| Therefore, we
urge you and all members to learn what a “Pyramid
Program” is and why 10pays is not such a program.
Pyramid Programs (also known
as Ponzi Schemes, Airplane Plans, Chain Letters, etc)
have been around for a long time and are illegal virtually
worldwide. They are often promoted as a “Get
Rich Quick” investment plan or a “Guaranteed
Money Maker” and there are many variations.
Typically, the new recruit or
“investor” is required to pay a rather
large sum to join (although chain letters are often
of a smaller amount). The promise made is that once
you join and pay your money, you will “move
up” through several levels as more new recruits
join and eventually you will reach a certain point
where you will receive much more money than your original
“investment” back. This money will have
come from the people who paid to join after you.
The problem with all pyramid
programs is they require the continual recruitment
of new members to keep functioning. Once the supply
of willing recruits drops, the movement up the "levels"
stops and the game is over... Everyone who has not
reached the top level loses their money.
It is estimated that over 85%
of the people that have been involved in these programs
have lost money. |
