Help me describe YMMSS

[mercinary]

For those of you who are familiar with YMMSS, I need a 1 paragraph blurb about what YMMSS is, and what makes it questionable. I'll be using this info to start a YMMSS consumer movement similar to these threads:

http://www.matrixwatch.org/forums/showthread.php?t=1946

http://www.matrixwatch.org/forums/showthread.php?t=1775

-Merc

[Salsa]

YMMSS is perhaps the largest doubler/Ponzi scheme ever on the Internet. It is financed by new member "advertising purchases" which are then used to pay 200% commissions to earlier "purchasers." This is a scheme that is mathematically impossible to sustain. YMMSS claims to have paid out nearly $94,000,000 in commissions since its inception on June 11, 2002. Actual revenue, however, is estimated to be something less than $60,000,000, with the administrators of the scheme taking more than half of that.

[mercinary]

Good summary. I'd appreciate any other input as well. I'd also like a couple of lines suggesting exactly why a consumer will lose out on investing with YMMSS and also a couple of lines suggesting why a victim should come forward to join the Matrixwatch consumer movement against YMMSS.

Note that this thread is not an open debate. I'm only looking for descriptions provided by victims and victim advocates. In other words, pro-YMMSS folks are (as always) free to post whatever they wish. I will not be considering those arguements for my formal documentation.

-Merc

[surfer]

I've never been good at summarizing. :)

But here's a couple thoughts.

Are you planning to edit the description if/when
the new pay structure goes into effect?

I guess the biggest reason members will lose is
because they are being encouraged to "build
their business" by purchasing as much as they
can afford in order to get as many positions as
possible in the matrix.

They are then expecting to be paid an unspecified
amount forever on each "share" purchase with the
share pool being further diluted each week requiring
YMMSS revenue to grow each week forever to keep
share values the same.

Maybe someone can mix that into a summary. :rolleyes:

[Salsa]

Good summary. I'd appreciate any other input as well. I'd also like a couple of lines suggesting exactly why a consumer will lose out on investing with YMMSS and also a couple of lines suggesting why a victim should come forward to join the Matrixwatch consumer movement against YMMSS.

Note that this thread is not an open debate. I'm only looking for descriptions provided by victims and victim advocates. In other words, pro-YMMSS folks are (as always) free to post whatever they wish. I will not be considering those arguements for my formal documentation.

-MercNo problem! I was trying to keep it (painfully to me) succinct, as in your examples. Here's some more basic info. Edit this down as you wish. Also, I'm a tolerable copy fitter, so ask me to have another go at it if you wish:

YMMSS first guaranteed that members would double their money in 90 days or less. When 90 day cycle times were exceeded, that guarantee became only a "goal." Cycle times are currently 273 days, and now even the 90 day goal for doubling members' money has been abandoned by YMMSS. It is developing a new--not yet fully know--payment plan.

Individuals should absolutely not invest new money in YMMSS. Please note that the "current" cycle time of 273 days is the number of days required for purchases made in October 2004 to pay a 200% commission. At the current rate of YMMSS's decline, it would take some 20 years to pay a 200% commission on purchases made today--which means never.

The new payment plan will not remedy this problem. The basic violations of math will still exist. The new payment plan can give only minor relief to established members who own already-mature positions. It seems all but impossible that the cost of any new purchases can be recovered through the new scheme, much less show a profit.

Only members who are now on the verge of cycling may currently expect to recover their money. For all others, the best remedy is to file complaints with the necessary authorities.

Matrix Watch is your advocate here on the Internet. Please help yourself and your fellow YMMSS members by using Matrix Watch to find the best possible remedies for your losses.

And, Merc, thanks for doing the sticky!

Salsa
____________

[Salsa]

Oops. I hadn't seen that you actually had the sticky up when I posted. Excellent!

[Dreamer]

Ymmss pretends to be an advertising company allowing their members to buy advertising space on a private forums thread and offering them to double their money in 60-90 days. To prevent being called a ponzi, they claim they are offering a product (advertising space), although most members dont have anything to sell, and there are no statistics generated by the success of their advertising. They claim to pay its members based on the service that its members are performing, spending 30 minutes a week looking at ads. It also claims that it has so much in outside sources of income coming in, although history shows less than 10% comes from outside, and the management of the ponzi takes 25%. As with all ponzi's the memberbase isnt given facts about the inner workings of the business.

Thru the deception and lies, ymmss memberbase has been able to sustain itself by appearing to be an almost religious fanatical following treating the founder as some sort of demi-god. And now that this ponzi is failing pretty bad, the owner, still true to the ponzi world, has attemped to create a new pay structure, though he still pays off the older members more than the newer members.

Ok, i'm not good with summaries either.

[macs]

I like what you are doing here, may I suggest that we were told that evenif you only made one $10 epc purchase, that 10 would turn into a six figure income someday. this is what has be burning. then there is the claim via website. we can all put our epcs to claim via website, but with the increase in cycle days, by the time the new system is implemented, Kim will do away with the claim via website and all our 320's will be gone. Our only hope is to continue reading the stupid ads and buying epcs. What a joke, I am so sorry that I got my kids and my friends into this mess. Now I am on the outs with them.

[Salsa]

Hey macs!

I gave you the link to the Complaints thread, yesterday, but now the place to go is the brand new The YMMSS Consumer Movement (http://www.matrixwatch.org/forums/showthread.php?t=2969) sticky that Merc has put up for us. It is a terrific resource for helping to get remedies for YMMSS members.

Please go there and be counted! In an effort to set things right with your friends and family, swallow hard and encourage them to be counted here, too. It's only one thing you'll need do to set things right with them, but it is a good place to start.

I wish you well,
Salsa
__________

[Arzel]

Salsa,

I like your description. I was going to try and write up something myself, but don't know if I could provide a better analysis.

[eedocsmith]

I guess the keyword must be cycling? Didn't somebody invent a `perpetual motion' machine, back in the early 20th century?! I believe it might have been Mr Heath Robinson. There were a lot of belts, pulleys, weights, wheels and seesaws balanced on pyramids......did I say `pyramids'?! That could solve global warming at a stroke!
CheersEEDS