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FIB - Scams 101 - Ye Olde Archives
Posted By: Dennis Bevers <bassco2@bellsouth.net> In Response To: Actually, it's an old concept and doesn't work. (Mel. White)
Sunday, 15 January 2006, at 12:15 p.m.
> It really doesn't work.
Except as a Ponzi. With paying upgrade rates to those who recruit more investors (suckers and victims), it will pay some of the early promoters outlandish interest rates, until the pyramid collapses under it own weight or the weight of the FTC inspectors and inspectors from other companies.
I don't think I'd want to be at the big convention they have scheduled in the US this Feb. or March. If it even lasts that long.
Even the exchanges that delivered click-through visitors in exchange for you surfing their sites couldn't make it work. And they were paying in traffic that wasn't costing them big bucks.
12% interest daily is 360% in a 30 day month. Usury laws kick in at 36% annual interest rate in the US.
Dennis Bevers
My home-based bizopp alternative to getting a job.
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