Carl Posted October 29, 2008 Author Share Posted October 29, 2008 A mate of time has done one of these, Sounds the same as your one. A mate of his has put in his 3k and he did get 11k back. So now my mate and 4 of his mates have all put in 3k each. But the Pyramid has to come to an end some time, I havn't seen him for a long time, He probs won't see his money again. He said something about it being run through a charity so it wasn't illegal. This sounds the same. The outcome I imagine will also be inevitable. Quote Link to comment Share on other sites More sharing options...
Ian R Posted October 29, 2008 Share Posted October 29, 2008 Carl mate I have £100k that is sat in my bank account in nigeria I will pay you 10k if you will allow me to transfer it into your account once the cheque has cleared I all you need to do is pay the £90k into my UK account. All you have to do is sign legal documents at my lawyers the legal fee payable is only £3k so you will clear £7k profit for little work. I made my fortune trading in underwater hairdryers. Please contact my at [email protected] Quote Link to comment Share on other sites More sharing options...
Mike Posted October 29, 2008 Share Posted October 29, 2008 That's classic Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted October 29, 2008 Share Posted October 29, 2008 its the oldest trick in the book. pure and utter fraud! honest people getting robbed of there money due to their greed for the money. there has never ever been a legit one and its been illegal for years and years! my advise stay clear away. Quote Link to comment Share on other sites More sharing options...
Thorin Posted October 30, 2008 Share Posted October 30, 2008 It's not a pyramid scheme, it's an inverse funnel scheme, or so that spam in my inbox said. Quote Link to comment Share on other sites More sharing options...
JustGav Posted October 30, 2008 Share Posted October 30, 2008 Simpson's episode He [Homer] then works at the Pitiless Pup Attack Dog School, but not for long. Next, he attends a `Million$ for Nothing’ seminar. First, let me assure you that this is not one of those shady pyramid schemes you’ve been hearing about. No sir. Our model is the trapezoid! – Shady seminar speaker at `Million$ for Nothing’ http://davesrants.com/wp-content/uploads/2006/03/trapezoid.thumbnail.jpg Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted October 30, 2008 Share Posted October 30, 2008 Pyramid Scheme = Illegal A similar scheme brought the Albanian government to its knees in the 90's. Avoid! Multi-level Marketing Scheme = Legal (Avon, Kleeneze, Ann Summers) If you have a product to sell, and no money/shop front to sell it in, then 'recruiting' people by way of commission on the products sold to the public etc. This is a popular scheme in America. Normally they start by buying a selection of products from your sponsor, then selling them on, and by also 'recruiting' other peeps also to sell and recruit. You then get paid for the products you sell and the share of commission that your 'recruitees' also sell/recruit on each level under you (until maybe 5 levels deep etc). The idea works, but so many people are sceptical, and normally the products are just a vehicle for the commission, so aren't normally of any real worth. I was involved in quite a few of these back in the 90's with an ex-girlfriend's father. He was 100% committed to them, but then he was a very rich man, and liked them as a hobby. Luckily I got out when I realised that recruiting people was a lot harder than it was worth. HTH Quote Link to comment Share on other sites More sharing options...
Ewen Posted October 30, 2008 Share Posted October 30, 2008 Amway for the win. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted October 30, 2008 Share Posted October 30, 2008 You also tend to find that friends and family don't look forward to your visits, as they are primary 'targets' for your first level. Have fun! Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 30, 2008 Share Posted October 30, 2008 I think Carl knows it's a loser now, but unless I've missed it no-one's actually explained the maths or logic behind why it's a loser (and hence why they've been made illegal). We all know we can't generally get something for nothing, but sometimes the catch is very hard to spot. I've had a quick think to properly identify the catch: I'm not sure, but I think it's because the triangles (or pyramids, call them what you will) will need to grow exponentially in order to keep going. Although each triangle will only have 4 layers at a time, new layers will keep getting added at the bottom. If each person recuited needs to find another 2 people, the size of people introduced into the triangle will grow exponentially, and this is unsustainable. All well and good, so demand will dry up when too many people have been introduced into the triangles, but what's the problem with that? I'm guessing here, but I imagine one of the problems is that there's no way of knowing who's already been suckered into a triangle before you join yourself. If you ask people who haven't yet joined, they would (probably) try to join before you and try to recruit you as the layer below them. We're saying that the triangle/pyramid can't go on forever. Big deal. All products/services have a finite (as opposed to infinite) demand associated with them. But the difference I see here is that someone could tell if their product or service has saturated all the demand for it. If I invented a brilliant new type of underwear, then I would know when my product has reached satuation point when everyone I come across owns the underwear and sales slow down. In a pyramid scheme where it's simply money changing hands for its own sake, there's no way of knowing when you're joining the pryamid at the bottom of a saturated market. I'm guessing that it's for this reason that it's illegal. Hope that helps. Quote Link to comment Share on other sites More sharing options...
Firestorm Posted October 30, 2008 Share Posted October 30, 2008 i just can't understand why people can be so stupid to throw that away. Spend 3k on parts for your car.. or better yet give it to me and il go spend it for you. Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 30, 2008 Share Posted October 30, 2008 i just can't understand why people can be so stupid to throw that away. Spend 3k on parts for your car.. or better yet give it to me and il go spend it for you. Easy to say when you know it's a scam. But these scams are cleverly dressed sometimes. It's the promise of something for nothing, and not being able to see the catch: that's what drives people to do it. Hardly the same thing, but I find it amazing that people (yes, I admit it, me included!) play the national lottery. I think it's been calculated by bored number-crunchers that you're more likely to have an aeroplane crash into your home 11 times (presumably not the same plane!) than win the jackpot. But people still play, some with lots of lines per week. Have these people sorted out their pensions and savings before "wasting" their money on this? Food for thought... Quote Link to comment Share on other sites More sharing options...
