Lawn Chair Millionaire! ..Scam?

Lawn Chair Millionaire launched on 12/06/2007, and it's everywhere already! Lots of people are really excited about this one. Why wouldn't they be, if what they claim is true? That's a big IF. No sponsoring.. earn the day you join.. earn if you do nothing other than sign up and pay your monthly fee of 30.00. I signed up at the website to try to get some more information about what the site truly is about. I didn't join..yet.. because it costs $80.00 to join and 30.00 per month to remain a member. I don't know if I want to part with 80 of my hard-earned dollars just to test drive something, when I can't be sure it's not complete BS. According to the rather vague info at the site, they have one single moneyline. Everyone who joins after you is under you, and you get paid your share of the "Moneyline Pool" every day from the day you join. According to the site, my share on sign up would be about 73.00, which would almost cover my $80.00 investment, but then it has the amount broken up under the 73.00 into three months. So I don't know if I'd get the 73.00 today or broken up over the three months. They're not very forthcoming with a lot of details. I believe that it is broken up, based on what the ads say. It also says they guarantee you'll get paid for at least 60 days. So, what happens after the 60 days? if you don't have referrals of your own.. from this no referrals required system.. you won't be guaranteed payment every day any longer? This one smacks of a pyramid scheme to me. If you get in early, you'll make some money, but will it be able to sustain payments and will you continue to be able to grow and make money indefinitely..? My guess.. probably not. Unfortunately, it's so new that it's hard to get any kind of concrete information about what the "real deal" is with this program.

I did a little looking around online, to see if I could ferret out any more information about if anyone has been paid as promised or not, and I found one post on Yahoo Answers from a guy who said he got 19.00 his first day and expects to get that every day and more. Another guy who claims he signed up on day one, said he has tripled his initial investment already. Not too bad, if it's true, and if that is what everyone can expect who joins. I imagine he made that by recruiting a few people under him. I doubt that's how much he got just from the moneyline. They do offer a one month money back guarantee.. or so they claim. No idea, of course, how many hoops they make you jump through to get that refund, or if you'll ever see it, but you can always drop out if the money isn't rolling in as expected.

Here's what the ads say:

"The Moneyline Pool has YOU earning money the day you join, and for months after, whether you refer anyone to Lawn Chair Millionaire or not! No sales = No problem!!

The entire Group is working together in ONE single Moneyline. EVERYONE who joins after you is placed below you in your business! YES, If you join NOW and upgrade immediate, everyone who join after you from the globe will be placed under you!

The moment you LOCK IN your position in the Moneyline you LOCK IN your Moneyline Pool shares! Your first share is paid to you at midnight the day you join.

This golden opportunity costs you a one-time $49.99 set-up fee and $29.99 monthly fee.

Every time you sponsor a new member you earn a $20.00 Fast Start Bonus that gets allocated immediately when the sale is made.

You earn a $15.00 Referral Bonus each and every month that your personally-referred members stay active by maintaining their subscription to The Vault.

Earn by simply joining the Lawn Chair Millionaire Group!

This income is allocated to your commissions in the Administration Money Manager in three segments during the first 60 days of your active membership.

A selection of unique and proven ways that you can turn your Moneyline Pool commissions into small fortunes.

TAKE THIS SERIOUS.

This will be a great experience, if you take this serious and BEST is that you share it with others after you upgraded to maximize your earnings"

The other facet of this system is their "product". Yes, they do actually claim to have an actual product. It's called "The Vault" and, apparently, is filled with tons of amazing information you can use to make more money. Even if you can't recruit referrals to the Lawn Chair Millionaire program (LCM), you can use the products in the vault to earn money. I can't find any exact information about what sort of mind blowing information is in this vault, but one member said it's pretty much a bunch of crap. The stuff in there isn't free, most of it you have to pay more money for. I can't find any real details as to what exactly is in there or if there's anything at all worth paying 30.00 a month for access to. Your membership to "The Vault' is what they claim the membership fee is for. Odds are that "The Vault" is just a bunch of crap they had to throw in to keep the system "legit", but may or may not have any real value.

I will say one thing, they do go for the hard sell. Immediately after signing up, I got no less than 5 emails from LMC urging me to upgrade now!! to avoid losing my position and lowering my share of all the millions. It must be effective though, because one site claims they are having people signing up and upgrading at a rate of 400 people an hour! Maybe one more email and they woulda had me!

I'm going to keep my eye on this one for a few more days, and see what I can find out. If you're feeling adventurous and want to try it and see what happens, you can sign up at http://www.lawnchairmillionaire.com.

Suze Says.. Internet Money Guide