Friday, February 12, 2010

A bachelor of criminal justice cannot recognize pyramid scheme!

Seal of the United States Federal Trade Commis...Image via Wikipedia
Our resident TVI Express booster, Lynette, claims to have a bachelor's degree in criminal justice, yet she clearly cannot even spot a pyramid scheme! Here's an article from the FTC that explains VERY clearly what a pyramid scheme is, and how pyramid schemes can pretend to be MLM companies. Here's some select quotes:
Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public.
So, what does TVI Express sell? Nothing. As I've repeated MULTIPLE times, from TVI Express's own FAQ, NOTHING is sold. All of the money comes from recruitment.
In the largest pyramid case brought by the Commission in the 1990's, we witnessed how pyramid operators often try to use the international banking system to hide their assets. In FTC v. Fortuna Alliance, the defendants allegedly promised consumers that, for a payment of $250, they would receive profits of over $5,000 per month. The program spawned numerous web sites on the Internet and victimized thousands of investors across 60 different countries. Although the defendants initially operated out of the United States, the Commission discovered they had secreted millions of dollars to offshore bank accounts in Antigua. But international cooperation saved the day. With the aid of the courts and banks in Antigua, the Commission obtained an order against the defendants, requiring them to repatriate over $2 million in offshore assets and pay approximately $7 million in redress to consumers from 60 countries. 
Sound familiar? Payment of $250, $10000 within a month, banking internationally across multiple countries (Cyprus, England, India, and more), multiple websites on the Internet, thousands of victims across the world...

So, Lynette, tell us why TVI Express is NOT a pyramid scheme...
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