DaveK Posted October 30, 2008 Share Posted October 30, 2008 Hardly the same thing, but I find it amazing that people (yes, I admit it, me included!) play the national lottery. That's understandable though. You have a Supra and an engagement ring to buy - you've got to get the money from somewhere! Quote Link to comment Share on other sites More sharing options...
Firestorm Posted October 30, 2008 Share Posted October 30, 2008 i gues your rite. the thought of getting smthing for nothing, no matter how much we know that theres no such thing as a free lunch, we live in hope that getting big payout on a get rich quick scheme is worth the risk. It probably doesnt help that the lottery is there to prove that people get paid millons for a pound game. Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 30, 2008 Share Posted October 30, 2008 That's understandable though. You have a Supra and an engagement ring to buy - you've got to get the money from somewhere! I was hoping Elizabeth Duke could help me with one of those!! Quote Link to comment Share on other sites More sharing options...
ShamelessTT Posted October 30, 2008 Share Posted October 30, 2008 dude, seriously. If this is the first time you've heard of such a scheme, i have a box of very rare, very valueable left-handed screwdrivers and a handful of bubbles for spirit levels here i could flog you, if you'll buy some of my patented snake oil as well. Interested? rofl Quote Link to comment Share on other sites More sharing options...
tbourner Posted October 30, 2008 Share Posted October 30, 2008 MLM is OK, we did Herbalife which was pants as it's bloody difficult to knock on someone's door and say "Do you need to lose weight?" without getting punched in the face. Kleeneze was much better, but required a lot more time than the "Few hours a week" they claim. Anyway, MLM DOES work, and you can make money if you have time and willingness to do it. Pyramid schemes are completely different, don't go near them. Quote Link to comment Share on other sites More sharing options...
Supra-Brett Posted October 30, 2008 Share Posted October 30, 2008 The scourge of the working classes. More like scourge of the brainless idiots. Anyone who falls for this type of scam must have the IQ of an amoeba. How much is it to enter this by the way ? i like the idea of £23000:d send me the details Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 30, 2008 Share Posted October 30, 2008 Thanks, that explains it clearly. Very helpfull. Ill print that off and show my mate this. pah http://www.mkivsupra.net/vbb/showpost.php?p=2159199&postcount=3 ...although in fairness I did add to that post after you'd replied to it. Quote Link to comment Share on other sites More sharing options...
Lbm Posted October 30, 2008 Share Posted October 30, 2008 pah http://www.mkivsupra.net/vbb/showpost.php?p=2159199&postcount=3 ...although in fairness I did add to that post after you'd replied to it. With his attention to detail, he may well make full use of Thorin's Funnel. Quote Link to comment Share on other sites More sharing options...
turbonut Posted October 30, 2008 Share Posted October 30, 2008 Straight from the FSA: http://www.moneymadeclear.fsa.gov.uk/news/scams/chain_letters.html DON'T DO IT!!! Its shocking how many guillable people are out there....sigh.... Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted October 30, 2008 Share Posted October 30, 2008 Its shocking how many guillable people are out there....sigh.... And lots of money to be made! Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted October 30, 2008 Share Posted October 30, 2008 Hardly the same thing, but I find it amazing that people (yes, I admit it, me included!) play the national lottery. I think it's been calculated by bored number-crunchers that you're more likely to have an aeroplane crash into your home 11 times (presumably not the same plane!) than win the jackpot. But people still play, some with lots of lines per week. Have these people sorted out their pensions and savings before "wasting" their money on this? Food for thought... The lottery is 14m to 1. I still hope to win on day - the reason is that as a Poker player I see what some people think as impossible odds happening all the time. To give you an example, at this years World Series of Poker, there was this hand: [YouTube]Cdurs0C8mTM[/YouTube] The odds are 2 billion to 1 of this occuring - yet it still does! Gaz. Quote Link to comment Share on other sites More sharing options...
Lbm Posted October 30, 2008 Share Posted October 30, 2008 The lottery is 14m to 1. I still hope to win on day - the reason is that as a Poker player I see what some people think as impossible odds happening all the time. To give you an example, at this years World Series of Poker, there was this hand: [YouTube]Cdurs0C8mTM[/YouTube] The odds are 2 billion to 1 of this occuring - yet it still does! Gaz. Amazing. As I'm- one part deluded & 2 parts greedy- I usually play the lottery myself. Sometimes the Euromillions on a Friday- 75m to 1. But I usually wait till we're talking 30-40 million jackpot, before I lose my £1.50 If I won, I'd definatley buy everyone on this forum a half Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 30, 2008 Share Posted October 30, 2008 The lottery is 14m to 1. I still hope to win on day - the reason is that as a Poker player I see what some people think as impossible odds happening all the time. That is true. The odds of anyone winning the lottery are 14m to 1. When, at a guess, 30 million lines get played, the chances are good that someone's going to win it (instead of no-one winning it). But the chances that a specific person (e.g. you) winning are incredibly small. Same goes for the poker game. I haven't watched the video but I can guess the sort of thing that happens. These freak events are equally likely to happen to anyone. When it does happen to someone, they (quite rightly) think they're the luckiest person alive. It's unlikely that they'll ever witness such an event again, or that anyone in the same county as them will ever witness the same event. (I'm not saying they're any less likely to see it again than anyone else, that's a common statistical misconception : just that they shouldn't expect to see it again, even if they lived to being 3000 years old or something. ) I can see why people do it though, especially when the stakes are low as in the National Lottery. Quote Link to comment Share on other sites More sharing options...
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