Tuesday, August 26, 2008

My parents recently received a copy of the David Rhodes chain letter in the mail. This is the second one they've gotten. It's the usual thing, send ten dollars to the first name on the list, then add your name to the bottom of the list and send copies to other people.

To make it really enticing there is a five cent piece taped to the letter. Wow, five whole cents, this couldn't possibly be a scam, do you accept cheques?

There are some distinct warning signs in the letter. It instructs you to not tell your friends or family about it, they won't understand, just trust your feelings and post off your money. Write a note saying that the ten dollars is a gift so that it's all nice and legal. Of course a scam is a scam no matter if you have a note from your mum or not. There is also some dodgy maths to show how much money you'll make.

Like any pyramid or ponzi scheme it might make money for the instigator, maybe even for the second person on the list, but it will soon collapse. For everyone involved to make money, as the scam claims, there would need to be an infinite amount of new gullible people available to send letters to.

The only foolproof way of making money from this scam is to go to the first address on the list and start stealing all their mail. Or put your ten dollars in the bank and earn some interest. You won't get fifty thousand in thirty days, but it's guaranteed.

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  • You gotta respect somebody that is still rocking the chain letter though

    By Anonymous Smythe, at 9 February 2010 at 8:14 am  

  • Yeah, they were popular in primaray school, why wouldn't they be a source of solid investment advice. :)

    Also you never can tell which chain letters are cursed and which aren't. Not until it's too late anyway.

    By Blogger Flit, at 9 February 2010 at 12:42 pm  

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