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Coop 50-50 scheme scam

Enigmaman
Posts: 286 Forumite


A friend s convinced the Coop 50-050 scheme is genuine but it looks like the most obvious scam to me. A Pozi scheme.
Am I right?
Am I right?
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Comments
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Yes, it took me six words into their "how it works" page to conclude that. (https:// coop5050 dot com/how-it-works)
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Enigmaman said:A friend s convinced the Cop 50-050 scheme is genuine but it looks like the most obvious scam to me. A Pozi scheme.
Am I right?1 -
That’s $287,100 annually with minimal effortThat's gotta be tempting
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agent69 said:That’s $287,100 annually with minimal effortThat's gotta be tempting
Normally a very blatant Ponzi scheme like this, with no actual product involved , would get shut down .
Usually they at least have some kind of product involved ( cleaning products for example ) and call them selves multi level marketing schemes so they are operating in a more grey area.1 -
If it looks like a duck
Walks like a duck
Quacks like a duck
I call it a duck. Even if it comes to me via "crowdfunding".0 -
But... how can you doubt One-Of-A-Kind Mobius Loop Super Technology!?1
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That was a fun read, thanks for the link.
They claim to be based in Barbados but surprisingly no such company exists on the Barbados companies register.0 -
Enigmaman said:A friend s convinced the Coop 50-050 scheme is genuine but it looks like the most obvious scam to me. A Pozi scheme.
Am I right?I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.3
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