I got this letter in the mail that you can make thousands of dollars by sending a dollar to ten people and purchasing 200 names and sending them the same letter i got. Which i ain't going to try anyway it sounds like a bunch of bull to me. But my question is someone told me it's a Pyramid Scheme and it could be illegal if it is where do you report it to I live in the USA.
2007-12-31 07:05:10 · 13 answers · asked by anne 1 in Politics & Government ➔ Law & Ethics
Yeah, that doesn't sound right. To give out money and not recieve a product for it is a dead giveaway!
2007-12-31 07:50:24 · answer #1 · answered by breakfastissexy 4 · 0⤊ 0⤋
Dear Realist: Perdendos's answer is very informative and helpful. However, Pyramid Schemes have a defined structure. Those who "on top" of the scheme are using others to make them more money. If you look at the structure of governments and structured religions they operate on the pyramid system. The rich get richer and the poorer get poorer. Remember the old "trickle down theory"? That sure hasn't worked now has it? Beware of any organization that requires $$$$ to become a member!! As well as, asking for personal or financial info. Many of the Internet companies provide information on scams they are aware of. Always - Follow the flow of money before you decide. You can also contact your State Dept. of Consumer & Business Services. Best of Luck - Hope this helps, Anita
2016-05-28 06:31:51 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Illegal for sure
2007-12-31 10:22:56 · answer #3 · answered by WC 7 · 0⤊ 0⤋
The biggest pyramid scheme of all time is the Federal Reserve.
From their own site of structure:
http://www.federalreserveeducation.org/fed101/structure/
You won`t find any truth on the rest of their sites though.
2007-12-31 07:31:04 · answer #4 · answered by Scorpian S 4 · 0⤊ 0⤋
It sounds like a pyramid scheme but sometimes they are difficult to prove or close shop before someon catches on. People are clever some will reverse the pyramid because technically that's not illegal. Amway, Avon, Nuskin, Primerica are all examples of possible pyramid schemes. I don't think any are in danger of being stopped now.
2007-12-31 07:16:17 · answer #5 · answered by Your #1 fan 6 · 0⤊ 0⤋
Yes, it will eventually fail. If you are one of the early ones you will make money, but if you are one of the last ones you will lose money.
Just like Social Security started with half a percent payroll withholding, now it is 12% payroll withholding, and doomed to fail when they can't economically raise the tax rate anymore, or provide benefits to everyone.
Ron Paul is the only presidential candidate who is brave enough to discuss this issue.
2007-12-31 07:13:42 · answer #6 · answered by freedom_vs_slavery 3 · 4⤊ 0⤋
Any pyramid scheme is illegal. Report it to your postmaster/mistress.
Good for you for not falling for it!
2007-12-31 07:11:21 · answer #7 · answered by plushy_bear 7 · 0⤊ 0⤋
All Pyramid schemes are illegal. If you got it in the mail, report it to the US Postal Service.
2007-12-31 07:11:02 · answer #8 · answered by regerugged 7 · 0⤊ 1⤋
By definition a pyramid scheme is illegal. THis is one.
If you are so inclined, sent it to the postmaster.
2007-12-31 07:09:20 · answer #9 · answered by wizjp 7 · 0⤊ 0⤋
That is illegal. You report violations of the law to the police.
2007-12-31 07:09:00 · answer #10 · answered by davidmi711 7 · 0⤊ 0⤋