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FIB - Scams 101 - Ye Olde Archives
Posted By: Bill Banders
Wednesday, 9 March 2005, at 11:45 a.m.
I feel it is time for me to speak up, and state some facts about this program. I have a friend who has fallen into the Emerald Passport pit. He continues to invest money, but does not have the initiative or salesman skills to sell this. I have done a lot of research, and here are some events you should know about before investing in this.
1) My friend received an email, stating that he could make 1 million dollars in 6 months.
2) He investigated and found out it was Emerald Passport.
3) He contacted me, and asked me to look at it, and after I researched, I told him it appeared to be a pyramid to which he took the defensive, and said their product was webucation.
4) He showed me the slide show, and showed me how they had been featured in Forbes magazine.
5) He invested $1395 to become a distrubtor.
6) He paid for bulk email, and when I asked him how that went, he told me that they had given him old emails, and he had to re-invest in new ones.
7) He got leads, and spent hours on the phone, but to this date has no sales.
8) His bulk email said the same thing that he received, that you can make $1,000,00 in 6 months. To this date, he has made nothing.
9) I asked my friend to find out why they don't post phone numbers, and his distributor (after research) came back and said it was because they would receive too many calls, because it is such a good product! (Makes you wonder!!)
Now here is some discussion.
Firstly, Forbes magazine does NOT say anything about Emerald Passport, it simply talks about webucation.
Emerald Passport does NOT offer webucation to the public, it wants to sell distributorships to feed the pyramid.
Checks to distributors are sent via third party couriers instead of by U.S. Mail. Why? Because if this is ever determined to be a pyramid, then it is illegal, and all those compensated would be guilty of MailFraud.
The company is incorpated out of Panama, thus sheltering itself form United States Regulations. (at least they think).
Each person that sends emails, lies about how much they are making, as he did, and these emails are unsolicited emails, which are spam, which are illegal.
This company preys off of innocent people.
My friend is to embarressed to admit to a failure.
I know people are making money, because you can sell anything over the net, even illegal scams.
Now I am curious what response we will receive from this.
You know the truth is that all pyramids eventually break down. Those people that are telling you they are making millions are telling LIES to keep the pyramid going.
End of Discussion.
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