I felt compelled to write this blog to inform many people out there.  Please listen up…

I got an email from one of my email newsletter subscribers.  He’s a good, God-fearing individual with a heart of gold, I can tell.  Because of the nature of this, I’m not going to reveal his name or anything, and you’ll see why.

Here was the email he sent me…

Hey whatsup T.M. [CENSORED] here, hows things going I hope good for
you,  I came across this new opportunity I want you to take look at I
have already signed up for it and seems to be doing well if you are
interested let me no because I am paying forward the signup fee for
people I think that will do it for there business associates please let
me no whatsup you can signup for free at my link and if you are
interested in make some of this money let me no and I will pay you
forward asap!!!

www.wealt******.com

God Bless,

[CENSORED]

I censored out his website, but it lead to World Wide Loan Club, a private “loan club” (this is where I immediately knew what the hell was going on.  Anyway, here was my reply to him:

Hey [CENSORED], don't trust it.  Here's why...

Q.7

How are these loans funded? 

A.

Worldwide Loan Club has numerous outside capital investors investing
into our program.

(They're funded via the application fees they receive from
new members, who are truly the "investors")

The amount of capital they invest is dependent on the
number of people in the program.

(Yeah, the number of people that they refer!)

My friend, this sounds like a new version of those HYIP ponzi
schemes they still run today.

Tell me that the site doesn't remind you of sites you'll find
at www.talkgold.com?

This site is dedicated to these HYIP schemes.  Three years ago, I invested
into some of them.  I made some, but lost a LOT more in the end.

Any program whose capital for loans are solely dependent on funds
from incoming members, is a ponzi scheme, and carrying out activities
with them can get you in trouble with the Federal Trade Commission and
the FBI.  You don't want that...

If I were you, I'd stay away from this site, and possibly ask
for a refund...if you ask me.

The two payment processors they use have been associated with ponzi
schemes.  Trust me, I've heard of alertpay and solidtrustpay.

And think about this...

You pay $99 and get two of your friends to pay $99.
That's $297 for the loan shark.

You only get $50 back as your first monthly installment,
and you STILL have to pay some of it back to the shark.

The size of your loan is not even determined...and funds
can be cut off when people stop joining.

They're
dependent on you paying and your referrals paying to fund your loan. 
Otherwise, the company folds, and everyone is sh** outta luck.

On top of that...what is the name of the legal business entity
that you are applying for a loan from?

If they fold...who are you going to sue?

Besides, I saw this site on moneymakergroup.com when I did a
search for it on Google.  I know moneymakergroup.com deals with
HYIP's.  I know because I was a member of that forum...haven't
been on there in years.

STAY AWAY, ASAP!  DON'T GET CAUGHT UP, MAN!

=============================

My friends, even though these sites promise you a sun and three moons, don’t buy into them.  The only thing you’re doing is making a nice sized donation to somebody you don’t know…and that donation is NOT tax-deductible. 

Seriously, stay away from these sites.  If you wanna invest money into something, invest it in gold.  With the dollar the way it’s going, gold’s only going to get higher, as the trading value of the US Dollar declines due to this horrible credit crisis, Freddie Mac and Fannie Mae buyouts from the Gov’t, and the Federal Reserve printing up more counterfeit bills to save these failing banks.

In the end, say NO to HYIP’s and/or other ‘loan clubs’.

Enjoy yourself,

T.M.