scratchycat
06-03-2011, 04:24 PM
Sorry I have not been around much lately. But this JV Giveaway came to my attention today and I did some checking. The same person (one of many, I am sure) promoting this is known for pushing MLM, Scam/Fraud. Here is some info I discovered. One name that stood out was: Mark Seyforth
One24 A Scam? Reading This Review Before You Join
October 20, 2010 · Posted in Home Business · Comment
I was introduced to a newly launched company, One24. So I did a little research into its program, product, and compensation plan. In this article, I’ll share with you what I found. Make sure you read this in it’s entirety before you sign on the dotted line.
Firstly, One24 was launched in August 2010 by Mark Seyforth. If his name sounds familiar to you it may be because he’s one of the people who helped launch Herbalife back in 1980. According to what I’ve read, he’s been quite successful in MLM and has good credibility in the industry.
The Program - To join One24, one has to purchase one unit of the NatraBurst for $60. The monthly autoship is one unit of NatraBurst, as well. This $60 monthly cost is less than almost all MLM opportunities. The compensation plan utilizes a single line matrix called Incentivized Referral Plan (IRP). Basically, everyone you recruit goes directly under you. You are then paid for each of these people with upfront and monthly residual income. Their site says they payout 50% of the revenues, which is also higher than other MLM’s who normally payout between 24 and 40% of the company’s revenues.
natraburst : Internet Busines Ideas (http://www.future-internet-journal.com/tag/natraburst)
--------------
Registrant:
Becky Ragsdale
PO Box 397
Chapel Hill, Tennessee 37034
United States
Registered through: GoDaddy.com, Inc. (Domain Names, Web Hosting and SSL Certificates - Go Daddy (http://www.godaddy.com))
Domain Name: GATE2WEALTH.COM
Created on: 30-Nov-10
Expires on: 30-Nov-11
Last Updated on: 30-Nov-10
Administrative Contact:
Ragsdale, Becky angelwithhalo65@yahoo.com
PO Box 397
Chapel Hill, Tennessee 37034
United States
(931) 364-4650
Technical Contact:
Ragsdale, Becky angelwithhalo65@yahoo.com
PO Box 397
Chapel Hill, Tennessee 37034
United States
(931) 364-4650
-------------
Registrant:
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
Registered through: GoDaddy.com, Inc. (Domain Names, Web Hosting and SSL Certificates - Go Daddy (http://www.godaddy.com))
Domain Name: ONE24.COM
Created on: 31-May-03
Expires on: 31-May-12
Last Updated on: 26-Apr-11
Administrative Contact:
Yerman, Jay 124onlineinfo@gmail.com
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
+1.9099217203
Technical Contact:
Yerman, Jay 124onlineinfo@gmail.com
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
+1.9099217203
-----------
» One24 Scam? (http://www.lazymanandmoney.com/one24-natraburst-scam/)
For those who are not aware, pyramid schemes are illegal in the United States.
Perhaps at this point, you see where I'm going with this. I was shocked at the audacity of this company. They have specifically named their company in such a way as to promote recruitment as a way to retire. It makes me wonder if One24 was their second choice after they realized they couldn't get the domain PyramidScheme.com. This flies in the face of the FTC's quotes of "[Pyramid Schemes] promise consumers or investors large profits based primarily on recruiting others to join their program." and, well, just the whole second quote in general.
Of course there's a far easier reason to explain why I believe this to be a pyramid scheme. The concept of having to recruit 24 more people is simply unsustainable like all pyramid schemes. Let's start off with a company of 4 founders. They each recruit their 24 people to retire. That leaves 96 (24*4) looking for another 24 people to recruit. Let's pretend that they each find their 24 people. Now you have some 2304 looking for 24 people. If they find their 24, then you have 55,296 looking for 24 people. If they have the amazing fortune to find their 24, then 1,327,104 people are left looking for their 24. In three more iterations you have 18 billion people - 3 times the population of the earth. As you can see it doesn't take too many iterations before it reaches saturation. People already involved in pyramid schemes ignore this detail and suggest that there is no such thing as saturation. They ignore not only the math, but also the fact that few people are really looking to become distributors or salespeople for these products. These distributors erroneously claim that it due to lack of effort on the part of the distributors. One of my readers disputed that wonderfully with his article: It's Not a Matter of Effort, it's a Mathematical Certainty.
