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BlueHippo Scam Collected $15M, Only Shipped One PC
An anonymous reader writes "Turns out that those BlueHippo commercials advertising financing for computers and other electronics for anybody, regardless of credit, were way more sleazy than you thought. The FTC is bringing this fraud down, but not too soon. 'According to the FTC, the company's brazen business model continued without interruption after the 2008 settlement. "In fact, in the year following entry of this Court's Stipulated Final Judgment and Order for a Permanent Injunction, BlueHippo financed — at most — a single computer to the over 35,000 consumers who placed orders for computers that could be financed during the period,' the FTC told a court (PDF) yesterday. In the meantime, the company took in a cool $15 million in payments from consumers, who don't appear to have received anything in return.'"
In other words, you believe that Madoff intended to spend the rest of his life in prison?
Are you really that stupid?
Contrary to the popular belief, there indeed is no God.
If you want to blame something blame the people who want to spend money they don't have to finance an item that can be had for around 300 bucks. I don't believe these targets were randomly chosen. They were chosen because they already indicate they don't know how to handle money.
There's a microcosm of your unregulated "free market" in action.
Now back to your corner and masturbating to Ayn Rand audio books.
Not only do I not know what "those BlueHippo commercials advertising financing for computers and other electronics for anybody, regardless of credit" are, I don't know why such would be "News for Nerds, Stuff That Matters".
WTF?
Anyone? Anyone?
Gosh, I'm SO happy I'm a Slashdot subscriber.
Not really.