Article View: ny.general
Article #420Re: Illegality of "Make Money/Fast Cash" Schemes
From: Doug Fry
Date: Sun, 20 Oct 1996 00:00
Date: Sun, 20 Oct 1996 00:00
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In a previous article, bd232@FreeNet.Carleton.CA (R. Findlay) says: > >In a sentence, don't post or distribute them! > >========================================================================== >As applied to Canada . . . > > EXTRACT FROM THE CANADIAN CRIMINAL CODE > >206. (1) Every one is guilty of an indictable offence and liable to >imprisonment for a term not exceeding two years who . . . > >(e) conducts, manages or is a party to any scheme, contrivance or >operation of any kind by which any person, on payment of any sum of money, >or the giving of any valuable security, or by obligating himself to pay >any sum of money or give any valuable security, shall become entitled >under the scheme, contrivance or operation to receive from the person >conducting or managing the scheme, contrivance or operation, or any other >person, a larger sum of money or amount of valuable security than the sum >or amount paid or given, or to be paid or given, by reason of the fact >that other persons have paid or given,or obligated themselves to pay or >give any sum of money or valuable security under the scheme, contrivance >or operation; >===================================================================== >As applied to the U.S. ... > > [Inspection Service Seal] United States > Postal Inspection Service > > Chain Letters > -------------------------------------------------------------------- > > A chain letter is a "get rich quick" scheme that promises that your > mail box will soon be stuffed full of cash if you decide to > participate. You're told you can make thousands of dollars every > month if you follow the detailed instructions in the letter. > > A typical chain letter includes names and addresses of several > individuals whom you may or may not know. You are instructed to send > a certain amount of money--usually $5--to the person at the top of > the list, and then eliminate that name and add yours to the bottom. > You are then instructed to mail copies of the letter to a few more > individuals who will hopefully repeat the entire process. The letter > promises that if they follow the same procedure, your name will > gradually move to the top of the list and you'll receive money -- > lots of it. > > There's at least one problem with chain letters. They're illegal if > they request money or other items of value and promise a substantial > return to the participants. Chain letters are a form of gambling, > and sending them through the mail (or delivering them in person or > by computer, but mailing money to participate) violates Title 18, > United States Code, Section 1302, the Postal Lottery Statute. (Chain > letters that ask for items of minor value, like picture postcards or > recipes, may be mailed, since such items are not things of value > within the meaning of the law.) > > Recently, high-tech chain letters have begun surfacing. They may be > disseminated over the Internet, or may require the copying and > mailing of computer disks rather than paper. Regardless of what > technology is used to advance the scheme, if the mail is used at any > step along the way, it is still illegal. > > The main thing to remember is that a chain letter is simply a bad > investment. You certainly won't get rich. You will receive little or > no money. The few dollars you may get will probably not be as much > as you spend making and mailing copies of the chain letter. > > Chain letters don't work because the promise that all participants > in a chain letter will be winners is mathematically impossible. > Also, many people participate, but do not send money to the person > at the top of the list. Some others create a chain letter that lists > their name numerous times--in various forms with different > addressee. So, in reality, all the money in a chain is going to one > person. > > Do not be fooled if the chain letter is used to sell inexpensive > reports on credit, mail order sales, mailing lists, or other topics. > The primary purpose is to take your money, not to sell information. > "Selling" a product does not ensure legality. Be doubly suspicious > if there's a claim that the U.S. Postal Service or U.S. Postal > Inspection Service has declared the letter legal. This is said only > to mislead you. Neither the Postal Service nor Postal Inspectors > give prior approval to any chain letter. > > Participating in a chain letter is a losing proposition. Turn over > any chain letter you receive that asks for money or other items of > value to your local postmaster or nearest Postal Inspector. Write on > the mailing envelope of the letter or in a separate transmittal > letter, "I received this in the mail and believe it may be illegal." > >
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 101eb4,12303ba250b098e1,start X-Google-Attributes: gid101eb4,public X-Google-Thread: 106ed4,12303ba250b098e1,start X-Google-Attributes: gid106ed4,public X-Google-Thread: 10a12a,12303ba250b098e1,start X-Google-Attributes: gid10a12a,public From: br816@freenet.toronto.on.ca (Doug Fry) Subject: Re: Illegality of "Make Money/Fast Cash" Schemes Date: 1996/10/20 Message-ID: <DzKCs5.8wM.0.bloor@torfree.net> X-Deja-AN: 190706857 sender: br816@torfree.net (Doug Fry) references: <54298v$a67@freenet-news.carleton.ca> organization: Toronto Free-Net Inc., Toronto, Ontario, Canada reply-to: br816@freenet.toronto.on.ca (Doug Fry) newsgroups: ny.general,ca.general,fl.general