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Bogo walks in a room and announces that we're almost at the end, so double your money now* before it's too late! He claims there are people vouching for him, but they have never heard of him.
ExGingi talked to Bogo for a minute and let's everyone know that he knows what he's doing. Except maybe that was for another Bogo thing he's doing that may or may not MLM related. Or something like that.
Baruch won't stop calling Bogo a liar and ExGingi a fool and a liar. He's gone over to everyone and tells them this at least dozen times.
Freddie is in the back of the room just cooking his cholent. It's parve, exactly how ExGingi likes it. JJ didn't tell Freddie he was in the room as he doesn't like parve cholent or MLMs. This makes him a shvantz.
Dan is waiting for a juicy voicemail or at least an email to put in this thread. Dan loves Lakewood and was very impressed with it. Dan hates Lakewood and bashes at every opportunity {{Citation needed}}

JJ finally did teshuva. It remains to be seen if others mentioned on this thread will follow his lead.

*as long as you're from Lakewood.
« Last edited by Freddie on October 20, 2016, 06:53:59 PM »

Author Topic: BOGO Tuition Scam  (Read 158221 times)

Offline Yehuda25

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Re: BOGO Tuition Scam
« Reply #440 on: September 11, 2016, 05:18:44 PM »
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?
“To avoid criticism say nothing, do nothing, be nothing.”


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Offline yakrot

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Re: BOGO Tuition Scam
« Reply #441 on: September 11, 2016, 05:22:18 PM »
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

Offline yuneeq

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Re: BOGO Tuition Scam
« Reply #442 on: September 11, 2016, 05:25:04 PM »
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.
Visibly Jewish

Offline MarkS

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Re: BOGO Tuition Scam
« Reply #443 on: September 11, 2016, 05:27:58 PM »
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......
« Last Edit: September 11, 2016, 05:32:53 PM by MarkS »

Offline Yehuda25

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Re: BOGO Tuition Scam
« Reply #444 on: September 11, 2016, 05:28:12 PM »
odd, usually at least there is some kind of made up reason...
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Offline chevron

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Re: BOGO Tuition Scam
« Reply #445 on: September 11, 2016, 05:35:39 PM »
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

Offline Eliyohu

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Re: BOGO Tuition Scam
« Reply #446 on: September 11, 2016, 06:47:17 PM »


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

Offline henche

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Re: BOGO Tuition Scam
« Reply #447 on: September 11, 2016, 06:55:44 PM »
You can't patent a business deal.


Offline churnbabychurn

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Re: BOGO Tuition Scam
« Reply #448 on: September 11, 2016, 07:06:21 PM »
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.

Offline 12HRS

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Re: BOGO Tuition Scam
« Reply #449 on: September 11, 2016, 09:45:47 PM »
Tell them to become DD verified :P

I'm still trying to get DDF verified  :P

Offline Dan

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Re: BOGO Tuition Scam
« Reply #450 on: September 11, 2016, 10:08:47 PM »
I'm still trying to get DDF verified  :P
Did you pay the annual fee?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline 12HRS

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Re: BOGO Tuition Scam
« Reply #451 on: September 11, 2016, 10:12:26 PM »
Did you pay the annual fee?

i obviously didnt sign the NDA...

Offline Eliyohu

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Re: BOGO Tuition Scam
« Reply #452 on: September 11, 2016, 11:51:08 PM »

Offline jj1000

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Re: BOGO Tuition Scam
« Reply #453 on: October 20, 2016, 04:30:51 PM »
And he didn't tell me? In that case you can let him know he's a shvantz.
in the pit.
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Offline Freddie

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Re: BOGO Tuition Scam
« Reply #454 on: October 20, 2016, 04:46:38 PM »
in the pit.

Zdonos naaseh lo k'zachiyos mamash.

Offline jj1000

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Re: BOGO Tuition Scam
« Reply #455 on: October 20, 2016, 06:15:26 PM »
Zdonos naaseh lo k'zachiyos mamash.
That's more like it :)

In tzohar dorm ATM ;). Then heading back to Celev Land.
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Offline Freddie

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Re: BOGO Tuition Scam
« Reply #456 on: October 20, 2016, 06:30:45 PM »
Come to yeshiva for mincha maariv.

Offline Brian93

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Re: BOGO Tuition Scam
« Reply #457 on: October 20, 2016, 06:44:43 PM »
Zdonos naaseh lo k'zachiyos mamash.
Wiki?

Offline Freddie

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Re: BOGO Tuition Scam
« Reply #458 on: October 20, 2016, 06:52:17 PM »

Offline zh cohen

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Re: BOGO Tuition Scam
« Reply #459 on: October 26, 2016, 04:27:17 PM »

In tzohar dorm ATM ;).

Is that appropriate? ;)