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Originally Posted by webmeister
Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other.
Every time you put down Ibill, you are only hurting yourselves.
See you in Las Vegas everyone!
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Posted in this thread
http://www.gofuckyourself.com/showth...32#post8945832
The technical term is called The Ponzi scheme
The Ponzi scheme works on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors, and to maintain the lifestyle of the perpetrator, until the whole scheme collapses. Profits are never created because there is no underlying investment.
It is named after Carl Ponzi, the man who, in the 1920s, swindled thousands of New England investors using the method.
http://www.sec.gov/answers/ponzi.htm