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FIB - Scams 101 - Ye Olde Archives
Posted By: Dennis Bevers <bassco2@bellsouth.net>
Monday, 25 July 2005, at 4:53 p.m.
For the sake of any newbie who might be naive enough to fall for this tired old pyramid scam, don't believe it.
> NOTE: This service is 100% "Illegal"!!!
> - (Refer to title 18 section 1302 of the U.S. Postal & lottery laws)
Actually, the chapter they cite, specifically prohibits using the US Mails to participate chain letters where anything more valuble than a recipe is involved. You can be charged, convicted, and possibly spend time in jail for you part in this totally illegal scam.
HOW IT WORKS? When you send out 200 Posts, it is estimated that at
> least 15 people will respond and send you a $1.00. ($15.00) Those 15 will
> Post 200 Posts each and 225 (15x15=225) people send you $1.00 ($225.00)
> Those 225 people Post 200 Posts each and 3,375 (225x15=3375) people send
> you $1.00 ($3,375.00) Those 3,375 post 200 posts each and 50,625
> (3375x15=50625) people send you $1.00 ($50,625.00) Those 50,625 post 200
> posts each and 759,375 (50625x15=759,375) people send you $1.00 ($759,375)
> At this point your name will drop off the list, but so far you have
> received around $800,000.
Bald faced lie. The dropout rate is much higher than the projections indicate, with more dropping out at every level. In addition, many of the scammers who participate follow their less than ethical consciences and skip sending their $6 to the names on the list.
If you actually receive 50 or more of these $1 letters, your local postal inspectors may be informed. In that case, they are apt to call or pay you a visit, warning you about your legal consequences for participation.
Avoid these at all costs, including the newer online/Paypal version. Paypal will suspend any account used for these $6 scams. Check out the rules.
There are seveal legitimate means for earning income online or off.
Dennis Bevers
Real work really works for me and 3500 others
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