Better Business Bureau Warns about Possible Pyramid Scheme
- By Staff Writer
- Published 08/23/2009
- Economics
- Unrated
AUSTIN- Better Business Bureau serving Central, Coastal and Southwest Texas warns consumers about a local company making big promises. BBB investigations indicate the company may be an illegal pyramid scheme.
Austin-based iJango has received hundreds of inquiries from consumers nationwide over the past two weeks.
Because of this increase in traffic, BBB met with iJango’s CEO, Rayner Smith, to clarify the nature of their business practices. Mr. Smith and his staff indicated they offer a business opportunity.
However, he indicated that potential clients are paid for the recruitment of registered customers and the recruitment of others to do the same, a clear sign of a pyramid scheme. BBB recommends consumers exercise extreme caution when evaluating any business opportunity.
For more information on pyramid schemes and to check the reliability of any company, visit www.bbb.org.
Austin-based iJango has received hundreds of inquiries from consumers nationwide over the past two weeks.
Because of this increase in traffic, BBB met with iJango’s CEO, Rayner Smith, to clarify the nature of their business practices. Mr. Smith and his staff indicated they offer a business opportunity.
However, he indicated that potential clients are paid for the recruitment of registered customers and the recruitment of others to do the same, a clear sign of a pyramid scheme. BBB recommends consumers exercise extreme caution when evaluating any business opportunity.
For more information on pyramid schemes and to check the reliability of any company, visit www.bbb.org.