Money Doubler Madness

Money Doubler Madness

by: Elaine Currie, BA (Hons).

After being around in the background for a while, money doublers suddenly became a huge craze on the internet. Forum message boards sported hysterical testimonials like กI Cycled!ก and กI Got Paid!ก

I wonder if they call it a craze because it only crazy people fall for it. Well, I’m certainly not crazy, on the dull side of sensible I’d say if I was pressed on the subject. I am not given to trusting people and you won’t find me accepting a free lunch.

So why did I get involved? I put it down to an unattractive little green mean streak of greed. Once that little green fellah gave me a nudge, there was no stopping me; I went from weakness to weakness.

I thought that it would be safe to join one of the established programmes, so I joined the Easy Chair Club’s My Magic Doubler. I invested $100. Their server crashed and they closed to new members with bewildering suddenness. I wondered if I was their last ever member to sign up.

My natural mistrust of human beings became even deeper and I resolved not to make a similar mistake in future; I would not be tempted to join another money doubler.

Some days later, I received $120 back from Easy Chair Club. I had not doubled my money, but I was in profit. I began to like the human race a little better and to think maybe money doublers were not such a bad idea.

Double Bot caught my attention. People were getting paid out and, best of all, they had what they called a กspamก section on their forum where members could discuss money making opportunities (ie other doublers). I invested $50. After my success (I did not see it as a lucky escape) with My Magic Doubler, I was feeling confident.

At this time Matrix Twisted was about to launch. This was my chance to get in at the very start of a doubler and make some big money, so I funded my account with $50. The difference in time zone meant that I would have to buy shares in the middle of the night. Regrettably, I slept through the excitement of the launch. I also missed the trauma of the instant crash and the first howls of กScam!ก I began to feel less confident and more like a Jinx.

Cycle It Fast had already been relaunched and people were getting their money doubled within hours. Strangely, once I had taken the plunge and invested, things changed and I reckon it would have been better named Cycle It Extremely Slowly. Instead of cycling times being expressed in hours, they rose to days and then weeks. Cycle times are no longer mentioned. I think the wheels fell off the day I joined.

I decided Cycle It Fast would have to be a long term investment. I still had Double Bot for quick profit. I was surprised to note, when I visited the forum, one day that the popular กspamก section had been removed and posts along the lines of ก10 days and I haven’t cycledก and กWhere is my money?ก were appearing. I started to feel a little uneasy. I was disappointed but not surprised when the Bot hit the rocks. How strange, it had been doing so well before I joined. I asked for a refund but I think admin were too busy baling out.

Anxious to recover my losses, I invested $50 with Profit Sharing Hits. Money doubling with advertising hits on top. What could go wrong? I was stunned when the members’ forum disappeared overnight and Admin announced that a relaunch was necessary. I again got that eerie feeling of being the last one in before the doors closed.

After several emails from me, a reply arrived from Double Bot. As admin had not got round to refunding my money before they relaunched, they were offering me a choice of paying them a 35% fee to process the refund or reinvesting in the Bot even though doubling had stopped.

That is the absolute end! Pass me that albatross and call me Jonah. It seems that any doubler that takes me on board will immediately sink. I might as well go and throw my money straight into the sea, at least I’ll get some fresh air at the same time. I have learned my lesson. I’ll concentrate on my Plug In Profit Site and will not waste any more time or money on these stupid doublers.

Wait up! I just got mail and there’s a money tripler about to launch. Now that’s different…

About The Author

This is one of a series of articles published by the author, Elaine Currie, BA(Hons) at http://www.HuntingVenus.com.

Subscribe to Online Profit Course newsletter by mailto:[email protected]

[email protected]

This article was posted on December 02, 2004

by Elaine Currie, BA (Hons).

The Truth About Doublers

The Truth About Doublers

by: David Congreave

In 1919 Charles Ponzi invited business men and women to invest in his business and promised to double their money. Returns were guaranteed. Charles Ponzi recruited new investors and used their funds to pay earlier investors. Unsustainable, the business eventually collapsed leaving a great number of people with nothing to show for the funds they had committed. Charles Ponzi was imprisoned and from that day, scams that mimicked this approach became known as ‘ponzi schemes’.

