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Are Cyclers a Scam?

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surfon
Member


Joined: 5 May 2009
Posts: 1

# Posted: 5 May 2009 11:16
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I hope not cause I just joined one. It states that I will make $600. from an investment of $11 one time investment.I don't have any experience with these things so would appreciate any input.

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malibumentor
Silver Member


Joined: 27 Jun 2006
Posts: 344

# Posted: 6 May 2009 14:47 · Edited by: malibumentor
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Expect to lose your money. Somebody always loses
with these things, because there is nothing of value in
the transaction. If not you, it will be somebody else
who loses.

It's a lot like gambling really. if you like to gamble you
know what you like - and you know what happens.

Not a real business. These things are like chain letters.

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Newbie Shield
Gold Member


Joined: 22 Sep 2007
Posts: 1929

# Posted: 6 May 2009 17:52
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Lol, is that the latest new term for pyramid scheme? Sounds fitting.

If it is as Malibu says, I wouldn't touch it.

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cherie27
Member


Joined: 27 Nov 2007
Posts: 667

# Posted: 6 May 2009 23:15
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There are no free lunch in this world. You pay $11 and get back $600 without doing anything. Then there are a lot of rich people around.

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John B
Member


Joined: 7 May 2009
Posts: 1

# Posted: 7 May 2009 09:09
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Some are, some are not. My recommendation: find a team of people that you can trust and listen to and participate in a few of their team calls (any good team should have weekly team calls). This way you can get a feel for the people on the team, and if they are really having success with the cycler or not.

Good luck!

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John B

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getagrip
Silver Member


Joined: 20 Feb 2006
Posts: 1721

# Posted: 26 May 2009 16:59
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Its pretty unlikely - a lot of these "businesses" have wild claims like that, but frequently, the end result is that you wish you wouldn't have trusted them with your money.

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