BlueHippo Scam Collected $15M, Only Shipped One PC
from Slashdot by Soulskill
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 $15 million in payments from consumers, who don’t appear to have received anything in return.'”
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Why am I not surprised? And, how long did it take to get this fraud shutdown by the “regulators”? And who’s going to jail for the 15M$ stolen from poor people? After all, who has “regardless of credit”. And, the hardware they pictured looked obsolete to me.
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Reinke Faces Life 