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Old 02-26-2008, 12:29 PM   #1
PrincessPatty
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Make $250,000 in weeks?!?!

I tried to search on Snopes, but came up with nothing.

Im sure its a crock, but my mom recieved this "chain mail" today.

Make $250,000 in weeks! As seen on Oprah and 20/20. You immediatley sen $1 to the six people listed on your letter, wrap your dollar around a letter saying, "please put me on your mailing list." You buy addresses and send this letter to them, putting your name at the top.

Has anybody looked into this? Im sure its a scam, but I figured I would check it out first
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Old 02-26-2008, 12:35 PM   #2
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its called a Pyramid scheme and I believe its illegal

http://en.wikipedia.org/wiki/Pyramid_scheme
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Old 02-26-2008, 12:37 PM   #3
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It's a pyramid scheme, and I believe it's mail fraud if you use the Postal Service.
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Old 02-26-2008, 12:44 PM   #4
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Pyramid Scheme....

http://www.spokane.bbb.org/WWWRoot/S...08369&art=2387

Quote:"These are the questions consumers ask the BBB about a mailing that has been circulating since 1998, the message coming supposedly from a retired attorney, pitching a “too good to be true” opportunity to send chain letters at random using a mailing list that you purchase from the source they suggest. The letter’s cover states, “Make $250,000 in weeks—as seen on OPRAH & 20/20.”

At the bottom of the first page it states, “Follow the simple rules on page 2 exactly and in less than 3 months, you should receive over $800,000.”

The key word here is “should,” because you are guaranteed one thing. You won’t make that much money playing into this chain letter scheme.

While multi-level selling is legal, pyramid schemes are NOT! Prospective business opportunity seekers should carefully examine such mailings to be reasonably certain it is not a pyramid scheme which merely seeks recruitment of distributors willing to pay upfront fees to a source you know nothing about for unknown mailing lists, rather than the retail sale of a concrete product. Merely asking people into a situation by coughing up a certain amount of money without any product behind it is considered, by law, a pyramid scheme."
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Old 02-26-2008, 12:44 PM   #5
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Thats what little I found have said. But something makes it legal - a question about "purchasing" to get on the mailing list?

I haven't seen chain mail in years!!
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Old 02-26-2008, 12:47 PM   #6
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http://www.oag.state.ny.us/investors/pyramid.html

What are the differences between a legitimate multi-level marketing company and a pyramid scheme?

A legitimate multi-level marketing company emphasizes reliable products or services. A pyramid scheme uses products or services to disguise its quest for collecting money from the investors on the bottom levels to pay other investors further up the pyramid.

In a typical pyramid scheme, new investors must pay a fee for the right to sell the products or services as well as for the right to recruit others into the pyramid for rewards unrelated to product sales or services. Very often the products or services the victim must buy are unsalable, and the pyramid's promoters refuse to repurchase them. On the other hand, legitimate multi-level marketing companies will buy back unsold merchandise, although often at a discount from the original price.

Success in multi-level marketing is based on two factors: product and service quality, and the hard work involved in being able to sell the products or services. Recruitment of new investors is secondary.
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Old 02-26-2008, 12:48 PM   #7
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Quote:
Originally Posted by PrincessPatty View Post
Thats what little I found have said. But something makes it legal - a question about "purchasing" to get on the mailing list?

I haven't seen chain mail in years!!
It's not legal...quote from further down from the link I posted:


* Chain letters that involve money or valuable items and promise big returns are illegal. If you start one or send one on, you are breaking the law.
* Chances are you will receive little or no money back on your "investment." Despite the claims, a chain letter will never make you rich.
* Some chain letters try to win your confidence by claiming that they're legal, and even that they're endorsed by the government. Nothing is further from the truth.
* If you've been a target of a chain email scam, contact your Internet Service Provider and forward the email to the FTC at spam@uce.gov.
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Old 02-26-2008, 01:01 PM   #8
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Quote:
Originally Posted by CarolG View Post
It's a pyramid scheme, and I believe it's mail fraud if you use the Postal Service.
Yes it is illegal. Years ago when I was younger and dumb, I tried this. I then got a message from the USPS about it. I think I got back maybe $3.
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Old 02-26-2008, 04:34 PM   #9
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Anyone can earn that much in just weeks... it's a matter of just how many weeks you're willing to wait
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Old 04-19-2008, 02:56 PM   #10
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I've received several of those lately from people claiming to be lawyers and claiming that it's legal. It's not. Throw it away.
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Old 04-19-2008, 03:31 PM   #11
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This is NOT legitimate.
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Old 04-19-2008, 03:36 PM   #12
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Ladygirl

Perhaps you should remove the email addresses you posted related to this pyramid scheme from this old post you bumped up.
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Old 04-19-2008, 05:06 PM   #13
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i respond to every one of these kinds of things. also to the emails i get from overseas funds. i have made well over 7 figures the last three years. and i am on my way to another banner year. i cant believe that people think these things dont work. i am living proof that they do work. i have not worked a day for the past three years. my biggest decision is how big of a tv i should get.
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Old 04-19-2008, 05:08 PM   #14
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If it's too good to be true, it probably is.
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Old 04-19-2008, 07:41 PM   #15
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Anything like that, received in e-mail or on a post, should be forwarded to two locations. (If e-mail, set your reader to view full headers before forwarding.) One is abuse@paypal.com if it is PayPal. The other is phishing@irs.gov, especially if the addresses appear to be in the US.
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