Beware of Ponzi Schemes being posted on this site!!!!!
By SageMother
@SageMother (2277)
United States
February 16, 2007 11:15pm CST
From Wikipedia:
"A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business, named after Charles Ponzi."
I keep seeing people post urls for sites that fall under this definition. It is not a home business, even though people are saying it is. A home business would either have you selling a product or a service, not just recruiting and promising money.
BEWARE!!!
3 people like this
6 responses
@limosonia1 (1559)
• United States
17 Feb 07
Thank you very much for warning us. There are so many scams out there. It is so hard to know who wants to rip you off and who doesn't. There are some good programs out there.
@SageMother (2277)
• United States
26 Feb 07
Please refrain from posting your affiliate links without being asked to.
@moonmagick (1458)
• United States
17 Feb 07
I have seen a massive amount of these types of things popping up lately as well. A lot of them seem to be the same sites. I am always looking for ways to make money from home, but havent even looked at these because I felt they seemed fishy. Thanks for the heads up.
2 people like this
@whiteheather39 (24403)
• United States
17 Feb 07
Thank you any advance warnings are (at least to me) very welcome.
2 people like this
@danjenkins (646)
• United States
18 Feb 07
I agree with your assessment and warning. If people were not so greedy and so eager to get something for nothing, these ponzi schemes could not continue. But, human nature being what it is, one can't feel too sorry for those who chase after the rainbow and then complain about the colors.
@royal52gens (5488)
• United States
17 Feb 07
You can use the site Get Paid Forum to weed out sites that do not pay or are scams and sites that have gained a bad reputation. You can also report sites for being bad or good.
2 people like this
