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On 19 Aug 2005 23:38:22 -0700, wrote:
"AS SEEN ON OPRAH" · I do seem to remember something on Oprah about pyramid schemes - it was about a woman who had lost mucho bucks in one. Maybe it was the "women empowering women" scam that has popped up in a number of countries. Paypal seems to think your chain letter is an illegal scam. http://www.paypal.com/cgi-bin/webscr...&ed=rich_quick Pyramid Schemes Pyramid schemes, including Gifting Clubs and Ponzi schemes, involve the exchange of money in relation to the process of enrolling other people into the scheme. PayPal includes in its definition of "pyramid schemes" any system in which a hierarchy is created by people joining under others who joined previously, and in which those who join make payments to those above them in the hierarchy ("upline"). Pyramid schemes are prohibited as a form of investment fraud by federal laws and by the laws of each of the fifty individual states. PayPal considers online payment randomizers to be a type of pyramid scheme because the majority of commissions are paid for recruitment of new members, and typically operate by random placement within the program. |
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