º 5 Digit Income

I had read an article forwarded by my friend and sense that I'd caution all of my myanmar fellows to be aware of how our acquiring desire for sake of money turns into blindness. Just be benevolent mind which guided by our Buddha..

Multi-Level Marketing (MLM) & Pyramid Selling

The following is reported by DVB on 27 Apr 2007 which is actually occured in Singapore and a lot of myanmar fellows lost their savings in the end for sake of money.

Check related forums from Singapore

Below image for full report from DVB..

"This form of fraudulent scheme is an old favourite to which many of us may have been exposed. Recruitment usually takes place in pubs or private homes where new recruits, invited by family and friends, are told that they cn convert a sum of money, say £1,000 into £10,000 in a few days. All you have to do is to hand over(invest) your money and secure new recruits to the scheme enabling the original recruits to move up a level in the pyramid. When you reach the top of the pyramid and receive your £10,000 you leave the scheme and make away for a new intake of 'winners'.
The schemes are called pyramid scheme because the money works its way up to a few people at the top and it's only those people who receive the financial benefit. The scheme only goes on working so long as there is an inexhaustible supply of people who are prepared to join at the base of the pyramid in order to push those who joined earlier towards the top. Sooner or later, the supply of recruits (and money) dries up and those who have money in the scheme at that time won't get it back."
Jonathan Reuvid, Where to put your money From £50 to £50,000 (2nd ed. 2006)