Has anyone had any experience with the EDCGold accounts? I keep getting someone emailing me a sales pitch that I could make a fortune by selling them.

EDC Gold reads as just another pyramid scheme - but with a higher loss to those at the bottom of the pyramid.

It gets around the technicalities of being outright illegal by selling junk ebooks, which is an increasing tactic for pyramid schemes looking for a legal loophole.

Here's how it works:

1. You pay someone $997 for access to these "ebooks".
2. You then try and resell access to these ebooks to others for $997
3. The person you signed up for gets your first few sales
4. You join people up to you, you get their first few $997.

Got to admit, I find the whole EDC Gold scheme to be pretty sick. It's not simply just like a pyramid scheme, it's one that demands a hefty investment just to get involved.

So the people who sign up stand to lose a lot of money unless they can get other people signed up onto it.

Make no mistake, the EDC Gold system isn't at all about selling ebooks - check any of the EDC Gold conversations going on online and no one mentions the books as an actual saleable product - they just talk about making earnings from signing people up.

And mention EDC Gold and just watch the scammers jump in to tell you how it's all about making easy cash.

Anyone here wants to join a pyramid scheme and scam people, join EDC Gold.

I see my first reply was edited out and never posted, imagine that...

But get your facts first, brian, before you post on EDC Gold. They don't sell ebooks, they sell COMPUTER SOFTWARE (and in the coming weeks will be rolling out a retail aspect to the business).

And you don't "only join at $997" . You can join at $15, $297, $997, even for FREE to get a back office, and THE OWNERS' PERSONAL PHONE NUMBERS TO CALL THEM.

What kind of a scam gets you to join for FREE?

Get your facts right. Using the words "scam" and "pyramid scheme" are very serious allegations. Do you have the facts to back that up? Do you even know what those words are?

You are of course free to post any opinion, but just that - if you don't like it, think it's terrible, feel free to say that - but EDC Global is a very legitimate internet business - just because YOU don't like it (or don't know anything about it), does NOT make it a "scam"

And lets see if "brian" the administrator has the cajones to post this reply, a reply contradicting YOU and what your opinion is.

Cheers!

Doug

Link drops in a post automatically set it up for moderation, but as you've replied without the link drop I'll ensure that's removed.

As for your comments - you've not made any effort to contradict it being a pyramid scheme - all you've done is broken down the entry levels to it.

If you think a scam needs to charge people first, that's your opinion - but too many scams seek to identify a market (desperate people with $1k to burn?) and then basically groom these "leads" until they're ready to hand over their cash and join the pyramid.

I'll say this - it's a clever scheme - but I expect it won't be too long before we read that it's all come crashing down.

I'd love you to come back and post about your opinion then, telling us that it was all about "internet marketing" and "ebooks" or "computer software".

Face it - you're peddling junk and the only interest behind the entire scheme is how to get the next $1k out of those free leads, so that you can make money off their sales.

Sounds like a pyramid scheme doesn't it? Just technically isn't in legal terms if you're "selling" goods, but doesn't mean to say it won't come crashing down like a pyramid scheme.

Brian,

You are totally contradicting yourself. First you call it a pyramid scam/scheme, then you follow up with "Just technically it isn't in legal terms."

Either it is or it isn't! C'mon. The real issue is that you don't like those type of opportunities, which is cool. We all have our bias. But don't throw around the word "scam" when you youself know "technically" you are wrong. To this day, there are people who call Amway a pyramid scheme, even though they've been around nearly 50 years.

If you truly want to talk about a pyramid scheme, look no further than Tyco, Worldcomm, Enron and countless other mega corps where the guys at the top are the only ones getting rich, while the poor saps at the base of those structures suffer. (Oh, I know, we accept those type of pyramids.. it's ok for the Dennis Kozlowski's of the world to pocket 9 figures annually but a guy looking to change his life by promoting a network mktg home business is somehow scamming..)

Fred

BTW, I am not a member of EDC.

ft12, according to Wikipedia:

Hm...sounds just like EDC Gold to me.

However, it's not technically a pyramid scheme unless ruled as one in a Federal court.

Let's face it, all EDC Gold is all about is reselling "rights" to other people to resell the rights to someone else who resell the rights on...and all the time the originator taking a cut from the scheme.

