This is not a pyramid scheme!

cormie

My friend has discovered some new scheme in which he is planning to dedicate his time in promoting for the prospect of a high, life-time return. He's pushing me to sign up but something from within is just screaming "avoid!". I don't even know what, I just have the feeling it can't be as good as it's portrayed to be. I'm not interested in the slightest, so I'm not coming here to ask "should I join" but more to point out the reasons I'm not as he doesn't understand my lack of enthusiasm.

He says "It is not a pyramid scheme, because it's legal, checked and people below, can earn more, than those who came earlier ( this is major factor to recognise, is it pyramid or not )..."

I'm not too up to speed on what exactly denotes a pyramid scheme and what doesn't but there's something that doesn't sit right with me hearing that you can get up to 69% of, for example, your shopping bill in Tesco back. Also the fact an initial investment of €300 is required, even though you get this back in the form of e.g. Tesco voucher which you can use straight away instead of cash. What's in my head is, that if half the worlds population were signed up to it (unlikely but just out of arguments sake) and each of them signed up one person, so the whole population was now signed up, then the last 3.5bn people who signed up couldn't gain anything from it and that such a scheme is just built on spiralling downwards with the money rising to the top the more it spreads.

Now this scheme in particular seems to have a lot of top brand names who are associated with it, but that doesn't necessarily mean it's authentic in what it claims.

Is anyone aware of the scheme I'm referring too? It sounds like a mix of a famous brand of tea with a cat

I'm not doubting that he can make money out of it but he has already invested hours of his time into it and so that's to be expected, as with any job and I believe that unless I'm willing to dedicated time to it, which I'm not, I won't gain anything from it, other than a small discount with each shop, but first I need to invest €300 into the scheme, but I'm sure if I was to spend €300 anywhere, I could probably haggle 2% discount anyway.

Basically the way I see it is that unless you're prepared to take it on as a job, you won't magically become loaded. I'd personally rather invest my time into my own endeavours rather than something like this.

Is anyone out there more knowledgeable and able to give a quick synopsis of just why this can't work the way it's promoted to and can eventually fizzle out?

MungBean

Your friend is trying to sell you tesco vouchers for €300 ?

senorwipesalot

Sounds great,where do I sign?

ballsymchugh

barry's cat? what the hell are you going on about?

GLaDOS

First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the trapezoid!

brummytom

What the fuck is PG Tiddles?

MrStuffins

it's not one of those shady Pyramid schemes you've been hearing so much about, it's.......

Damn, beaten to it!

mikom

cormie wrote: »

He says "It is not a pyramid scheme, because it's legal, checked and people below, can earn more, than those who came earlier ( this is major factor to recognise, is it pyramid or not )..."

You're a fuckin' egypt if you believe him.

MrStuffins

cormie wrote: »

Is anyone aware of the scheme I'm referring too? It sounds like a mix of a famous brand of tea with a cat

Barry's Mittens?

strobe

Jesus, we aren't all fans of cryptic crosswords Cormie. Enough of your Lyonslynx stuff. Tell us the name and we'll tell you why we think it will or won't work.

senorwipesalot

ballsymchugh wrote: »

barry's cat? what the hell are you going on about?

Lyons Pussy?Tetleys Feline?

Ghandee

I'm confussed.


Very confussed.

SteelyDanJalapeno

Tetley's Kunt?

WindSock

ScienceNerd wrote: »

First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the trapezoid!

No deal, ScienceNerd. That moon money is mine!

MrStuffins

OP, I dunno what the full details are but i'm in!

skelliser

the irish property bubble/ celtic tiger was a pyramind scheme.

when it went tits up we were left pissing in the wind.

cormie

I guess after hours wasn't the best place to put this for a topical discussion and debate

Lyoness is the scheme.

It may be best to close this thread and I'll start it again in a more suitable forum. I'll leave that up to the mods but if it's closed, I'll restart elsewhere and hopefully that'll be ok.

SteelyDanJalapeno

Don't you dare close this thread op

MrStuffins

cormie wrote: »

I guess after hours wasn't the best place to put this for a topical discussion and debate

Lyoness is the scheme.

