Today, someone was kind enough to submit a spam comment, which I immediately deleted. The spammer was trying to get me to join the SpireClub.com. It is an Internet scam, which seems to be a variation of a pyramid scheme.A pyramid scheme is a fraudulent investment scam, and is apparently illegal in most countries in the world, including the USA. This scam is where people are deceived by a recruiter into believing that by giving money(say $100), they can easily earn a lot more money. All they have to do is become a recruiter themselves and get other people to pay the $100, or whatever the amount happens to be. They make money from the people that they have recruited. The problem is that there is not an infinite amount of people to participate in the scam, and eventually there will be no more "recruits" to sign up. This will leave the people at the bottom of pyramid with money out of their pocket, but no income earned.
The recruiter who tried spamming my blog had a link to SpireClub.com. Once I entered the website I was encouraged to sign up and pay $10 to join. On the enrollment form, there was a box for me to enter the refferal code that I was given by the recruiter. According to the Spire Club Faqs, this is so that the recruiter would be credited for me signing up.
What would be hilarious, if it wasn't for the fact that people fall for this scam, is that on the Spire Club website, they state that it is not a pyramid scheme - "it's a Spire (Spiked Tower) it's height is endless and so is its number of members." Nothing is endless my friend. Like the pyramid scheme mentioned above, the Spire Club will eventually run out of new recruits.
In the faqs, it also states that the Spire Club is not a pyramid scheme because the members do not have to find other members to join to make money. The website says "that you don't have to do anything to make money with The Spire Club, but referring your friends will make you much more." How is this possible? They claim that you'll earn money from everyone above you, no matter if you signed them up or not, by advertising revenue, and by special bonuses given to members. How nice of them! They don't state how much money you'll actually receive from advertising revenue and it's "special bonuses." I would think you'd get very little, if anything.
The fraudsters have a "special mathematical formula" for dividing the money among members - get this! - which they say cannot be revealed! Sounds pretty fishy to me! My guess is that they don't reveal this for a reason. They don't want the members knowing how much of their hard earned money the recruiters at the top of the pyramid, or rather "Spire", pocket for themselves.
Just for your info, the Spire Club happens to be located in Gibraltar. That should make it real easy to go after them to get your hard earned money back - NOT!
The Spire Club is an Internet scam that sounds awfully close to a pyramid scheme to me. The only reason why I don't outright call their scam a pyramid scheme is because they claim that you don't need to recruit any members to make money. However, I wouldn't be surprised if you make next to nothing if you don't recruit other members. In fact, even if you recruit several members, who knows how much or little money you'll obtain from the Spire Club.
Save your money and don't walk, but run away from this Internet scam. Remember, if it sounds too good to be true it probably is.
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