BOGO Tuition Scam

[Toasted]

Bump.

I hope it's all sorted out in time for this year's free tuition.

[drosenberg88429]

BUMP 🤣🤣🤣

[Joel]

Alive again 

Saw a ad poster in shul this shabbos for a organization to help people pay tuition….they were running a 2 day campaign this week…whatever u donate to them, they will provide a voucher for tuition for 3x as much…as well as a 20% voucher for right now….basically they said u donate 5000 and we will give u a tuition voucher for 10 or 15k over the next few years (not sure which one) plus 1k right now….

Anyone have more info? Seems sketchy to me….was called keren yaldie something, based on a rewards program with local stores called mayan….and it had a whole bunch of names on it one sounded familiar with this stuff it was Zvi bogomilsky

Just curious what’s this all about? Not getting involved bec my kids are too young but if it’s a scam it could be targeting alot of naive ppl in shul

[avromie7]

Alive again 

If someone offers you money and all you need to do is give them money in order to get your money, it's a scam. It's a jewish twist on the nigerian prince scam.

Even if it was not a scam, you'd have an issue with ribbis.

[dovy2]

saw sign in agudah ave L in flatbush...
so deff alive again..

[Moshe123]

I just went back and read the whole thread. This was fun.

[CountValentine]

I just went back and read the whole thread. This was fun.

Scam or legit?

[Joel]

Scam or legit?

Can you read the title?

[CountValentine]

Can you read the title?

Yes, so it is?

[ExGingi]

As I said back in the day (when I was trying to give the person the benefit of the doubt) just find out if any school will accept the vouchers (or accept the promise of vouchers and not come back to you demanding tuition).

I later on spoke to someone with some inside knowledge and verified that this is some poor attempt to raise funds for a startup Jewish centered loyalty program. Regardless of whether it is a Ponzi scheme or not, this is definitely not a kosher way to raise funds for a business idea.

[avromie7]

As I said back in the day (when I was trying to give the person the benefit of the doubt) just find out if any school will accept the vouchers (or accept the promise of vouchers and not come back to you demanding tuition).

I later on spoke to someone with some inside knowledge and verified that this is some poor attempt to raise funds for a startup Jewish centered loyalty program. Regardless of whether it is a Ponzi scheme or not, this is definitely not a kosher way to raise funds for a business idea.

I did see that he has some patents filed for a loyalty program.

[ExGingi]

I did see that he has some patents filed for a loyalty program.

As I said, there is definitely a plan for a loyalty program. Whether its business model makes sense or not, anyone can decide on their own. Whether Jewish educational institutions will or will not accept his vouchers or the promise of future vouchers, is up to anyone to determine on their own by contacting the educational institutions where they might have a tuition obligation. Whether this is a "kosher" way to raise funds for a business startup - IMHO the answer is a resounding NO!

[avromie7]

As I said, there is definitely a plan for a loyalty program. Whether its business model makes sense or not, anyone can decide on their own. Whether Jewish educational institutions will or will not accept his vouchers or the promise of future vouchers, is up to anyone to determine on their own by contacting the educational institutions where they might have a tuition obligation. Whether this is a "kosher" way to raise funds for a business startup - IMHO the answer is a resounding NO!

I didn't ask, but I can't imagine the schools will look at this any different than any other tuition payment. If they receive the funds they'll accept it, if not they won't.