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Old 07-18-2006, 03:16 PM   #1
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Default Scam?

My friend said he'd found an iPod Nano for 60 on MSN. I took a look at the site and I immediately knew it looked a bit dodgy. It's electricalvalley.co.uk. They seem to offer a large range of dirt cheap stuff. Must be a scam right? Has anyone bought anything from that site?
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Old 07-18-2006, 03:32 PM   #2
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Default Re: Scam?

Oh god, avoid!

Terms & Conditions:
2. Prices are based on a 5 buyer basis. This means once you have purchased a certain product, your name will be put on a list, and once 4 more sales are made of that product your item will be dispatched. (This does not mean that you have to purchase 4 items. It simply means that once 4 more purchases of that item, by anyone, are made your item will be dispatched).

It's the pyramid scam.
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Old 07-18-2006, 03:37 PM   #3
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Default Re: Scam?

Oh yeah, feel like an idiot now. Didn't see that at the bottom lol. I'll tell my friend that. Cheers anyways!
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Old 07-18-2006, 03:57 PM   #4
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Default Re: Scam?

Yeah, you gotta watch out for the pyramid scam. Becides, what reseller would use a free (co.uk) domain? Haha, thats so ghetto.
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Old 07-18-2006, 04:48 PM   #5
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Default Re: Scam?

Its a Matrix scheme. Avoid
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Old 07-18-2006, 04:49 PM   #6
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Default Re: Scam?

Matrix scheme?
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Old 07-18-2006, 05:01 PM   #7
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Default Re: Scam?

Yeah, I should've know.

For people that don't know:

The idea of a matrix scheme is you buy one then you have to persuade others to buy one so you can receive yours. Take the nano for example: Say I buy one for 60, then I have to persuade 4 more people to spend 60 to get mine. Then they have persuade people to spend 60... and so it continues. Well, thats the general idea anyway, there are lots of variations. But, while all this is happening the company is making about 300 (60x5). So they make a large profit, while the consumer thinks they are making a large saving. Most of the 'Get an xbox 360 cheap' on eBay things are just links to those sites . Most people have wizened up now though luckily...

I think they are also known as pyramid schemes.
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Old 07-18-2006, 05:03 PM   #8
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Default Re: Scam?

Yeah, the government has done tons to make the public aware of online scams and phishing sites.
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Old 07-18-2006, 05:04 PM   #9
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Default Re: Scam?

Quote:
Originally Posted by alvino
Yeah, you gotta watch out for the pyramid scam. Becides, what reseller would use a free (co.uk) domain? Haha, thats so ghetto.
Free .co.uk?
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Old 07-18-2006, 05:07 PM   #10
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Default Re: Scam?

Oh, nevermind. I forgot those are the UK domains. There was some place that lets you have free domains.

EDIT>>> It was .co.nr. I forgot...
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