would this be an illegal scheme?

[bdsic98]

so i got this email stating that you make can make thousands and only investing 6$ and it works like this

there is a list of people 6 number 1-6 each person goes to this web site. http://www.myproductcenter.com/ makes a free product and sells it for one dollar.

for each person on the list they have one product from the site. they then post the link for their product next to their number.
in order for this to work , you have to go to each persons product, pay 1$ each. and then after you have bought all of their products for a dollar, you make your own and add your self to the list at the bottom. you become person number six and every body moves up one. and number one moves off the list.

next it asks to post 200 letters so that on average 15 people will do the same and it ends up like this
- When you post 200 letters, it is estimated that at least 15 people 
will respond and send you $1 ($15).

- Those 15 will post 200 letters each and 225 will send $1 ($225). 

- Those 225 will post 200 letters each and 3,375 people will send you 
$1 ($3,375). 

- Those 3,375 people will post 200 letters each and 50,625 people 
will send you $1 ($50,625). 

- Those 50,625 will post 200 letters each and 749,375 people will send 
you $1 ($749,375).

�- At this point your name drops off the list, but so far, you have 
received $813,615.00.

so im just wondering if it is illegal, i mean you actually have a product.