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For some reason the top origins of financial fraud per capita are Boca Raton, FL and Salt Lake City.
Utah is the home of multi-level marketing. Our laws are friendly and we don't care about business ethics.
This is a recording of our favorite scammer at work:
http://saltydroid.info/scamming-two-debbies/
Some of the low points:
All this for the low-low price of half of Debbie’s yearly income :: on credit cards :: which Chris suggests people on the “Success Team†call “investment cardsâ€. These are the bullet points Chris gives Debbie to write down regarding the ruinous price …
■tuition – it’s costs as much as college :: so pretend that’s what it is …
■one time – not really :: other Utah boiler rooms will be calling within the week demanding more money for still more fictitious services
■short-term — only if you plan to file for bankruptcy soonish :: otherwise a person on a $26K salary will basically never be able to pay off $10K at 10% compounding interest
■tax-deductible — um … what? sounds like bullshit … maybe Utah’s The Tax Club can help by billing $2500 more to Debbie’s card
■protected — from getting a refund by abusive practices and credit card company complicity
■change today! – for giggles … fuck you Chris … fuck you!
Chris then explains how it’s possible to make money on the Internet. Basically :: by ranking number one in Google for Netflix … or Nike.
I've told (part) of this story before... this Utah homegorwn internet scammer, Jeremy Johnson, is trying his hardest to stay out of jail. The latest is his attempt to bribe a public official (he thought he was bribing Harry Reid (D-NV) but there's no evidence that Reid's office was even aware). He met with a high official in the Attorney General's office, who introduced him to a payday loan company owner that told him he hook him up with Reid and Johnson could avoid jail time.
The deal unraveled; read it in all its glory.
http://www.sltrib.com/sltrib/money/55613471-79/johnson-ward-swallow-plea.html.csp
http://www.sltrib.com/sltrib/home3/55598812-200/johnson-swallow-rawle-attorney.html.csp