Comments on: Pyramid Schemes in Uganda: Together as One Community Project http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/ musings and meanderings of a multi-disciplinary researcher learning about information technology use in developing regions Mon, 21 Nov 2011 07:51:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ben http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-385 Ben Mon, 12 Oct 2009 13:17:29 +0000 http://ictdchick.com/blog/?p=144#comment-385 I love what ignorance does to people. People need to separate between a gift circle, a SACCO actually these are regulated under Ugandan law, a Pyramid scheme which is illegal. Note that not all pyramid shaped businesses are illegal. I know pyramids like Direct Selling or call it Network Marketing or MLM industry are true businesses. Check out www.dsa.org or www.wfdsa.org is the website for World Federation of Direct Selling Association. So get educated about these structures that look like pyramid structures but not all are illegal. I love what ignorance does to people. People need to separate between a gift circle, a SACCO actually these are regulated under Ugandan law, a Pyramid scheme which is illegal. Note that not all pyramid shaped businesses are illegal. I know pyramids like Direct Selling or call it Network Marketing or MLM industry are true businesses. Check out http://www.dsa.org or http://www.wfdsa.org is the website for World Federation of Direct Selling Association. So get educated about these structures that look like pyramid structures but not all are illegal.

]]> By: melissa http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-383 melissa Tue, 15 Sep 2009 05:35:27 +0000 http://ictdchick.com/blog/?p=144#comment-383 While the people in the very beginning of the project benefit, it is at the expense of many people at the bottom of the pyramid. Eventually the scheme collapses when there are no more people left to be recruited to pay into the system. So yes, he may believe he will make a profit, but only by hurting others (possibly you). The basic principle is that you are being offered high monetary gains even though nothing is actually being produced -- if it is too good to be true, it probably is. While the people in the very beginning of the project benefit, it is at the expense of many people at the bottom of the pyramid. Eventually the scheme collapses when there are no more people left to be recruited to pay into the system. So yes, he may believe he will make a profit, but only by hurting others (possibly you).

The basic principle is that you are being offered high monetary gains even though nothing is actually being produced — if it is too good to be true, it probably is.

]]> By: Scott http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-386 Scott Mon, 14 Sep 2009 09:59:30 +0000 http://ictdchick.com/blog/?p=144#comment-386 i have just recieved a copy this "Together as One Community Project” form from a friend who has already joined. The guy seems to strongly & whole heartedly believe that its a clean project and he now wants me to join by buying one of his 3 forms. BUT i respect this guy, he's a smart guy but i don't get it why he falls into these kind of things. Just recently, a SACCO disappeared with his cash deposits but hes not learning from that experience. some one advise me on how i can plainly & clearly explain these games to him. i have just recieved a copy this “Together as One Community Project” form from a friend who has already joined. The guy seems to strongly & whole heartedly believe that its a clean project and he now wants me to join by buying one of his 3 forms. BUT i respect this guy, he’s a smart guy but i don’t get it why he falls into these kind of things. Just recently, a SACCO disappeared with his cash deposits but hes not learning from that experience. some one advise me on how i can plainly & clearly explain these games to him.

]]> By: alex http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-382 alex Thu, 27 Aug 2009 15:56:36 +0000 http://ictdchick.com/blog/?p=144#comment-382 am ready to play this money game. it seems it is a plot. am already a member is ishaka twon in bushenyi district. but your office is not to standard pliz make it right. am ready to play this money game. it seems it is a plot. am already a member is ishaka twon in bushenyi district. but your office is not to standard pliz make it right.

]]> By: Giny http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-380 Giny Sun, 23 Aug 2009 15:47:17 +0000 http://ictdchick.com/blog/?p=144#comment-380 i really agree with you i really agree with you

]]> By: peter http://ictdchick.com/blog/2009/08/13/pyramid-schemes-in-uganda-together-as-one-community-project/comment-page-1/#comment-379 peter Wed, 19 Aug 2009 18:00:12 +0000 http://ictdchick.com/blog/?p=144#comment-379 Hey guys . i wonder how such money games can go on and on without government or bank of uganda intervention to shut them . they have been closed everywhere . but looks like uganda is a land of fraud! shame upon bank of uganda and the administration of mbarara . Hey guys . i wonder how such money games can go on and on without government or bank of uganda intervention to shut them . they have been closed everywhere . but looks like uganda is a land of fraud! shame upon bank of uganda and the administration of mbarara .

]]>