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Original Usenet thread from alt.ascii-art, started 13 Apr 1999.
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Turn 6$ into thousands

Turn 6$ into thousands

alt.ascii-art · 1 message · 13 Apr 1999
Neris <yar...@hkg.net> 13 Apr 1999 00:00 · raw headers · report
Martin wrote in message <371...@t-online.de>...
>Turn $6.00 into thousands...read this to find out how!!! THIS IS NOT A
SCAM!
ya sure...............

Subject:         Re:chain letters currently circulating......PLEASE BE
CAREFUL! {off topic}

watch out for your own interests...........
Pyramid Schemes
What Is It? 


A pyramid is a chain letter that tells you to send  1 of something
ie:{$1.00} or more to the top person on the list and then send the letter
to 10 other people. It is illegal to solicit for a pyramid.
How Does It Work?
The way that a pyramid scheme works is that one person sends out the
letter to other people and collects items or money from them. He then
tells them to collect money from other people. This goes on and on until
the pyramid gets too big. Also there are going to be people who do not
send in money or recruit others. It is usually the people at the bottom of
the pyramid who lose their money  or items because there is no one
beneath them to pay/send to them.
Why Does It Fail?
A pyramid scheme fails when people do not pay or do not recruit new
people. In order for everyone to profit in the pyramid scheme everyone
must pay and everyone must recruit a certain number of people.
What Laws Does a Pyramid Scheme Violate?
It violates both state criminal and civil laws. The Illinois Criminal Code
makes it a Class A misdemeanor (prison sentence of one year and
$1,000 fine) for any person to knowingly sell, offer to sell, or attempt to
sell the right to participate in a pyramid sales scheme.
    "any plan or operation whereby a person, in exchange for money or
    other thing of value, acquires the opportunity to receive a benefit or
    thing of value, which is primarily based upon the inducement of
    additional persons, by himself or others, regardless of number, to
    participate in the same plan or operation and is not primarily
    contingent on the volume or quantity of goods, services, or other
    property sold or distributed or to be sold or distributed to persons
    for purposes of resale to consumers."
A pyramid scheme also violates the Illinois Consumer Fraud and
Deceptive Business Practices Act which is enforced by the Consumer
Fraud Bureau of the Office of the Illinois Attorney General. The law
allows the Attorney General to ask the court to impose a civil penalty in
the amount of $50,000 per violation.
Note: Information based on Consumer Fraud Bureau (October, 1995).
Pyramid and multilevel marketing. Springfield, IL: Office of the
Illinois Attorney General ({HYPERLINK
"http://www.ag.state.il.us/facts/f-pyra.htm"}http://www.ag.state.il.us/facts
/f-pyra.htm).


By the way, whenever you see this sort of fraud being posted or emailed,
you can help do something about it by forwarding it to the abuse addy at
the scammer/spammer's ISP and to fra...@ftc.gov ... which I did on this
guy.

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