I am lookig into a cash system called 1 up system. It seems like a pyramid type scam? Does anybody know anything about it?
2007-07-11 20:08:12 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you get a product or something in exchange for the $ it's okay. In the business world, 1up is called leverage.
However there are some 1ups that just exchange money and don't compensate with a product or service of any kind - those are not okay. As mentioned, eventually someone loses and no one likes to lose. Even stocks are not guaranteed to make money.
Do your own due diligence. Some people are doing very well with 1ups. Don't spend what you can't afford to lose. Same as any other business.
Good luck!
http://www.SoGettingRich.com
2007-07-12 02:39:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you pay money to someone and then others pay you. At some point someone must lose. That is a pyramid scheme. Some have little added things they think legalizes them but they are still scams. They are immoral and Illegal.
2007-07-12 03:19:28 · answer #2 · answered by towanda 7 · 0⤊ 0⤋