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FIB - Scams 101 - Ye Olde Archives
Posted By: Anthony In Response To: Re: Classic money-shuffling game (Bill Carton - the Roadie)
Monday, 5 September 2005, at 9:00 a.m.
In Response To: Re: Classic money-shuffling game (Bill Carton - the Roadie)
wow! you realy know how to dig up the dirt! very impressive, and thanks for the response. The program says that all you do is mail postcards to find your people to join, without going to warm market. I really like that idea, however, there must be a finite number of bizz oppers getting offers in the mail every day. can't one build a business by just mailing the postcards and not talking to warm market people?
> I can't read it to make sure, but I've seen a hundred programs like this
> in ten years of tracking scammers. Typically, they offer some sort of info
> product since without any product at all, it's a pure pyramid even to the
> most gullible newbie. Offering a "report" that took somebody a
> few hours cut and paste time to assemble is a common ploy.
> The PDF explanation of the program on the site says the "Credit
> Secrets Bible" is 96 pages, and includes such gems as how to get free
> copies of your credit reports instead of paying $29.95 for them. By now
> EVERYBODY should know how to do this. No need to pay $300, 600, 900, or
> 1200 to buy 96 pages of obvious facts like this.
> So I have to say I indicted this program by circumstantial evidence but it
> smells like so many others.
> They have a 2-up compensation plan, meaning the new joiner's first two
> sales go to their sponsor. Many folks don't have the resources to find
> cold prospects without spamming, so all they can work is their warm
> market, and that poops out in 2-3 sales. So the newbie is never in the
> money, and they lose inteest and abandon the program.
> A little essay:
> The prototype high-priced product scam:
> The cash angle is only one of many red flags. Others I didn't even mention
> The domain was registered on June 6, 2005. Not much history here.
> The domain has a false phone number for the organizer, Eric Pantalone
> Unreasonable income claims, including "100% cheatproof, 100%
> legal". Programs that find it necssary to mention those items are
> usually neither.
> Running a search on the name "Eric Pantalone" shows the junk
> he's been involved in before. If any of those "make money fast"
> programs were really successful, there would be no reason for him to
> create his own. He'd just run the ones he's in. I conclude he discovered
> the big secret - nobody makes money participating in these programs
> compared to the organizers, so Eric decided to start his own.
> Plug "Eric Pantalone" into your favorite search engine, and get
> a list like this:
> One he's in twice:
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