Author Topic: PSA: Don't swipe recklessly for others  (Read 230773 times)

Offline AJK

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Re: PSA: Don't swipe recklessly for others
« Reply #2595 on: February 25, 2019, 06:02:14 PM »
I'm pretty sure 120% is a good enough return to handle any risk in the world.

Uhm, no.  Assume your life savings was $100,000.

Would you risk $100,000 on a coin flip to earn $120,000? You would not, and even if you would, what about 0.2:1.2?  Or 0.1:1.2?
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Offline gubevo18

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Re: PSA: Don't swipe recklessly for others
« Reply #2596 on: February 25, 2019, 06:15:11 PM »
Too hard to verify and I'm sure cronies will slip in.
Just start a new thread for victims?
but then it will turn into the latest hock thread again with everyone in shul talking about it. Victims will then be unlikely to post.
If victims are considering going to court it might be best not to discuss it openly (even in a dedicated closed forum)
perhaps. Don’t know about this.

Offline ual902

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Re: PSA: Don't swipe recklessly for others
« Reply #2597 on: February 25, 2019, 06:26:42 PM »
If victims are considering going to court it might be best not to discuss it openly (even in a dedicated closed forum)

Start a victims DO.

Offline Miami

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Re: PSA: Don't swipe recklessly for others
« Reply #2598 on: February 25, 2019, 06:40:20 PM »
There seems to be a bigger picture that people are missing out on here about buying groups.

Buying groups are not a legitimate business. They are using workarounds to game the system. The manufacturer or retailer does not want to sell the merchandise wholesale or in bulk to unauthorized distributors, so they crowdsource by asking individuals to buy and deliver them.

Everyone knows by now that the manufacturers and retailers are well aware of this scheme. Google once suspended hundreds of Gmail accounts because of the Pixel buying group (you can thank Dan for getting them to reinstate those accounts). Best Buy, Target and others have blacklisted many buyers. It's not illegal, but it's still not legitimate. (Some have mentioned importing these items to other countries without paying import taxes/tariffs, that is indeed illegal)

To put this in perspective, imagine I said that I had a fleet of taxis in NYC making a ton of money but I don't have a taxi medallion from the city, or I said I owned a hot-dog stand in NYC making a ton of money without a permit. Would you invest $100,000 with me?

Investing large sums of money is risky even when investing in legitimate businesses, how much more so with illegitimate businesses.

Is it less risky than swiping for a merchant? certainly. But consider this: Swiping for a merchant is like jumping off a 100ft building and hoping to survive. Buying for a group is like jumping off a 30ft building and hoping to survive.
So by taxis in NYC without medallions you mean like Uber?

Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #2599 on: February 25, 2019, 06:42:23 PM »
So by taxis in NYC without medallions you mean like Uber?
https://www.quora.com/How-does-Uber-overcome-taxi-medallion-regulations

Either way, that doesn’t change the point.

Offline yosefchaim

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Re: PSA: Don't swipe recklessly for others
« Reply #2600 on: February 25, 2019, 06:42:52 PM »
Might I suggest that Dan make a special private forum similar to the Antarctica forum or.      , etc. for all those unfortunate to have been caught up in any of these scams. (I BH have not been nor do I plan on giving out my CC. Ever.)
I'm sure lots of people feel completely lost and are going with their knee jerk emotional reaction or no reaction at all.

Figuring this out together as a group would probably be very beneficial as well as the support that they can give/receive from one another. Also, there will be no cronies trolling the thread- obviously if you figure out a way to make sure only those who were really affected get in...

I would have a hard time understanding why someone would lie or make up a new username just to gain access to such a thread.. but then again, some of the comments posted here had me scratching my head..

Just trying to help as i can't imagine what these people are going thru.

Thoughts anyone??
One guy texted me today if "I know any professional CC disputer"

Offline LoLo

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Re: PSA: Don't swipe recklessly for others
« Reply #2601 on: February 25, 2019, 06:43:57 PM »
There are such companies, but they generally take a 30% cut.

Offline Naftuli19

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Re: PSA: Don't swipe recklessly for others
« Reply #2602 on: February 25, 2019, 06:49:59 PM »
One guy texted me today if "I know any professional CC disputer"
PM me
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Offline SBS

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Re: PSA: Don't swipe recklessly for others
« Reply #2603 on: February 25, 2019, 06:58:03 PM »
There are such companies, but they generally take a 30% cut.

I don't know if they still exist, but I used 7-8 years ago "Angels of Debt" Norman Ballassiano. Not sure what their status is. They took a cut from the money the saved me.
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Offline yosefchaim

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Re: PSA: Don't swipe recklessly for others
« Reply #2604 on: February 25, 2019, 07:20:55 PM »
You think it will work in these cases?

Offline stooges44

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Re: PSA: Don't swipe recklessly for others
« Reply #2605 on: February 25, 2019, 07:23:03 PM »
It'll just get lost here. Could keep that thread just for actual concrete discussion.

I have yet to find a thread here that was kept on course with concrete discussion except, of course, the  "NO DISCUSSION ALLOWED" thread (ironic, I know)
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Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #2606 on: February 25, 2019, 07:30:07 PM »
I don't know if they still exist, but I used 7-8 years ago "Angels of Debt" Norman Ballassiano. Not sure what their status is. They took a cut from the money the saved me.

Is that what Norman Ballassiano up to these days? I knew him back in the 90s up until about 2001, haven’t seen or heard of him since then.
« Last Edit: February 25, 2019, 08:23:02 PM by ExGingi »
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Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #2607 on: February 25, 2019, 07:32:09 PM »
Is that what Norman Ballassiano  up to these days?
?
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Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #2608 on: February 25, 2019, 07:33:57 PM »
Seems scammy per a quick Google search

https://angelsofdebt.com/become_an_angel
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Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #2609 on: February 25, 2019, 07:38:26 PM »


for all the horror stories we have there are probably 10 times more stories where people made and continue to make about 24% a year (+SUB) ***"*without laying out a penny***** . it's easy to make fun when it goes bad but lots of people risked a lot and make good money.

I know people who have already profited over 100% (+sub) and they are very happy they took the risk.
Are you missing the whole point?