Hi can anyone tell me if they have actually made money from this thing.
Basially you get an email telling you to pay £3, and add yourself to the list at number 5. And to pass email on to as many people you can. Eventually you get to number 1 in the list, and could recieve up to £10,000. Too long to describe in full, but if you've had the email and done this you know exactly what i mean.
So my question is : Is it a Scam? or are there Profits to be made?
2006-07-31 22:30:36 · 19 answers · asked by BlueMorpho 3 in Business & Finance ➔ Investing
Apparently trading standards say it is legal. And i have recieved the message from people i have done business with on ebay. Real people. Thats not to say there are fake names there though.
2006-07-31 22:42:37 · update #1
yes I actually did it!! I sent off my £3, put my name on the list and sent it to as many people as I could.
I didnt get anything back!!
I actually emailed the person who I sent my £3 to and she told me she made £12 in total
2006-07-31 22:36:39 · answer #1 · answered by OriginalBubble 6 · 0⤊ 1⤋
Offers received by email come with no guaratees and are to a large extent unregulated. This means that noone can force the person organizing this to pay up.
So I would categorize this as a scam.
Also, considering the number of people recieving this email 10,000GBP is a pretty poor payout.
2006-07-31 22:39:37 · answer #2 · answered by GeoChris 3 · 0⤊ 0⤋
Its a chain/pyramid scheme.
Basically the other people on the list rarely exist so you NEVER get to number 1, and if you do you may make back your money as only 1 in 10 people usually submit funds
2006-07-31 22:35:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would say a scam, however you could make some money but the amount of time it would take to get your name to the top (Since most people would instantly delete the email) for render any profits worthless
2006-07-31 22:34:56 · answer #4 · answered by dave12041976 3 · 0⤊ 0⤋
It sounds like the old pyramid thing that was around a long time ago. Only the people who got in at the very beginning made big profits.
2006-07-31 22:36:34 · answer #5 · answered by bexik 2 · 0⤊ 0⤋
This is just like pyramid selling. Basically the ones who start it off will make money as they are at the top...as people begin to mistrust it and stop adding their names less money is made so that ones at the bottom could potentially get a lot less than those at the top.
2006-07-31 22:37:52 · answer #6 · answered by Jackie 4 · 0⤊ 0⤋
Pyramid schemes are unlawful in the united kingdom. With an digital mail scheme it ought to be conceivable for the guy on the proper of the pyramid to feed you, say, 10 id's that are all his yet in diverse names. (i do not recognize what percentage this one makes use of.) so that you upload yours to the bottom, then mail 9 of his id's round on your friends. They deliver off 8 of his id's plus your one plus theirs... Do you spot how that works?
2016-11-27 05:35:44 · answer #7 · answered by baty 4 · 0⤊ 0⤋
It's definately a scam, I deal with Paypal alot and they would never allow anything like this. Paypal is a bank so ask yourself, would Barclays, Natwest or any other high street bank do this?
2006-07-31 22:37:49 · answer #8 · answered by sarah k 4 · 0⤊ 0⤋
its a scam like pyramid selling similar principle. The people at the end of the chain get nothing. it all hinges on people paying the money, if you are smart you wont risk it!
2006-07-31 22:36:32 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Sounds like a scam. I use paypal and haven't had the email.
2006-07-31 22:35:52 · answer #10 · answered by Frog Five 5 · 0⤊ 0⤋