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Skybiz

 

Skybiz was an online business that spread to over two million websites and around two hundred countries. Skybizís main product was what they called WebPacks which they sold though an army of affiliates.

Skybiz operated like any down line multi level marketing network does. The people that they recruited needed to sell a certain amount of WebPacks before they could see a cent of their commission.

The reason that this review is in the past tense is because as of 2001 Skybiz has been permanently shutdown by the FTC on accounts of being a pyramid scheme.

The difference between an MLM and a Pyramid Scheme is that even though they use the same business model in an MLM an actual product is sold while a Pyramid Scheme only sells memberships into the Pyramid Scheme, which is essentially what Skybiz was doing.

Skybiz countered the attack saying that they in fact do provide a service in the form of their training and website. However the government stipulates that in addition to having a product or service for sale it needs to be something that a reasonable person would purchase without compensation. This is where Skybiz failed to prove it self, since the only reason people were buying into Skybiz was because they claimed you can make a profit.

There have been rumors of a Skybiz come back but Iím sure itís doubtful since there reputation is tarnished by the FTCís case. There have been some Skybiz spin off operations but these types of businesses usually come and go after they get their money or get shutdown.

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Customer Responses, Reviews, or Complaints for 'Skybiz'

 

Average Rating is 1.00 out of 5 based on 1 reviews.

Peter Tan   Singapore

11:06pm on March 14th, 2009 

Skybiz caused s stir in Singapore in the year 2000 with thousands of MLm networkers involved in the scam. A few top leaders like Serene Chea from the now defuncted 'Swisscash' scammed thousands into investing in Skybiz and then disappeared with their money. She did the same with 'Swisscash' and caused thousands to lose millions. The ironical thing is, with internet scam like Skybiz and Swisscash, the scammers never get caught.

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