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|In MLM companies, it's the topmost levels |
that rake in the money
(Image: The Star, 5 August 2014)
A word of caution to seniors who are new to the internet and using email for the first time. You will receive letters from banks asking you to re-submit your account number and password for security purposes. This is phishing. You may also get emails from strangers offering you a shot at an easy money-making scheme, or from 'friends' who are stranded overseas without money overseas.
There has been a resurgence of pyramid schemes of late. The Star recently did a comprehensive coverage of various direct selling schemes, including tips on how to spot an MLM scam. The images below are sourced from the article "All That Glitters" published in Star2 on 5 August 2014. Do read and share to spread awareness of MLM scams.
The latest edition of The Heat (Issue 42 for Week 9-15 Aug, 2014) also carries an expose on online work-at-home scams. Be wary of those that advertise 'no experience required' or 'earn up to 5-digit income a month. Most of these scams ask you to pay a certain fee first before starting your 'employment'.
Below is a list of the many types of such scams. Be familiar with them to avoid getting conned. For the full article, get a copy of The Heat.
Types of work-at-home scams
- Email stuffing
- Processing claims or rebates
- The home typist
- Faux-real jobs
- Online pyramid scheme
- Dial into nothing
- Pre-screened lists
|Source: The Telegraph|