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BBB report the 10 biggest scams of 2009 (look at #1)

Discussion in 'BlackHat Lounge' started by GreenGoblin, Jan 4, 2010.

  1. GreenGoblin

    GreenGoblin BANNED BANNED

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    WOW damn! look at number 1, 5, 6, and 8

    http://ct.bbb.org/article/better-business-bureau-identifies-top-10-scams-of-2009-14282
     
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  2. Grandslam

    Grandslam Senior Member

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    Yeah, we're kind of a big deal. :p

    Victims? What rubbish. If you were stupid enough to fall for those, I don't how you've gotten this far in life. I mean give me a BREAK!

    BTW, you can add #2 to that list of yours. :lmao:
     
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  3. flightrisk

    flightrisk Junior Member

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    5 looks familiar
     
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  4. poisonsembrace

    poisonsembrace Registered Member

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    Ha, i fucking knew it before even opening the page that, number 1 would be free trials. That sales technique is fucking huge here in Australia atm in regards to fitness equipment being advertised on TV. Must be making the advertising companies huge amounts of cash. I love TVSN!
     
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  5. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    there's another huge scam going, but it's not aimed at the general public. rather it's targeted to people in the finance trade. the idea is you buy lawsuit settlements at huge discounts and when they close in 3-8 months, you keep the difference.

    these guys are hitting on everybody in the finance trade, they hit me up 6 months ago and they've hit on all of my business partners. They send you an email and then they send you a pdf booklet that describes what they are doing.

    one of my business partners said that it's just a matter of time before the attorney general comes down on this little caper and people start gong to jail, due in part to the large amounts of money that are being taken from the people who won the lawsuits.

    this is the email they send out, the contact uses a gmail account! that's a give-away right there. :D i'm also attaching the pdf file they send you...

    this thing has got 'scam' written all over it in big red neon letters, and some people are buying into it and taking the huge profits. this is the kind of thing that can come back to haunt you years down the road.

    we're talking about people being bilked out of *millions and millions* of dollars here, kids. don't tell me the government won't be coming after these jokers...


    Discounted Settlement Overview

    We are looking for investors that would be interested in purchasing
    discounted, out of litigation settlements. Our investment product has
    been around for over eight years and over 1.5 billion dollars in contracts
    have been purchased. The law firm that deals with this program has a 100%
    success rate.

    What is unique about our product is the relatively short term, 3 to 10
    months and ROI range from 30 to 100% annually, in addition, the funds
    for repayment are already in escrow prior to the funds being sent for the
    purchase of the discounted settlement.

    Investments are also paid out monthly which does not tie your capital up
    offering an even greater potential to achieve a greater ROI. You are not limited
    to the number of settlements that you can purchase.

    Our product is not offered to the general public and is primarily sold
    to Hedge Funds, Investment firms, and companies such as yours. Due to a
    large increase in volume with approx. 500 mm in settlements anticipated to be
    offered for purchase in the next 12 months we are looking to expand our
    book of purchasers to handle the increased volume.

    They get sold very quickly to the current buyers that are registered. There is no
    obligation to buy once you have become a buyer. Once registered you will be issued,
    weekly or bi-weekly, the new settlements that are available for purchase.

    Every settlement chart weekly or bi-weekly will include the term, ROI, value,
    and purchase price (see attachment for information and settlement chart).

    Upon completing our confidentiality disclosure documents and NDA we will
    register you as a buyer and allow you as the investor to have access to
    all relevant due diligence that is needed to probe our law firm.

    If you have questions please contact me, due to the limited number of
    settlements and large number of interested buyers, it is important to
    register your firm as a buyer if you have interest.

    Regards,
    Account Executive
    Commercial Financial Services
     
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  6. brainpower

    brainpower Junior Member

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    looks like they missed a couple!
     
  7. Grandslam

    Grandslam Senior Member

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    I think what they're calling a "scam" is the fact that many of these free trials give a bogus "call 1800 xxx xxxx to cancel" number in their TOS. People would call to cancel and would either get indefinite ringing or would get to a real person who said they would "cancel" their order immediately, but then the next month they'd learn that the phone person lied through their teeth, leaving them with yet another $87.13 charge on their Visa statement.

    I do agree that its the user's fault for not reading the fine print, but if the number they give you to call to cancel is bullshit, that's pretty dodgy.
     
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  8. gbmack

    gbmack Power Member

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    In my opinion all free trial offers are "scams" simply because they deceive so many people. I feel for the older folks who are quite "new" to the internet, and of course they would get fooled by the free trial offers. I'd rather live in a world with no deceptive marketing, but of course that will never happen so I just decide to take part in it because it is rewarding and isn't as bad as other huge money-makers like crack, weed, human trafficking, prostitution, extortion, CC fraud, etc.

    In the end, free trial offers serve no good purpose in this world but money money money.
     
  9. GreenGoblin

    GreenGoblin BANNED BANNED

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    yeah, i kinda agree with this statement, i mean if your so legit there's no need to have a fine print, what's the point of making the print small..its because the average person is not gonna read it and they know it, of course we can argue back and fourth well its this and that persons fault for not reading it. But lets be honest..the reason they make it small is because they have something to hide.
     
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  10. TheNinja

    TheNinja Registered Member

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    I swear man, in the U.S. there is simply no fucking accountability for your actions anymore. It's always somebody else's fault. "Oh, poor me, I didn't read the fucking TOS so I 'have' to pay $49.95 a month after a clearly stated trial period, even though it clearly stated that in the TOS".

    Then, some useless organization like the BBB makes it out to be a scam. What a bunch of fucking bullshit. If the TOS wasn't there, then okay, maybe it's scam-ish. If it's there and you're too stupid or lazy to read it, but don't mind whipping out your credit card, then tough fucking shit. Cancel ASAP and learn how to read.

    ANY credit card company would turn your request down for a refund if you signed up and wanted your money back, when the TOS was right there in front of you. I know, because I have had people in the past request refunds, and all they ever got was a :violin: from the cc company and a big :fing02: from me.
     
  11. GreenGoblin

    GreenGoblin BANNED BANNED

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    request refunds? if u talking about paypal they have there own policy however, once a user files a chargeback and the bank snatches the money from paypal....its a wrap u wont win.
     
  12. TheNinja

    TheNinja Registered Member

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    Talking about straight up cc purchases. I have never had one give a refund when the customer was trying to violate TOS.
     
  13. liquidrage

    liquidrage Junior Member

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    Anyone that falls for #4 deserves it. You have to be a dumb ass to think you won a lottery from a country you have never been to (let alone bought a lottery ticket in) and the only reason to even try to get the winnings is because GREED over rides common sence in some people...But if it made it to #4 I guess Greed over rides a lot more people then I had imagined.
     
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  14. JuicyBlack

    JuicyBlack Regular Member

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    Anyone has the list? it seems they moved it or something...
     
  15. turbophile

    turbophile BANNED BANNED

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    .hope it still works.