So I'm saying it sounds like a pyramid scheme - but until it is technically classified as one in a court of law, I would be in danger of commiting libel which would demand I single-handedly prove EDC Gold is a pyramid scheme.

Instead, as EDCgold.com is registered in Nevada according to the public WHOIS, I've filed a complaint at the Nevade Attorney General's office:
NVAG

If EDC Gold is a legitimate business then no body has anything to fear.

If it can be judged a pyramid scheme by US Federal authorities, then perhaps joining up now isn't going to be a good idea because there's a good chance of losing a thousand dollars pretty quickly.

I'll keep you informed of how my reports to US authorities go.

Scam or not?
You be the judge.

- What are the products?
- Software or getting people to join with a fee
- Legally they have to give you something for the money, so they give you some second rated software
- But really, you are selling the idea of "making a thousand a day", which many people will buy, very "smart" and "sick"
- Because you really get nothing for your money except the opportunity to be in a group of scam artisits
- get the similar website and duplicate the same rubbish about marketing "team", sound professional, but actually bunch of losers who are desperately trying to get his loss back and contining cheat on others
- first you want to be a business owner
- after you paid money, you feel like a victim
- then you become a criminal yourself
- you have to cheat to get others involved so that you feel better
- I can assure you that all of these people who made money via this method WILL eventually be broke
- what goes around comes around and someone else will get to them
- you will see
- okay, don't join any of these garbages

"The thing you have to realize, is that most of these people are so inert, so hopelessly dependent upon the system, that they will fight to protect it."

Sound familiar guys? He's talking about YOU. (and bonus points for guessing which movie that is from...)

If you don't like something - good for you! But it's not a "scam" just because you don't like it.

I have a very wonderful group of people in my team, we love life, and we go about our days finding other people who love life. NO ONE is scammed on ANYTHING - everyone knows EXACTLY what we are doing, and what they are buying with their money.

BUT PLEASE EXPLAIN HOW I CAN SCAM SOMEONE WITHOUT TAKING ANY MONEY FROM THEM? WITH THEM JOINING FOR FREE?

I used to live in my cubicle just like you do, brian, except one day I woke up and realized it was slavery - nothing more. Now I do every day what I want to -not what my boss tells me to do. And I thank Craig and Mike from EDC Gold for it every day I call them.

Cheers!

greenflash, I own multiple businesses and make a lot of good money - by putting the effort in to develop proper and sustainable business models that earn a long-term income.

Funnily enough, reading about it online, your "top earners" on the EDC Gold program earn less than me. Difference is, I'll even have grown my revenue streams in two years time - your EDC Gold earners will probably have none and have to chase the next "get rich quick" scheme.

The problem you have is that EDC Gold doesn't apparently have sustainability - you're dependent on people looking for easy cash with little work, who are prepared to drop $1k for the rights to resell the "opportunity" to make easy cash with little work.

What I find really pathetic is when EDC Gold wannabes spam my forums with their junk, desperately trying to find the next desperate sucker who will part with $1k for easy promises.

And somewhere along the lines this gets called "marketing" by "marketing consultants".

If you actually knew anything about real marketing, you'd know that free leads are ripe for upsell, which is precisely why they are collected. You're not looking for free sign-ups - you're looking to convert free into paid sign-ups. That's upsell. But you're not selling them any value.

I sincerely hope you have some kind of alternative business plan set up, because when pyramids collapse, it takes out every level. Enjoy your cash while you have it.

The thing you have to realize, is that most of these people are so inert, so hopelessly dependent upon the system, that they will fight to protect it

That sounds entirely like EDC Gold "internet consultants" to me.

brian, please advise:

I am vey sick of my current job situation and have been eagerly seeking "opportunities such as GDI (global domains), PAS, and now EDC --- I appreciate your candor and reading your posts has made me very sceptical and wary of these schemes. (extremely disappointed as well -- they did look
promising !!)

My question is whether you can recommend a truly legitimate and solid business plan out there - on the net that really would warrant one's time, resources and effort -- a plan w/excellent support systems and a whistle clean rating ... can you e-mail me to let me know of your reply. I just joined this finance forum. Thanks, David50