Canadian Diamond Traders

[Faan]

Is there someone with experience with this?

Someone who invested a sustantial amount of money asked me to join in

Comments please

[duncan drennan]

Faan, do you possibly have any further info you could provide on this? Website, letter, contacts, etc?

[Dave A]

A Google search isn't encouraging. At best it's a marginal MLM deal, those ones that are a short step from an illegal pyramid scheme. And it seems to be attracting the kind of legal scrutiny from regulators that generally isn't a good sign.

It looks like one to avoid.

[duncan drennan]

Okay, here is the website, and here is Australia's department of consumer and employer protection's view.

The basic test for a pyramid scheme (from the Aus website) is,

With pyramid trading schemes, people are attracted to the prospect of earning quick money merely by recruiting other people into the scheme.

which clearly makes this a pyramid scheme. Pyramid scheme's are illegal in South Africa. I have no idea what the penalties are for participating in one.

[duncan drennan]

This has also got some further info detailing how this is a clone of a previous scam, http://www.factnet.org/discus/messages/1/18176.html

[duncan drennan]

Here is info from our very own DTI on various quick money making schemes.

[Faan]

I have just had another chat to this friend of mine. He invested more than R40k into this scheme and wants me to join in as well. According to him it is now legal again in Aus and some people cycle through this system every 5 hours and are making mega bucks. I however still feel uncomfortable. Have a look at this site: www.cdtforever.com/idt/zellie01

[Dave A]

Have you ever taken a close look at casinos? Have you ever noticed how the bells ring and the lights flash when someone wins?

Your friend has just put R40k on the table. I'd be worried if he wasn't excited.

According to him it is now legal again in Aus

I guess he'd better let that official Australian government website know, then. Obviously they missed the memo.

[duncan drennan]

He invested more than R40k into this scheme and wants me to join in as well.

40k down...has he managed to get anything out of it yet?

[Faan]

No, that is one of the reasons why he wants me to join as well. I think he joined just over a month ago.
The say they try and manipulate the system by not putting the money in at one time, but organising it such that they can push themselves up.
You buy a "position" for $120, but they want R1200 for a postion and in the process earning some extra money as well.
I have already made a decision that I will not join and rather earn a few % interest with a much lower risk.

[RKS Computer Solutions]

Been there, done that... Hallo Faan, geld in, niks uit, vergeet maar...

Ek was bitter vroeg in CDT in, was 'n offbeat chance wat ek gevat het, nog nie 'n sent gesien nie, weet nie eers waneer laas ek ingelog het of probeer kyk het hoe ver ek op is nie... So, don't bother...

[BatesM]

Wow!!!

David Thornton has been talking to CDT's Director and trying to extort him!!!

Read the full story, and listen to the phone recordings by clicking the following link:
cdtforever

[Apie4]

Hi,

Ek wil graag vir julle baie dankie se vir so site om te sien dat daar n klomp mense is wat jou help om die regte besluite te neem voordat jy betrokke raak in n sake geleentheid. Dis great.

Daar is egter vir my n bekommernis in die hele saak. "WHAT YOU LOOK FOR YOU ATTRACT" As jy net soek vir "Scams" sal jy dit in als kry. Daar is nie altyd balans in die antwoorde nie en dit is dan on akurate inligting. Het enige van julle die moeite gedoen om uit te vind of daar wel sukses verhale van CDT in Suid Afrika is en hoeveel mense hier al betaal is met $ en Diamante. Ek is een van hulle en ek kan vir jou name gee van meer as 15 mense wat wel diamente en geld ontvang het saam met my.

Die is n behoorlike besigheid en moet so bedryf word, as jy nie in jou besigheid werk nie moet jy nie vergoeding verwag nie, ons het behoorlik navorsing in die regs aspek van CDT in SA gedoen en ek kan met gemak vir jou se dat daar geen probleem met die besigheid is nie. Australia is 100% weer op datum en die overheid is tevrede met CDT daar.

Ek wil julle graag nooi om enige vrae wat julle het aan my te rig en ek sal graag antwoord. Julle kan ook na my kantore kom in Pretoria vir n voledige aanbieding om vir jouself te besluit of dit vir jou is of nie. Die besigheid is nie vir almal nie.

Vir al die mense wat wel die kaans vat sal die vrugte volop wees.

Groete
Andre CDT Pretoria

[mackie1]

Hi
My naam is Vernon en ek is deel van die CDT span in Pretoria. Ek het aan die einde van Julie 2007 my eerste posisie gekoop en ek het nou al 13 posisies. As alles goed gaan behoort ek in Januarie 2008 my eerst geld te ontvang en die diamante. Die vinigste wat 'n persoon in die Pta span geneem het om sy eerste geld en diamante te ontvang was 8 weke. Die persoon wat my voorgestel het het 9 weke geneem. Kyk na WWW.cdtforever.com/idt/mackie1
Vernon

[Dave A]

With payments confirmed, should I be moving this thread into the MLM section?

The question is whether it is a pyramid scheme or multi-level marketing. Anyone got any insights on this?