Alpo Posted December 17, 2019 Share Posted December 17, 2019 Or is it one of those gray areas, that takes advantage of people's stupidity? In the mail today I get an envelope says MAKE MONEY MAILING LETTERS. There's three addresses at the bottom of the letter. I'm supposed to send $500 to the first name. That's the woman that sent me this letter. She would be my sponsor. I sent $250 to the second name. That's her sponsor - the one that sent her the letter. And I send $250 to the third name. That's the "business". Cash. The thousand dollars is cash. The "business" will send me a list of suckers potential employees. I mail them this identical letter, except I put my name and address as number one, and move the number one on my letter down to number two. The number two on my letter gets thrown away. So I mail out all these letters. And hopefully some sucker thinks it's a wonderful idea and sends me $500 in cash. Then I will become his number two, and every sucker he gets to send him $500, also sends me 250. It sure seems like this oughta be illegal. Should I toss it, or turn it into the post office and let them handle it? What y'all think? Link to comment Share on other sites More sharing options...
Duffield, SASS #23454 Posted December 17, 2019 Share Posted December 17, 2019 Ponzi scheme. Give it to the postal inspector. Duffield Link to comment Share on other sites More sharing options...
Charlie Harley, #14153 Posted December 17, 2019 Share Posted December 17, 2019 Mail fraud. What Duffield said. Link to comment Share on other sites More sharing options...
Loophole LaRue, SASS #51438 Posted December 17, 2019 Share Posted December 17, 2019 Pyramid scheme. It collapses when the bottom layer gets too big, and recruiting of new members too burdensome to maintain a profitable flow. There are no products or services sold; it is based upon greed and a hope of making money by doing/making nothing of real value. The early "investors" will get their returns, as they had many fewer lower level investors to recruit; they are long gone before the well dries up. Ponzi schemes (named for a Boston investment scammer) are similar. They usually promise uninformed investors high rates of return, in short periods of time. In actuality, there is no investment; the leader is just using cash flow from additional "investments" to pay big "returns", making it looks like there is a tremendous rate of return. In a short amount of time, the scheme collapses when there are insufficient funds from new investments to continue to pay the promised returns. Total scam, also illegal. Yes, they are illegal; they are fraudulent investment schemes, and outlawed under Federal and State laws. LL Link to comment Share on other sites More sharing options...
Pat Riot Posted December 17, 2019 Share Posted December 17, 2019 Turn it in to your post office. Illegal. Link to comment Share on other sites More sharing options...
Father Kit Cool Gun Garth Posted December 17, 2019 Share Posted December 17, 2019 Illegal, and although it may make you rich, you'll end up buried in mail. Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted December 17, 2019 Share Posted December 17, 2019 Ponzi scheme. Give it to the postal inspector. Duffield Chain letters are illegal. This is a chain letter. Link to comment Share on other sites More sharing options...
Alpo Posted December 17, 2019 Author Share Posted December 17, 2019 I just reported it on the Post Office's website. They said for me to hang on to it in case they needed more information. Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted December 17, 2019 Share Posted December 17, 2019 I just reported it on the Post Office's website. They said for me to hang on to it in case they needed more information. I’m surprised you actually got a response, but then again there’s always a need for a govt agency to actually show that it did something to justify its budget increases. Link to comment Share on other sites More sharing options...
Cypress Sun Posted December 17, 2019 Share Posted December 17, 2019 I just reported it on the Post Office's website. They said for me to hang on to it in case they needed more information. I'm surprised they didn't want you to mail it to them (along with $500) but they probably wanted to make sure it didn't get lost in the mail. Link to comment Share on other sites More sharing options...
Widder, SASS #59054 Posted December 18, 2019 Share Posted December 18, 2019 Two things: #1: send me the $500 first. #2: then you can report it to the FBI, who will blame it on a prominent political figure OR the Pope. Congress will investigate and have FKCGG testify. 100 years from now, Cypress Sun will lose this pension benefits and all will be forgotten. ..........Widder Link to comment Share on other sites More sharing options...
Dustin Checotah Posted December 18, 2019 Share Posted December 18, 2019 It is called a chain letter and it is illegal. Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted December 18, 2019 Share Posted December 18, 2019 I'm surprised they didn't want you to mail it to them (along with $500) but they probably wanted to make sure it didn't get lost in the mail. It was an operative in the Russian controlled section of Ukraine. Link to comment Share on other sites More sharing options...
Imis Twohofon,SASS # 46646 Posted December 18, 2019 Share Posted December 18, 2019 Is a W2 considered a chain letter? Should be Imis Link to comment Share on other sites More sharing options...
Tennessee williams Posted December 18, 2019 Share Posted December 18, 2019 Is a W2 considered a chain letter? Should be Imis Yes^ Link to comment Share on other sites More sharing options...
Alpo Posted December 23, 2019 Author Share Posted December 23, 2019 Email from the post office this morning. Thank you for contacting the U.S. Postal Inspection Service. The information you provided has been entered into our national Fraud Complaint System. Your reference number is xxxxxxxxxx. If we need more information, you will be contacted directly. Please hold on to any original documents related to your complaint. Please note that Postal Inspectors do not have the authority to ensure that your losses are refunded. We may share the information you provided with other agencies when there is a possible violation within their jurisdiction. In the future, if you have complaints about mail fraud or mail theft, you can visit our website, http://postalinspectors.uspis.gov, to file a complaint online. Link to comment Share on other sites More sharing options...
Noz Posted December 23, 2019 Share Posted December 23, 2019 I am surprised that the letter did not include the warning that if you did not respond that a flock of hungry chipmunkx will attack you and devour your "private parts". From the date of this notice all your future children will be born naked. Link to comment Share on other sites More sharing options...
Pulp, SASS#28319 Posted December 24, 2019 Share Posted December 24, 2019 Remember the “wife” chain letter, bundle up your wife, send her to the name at the top of the list. Within two weeks you’ll have 22500 wives delivered to your door. Probably at least one will be worth keeping. Link to comment Share on other sites More sharing options...
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