|Received:||7/3/2006 1:17:18 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I've been scammed out of over 5000.00 dollars in total by a company called Prosperity Automated System, this company makes it sound like you sign on and they automatically help you earn 3000-9000 a month. After a few months I figured this out from all the recruiting calls and the deception that was being used, it was a pyramid scheme. I know for a fact over 80% of the members haven't made a cent. These types of scams need to be controlled some how and I believe full disclosure would be a good step in the right direction, but the penalty for a false disclosure must have some weight to it , or these people will just post a false number and go on about business. Disclosure is a good start, but compliance will need to monitored closely and violators need to be punished harshly. It's a good start as it's a wild west atmosphere and these people are busy grabbing as much money as they can.