The Cyberwize Saga continues

networkscams — Tue, 21 Jul 2009 04:32:10 +0000

For those of you who are thinking of getting into this please don’t. I watched a great friend of mine throw friendships down the drain and flush thousands of dollars down the toilet. I heard Cyberwize is getting sued right now…don’t know if that true. The same source sent me these stats, that you will not hear from the ‘living legend’ that is Mr. Hager. I could go on and on and on about what my friend went thru but I will save you the 19 page post. Just please take my word for it and turn the other way and run as fast as you can. For the friends and family members that are already in it, leave them there. they have already been brainwashed and will only look at you as some body who doesn’t want them to succeed. The ‘workshops and meetings’ teach them this. Advising them to leave this company is useless, it will not work.

http://wiki.answers.com/Q/Is_Cyberwize_of_Sarasota_Florida_a_scam

Is Cyberwize a SCAM

Steve Albright of Reviewopedia is skeptic about the matter, and though he says a lot, he leaves the decision to the end user or reader. He starts with an introduction about what they market and continues to expose the poor status. Quoting some of his material,

Now, regarding the CyberWize.com business opportunity and other Network Marketing schemes there are several things you should know. After many lawsuits against these types of companies, laws have been passed that prevent them from making false income statements. Moreover they have to reveal how much their members are making in a full income disclosure statement.

Basically this means that a CyberWize rep can’t tell you that they’re making a 100k a year unless they can prove it, and if not then they’re breaking the law. The CyberWize income disclosure statement is very revealing and explains why many people call it a CyberWize scam. This is posted on the CyberWize website.

In 2006-2007, 39,039 IBOs were reported to have had at least one sale. The average annual income for all these IBOs in 2006-2007 was $405.43, the median income was $125.63 and during this period 74% received no income at all.

When you attend meetings and sales pitches CyberWize reps will make it seem like it’s very possible to reach that top echelon. Yet realistically it’s very difficult to duplicate that kind of success unless you’re getting in at the ground level of a company. And along the way you will have to face a lot of rejection, selling to friends and family, and mounting business fees.

Is Cyberwize of Sarasota Florida a scam?

This is yet another pyramid scheme, and internet searches will reveal the many problems that people have had with them. The Better Business Bureau did report that they had to pay $100,000 to the Attorney General, but the reason was unclear.

Former CyberWize executive Gregg Sturz said: In addition to the deceptive statements and practices of the Plaintiff its promotion of an inherently fraudulent pyramid scheme omits to state a material fact when it does not explain to its distributors that the program is bound to collapse.

The mean average income of the bottom 99% of the active Cyberwize sales representatives was $5.61 per week (before expenses and taxes are deducted resulting in a significant loss).

CyberWize was also fined $3,000 in 2004 through Project Biz Opp Flop, a coordinated attack on misleading and bogus money-making schemes.

See the WikiAnswers.com

Cyberwize pyramid game scam to avoid

Every now and then we get emails from people who have been scammed. Usually we already know about the scam they report, but not in this case. Peter Horn, who just started to explore the internet, found a promising work from home offer, and since they were extremely convincing, he jumped on the band wagon as well. And this was just the beginning of his unfortunate journey into cyberwize.

http://devoracles.com/cyberwize-pyramid-game-scam-everything-you-want-to-avoid

Tunguska Mist

The Cyberwize Saga continues

Is Cyberwize a SCAM

Is Cyberwize of Sarasota Florida a scam?

Cyberwize pyramid game scam to avoid