Friday, May 18, 2012

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Ponzi Schemes in the White House

by elkid

do NOT fall for this -

Back in 1990 I was 22 years old, doing shift work in the White House.

No, I’m not kidding! I was a kid wonder doing communication work for the National Security Council working in the Situation Room of the White House. There were times I worked my butt off – and there were times those 12 hour shifts were long and boring.

I watched a LOT of CNN. I was also a big fan of 90210 … yeah, you didn’t see that coming did you. Come on – I was 22!

Well, I also watched a lot of infomercials at 2AM.

One of those infomercials was for an information product that detailed how to make big money by finding people who . . . wait for it . . . Were owed money!

That’s right, you find people with a big check sitting on someone else’s desk and you help them get their money!

Sounds amazing.

Well I bought the info product. And then I had to buy the lists of people owed money. And then I called people on those lists. And were they happy to hear from me?

Hell no!?

Most of the numbers I had were bad. I found a person or two who’d already claimed their money two years ago.

Essentially I had a telemarketing job for myself hunting down people who either didn’t exist or who collected their money long ago.

Maybe things have changed. Maybe this would have worked better if I’d had the Internet, or could pass it all on to someone in the Philippines at $300 per month.

But really?! Of all the shams I ever fell for this was there with that ponzi scheme I tried where I mailed 5 people money, bought a mailing list, mailed out a hundred or so letters and never got anything back in return.

So . . . it’s absolutely stunning me to see someone out there, right now, selling this “help people claim their cash” scheme.

I don’t know – maybe it was just me and this is a totally revised, killer system making money for people. But I know what I know and what I know is . . .

My advice: take a pass!

All the best to you – X

{ 1 comment… read it below or add one }

1 Asoka Selvarajah 02/22/2012 at 5:02 AM

You may find this hard to believe…

But I have a friend who is doing this VERY business! And apparently, he DOES make money at it.

He’s in the judgment collection business, i.e. collecting on people who never paid their lawyers. And now he’s moving onto dentists as well.

It involves calling up hundreds of lawyers and then following up with those who express an interest in his service, and taking a commission on any collections he does successfully make.

Apparently though, he IS making money at it.

Apart from calling up lawyers cold, he also has started buying up these judgments from some agency that apparently resells them to forms like his.

So, I find this post interesting, because somebody is apparently making this work.

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