Another Pyramid Con

tomstickland

giveandtake wrote: »

I am so amazingly bored now.......... Oh.........and get a life xx

If not being dopey enough to fall for a scam like this means that I don't have a life, then I'd prefer not to have a life.

You're bored? Aha, avoiding answering the legitimate questions about this scam.

globalds

The simple way of winning in this scam is :
Rather than join other peoples pyramid at the bottom ....Just start your own and you are at the top ..Without having to put any money in ...
Pyramid Hacking By Global ..:)

tomstickland

giveandtake wrote: »

I am running the risk of repeating myself here.........

ITS A RISK.................. maybe at some point down the line, maybe in 6 months or maybe in 3 years we will all run the risk of losing our money on our particular chart (as this is the only one that I can comment on!!) If this does happen then it will be 7 people who lose out and the chances are that they will be people who have gone back in anyway and already made a profit, 50% of our chart are "re-investors" at the moment........ it could even be me.. so be it...... Im a grown up!! No-one that I have come into contact with are under any illusions.

I thought that you were bored with this?

Anyway, it doesn't matter how many people go back in etc, no money is created by the scheme. It only moves it around.

It could be that everyone ends up losing what they won earlier. But I doubt that. Far more likely is that a load of people will make a profit. But their profits are paid for by others losing.

Whatever happens, people somewhere lose money.

mick_newport

giveandtake wrote: »

I live in a very large city..

Yes.........I was told of the risks even though believe it or not I had actually worked it out for myself

And it has been legal since September 2007, before that it was an illegal pyramid scheme, if you are really that interested, check it out, Im sure you are clever enough if you are driven enough!

And also........... there have been a couple of people who have been investigated when they have had 23k deposited into their bank accounts (3 to my knowledge), by law this can happen, I think it is anything over 10K. The authorities have been put in touch with the main person on the Committee and were obviously happy with how it is conducted and those 3 people had no further action taken.

You really don't get it do you its illegal but more importantly its immoral you are stealing off the "people" who loose who will be the majority 80%'ish.
iff you know how it works your a thief!! iff you dont, wise up keep out of it and advise people not to get involved, the con-artists will always have paperwork, certificates, support off charities and solicitors and magazine articles that support their con but they will all be fake!!!

globalds

Fortunately for us there is one country that has allowed this scam to mature .
The result ...riots ,Death and economic collapse .
It is about not having enough assets to cover your liabilities .
http://internationalmonetaryfund.com/external/pubs/ft/fandd/2000/03/jarvis.htm

BFG_2

globalds wrote: »

Fortunately for us there is one country that has allowed this scam to mature .
The result ...riots ,Death and economic collapse .
It is about not having enough assets to cover your liabilities .
http://internationalmonetaryfund.com/external/pubs/ft/fandd/2000/03/jarvis.htm

well worth a quick read

giveandtake_2

tomstickland wrote: »

If not being dopey enough to fall for a scam like this means that I don't have a life, then I'd prefer not to have a life.

You're bored? Aha, avoiding answering the legitimate questions about this scam.

I have answered every question thrown at me, you just attacked all them all

giveandtake_2

mick_newport wrote: »

You really don't get it do you its illegal but more importantly its immoral you are stealing off the "people" who loose who will be the majority 80%'ish.
iff you know how it works your a thief!! iff you dont, wise up keep out of it and advise people not to get involved, the con-artists will always have paperwork, certificates, support off charities and solicitors and magazine articles that support their con but they will all be fake!!!

The charities that we give a portion on the money to are requested to provide us with a donation reference number, I received a lovely email from the world wildlife fund thanking me for the donation, I give to this charity every month (only £10 though) and they did receive more than the required amount! I admit that I didnt check up on the paperwork issued by the Courts but that is only because my Father did when he was (past tense) involved in the Charts

giveandtake_2

BFG wrote: »

well worth a quick read

Drama Student????

trisontana

giveandtake wrote: »

I have answered every question thrown at me, you just attacked all them all

No you have not. You have not told us how most people can make a profit without other people losing out when there is only a fixed amount of money in the pot. All that is happening is that this fixed pot of money is transferred from some people to others.

As somebody above said :-

Put 100 people in a room with £10 each and the only way you end up with no one losing money is to all leave with £10 each.