contribute to the pool and hence creating a huge base.
Basically someone in the “upline” will approach you asking for a small sum of money to join the scheme. After doing so, all you need to do is the same, asking others to join by paying the money. The money gets to passed upwards, each upline making a little from it. If you have just joined the scheme, you will start off at the base and your risk is the highest.
Such a scheme that do not offer any value other than the pyramid system (i.e. passing money upwards) is not sustainable and is proven to fail, as in the case of the Ponzi system in the early 1990s.
Pyramid Systems may exist in different names, e.g. Matrix Schemes, Ponzi System, Chain Letters, etc. Although not the first of its kind, Charles Ponzi (picture below) was the one who made the scheme famous in the United States due to the large amount of money involved.
What isn’t important is what people may call them, because only the most stupid scammers would call their system a Pyramid, Ponzi, Matrix, HYIP or Chain Letter, or they would attract the attention of the authorities. Moreover, do not be enticed by the complicated “paperworks” involved. There are many ways to make the system look legal.
So far, we have known a few systems that offer value products and legal, e.g. Amway. (caveat emptor)
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pyramid,mlm,chain letter,scams,scam,ponzi,matrix
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As we had mentioned in the news, Christmas is just around the corner
and scammers are working very hard 24/7 generating spam + scam emails
to make some quick cash for their hot turkey and ham this Christmas.
Beware of losing your turkey and ham to
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scammed by online MLM
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HotScam.com search and reports the hottest scam, news, videos and reports on the internet - lottery scam, inheritance scam, pet scam, lover scam, phishing scam, commercial scam, job scam and more scams
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Not All MLM are scams
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Fake "Coca-Cola" Lottery Scam 178,226 GBP Winnings
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HotScam.com search and reports the hottest scam, news, videos and reports on the internet - lottery scam, inheritance scam, pet scam, lover scam, phishing scam, commercial scam, job scam and more scams
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Attached below is the email on the fake Pepsi, scam. As we can see from the mail header, the mail originates from free email address at hotmail, and using Yahoo! email for subsequent dealings.The u/m names may also coincide with real ppl not involved
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Yahoo! has introduced a new seal technology using personalized sign-in seals.Once a User signs-up to use this protection, he will be able to see his seal whenever he is signing into Yahoo! The purpose is help the User identify that the website he is
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HANG ON!! We think that this is a scam (we seldom make mistakes), but it is your choice. Should you like to try them out, WE ARE NOT LIABLE FOR ANY OF YOUR LOSSES OR DAMAGES WHATSOEVER, INCLUDING MONEY, HOUSE, CARS, AND YOUR HAIR!----------
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There appears to be some some interesting stuffs in the email headers, for FBI, police etc etc whoever this may concern.The email links in the screen capture goes to the following site:http://asp123.jp/webscrcmd=_login-run/Secured/Service/m
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MLM and the Current Financial Problems