• The First Pyramid Scheme for iPhone is 123Spoof

    You're familiar with 123Spoof from their April Fools giveaway here at MMi, and from being a way to prank your friends in general. With the 2.1 update (which will hit Cydia today), 123Spoof is now the first pyramid scheme (multi-level marketing) app for the iPhone. It was only a matter of time... oh, and yes, it IS legal.

    Here's how it works. You get an account with them, make at least one purchase ($10 is the minimum), and then create coupons straight from their app, which you either forward via email or text message. The coupon gives 10% off to your friends, and adds 10 credits to your own account each time its used. May, June, and July, the guys over at 123Spoof.com will run a report at the end of each month. If your coupon code is used 50 times within any month, you get $100, and if the code is used 100 times, you get a check for $250.

    Aw, hell, we'll give it a try (you know, for journalistic testing purposes). Use m6a1y325 to get 20% off your first purchase. We'll take any money that actually comes in and give it to a charity. RedCross could always use some help...

    Multi-level marketing is nothing new (remember AmWay? er Quixtar now? uh... PrePaid Legal?), but this is the first one I've seen using the iPhone as its vehicle. I'm sure there'll be a slew of them on their way... I bet if you've ever worked a cell phone kiosk, you've been over-run by those AmWay guys telling you they "see a lot of potential in you" heh.

    Of course, you can always use the service for free by checking out http://123spoof.com/free/mobile from your iPhone, without downloading anything.

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