I read about Coulomb World in a classifieds section of one of our newspapers. The company offers a job that allows you to work from home. This is something that a lot of job hunters look for. The flexibility of working at home plus a steady income at the end of the month is like the Holy Grail of jobs, so to speak.
Coulomb has its own website, and it claims that it is involved in BPO or Business Process Outsourcing. Basically they do outsourcing work like data entry etc. This seems harmful enough; however, after snooping around for more information, I learnt that you have to pay a deposit of RM1040! That is a lot of money just to get a data entry job. Furthermore they will pay a fixed amount of money i.e. RM600 every month regardless of the amount of jobs given. Needless to say alarm bells started ringing: Scam Alert!
This is obviously a Ponzi scheme. They are paying you money from other people’s deposits. Madoff ring a bell anyone? Asia Part Time has a post on scam data entry jobs, and some of its comments were about Coulomb. One of the commentators paid for “20 accounts” so that he could get a payment of RM12000 every month. I’m dumbfounded by this person’s gall. What kind of a job lets you have “20 accounts”? News my friends, that is not a job, it’s a Ponzi scheme, no doubt about it. I’m sure this person honestly believes in Coulomb, and that he can earn from it. I sure hope he gets back his money before it all turns turtle.
Coulomb looks pretty legit at first with ads in Jobstreet etc, but after hearing about the deposits and the fixed income, we all should know better. Like the old adage, if it sounds too good to be true, then most likely it is not true. Well, I do not want to be a bummer; I pray that all of you will find success in these hard times, and hopefully avoid any scams and frauds.