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Thursday, July 27, 2006

SwissCult

Swisscash is the scam of the moment.

In reality, its returns are quite low compared to some of the big scams of the past, the problem is they offer very high returns for multi-level-marketers, which in turn inspires these slimy sorts to con people out of their hard earned money into the 'guaranteed' returns of Swisscash.

Everywhere I look there are more and more people popping up, promoting this scam, either blind to its fallacy, or knowing of it but trying to get as much off their referrals as they can (some members proudly parading the fact that they are working as a team and have suckered in $100,000 + from their downline.)

It's funny, originally Swisscash claimed SwissMutual or whatever-the-hell they're legitimate multi-trillion dollar fund is meant to be called, has been around since 1948 or some such similar date. Then, the Swiss government, along with other agencies, release warnings and basically say they've never even heard of the existence of such a thing.

But of course, this gets 'legitimately' explained away because SwissMutual is no longer registered in Switzerland. What a load of bulldust. They originally claimed it did have long standing connections to the land of the Swiss. You'd think the governing bodies would have at least bloody heard of such a thing before it 'stopped being registered there.'

That's just a tiny example of the false claims and idiotic lies that spring up from this program but the problem is - people lap it up like a puppy loves warm milk.

"Of course, the dodgy site with bad grammar MUST know more than the multiple government and third party agencies which have pointed out that it's a scam. We know nothing about SwissCash's inner workings, or who's behind it - they MUST be telling the truth."

A whole cottage industry has popped up, all hailing to the God of SwissCult. There's exchangers, between SwissCash's internal point-currency, complete with phone numbers. There's cheerleaders everywhere. There's 'teams' working towards common goals, once again complete with details. They even have SwissCash parties in some countries such as Malaysia where every week they all meet and discuss their team and their deity, SwissCult.

It's sad - a lot of the people in these teams are living in countries with a median income lower than most. The SwissCult is offering them the promise of 'guaranteed' returns and a better life, the idea of working as a team, towards a common goal. They can see nothing else than the fake promises.

These people are being suckered, by smiling she-devils and shysters, more money than they can afford to lose.

But, wouldn't it be funny, if this cottage-industry that has sprouted up around SwissCash, with third party exchangers, teams, and the like somewhat sustained SwissCult and allowed it to go on and on and eventually grew into a legitimate income stream and trading market that could sustain the cult?

That'd be a thought - a scam so cult like, that it ends up legitamizing itself. A market so popular, that by force of conviction, it wills itself into legitimate existence.

SwissCult - don't do it.

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