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FIB - Scams 101 - Ye Olde Archives
Posted By: Dave Mauder (eDave) <dave@NOSPAMmauder.com> In Response To: Where Does The Money Come From?? (Terry L. Nibbe)
Monday, 20 June 2005, at 11:16 a.m.
The problem is that DX keeps getting compared to money doubles, triplers, matrix systems, HYIP's and a host of other scams.
The SERVICE that DXInOne provides is "ecurrency exchange". For those of you (like The Tim) who are bit slower than others, this is when a person has money in one ecurrency and needs to exchange it for another ecurrency. This is also very similar to traveling overseas and having to exchange US dollars into some other currency so you can transact business. You go into a bank or other business that does currency exchanges, and YOU PAY A FEE for making the swap.
There are a bunch of other ecurrency exchangers out there. Oddly, nobody seems to be questioning or investigating these. Here are just a few:
http://www.thebullionexchange.com/
http://www.electrumx.com/
https://www.goldex.net/
I'm sorry you lost money in Stock Generation, but that was clearly a scam. You even said it -- IMAGINARY COMPANIES. ;-) I'm certainly not foolish enough to believe that DXInOne.com will continue to do business forever, but it's very easy to understand the service they are providing today. If you look at their website and read about the new system, you'll see they are also getting into advertising/marketing, online auctions, and a couple other things.
Dave
> What is the product or service that is generating the money to be paid out
> to all these people?
> A couple of years ago, I invested $500.00 in Stock Generation (I think
> that's what it was called). It was a system of buying and selling stock
> from imaginary companies. In a short period of time, my investment
> doubled--then tripled--then quadrupled---then, all of a sudden the url
> didn't work anymore.
> Luckily, I was stupid. I sent my $500.00 to this off shore company using a
> US money order instead of an international money order. They sent my money
> order back before it all folded. Of course, I lost the THOUSANDS in
> profits.
> Terry
Make Money, Get Out of Debt and Enjoy Life!
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