Is this too-good-to-be-true offer a con?

[JonnyBoy12]

Do any fellow ABers have any experience of the following business venture, and if so is it for real, or just a con?

www.streetwisenews.com/atm

Thanks for any answers, ABers.

[Eve]

I can't help but think that if it was that wonderful then everyone would be doing it and if they are making so much money then surely they could afford a better website than the tacky one which screams it's a con.

Essentially it's pyramid selling. The only people who seem to make the money are those at the top or on recognised schemes with a decent product to sell.

Appears to be backed by these guys so may be worth a phonecall to see if they can back up the claims.

http://www.streetwisepublications.co.uk/

[Eve]

Some info on them here...

http://www.thisismoney.co.uk/news/columnists/a rticle.html?in_article_id=407993&in_page_id=19 &in_author_id=5

http://www.asa.org.uk/asa/adjudications/non_br oadcast/Adjudication+Details.htm?Adjudication_ id=40199

http://www.internetmarketing247.com/

[buildersmate]

Well you have to read through an awfully large amount of hype before you get to this:

Here�s How Much You Could Make
Let�s look at the sums:
If you can get a mere 100 people (I�ll show you how soon) to pay you just �24.97 a month then that�s �2,497.00 a month coming into your account. I�ll wager that�s close to your take-home pay right now � and how hard do you need to work for that?

I think that explains everything. To persuade 100 people to give you �24.97 per month is sure going to need them to believe that they will get their own quantities of �24.97 coming rolling in through the door.
In turn, this money comes from someone else down the line.
This is yet another version of a pyramid scheme.
No, it won't work.