Recently my mother had a man come to our house to repair something. She got to talking to this man and he was really nice. She told him about how I was recently laid off from my job. This man told my mother that he worked for Leadership Team Development. And that he would love to talk to me about a job. I got home and thought cool a job. First thing I did of course was google, Leadership Team Development. I got quite a few results, but the main questions seemed to be, what is Leadership Team Development and is it a scam. No one seemed to know what it is that they sell. I figured I would just forget about it, but the guy called me. Apparently my mom gave him my number. He was a really great talker. He kept throwing out all these big name, Circuit City, Best Buy, Bass Pro Shops, and all sorts of other big companies. But he never told me what it is that Leadership Team Development sells. I thought that is sounded fishy, kind of like a scam. But, I decided to go ahead and watch the video link he sent me. The video was of very high quality and talked all about what a great company Leadership Team Development was. But yet again the video did not talk about what they sold, just the fact that I would make a ton of money with it. The guy called me back and wanted me to attend a meeting all about Leadership Team Development.I told him that the whole thing sounded like a scam and that I was not interested in attending a meeting. But I decided to do some research and see what it is that Leadership Team Development actually does.
I finally found a few forums discussing the issue. According to these forums. You must attend a seminar all about Leadership Team Development. There will be a really flashy speaker there and he will tell you all about how much money LTD will make you. But they will never really tell you what it is that they sell. Sounds like a Scam. LTD wants you to pay them 200 dollars, then they promise to help you get many more leads that will pay you $200. But apparently you do have to sell something, I'm not really sure what it is though. Apparently a company can not just get paid to recruit more people, that would be a pyramid scheme. So Leadership Team Development does sell products, apparently they are just middle men. Every time I found a forum or blog discussing Leadership Team Development, they all said it was a scam. LTD is a completely legal scam, but still a scam. I use scam as a describing work because technically according to the US government LTD is not a scam.
I also found out that Leadership Team Development is connected with a company called Quixtar. Guess who owns Quixtar, Amway global. According to some yahoo questions, Leadership Team Development is the online version of Amway Global. Amway Global has been accused in the past of being a scam. In fact the US government even looked into them for being a Pyramid Scheme, They where found not guilty because technically they do require people to sell a little bit or they can not recruit. Leadership Team Development sounds really good, at first.
I'm not trying to attack Leadership Team Development or anyone else. I just want to make sure that everyone does there research before the choose to spend money on anything. Be very careful, and always think twice or you mind find yourself the victim of a scam.
Disclaimer: All of the above is opinion.
Tuesday, March 24, 2009
Leadership Team Development Scam
What is a Pyramid Scheme
Labels: Pyramid Scheme, ScamA Pyramid Scheme according to Wikipedia is:
"a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered."
Basically it is a scam. A way for some one to take advantage of you. People want to make quick profits and scams are great ways to do it. Pyramid Schemes go way back. They don't really sell anything. They just want you to recruit more people. The people at the bottom pay money and the people at the top reap all of the rewards. Always be on the look out for a scam. Don't lose your money.
Wikipedia goes on to say:
"A successful pyramid scheme combines a fake yet seemingly credible business with a simple-to-understand yet sophisticated-sounding money-making formula. The essential idea is that the mark, Mr. X, makes only one payment. To start earning, Mr. X has to recruit others like him who will also make one payment each. Mr. X gets paid out of receipts from those new recruits. They then go on to recruit others. As each new recruit makes a payment, Mr. X gets a cut. He is thus promised exponential benefits as the ''business'' expands."
Scams have been around for a long time. Scams are very dangerous. Don't trust anyone who wants you to give them money first. Always think for yourself, Research and Question everything. You should always question someone. If an individual offers you a deal but won't give you all the detail, that probably means its a scam.
Scam
| 1. | a confidence game or other fraudulent scheme, esp. for making a quick profit; swindle. |
| 2. | to cheat or defraud with a scam. |