Tell a friend about this page
Haiti - Albania Pyramid Ponzis
Editorial - Lesson to be learned
If It looks to Good To Be True It Is !

27 July 2002 - Co-operatives with many members have long been used in Haiti to buy electric generators, water pumps and fishing boats for villages in Haiti.  They were OK!   Then along came  Pyramid Ponzi schemes (disguised as co-ops) used to "buy income" for participants. They boomed after Haiti's President Aristide off-handedly endorsed them.  Now he has said the government will return the money to people that lost homes and life savings.  Fat Chance!  To do that he would have to shut down many schools and hospitals.  He is just stalling for time.  Aristide also said the U.S. is to blame because we have not showered them with money.

Economists and Investors just shake their heads.  If anyone can produce a legitimate 10% a month return on investment, the world is going to move his or her money there.   Swiss Banks, Wall Street Investment firms and your MLM Watchdog will jump in quickly.  It doesn't exist - suckers always get taken in.  There are no secret trading pools where international banks make 10 and 20 return on investment.  There are 10% returns on money buying/trading and at the same time the money trading losses average .0995%

Basically the Same happened in 1997 in Albania,  one of the poorest countries in eastern Europe.  Ex communist party bosses ran the pyramid ponzi scam giving it the air of validity.  The collapse of the pyramid ponzi schemes there resulted in 27 deaths as people took to the streets in serious rioting.

GRQ  never works!  GRQ is short for Get Rich Quick (GRQ) = JERK!

Pyramid  = as a room fills the head of  the room - they get money and leave.  Room splits and  the next move up in the que to get money.  No products or no products or services of value.  Ponzi below becomes pyramid scheme when "rat dogs" are paidpaid part of Ponzi to bring new people (suckers) in.

Ponzi  =  the first in get paid to provide "bait" to other suckers who rush in on "seeing" proof the first guys are making money.  Made famous in Boston in the 1920's



powered by FreeFind

powered by FreeFind
Tell a friend about this page
WatchDog Online Magazine: Archives INDEX

Annual Network Marketing Cruise: Register TODAY!

DRA: MLM Distributor Rights Association: Meeting

JOIN Today! Watchdog Mail List
This page was last updated on: May 28, 2013
NetWork Marketing
MLM Watchdog(tm)
News letter & Magazine

MLM WatchDog Online Magazine: Archives INDEX
Annual Network Marketing Cruise: Register TODAY!
DRA: MLM Distributor Rights Association: Meeting
JOIN the MLM WatchDog Today! Watchdog Mail List
The contents of the MLM WatchDog are editorial in nature
and protected by First Amendment rights.
This site is partially supported by donations from paid subscribers, donations by 3rd partties and donations from America's MLM Consultants
the worlds leading MLM consultants for Network Marketing, Party Plans and MLM
www.mlmconsultant.com

MLM Watchdog(tm) ~ All Rights Reserved
Web Master: WebPilotExplorer.com