Pimp 'N Ho culture must be here to stay: now there's an online Pimp N' Ho Ponzi scheme. At least so it appears. Warning: Do NOT, under any circumstances, get involved with this scam.

Takes me back. Mid-late 80s, Chicago. Good friends telling me, over Thai food, about this great new set-up they'd discovered. A game called "Airplane." It's so good, see, you have to pay $1,000 to join the club. But then.....you get to recruit other "passengers" on the airplane, and get a cut of their initiation fee. Before long, you're a pilot, making money off what your recruits bring in. Etc. Etc.

I blurted out, "Oh No, you've fallen for a classic Ponzi scheme." And my whole-earth, tree-lovin' vegetarian friends (OK, the wife actually) became very offended, and replied, "If you were a friend, you wouldn't say that."

Uh. Quite the opposite, actually. 'Course, these were the same folks who put down a few K for a piece of property right on the San Andreas fault line in one of those "48-hour deadline" pitches. Ah well, they've grown older and somewhat wiser. And our friendship has survived.

Posted by Matt Rosenberg at June 15, 2004 06:52 AM

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