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.
I have reported on the the Wings Network scam in the past. The Wings Network was promoted to people all around the world including the United States. The Wings Network was a multi-level marketing program that was advertised online, and was being sold door-to-door or through friends and relatives.
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.
LuLaRoe 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.
The Federal Trade Commission is mailing 2,031 checks totaling more than $436,000 to people who lost money to Money Now Funding, a work-at-home scheme that conned people, including many seniors with limited income and savings, into thinking they could make money by referring merchants in their area to a non-existent money-lending service.
One of the deceptions that is used to get people to join a MLM scam is the myth of long term residual income generated by recruiting people for 3-5 years into the scam. The idea that you can work for a few years and then never have to work again, is a powerful motivation to join.
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.
I love a great scam busting idea and this is one of them: The Little Black Book Of Scams. This book has been put together to help people avoid the many scams that are out there trying to take advantage of them. By reading this book you can learn to spot, avoid, and protect yourself against scams.
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.