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Each of your three, if they are to remain in the game and thereby derive the same wondrous riches from the program as you, must also find three people, benefactor them into the program (again within three days) and their three must find their three in three days and so on. And, because non-performers are booted from the program, so the theory goes, the only people getting paid are the ones actively benefactoring in their own recruits, each of whom down the line contributes their 'investment' of $60. THE 'PRODUCT' The product each person gets for their $60 (because this is NOT, of course, a PYRAMID SCHEME - banish the thought!) is: 'Software entitled 'Building an MLM Empire using the Internet', in which you Own Full Licensed Retail Rights to Market the software. The Internet in particular offers pyramid builders a multi-lane highway to world-wide recruits in virtually no time. 'What is a Pyramid Scheme and What is Legitimate Marketing? 'Pyramid Schemes now come in so many forms that they may be difficult to recognize immediately. There are two tell- tale signs that a product is simply being used to disguise a pyramid scheme: inventory loading [recruits are forced to buy more product than they could possibly sell] and a lack of retail sales [sales are made only between people ins Article: 'Three Days, Three People, Retire in 30 days! Make no mistake, People will start beggary you to sponsor them in! Take a look at this Income Projection Chart: Level | # of Days | # Benefactored | Income Projection 1 3 3 $70 2 6 9 $130 3 9 27 $290 4 12 81 $660 5 15 243 $1520 6 18 729 $3520 7 21 2,187 $8160 8 24 6,561 $18,880 9 27 19,683 $43,520 10 30 59,049 $99,840 11 33 177,147 $227,840 12 36 531,441 $517,120 13 39 1,594,323 $1,167,360 Days add up in a hurry and so does your downline!' OK people ... I know how tempting this looks but REALITY abyss time. This is but one example of a number of 'wealth generation programs' currently morphological individual touted online. The idea is that you must find three people who want to join this program, you pay $20 to 'benefactor' each of them into the program (for a total 'investment' of $60) and you're set for life. Oh, and you have to do it in three days. Each of your three, if they are to remain in the game and thereby derive the same wondrous riches from the program as you, must also find three people, humanitarian them into the program (again within three days) and their three must find their three in three days and so on. And, insofar as non-performers are booted from the program, so the theory goes, the only people getting paid are the ones forcefully benefactoring in their own recruits, each of whom down the line contributes their 'investment' of $60. THE 'PRODUCT' The product each person gets for their $60 (because this is NOT, of course, a PYRAMID SCHEME - expatriate the thought!) is: 'Software entitled 'Building an MLM Empire using the Internet', in which you Own Full Licensed Retail Rights to Market the software. Retail Value $29.95 All Sales Are Final-No Refunds!' OK, three points on the 'product'. First, your investment is $60. The product is worth (let's give them the give a boost of the doubt) $29.95. HELLO!? But you get RESELL RIGHTS!, I hear you protest. That makes it more valuable than just the purchase price of the product itself. Oh yeah? Well, you HAVE to be able to sell the product otherwise the whole scheme ... er ... program would be nothing more than a wealth distribution modulation wouldn't it? And that's against the law, and we couldn't have that. Second, this is not 'software', it's an e-Book. Third, the title of the e-Book deviously and insidiously implies a relationship among this 'wealth creation program' and MLM (multi-level marketing). MLM is a different thing altogether. For a more detailed explanation of what MLM is and what it is not, read 'Not MLM! ... Why ever not?' at http://www.ahbbo.com/notmlm.html . 'WEALTH CREATION' PROGRAMS OK, so what involving these 'wealth creation programs' then? Sounds like a great idea, right? Everybody wins! Well, think about this ... if everyone goes out and gets three people who each have to throw $60 into the pot for their three, everybody up and down the line has effectively contributed $60 and that's all there is in the pot. How do you get more than your $60 back? Ahah! you smoothly point out, those who don't recruit ... er ... 'benefactor in' ... er ... SELL (yeah, that's it, SELL) the 'product' to their three gets dropped, don't they, so now the $20 their benefactor contributed for them to join the program is still in the pot but they're not. They've forfeited their investment. THAT'S how we make money. OK! Very good. I can see you're paying attention. Just one, teensy little problem with this renowned plan. It's B.S.. It's a pyramid scheme and it's ILLEGAL. PYRAMID SCHEMES VS. LEGITIMATE MLM In her prepared statement to the International Monetary Fund's seminar on 'Current Legal Issues depressive master Banks' in May 1998, Debra Valentine, General Counsel for the U.S. land agent Trade Commission, had this to say re pyramid schemes: 'What is striking fast by these schemes is that while they are very old forms of fraud, modern technology has vastly multiplied their potential for harming our citizens. The Internet in particular offers pyramid builders a multi-lane highway to world-wide recruits in virtually no time. 'What is a Pyramid Scheme and What is Legitimate Marketing? 'Pyramid Schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public. Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure. There are two tell- tale signs that a product is simply body used to disguise a pyramid scheme: inventory loading [recruits are forced to buy more product than they could possibly sell] and a lack of retail sales [sales are made only midst people inside the pyramid, not to the public in general - sound familiar?]. ... '[P]yramids are quite seductive inasmuch as they may be able to deliver a high rate of return to a few early investors for a short period of time. Yet, .. pyramid .. schemes are illegal because they inevitably must fall apart. No program can recruit new members forever. Every pyramid .. scheme collapses being as how it cannot expand after world the size of the earth's population. [Footnote 3: 'Assume a pyramid scheme in which each person recruits 10 new people. There would be one person at the top, 10 her, 100 underneath them and so forth. The pyramid would involve everyone on Mercury in just 10 layers of people with one con copyist on top. The bottom layer would have more than 4.5 a thousand people.'] When the scheme collapses, most investors find themselves at the bottom, unable to recoup their losses. 'Some people confuse pyramid .. schemes with multilevel marketing. ... [U]nlike pyramid .. schemes, MLM's have a real product to sell. More importantly, MLM's for a certainty sell their product to members of the general public, without requiring these consumers to pay aught extra or to join the MLM system. MLM's may pay produce to a long string of distributors, but these gate are paid for real retail sales, not for new recruits.' Now consider how our 'wealth distribution program' ascendant works. Which is it, do you think? Pyramid scheme or MLM? Bzzzz ... time's up. All who think it's a exemplar pyramid go to the top of the class. FEDERAL TRADE take-in GUIDELINES Not surprisingly, the U.S. private investigator Trade meeting ('FTC') pays gravel road application to so-called MLM's that are, in reality, nothing more than pyramid schemes. It regularly prosecutes the promoters of such schemes, obtaining injunctions and orders freezing the bank account of the promoters to be technical in redress of victims. If you knowingly participate in a pyramid scheme, you too can be named as a defendant in such an action. Bear in mind that as a distributor (whether you're participating in a legitimate MLM program or an illegal pyramid scheme), you're legally responsible for the claims you make nigh about the company, its products and taking a role opportunities. It is no defense that you're merely rehashing the same old representations made to you by the company. The FTC can require you to verify the research checked any claims you make. For more on the subject of representations and your obligation to be able to back them up, read 'Not Just Six Lines ... 65 Characters' at http://www.ahbbo.com/adsftc.html . In addition, if you solicit new distributors, heed the FTC's warning in its Consumer Alert, 'The slob land Line here and there Multilevel Marketing Plans': 'You are responsible for the claims you make some a distributor's earnings potential. Be sure to represent the opportunity honestly and leave alone making unrealistic promises. If those promises fall through, remember that you could be held liable.' Finally, here's the FTC's tips for evaluating a multilevel marketing opportunity: '1. refrain from any plan that includes royalty for recruiting additional distributors. It may be an illegal pyramid. [And, by the way, basis it 'benefactoring' won't help. Just a handy hint ...] '2. look of plans that ask new distributors to purchase expensive products and marketing materials. These plans may be pyramids in disguise. '3. Be creeping of plans that conjugal right you will make money through continued growth of your downline, that is, the number of distributors you recruit. [Don't take this tip out of context - by definition, the more people you have in your downline, the more you'll legitimately make in MLM. What the FTC is saying here is to watch out if the plan rewards you for recruiting per se, rather than paying you a big end on sales of product to the general public generated by your downline.] '4. take care of plans that estate to sell miracle products or promise enormous earnings. Ask the promoter to substantiate claims. '5. look of shills - 'decoy' references paid by a plan's promoter to lie back and forth their earnings through the plan. '6. Don't pay or sign any contracts in an 'opportunity meeting' or any other pressure-filled situation. Insist on taking your time to think over your decision. Talk it over with a family member, friend, figurer or lawyer. '7. Do your homework! harlequin with your local surpass Business office and State lieutenant General about any plan you're considering - especially when the claims all round the product or your potential earnings seem too good to be true. [Don't rely too much on the BBB though - companies pay to be listed with them so they're not as politic and independent as they seem. desire whether they have complaints on file nigh your particular program is worthwhile, however.] '8. Remember that no matter how good a product and how solid a multilevel marketing plan may be, you'll need to invest sweat equity as well as dollars for your investment to pay off.' By testing any opportunity across the extra tips, you'll go a long way to ensuring that what you're getting yourself into is a legitimate MLM program and not an illegal pyramid. Probably the best gut restrain of them all though is the good old 'if it sounds too good to be true, it probably is'. Hmm ... $1.1m in 39 days for an investment of $60 ... somehow, I JUST don't think so ...
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