BOGO Tuition Scam

[shulem92]

This is the longest post I have ever seen for a guy who says...

Why should I vent? you think I give a crap?

[Connieg]

Maybe the cost of education has risen with all the specialties now require

[yuneeq]

Every one acknowledges that the system is broken. Its broken if schools are always bankrupt, teachers on strike, parents paying 25%+ of annual income to schools etc. This BOGO thing is just feeding off the issues there are and highlights just how desperate people are.

But the sickness is there regardless of whom is to blame, the same sickness that ails millions of americans with college debts, for degrees they didnt get, need, or use.. in schools they didnt need but paid a ton for because of prestige.

Why should I vent? you think I give a crap? other than seeing friends crippled by financial loads of 40k+ a year in tuition. The Yeshiva system didn't do anything for me and I dont respect it as an institution... you can ash me but im being honest, my best years of my education and formation were spent in a cheder of 6 kids which functioned as a CO-OP school.. parents taught for 1-2 hours a day and we learned in a shull

Sure if you make 100$ an hour post tax and teach 20 hours a month for 10 months thats 20k of lost income, but if you made that much you should afford tuition.

Some ideas would be to revamp the yeshiva as an institution, the modern day yeshiva is, well, modern day.. few kids unless you were an iluy or son of wealthy parents, went to yeshiva.

The issue of economic sustainability is present in any institution no matter how noble its intentions... Avot laid it out "im ein kemach ein torah"

Every one is entitled to do as they please, as you are entitled to learn in kolel etc or choose your children's education, i'm entitled to voice my thoughts on this.

Some yeshivot are cutting edge in education and child growth etc but to compare them to private schools at even 25% ? when I was in yeshiva and got in trouble I was punished, who ever hear of a Yeshiva with a competent social worker or staff physiologist at my age ? kids used to tell horror stories of my principle, so once when I was sent to the principle, I hid in the bathroom for days

Lets not even discuss the teachers qualification, often they had 0 background and were just bochurim or newly married people.

The yeshiva system has changed and improved, but what i'm pointing to is the need to invest in education.

Rather than fancy weddings and expensive sheitels (heres where the usual people will twist my words to imply im bashing the frum community) annd of course a bed bath and beyond list which makes me envious as a single guy, community's etc should build financial frameworks for investing in chinuch.

You get married, the community gifts you with a 5k seed fund, you contribute to it, the community matches etc? it should be like a college fund, invest in your kids future.

Sounds like Obama.
Education is too expensive and the solution is we need to spend more.

[Yehuda25]

Can someone explain the scam to me in a short summary? LOL

[yuneeq]

Can someone explain the scam to me in a short summary? LOL

You hand Mr. Bogo $10,000, in return you get a false promise that he will pay $20,000 towards your children's tuition.

[Yehuda25]

You hand Mr. Bogo $10,000, in return you get a false promise that he will pay $20,000 towards your children's tuition.

So hold on a second, where is mr bogo even claiming to get the money/backing from? And what is officially in in for him?

[yakrot]

So hold on a second, where is mr bogo even claiming to get the money/backing from? And what is officially in in for him?

Apparently he does not need to know answers to your very prudent questions to get ppl to give him money

[yuneeq]

So hold on a second, where is mr bogo even claiming to get the money/backing from? And what is officially in in for him?

If you ask Mr. Bogo, he'll try to say that loyalty, referrals, rainbows, and unicorns create money out of thin air.

[MarkS]

The basic scheme is that if I sign you up as a loyalty member at a store, when you shop there, there store gives a 2% loyalty rebate to me. (Wait - so that doesn't help you and encourage YOU to shop, it only helps me). So if I get 10 people under me, And they all spend money, I get a total of 20% off of my purchases. Heck if I get enough people I get paid to shop there!!

That's his premise.

Edit: Here is a quote from the patent applicationOptionally, all members (100, 200) may initially receive a 2% cash-back benefit on their purchases made at participating merchants 300. Once 5 people are referred to the program by the member, the prime member 100 will get 25% of the average of the purchases made by the member's referred members 200 in a cash back benefit. Once the prime member 100 refers 5 additional members for a total of 10 referred members 200, the benefit to the prime member 100 will increase to 50%, another 5 additional referred members 200 for a total of 15 members, will increase the benefit to 75%, and with 5 additional members for a total of 20 referred members, the benefit will reach 100%.
[0027]
An optional feature would allow the prime member 100 to receive more than 100%, such as referring 5 additional members for a total of 25 referred members 200, will generate 125% cash back, and 5 more additional members for a total of 30 members, will increase the benefit to 150% cash back. The value of the benefits to the members can be adjusted through a combination of adjusting the percentage of each transaction which can be used to credit the member, as well as the number of referred members for each prime member.
[0028]
The cash back benefit can be adjusted based on how much the prime member 100 personally spends at participating merchants and service providers. For example: If the member only spent $500 in the month of January, and 20 referred members 200 spent an average of $1,000, the member would only get back $500. A reason to design the payout in that manner would be to encourage the prime member 100 to spend as much as possible at participating merchants and service providers.



So basically he's saying that if I get more and more people to shop there (again with no incentive to my friends) then my % off gets bigger and bigger. Highly unsustainable and ONLY beneficial to the people at the very top......

[Yehuda25]

odd, usually at least there is some kind of made up reason...

[chevron]

The basic scheme is that if I sign you up as a loyalty member at a store, when you shop there, there store gives a 2% loyalty rebate to me. (Wait - so that doesn't help you and encourage YOU to shop, it only helps me). So if I get 10 people under me, And they all spend money, I get a total of 20% off of my purchases. Heck if I get enough people I get paid to shop there!!

That's his premise.

A credit card processing company tried to get me to do something like this for an orginization. in short if I could generate a certain revenue amount I think like 50 million it was, we'd get 90% of the cc swipe fee's collected. Their argument was that I was handing them 10% swipe fees off 50 million so they are benefiting even with losing 90%

Needless to say I didnt

[Eliyohu]

So basically he's saying that if I get more and more people to shop there (again with no incentive to my friends) then my % off gets bigger and bigger. Highly unsustainable and ONLY beneficial to the people at the very top......

Worse, because not just no incentive to your friends but why wont they want to be a prime member themselves and get their own %2  ...
Also the fact which he claims by combining the loyalty program with the tuition fund will help everybody, by way of his logic it will only help those prime members in other words you need people on the bottom not getting a kickback for this money to not chine or of thin air

[henche]

You can't patent a business deal.

[churnbabychurn]

You can't patent a business deal.

You can patent a scam. You then amortize the value of the patent over 10 years, so that you don't have to pay taxes on the earnings.

[12HRS]

Tell them to become DD verified

I'm still trying to get DDF verified