QUOTE (Jays-PaidMail @ Nov 30 2002, 07:11 PM)
What is a "PONZI SCHEME":
=========================
This line is right off the 1heleva.com website:
--- excerpt start ---
" There will *always* be more and more GREEDY people putting more money in
every month than will need to be paid out. In our first three months,
investments have tripled each month! "
--- excerpt ends ---
And this line should make you skin crawl when you think about the impact it
could have on all click exchange programs and the Internet in general, ( from
the same 1heleva.com webpage ):
--- excerpt start ---
" Simple unadulterated greed will keep the money coming in. And it will have
little to do with joining a "Traffic Exchange". "
--- excerpt ends ---
After reading these statements alone, the information on the following pages
should really open your eyes:
US Securities & Exchange Commission
- Ponzi Schemes -
http://www.sec.gov/answers/ponzi.htmDon`t stop now, read on.
YOU could be held LIABLE:
=========================
A number of you already know this, but hey, grab the money well it lasts, right?
Think again, YOU could also be held liable, financially AND criminally.
Federal Trade Commission - Consumer Alert
http://www.ftc.gov/bcp/conline/pubs/alerts...ts/pyrdalrt.htm*** from FTC Alert page - READ CAREFULLY ***
Your Responsibilities:
If you decide to become a distributor, you are legally responsible for the
claims you make about the company, its product and the business opportunities it
offers. That applies even if you`re repeating claims you read in a company
brochure or advertising flyer. The Federal Trade Commission advises you to
verify the research behind any claims about a product`s performance before
repeating those claims to a potential customer.
In addition, if you solicit new distributors, you are responsible for the claims
you make about a distributor`s earnings potential. Be sure to represent the
opportunity honestly and avoid making unrealistic promises. If those promises
fall through, remember that you could be held liable.
*** end of excerpt ***
Take your money and RUN:
========================
IF you were unaware of the fraudulent nature of this program, the smart thing to
do would request a full refund of your money and hope you can walk away without
any losses.
In the event you do not receive your money you may have recourse if you are a
US, Canadian or Australian citizen.
TWO sources you may reference to recover your so called "investment" from
1heleva.com and it`s owners are:
National Association of Attorney Generals:
http://www.naag.org/[ 1heleva.com & it`s owners are residing in Richmond Virginia ]
Multinational task force of US, Canadian & Australian law enforcement agencies:
http://www.consumer.gov/sentinel/---- excerpt from their site ----
Get the facts on consumer frauds from Internet cons, prize promotions,
work-at-home schemes, and telemarketing scams to identity theft.
Report your fraud complaints so they can be shared with law enforcement
officials across the U.S. and around the world.
--- end of excerpt ---
DO you own DUE DILIGENCE:
=========================
I understand that it can be tough times for a lot of people. The desire to make
a lot of money fast and easy has a powerful attraction. The financial and
criminal risks you face here could totally ruin you life as you know it.
BEFORE jumping on some "Be a MILLIONAIRE OVER NIGHT" scheme, do your DUE
DILIGENCE!
There are many opportunities to earn a comfortable living from the Internet.
You will need to LEARN to EARN, it doesn`t happen just because you have access
to an Internet connection. And it practically ALWAYS requires you to WORK AT
IT, build relationships, develop creditability and trust from the Internet
community.
Getting involved with a "PONZI SCHEME" or any type of illegal program on the Net
could easily destroy creditability you may have taken years to build.
--------
You are quoting the webmaster of viral visitors DOUG WILLIAMS who is spamming the heck out of his members with this particular e-mail.
Seems another webmaster who can't stand the competition.
Yes it's true, there are greedy people out there, who will continue re-investing to get a bigger ROI the following month.
But the terms are very clear.
I see no difference and no more risk here than investing in the stock market.
Matter of fact, this seems more realistic.
1heluva is the best traffic exchange i've ever used.
For $5 investment you earn 10% a month or 120% a year, if you surf 6000 pages a month.
You also can promote up to 5 urls for your $5 investment.
Nobody is forcing anyone to invest any more than the minimum $5 for this service.
People have free wills, and those that can afford the risk will risk it for a 600% return in 12 months.
Common sense tells you that in order for you to earn 600%, someone has to be loossing money.
It's the small investors with $5 invested, who don't surf their 6000 pages a month that will end up the loosers and there's a lot of small investors.
The large investors, who stack accounts will make their money, but they probably will loose a bit on their last account, but their ROI on all other accounts will more than make up for it.
I see this as just another webmaster trying to put down the competition.
We've all seen this over the years many many times.
Just this morning $29,000 was invested.
As long as 1heluva brings in $10,000, $20,000, $30,000 a day, it will survive.
Yes, it's similar to a pyramid scheme (never heard of a ponzi scheme) it's similar in the sense that some people are going to loose money. Not because of the structure of the program, but because they don't participate by doing their surfing, and a lot of accounts will be lost because they go inactive.
It takes surfing 1 page a month to keep an account active,
If people get deleted for inactivity and loose their money, who's fault is it?
Nobody's but their own fault, but sure, they'll come here and yell scam!
Obviously there are going to be loosers, that goes without saying and i believe Fred's putting all that up front right on the site in plain view only shows he's being honest and not trying to swindle anyone.
Anyone who invests big money, without a downline is a fool, unless they are surfing their 6000 pages and getting 120% a year back
20% a year interest is still better than what yu'd get in the bank or even an IRA today. So i see nothing wrong here other than one more green eyed monster's ranting and raving trying to destroy a program that can make all of us a nice inclome should we CHOOSE to participate.
JAy, i'm surprised at you for posting this here.
I think you should have more common sense than to jump on this bandwagon
You can promote