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Michael Green's 'How To' Forum
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Re: What Is and Isn't A pyramid Scam - a SIMPLE definition
Posted By: john woodworth In Response To: What Is and Isn't A pyramid Scam - a SIMPLE definition (Jon Andersen)
Date: Friday, 9 July 2004, at 5:11 p.m.
Hello Jon,
Thank you for your well thought out posting.
The YMMSS process is confounding to many, which I believe is primarily reactionary in nature. It just takes a while to 'sink in.'
> If the advertising in question is only promoting YMMSS then you're
> involved in a scam.Yes, I would agree with that. However, the YMMSS advertising venue provided has attracted folks hawking everything from Internet business programs to backhoe services. I've even seen real estate listings on the ad lists.
The only advertising you will see for the the YMMSS opportunity itself is through gateway or landing pages. The vast majority of members signed up, and are continuing to sign through word of mouth.
Again, these lists are active, and the response rate is far greater than one would find through many other advertising methods employed on the Internet.
We purchase goods and services from one another, when applicable, and not one person has left the company since joining.Good luck with your blog, Jon.
Best Regards,
John Woodworth
> All,
> I know I am new to this forum, so a little background if I may.
> I have rummaged around on the net since about 1995. I have been actively
> collecting and learning what I can about internet scams since 1999, but
> since my wife got laid off 2 years ago and we had to look for other ways
> of getting money and I have been exposed to most of the variations of
> scams out there.> Pyramid schemes are the most misunderstood scam of them all. Don't get me
> wrong, they are illegal, but it is not the SHAPE of the organisation that
> is illegal. If it was, then most privately owned companies with one owner
> would be illegal!> A money making scheme ( pyramid or not ) is illegal if the only way to
> earn an income from the scheme is to sign up others to do the same thing.
> Resell rights ebooks are borderline in fact, but land on the legal side if
> the book provides VALUE.> If there is a PRODUCT involved, like Aloe Vera Sweets or something, and
> you can sell those products to people that are NOT members, then it is not
> a scam, but a decidedly bad idea. If however the focus of the training the
> AloeVera Sweets Co. provides is solely on the recruiting of other AloeVera
> Sweets distributors, then they are venturing into the illegal realms of
> this world.> Also, if a provider in the UK at least fails to provide an earnings and
> recruiting disclaimer, they are in trouble.> So, at least by the UK definition, in order for a scheme to NOT be a
> pyramid scheme, there must be a tangible, valuable product available for
> members to sell to non-members, which should make up a substantial part of
> the income. Selling a membership to a non-member does not constitute a
> product of value.> Hope that makes sense. And I am sorry to say this, legal nuances a side,
> if you have a very different opinion of what an illegal pyramid scheme is,
> you are most likely mistaken I am afraid...> As for this one, I'd reserve my judgement as I have not seen any evidence
> of there being any tangible product available at all.
> If the advertising in question is only promoting YMMSS then you're
> involved in a scam.> The UK department of Trade and Industry publish regular updates and
> educational info on scams here :
> http://www.dti.gov.uk/ccp/scams/recognise.htm#howtorec (howtorec is not
> an MG product by the way, it's a named section of the html file :o) )> Cheers,
> JonP>
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