Original Article from Lou Abbot of MLM The Whole Truth The news behind the August 17th SEC closure of Zeek Rewards was the worst news for our industry that I have seen in my now 15 year career as a Network Marketing professional. Let’s at least all learn some lessons from the events. I invite you to consider two new posts at the site: Are …
by louabbott on August 30, 2012 Final thoughts and important lessons on the closing of ZeekRewards From time to time a subscriber to this site will post a comment something like this, “Why all this talk about pyramids and Ponzi’s on your site? Everyone knows the difference!” Ponzi schemes are illegal… Well, obviously NOT! And it contributes significantly to the single largest challenge that all …
Late July 2012… I was called by a ‘really good friend’ who wanted me to join ZeekRewards.com (Zeek) as a way to make ‘easy money’ and that they had calculated a compound formula that would double my money every so many days… I said it sounded like a “Ponzi Scheme” (where they incoming money pays for the ‘commissions’) I was told that it was legal …
SEC Shuts Down Zeek Rewards – $600 Million Online Pyramid and Ponzi Scheme Read More »
There comes a time when we are all sucked into a scam of some sort. Unfortunately we are occasionally conned by the (apparently) valid arguments. Our interest allows us to click away to learn of the amazing money makeing “schems” . Many ARE valid but sadly most are not. THey are simply ther to cream info about our finances or identity from our computers for …
Source: SiteProNews.com – 17/05/2011 Merriam-Webster defines a myth as “a usually traditional story of ostensibly historical events that serves to unfold part of the world view of a people or explain a practice, belief, or natural phenomenon.” It’s been said all myths are based in fact. Whether or not that’s true is debatable. What isn’t debatable, however, is like society, Internet Marketing also has its …
Source: itNews Comment: Don’t fall for dodgy ‘support’ calls. On Friday I experienced first-hand the methods by which scammers are attempting to dupe Australians into paying for software to remotely “fix” computers that just ain’t broke. The call came through to my home office via VoIP, and while I was in no way fooled by the scam, I could well imagine the less computer literate …
Amway agrees to pay $56 million, settle case alleging it operates a ‘pyramid scheme’ Source: Mlive.com Update: Lawyers say their $20 million payment is fair for $100 million settlement in Amway pyramid scheme lawsuit ADA TOWNSHIP — Amway this morning announced a deal to pay $34 million in cash and provide $22 million worth of products to settle a 2007 class-action suit alleging the company …
Amway agrees to pay $56 million, settle case alleging it operates a ‘pyramid scheme’ Read More »
Got this one today… If YOU get something like this (especially if it is unsolicited) then DELETE IT and don NOT click any links. It is PHISHING for your passwords. (I have broken the links in this example for your safety…) ———————– Sample Phishing Email —————————— Subject: Reset your triustech.net password Hello, info@triustech.net. We received your request to reset your triustech.net password. To confirm your …
Email Phishing Alert – Reset Your Password (NOT!) Read More »
There is a Welcome to YouTube (confirmation) email going around that sends people to a bogus site (http:// sonda. co. kr / index2.html – do not click it if you are unprotected) which has nothing to do with YouTube. Everything else on the email LOOKS like it is legit… but it is NOT! If you did NOT subscribe then DELETE THE EMAIL IMMEDIATELY! Do NOT click …
Legal discussion on What Defines a Pyramid Scheme. 100305-DRA-legal