Awatmath.1788 net.misc utzoo!decvax!watmath!rrwilliams Thu Feb 18 14:11:06 1982 Re: This is not a chain letter Did I understand this scam correctly? According to the news item, you spend $25 to buy the bond and letter. Then you spend $100 on two $50 bonds, and sell them and a letter, bringing in 2x$25. How does that make you even, until bonds start coming in to you??