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Zer01 Parent Strips Web Site Following Report

Posted by samzenpus on from the get-out-of-dodge dept.

alphadogg writes "Two days after a report cast doubt on Zer01 Mobile's business, its parent company has stripped its Web site down to only basic information. New details have also come to light suggesting a past connection between two of the involved companies, despite claims to the contrary. Earlier this week IDG News Service reported that it's unlikely that Zer01 could be technically able to offer the unlimited mobile voice and data service that it is advertising. The service, originally targeted for a July 1 launch, does not appear to be available yet. In addition, it's being marketed through a multilevel marketing program run by a company called Global Verge whose founder, Mark Petschel, in 2005 pleaded guilty to securities fraud. Petschel is currently on probation."

3 of 95 comments (clear)

  1. Buyer Beware by copiedright · · Score: 5, Interesting

    Wasn't this just another pyramid scheme?

    1. Re:Buyer Beware by hairyfeet · · Score: 3, Interesting

      Dude, they use multi-level marketing, which should just scream fraud to anybody with half a brain, not to mention the fact that owner got busted for pulling a similar scam already. I have a feeling we will be seeing a LOT more of these types of scams in the future, because the Rubs don't really understand squat about tech and thus makes it easier to sell BS. But anytime you see "multilevel marketing" you can be pretty damned sure it is a scam. I personally believe multilevel marketing should be banned as another type of pyramid scheme, because often that is exactly what it turns out to be.

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  2. Re:I have to wonder what goes through peoples mind by Binestar · · Score: 3, Interesting

    about 7 years back I was laid off looking for another job, had my resume on Monster and a couple of other resume sites and got an email saying they were opening a new office in my area and were holding interviews for someone to help run their network.

    What they didn't say is that it was an MLM selling insurance, and the network wasn't a computer network, but rather a network of people. I drove an hour and a half for an interview which was just these scumbags hawking their insurance MLM to a bunch of unemployed people (There were about 50 people in the room).

    As soon as I realized it was a pyramid scheme I said so in as many words and walked out. About 10 others followed.

    Pissed me off, wasted a tank of gas and 4 hours of time I could have been using with my family.

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