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YouTube A Breeding Ground For Ponzi Schemes

Google might be struggling to make money off YouTube, but pyramid schemers are apparently doing just fine. They’re doing so well, the Better Business Bureau has issued an alert warning of “little Bernie Madoffs” running all around the video site Call it user-generated scamming. . A search for “cash gifting” on YouTube brings back over 25,000 videos and, at the rate they were going last week, the videos have been viewed over 60 million times.