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Just to be fair with my last post/offer
5/19/2008 6:45:38 PM
For anyone submitting a program for me to scrutinize and to do due diligence on I ask that you show me where you did your due diligence. I'm not here to do your homework for you. I still will do the diligence of looking into the program whether it's legal or not and submit it to the FTC and FBI. I will also submit it to the Direct Sellers Association to see how it fairs with their code of ethics.

Don't know about DSA? Here's where you can find more info on them. They work closely with both business and FTC. If you get their blessing you get their seal and your site is valued for it's business practice.

Code of Ethics

Ok, back to where I was in looking at a high priced program. Already ... I'll save it for another post.

Kenneth R Sword Jr



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Re: Just to be fair with my last post/offer
5/19/2008 8:26:34 PM
Breast Cancer Awareness On My Site! http://www.freewebs.com/nicksym Free exposure that works http://www.webbizinsider.com/Home.asp?RID=55242
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Re: Just to be fair with my last post/offer
5/27/2008 11:56:01 AM
Hello Ken,

I have to ask where and how do you submit a business to the FBI for deciding legality?

May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
Everything You Need For Online Success


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Re: Just to be fair with my last post/offer
5/27/2008 2:04:36 PM
An example of what they look into when you report a business:

Advance Fee Scheme


An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value, such as a loan, contract, investment, or gift, and then receives little or nothing in return.

The variety of advance fee schemes is limited only by the imagination of the con artists who offer them. They may involve the sale of products or services, the offering of investments, lottery winnings, "found money," or many other "opportunities." Clever con artists will offer to find financing arrangements for their clients who pay a "finder's fee" in advance. They require their clients to sign contracts in which they agree to pay the fee when they are introduced to the financing source. Victims often learn that they are ineligible for financing only after they have paid the "finder" according to the contract. Such agreements may be legal unless it can be shown that the "finder" never had the intention or the ability to provide financing for the victims.

Some Tips to Avoid the Advanced Fee Schemes:

  • If the offer of an "opportunity" appears too good to be true, it probably is. Follow common business practice. For example, legitimate business is rarely conducted in cash on a street corner.
  • Know who you are dealing with. If you have not heard of a person or company that you intend to do business with, learn more about them. Depending on the amount of money that you intend to spend, you may want to visit the business location, check with the Better Business Bureau, or consult with your bank, an attorney, or the police.
  • Make sure you fully understand any business agreement that you enter into. If the terms are complex, have them reviewed by a competent attorney.
  • Be wary of businesses that operate out of post office boxes or mail drops and do not have a street address, or of dealing with persons who do not have a direct telephone line, who are never "in" when you call, but always return your call later.
  • Be wary of business deals that require you to sign nondisclosure or noncircumvention agreements that are designed to prevent you from independently verifying the bona fides of the people with whom you intend to do business. Con artists often use noncircumvention agreements to threaten their victims with civil suit if they report their losses to law enforcement.
http://www.fbi.gov/majcases/fraud/fraudschemes.htm

There is more and you can use the links below.

Pyramid Scheme

Pyramid schemes, also referred to as franchise fraud, or chain referral schemes, are marketing and investment frauds in which an individual is offered a distributorship or franchise to market a particular product. The real profit is earned, not by the sale of the product, but by the sale of new distributorships. Emphasis on selling franchises rather than the product eventually leads to a point where the supply of potential investors is exhausted and the pyramid collapses. At the heart of each pyramid scheme there is typically a representation that new participants can recoup their original investments by inducing two or more prospects to make the same investment. Promoters fail to tell prospective participants that this is mathematically impossible for everyone to do, since some participants drop out, while others recoup their original investments and then drop out.

Some Tips to Avoid Pyramid Schemes:

  • Be wary of "opportunities" to invest your money in franchises or investments that require you to bring in subsequent investors to increase your profit or recoup your initial investment.
  • Independently verify the legitimacy of any franchise or investment before you invest.

And if you feel you have been defrauded by a site:

http://www.ic3.gov/

Good question Jim and thanks for asking.

Kenneth


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