You bet its OLD!!!! I ran into the same concept back in the 1970's and I confess I bought it...Around 10 bucks I think...Looks like it is still working....The only worry now is refunds.
Lol, like the thread title says this is just about scamming people. Might as well rob some people on the street, I'm pretty sure you could get 50 a day too Sitting behind a desk is much easier though.
Ha! That's like the ads that used to run in print magazines. "Send $5.00 and learn how you can make $xx". Then you would receive instructions to run the same ad in other magazines and newspapers!
That's an example for a small kind of Ponzi Scheme. Other examples of Ponzi Schemes can be find here: http://www.youtube.com/watch?v=zRTPKcJGwe4 Sincerely, Yours Bernard Madoff
the only concern I would have is that people may report your account on paypal and you can get screwed. maybe someone could comment on what are possible risks for the paypal account used for this btw LOL, it's great method