The Pyramid is Collapsing. And I’m happy to show you what a collapsing pyramid looks like courtesy of my Fellow Nay-sayer, Tracy Coenan. At her Fraud Files Blog, she recently posted;
Sent: Thursday, July 01, 2010 10:59 PM
Subject: Proposal for a New Company!
From: Richard Schaffer
Everyone,
In lieu of all the challenges and difficulties that we have all been struggling with over the last 12-18/m, I genuinely believe that it is time that we all accept a few very harsh realities. But before I get into that, the primary reason for this e-mail is that I have an idea, a proposal really, that I truly believe with everything in my soul can absolutely change the direction of our Company moving forward!
What I am about to say is not intended for anyone (nor has it been shared with anyone) not included in this e-mail. But I think it’s time that someone said what everyone is already thinking – but everyone is apparently afraid to actually say out loud. Let me begin by trying to set the stage with 10 main points regarding what is really happening, how everyone (actually) feels, and what is going to inevitably occur if we don’t take some very drastic measures fast!
The ‘Network’ is dead, and it’s not coming back. This is not intended to be negative, it is simple being honest and realistic. I don’t think it even matters if we launch V5, complete ‘Step’ 3, change the Company/Product name or change our comp plan or the MLM commission platform. There has simply been too much damage done for too long. Read the rest here if you wish at Tracy’s Ufirst Financial: This is what a collapsing pyramid looks like.
Amazing that this program is still being sold. It’s nearly two years that I’ve been writing about this scam, and despite my inclination to just call it quits, it’s tough to ignore a scam like this as it offends my senses. The sellers of this scam are taking advantage of people’s ignorance. The letter excepted above is at least an indication the end is near. Let’s hope so.
Joe
I hadn’t heard of this scam until your last blog post about this topic. It’s hard to believe that this has been in existence for two years. Thanks for sharing this information. I do think it is valuable to share.
You may never have run into it. That’s half the problem, too many victims don’t see the truth until it’s too late. Now if you hear about this, you can avoid it or help a friend keep from getting scammed.
The information was an eyeopener that will enable the readers to actually see for themselves and evaluate their current financial situation. This post will help us all to develop consciousness to relative scams that are greatly affecting the financial stability of lots of people.