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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.'"

11 of 216 comments (clear)

  1. Re:Shocking! by lannocc · · Score: 5, Funny

    The fine print clearly stated

    Oxymoron

  2. if they shipped only one PC by Anonymous Coward · · Score: 2, Funny

    How did they get 35,000 people to agree over the choice of a Windows desktop theme?

  3. Even their logo was stolen by tepples · · Score: 2, Funny

    Compare BlueHippo's logo to Demby Wishingwell from Playskool's Weebles videos and toys. Is it coincidental?

  4. Re:Shocking! by Entropius · · Score: 5, Funny

    This is the first time that the Nyquist sampling theorem has had an application to legal bullshit, I think. Wow.

  5. The pitchman by __aapbzv4610 · · Score: 2, Funny

    Yeah, but who here cringed every single time he said the word labtop instead of laptop?

  6. Re:Winning gold at the scam olympics by JimboFBX · · Score: 5, Funny

    At least they used HTTPS.

  7. Re:Shocking! by michaelhood · · Score: 3, Funny

    The fine print clearly stated that you will not receive their computer printer/combo/etc. until after you mail off the last payment!

    So it's like social security?

  8. Should've answered with... by Anonymous Coward · · Score: 2, Funny

    They did not provide a company name in their greetings instead asking immediately for my first name.

    Should've told him your first name was "Detective" to see how he reacted.

  9. Re:Shocking! by iocat · · Score: 2, Funny

    Does this mean my server isn't coming?

    --

    Dude, I think I can see my house from here.

  10. Re:Why bother? by witherstaff · · Score: 5, Funny

    The problem with BlueHippo was they thought small. If they got too big to fail then everything would have been alright.

  11. Re:Shocking! by Sulphur · · Score: 2, Funny

    their site, http: //www. bluehippo .com/default.asp still works...

    To replace goatse.

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    Financial advice 60% off.