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FIB - Scams 101 - Ye Olde Archives
Posted By: Dennis Bevers <email@example.com> In Response To: Re: 123dailypro - Most likely 12DailyPro (Dennis Bevers)
Sunday, 15 January 2006, at 2:50 a.m.
In Response To: Re: 123dailypro - Most likely 12DailyPro (Dennis Bevers)
> Major Red Flags.
> #1 Red Flag. Anytime anyone guarantees you a high interest rate it's a
> huge Red Fla. The small amounts of money they could generate from
> delivering traffic to various sites is small in comparison to the amount
> they would be paying the surfers.
Here's the where they get the 12DailyPro name. They claim that they pay you 12% return on whatever amount you have deposited (I'm sure there is a cap, as they mention upgrades!)
To get the 12% daily interest rate, you are supposed to surf 12 sites daily, which can be done is 15 minutes or less. (I read one claim where they let their computer on autosurf and visited up to 30 sites daily for even higher returns.)
Here's the example I pulled off another site:
> "You can buy an upgrade for as little as $6. (Of course you won't make much > on that) Let's say you do $60. You surf 12 pages a day for 12 days and earn > 12% or $7.20 a day. At the end of 12 days it expires and you will have
> $86.40 sent to your Stormpay account. You can "snowball" your earning to
> earn even more. This is not mlm, but you do earn 12% on any upgrades on
> referrals. Pretty neat program. Would I sell my house, quit my job and move > to the mountains??? NO! But hey, 12% is a better return than I get at my
> credit union and it only takes a few minutes a day. And to be honest, it is > no bigger risk than buying stock, mututal fund ect.
If anyone offers to pay you 144% interest for your deposits for 12 days or 360% interest per month, or 4380% annually, just for visiting 12 sites per day, and you think wow, I can make $438,000 just by deposting $100 in a StormPay account and visiting 12 sites per day for the next 365 days, lookout.
Those are the numbers, and the recruiters are claiming results.
If it looks like a Ponzi, walks like a Ponzi, and stinks like a Ponzi, it most likely is!
Those getting in early, with or w/o recruiting others, are banking on getting their investment out quick, and then generating all the profits they can at the expense of those who will lose when it finally collapses (and it will!)
I learned it does pay affiliates to recruit.
Ponzis ALWAYS feed the greed factor. (Ever here of Enron - Those employees who lost it all, kept most or all of the annual stock bonuses in Enron, even though they could sell some every year. Feeding the greed with the high interest rates, enticed even people who knew better to keep all of their eggs in the Enron basket.)
I wouldn't touch this with a 12-foot pole.
And I sure wouldn't want to encourage others to invest their money at rates that far exceen US usury laws.
My home-based bizopp alternative to getting a job.
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