Is Just Been Paid just a well advertised elaborate Ponzi scheme?
By techweb
@techweb (217)
United States
July 6, 2012 9:21am CST
If the answer is no then what do you understand their business model to be? i.e. how do they plan on sustainably making money other than through a game of musical chairs?
1 response
@hareshbl (121)
• India
6 Jul 12
I have joined JBP recently. I may be wrong but my understanding is that they do not have any business model. They never claim to have any. They themselves say that 80% of their fresh collection goes towards payment of the matured positions. They only claim that their program is self sustainable because of certain fail safe mechanism which is inbuilt in their in their program.
1 person likes this
@Prognator (60)
• Portugal
7 Jul 12
Techweb if you find the fail safe mechanism tell me ^^
They are (supously) given 1 million dollars to the person who find some error in their program that make that sustaintable.
@hareshbl (121)
• India
7 Jul 12
Yes, they offer one million dollars to anyone who can prove that their program is not sustainable. So if anyone is interested in making a million dollars, he can join the program,get all the details and then prove that the program is not sustainable and earn one million dollars. A very easy way of making money. By the way you do not have to pay anything to join the program. So anyone can earn one million dollars without spending any money. No point in discussing here and trying to decide if the scheme is Ponzi or not. If anyone feels so strongly about it, join the program and prove it is Ponzi.
