Saturday, December 24, 2011

List of Corporate Scams

it's pretty surprising when you think how many commonly known companies have been around forever while practicing a business model based on outright deception, the only secret is not to get too greedy like Enron

like

Amway - scam poor desperate ignoramuses into thinking they are starting a 'business' by buying a garage full of motivational tapes and books from the scam artist

Sleep number mattresses - $3000 for a $300 air mattress

Quiznos sandwiches - though the scam here is to defraud the franchisee rather than the customer, with onerous operating rules and lockin contracts

Goldline - gold 'investing'

Hedge Funds - made-to-order out-of-the-box ready-to-wear  Ponzi scheme

Credit Card companies - free 0 percent come-ons with sneaky overlimit fees

Traffic Camera Photo Ticket companies - setting yellow light timing to guarantee high numbers of $500 photo tickets

Cell Phone Companies like Sprint - relying on overage charges listed in incomprehensible units like cents per kilobbyte equivalent to tens of thousands of dollars per gigabyte

Payday Lenders - interest rates of +400% APR


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