In doing some research today on 'ponzi' I found that the ponzi scheme is named after, Charles Ponzi.


From the site I found:


Ok, sound familiar to anyone? This was in the 1920's. And Fred claims his idea is new. 50% profit from Fred in 30 days, and the money is, as Fred states it, "not mine. It's your money, I am only borrowing it."

http://www.mark-knutson.com/thescheme.html

Hi Paul,

Mr. Ponzi took people's money claiming he would buy shares of stock as an investment, and he was supposed to buy thousands of shares.

He purchased a handful and pocketed the rest.

Fred on the other hand, has already paid out 50% a month Aug 1, Sept 1, Oct 1, Nov 1, Dec 1st

Therefore those that got in in July already received double + their money back.

Unfortunately i didn't get in until the end of Sept, and didn't get my first account up to 50% until November.

I received 50% Dec 1st as promissed.

That's the reason that 1heluva is not a Ponzi Scheme.

I will grant you that it is similar to a pyramid because the ROI or Rebate is solely dependent on future investments but nobody is forced to invest anything.

You can join free, use it as a hit exchange (it's a great one) i get about 30-50 new signups for mec-co-op-paidmail.com daily and 1heluva is the only place i'm promoting it currently.

If you choose to invest, you do have 30 days notice on what the next month's Rebate will be............

Fred is paying....1heluva is legit!!!

I'm not foolish enough to believe this program will last for years as eventually new investors will be hard to find.

On the other hand, those that have already invested and have gotten 600% on their money, will continue to re-invest at least once every 12 months.

So the program will survive, unlike the pyramid schemes.


The original accusation of a ponzi scheme came from Doug WIlliams, another webmaster who is in competition with 1heluva.

All i see this as is webmaster bashing, and Doug williams trying to eliminate his competition.

Fred is perfectly honest, and has enough integrety to post all the negativity right on his site..

Show me one other webmaster who does that?

He even says that if you can't stack accounts or bring in other premium purchasers, then 1heluva is not for you, and advises you not to invest.

Show me any other webmaster who is that honest about the pitfalls of their program.

Take Care,
CArole
aka taxlady

perfect carole!

Again from someone pushing the program to line their own pockets. This is a MLM.
NOTHING CAN GO YEARS paying 600%.

Shadowman...Taxlady herself says she knows this program wont go on for years as has caroline. I dont get why you keep bringing the issue up about MLM. As I have said before I have no personal problems with you. Sometimes you really have some good points But why do you obsess sometimes about things and harp on them? I dont get it? I used to work in mental health for 20 years...I can suggest some good meds for obssessive compulsive behavior..LOL JUST KIDDING dont go off now!!

That's why I'm trying to get all the money I can right now.

A friend of mine has a little invested with the program. She tells me today that yesterday her timer wasn't working right and Fred has now suspended her account indefinitely for surfing too fast.

Simple, their pushing a MLM, that will end. That will hurt people, they will lose what they put into it.
People are putting colleges funds, life savings, totally insane. Greed factor.
The people pushing it have made money. Are they going to cover anyones loses that they get to sign up under them? No

Its a MLM, it could end tonight, next week, next month, but it will end. The very same people who can't afford to lose their money need money. Their the ones who often get left holding the sack.

Defending this program, promoting it is nothing but GREED.

fred fixed this.

server went down and went berzerk.

and this happens to many others and not just 1heluva as everybody knows.

including the gptr programs

so Mr. Isaaf, dont even think about jumping on this one. cuz fred already apologized in his newsletter!!

The only issue is this is a MLM, they're not safe. You can lose all your money. Think before spending. Like one person stated elsewhere. Only put into it what you don't mind losing.

