Legal Question in Business Law in Texas

Internet opportunity

If someone on the internet proposed a 'retirment plan' where the participant would give the owner say $10 a month for 24 months and the owner would then give that person say $1000 a month for as long as that person continued giving him $10 a month, with no written agreements of any kind, would that be legal? Or just fall under the heading of 'a fool and his money'?


Asked on 6/04/08, 6:18 pm

1 Answer from Attorneys
James Grissom Law Office of James P. Grissom

Re: Internet opportunity

That is one of the purest examples of internet fraud I have ever seen. The solicitor has no way and could have no intention of Paying out $1,000/mo for anybody's lifetime - unless the recipient was on life support and the plug was pulled immediately.

Read more
Answered on 6/04/08, 6:25 pm


Related Questions & Answers

More Business Law questions and answers in Texas