Ponzi Schemes
By Andrew Banks
@Abanks (8)
Steele, Alabama
October 1, 2015 7:53pm CST
In this day and time, you have to question everything and everyone.
People will do anything and everything for a buck.....well while at work today a fellow coworker told me about a Ponzi scheme he has been working called motor club America. Motor club America is a road side assistance service, that claims to pay out a 200% commission for every new account you setup. Sounds to good to be true ! well my coworker enlightened me on how he plays it by reimbursing membership fees ....has anyone heard or had any experience with this so called company???? or a scheme like it that they have been successful with in making a few pennies ?
2 people like this
2 responses
@wittynet (4421)
• Philippines
2 Oct 15
@Abanks, haven't heard about it maybe because I'm here in the Philippines. You're so far away. 
There are also so many scams here. I'm a bit familiar with Ponzi scheme because my friend shared about a new site which he earns a lot. I told him if it's too good to be true, I'll not join. I made a research about the company and found out it's Ponzi scam.
There are also so many scams here. I'm a bit familiar with Ponzi scheme because my friend shared about a new site which he earns a lot. I told him if it's too good to be true, I'll not join. I made a research about the company and found out it's Ponzi scam.
@cahaya1983 (11116)
• Malaysia
2 Oct 15
I don't know about Motor Club America but I'm always skeptical about this type of scheme. Too many people here fell for Ponzi schemes already. Extraordinary high returns is actually one of the common promises when the want to make you join. I found this article online, you might want to take a look:
Soman via Wikimedia Commons By Victor Chng, co-founder of The Fifth Person Have you heard of these companies called Sunshine Empire, Geneva Gold and Gold G
