Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Personal Finance

Do these chain letters really work?



Someone keeps posting this on yahoo answers, + the fact that I received one in the mail. Please tell me if you have tried this...is it true that such chain letters have premiered on Oprah?

Here's an example:


If you could use some extra cash, then you MUST read on. THIS REALLY WORKS
if you follow the simple instructions and risk 5 measly dollars!!
Follow the directions below and in two weeks you'll have up to
$20000.00 in your PayPal account. There is a very high rate of
participation in the program because of its low investment and high
rate of return. Just $5.00 to one person!

THAT'S ALL !!!


If you are a skeptic and don't think the program will work, I urge
you to give it a try anyway! It REALLY WORKS!
LOOK AT IT THIS WAY: If the Program is a total failure for you and you
never get even $1.00 in return, your total loss will
be the $5.00! If you are not yet a paypal member, there is no risk at
all!!! If the Program is only moderately successful for
you, your PayPal account will have several hundred dollars deposited
into it within the next few days! If you actively
participate in the Program, you could have up to $20,000.00 in your
PayPal account within two weeks!
Now let me tell you the simple details.
Getting Started!!
If you're not already a user of PayPal, the very first thing you need
to do is go to PayPal and sign up. It takes two minutes
and Pay Pal will deposit $5.00 in your account just for becoming a
member. That makes this program's total cost $0!!! Follow
this link to open your PayPal account:
1. https://www.paypal.com
Now log into your PayPal account, and send the PayPal account of the
person listed in Position 1 $5.00 PayPal will ask you to
select type. (Select "service" and put "$5.00 donation" for
subject.) When person in Position 1 receives notification of your
payment, you can simply copy this page and change the names in
position #1; #2; #3 as instructed. Remember, only the person
in Position 1 on the list gets your $5.00 donation. Send them a
donation then remove #1PayPal account from the list. Move the
other two accounts up and; add your Paypal account to #3 position. After
you have retyped the names in the new order,
IMMEDIATELY send the revised message to as many people as possible.
PROMOTE! PROMOTE! The more you promote the Program, the
more you will receive in donations!! That's all there is to it.
When your name reaches Position 1 (usually in less than a week) it
will be your turn to receive the cash. $5.00 will be sent
to your PayPal account by people just like you who are willing to send

$5.00 donation and receive up to $20,000 in less than
two weeks. Because there are only (3) names on the list you can
anticipate 80% of your cash within two weeks.
Imagine if you sent it to 100 or even more. Most people spend more than $5
on the
lottery every week with no real hope of ever winning.
THIS PROGRAM WORKS - JUST TRY IT

POSITION # 1 tonelmarbl@yahoo.com
POSITION # 2 numba1allstarton@aim.com
POSITION # 3 tonelmarbl@yahoo.com
Integrity and honesty make this plan work.
Participants who actively promote this program will average between $8000
and
$12000 and receive the donations within two weeks.
This is not a chain letter. You are simply making a donation of $5.00
to another person. The Program does not violate title
18 section 1302 of the Postal and lottery code.
Remember -TIME is of the essence. YOU can choose to live
Paycheck-to-Paycheck or live FREE from FINANCIAL BONDAGE. Become a
part of the donation program and help people help people.

SCAM. If crap like this really worked everyone in the world would be rich.
You'll notice the same email is listed in position 1 and 3... and I'm willing to bet that email #2 is owned by the same person. Here's what happens:
-So you give $5 to tonelmarbl, and eagerly send the letter on to 10 of your friends.
-Half your friends delete it instantly, and the others are suspicious, but one is ready to give it a try.
-Friend A sends $5 to numba1allstarton (who is really the same as tonelmarbl).
- Friend A sends the list on, with predictable results.
Maybe one person takes the bait. You are now listed as #2, and Friend A is #3.
-FriendofFriend B sends $5 to tonelmarbl, and sends it on.
-Finally your email is at the top of the list and you'll get some money from a total stranger! But wait! This is the only round that you can make money on - another round pushes your name off the list completely! So unless you and your friends and your friend's friends can convince 4000 people to actively participate in the correct round, you'll never earn the $20,000 this chain promises. Statistically, you'd be lucky to break even.
i dont know.
my guess? scam. bunch of bs. Save your money.
IT IS A SCAM, A 100% ILLEGAL SCAM! This scam is a version of the old "chain letter" scam. It will not work, and you will LOSE your money. All that stuff about not violating the postal codes is MADE UP. Sometimes the scammers make up fake endorsement notes from Paypal, too. Don't be fooled!

It is also a FEDERAL CRIME to participate in this scam, and not knowing the law is NEVER an excuse. Oprah has NEVER done a show about this, because it's AGAINST THE LAW. Paypal has not endorsed this, because it is AGAINST THE LAW. Check out the FTC (Federal Trade Commission) website for info on these scams.

Also, if you participate in these forums, spread the word about this evil scam-it's all over these forums.
FTC Website, and MY OWN COMMON SENSE!!!!!!
Tags
Small Business Renting & Real Estate Personal Finance Investing Insurance
Related information
  • Possibly to make money fast?
  • How much are you monthly bills?
  • Low on cash, can I defer my traditional mthly mortgage pymnt?
  • Is it a dumb thing to do?
  • If you have USD$ 1 million, what will you do to make it USD$ 10 million in the next five years?
  • How does paying by Pay Pal really work?
  • My friend is in serious debt--HELP?
  • What is the best short term way to invest $50,000?
  •  

    Finance Categories--Copyright/IP Policy--Contact Webmaster