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Showing posts with the label scam

Scamming, the largest market of crime

Scamming is a crime bulked Profiteering and should never been seen as a means of profit. Scamming comes in so many forms that come and go as both knowledge and tech changes.  The list of scams is so massive due to being one of the oldest and widest spread form of theft by a businessman. Scams have so many different forms it can not be listed in law all in of it's self even under profiteering.  Though most scams fall under either Fraud or Ethics. Scamming is often handled quickly by law enforcement, but the problem is the scam's take between 1-5 years before the scam is found out and the scammers move on only 2-4 years after starting making locating them difficult. Corporate scamming how ever, they do get caught and they don't move on.  But they often add to their list of crime blackmail, bribing and law circumventing.  So they continue to commit crime openly in front of the public and yet no one does anything, mostly due to those in politics in charge ...

Telecoms, what an ugly past they have

This list of crimes and bad practices is just wow. Divided territories, Absorption of competitors, Deregulation, Tying, Product sabotage, Usury, Bribery/Blackmail, Extortion, Business ethics, Refusal to deal. Very few other businesses spread so far in the activities that these people do. They make sure they don't overlap coverage areas as not to compete with each other so to keep prices high to customers. They create bundle packages of all their services, even though a service is offered from the same provider does not mean the different services should be gotten as a bundle.  This is often used as a scam to show a short term low entry price that later explodes in cost and contract terms. They jack up pricing for no reason at all or even pass on lawsuits, fines and penalties to the customer instead of eating into profits as intended. They buy out any competition that springs up in their coverage area. The bribe politicians to change regulations, laws and legislation in th...