Saturday, March 3, 2012

Reminder: TVI Express is officially a ponzi / pyramid scheme

Melbourne Federal Court Building. Taken from F...
Melbourne Federal Court, Australia
Image via Wikipedia
Australian Federal Court declared TVI Express as a ponzi / pyramid scheme back in November 2011:

"It is beyond question that new participants in the TVI Express System are lead to believe that they will receive payments for the introduction of further new participants," Nicholas wrote in his judgement.
"Indeed, the only way a participant can earn any income in the TVI Express System is through the introduction of new members to the scheme."
Members were encouraged to recruit new members so they could move up ranks and join the "Express Board", as moving up each rank could earn the member more credit in a virtual wallet.

Read the full article from Australia here:

Enhanced by Zemanta

No comments: