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FIB - Scams 101 - Ye Olde Archives
Posted By: Jimbo In Response To: Team Forming (Wil Peterson)
Friday, 7 April 2006, at 5:26 p.m.
> I would like to know if anybody is in agreement with our idea. We are a
> group of investors that try anything once including biz-ops, chains,
> gifting, MLM, etc. Once their is viable return that can be mesured to our
> investment we let the others in our team know.
At this point it kinda sounds like another "let's build a team!" effort, recruiting the desperate. The members are then relying on your not getting them involved in things that will lose them money.
Here's the problem I see:
> The first RULE is:
> (etc, etc... list of rules chopped out for brevity.)
> The fifth RULE is:
> What is their ad campaign plan. Does it make sense. Is there enough of a
> NEED for the product or service.
You can find businesses that follow all that (Seasilver, to name one that got hit by the Attorney General) and STILL end up with products that the membership can't sell. Like MaaMaw, I don't want to get involved in anything that requires me to do some selling (I'll stick with services and investing, thanks.) There's no guarantee that you won't get involved in a legitimate MLM; the kind that would be completely useless to me.
Or what if you offer something like "gemtastic" (which your name seems to be associated with) -- where you promote the idea that people unfamiliar with the gemstone business can become wealthy by selling synthetic gemstones (unless you have an existing gem business (where you could, by the way, get these for much cheaper) you will have problems unloading them, folks. They aren't investment grade stones)?
> These are what we found to be essential to any investment. Our group plan
> is to create (now forming) a team called The International Wealth Builders
> Club that will look out for viable offer or create viable offers for it's
Maybe it's just me, but isn't there already something called "international Wealth Builders" run out of Toronto http://www.iwbseminars.com/disclaimersign.htm?
I think this is just a thinly disguised ad for his business.
An excellent Texas business school
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