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Article: Did-you-know-SEC-is-shutting-down-PAS
by Terence Chan
Hi Wealthbuilder..
I have just gotten this piece of news..
If you are into PAS (Prosperity Automated System), you need to
READ this message right away...because they are about to get
shut down by the SEC for being an illegal pyramid scheme.
It pains me once again to see yet another "network
marketing" company fail to operate its business legally,
and hurts more to know that some of my own subscribers and
customers are members of this program.
There were 2 red flags in this program.
The first red flag was that they did not
have a real product offering(in the beginning).
The 2nd red flag was that they started charging a premium to
their members for "Coop Advertising" shares, which most
veterans in this industry know that you can make a profit
from. And then they started heavily using the "let us do
all the advertising for you" approach so that you don't have
to do squat. (never a good idea)
That is why I did not join PAS nor did I oblige myself to
any one of you who were in PAS, for this reason.
And it was too expensive an initial investment. i
could not have forked out USD3000 for a start.
I am, however, very sorry if you are in PAS and have not
recouped your investment yet.
Going back to the news...
The Securities Exchange Commission has deemed the Prosperity
Automated System(PAS) to be an Illegal Pyramid Scheme
and have filed lawsuit to shut them down.
More details can be found in the LA Times article online at
http://clicks.aweber.com/z/ct/?GHfWxIbnC7SVbLAbnh2RDg
Marketing programs, especially high ticket items like PAS,
are great to promote because you can quickly recoup your
investment and make a sizable income from very few sales.
What I typically look for in programs is PRODUCT VALUE.
Here are the questions I ask myself...
Q: Is there a real product I can gain benefit from?
Q: Does the product help me improve in my marketing?
Q: Is it a product I would recommend to others (even if
I am not reselling it)?
I have tried different programs, and I decided that i will stop at only these 2.
http://www.secretinternetwealth.com/cbmall
(its an online clickbank mall, that sells great informational products)
http://www.secretinternetwealth.com/gdi
(a program selling domains and websites)
Cheers!
Terence spends the last 10 years as a sales professional in the ERP solutions industry. Has a MBA from California State University. He believes that working professionals should always build their Secret income.
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