| Re: Make money! [message #7505] |
Tue, 26 November 1996 00:00  |
seurer
Messages: 1
Registered: November 1996
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Junior Member |
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While you might make some money off some poor suckers by doing this
be advised that this is a scam called a "pyramid" or "Ponzi" scheme.
It is illegal both in the USA and nearly every other country.
Check out http://www.nwrain.com/ponzi.htm for some information from
the FBI about Ponzi schemes.
Note also that if you follow the instructions to re-post this scam you
will likely (in no particular order) lose your internet account, be
reported to the postal insepctors, be reported to the IRS, and be
buried under piles of email protests.
Check out the US Postal Inspection Service's web site
http://www.usps.gov/websites/depart/inspect/chainlet.htm
which starts:
-=-=-
United States
Postal Inspection Service
Chain Letters
A chain letter is a "get rich quick" scheme that promises that your mail
box will soon be stuffed full of cash if you decide to participate. You're
told you can make thousands of dollars every month if you follow the
detailed instructions in the letter.
. . .
There's at least one problem with chain letters. They're illegal if they
request money or other items of value and promise a substantial
return to the participants. Chain letters are a form of gambling,
and sending them through the mail (or delivering them in person or by
computer, but mailing money to participate) violates Title 18, United
States Code, Section 1302, the Postal Lottery Statute.
. . .
Recently, high-tech chain letters have begun surfacing. They may be
disseminated over the Internet, or may require the copying and mailing
of computer disks rather than paper. Regardless of what technology is
used to advance the scheme, if the mail is used at any step along the
way, it is still illegal.
. . .
--
- Bill Seurer ID Tools and Compiler Development IBM Rochester, MN
Business: BillSeurer@vnet.ibm.com Home: BillSeurer@aol.com
http://members.aol.com/BillSeurer
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