Showing posts with label Pyramid Schemes. Show all posts
Showing posts with label Pyramid Schemes. Show all posts

Friday, September 5, 2008

Another MLM Scam Exposed

Another company ADSurfDaily is in the news. Attorney General Bill McCollum just filed a lawsuit against AdSurfDaily accusing the company and its owners of operating a huge pyramid scheme.

Click here to read the press release.

This is serious. People get hurt when they get involved in these scams and innocent people can go to jail. The people who start these are ruthless.

One very clear way to determine if an opportunity is a scam…it has NO product!

Do not be fooled by these scammers.

Read more about Consumers PYRAMID SCHEMES

Please do your homework before you get involved with any company.

You want to make sure that you are in a 5 pillars company:

  1. Company Management Experience with Integrity
  2. Timing in the Company / Timing in the Industry
  3. Remarkable Product
  4. Compensation Plan That Pays Part-Timers
  5. System for Success

Click here to listen to The 5 Pillars for Your Success audio for more detail on a 5 pillars company.

Be the Leader You Were Created to Be!

Lidie Gray
A Mentor With a Servant's Heart

Thursday, September 4, 2008

Pyramid Schemes - How to Avoid

There are two questions to ask yourself when you consider joining an MLM company:

#1. Would a logical thinking person spend this amount of money on this Product or Service if there were NOT a Pay Plan attached to it?

#2. Does the income stop when the recruiting stops?

Michael Dlouhy with Mentoring For Free wrote:

“...Proof on ‘WHY’ it is so important to be a Critical Thinker and the Need to be in a 5 Pillars Company. As a Professional Network marketer You will want to read this ENTIRE Criminal Case filed in Florida…

http://www.tallahassee.com/assets/pdf/CD11468785.PDF

Remember the TWO questions that the Attorney General asks to see if You may be in a Ponzi or Pyramid Scheme as You read this Criminal case.

#1. Would a logical thinking person spend this amount of money on this Product or Service if there was NOT a Pay Plan attached to it?

#2. Does the income stop when the recruiting stops?

There are Thousands of people that have lost over 100 MILLION dollars that would have been avoided ‘IF’ they had asked these TWO simple questions.”

Bob and Anna Bassett responded to Michael’s email:

“Along with the 101 pages from the Feds out of Washington, the Florida Attorney General has also filed suit ... Along with the 101 pages from the Feds out of Washington, the Florida Attorney General has also filed suit ...

http://myfloridalegal.com/webfiles.nsf/WF/KGRG-7H9MY7/$file/ASDComplaint.pdf

People should also note that the spin off surfing company, Golden Panda Ad Builder (which was started for the Chinese market) and the CEO, Walter Clarence Busby Jr. are also named in the Federal document. Coincidentally, their site is now down too!!

What is interesting is both Bowdoin and Busby have criminal records and have had prior run ins with the SEC. I guess criminals stick together!!

They're lucky they weren't caught in China because there, they just shoot them.”

Can you see why it is important for you as a network marketer to get educated in this industry?

Mentoring for Free offers you free training and education.
They will teach you “how to think, not what to think”.

Be the Leader You Were Created to Be!

Lidie Gray
A Mentor With A Servant’s Heart
Success In 10 Steps