Robert of Pyramid Scheme Alert sends me an email with the following excerpts:
One pyramid scheme operating openly in Canada promises a $5,000 commission on a sale of $3,200. It says it can do this because it uses the “perpetual motion” financial system.
A pyramid “bank” in Colombia operated “legally” for a year, promising 70% interest per month.
Several prominent schemes charge $40 for bottles of ordinary fruit juice. They have virtually no customers other than the “salespeople” who are told they must buy a case of the juice monthly and then sign up more “salespeople.”The “gifting” schemes are all over the Internet. They are now so numerous a dedicated website has been published to debunk them. However, the website only gently explains the fraud. Gifting Schemes are just too numerous now to state plainly that they are all illegal frauds. Fewer people can now accept that straightforward truth.
“Matrix” selling (another word for endless chain or pyramid) is advertised as if it were really a legitimate form of selling.
The biggest pyramids have their own trade and lobbying organization disguised as “direct selling.”
American’s largest pyramid selling scheme, Amway, has been banned in China (except as a retail operation or non-MLM direct selling), is being prosecuted for fraud in England, and criminally charged in one large state in India. Yet, in America it runs advertisements on CNN claiming it is a trusted household name, rather than an infamous synonym for scam.
American celebrities Donald Trump and Deepak Chopra are now pitching MLMs. Trump’s scheme charges consumers $499 for the right to recruit other “salespeople” into a phone service scheme. Chopra is hyping yet another miracle fruit juice, spread with endless chain income promises.
You can read more about Robert’s writing at his blog: www.falseprofits.com
When recession hits and as people gets desperate, joining illegal business schemes is somewhat similar to adding oil on fire.
As Seth Godin puts it, resist these temptations.
Yes, you might have the opportunity to make a lot of money, but it won’t be long before you are caught within the crumbling systems. It might not be worth it after all.
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