Is pathway 2 prosperity a scam?

Question

my friend told me about the retirment plan called pathway 2 prosperity , where you invest your money and it acumulates over a few months. she said she doubled it in 2 weeks. do you think this is a scam?

Answer 1

Sounds like a scam to me.

Answer 2

The comment about "a member to refer you" made by someone else raises a flag.  Is this one of those deals where you get paid for enrolling others and then get a piece of the action when they, in turn, enroll others?  A classic pyramid scheme?  There are no new cons under the sun, just new suckers.  Sit back and enjoy a good laugh, but don't put any money in.

Answer 3

It sounds like Ponzi scam.

Answer 4

Doubling your money in two weeks is definitely possible, but anyone who claims they can consistantly do it is lieing to you.

I have doubled or even quadrupled portions of my portfolio in the period of a few days, but never my whole portfolio. Why? The underlying stocks that went up significantly in price were only a small portion of my diversified portfolio. If I had put all my money in Bear Sterns at $3, I could have tripled my portfolio in a couple of days, but then again that kind of investing can cause you to lose your shirt.

I have never heard of pathway 2 prosperity, but I can tell you that promises of easy money are almost always untrue.

Answer 5

If you're lucky enough to find a member to refer you, there is at least a good chance you'll make money, at least in the short term.  Invest in the 60 day plan, withdraw your initial investment at the end, and reinvest what's left over and you're playing with house money.