$ 1 Award for $1 Investment... Ain't that fishy??
By mr_pearl
@mr_pearl (5018)
India
February 17, 2012 7:32pm CST
Hello... My dear Fellows... I was just browsing throught list of tasks available.. And I came against this one... The task creator has asked to invest $ 1... One needs to pay that one dollar into the task creater's account... And he mentions in the end that he/she will repay with two dollars to the one who has invested...
I smell rat here... What do you think fellows??? Why would anyone want to do this? I mean, Why would anyone offer one extra dollar to anyone who gives him one dollar????
Your thoughts... :)
4 people like this
15 responses
@dorothy172 (984)
• Malaysia
18 Feb 12
Maybe they are looking for some money from other to use to invest, and i am sure that, he or she must gain more than that figure, only they will offer you by investing $1 to get $2 in the end. But for he or she, maybe what they get, is much more farther than you.
2 people like this
@mr_pearl (5018)
• India
18 Feb 12
It might be true dear.. But why ask for 'blind investment'? The task creater can certainly tell us why should we invest in his/her project... I have a feeling that the creator is going to swipe the lot when the task expires and going to cash it into his/her bank account through paypal... I hope no one falls for it.. .:)
Thank you!
2 people like this
@mr_pearl (5018)
• India
18 Feb 12
I too disliked the sound of everything... It was as if the creater demanded us to give him/her USD 1 for nothing... It was as if, the author said, I am gonna take your money and you will do nothing about it... Thank God, we have got enough sense to find scam here... Thanks a lot Hatley dear... Have a good time... Take care..
1 person likes this
@Porcospino (31366)
• Denmark
18 Feb 12
I saw that task, and my first thought was that it looked like a scam. I thought that the person who created the task was going to keep the dollar that people paid instead of paying people 2 dollars when he had received the payment, but then I noticed that he was only looking for one person. I think that if it was scam he would probably have made the task available for many members in order to get more money, but then again, I don't know. Maybe is a scam and maybe he just thinks that he has found a clever way to earn one dollar
1 person likes this
@fannekhan (783)
• India
18 Feb 12
I obliged by attempting to fund his paypal acct with 1$ but paypal would not accept the payment as he is from the same country, India. So i told him that as I submitted incompletion of the given task. But he did not pay me the 1$, simply rejected my submission. Looks like he is testing his site and may end up receiving a few dollars and if he does not reward with 1$, myLot will step in to make him pay, I suppose.
1 person likes this
@fannekhan (783)
• India
18 Feb 12
since his task has been entered incomplete, I mean he has not specified who are eligible or not, I think the task should be either re-entered with complete instructions or simply taken of, what say Baldy???
@gnansekhar (330)
• India
18 Feb 12
hi pearl, i too saw the task but am not ready to invest 1$ into his paypal account.how can we believe that whether he may or maynot refund our money,anyways any one with a little hope can go for it ,but am not going to invest a single penny in such a kind of situation .and one more thing does he mentioned that he repays with 2 $?i saw that he repays the same 1$ in to our mylot account after a few days,if it so,then there is no use of investing the amount to his site.may be i may wrong in noticing that whether the refund is 1$ r 2$.
1 person likes this
@pergammano (7682)
• Canada
18 Feb 12
Good morning, dear son!
Now, you see why, I don't get involved in "making money on-line!" Doubts and fears of not being paid..for your efforts, or it being an out and out scam!
But in this case...Mike, has made every effort to explain to everyone here..it is ONE TASK, asking for only ONE participant at ONE DOLLAR! TWO people can't participate...so I can't see where there is a big money making scheme! As only ONE dollar will EVER be involved.
Miss you being active here, so I can keep tabs on you..LOL!
@chrystaltears (3392)
• United States
18 Feb 12
I research some passive investment income sites like this one night. I read all up on them. Supposedly the man who was running the site was very reputable, and he had had a site like this in 1994 for a couple or 3 years. Well that sounds well and good that he was very reputable and all, but it ended in two or 3 years. Why? And will it only be susccessful again for 2 or 3 years. I think it lasts as long as others invest. If they don't invest you don't get double your money back. Anyway, that's my understanding.
@fantasticbabe (981)
• Philippines
18 Feb 12
i also encounter such task before by donating a certain amount to paypal like a 5 dollar and he would pay it with another 5 dollar and could repeat it many times so many get entice. many join before and also get paid until the mylot contested it with complaint and they refund those who invest. this time i never encounter such task and those you mention involves amount where people may temp to gamble. those task may be to hijack the password so everyone need to be careful about it.
@Sanitary (3968)
• Singapore
21 Feb 12
It's just weird to have such task available. Invest with $1 and we get $2 in return? That's a 100% profit which is unlikely to see elsewhere except for scams. Even if the creator wants to thank mylotters who accepted the task, a full amount of return is simply too much. It's as if the creator is trying to buy people in completing his set task. I will never touch such task for they are really fishy to begin with. I wonder why would mylot allow such task to be approved?
@timetravel (1425)
• United States
19 Feb 12
You can report tasks that violate the terms and conditions set forth by myLot regarding them - which includes not asking anyone to pay any money for anything or to ask for a debit or credit card number.
@notmuchofablogger (189)
• Philippines
18 Feb 12
Well, if you just saw it on the available tasks here in mylot, then there's a good probability that that is a scam and the task maker is trying to take advantage of us and Mylot. Until the task maker showed us a reliable proof that he can really make our money grow and pay us double, that is BS. :D
1 person likes this
@enelym001 (8322)
• Philippines
18 Feb 12
Hello mr_pearl,
I haven't visited the task dashboard for months until I read this discussion you made. Unfortunately when I tried to check out the one you've mentioned I wasn't able to see it anymore. Maybe the task had ended already. Well, for me I wouldn't try it. AS I read through other responses, I am thinking there are other ways to test if his paypal is working. Maybe through good friends or bloggers whom he have been interacting before. Coz even if it is not a scam, most people would think that s/he will just scam that $1.