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bwana777
1 September 2009, 08:31
Hi,
I live in Tanzania and recently my adopted daughter got involved in what seems to me to be a pyramid scam. But because all the literature is online in Kiswahili which I am not fluent in I'm not sure.

It is called "Power Club" and seems to be located in Spain.

Any information you have will be greatly appreciated.

Thanks!!

Nyla
2 September 2009, 04:53
If it's the same "power club" discussed here, yes.

http://www.fraudwatchers.org/forums/archive/index.php/t-12400.html

Anything that does not sell a tangible product of some sort and only allows you to make your money back by recruiting more people to your position is guaranteed to be a pyramid scheme.

Unless you can earn a profit without bringing more people into the pyramid, it's unsupportable. Exponential growth is not realistic or sustainable.