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SimpleFire100 (November 30, 1999 at 12:00 am)
part 2 - then at the end of that the ppl that was convinced it was a good idea payed, or wrote on a contract to the recruiter thats hs/she was in, where the recruiter member would help get the money from a bank load where they would sit in and help out if needed, and they where thought How to help out and what to say to the bank from the promoters, ex loan to new apartment, new computer, new furniture, w/e worked.
SimpleFire100 (November 30, 1999 at 12:00 am)
i even know it upfront as i had several friends gaining money from this bc they where good to get ppl to enter program, the promoters had big events around the country where the member would take their "not fully convinced members" to see the payouts ceremony where the members where called up, then there was a dinner, a 2 hour talk where the promoters and lead members told stories about earning and future earnings of the program, whit other hyping it whit claps ect. like the warm-up at a tv show
SimpleFire100 (November 30, 1999 at 12:00 am)
Initially the promoter will pay out high returns to attract more investors, and to lure current investors into putting in additional money. Other investors begin to participate, leading to a cascade effect. The "return" to the initial investors is paid out of the investments of new entrants, and not out of profits.Often the high returns lead investors to leave their money in the scheme, leading the promoter not to have to pay out very much to investors/wiki/Ponzi_scheme
SimpleFire100 (November 30, 1999 at 12:00 am)
bacizkly a Ponzi scheme and i bet you its felony in the us too.The scheme is named after Charles Ponzi,[1] who became notorious for using the technique in 1920Typically extraordinary returns are promised on the investment, and vague verbal constructions such as "hedge futures trading," "high-yield investment programs", "offshore investment" might be used. The promoter sells shares to investors by taking advantage of a lack of investor knowledge or competence,
SimpleFire100 (November 30, 1999 at 12:00 am)
Yea, if this is a pyramid program then these scams pyramid always fall apart and the the 95% lower tier lost 100% of the "2000$ amount i made up" they initial invested into being a member to the top tier ppl whit 20 or more ppl recruited and can recruit new members, these ventures have been very illegal in for 10-15 years EU, many many youngster could borrow in the banks over here the pop ones costed 3k$ and the Handlers or recruiter w/e you called them would even help you out borrow the money.
alternativegrunge91 (November 30, 1999 at 12:00 am)
...KEEP IT REAL.. support hair loss community, love fashion?, venting?love poker? Thanx!..:) wat-up-people.blogspot.com
TheMakemoneybaby (November 30, 1999 at 12:00 am)
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tyroneshum (November 30, 1999 at 12:00 am)
Hi Rhonda, just ignore him - I've blocked his details as all he does is writes negative comments across other Youtube channels as well. Thanks.
UnstoppableFamily (November 30, 1999 at 12:00 am)
Sounds like you have us all figured out. Say all you like, we are going nowhere and certainly not insulted by comments from you that are as weak as the ground they stand on. You may want to spend some time with some Positive Thinking Programs, like our Discovery Series. Have a prosperous Day!
MrDarkLogix (November 30, 1999 at 12:00 am)
_You think this is my only youtube account? lol, this is my jackass, say what the hell I want account....I have it for people like you guys..why would I need subscribers here? Listen, good luck with your life, but I'm serious about outing people who prey on the desperation, hopes and dreams of others. |