It may be best to close this thread and I'll start it again in a more suitable forum. I'll leave that up to the mods but if it's closed, I'll restart elsewhere and hopefully that'll be ok.

It would've been a good place for a debate if you'd told us in the OP or even on the first page WTF you were on about!

Now, if you need information you can use a well known search engline. the name of it has the first syllable like a type of gunk and the second syllable is the same as the second syllable as Google!

EthicRanger

Everybody has different passion...

somebody registered in boards.ie and gained credibility through 14500 posts from 2003

Somebody started idea of connecting shoppers the same year ... and gained credibility as well ... of 2mln customers.

It's no point to blame past, but when interesting information is offered to listen ... your judgements comes without listening it then we can only blame our habbits of ... making one more post for "experts" , who never listened from official sources, yet they heard of pyramids ha ha . They know, they need to stay away from pyramids, but can't recognise, in what limited pyramids they participate now - shoppings, governments, military, churches good luck

Don't get assaulted cormie, because asking for help (when you don't know) it's very helpful... but i hear prejudgments ... and you'll get some confirmations here again
Thanks for post and Good luck!
we are the biggest enemy for ourselves

maxfresh

Stay well away ,i put money in one of those "pyramid schemes" years ago , big mistake

DarkJager

brummytom wrote: »

What the fuck is PG Tiddles?

PG Tips bastard lovechild...a tea on the wild side.

MrStuffins

EthicRanger wrote: »

Everybody has different passion...

somebody registered in boards.ie and gained credibility through 14500 posts from 2003

Somebody started idea of connecting shoppers the same year ... and gained credibility as well ... of 2mln customers.

We can't blame for past, but when interesting information is offered to listen ... and judgements comes without listening it, we can only blame our habbits of ... making one more post ha ha

Don't get assaulted cormie, asking for help, when you don't know, it's very helpful... but i hear prejudgments ... and you'll get some confirmations here again
Thanks for post and Good luck!
we are the biggest enemy for ourselves

Ya wha'?

the groutch

https://www.youtube.com/watch?v=awK0NrgHUbk

MungBean

Might glean some info from this thread.

http://www.boards.ie/vbulletin/showthread.php?t=2056384591

Senna

cormie wrote: »

This is not a pyramid scheme!

Funny how every pyramid scheme says this. As a general rule, if these words are uttered, just stop the conversation and say no.

Mr. Incognito

I find your ideas intriguing and wish to subscribe to your news letter,

Unfortunately all my life savings are invested in Bank shares.

Buy now people............ Oh, wait. Fail.

strobe

cormie wrote: »

Lyoness is the scheme.

Ahh Jaysus... seriously? Lyoness? What year is this? Yes, most people involved lose money.

desertcircus

Wouldn't be this, by any chance?

http://www.boards.ie/vbulletin/showthread.php?t=2056384591

cormie

Not sure if this thread can be revived into proper discussion, my own fault I guess but I've started a new thread in a more relative forum here: http://www.boards.ie/vbulletin/showthread.php?p=76028239#post76028239

Mr Benevolent

It's not a pyramid scheme, it's a Ponzi scheme.

EthicRanger

senorwipesalot wrote: »

Sounds great,where do I sign?

Ha ha
have you've been in Croke Park today?

This joke you said, was told today by area managing director (responsible for 6 countries) , when he arrived home 2.5 years ago after seminar with new idea. He decided he will test this idea with his friend Z, who never says Yes ( you can offer him 10Eur, he will say no). If friend Z will say Yes, then need to start, but he was sure, friend will say No.
So he told this idea to friend Z, explained, that to become business partner needs 2000Eur and.... friend Z said : "Where can i sign?"

ha ha

MrStuffins

EthicRanger wrote: »

Ha ha
have you've been in Croke Park today?

