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4:28 PM
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'Women Empowering Women' has received a lot of adverse publicity over the past year; it works like a chain letter and only women can take part. Participants are asked to give £3,000 to a member of a network (usually a family member or friend). In return, the new "investor" may expect to receive multiples of that amount, up to £24,000, as they progress though the network hierarchy.
To be successful, the scheme relies on a constant flow of new "investors". However, the network eventually breaks down as the pool of new participants, with £3,000 to risk, dries up. When this happens those joining the scheme later stand a good chance of losing their original contribution, never mind any return.
Although you may have heard about people who claim to have made large amounts of money from schemes like this, there are thousands of unhappy people who joined the scheme and lost money
To be successful, the scheme relies on a constant flow of new "investors". However, the network eventually breaks down as the pool of new participants, with £3,000 to risk, dries up. When this happens those joining the scheme later stand a good chance of losing their original contribution, never mind any return.
Although you may have heard about people who claim to have made large amounts of money from schemes like this, there are thousands of unhappy people who joined the scheme and lost money
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