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BlueHippo Scam Collected $15M, Only Shipped One PC

Posted by Soulskill on from the was-it-alienware dept.

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.'"

2 of 216 comments (clear)

  1. Childhood Memories by Anonymous Coward · · Score: -1, Offtopic

    Hungry hungry hippos!!! I loved that game!

  2. Re:Is this the free market? by Anonymous Coward · · Score: -1, Offtopic

    Verizon DOES NOT represent the free market. How many times do you fucktards have to be told this?

    Aside from that, this has nothing to do with the free market. No supporter of the free market would shrug off fraud as justifiable.