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Old 12-21-2004, 09:42 AM   #1
DagNasty
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Join Date: Mar 2002
Location: Baltimore/Florida/Bermuda
Pyramid Schemes and paintball

Ok, maybe this is not 100% paintball related, but take a moment to read it so you know the truth.

Pyramid scheme posts have been popping up all over forum sites today, not entirely sure why today. Maybe someone really wants cash before the holidays. They come in many forms but the idea is the same each time. Send money to someone(s) then add your name to a list and push the list through massive distribution in hopes that somewhere along the lines, you get sent money in return . .. someone posted it on here today and claimed it was 100% legal according to the post office because it is a lottery... lol .. well you local judge won't see it that way.

Fact is this, simply stated: While they are considered lotterys, they are also considered investment fraud and punishable in most if not all states. Pyramid schemes are a criminal form of investment fraud in which a large return on a small amount of money is promised, if the initial investor convinces new recruits to invest their own money in turn. The "pyramid" is built on the belief that others will continue to add their own money into the scheme. But once additional investors become scarce, the pyramid collapses and large amounts of money can be lost. Increasingly, pyramid schemes are conducted via the Internet and e-mail.

The following is the case for California, a state where I used to practice law. I'm sure you can find your own state's penal code involving pyramid schemes.

CA PENAL CODE SECTION 319-329

Quote:
321. Every person who sells, gives, or in any manner whatever, furnishes or transfers to or for any other person any ticket, chance, share, or interest, or any paper, certificate, or instrument purporting or understood to be or to represent any ticket, chance, share, or interest in, or depending upon the event of any lottery, is guilty of a misdemeanor.

322. Every person who aids or assists, either by printing, writing, advertising, publishing, or otherwise in setting up, managing, or drawing any lottery, or in selling or disposing of any ticket, chance, or share therein, is guilty of a misdemeanor.
Please report all instances of someone posting such schemes and consider any money you spend on them to be lost
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Last edited by DagNasty : 12-21-2004 at 05:29 PM.
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