Canadian rogues come to Australia

[Garry H (Cut Nut)]

http://www.cdtforever.com/eclipse/cdt/resources/DTP/
A pyramid selling scheme it seems.
From IDEX
Australian Authorities Warn Against Diamond Pyramid Scheme

(September 26, '06, 5:53 Edahn Golan)

The Australian Department of Consumer Protection is warning against a pyramid trading scheme by a company called Canadian Diamond Traders (CDT). Participants are enticed by a promise of a cash payout and a diamond.

In the Internet promoted program people are invited to invest $100 and then recruit others to join. According to CDT’s web site, the “10 Steps of CDT's Diamond Trading Program”, after registration members pay for their “Diamond Deposit”, becoming an “independent Diamond Trader and begin to purchase diamonds at wholesale prices.” At this point they have the option of paying a $100 or $500 deposit towards the final purchase of diamonds. In return for these “small deposits” members are eligible to receive “colossal discounts on high quality diamonds”.

.....

According to ABC in Australia, Consumer protection commissioner Patrick Walker says participants risk being prosecuted if they become involved in the scheme. “At this stage, we aware of no-one ... who has actually ... participated. But we're very concerned. This is an attractive proposition. It's well designed, it's cleverly marketed - particularly with the lure of a diamond - and we think it could catch on,” he told ABC.

It is not understood how people from outside of the diamond industry will be able to sell diamonds without a working knowledge of diamonds. No details about the quality, color, weight or polishing of the diamonds is clearly available on the site.

Full article

 

[mdx]

Hi Gary

Had a look at the website.

I cannot believe any intelligent person could believe or be taken in by that garbage.

On the other hand they say there is a fool born every day.

These are not ordinary BSh-------ers these are delux ones


Johan

 

[Garry H (Cut Nut)]

My favorite saying Johan - commonsense is not common

 

[Paul-Antwerp]

In the past, England would send them directly down under. Now, they use a detour

 

[Garry H (Cut Nut)]

A tern that came about from shipping prisoners down under is POM

POM stands for Prisoner Of his Majesty - and is an Aussie euphenism


But we are not allowed to disparage the English at cricket matches as of yesterday.

Pommy bastards is now considered a racist statement.

http://www.cricmania.com/cricket/afpNews/index/user/us03/ref/060926093836.piinqz38.html
Pom is ok though.

 

[Larissa]

Actually, for the last 50 plus years it''s been Her Majesty, not His.

 

[Garry H (Cut Nut)]

I believe the first Queen Elizabeth was called a Prince as the term princess had not yet evolved.

 

[He Scores]

RE: I cannot believe any intelligent person could believe or be taken in by that garbage.
On the other hand they say there is a fool born every day.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

There are two key ingredients to a scam like this. One is the unscrupulous seller and the other is the greedy buyer.
Thanks Gary for pointing these guys out.

Bill Bray
Diamond Cutter

 

[Garry H (Cut Nut)]

my rather intelligent next door neighbour once applied to an advert to start a small business.

For a small investment he was sold (mail order) a wire coat hanger making machine and supplies.
He paid his money and the delivery of pliers, a board with 3 nails and a large spool of wire (cost less than 100th of what he paid) arrived by courier.
The vendor was sued by several people - but won tha case as he showed that he could indeed make xxx coat hangers per hour, and did indeed have a market for them.
My neighbour had not been looking for a way to make money by "work" - that was for him a 4 letter word.

 

[mdx]

Another look into the forum section indicates they are suppling their customers with irradiated small 0.24ct colored diamonds

johan