I am not a legal expert. However, it seems that the Magnetic Money
Miracle opportunity on the internet is a Ponzi scheme. It entails
investing several hundred to several thousand dollars. You then send out
postcards trying to recruit others for this opportunity. They then send
you their investment to sign up. A Ponzi scheme is defined as a company
that pays their investors by their own or someone elses investment not
on the company profit. Now if I am correct this program Magnetic Money
Miracle is not actually making a profit. Now you may be able to do well
with this opportunity but is it worth your freedom? You would also need a
lot of upfront money as well. If anyone disagrees with me then please
let me know. Tell me how this isn't a Ponzi scheme or even cash gifting?
The only thing I am seeing that is different between this and cash
gifting is that investors can send you a cashiers check. Also when I saw
their ad in the home business magazine the number they told you to call
this time didn't even mention the Magnetic Money Miracle. So that's a
bit sketchy as well.
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