Here come the mini-Madoffs.The Better Business Bureau warned today about a proliferation of what appear to be Ponzi schemes on YouTube.The agency says nearly 23,000 of these videos — usually promoting “cash gifting” or “gifting club” programs — have been identified, and they’ve gotten nearly 60 million views.”They make it seem like it’s legal and an easy way to make money, but it’s nothing more than a pyramid scheme,” Better Business Bureau spokeswoman Alison Southwick said.
http://latimesblogs.latimes.com/shopping_blog/2009/04/madoff-youtube-scams.html
http://www.siliconvalley.com/news/ci_12103423
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