Your ultimate insurance guide


What is a Scam?

We all see the word, "Scam" all over the
place.Letter. It will not last and most people will
not  make  money.
Some  of  us  even  use  it  ourselves.
Most people will loose money. The ones who
But  do  we  really  know  what  it  is?will make out likebandits, are the people who
started  it  in  the  first  place.
I spent sometime looking it up. Here are some
definitions  of  theword  Scam:Or  how  about  Gifting  Clubs.
From Cambridge International Dictionary ofI don't care what they tell you on the
English:scam, noun [C] INFORMAL, a plan orWebsite to make youbelieve it is all legal. I
action for making moneywhich is dishonest,don't  care  what  they  say  about
illegal and often clever. He burnt his own
housedown so that he could claim theGifting being a time honored way of sharing.
insurance  money  -  what  a  scam!To do it in aprogram like this, is illegal.
It will get shut down, and mostpeople will
From the Merriam-Webster Dictionary:scam Mainagain loose money. Only the ones who start it
Entry: Pronunciation: 'skam Function: nounwillget  the  big  pay  offs.
Etymology:origin unknown Date: 1963 : a
fraudulent  or  deceptive  act  or  operationI see both types of programs being offered
all the time. Don'tfall for them. If you want
(an  insurance  scam)to have any kind of reputation DO NOTpromote
these  kind  of  things.
From The American Heritage(R) Dictionary of
the  English  Language:"But what about the ones who get in first...
won't  they  makemoney?"
Fourth Edition. 2000:scam ...Slang A
fraudulent business scheme; a swindle.They can, but think about this. Think about
Inflected forms:scammed, scam·ming, scamsthe people who willbe asked to join later.
To defraud; swindle. Origin unknown.scammerThink about the money they will be askedto
-NOUN...pay. Think about the money they are going to
loose becauseall the greedy fools who are
From The Newbury House Online Dictionary:scamgoing to join have joined and theycan't find
n. a plan to make money by deception oranyone to cover their costs. Think about all
fraud,  (syn.)  a  swindle:thepeople who will be out if the thing gets
shut  down  by  the  Law.
They ran a scam where they burned cars and
collected  insurancemoney.Most of these things never get big enough for
the  Legal
From yourdictionary.com:scam (skm) Slang n. A
fraudulent  business  scheme;  a  swindle.Authorities to get involved. They just die of
their  own  wait.
From the Dictionary of Slang:scam Noun. A
trick  or  con.Are you the type of person who can sit back
and  tell  yourself,
As you can see there are very specific
definitions  for  the  word."It's  all  right,  I  got  mine."
A scam is something that is set up to ripIt's  not  all  right.
people  off.  To  taketheir  money.
You are setting people up to loose money if
It is not, as we sometimes think, a companyyou  join  and  promotethings  like  this.
that is havingproblems with their systems.
All companies have problems. Lookat AOL. TheyBut just because someone sets up a Gifting
have lots of problems with their systems. Butprogram  or  a  Chain
theyare  not  a  scam.
Letter type deal, doesn't make them scammers.
Just because we loose money or don't makeThey may have thebest intentions and honestly
money, doesn't makethe company a scam. Justbelieve what they are offering isperfectly
because a company is having problemsgettinglegal.  It  isn't,  but they may think it is.
their members paid on time, does not make
them  a  scam.In case you haven't noticed, PayPal is coming
down hard on a lotof Network Marketing
Companies do have problems that are beyondcompanies. They are not doing this on
their  control.theirown. MasterCard and Visa, are the ones
who are forcing them toget out of Network
It's how they handle them that tells you aMarketing  companies. Why? Because the Credit
lot about the kind ofcompany that they are.
If they are honest and up front aboutCard Companies are getting hit Very hard with
theproblem, that is a good thing. If theyCharge  Backs,  and
hide the problem with alot of double talk or
no talk at all, that is a bad thing.Fraud. Stolen Credit Cards are being used all
Itdoesn't make them a scam, but it does say aover the World tojoin Network Marketing
lot about how theycan be expected to docompanies.  The  Thieves  clean  up,  and the
business.
Credit Card Companies and sometimes the
When you look at companies, really look athonest programs take thehit. MasterCard and
them.Visa have both long had clauses in
theircontracts that people could not use
What is the first thing they say abouttheir services for MLM typeprograms. Now they
themselves? Do they talkabout the product orare  enforcing  it.
the service they offer? Or do they justlaunch
into how much money you can make? If theIf the company you are with has not had these
first thing youread is all about the money tokind of problems,they will and they should be
be made. Watch out. It might notbe a scam,prepared for them. Companies thatare going
but it tells you that is all they are about.through this, are not all scams. In fact my
To themit doesn't matter what the product orguess isthat if this happened to a scammer,
the  service  is, it's allabout the pay plan.they would just close upshop and move on with
whatever money they could. A Real
These companies, may not be scams, but theyCompany,will find a way to work around the
maybe illegal. Therehas to be a real productproblem.
or service being offered. If there isno
product, if it is just passing money from theSo the next time you read someone calling
ones  below  tothe ones above, it is illegal.this or that company ascam, think. It maybe a
perfectly good company that is workingthrough
How many of you have seen this kind of thing?some  problems.
A program sets up a list of members for youA Real Scam is something that is set up just
to pay directly orwith the help of theto take your Moneyand Run. A Real Scam will
program, and you then take the first nameoffnot  try  and  work  through  problems.
the list and add your name to the bottom. It
doesn't matterif they tell you that you areThey will just pack up and go on to something
ordering a report or somethinglike that fromelse.
each  of  the members, it is an illegal Chain



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