Litigation

Why do people fall for these scams?

By Tracy Coenen

I was just reading on TechCrunch about a scam called Bux.to that looks poised to fold. Members are complaining that they are not being paid the money they’ve earned. The site shows some comments from supposed members who say they’ve been paid, but it’s sketchy whether or not that’s real.

Bux.to is your typical Ponzi Scheme (or pyramid scheme, if you prefer). The scheme offers you one cent each time you watch a 30-second advertisement. You also get one cent each time someone you recruit into the scheme watches a 30-second advertisement. (more…)

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Full post as published by The FRAUDfiles Blog on April 08, 2008 (boomark / email).