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The Top Five Money-Making Scams 
by Diana Bocco July 08, 2005

Guarantees of effortless income are very tempting. Most of us are smart enough not to fall for the old promise of overnight riches. However, fraudulent companies are always coming up with new ways to lure people into believing their scams. 

Here is a review of the top five lies these companies will tell you.

You Can Quit Your Job and Stay Home

Envelope-stuffing and craft assembly offers have been around for decades, long before the internet made them popular. Even though most people have heard about the scam, the allure of making $2 by simply putting brochures in an envelope still proves too tempting for many.

To get started, you are asked to pay a startup fee. Most of the time, the only thing you receive by return mail is basic information on how to send the same envelope-stuffing ad to others. In short, a how-to guide to scamming. Craft assembly companies require a higher fee. They usually do send the materials promised, only to refuse to pay you later because your work isn't up to their "quality standards."

The Internet has brought a new dimension to this phenomenon, with new scammers popping up all the time. A new version of the envelope stuffing scam asks you to forward a number of email ads for a sales commission. Needless to say, the ads are so obviously fake, that nobody ever buys anything, so you will never see a penny on commissions. 

Keep in mind that it is possible to make a living working at home, but, as with any other business, it requires time and dedication and it holds no guarantees.

You Should Invest For High and Quick Returns

The most common scam of this type hunts for investors to help form an offshore bank. Ponzi schemes are also popular, where early investors are promised high returns from money contributed by future investors. This is a typical pyramid scheme.

Pitches for scam investments always promise you high returns. This should be a red flag for you, since no legitimate company can vow for the fluctuations of the market. Other common claims include their exclusive access to “inside information” and a promise to buy back the assets from you after a certain period.



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