Received a Letter from the BBB today

[spydrman]

My complaint was outside the purview of the Better Business Bureau. They were forwarding my complaint to the MS Secretary of State's office, for their consideration.

I complained to the BBB of Mississippi about EzExpo because I cycled and received nothing and it's been well over 4 months. I described in great detail the amount i paid, when i paid it, and the guarantee that is present on the ezexpo site and other info that may be helpful.

I also received a pamphlet from the BBB and it opens up like a normal pamphlet, and on the cover it says "Tips on... Multi-Level Marketing (How to tell a Legitimate Opportunity from a Pyramid Scheme). This has some interesting info inside, and I will post it later if you want to read.

You can also order this pamphlet from the BBB, please specify publication No. 24-239 MBL101196

[poorme]

BBB works with amagic ????
Probably it is up to the state that BBB is at.

[spydrman]

poorme,
Are you replying to the wrong thread? I really didn't understand your reply.

[spydrman]

The section of this pamphlet published by the BBB has a section called

Watch out for "Pyramid" Schemes

"Pyramid" schemes concentrate mainly on the quick profits to be earned by selling the right to recruit others. The merchandise or service to be sold is largely ignored, and little or no mention is made regarding a market for the products. Pyramid scheme participants attempt to recoup their investments in products by recruiting from the ever-decreasing number of potential investors in a given area.

Unless you recognize the tactics of a pyramid scheme, you may find yourself tempted to become involved. Here's a typical example:

You have just been invited by a friend, neighbor or colleague to attend an "opportunity meeting" to find out how you can earn lots of extra money. You go, thinking this may be a way to build a business on your own. In a frenzied, enthusiastic atmosphere you are told how easy it is to realize a fabulous return on your investment. A smooth-talking organizer may try to convince you that his plan is an exciting short cut to riches, easy living and early retirement. To invest you usually have to pay a large fee. The organizer may tell you that you don't have to invest (buy products, courses, etc.), but it is clear you are expected to, or would be a fool not to.

You are confused. You are not really sure what the product or service is, or how it's going to be sold. Instead, the emphasis of the meeting has been on the fact that all you have to do, aside from investing your money in the program, is to get others to invest. The plan focuses more on the recruiting of other participants than on selling the product or service.

Consider the results if one person recruited six distributors, each of whom, in turn, recruited six others, and carry the process through nine steps as follows:

1 = 6
2 = 36
3 = 216
4 = 1,296
5 = 7,776
6 = 46,656
7 = 279,936
8 = 1,679,616
9 = 10.077,696

At more than ten million people for every nine steps in the distribution program, the distributors soon would be recruiting one another, In order for everyone to profit ina pyramid scheme, there would have to be a never-ending supply of potential (and willing) participants. Obviously, there isn't. When the supply runs out the pyramid collapses and most participants lose their investment.

The tragic aspect of pyramid schemes is that they concentrate on and exploit people with limited means and limited knowledge of business - people who can ill afford to lose the investment they put into the program. Thousands of unsuspecting and trusting investors have lost millions of dollars by investing in pyramid schemes. Even worse, the schemes have robbed some retired persons of their life savings.

Pyramid schemes are illegal throughout the United States. Keep in mind, however, that it is difficult to prosecute these schemes; most often the money invested is lost.

It's always a good idea to check your Better Business Bureau for a reliability report on any company in wh ich you are thinking about investing. Also, if you feel you have been defrauded, your state attorney general may be able to advise you of some possible recourse.

[MatrixWatch]

Pyramid schemes are illegal throughout the United States. Keep in mind, however, that it is difficult to prosecute these schemes; most often the money invested is lost.

But, if you go after these businesses for running illegal lotteries, and you win in court, then the law has certain ramifications against aiding and facilitating these sites. What does this mean? It means that if you can charge a matrix site with an illegal lottery misdemeanor, then you can also go after their pay company, which in some states means 100% restitution to the victims. That is why what we do at Matrix Watch is so significant. We have the possibility of being one of the first watch-dog groups to go after a marketing scam and get people's money back for them! That is why government authorities are logging onto our site, and that is why the government offices take us so seriously.