Pyramid scheme

H

HOLY MAnIAC

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I have a friend who has been ripped of by someone running an apparent Pyramid scheme.

Just wondering is there anything at all that can be done, any advice would be appreciated.
 
The problem is the money was all given in cash... so it will be hard to track.

though, I believe the culprit has hoodwinked many people.

Is there any chance of getting the money back?
 
Do you have a paper-trail? If so, you can lay a charge with the SAPS, but do as much homework as possible beforehand. No paperwork - write it off. We had a supplier who promised to sharpen some key-cutting blades. So I sent 2 and they came back fine. Sent another 12 and he stole the lot. Eventually (after 18 months) got him arrested and got some of the money back.
 
Remove said bright spark from the gene pool,report the thief for fraud at the cops and at the FSB
 
You cant tell people not to get involved in pyramid schemes. Their greed over rules their rationality.
 
Will find out what he has.

You know the worst part of it is, It was a friend supposedly that did this to him.
 
Speaking in general, I also do not understand how people believe the con artists when they tell them that they will receive more interest than they can get at a financial institution?
 
blunomore said:
Speaking in general, I also do not understand how people believe the con artists when they tell them that they will receive more interest than they can get at a financial institution?
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It's easy they show someone who actually received those outrageous rates. That's why it's called a pyramid scheme, those at the top do receive large amounts & they go show it to their friends and families.
 
R13... said:
It's easy they show someone who actually received those outrageous rates. That's why it's called a pyramid scheme, those at the top do receive large amounts & they go show it to their friends and families.
Click to expand...

Which is why organisations like the NCC tried to publicise pyramid schemes and warn people not to get involved.
 
blunomore said:
Which is why organisations like the NCC tried to publicise pyramid schemes and warn people not to get involved.
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People are greedy and some desperate. You can't argue when you see your neighbour driving a R800K whip on a teacher's salary and telling you how they made their money.
 
R13... said:
People are greedy and some desperate. You can't argue when you see your neighbour driving a R800K whip on a teacher's salary and telling you how they made their money.
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Agreed... but my common sense tells me , if its too good to be true.. then you know. Yip.. the top pyramid oaks make a killing.. but if you then climb in and loose your $$, then don't cry (like the OP's friend did). He knew the risk...
 
R13... said:
It's easy they show someone who actually received those outrageous rates. That's why it's called a pyramid scheme, those at the top do receive large amounts & they go show it to their friends and families.
Click to expand...

My dad is also into those things & he's forever showing me the sms's from the bank.
 
How he *cheats* the system...

If they say you need to recruit 10 people to move to the next level & an additional 5 people to move to the top level. He simply brings 15 family members & pays for all of them, then already he's at the top level.
Then the people he actually recruits after that, are the ones who join beneath the *dummy* members & this in turn pushes him to the next level/tier. By the time the scheme collapses, he's already recovered the 15 mebership fees & their earnings, as well as his collections from being right at the top. It works for him because he has lots of money to play around with, but for the average joe, not recommended!
The last scheme that collapsed he lost R120 000, but by then he had already made R430 000, after only investing R15 000 (R1 000 for each *new member*)! insane!
 
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