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From: enough on 15 Mar 2010 22:24 On Mar 14, 1:39 pm, gms2645 <gms2...(a)rogers.com> wrote: > 1,000-50,000 DOLLARS IN 20 days > By superkid > This is NO joke! > A while ago, I was browsing newsgroups, just like you are now' Wow! Shows how little changed since the 1990s. Here is why a pyramid scheme will eventualy fail, and fail quick http://www.sec.gov/answers/pyramid.htm Pyramid Schemes In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same. The fraudsters behind a pyramid scheme may go to great lengths to make the program look like a legitimate multi-level marketing program. But despite their claims to have legitimate products or services to sell, these fraudsters simply use money coming in from new recruits to pay off early stage investors. But eventually the pyramid will collapse. At some point the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and many people lose their money. The chart below shows how pyramid schemes can become impossible to sustain: (chart pn their web site) Pyramid | # of people needed to keep it going levels | | 1------------------6 2------------------36 3------------------216 4------------------1,296 5------------------7,776 6------------------46,656 7------------------279,396 8------------------1,679,616 9------------------10,077,696 10----------------60,466,176 11----------------362,79,,056 12----------------3,176,782,336 13----------------13.060.694.016 <====More than the world's population |