In more recent times, many of these types of schemes go by the name of ‘Doublers’, ‘Triplers’, ขBubblesข, ขCyclersข, ขGiftingข and other variations. When this article uses the term ‘Doubler’ it is referring to a scheme that operates in the same way as a ‘ponzi’ scheme. However, this article is not suggesting that all schemes including the name ‘Doubler’ are ponzi schemes.

If you have joined, or are considering joining, a money doubler program, study it carefully to see if it operates as a ponzi scheme.

Some ponzi schemes provide you with a product or service in exchange for your investment in a bid to achieve the appearance of legitimacy. Don’t be fooled! If a program promises all investors a complete return on their investment without limiting the number of applicants, this program is almost certain to collapse.

Legitimate enterprises will limit the number of investors or require members to achieve their own sales. A legitimate enterprise will never guarantee a profit.

Illegal

The laws of the country you live in may prohibit running, or investing in, a ponzi scheme. Owning a ponzi scheme, investing in a ponzi scheme or permitting a ponzi scheme to be promoted through your website or advertising network, may be illegal.

Remember, ponzi schemes rarely use the word ‘ponzi’ in their name. ‘Doubler’, ‘Tripler’, ‘Cycler’ are all common euphemisms for this kind of operation. Before investing in any program, examine it carefully to see how income will be generated.

If you knowingly involve yourself with a ponzi scheme, you run the risk of losing your investment, damaging your reputation, or even legal action.

Immoral

The modern Internet Marketer may well be familiar with money doubler programs and how they operate.

Some Internet Marketers have written illadvised articles that demonstrate the best way to profit from Doublers without losing your investment. Usually this runs along the lines of ‘join a program early and withdraw your funds before the program collapses’, effectively using Doublers as a form of gambling.

Putting aside the obvious financial risks of such an approach, this view selfishly ignores the large number of people who will lose their investment from the program.

When a Doubler program collapses, everyone who invested last loses their investment. In some cases this can affect hundreds or even thousands of people. Sadly, many of these will assume that it was the individual program, rather than the concept, that was to blame and will try again with a new program.

It doesn’t take a mathematical genius to work out that if you put any number in a calculator and multiply the result by 2 over and over, the number grows exponentially. Even the most avidly promoted Doubler will collapse when the number of new investors required to sustain the program becomes unachievable.

If you are tempted to speculate on these programs, please remember this one important point:

The money you receive comes ultimately from the people that lose their investment.

And, unlike gambling, many of these people were unaware that their investment was at risk.

If you involve yourself with a Doubler program with full knowledge of how they work, you are giving your approval to a fraudulent operation that is tantamount to theft.

Would you steal your neighbours television set because they accidentally left their front door unlocked? Would you knowingly purchase stolen goods?

If your answer is ‘Yes’ then this article probably means nothing to you. If the answer is ‘No’ then ask yourself why you would give your approval to a Doubler program?

If you are intelligent enough to understand how Doublers work, you are intelligent enough to make an honest income online.

Build your own website. Provide an online service. Sell affiliate products. There are a vast number of legitimate business opportunities available to you without resorting to the underhand tactics used by operators of Doubler programs.

If this article can persuade even a few people to leave these programs alone, then it will have been worthwhile.

About The Author

An initiative has been started to spread this message. If you agree with the content of this article, please link back to the original version of this article at http://www.thenettle.com/doublers/truth.html.

If you would like to Help Spread The Truth About Doublers, plese click here: http://www.thenettle.com/doublers/truth2.html for a variety of methods that can help me to promote this article. Please use as many of them as possible.

You can keep an eye on the campaigns progress on my blog at http://www.thenettle.com/blog/

This article was written by David Congreave. David lives and works in Leeds, UK with his wife Leanne.

[email protected]

This article was posted on November 15, 2004

by David Congreave