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Money Circle? hope you guys can help

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  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    My first thought when I read the words "money circle" was that it would be a pyramid gifting scheme.
    Loads of people have fallen for these before, I can only assume that greed got the better of logic, because they clearly do not generate wealth. They simply redistribute it.

    I just googled "cash gifting". My, my look at the rubbish that comes back.
    Remember: the crapness of the idea is proportional to the length of the advert.

    http://www.cashallianceuk.com/

    Here's some useful info: http://www.consumerdirect.gov.uk/watch_out/scams/pyramids-chains/
    Happy chappy
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    I've just read a massive web page that claimed that their amazing gifting scheme wasn't a pyramid. At no point did it explain what it actually was. Judging by the claims made for the success towards the end it was exactly a pyramid scheme.
    Lots of words that don't really mean anything.
    Happy chappy
  • RichOneday_2
    RichOneday_2 Posts: 4,403 Forumite
    To make this legal (just) they must involve a product of some sort in to the equation (of dubious value obviously), but it all boils down to a scam. When your relative fails she will be accused of not having put in enough effort to recruit others.

    The 'product' could possibly be a membership fee to a club (The Money Circle?). That might just get it on to the right side of the law (marginally), but it is definitely a scam.

    If it looks like a scam, smells like a scam and wiggles its !!!! like a scam......well, it aint a duck!
    Gt NW 1/2 Marathon 21/2/2010 (Target=1:22:59) (6:20/mile) 1:22:47 (6:19):j:j
    Blackpool Marathon 11/4/2010 (Target=2:59:59) (6:52/mile)
    Abingdon Marathon 17/10/2010, (Target=2:48:57) (6:27/mile)
    09/10 Race Results : http://www.thepowerof10.info/athletes/profile.aspx?athleteid=103461
    Racing Plans/Results - Post 3844 (page193)
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    What really entertains me is that all of the proponents of the schemes keep saying that it's not a pyramid. You just need to "join their team" by paying them a load of money and then you can reach the untapped wealth.
    Crock of crap.
    Happy chappy
  • RichOneday_2
    RichOneday_2 Posts: 4,403 Forumite
    This is a bit off-topic.

    If you google 'The Money Circle' the first 3 positions on page 1 are filled by this thread. How does that work? The spiders can't get things indexed that quickly, can they?
    Gt NW 1/2 Marathon 21/2/2010 (Target=1:22:59) (6:20/mile) 1:22:47 (6:19):j:j
    Blackpool Marathon 11/4/2010 (Target=2:59:59) (6:52/mile)
    Abingdon Marathon 17/10/2010, (Target=2:48:57) (6:27/mile)
    09/10 Race Results : http://www.thepowerof10.info/athletes/profile.aspx?athleteid=103461
    Racing Plans/Results - Post 3844 (page193)
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Is anyone feeling up to giving their telephone number to one of these amazing schemes so they can hear from them how it isn't a pyramid?

    All the schemes I've looked at involve recruiting people who then pay to join.
    So it's just a recruitment pyramid, and when it fails the last recruiters will be blamed for not making enough effort.
    Happy chappy
  • RichOneday_2
    RichOneday_2 Posts: 4,403 Forumite
    "Hi my name is Graeme; I'm 50 years old... and I live in Hampshire..." I knew NOTHING about this 12 months ago…
    wow.gifYet already I’m now banking £5000 - £8000 EVERY MONTH!


    So plausible! :rotfl::rotfl::rotfl:
    Gt NW 1/2 Marathon 21/2/2010 (Target=1:22:59) (6:20/mile) 1:22:47 (6:19):j:j
    Blackpool Marathon 11/4/2010 (Target=2:59:59) (6:52/mile)
    Abingdon Marathon 17/10/2010, (Target=2:48:57) (6:27/mile)
    09/10 Race Results : http://www.thepowerof10.info/athletes/profile.aspx?athleteid=103461
    Racing Plans/Results - Post 3844 (page193)
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Hi, my name's Eric and 3 years ago I worked as a sewer inspector, earning just over the minimum wage for 80 hour weeks. I couldn't afford a car and I lived in a wooden shed at the back of a municipal rubbish tip.

    All that's changed since I disovered TOCS. Yes, The Overnight Cash System has totally changed my life. I now own a 5 bed detached house and 3 holiday properties. I spend most of my time at various golf courses playing the game I always wanted. I drive a brand new car.

    The system is very simple. It's not MLM or a pyramid scheme. It's cash gifting. This was started to help people. I mean, gifting cash to a good cause like the local injured tortoise charity has been happening for years. This is all about helping people to make their lives better.

    Now, before you go any further, I have to say that I was very sceptical about this. It sounded too good to be true. In fact, it is too good to not be true. Anyone can tap into the wealth generation ability of this amazing scheme.

    It could really help improve your life and free yourself to develop your full potential.

    When I first joined I was given amazing help by my sponsor who showed me how to really make a lot of money. I know several people who've tried MLM and not suceeded. It's because they didn't have the great training and help from an experienced system.

    Ad nauseum.


    Take a look at this:
    http://www.youtube.com/watch?v=D9KLuWiM0t0

    Even funnier, if you search for that name on Facebook it's the second result, with a picture showing her and the goon from another one of her videos.

    They handily give a Leominster number.
    I think it would be interesting to find out just how amazing this system is!
    Happy chappy
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    holbrook99 wrote: »
    would like to invite you to vickys 2 listen to the money circle(NO OBLIGATION)but very worthwhile. u can get all those free holidays u ever wanted if u got friends willing 2 listen. come if only for a nite out
    Translation:
    Would like to invite you round to try and convince you to spend £300 to join.
    You can then make loads of money if you invite your friends to join.

    From what I've seen, around £250 to £300 is what it takes to join.

    It's a very basic pyramid scheme.

    Get your aunt to ask her friend how she thinks this works. It's not a magic trick! It's a money moving scheme.
    Happy chappy
  • Browntoa
    Browntoa Posts: 49,604 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I like the pop up picture in the second video

    http://www.youtube.com/watch?v=RVD2syttDJY&feature=related

    1.45 in ...

    as he opens the letter, pretty girl with money , lol
    Ex forum ambassador

    Long term forum member
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