Archives for Scams To Avoid - Page 3
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.
The Amway tools scam is a scam that is run by top Amway representatives. The way this scam works is training and motivational materials are sold to new Amway representatives as required for their success in Amway and life. These tools are the primary way that top Amway representatives make their money instead of Amway. My subscribers have requested I take a look into the money making opportunity LIFE Leadership offers. Here is what I have found.
A common scam that is run all over the world is the binary options scam. Investing with offshore companies offering binary options should be avoided. Once offshore, it can be nearly impossible for you to recover your money. Many of these scams list their address as being in the UK, but are actually run from Israel. My subscribers have requesting I take a look at Porter Finance. Here is what I have found.
THW Global is a perfect example of a free scam. They use deceptive claims to get you to watch advertising. Then they fail to pay you. Don't let these scammers waste your time and money. THW Global was promoted as a free way to make money by watching videos.
Peter Wolfing is back trying to get more people into another cash gifting scam. In my opinion, he is one of the most prolific scammers I have run into. What is amazing to me is that people continue to fall for and promote his almost identical scams. My subscribers have requested I take a look at the Easy 1Up money making opportunity. Here is what I have found.
There have not been many business opportunities that I have personally been taken in by, but Vector Marketing is one of them. I was a young person at the time looking for work and I found an ad in the newspaper for a $10 per hour sales position. They claimed to be interviewing people for the position. I scheduled an interview at a new office that had just opened in town.
After paying a settlement with the SEC, Nu Skin has received final approval for a settlement in a shareholder lawsuit against them for $47 million because it had operated a pyramid scheme in China which it failed to disclose to investors, even as it reported soaring earnings.
It would be great to make a significant amount of money just by clicking on a few online ads each day. This is the offer so many scams have made in the past. In most cases, the amount of money that you get is so limited it ends up being a total waste of time. Then they try to charge you to actually make a significant amount money. My subscribers have requested I take a look into NeoBux. This is what I have found.
Offering a social network as a money making opportunity has been tried many times in the business opportunity world. Two recent examples of this are iQLife and Tsū. Few have been successful in generating significant income for their members. One of the red flags to watch out for is when a social network wants to charge you a monthly fee to increase your potential to make money. My subscribers have requested that I take a look at the empowr money making opportunity. Here is what I have found.
It is not very often that I talk about companies that are not business opportunities. Today is the day that I talk about Wells Fargo. Here is my opinion of the Wells Fargo scandal. Wells Fargo has been fined $185 million. They have also been grilled by congress over their abusive treatment of their employees and customers.
Romance. For some, it only happens once. A love affair to last a lifetime. For way too many, romance can lead a path, not to your heart, but to your pocket book as scammers take all they can before casting you, your life and your now broke, broken heart aside to begin the next romance. Join the hosts of The Scammercast for a special “Romance Scam” episode.
Ponzi schemes like to use the cover of a money making method that few people understand to hide the reality that they are paying early investors using the investments of later investors. There have been endless versions of this type of scam run all around the world. My subscribers have requested that I take a look into Kairos Planet. Kairos Planet claims to rent out your computer and provide a fabulous return for doing so. You have to pay them a fee in advance to rent your computer to them. Here is what I have found out about the Kairos Planet money making opportunity.
Scammers never get tired of running the same scam over and over again. As long as it has worked in the past, it will be back with a new name and a new website. Using information products to provide a cover for a cash gifting scam is an example of one of these scam that is run over and over again. The real power of this scam is how quickly money can be transferred into your account. Payments are made directly to you. Since a product is involved the promoters of the scam say that what they are doing is legitimate. My subscribers have requested that I take a look into a money making opportunity called Exitus Elite. Here is what I have found.