Scams - Sisterhood
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In the vast arena of scams and frauds sisterhood is another of the bad business opportunities appearing in the United States. While most of the scam schemes take a few months to conduct the operation Sisterhood is a much advanced form ripping people of their hard earned money in just a few days. Individuals are convinced to invest $2,000 or $5,000 with the promise of huge investment returns. If they influence others to invest into it, they will also earn commission for it. After a few days you get no trace of the organization or your money.
This scam is affecting women investors in large number as it is a much-talked about topic of many Women's Dinner Parties in Portland. For a few months metro-area women are attending secret meetings to access some get-rich-quick schemes to help them and other compatriots change their life. It is difficult to make true estimate of the loss yet over 200 women have taken up the scheme and invested $5, 000 each in the hope of making $40,000 jackpot after five to seven weeks.
To cover things from the notice of IRS the transactions take place in the guise of Dinner Party while essentially it is just another pyramid scam. In a pyramid scheme, money comes only through recruiting new members. It does not have any method of selling new products and thus eventually it will fail profiting few and dumping others. Unlike the propagated idea of women helping women, Sisterhood is about women cheating women. Once the discontent arises among its members it will die its own death. The worst point of this scam is that it plays upon the emotional affinities and political connections of individuals to dupe them. It propagates the message that when things are odd for women in this men world Sisterhood lends a helping hand to support them. Better not to trust its credibility.
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