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Thousands of people were tricked into joining an illegal pyramid scheme in Texas that targeted African-Americans and lost more than $10 million, according to federal authorities.. LaShonda Moore ...
William Joseph McCorkle (born 1966 in San Antonio, Texas) is an American businessman, former real estate guru and former owner of William McCorkle Seminars.In the 1990s he and his wife Chantal created a number of late-night television infomercials, selling materials which purported to teach people how to make money buying foreclosed real estate properties.
The name of the A4V scheme in particular has become synonymous with the movement as a whole. [4] [1] Although the movement has maintained a following since the 1990s, its theories are false and meritless. Those who participate in redemption schemes, and especially those who promote them to other people, can face criminal charges and imprisonment.
A Texas man netted $1.7M from insider trading after overhearing his wife’s secret work calls — now it may cost him $250K, 5 years in jail. ... Commercial real estate has beaten the stock ...
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However, the structure of the scheme results in a participant losing the entire payment unless 14 new participants join. [2] The scheme had spread from New York to Texas to California to South Florida by early 1987, [2] with police raiding meetings in all four states, [3] [1] [2] [4] and reports of more airplane schemes operating in Dallas. [4]
The unsustainable exponential progression of a classic pyramid scheme in which every member recruits six new people. To sustain the scheme, the 2.2 billion people in the 12th layer would be required to recruit 13.1 billion more people for the 13th layer, even though there are not nearly enough people in the world to achieve that.
Have you ever been approached for a "business opportunity" that promises you'll earn a ton of money from your home? This is a subtle warning that someone may be attempting to recruit you as part ...