Archives for Scams To Avoid - Page 2
Buying and selling on eBay or Craigslist can be great, but it can also be quite risky. If you're planning to purchase something more expensive, you need to know how to spot scammers and avoid losing your money. Here are some of the most common Craigslist and eBay scams and tips to help you steer clear of them.
A Ponzi scheme is an investment fraud that involves the payment of returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business. Ponzi schemes like to use uncommon or hidden investments to keep you in the dark about what is actually happening. My subscribers have requested I take a look into Atlantic Global Asset Management. Here is what I have found.
Many business opportunities are just a chain where a person is fooled and then that person is trained to fool others to earn money. Once a person has been fooled and they buy into the scam there is no turning back until they have lost most of their money. My subscribers have requested I take a look at the QNET business opportunity. Here is what I have found.
Unregulated digital currencies are the perfect foundation to build a Ponzi scheme on. New confusing ways to store money are a great way to bilk new investors that want to cash in on the next Bitcoin. With the recent raid of UFUN and the shutdown of GemCoin as highlights, digital currencies have become a common component of online scams. My subscribers have requested I take a look into Coinspace. Here is what I have found.
Pyramid schemes come with many different types of compensation plans. They all include a downline of recruited people who pass money up to their sponsor. To avoid being shut down by regulators some use basic digital products like autoresponders and hosting as benefits for participating in the scam. These products are not retailed to customers. They are included when you join the money making opportunity. My subscribers have requested I take a look at the All In One Profits money making opportunity. Here is what I have found.
It seems that MLM scams never run out of “Miracle Trees” they can harness to revolutionize your health. Is the Zija MLM business model fantastic for making money selling products based on a “Miracle Tree”? Is it free enterprise in its purest form or is it a scam? My subscribers have requested that I take a look at the Zija business opportunity. Here is what I have found.
Spending thousands of dollars on a machine that changes the pH of your water sounds like a poor investment to me. Incredible claims are made about what this water can do for you. Also, selling these machines is presented as an excellent business opportunity. My subscribers have requested that I take a look into the Enagic Kangen Water business opportunity. Here is what I have found.
Unregulated digital currencies are the prefect tool for scammers to take advantage of people. With the shutdown of GemCoin as a highlight, digital currencies have become a common component of online scams. My subscribers have requested that I take a look into Swisscoin. Here is what I have found.
My subscribers have requested that I take a look at the Recyclix money making opportunity. Is it a good idea to invest your money in waste with a company based in Poland? When it comes to investments it is very important to look for companies that offer detailed audited financial information that shows profits. Recyclix claims as an investor you can generate high and stable revenue by purchasing waste, processing it, and then selling it. This does not pass my scam smell test, but let’s take a look.
Six Figure Mentors (SFM), Digital Experts Academy (DEA) and Digital Business Lounge (DBL), are all part of an online membership program created by Stuart Ross and Jay Kubassek. They claim to be selling a system which can teach anyone how to make money online. After looking at the available information, all I saw was a scam designed to take as much money as possible from anyone who joins.
Wealth Generators claims to be a provider of financial education, research and electronic tools for the individual offered on a monthly subscription basis and distributed via network marketing. Colombian regulators have issued a warning that Wealth Generators is a pyramid scheme. Wealth Generators is based in Utah. Utah is a hot bed of financial and MLM scams.
Marketing tools like landing pages, auto-responders, and blogging systems are the most common products used to provide the cover for money making opportunity scams. These tools are provided as a bonus for participating in the money making opportunity. The tools are normally used to promote the same money making opportunity that the person purchased in the first place. It ends up being an endless chain of recruiting. My subscribers have requested that I take a look into the Zukul money making opportunity. Here is what I have found.