David Rhodes Chain Letter Scheme
Pyramid schemes and chain letters
This is a 'remake' of similar chain letters under the names Edward L Green, David Stein and Paul Collins. This chain letter claims to be from David Rhodes and that you can turn $218 into $78,185 within 80 days.
You are requested to send money to 5 persons on a list, add your own name to position 5, delete the person in position 1 (everybody else moves up), make copies of the whole letter and forward the same instructions to 200 contacts. It estimates the cost of photocopying, stamps and envelopes plus the $10 sent to number 1 on the list to be $218 and claims you will receive $77,760, making a profit of $15,508.40 per hour.
Besides risking not receiving any money and being out of pocket over $200 for photocopying and postage plus your time, you also risk prosecution.
PLEASE NOTE: This letter is also going out under the names Paul Richmond, Mike Fitzgerald and Pat Griffin (click on the names to learn more).
Fight back. Click here.
Scams of a similar type include:
For more scams of this type and others, visit the full list of scams by type page.
