4 ms·

I understand the media point of view but sometimes I get really scared. There are not much opportunities where I live and such pyramid schemes are actually very

by rick_2047 17y ago

I understand the media point of view but sometimes I get really scared. There are not much opportunities where I live and such pyramid schemes are actually very lucrative. They also gave a blown up figure of Rs 24,00,000 in one year which was presented by a person, from a college which works closely with my own, who had done it in his second year. I was almost compelled to join

jacquesm 17y ago
Pyramid schemes are illegal in many countries for a good reason, sooner or later the bottom will drop out and then it invariably turns out they are a net loss to a majority of the participants. And those near the top are lucky if they escape jail time. The atmosphere at those meetings is set up to make you euphoric, there are plants all over the audience. Don't get caught up in it and avoid them like the plague they are is all the advice I can give you on this.
chaosprophet 17y ago
Hey did you know that Pyramid Schemes or "MultiLevel Marketing" is illegal in India??? Also, anything that promises you cash for doing literally nothing is a scam. One company I knew only paid out cash to a few people. As more people joined they started giving out gift cheques. Problem was they really weren't cheques and could not be cashed. Never get involved in an MLM scheme, you are being swindled out of your time and energy.
- rick_2047 17y ago
  It(the business i am mentioning) cannot be deemed illegal because the actually are offering something, a degenerate list of courses related to IT. I have seen the courses, there are even courses for windows 98 and DOS.There is a course for linux, which uses the a redhat distribution so old that even the devs may not have the source of it. But just for an academic discussion, the name of the company is ebiz.com[1] [1]www.ebizelindia.com/
m_eiman 17y ago
If the scheme has been going on for so long that someone has made significant money, it's pretty likely that it's about to fall to pieces. Pyramid schemes don't "make" money, it's more like stealing from the gullible.

jacquesm 17y ago

Pyramid schemes are illegal in many countries for a good reason, sooner or later the bottom will drop out and then it invariably turns out they are a net loss to a majority of the participants. And those near the top are lucky if they escape jail time. The atmosphere at those meetings is set up to make you euphoric, there are plants all over the audience. Don't get caught up in it and avoid them like the plague they are is all the advice I can give you on this.

chaosprophet 17y ago

Hey did you know that Pyramid Schemes or "MultiLevel Marketing" is illegal in India??? Also, anything that promises you cash for doing literally nothing is a scam. One company I knew only paid out cash to a few people. As more people joined they started giving out gift cheques. Problem was they really weren't cheques and could not be cashed. Never get involved in an MLM scheme, you are being swindled out of your time and energy.

rick_2047 17y ago
It(the business i am mentioning) cannot be deemed illegal because the actually are offering something, a degenerate list of courses related to IT. I have seen the courses, there are even courses for windows 98 and DOS.There is a course for linux, which uses the a redhat distribution so old that even the devs may not have the source of it. But just for an academic discussion, the name of the company is ebiz.com[1] [1]www.ebizelindia.com/

m_eiman 17y ago

If the scheme has been going on for so long that someone has made significant money, it's pretty likely that it's about to fall to pieces. Pyramid schemes don't "make" money, it's more like stealing from the gullible.