When is a scam not a scam
If a large well established and respected company invites investment in a system that it knows has no benefit to the investor, is that a scam?
In general I'm taliking about various web portals, a Case in point, One of the lead political news feeds in the UK. They do the hard sell in pushing major companies to have mini web sites on their system, the idea being the massive exposure associated with being listed on that service. My company - against my advice - purchased a few pages and invested a huge amount of money in keeping them up to date. Eventually I insisted on placing a counter on the pages. It was only when I proved that nobody accessed these pages did we cancel the agreement.
This company still pushes this "stakeholder" service, largely focusing on the web illiterate. I say its a scam in the same league as any get rich quick scheme as the seller knows that the buyer in the vast majority of cases gets no return!
(I've avaoided naming the company, only to follow the WPW etiquette) I think these companies should be exposed by name, there are others out there who have equally applied the hard sell and who I am sure retain their respected position while scamming unknowing investors
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