Archives for Scams To Avoid - Page 3
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.
The LuLaRoe scam has been sued after a recent flood of customer complaints made to the Better Business Bureau, claiming in some cases that they were charged incorrect sales tax and double-charged for merchandise. They also complain that the company’s products were of poor quality and that they had difficulty reaching customer service to discuss their problems.
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.
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.