ANY VERSION OF THESE WILL GET YOU IN JAIL IN US, CANADA, UK
AND MEMBERS OF THE EUROPEAN COMMON WEALTH!
HOT – POPULAR INTERNET PYRAMIDS
OVER 11,550 OWNERS AND PLAYERS ARRESTED LAST YEAR
The darling of online pyramid scam artists is the 2×2 – 3×5 matrix (or bigger). The identifying feature of what makes it a pyramid is that you have to “Fill” up the pyramid to get paid. Filling up the pyramid is head hunting and makes it illegal in allmost all states and to the Feds. Here is how it works except dollar amounts will vary:
0 ———– You pay $180 to Play the Pyramid Game
0 0 ——– 1st level 2 @$180 every sucker pays you bring in!
0 0 0 0 —— 2nd level 4 @$180 more suckers that pay to finish the pyramid!
. Filled? You collect $170!
. Congratulations your first step to jail!
New “Rollover” Pyramid CYCLE starts – The words Cycle, rollover or start new matrix
0 ———– You pay $170 to Play the Pyramid Game
0 0 ——– 1st level 2 @$170 every sucker you brought in above in #1
0 0 0 0 —— 2nd level 4 @$170 more suckers from #1 to finish the pyramid!
. Filled? You collect $600
. Congratulations your second step to jail!
New “Rollover” Pyramid CYCLE starts
0 ———– You pay $500 to Play the Pyramid Game
0 0 ——– 1st level 2 @$500 every sucker you brought in above in #1
0 0 0 0 —— 2nd level 4 @$500 more suckers from #1 to finish the pyramid!
. Filled? You collect $1000
. Congratulations your third step to jail!
More matrix fillups to get to $5250…
All you have to do is sign up 6 people on your 2 levels in a pyramid scheme and you collect $170! And don’t worry you will be getting spillover from your upline it will be almost automatic to fill the 6 positions under you with each paying $180. Pyramid scheme Bullship! Then you arer promoted to the next matrix “Leader” and collect $500 in this pyramid scheme – Then on to the next Director Matrix and collect $1000! – Then fill up a Director Marix and collect $2250 – Then a special President’s Matrix will pump out $5250… and hold you in for more and more $5250’s!!! WOW!. Keep bringing in the sheep to the pyramid scheme and get rich! In reality I have been through the books of Pyramid Schemes like this after the government closed them down. The actuall average payout is around 14%. That means $22! Why? In most Matrixes and especially pyramid scheme matrixes spillover is a myth! Over 90% of the people who join these pyramid schems never finish a matrix. To discourage people some regulatory agencies are charging the top winners in the Pyramid Scheme when they bust them. So if you do end up a winner in this pyramid scheme lottery you may find yourself spending $10,000 on lawyers in court to stay out of jail (good luck)!
Oh Yes They Cycle – Theoretically after you fill the first pyramid scheme 2×2 matrix you can take your money and go into a next level pyramid matrix with the $150 you made out of the first. That 2×2 pyramid scheme matrix will supposedly generate $500 (example) when filled. Yes, there are other pyramid scheme matrixes to go into on the “rollover” to get you into “grand larceny” charges by state and local governments (Grand Larceny charges usually start at about $2500). That way you are not charged with pyramid scheme laws…You are charged for Grand Larceny! WOW! More Fun! You can bypass all that court hassle and go to the Big House and live with Bubba as your cellmate for only $2500. More fun than Vegas, huh?
MERIDIAN ART HIDES A PYRAMID PLAN
27 Mar 2003 – 2X2 / 3X3 MATRIX
Editorial: I would like to meet the person that wrote the Meridian Pyramid pay plan. As a complan designer (legal ones only) I have a great admiration for who ever wrote this. I am going to declare it the slickest rollover pyramid sales plan of the decade!
First, Meridian Art starts out suggesting “by purchasing the 3 images shown below from our exclusive online galley you would receive a total of 9 Art Reward Tokens giving the potential to earn up to $9000 in sales commissions.” That means you plunk down $900 bucks to play the game @$100 per token. Reports to me indicate that a lot of people are doing the $900. Great move! Talking about tokens (U.S. law enforcement calls them vouchers sometimes) detracts from “head hunting recruitment” = slick move!
Then you fill up a normal little 2×2 pyramid matrix with six tokens. Another stroke of genius you have to get 8 more tokens (vouchers for $100) underneath that little pyramid matrix (in any pattern) to collect $200. A little low by pyramid matrix standards, but not bad. This is an advanced development in pyramid matrixes because it increases breakage, restricting payouts on those that pop $900 for a starter package.
Once the requirements above are met your “token” ($100 position) becomes magnetic (old pyramid term “rollover”) and starts its own new 2×2 pyramid matrix that pays out $800 for a total income of $1000. If you successfully fill up all the secondary “Magnetic Matrixes” you get $9000 from your original investment of $900. Most people won’t be able to. After time goes along it will be hard to get more players and the pyramid will fall apart. Why? Will Customers (those not participating in the pay plan) buy the paintings? Can pyramid players go out and sell the paintings for more than they paid for them? Here is a predecessor of Meridian (selling art check prices) http://www.artdirect.com
Risk Analysis: This is a problem for U.S. regulators. Meridian is moving to Malta with no pyramid laws. Their server is still in the UK and that is a risk since the UK regulators are strict. With the rapid growth Meridian will attract attention. We saw International action with SkyBiz and probably the first time that International regulators started action together. Prediction? Nothing will happen until Meridian collapses! Award goes to them for top pyramid of 2003!
Advice: run from this the FTC has named distributors as defendants in cases in the past! Company out of reach? If you live in the U.S. you aren’t!
International Action on Pyramids http://www.ftc.gov/speeches/other/dvimf16.htm
If you have any question of the legality of this report contact the Office of Associate Director for Marketing Practices Federal Trade Commission Bureau of Consumer Protection in Washington DC.
AND HE WILL TELL YOU THIS IS ILLEGAL, BUT HOW MANY FOOLS DON’T ACTUALLY CONTACT THE FTC!
MERIDIAN ART SCAM UPDATE
23 Mar 2003 — money for vouchers and vouchers for lithographs of repainted art sets new world record for scam $3.8 million the first month in action. Wow!