DailyDirt: Scams To Get Rich Quick
from the urls-we-dig-up dept
There are all kinds of ways to make a little bit of extra cash -- and some methods are more unsavory than others. Maybe you think you can convince a bunch of people to join your new multi-level marketing scheme. Or maybe you think you've outsmarted an insurance company with your own (better!) actuarial formula. Here are a few stories on the topic of making some easy money, as long as you don't mind being a bit of a sleazeball.- Dmitry Argarkov didn't like the terms and conditions in a letter offering him a new credit card, so he modified the agreement, signed it, sent it back to the bank, and the bank accepted it and sent Argarkov a new credit card. According to Argarkov's terms, that card had a 0% interest rate, no fees and no limit -- and obviously there are pending lawsuits over this agreement. [url]
- An extortion scheme that seems to work: step 1 -- publish public domain mugshots, step 2 -- ask for money to stop publishing aforementioned mugshots, step 3 -- profit. States like Florida seem to make it pretty easy to obtain mugshots... (so don't get arrested in Florida!) [url]
- Billionaire oilman T. Boone Pickens and 27 other wealthy individuals already had enough money to live comfortably, but rich people live longer than the average Joe -- and taking out a life insurance policy could be an interesting way to finance a significant endowment to Oklahoma State University. The 'Gift of a Lifetime' plan fell through, but Pickens is rich enough that he's covering the financial hit for the university. [url]
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Filed Under: credit card, endowment, extortion, fraud, gift of a lifetime, life insurance, money, mugshots, oklahoma state university, plot, public domain, rich, scams, scheme, t boone pickens
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Surely NO ONE saw this coming after electing a governor who's medical company got the US's largest ever fine for Medicare fraud!
A real shame that there's no civil mugshots of him for his civil law breaking, then maybe he'd feel differently about mugshots on the web.
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This is what happens when you let people who are too old to remember what they had for breakfast vote.
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Man alters credit card contract
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Re: Man alters credit card contract
If you want to see the "read the fine print" scam by banks writ large, just read some of the stories at nakedcapitalism.com about the mortgage scandal. Banks paid a billion dollar fine because they had 100X that amount invested in mortgages for which they did not have the paperwork to even establish who owns the property. So, they just typed up whatever they damn well pleased and expected the courts to enforce them. Often, they weren't even the party holding the mortgage, but they still foreclosed. Tens of thousands of times. Part of the fine is that they get to keep it out of the media.
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Re: Man alters credit card contract
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Moreover, the guy intentionally failed to pay his minimal payment, so the bank took him to court, and the court has confirmed that that contract was legal and binding. And after then, the guy sued the bank for the one-sided contract modifications (he cleverly inserted "in case of one-sided modification, the party making one pays the other party $million per modification"), and the previous court *confirmed* that the contract is legal and binding, so the bank has its back against the wall now: they cannot claim the contract is fraudulent because it has already been tested in the court and stood.
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one word
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Boone Pickens??
Boom boom, thank you, you've been a fabulous audience, I'm here all week :-)
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hello
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To get rich quickly
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