Exactly...People who invested at the begining, are home and hosed....like ILMTL (and way to go on it) but people who are trying to get on the band wagon now, will lose money.....and the people that invest in their lines etc etc...it has to end somewhere, as it is investors money that pays out the higher levels,, when that money runs out and no new investors.....then bang all gone...Fred on the other hand has risked zero nothing, and he is the one who is making all the money.....and you guys are all helping him.....Dont tell me he sets these things up to help you or me...lol..he has his own pocket in mind 100%...pure and simple.....

Here is how i look at is let people do whatever them want to with their own money. But the key is to remember to only invest what you can afford to loose.

Derrick

Only after posting some warnings. Theirs always those that will promote falsely the great benefits and never say a word about the dangers.

LOL, and I suppose whenever you post an add for a "get paid to read" site you post a warning?

Nope?

Didn't think so

Every single site we join on the internet is a RISK!

How many times have people been stung by GPT sites, purchased Gold Memberships, then the site disappears?

So Shadowman, I ask you again, if you post an advert for a GPTR site, do you warn them the site could close at any time, meaning you won't earn anything?

Well whats the difference?

Difference LOL Theirs one heck of a HUGE difference. Say you join a ptr with a payout of 50.00. An don't join a gold membership. The most you got to lose is your time. No cash out of your pocket. You time equals that 50 dollar payout.

Now in mlm or gold games. People a putting large sums of money into them.
I not talking just about a few hundred, were talking thousands of dollars. Ira,
college funds, you name it,

Theirs a few ptrs that bite the dust but many stay. A mlm and e-gold games by their very nature self destruct. The cash flow coming in must be higher then the cash flow going out.

Each and every mlm and e-gold game will end with people losing money, many of them losing money they cannot afford to lose.

One member of this forum advertise a mlm as great way to make money. In fact denied it was a mlm. Not once did she honestly inform about the risk like another different member did.

Those are HUGE differences.

Butting in here but didn't I just see you bashing Carole in another thread?

that was a thread way back in october and we've since then made up and are friends now

People do not hand over their life savings, clean out bank accounts, and cash out 401k's for a gold membership in a paid to read.

This alone implies that there are many who surely did/do not see nearly as much, if any, risk with 1heluva.

getting off the topic of 1heluva.

i'm going to assume you are best friends with ezbucks webmaster

ILostMyTrueLove you can assume anything you want. I am talking about MLMs and gold games.
I don't have to assume anything about you. You push your favorite mlm like theirs no risk. You never stated or warn about the dangers. You even posted claiming its not a MLM. GREED factor, pure and simple. Are you going to cover anyones losses? Nope but you sure want to get them to put their money into a mlm that isn't safe.

An here is the link,
http://www.getpaidforum.com/forums/index.p...430&f=1&t=20493

i offered "advice" my friend.

note the difference.

You offer one sided advice. You only stated the so call pros of the mlm. In the whole other thread not once did you state the dangers of the mlm.

Anyone not telling both sides of these mlm and e-gold games are just misleading people to line their own pockets. Not caring if other lose everything.

Promote mlm and e-gold games honestly. Tell them the dangers too.

Yep, but you still didn't answer my question!

So once again, if you run an advert for one of your GPTR sites that you're a member of, do you leave a warning:

"do not purchase gold memberships because the site may close"?

OR

"don't waste your time, as this site may close"?

There maybe HUGE differences in the sums involved, but surely its the same thing!

no-one I know has invested huge sums "without" knowing the risks involved!

And as I've said over and over again, even the ones investing $5 - $10 are still getting a superb premium traffic service!

Your talking about 5 and 10 dollars. I am talking about IRAs, college funds that Fred has claimed people have put into them. Thousands and thousands of dollars into a MLM. No safeguards, and it will end with people losing everything they have in it.

Well there you go, I'm innocent as charged, as I don't have any such person invested in my downline and once again, if I DID, I would be the VERY first person to tell them of the risks!

Just don't go around claming I'm conning people into throwing life-savings into it!

Also, like I said time and time again, show me one person thats invested these thousands of pounds, totally unaware of the risks?

The only ones I know that have invested heavily, are the ones cashing in thousands a month, so how have they lost out?

Their the same ones promoting this and others MLM. If they rolled it over they could still lose everything. Not everyone warns people. Take the time to read this thread. You came charging in defending with out knowing what you were defending. Its the new ones putting money into mlns that run the risk of losing everything. This mlm has been around for awhile. Do you really think a 600% payout can last much longer?

Go read Freds site, are you saying he is lying about all that money he claims people have invested?

I'm new to this forum and GPTRE, but have ben enjoying doing it thus far and see it as a fun past time, albeit a very slow way to actually earn any significant amount of money.

I've also seen the various referral links to 1heluva and wondered about it. After reading ALL of the postings here, I have to ask--just exactly WHAT are you investing in when you get a paid membership? Unless you have some sort of solid proof of what you've purchased (even in most MLMs you have actually buy something...seems to be a lot of vitamins lately-ugh) then all that's happening is that when you join, your money goes to pay a member at a higher level than you. And that is the very definition of a Ponzi scheme. No goods, no stock certificate, nothing but cash is changing hands and those at the bottom get zip until they have a "downline." If the downline dries up and no more members join, then there is no new money to pay off old investors...and POOF! the program is gone. Of course, before that happens, some of the older investors are usually pressured to invest even more, in an effort to stay afloat, avoid a mass cash-out of original "investments" and not be investigated as complaints to the FTC, various Attorney Generals and others start mounting.

Hasn't anyone seen that movie..called The Millionaires or Billionaires (or something like that) Boy's Club?

All I can say is, stay away from any so-called business opp where you have to PAY to get PAID. Better to put your money into the stock market, even in this bad economy--at least when you lose in the stock market, you can write off your losses.

And before any of you loyal heluva folks start flaming me, sit back and think. Even the stock market isn't paying anything close to a 25% return (as it did in the late 80s and early 90s)...so how can this program?? What could one guy possibly know that thousands of other financial experts don't? I would think that the president would be knocking on his door if it really worked to help with this awful economy.

that's what we all know.. and that's why this program needs new investers all the time to stay alive..

BUT.. as we all are pointing out that this program cant make that much the 'normal' way.. arent we saying this is a Ponzi scheme?

Well here is a post on the forum owners view of mlms.

lgwong Posted: Dec 16 2002, 09:49 PM



Expert Members


Group: Administrators
Posts: 2784
Member No.: 2
Joined: 26-June 00



I personally think all these are illegal pyramid schemes. But many members don't understand the difference between MLM, pyramid schemes or multitier affiliate programs. There are already adequate negative opinions on these threads to balance off the promotion. I don't think we need to stop these threads as they are good grounds for members to learn the difference.

--------------------

http://www.getpaidforum.com/forums/index.p...=0&f=9&t=21232&

opps wrong thread

dont have to make any kind of claim for me lol

i took my kids college fund for 1heluva.

and I'm glad I did!

because 5.25% vs. 600% that I am making is 1heluva difference!

So you been claiming. Sounds like a mlm marketing con statement. No one in their right minds would take their kids college funds and put it into a mlm that can go bust anytime.

Here George just sold his house and put it all into your mlm. Anyone can type
a marketing con hype to get foolish people to put money into these scams.
All mlm die, with many losing everything. Their are no safequards.

bump!!

and that is wherein lies your problem Mr. shadowman.

because i dont get a downline with my rags to riches story.

i get a downline to help my other downline members

and those that surf will get 10%

and those that dont surf will get whatever they want in pennies.

Btw
Please help
Someone wanna sell his account on 1 heluva to me. Is legit or not?
Thx

I hope this helps you eksel decide if their legit or not. This is a copy of the forum owners post. Please remember their are no safequards, its a mlm. It could end tomorrow and you will lose everthing.
Also those promoting want your money in it to keep it going, the last ones to join always lose.