Is this what I think it is, Pyramid Scheme? Or something like AllAdvantage.com...

[simms]

THERE IS NO REFERRAL IN THIS. I WANT TO CLARIFY THAT.

I was part of AllAdvantage back before it went out in 1999. I do know what pyramid schemes are, yet this company (http://www.worldgamesinc.com/private_stock_exchange/) says they'll also pay out. Now, I know the chances are slim to none, but has anyone ever heard of this company before? I mean, if it's something like AllAdvantage, that was sweet. This might be another variation, but I guess chances are I'm gonna get scammed/too good to be true right?

 

[ROTC1983]

Pyramid schemes are bad :|

 

[LeeTJ]

Originally posted by: simms
THERE IS NO REFERRAL IN THIS. I WANT TO CLARIFY THAT.

I was part of AllAdvantage back before it went out in 1999. I do know what pyramid schemes are, yet this company (http://www.worldgamesinc.com/private_stock_exchange/) says they'll also pay out. Now, I know the chances are slim to none, but has anyone ever heard of this company before? I mean, if it's something like AllAdvantage, that was sweet. This might be another variation, but I guess chances are I'm gonna get scammed/too good to be true right?

it doesn't seem to be a pyramid scheme to me, but i wouldn't be surprised if they got investigated by the SEC. it's sounds like market manipulation to me.

 

[simms]

Apparently they offer a stock that guarantees not to crash, because everytime you sell your stock 30% of your earnings goes back into the fund. It keeps refuelling itself, until it gets to a high value, then splits. Then we get like 15:1 stocks and it goes again and again...

But where does the profit come from?!