GMI ( Gold Mine International) - Legit or just another way to rob the already poor?

[lilsouljah]

Hey guys,
So i was invited to this GMI meeting/presentation by some of my friends.
Heard alot about it, but cant seem to find any legit source of info. And there's nothing more legit than the awesome PG community. So is it true? Can you really make some solid green by this 'network marketing', as they like to call it.
Anyone got any good info about this? Would be the very enlightening to know.
cheers

 

[EvilGenius]

If it matters to you.

This scheme a.k.a Pyramid Scheme or Multi Level Marketing (MLM) are both Haram is Islam.

Yes people do make money but again.. read what i just said.

Google for MLM and Islam or Pyramid Scheme in Islam if you want references

 

[krazyhamad420]

Yup its legit .. but as Evil Genesis said ..
One of my cousin have done this work . he start it by giving 6000rs and he got a watch which he sell for only 200rs in market ,... uss ne 6000rs puray kar k ye kam chor diya ...!!

One year ago my class CR also invited me to their Presentation...

 

[Azaudin]

They look kinda legit, but as Evil G said. Their method of paying is haraam.
They give a 18 carrot watch when you sign up with them.

Spoiler: show

They are registered with the SECP

Spoiler: show

Here is a GMI pay check photo I saw, don't know whether it's real or not.

Spoiler: show

 

[EvilGenius]

The system is no doubt legit

But its Haram in Islam, thats all there is to it.

 

[krazyhamad420]

@ Azaudin that watch is not 18 carrot .. its china ki sasti wali watch ... 200 rs ki pathan bech rai hotay hain market main .. aur agr bargaining karo to 200 se bhi kam ki day daite hain
And this work in nothing its totally crap ....!!!

 

[Atomic Runner]

http://www.pakgamers.com/forums/f3/goldmine-international-scam-pakistan-gmi-49577/

 

[theundead]

beware its a ponzi scheme slightly modified by addition of the "gold" watch
bhi kis dunya main 6000 ki 18karat gold watch milti hai? they r selling u a watch that u do not need on a cost that is way above the true market value, for an opportunity to sell the same crap to ur friends/family/relatives & put them in a similar situation & so on...

jahan tak legit honay ki bat hai, to pak main sub kuch legal hai. in slightly more civilized countries like the us, such a business is declared fraudulent by the law

according to wikipedia, the characteristic of a ponzi scheme is

the "return" to the initial investors is paid out of the investments of new entrants, and not out of profits.

Wikipedia

 

[haroonshaikh]

its legit. my friend bought a bike after 1 year... but he left it cuz he cudnt give it time

 

[BaqarNaqvi]

This all is bullshit .....
EMI GMI .... mairay pass bhi aye din msg aay rehtay hai yaha presentaion hai ajao ...

Abay bhai ... internet hai .... bohat tariqay hai kamanay kay

 

[syedfarazahmed]

just another way to rob the poor. its been discoursed here previously as well.and i have seen their drama live... the guy says after taking the starting amount that is around 6k that don't go for the watch because is uselss even mobile phones have clock etc etc save the money in the gmi account and after you get enough members you can buy gold coin some gold pen etc shit

 

[Zeus MK]

ahaha..
GMI=GMD (if u've heard the old hilarious song that is)
3 years ago my cousin (when taking part).. yar GMI yeh GMI woh
now(after taking part).. chor yar (bat kato)

leave it kid, just another way to waste time and $$

 

[UmairS1]

GMI and GMD is as 100% legitimate as NIGERIAN BANK...

IM GUARANTEED 100 MILLION USD to help Mr. Akeli Mumbatu transfer this money.
He just needed 500 USD deposit... to clear customs.

im still waiting to recieve 100 MILL USD BUT I TRUST IT WILL COME SOON :looking:

THEN I WILL INVEST IT IN GMI.


SOON THEY GONNA CALL ME......... UMAIR GATES.

 

[BaqarNaqvi]

GMI and GMD is as 100% legitimate as NIGERIAN BANK...

IM GUARANTEED 100 MILLION USD to help Mr. Akeli Mumbatu transfer this money.
He just needed 500 USD deposit... to clear customs.

im still waiting to recieve 100 MILL USD BUT I TRUST IT WILL COME SOON :looking:

THEN I WILL INVEST IT IN GMI.


SOON THEY GONNA CALL ME......... UMAIR GATES.

ye sub funterbazia mairay sath bhi hue hai .... aisa nahi hota .. nigerian bank say bank of africa say ... ghana bank etc
some scam hai

 

[UmairS1]

ye sub funterbazia mairay sath bhi hue hai .... aisa nahi hota .. nigerian bank say bank of africa say ... ghana bank etc
some scam hai

it was sarcasm....

 

[ahmednawaz2009]

beware its a ponzi scheme slightly modified by addition of the "gold" watch
bhi kis dunya main 6000 ki 18karat gold watch milti hai? they r selling u a watch that u do not need on a cost that is way above the true market value, for an opportunity to sell the same crap to ur friends/family/relatives & put them in a similar situation & so on...

jahan tak legit honay ki bat hai, to pak main sub kuch legal hai. in slightly more civilized countries like the us, such a business is declared fraudulent by the law

according to wikipedia, the characteristic of a ponzi scheme is

Wikipedia

he is totally right it is modified ponzi scheme search in wikipedia and you will get it... and yeah it is haram so stay away from this.

 

[AbdulAhad]

well about 4 yrs back i went to one presentation,,, adnd lolz,, i was shoked to see that profesional trying evryone to get into his scheme.. and saying i have 5 ferari;s in dubai.. and bla bla.. also showed his acount having milions and bla bla... lolz.... a few of my friends went for it... shuru mein to bht chill tha but that woh 6000 wapis aney mein un ke waat lag gaye... they all quit after this,,,, coz its tuff to convince ppl to invest in all this shit.,...
plus use ur mind in some beter constructiv thing...
im surprised to see its still around.....

We have grown upp now, its time for you teenagers to start thinking..

 

[iNF3RN0]

Google for it, it's a scam