How to identify a scam
Really easy. Who is involved? If it is a scam artist with a history like Andy Bowdoin, then it’s safe to assume that past behavior is a good guide for future behavior. Of course, Andy Bowdoin created a deceptive marketing campaign to change his image. It was claimed that he was [...]
This is a response to Tenderfoot’s questions in an older article.
Some of his questions and comments, paraphrased:
What’s your opinion on MLMs, are there any good ones?
Small Businesses vs. MLMs – Why not?
What about bad economic times and tough financial situations? What’s the alternative to GroobLi?
Thoughts on gambling.
Do you think MLMs simply have an image problem?
Isn’t [...]
I ran various Danish MLMs to the ground. Of course, we formed limited liability companies, so we money-laundered first, declared bankruptcy second.
- Michael Hansen, DubLi CEO.
Could DubLi have exposed itself more? What follows is a transcript made available to DubLi Network’s associates and published on the “smartwinshop” DubLi site. It was brought to my attention yesterday, but apparently has been around since 10-13-2008, and written by Michael Hansen himself. What a liar!
Here is what a GroobLi promoter has to say:
Just ignore this blog – he’s no doubt an eBay seller who is trembling in his boots. [...]
So that brand new full warranty Macbook Air 1.8ghz Core 2 Duo w/ 80 GB HD and 2 Gigs of Ram that I just paid $1115.00 for cost me $9.95 [...]
Abstract
Cruise To Cash is just one the latest Ponzi schemes to infect the marketplace. In this paper, I want to examine why “investors” get ripped-off so easily. Some factors to take into account: wishful thinking, the current economic recession, and scam artists preying on vulnerable people.
Definition of Pyramid Scheme according to the FBI:
Pyramid Scheme
Pyramid [...]