My husband approached me with this program about two months ago, his information was very vague - the person (a member of his family) who presented the information to my husband, made the program sound very enticing and he wanted to join. Right away I knew what it was and told him - No Way - this is a pyramid scheme! Yet he insisted that he wanted to join when he got some money. We never got the opportunity to join. Thank Goodness!!!
I was also approached by another family member and I told her that I was not interested but did not give her the reason why. My husband said that a few members of his family who had already joined had already received the monies there were promised.
How the program works: You join with $500.00 and gain $4000.00 which in a very space of time. You are required to bring in two people to join the group with the same $500.00 and they too will each have to bring in two people. Some groups promise to help you get people to join if you are unable to get people to join. If you are unable to get people to join and you are unable to get assistance from the person you joined under, you would not be able to get the amount that was promised.
My Story: I was involved in a pyramid scheme - just like this one - about twenty five years ago. My friends and I, who were involved in the program, were all excited to reach the point when we could 'withdraw' a certain amount of money after a short period of time.
In my first round, I got the amount I was supposed to! Great! I was able to bring in people and they were able to bring in people. But the second time around, I received about half of the amount I was suppose to receive and the difference was hard in coming. It got to a point where a few people who I recruited were harassing me to get their monies back. I think I had to reimbursement them out of my pocket just to get them off my back.
Now in 2020 this scheme has appeared again - during this COVID-19 pandemic period. A time where many people are not working and are struggling to pay their rent, pay their utility bills. So I could just image how enticing this program would sound to them - the ones who have never heard about a pyramid program before. Its sad though.
My son also joined the program. I found out about it long after. I had to tell him that is a pyramid scheme. I spoke to him a few days ago to get an update and he replied that it is not going well at all.
Check out my blog post in which I share my story about how I was scammed online in 2020. CLICK HERE