This joke you said, was told today by area managing director (responsible for 6 countries) , when he arrived home 2.5 years ago after seminar with new idea. He decided he will test this idea with his friend Z, who never says Yes ( you can offer him 10Eur, he will say no). If friend Z will say Yes, then need to start, but he was sure, friend will say No.
So he told this idea to friend Z, explained, that to become business partner needs 2000Eur and.... friend Z said : "Where can i sign?"

ha ha

Za??

mackg

brummytom wrote: »

What the fuck is PG Tiddles?

Softcore cat porn.

cormie

Just read parts of the thread which was linked to above. I think if I was to see so much doubt regarding any business, I would stay away, this is no different. I have no desire to sign up to something like this.

EthicRanger

strobe wrote: »

Jesus, we aren't all fans of cryptic crosswords Cormie. Enough of your Lyonslynx stuff. Tell us the name and we'll tell you why we think it will or won't work.

Actually the name, Cormie is refering comes from Celtic legends
it's sinked island around Scotland

MrStuffins

Cormie, there's a general rule for things like this.

If it sounds too good to be true..............

then you'd be crazy to pass up the opportunity! BUY BUY BUY!!!

cormie

I never intended to sign up, I've been arguing my reasons for my disinterest with my friend for hours trying to explain why I'm not interested

Jordan 199

ScienceNerd wrote: »

First, let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the trapezoid!

It actually traps your money!

Piriz

Homer: One adult and four children.
Woman: Would you like to buy some Itchy and Scratchy Money?
Homer: What's that?
Woman: Well it's money that's made just for the park. It works just
like regular money, but it's, er..."fun".
Bart: Do it, Dad.
Homer: Well, OK, if it's fun...let's see, uh...I'll take $1100 worth.

IM0

a pyramid scheme is like being invited to a gangbang, but when you get there you realise the rest are men and you're the one who's going to get fcuked in the ass

kowloon

Confab wrote: »

It's not a pyramid scheme, it's a Ponzi scheme.

This.

im invisible

*** THIS IS NOT SPAM ***

(repost or die)

chucken1

im invisible wrote: »

*** THIS IS NOT SPAM ***

(repost or die)

Looks like Spam/SCAM in disguise to me.

EthicRanger

Senna wrote: »

Funny how every pyramid scheme says this. As a general rule, if these words are uttered, just stop the conversation and say no.

Senna, For me is now more funny, when people "know", that they need to stay away from pyramids, but can't recognise, in what limited pyramids they participate now - shoppings, governments, military, churches etc
all has pyramid structure, but because they don't publicly share, how they share earnings and motivate all customers and staff for aditional job,
it's called ok, it's not a pyramid why? funny

good luck

dxhound2005

EthicRanger wrote: »

Senna, For me is now more funny, when people "know", that they need to stay away from pyramids, but can't recognise, in what limited pyramids they participate now - shoppings, governments, military, churches etc
all has pyramid structure, but because they don't publicly share, how they share earnings and motivate all customers and staff for aditional job,
it's called ok, it's not a pyramid why? funny

good luck

For me is now more funny too.

44leto

It is a pyramid scheme full stop.

Any scheme which depends on fresh income from new members and has no means of earning extra income, is a pyramid scheme. If he does not get burned someone eventually will.

EthicRanger

Confab wrote: »

It's not a pyramid scheme, it's a Ponzi scheme.

In the Ponzi scheme wiki link you gave, there 39 examples of 21century Ponzi schemes. This is one cormie has in mind, is not in the list, while it is:
1) exist from 2004.
2) legal in 34 countries pays tax and has offices their,
3) asociated with 1000s well known brands ( leave me your Pm number and i'll tell example, how lawyers of 1 big fuel chain in Greece where 5 month checking them)
4) The only company, which payout scheme is checked and approved through TUV certificate (all LIDL, ALDI goods, have this certificate) as realistic and sustainable.

There is no any so called Ponzi schemes, who act in Ireland anyway

Even though it's as a ponzi scheme, you need to look for details.
Companies, who will create additional opportunities through sharing profit, will always look scamy, if you won't be looking in details and facts

Kim_Il_Jong

Tetleys-Nyan ltd?