Is there someone with experience with this?
Someone who invested a sustantial amount of money asked me to join in
Comments please
Is there someone with experience with this?
Someone who invested a sustantial amount of money asked me to join in
Comments please
Faan, do you possibly have any further info you could provide on this? Website, letter, contacts, etc?
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,
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.With pyramid trading schemes, people are attracted to the prospect of earning quick money merely by recruiting other people into the scheme.
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
Here is info from our very own DTI on various quick money making schemes.
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
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.
Participation is voluntary.
Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
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.
I guess he'd better let that official Australian government website know, then. Obviously they missed the memo.According to him it is now legal again in Aus
Participation is voluntary.
Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
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...
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
Last edited by Dave A; 27-Jul-08 at 09:47 AM.
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