Have anyone heard of this paypal email where you send money and put yourself on a list. And is it legal?

You send money to the 1st and 4th person on the llist and then you delete them by pushing the others on the list up and add yourself to the list, but don't put yourself first. My biggest question is this legal. And have anyone tried and received money in their paypal account.
Have anyone heard of this paypal email where you send money and put yourself on a list. And is it legal?
Sounds a bit dodgy to me, however I do no transactions over the net so I have no experience here.
Reply:This is a classic pyramid scheme and all pyramids are illegal.





The reason you don't want to get into this is that it is always dependant on someone down stream from you wanting to play along. If they don't get other people to send money, then the leg ends and you loose. Since it takes three to four legs down before you have any chance of getting anything back, that's a lot of chances people will give up on the idea before you get any money at all. And if any one of them reports it, everyone at the top is in trouble. Plus, if Paypal finds out there service is being used this way, they will freeze the accounts too.





If you have money to throw away on something like this, invest in the stock market instead. At least there is a good chance your money will grow faster than in a savings account and you will be helping businesses hire more people, invent new products, and increase business in the United States. Try buyandhold.com for an inexpensive way to learn how to invest and prosper.
Reply:It sounds like a pyramid scheme which is illegal. Also Pay pal doesn't do that kind of stuff.
Reply:No. Paypal don't play that!!!
Reply:THE FIRST AND FOURTH PEOPLE WILL GET YOUR MONEY. YOU WILL BE SCREWED.





PAYPAL DOESN'T DO THAT.