Latest and greatest pyramid scheme

[welo]

Anyone here happen to run across anything from the Power Profit Team? If you head to their site (http://www.powerprofitteam.com) all you get is a blank page, but when you dig further you'll find they have sold all kinds of space on it to buy-in ... err ... entrepreneurs (example (http://www.powerprofitteam.com/dorothyann)). Take a look (http://www.emediawire.com/releases/2004/9/emw161595.htm) at one of their recent press releases.

It gets better. I learned about these guys from someone unfortunate enough to spam me with a Power Profit ad - a whole SWF movie I kiped, hacked and archived. Amazingly enough, it completely details how a classic pyramid scheme works.

Here ya go (http://files.llamasery.com/pyramid.html) (1.6Mb SWF). This particular version will redirect you to the US postal and lottery laws on pyramid schemes (rather than to the ppt.com site via referral url designed to track the hits). Enjoy.

[MatrixWatch]

Good to see you Welo! I'll check this one out.

Anyone else seen or heard anything about this Power Profit Team?

[ycchen]

Wow, the SWF presentation is cool! However, their idea is so uncreative and boring. But it does give you an idea of what a pyramid/ponzi scheme is all about, isn't it?

[welo]

Yep, lol. It's not often you get to see an entire scam described in pictures while they try to sell it to you. Originally I traced the owner of this whole thing to China, so naturally he cannot be touched. Plenty of unsuspecting people elsewhere sure risk doing some jail time though.

[TheWatcher]

thanks for the post welo...glad your keeping an open eye...because this was a clever scam..hope this message reaches more people.