Crimes of Persuasions

Posted in Money Scams |

Maybe we shouldn’t blame on the fresh SPM leavers or even fresh degree holders for falling into money scams and frauds. I would like to believe that most have done it due to the insufficient information or knowledge that they had whilst making the investment decisions.

While it’s not possible to introduce these street-smart information into the national education system, but I hope our younger generations will become more aware and knowledgable by reading up such materials from the internet or books published by the Consumer Association of Penang (www.cap.org.my).

Stop looking for shortcuts (read: cheat codes) in life.

Excerpt from Crime-On-Persuasion…

Because of the similarity in structure to legitimate multi-level marketing plans, which survive by making money off product sales to actual customers, not new recruits, pyramid schemes may occur when you are offered a distributorship or franchise to market a particular product. Your investment contract will also authorize you to sell additional franchises.

For each person you bring into such a company, you receive, or are promised, future monetary rewards or bonuses based on the number of people below you (commonly referred to as a “downline”) which ( and this is the key factor in pyramid schemes ) are unrelated to the sale of the product to consumers. The real profit is earned, not by the sale of the product, but by the sale of new distributorships.

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