iJango is mentioned in a new article on ABC2News that apparently tries to clarify the difference between a Ponzi Scheme and a Pyramid scheme.The article does not identify iJango as either, however it does include a few pointed paragraphs discussing the company and BBB reports of consumer experiences, most notably an apparent uncertainty by consumers as to what the actual iJango product is...
"Now let’s look at another example. iJango located in Texas invites consumers to a local restaurant to hear about the wealth building opportunity which works like this: a consumer pays an upfront fee of $50 to join the program; is then encouraged to purchase a package program for $149.95 to increase likelihood of success and that package support requires $19.95 monthly fee. After this investment, the consumer will recruit other individuals to purchase the opportunity earning income on the commission of these recruits, and earn commission on revenue generated by Web site traffic and purchases through iJango Web site “portals”.
What do consumers say? Well, consumer experiences reported to BBB indicates they are uncertain as to what the actual product is (visit www.ijango.com and see what you think) and they have delayed availability or use of the iJango portals (the alleged source of the shared revenue!). iJango uses an alleged relationship with Yahoo, iTunes, Rhapsody and Google (see iJango Notices on website) but Rhapsody and Google confirmed with BBB they have no relationship with iJango."
Click below for the complete article.
