Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Wednesday, September 18, 2002
Pyramid Schemes
Whether you call it a chain letter, a pyramid plan, or a gifting party, the concept is exactly the same. The first group of people will usually make some money, and then the supply of suckers dries up and the latecomers are out thousands of dollars.
There are technically laws against these kinds of scams, supposedly to protect the idiots walking among us. I'm a big believer in the Darwinism of finances and consider the rip-off to be a pretty effective punishment for being mortally stupid.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/18/2002 07:06:00 PM Send this post:
