Wednesday, January 28, 2009

Plantinum Choice Shut Down

Old information but some possible insight on my previous post.

Februrary 14th, 2006. The MLM scheme was called Platinum Choice Inc.

According to the allegations,

"While the offer of online games and puzzles is certainly tantalizing, PCI's primary action was a lottery ticket pool. PCI claimed that it purchased lottery tickets and then would assign them to "qualifying associates in the form of bonuses."

Associates also earned money recruiting new associates and enrolling magazine subscribers who did not participate in the lottery pool. Magazine subscribers paid a $24.95 subscription fee every fourth week, plus an annual registration fee of $25.

Associates also earned an override on subscribers recruited by "downline associates." As well, for every magazine subscriber enrolled, associates received "pooled mega million lottery tickets, as a bonus."
Further sweetening the pot, PCI claimed to utilize a "sophisticated system that ranks groups and number combinations - increasing the odds of winning substantially."

To get in on the action, associates paid nothing for the first year. After one year they were required to pay a $50 annual registration fee and $19.95 every fourth week."

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