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garys_2k
Premium Member
join:2004-05-07
Farmington, MI

garys_2k to Scott S

Premium Member

to Scott S

Re: [Scam] Anthony Morrison/Hidden Millionaires Infomercial

People must not check into stuff before spending significant money on too good to be true schemes. This thread has remained on the first page of Google searches (sometimes number one or two) but still some suckers fall for his sweet talk.

Snowy
Lock him up!!!
Premium Member
join:2003-04-05
Kailua, HI

2 edits

2 recommendations

Snowy

Premium Member

said by garys_2k:

People must not check into stuff before spending significant money on too good to be true schemes.

That's it.
IMO, it's a part of the psychology of credit card use diminishing the concept of due diligence.
It's much easier to persuade someone to hand over a credit card for a $4000.00 swipe than it would be to have someone count out 40 $100 bills in the same situation. The only difference being the mode of payment with no difference in the failure rate.

Definition of 'Due Diligence - DD'
1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.

2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.


»www.investopedia.com/ter ··· ence.asp

The problem with morrison's scam is that the sales pitch doesn't include any facts or tangible guarantees to verify.
The one exception is that your money (or credit) becomes his money.
That's the only tangible guarantee that's made.
Gosh, knowing that, where do I sign up?
Whip5
join:2009-01-23
Califon, NJ

Whip5 to garys_2k

Member

to garys_2k
said by garys_2k:

People must not check into stuff before spending significant money on too good to be true schemes. This thread has remained on the first page of Google searches (sometimes number one or two) but still some suckers fall for his sweet talk.

They don't as proven by the thousands of ponzi schemes out there.