New fraudulent company MyVideoTalk on the Net

Move over folks, new entrants are on the way to cheat gullible people with the promises of huge commissions and easy/quick money after merely becoming a member associate of their company. Meet MyVideoTalk. It is offering huge commissions for introducing new business associates to it and offering you riches unimaginable.

The modus operandi is a la Amway. It too has the same system of chain marketing with various levels of marketing. It also gives fancy names to its members once they 'achieved' in inducing more members into the scheme. The whole point is how many members you can rope in. If you can 'convince' more people to part with their money, you earn a lot of commission.

The MyVideoTalk too has the similar pattern of personal volume earnings like Amway. The only difference is this company was floated as recently as 2004 only. Still, it is spreading like water under the carpet and deceiving a sizable number of people around the world.

This is the reason that I have been terming that Amway is the mother of all scams. Everybody is taking cue from Amway and have been working hard to cheat people.

I hope people would realise the dubious schemes of these fraudulent companies and not fall prey to these machinations.