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Jamparii - another scam?

Submitted by Kai on Fri, 2007-06-29 06:32.

I get many strange invitations in my email. Todays selection is from a that calls themselves Biztime Limited, based in the UK. They have a new Social Networking idea - called Jamparii. Sure we can use that (pun). Their plan is to let me make a profit as they become the next MySpace and Youtube. In other words, they want my money.

The invitation came by an Ecademy group. I quit Ecademy 18 month ago because back then I felt many users where only interested in MLM and promoting scams. Even though I have canceled my account, and no longer are available on Ecademy, they continue to send me emails from their forums. That is another post, I guess!

So back to Jamparii - they ask me to give them £1 000,- in exchange for a Founder Life Membership. And a potential revenue share:

Our strategy is to create a small group of just 250 Founder Life Members, who will be the centre pillars of Jamparii and will benefit both as life members but also financially as shareholders. We already have a number in place but there are still plenty of places left. Your investment will be under £1,000 and you will have the opportunity to earn and win more shares during the first year or so.

 

So - I will win more shares during the first year or so. Sounds like the MLM game that took Europe by storm a few years back - you played around with virtual stocks, and made a profit based upon how many people you recruited. World Game Inc. it was called, before it was called a bluff.  

Further fuel to my presumption is the fact that 3 750 Founder members are also invited. So - we have Founder Life members who will win shares, and Founder members who pay to enter. Then add regular, paying members - they will provide the profit up the lane. Or so it may sound.

They start their story like this:

When we hear of the huge sums of money that are being paid for these web platforms do you wish that you had thought them up or had a stake in them?

Well here is an opportunity for you to do just that! - Read on and see for yourself!

 

I am sorry. If I had such an idea, last thing I would do is to tell everyone. I would have people use it. Not try to sell it like a scam.

Thus, I suggest Jamparii is a scam, and time will show who is right. I will have to appologize if they actually end up like MySpace or Youtube - walking away with a huge lump of money.

Yes, what happened

I will have to get Jim to talk, it seems...

One year on - what happened?

Jim Why Do You Need So Much Money?????

Jim, Your site does not ring true with me either. I am concerned about the offer you are making. I have built a similar technology to the one you propose and I can tell you it does not cost the 10's of Millions you plan to raise to build. A year ago when I had nothing as you do now there was no interest from investors. And your intelligent enough to know that with out even a prototype investors would want too big a share. Now I have the interest of investors. That is now THAT I HAVE A PRODUCT AND A PROPOSITION THAT IS MORE TANGIBLE THAN JUST AN IDEA and there is a clear investment proposition I have offers on the table of over £1 Million in investment. You should do this the right way and go through the pain of building this your self and investing your own money. If you believe in your ideas and want others to invest the first thing they will want to know is how much will you risk. Your site is full of dodgy clip art and reeks of a 2nd class ecademy. Your site looks like web 0 to me. This worries me even further. Your claim that you will be another myspace and you will all become rich is insane. Bold words with no basis in reality. Look how long ecademy have been in business are they being bought for billions or even millions the answe is NO THEY ARE NOT. TELL ME WHY ARE YOU SO SPECIAL AND WHY IS YOU IDEA SO UNIQUE THAT YOU WILL BE THE NEXT SUPER SITE?????

Thanks for clarification

Jim, thank you for taking the time to explain your view. My views may certainly be colored by the fact that I am working in a paranoid industry. As much as I understand and respect your point of view, the way you promoted this investment opportunity made it look like a scam to me. K

Your Post

Hi Kai, Thanks for your post regarding Jamparii, of which I am the founder. You may believe it is a scam but I can assure you it is no such thing. The reason we have taken this approach is that our potential large investors wanted such a huge chunk of the equity and also the right to sell to a third party (like MySpace / YouTube did) etc if they desire. I don't want that to happen, as I want this platform to provide a service to the niche interest groups that won't be sold out under them. This is not MLM - it's a simple low level investment that will earn the investor a return from profits, plus benefiting by introducing new members using a simple two level affiliate program. I'm sorry you feel the way you do but even sorrier that the world has become so cynical about anything new that is tried. I trust that time will prove that new things can happen, and be successful. Regards Jim

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The blogger is Kai Roer, a European Information security professional.

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