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FIB - Scams 101 - Ye Olde Archives
Posted By: The Roadie <wcarton@flash.net> In Response To: Re: YMMSS.ORG ? (john woodworth)
Sunday, 30 January 2005, at 4:14 p.m.
> I joined ymmss in December of 2002, and have watched this organization
> build on the financial and business expertise of its owner, Kim Inman. In
> 2004, the company paid its membership (15,000) just over 60 million
> dollars.
Let's see 60,000,000 divided by 15,000 is $4000 per member. Average. Cool.
And totally unsupported by any independent auditor's paperwork that can be verified. Just a claim made on a web site by a guy who's also involved in a 10 room, 6 cottage scuba resort: http://www.gooddiving.com/
But payments alone mean nothing when you have to "invest" in the program. So how about a testimonial with some meat behind it. How much did you personally invest, and how much did you make as profit when the payments came in. Did you make your $4000? Are you above or below this average? And how much was profit and how much was shuffling.
You see, we're trying to figure out if this is a money-shuffling game where the member's money is just recycled around among the other members, or if *NEW* money ever comes in like from paying advertisers from outside the system.
As far as I can see, the name Kim Inman is not associated with any site devoted to attracting advertisers from outside the YMMSS universe. Please enlighten me if I'm wrong.
Do you regularly see ads from other non-affiliated businesses?
Nope, it's all shuffled money. And shuffled money at some time runs out out of steam.
> Please 'google' ymmss and see if you can find ANY complaints.
It's all explained here:
http://www.matrixwatch.org/forums/printthread.php?t=2032&page=1&pp=10
Seven pages of members starting to figure it out.
> Rather than a FFA or safelist, the aim of the company is to build a highly
> interactive 'safegroup', one in which retail advertisers find a focused
> buying community, and members earn great money in return for their
> participation.
The claimed aim. Everything I've seen makes it indistinguishable from a Ponzi scheme. I'm still waiting for compelling evidence to the contrary. Let me know when you can provide it.
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