Is google profusion a scam? You bet it is!

This latest scam attempts to victimize hapless suckers who haven't realized two important things: 1)if it is too good to be true, then it probably is. and 2) there is no such thing as a free lunch.

Curiously enough, this ad pointing to the scam site came from facebook!

The bogus site comes on to you as a mother who had debt problems and suddenly turned her life around just by buying an internet marketing kit worth $3.88, namedropping google as its get rich quick legitimate vehicle.  Read more... (429 words, 2 images, estimated 1:43 mins reading time)

Accused Ponzi Scammer R. Allen Stanford says SEC destroyed business

R. Allen Stanford, the Texas billionaire accused of masterminding an $8-billion Ponzi scheme, said “I’m not a damn swindler” in an interview in Houston.  Stanford, 59, was sued along with two associates and three of his companies by the US Securities and Exchange Commission on February 17. Regulators accused them of running a “massive ongoing fraud” involving high-yield certificates of deposit through Antigua-based Stanford International Bank.

“The SEC far overreached and basically ruined a multibillion-dollar company,” Stanford said in the interview in the office of his criminal-defense lawyer, Dick DeGuerin on Monday. “Everybody got paid and everybody got made whole until the SEC came in and shut everything down.”  Read more... (972 words, 1 image, estimated 3:53 mins reading time)

Scams posing as charities

The Bernie Madoff scam proves that any scam or Ponzi scheme is built on trust. People can't ask too many questions.  Madoff passed that test long ago. At the exclusive Palm Beach Country Club – founded by Jews in the 1950s, when the other clubs in town were restricted – he proved himself a person of character by giving hundreds of thousands of dollars to charity each year, a substantial portion of it to Jewish causes.

Madoff enhanced his reputation by showing that since he donates heavily into charities, he must be credible and thus everyone put more money in his fund.

Other more popular types of scams posing as charities thrive from direct solicitations appealing on your pity.  Read more... (1923 words, estimated 7:42 mins reading time)