I was always aware of MLM pyramid schemes, but this one caught me under the radar.
Leadnet pro software offers a way to extract leads from the web, through google, yahoo, directories etc. And send voice broadcasting messages to them. The problem is that most of the time, people you need to talk to will not pick up the phone, so your message goes nowhere. Meanwhile you keep paying the broadcasting and maintenance fees for the software.
When I bought the program, my rep Adam Hashi instantly started telling to look for friends and begin posting ads on craigslist and kijiji etc. To look for more reps to enter the business. It turns out that you are able to sell the program and get a commission of $300, so the only way to make money here is by selling the program. Unfortunately, it is really useless for businesses so the only real buyer are the new reps. This is how the pyramid is built, by suckering honest people into buying a useless product.
You cannot actually test the program, you have to buy it, and once you buy it, there is no refunds. So you are down $400. Luckily, it wasn't $1000's. Oh well, at least its a good tax write off. But, definitely a rip off.!
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