Get-Rich-Quick Schemes

Many who are looking for a quick way to create riches in the shortest time have fallen prey to rogue marketers who have been giving false hopes and promises.

Initially, network marketing or multi-level marketing is one of the get-rich-quick schemes. It is highly recommended by many successful entrepreneurs such as Robert Kiyosaki. However, there are good network marketing companies and majority not so good ones. Unfortunately, more join the bad ones.

Then came the next wave: Investment seminars on such subjects as forex, options, stocks and property, which promised easy money from investment coaching and wealth-creation systems. These too, have a high failure rate.

Recently, a new wave has emerged: Internet marketing, which promised easy ways to make money online with a click of the mouse. Internet marketers boast about their six-figure earnings and many invested thousands of dollars in the hope that these so-called 'Internet marketing gurus' would deliver what they promised. But the word soon got around that it wasn't so.

So who wins in the end?

The promoters and organisers who received all the fees paid by the participants. These self-proclaimed millionaires added hundreds of thousands of dollars into their pockets while their students didn't even make enough to recover their seminar fees.