rooner and hb leaving at once? is it my birthday already?
*and for the record, i actually found what HB said to be funny. go figure.
What's so new about me coming to her defense? Either way it's usually not appreciated when I try to help.
you are so underappreciated, my friend
Quote:Originally posted by Topper Harley
Quote:Originally posted by Toronto Hottie
I have a fantastic career, and make an excellent living.
and you go to breakfast at 10. I have to say that i feel a little jealous.
It's called a "day off".
Look it up if you can't grasp the concept.
Who eats breakfast at 10? That's damn near lunchtime.
Anything after 930 is a snack and anything after 1030 is lunch.
Pyramid money programs are very simple.
The people at the top tiers make all of the money, and the trickle down only reaches so far. Once there are too many members to make the promised trickle down possible, the people at the top simply pack up, and go with your cash.
The first few layers of people get paid the promised money so that they can tell their friends, and can prove it really happened. It's a pre determined formula used by these con artists. I was involved in an investigation that took down the ring leaders of several pyramids here in NJ, where almost the exact same method was used.
The Leaders start off with 50,000 or so that they made from a previous scam. They hype up this plan and get people to buy in for a grand. Say they recruit 10 ($50,000 + $10,000) people at first, and out of their funds they spend 25 ($60,000 - $25,000) grand on "advertising" paying off the first tier people with half of the promised rewards, the second half coming after they meet the recruiting quota. Those 10 people will undoubtedly go off and try to fill that quota usually bringing in 5-10 each.
Let's say they Average 7 people recruited from each of the 10 original marks ($35,000 + $70,000). They now reduce the payouts to this new tier of people to $4,000, half depending on if they meet their quota, the other half depending on if their recruits meet their quota as well (the trick here is to say, ok you met your quota. The cost of processing 2 checks to you will cost us too much money and it will hurt the group. So in X amount of weeks, we'll cut you a check for ATLEAST $2,000 if your recruits didn't meet their quota and $4,000 if they do. )
Tier 2 produces an average of let's say 5 people this time. 70 people x 5 recruits each = 350 people. ($105,000 + $350,000).
Your typical Scam artist will close up shop right here. It cost them $50,000 of scam money to make $455,000 bucks!
I used relatively small numbers here, and you see the insane payout. If the ring leaders are experienced and have a great marketing system, they can afford to keep the pyramid going complete with payouts for the first few tiers. So yes, Some people do increase their money 5 fold. 10 people received a profit of $4,000, while 420 people got scammed out of $1000.
They proclaim to have made it legal, by giving out "certified" emeralds, in exchange for the cash.
Now my poor parents have been suckered in too.