[/QUOTE]
Responses welcome.:judge:
One24 A Scam? Reading This Review Before You Join
October 20, 2010 · Posted in Home Business · Comment
I was introduced to a newly launched company, One24. So I did a little research into its program, product, and compensation plan. In this article, I’ll share with you what I found. Make sure you read this in it’s entirety before you sign on the dotted line.
Firstly, One24 was launched in August 2010 by Mark Seyforth. If his name sounds familiar to you it may be because he’s one of the people who helped launch Herbalife back in 1980. According to what I’ve read, he’s been quite successful in MLM and has good credibility in the industry.
The Program - To join One24, one has to purchase one unit of the NatraBurst for $60. The monthly autoship is one unit of NatraBurst, as well. This $60 monthly cost is less than almost all MLM opportunities. The compensation plan utilizes a single line matrix called Incentivized Referral Plan (IRP). Basically, everyone you recruit goes directly under you. You are then paid for each of these people with upfront and monthly residual income. Their site says they payout 50% of the revenues, which is also higher than other MLM’s who normally payout between 24 and 40% of the company’s revenues.
natraburst : Internet Busines Ideas (http://www.future-internet-journal.com/tag/natraburst)
--------------
Registrant:
Becky Ragsdale
PO Box 397
Chapel Hill, Tennessee 37034
United States
Registered through: GoDaddy.com, Inc. (Domain Names, Web Hosting and SSL Certificates - Go Daddy (http://www.godaddy.com))
Domain Name: GATE2WEALTH.COM
Created on: 30-Nov-10
Expires on: 30-Nov-11
Last Updated on: 30-Nov-10
Administrative Contact:
Ragsdale, Becky angelwithhalo65@yahoo.com
PO Box 397
Chapel Hill, Tennessee 37034
United States
(931) 364-4650
Technical Contact:
Ragsdale, Becky angelwithhalo65@yahoo.com
PO Box 397
Chapel Hill, Tennessee 37034
United States
(931) 364-4650
-------------
Registrant:
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
Registered through: GoDaddy.com, Inc. (Domain Names, Web Hosting and SSL Certificates - Go Daddy (http://www.godaddy.com))
Domain Name: ONE24.COM
Created on: 31-May-03
Expires on: 31-May-12
Last Updated on: 26-Apr-11
Administrative Contact:
Yerman, Jay 124onlineinfo@gmail.com
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
+1.9099217203
Technical Contact:
Yerman, Jay 124onlineinfo@gmail.com
Project Platinum Inc.
6315 Opal St
Alta Loma, CA 91701
United States
+1.9099217203
-----------
» One24 Scam? (http://www.lazymanandmoney.com/one24-natraburst-scam/)
For those who are not aware, pyramid schemes are illegal in the United States.
Perhaps at this point, you see where I'm going with this. I was shocked at the audacity of this company. They have specifically named their company in such a way as to promote recruitment as a way to retire. It makes me wonder if One24 was their second choice after they realized they couldn't get the domain PyramidScheme.com. This flies in the face of the FTC's quotes of "[Pyramid Schemes] promise consumers or investors large profits based primarily on recruiting others to join their program." and, well, just the whole second quote in general.
Of course there's a far easier reason to explain why I believe this to be a pyramid scheme. The concept of having to recruit 24 more people is simply unsustainable like all pyramid schemes. Let's start off with a company of 4 founders. They each recruit their 24 people to retire. That leaves 96 (24*4) looking for another 24 people to recruit. Let's pretend that they each find their 24 people. Now you have some 2304 looking for 24 people. If they find their 24, then you have 55,296 looking for 24 people. If they have the amazing fortune to find their 24, then 1,327,104 people are left looking for their 24. In three more iterations you have 18 billion people - 3 times the population of the earth. As you can see it doesn't take too many iterations before it reaches saturation. People already involved in pyramid schemes ignore this detail and suggest that there is no such thing as saturation. They ignore not only the math, but also the fact that few people are really looking to become distributors or salespeople for these products. These distributors erroneously claim that it due to lack of effort on the part of the distributors. One of my readers disputed that wonderfully with his article: It's Not a Matter of Effort, it's a Mathematical Certainty.
[/QUOTE]
Responses welcome.:judge: