| Comment Number: | 522418-05759 |
| Received: | 7/3/2006 1:17:18 PM |
| Organization: | |
| Commenter: | David Lantz |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I've been scammed out of over 5000.00 dollars in total by a company called Prosperity Automated System, this company makes it sound like you sign on and they automatically help you earn 3000-9000 a month. After a few months I figured this out from all the recruiting calls and the deception that was being used, it was a pyramid scheme. I know for a fact over 80% of the members haven't made a cent. These types of scams need to be controlled some how and I believe full disclosure would be a good step in the right direction, but the penalty for a false disclosure must have some weight to it , or these people will just post a false number and go on about business. Disclosure is a good start, but compliance will need to monitored closely and violators need to be punished harshly. It's a good start as it's a wild west atmosphere and these people are busy grabbing as much money as they can.