Does it involve pyramiding, ie referring new members and earning commissions for the work they do?

If yes, then avoid like the plague.

Originally posted by Kabootar Does it involve pyramiding, ie referring new members and earning commissions for the work they do? If yes, then avoid like the plague.

It is Pyramiding Scheme only .The Kind of Survey they offer are ridiculous . None of the Survey's are related or promoted by any Company. Basically every month they offer two survey and for every survey they are supposed to credit 10 Dollars to your account. In addition if you are able to get new member you get 20 dollar for each member. The questions in survey are funny types .Like the last survey was on IPL and what is good in IPL/which team you know and Blah blah.or one survey was about which business magazines you read?

Now the catch here is that in Order to get that Money Credited to your bank Account you need to pay Rs 400 handling charges on every 10 K. so people get greedy and they let these Speakasiaonline fellow keep the money in this Virtual Account and instead Collect the same money by cash from a new Bakra(read member).and thus one new member is added.

How do i know this ? My brother in law came with this fantastic Idea to me 6 months Back and I had a heated argument with him on these get well rich soon schemes. But he didnot listened and has joined membership and because of him atleast 7-8 more relatives of mine have also joined .I have been telling him to withdraw whatever he has deposited there but guess he will only understand once the Company Goes Kaput.It is Ironic that the same relatives consider my interest in Share market as pure gambling but are Happy to Invest in such Pyramid Schemes.

One More thing I have been Filling these Useless Surveys for my brother in law. As he is travelling Frequently and I am Still unable to figure out why on earth any Company will pay 500 Bucks for such a useless survey to every individual?

Yeah, Even i heard this, quiet amazing, how people fall prey to such schemes, A friend of mine in my building does the same thing and is quiet happy, he was trying to make me a member, for that he even showed me his bank pass book, where the money had been credited......I SAID NO.

I can only show him and others who are putting in time for a ponzy scheme is this:



And once its too late then this:



Edited by Jaishrikrishna - 28/Apr/2011 at 8:47pm

Originally posted by bitu1978 It is Ironic that the same relatives consider my interest in Share market as pure gambling but are Happy to Invest in such Pyramid Schemes.