OK I have been asked by a close friend to join a Pyramid Scheme - HotUKDeals
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OK I have been asked by a close friend to join a Pyramid Scheme

I_love_shopping Avatar
7y, 10m agoPosted 7 years, 10 months ago
He has asked me to join the pyramid scheme that he uses and said i just have to put £100 in and i should get £700 back. I said it sounded to good to be true and must be a scam! What does everyone think, I have asked my friends and none of them have any idea what i should do. He said hes on course for 24 grand!!! Ahhh help please!
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I_love_shopping Avatar
7y, 10m agoPosted 7 years, 10 months ago
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#1
not much of a friend then, avoid at all costs
#2
lol...this is going to end well...
#3
hmmm

I joined a pyramid scheme once and i made £100 for doing hardly anything and spending £0.00 to get it.

Making 24k is aload of rubbish tho
#4
chance £1 here

http://hotukdeals.com/forums/showthread.php?t=316772&page=3

all of you actually -:-D
#5
well aparently hes on the last level or summit. i don't really understand it so didnt want to just jump in if ya no wot i mean! thanks for the advice guys much appreciated :D
#6
never heard of it
#7
I'd not touch it with a ten foot barge pole!
#8
Go for it - if you want to lose your money and get no return.

People who join these scams invariably lose out. :thumbsup:
suspended#9
do you wanna be at the top? therefore you may not be able to pass it on ( or in other words con people )
if you have a spare 100 pass it on to sally army etc, feed the homeless.
or put it on any horse 100 to 1. lol
#10
I_love_shopping;4046397
well aparently hes on the last level or summit. i don't really understand it so didnt want to just jump in if ya no wot i mean! thanks for the advice guys much appreciated :D


probably desperate to recruit you so some future unlucky soul gets scammed :x

they use these tactics all the while, surprised people still fall for them, only the ones starting them up prosper......then go into hiding
#11
I believe pyramid schemes are illegal.
Unless you are right at the top you will lose money.
Avoid at all costs.

Edit: yes, pyramid schemes are illegal, look here http://www.consumerdirect.gov.uk/watch_out/scams/pyramids-chains/ and here http://www.lincs.police.uk/index.asp?locID=170&docID=-1 for some info.
#12
Thanks Again! Don't think ill be putting my money in to that then!! save it for a rainy day me thinks!!
#13
tell us more info, it might not be a pyramid scheme even?

especially if there based in the uk and not egypt
#14
Don't start this, too many people get hurt.
#15
choc1969
not much of a friend then, avoid at all costs


seconded
#16
sickly sweet
I believe pyramid schemes are illegal.
Unless you are right at the top you will lose money.
Avoid at all costs.


They are illegal.

Shop your friend, and don't visit them in chokey.
#17
On another note. OP do you know that you have a username extremely similar to another member.

iluvshopping



You might want to contact Admin and get it changed.
[Moderator]#18
Definalty avoid.... pyramid schemes are a total scam.
#19
hes asking you to join so he gets the credit for it through his personal link probably.

avoid i say.

although they DO and CAN work as ive done it once myself and gained.
#20
He said hes on course for 24 grand!!!


i lol'ed
#21
bernad madoff ran a highly successful pyramid scheme, he was well known on wall street so got away with it but finally got caught after owning up

some of the biggest banks in the world lost BILLIONS ..... he is on house arrest and awaiting sentencing for it :)

don't do it ....... join our £1 club as holly100 said :)
#22
I_love_shopping
Thanks Again! Don't think ill be putting my money in to that then!! save it for a rainy day me thinks!!



You are a wise person. :thumbsup:

Well done!

Now go and enjoy a good night's sleep.

And choose your friends more carefully next time. :-D
banned#23
Only join if you are convinced you can con other people to join.
Your income depends 100% on you being able to get lots of other people to give you £100.

Think about it ^
#24
If he's on course for £24K then ask him to lend you the £100. You can pay him back £200 in a couple of weeks when the money starts pouring in.

Go for it, I say :roll:
#26
faevilangel
bernad madoff ran a highly successful pyramid scheme, he was well known on wall street so got away with it but finally got caught after owning up

some of the biggest banks in the world lost BILLIONS ..... he is on house arrest and awaiting sentencing for it :)

don't do it ....... join our £1 club as holly100 said :)



If we are going to be pedantic, which I am, Bernard Madoff ran a ponzi scheme.
#27
iNSOMANiAC
If we are going to be pedantic, which I am, Bernard Madoff ran a ponzi scheme.



. . . . . which the financial press explained as being "equivalent to a pyramid scheme". :)
#28
Avoid like the plague
banned#29
Im being stupid, but in idiot terms can someone explain EXACTLY what happens in one of these?
#30
caraluvskittens
Im being stupid, but in idiot terms can someone explain EXACTLY what happens in one of these?


This should cover all you need to know
#31
There was a huge Pyramid Scheme where I live that made the National News and eventually made them change the law to make Pyramid Schemes illegal.
The people who start it make a money but most lose out.
And if you make money from it - it will be your friends who lose out so do you value your friends?
#32
Thanks guys for all the replys!!! i really do think i will avoid it - wasnt so sure but am now - especailly if it is illigal!!!!!!!!!! but as one of you said ask him if you can borrow the £100 i did think of that lol but he sayed no!! hmmmm haha!! I did say to him that i don't know many people who would just give up £100 its alot of money!!
#33
thesaint
On another note. OP do you know that you have a username extremely similar to another member.

iluvshopping



You might want to contact Admin and get it changed.


I like my name:( do i need to change it ? i wanted the iluvshopping but it wouldnt let me cos someone already had it lol

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