Make Money Fast Scams and Get Rich Quick Schemes Chain Letters

 

Financial times are tough and you need extra income NOW!

make money street sign

This is an ages old dilemma.

Money is tight in your household budget, your paychecks just aren’t enough, unexpected expenses keep popping up, and you just gotta have that new gadget or gizmo that’s been on your mind for just about forever.

Whatever the financial problem you are facing, you need money soon.

There are a lot of Make Money Fast and Get Rich Quick schemes that come before us every day.

Most promise thousands of dollars in returns in a matter of days or a few weeks.

Unfortunately, many of these offers prey on a person’s desperation in their financial situation and on an individual’s greed.

Most are scams and are designed to part you with your money and have no intention what-so-ever of providing you with the riches promised.

 

 

Chain Letters

Via Snail mail or email

 

At some time in our lives, we have all received a chain letter in the mail.

They typically contain a list of names of people you may or may not know. You are instructed to send something to the person on the top of the list, remove their name and place your’s at the bottom of the list.

You then are to make a certain amount of copies and mail them to a specified number of people.

Many times I have received and participated in recipe or dish towel exchanges. These types of chain letters are just for fun and exchange something of very low value. I’ve usually only received back 2 or 3 responses.

Chain letters that ask you to send money, however, are a scam AND are illegal. Even if the amount you are asked to send is just $1 or $5.

According to the USPS, chain letters are

 “illegal if they request money or other items of value and promise a substantial return to the participants. Chain letters are a form of gambling, and sending them through the mail (or delivering them in person or by computer, but mailing money to participate) violates Title 18, United States Code, Section 1302, the Postal Lottery Statute.”

 I received one that claimed to have gotten my name and address from a mailing list of people who were “opportunity seekers”.

It claimed potential earnings in the hundreds of thousands of dollars and had been seen on Oprah.

All I had to do was send $1 to the person on the top of the list.

The mathematical chances explaining how one would receive their money was believably explained.

However, it’s faulty reasoning.

A lot of people who participate in these chain letters are well-intentioned folks looking to make some much needed extra money.

Unfortunately, they are not aware that they are involved in a scam and are breaking the law.

They could easily be reported to the authorities and face federal charges.

Many scammers are turning to the internet with these schemes.

Although the enforcement on the internet is not as stringent, they are still offering the same dirty deal.

Often payment is arranged through a PayPal account to avoid using the postal system.

Do yourself a favor and stay clear of these kinds of “opportunities”.

 

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This entry was posted on Saturday, December 5th, 2009 at 8:30 PM and is filed under MLM scams. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

13 Responses to “Make Money Fast Scams and Get Rich Quick Schemes Chain Letters”

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