Quick Answer: Twitter cash schemes promising $10,000 monthly income are pyramid scams that charge $47 monthly fees after a $1.95 “starter kit” bait. Participants create fake newspaper websites to recruit others for $47 commissions, but these fraudulent sites disappear within weeks.
A popular one right now? One web site is designed to look like a newspaper front page, with the logos of real newspapers and TV networks. The person featured has a rags to riches story…college dropout now making $10,000 a month working from home.
All you have to do is order a twitter cash starter kit for $1.95, but that’s how they get your credit card info and then later charge you a monthly fee of $47.
But wait, there’s more. By signing up for the program you get to create your own fake newspaper site to recruit others. For each new victim, you get $47 bucks…a pyramid scheme.
Every weekday I read the enforcement actions, filings and fine print the outlets skip, and turn them into the one or two moves that actually improve your position — a rate worth moving for, a fee you can refuse, a deadline to beat before it costs you.
In the latest issue (Oct 6): When fear picks your debt plan
I write Your Money Actually most weekdays — actionable money information you will not find anywhere else, and the small decisions that compound. It is free, I sell nothing, and I take no money from any company I write about.
“First thing you should ask yourself is how someone could make ten thousand dollars a month from home. Usually, it is impossible. It cannot be done unless it is a scam,” said John Hinkle, Internet Fraud Attorney.
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A scam that’s hard to fight, because these sites that promise fast cash for little work can disappear in just a few days or weeks.
Before You Sign Anything: Run any debt relief contract through the free Contract Decoder to spot hidden fees and unfair terms. Check the company’s complaint history with the Scam-O-Meter.
Compare Your Real Options: Most debt relief companies won’t tell you about all your options — especially the ones they can’t profit from. Credit counseling has a 21-27% completion rate. Settlement resolves about 1% of enrolled debts fully. Bankruptcy has a 95% discharge rate — and protects your retirement. Take the Find Your Path quiz for a recommendation based on your actual numbers.
