Pyramid Scheme Alert! Sept-11-11

Pyramid Scheme Alert! Sept-11-11

If you have received an invite to join ViraDyne you need to read this NOW!!

According to the FTC (Federal Trade Commission)

What is a Pyramid Scheme and What is Legitimate Marketing?

Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program.

A Ponzi scheme is closely related to a pyramid because it revolves around continuous recruiting, but in a Ponzi scheme the promoter generally has no product to sell and pays no commission to investors who recruit new "members."

Both Ponzi schemes and pyramids are quite seductive because they may be able to deliver a high rate of return to a few early investors for a short period of time. Yet, both pyramid and Ponzi schemes are illegal because they inevitably must fall apart. No program can recruit new members forever. Every pyramid or Ponzi scheme collapses because it cannot expand beyond the size of the earth's population. 

Some people confuse pyramid and Ponzi schemes with legitimate multilevel marketing. Multilevel marketing programs are known as MLM's, and unlike pyramid or Ponzi schemes, MLM's have a real product to sell. More importantly, MLM's actually sell their product to members of the general public, without requiring these consumers to pay anything extra or to join the MLM system. MLM's may pay commissions to a long string of distributors, but these commission are paid for real retail sales, not for new recruits.

Now lets get back to ViraDyne and see what their own Policies and Procedures have to say....

https://www.viradyne.com/ViraDyne_Policies_Procedures.pdf

Scroll down to ...SECTION 10 - INACTIVITY AND CANCELLATION

NOTE:- IA refers to an "Independent Affiliate"

Did you read the BOLD and UNDERLINED part I highlighted them this way for you so that you can see that you could not miss it...YOU ARE BEING PAID ONLY FOR GENERATING REFERRALS!!!

Remember the definition of an illegal pyramid scheme? "Pyramis schemes promise consumers or investors large profits based primarily on recruiting others to join their program."  DUH!

Just in case some one screwed up and did a typo... go back to the policies and procedure and scroll down to here..... 10.2 - CANCELLATION DUE TO INACTIVITY

It is the IA's responsibility to lead his or her marketing organization with the proper example in personal production of referrals. Without this proper example and leadership, the IA will lose his or her right to receive commissions from referral generated through his or her marketing organization. Therefore, IA's who personally produce less than the minimum Personal Referrals required in the ViraDyne compensation plan to become income qualified, will not receive a commission from their own referral activity.

Again they clearly state that if you do not produce referrals YOU DON"T GET PAID!!!!

In the end there are those of you who foolishly will not care, money is money.

Those who do not believe what is there to see, "The government would not allow it to happen"

And those who will be relieved to have had this warning prior to being hoodwinked.  

In the end it is your decision... choose wisely,  all I do is report the facts as I see them.