Give & Take Gambling Syndicate

Pollypeptide | 17:41 Tue 11th Nov 2008 | Business & Finance

3 Answers

Has anyone out there heard of the above? It would appear to be a pyramid style investment scheme. It is "run by twelve voluntary members who oversee everything, based near Bristol".

A friend has invested �3,000 and is now looking for other people to do the same. I have said a definite "No!" because I believe that if something seems too good to be true it probably is, but I am concerned about her involving other friends and family.

Do any of you have any experience of this type of thing?

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R1Geezer

happenned before several times, notably on the Isle Of Wight, "women empowering women". Ends in tears, a few people at the start may do ok but most lose out. It's the old pyramid game, you quickly run out of people. Do not touch with the proverbial barge pole.

Pollypeptide

Question Author

Yes, pretty much what I thought. Thanks for that.

Radicalrobbo

This scheme is illegal and has been investigated by BBC consumer programmes, particularly BBC Wales in their X-Ray programme.

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