The Money Tree Scam
Seldom have I seen a graph the more clearly delineates a fraud than this one: the graph between Kevins Money Tree and the FTC, in terms of the Alexa reach metric.
The FTC regulates schemes like Kevins Money Tree, and many others including mergers and acquisitions.
Yet, this graph shows that more people are going to the Money Tree site instead of checking out what the regulator is saying about such schemes.
Can you spell "fraud" if I spot you the "f", "r", "a" and "u"?
My good friend Paul, over at the Work at Home Truth blog has a number of interesting points about Kevins Money Tree.
But, to repeat, anytime a scheme is more popular than the regulator who oversees it and hundreds if not thousands things like it: RUN AWAY. Don't stop to think, just RUN AWAY.
And then once you are far away, go back and read Paul's blog on the Money Tree.
Comments
I was scammed by the Kevin's Money Tree Google Easy Money scam :( It charges your credit card about $86 the next month along with the $3 that you paid for shipping of the package that never comes. Apparently there are states that are working on class-action suits, but I doubt if it will ever go anywhere, or if I'll get my $86 back :(
Wish I had seen your site first
Posted by: William Humphrey | November 8, 2009 10:43 AM
Paul,
It is a neat trick.
You can immediately see when a website is dubious.
I like the sudden jumps from zero to a mark high above the regulator.
You should have seen the 12dailypro spike!
Posted by: bizop
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September 20, 2009 10:43 PM
That's a great benchmark, Michael. I've read that on your site before, but the graph you put up really makes it stand out.
Posted by: Paul Schlegel | September 18, 2009 10:19 AM