Saturday, July 09, 2005

Another Network Marketing Scheme

its been long time since I wrote abt this scamming schemes and my dear friend in this war send me new links and i came across this

http://rmpinfotec.biz/rmpNet/aspx/products/nagar.aspx

if u check the below link it will clearly show you why , they were stupid enough to show the network structure which clearly looks a pyramid structure

http://rmpinfotec.biz/rmpNet/aspx/business/business.aspx

the legal corner page clearly says its a network marketing or MLM co in the scanned copies of letters.

certainly another scam , people be aware and dont fall into this pit .

1 comment:

Chalu said...

Pyramid Schemes

In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same.

The fraudsters behind a pyramid scheme may go to great lengths to make the program look like a legitimate multi-level marketing program. But despite their claims to have legitimate products or services to sell, these fraudsters simply use money coming in from new recruits to pay off early stage investors. But eventually the pyramid will collapse. At some point the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and many people lose their money. The chart below shows how pyramid schemes can become impossible to sustain:


Read and aware
US Securities and Exchange Commision Website
http://www.sec.gov/answers/pyramid.htm

Pyramid selling schemes prohibited in some countries like US and Newzealand
http://whatismlm.blogspot.com/