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Posts Tagged ‘pyramid scheme’

Dollarzblaster Scam Revisited: Example Of A Pyramid Scheme

November 20th, 2009

Kmcgraw

I first wrote about the Dollarzblaster scam a little over a year ago. I’ve checked, and they’re still online, so I thought I had better post another warning about them and share more details about my experience with them.

What they offer sounds incredibly good, in fact, TOO good to be true: for just $25, you will earn a position in what they call their random column selection (RSC.) In addition, 29 more positions will be created. It works like a big, multilayered chain, and you are paid every time your link in the chain reaches the top. Your links in the chain are constantly rotated until you earn at least $9000. In addition, for every person whom you personally sponsor into the system, an additional 29 links in the chain will be generated for you.

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Posted in Work At Home Scams

Tags: dollarzblaster, dollarzblaster pyramid scheme, dollarzblaster scam, internet scam, ponzi scheme, pyramid scheme

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Are All MLMs Inherently Scams???

August 19th, 2009

Kmcgraw

There is almost no dirtier word than “multi-level marketing,” or MLM, in the work at home sphere. When you hear or see the word, MLM, impressions of pyramid schemes immediately come to mind. In fact, people often view MLM as synonymous with “pyramid scheme.”

While it is true that some MLMs are pyramid schemes, not all of them are, and conflating the two is, in fact, erroneous. Before going any further into this, it might be useful to define some terms: