Tuesday, 14 May 2013

MY Money Tel - another pyramid scheme, this time in Zim

Thanks to my good friend Kasey Chang for noticing MT Money Tel in Zimbabwe.

It's not hard to establish that this is a pyramid scheme, the clues are on their own web site. Are these images enough evidence for you?

I still find it surprising how many pyramid schemes include diagrams showing pyramid structures.

And in 5 months you'll have recruited 100,000 people beneath you? Really?

And then there's the money they imply that you can make. At least this one is honest. Recruiting 20 x 10 x 10 x 10 people (that's 20,000), you'll only "earn" a few thousand dollars?

Luckily others have noticed this scheme and there are warnings about them all over the web.

Be warned. They're only just across the border. How long will it be before we see them or a clone of them here as well?

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