Midas,

Where can I submit my resume to join Midas, Mulligan & Magoo? Are you guys able to compete with the likes of Goldman? What's the culture like? How's the Compensation? Is there a fully stocked bar to be raided daily?

In all seriousness... my favorite scam has always been Amway/Quixstar/Whatever they are calling themselves these days. The reason why it's my favorite is because unlike Eron and Worldcom, it's easy to sucker people into, hard to get out of and is an easy way to drain people of their hard earned money since they need to buy and market the products they sell by using those products to show brand loyalty. I mean, I was going to discuss Scientology, but who knows what those nutters are doing and how they are searching for their name to come up.

Back to Amway thoough... In college, I had a friend that went to one of these "MLM-Group meetings" and started his own business selling their products. He tried to convince me to be his downlink (their term for one of the people he gets to directly join) and I said I'm not interested but got dragged to the meeting anyway since he said I should hear it from them. Being the Cynic I am, I sat in the back and listened, not impressed by any of this. So, as I'm explaing my dissatisfaction with this event, the system and the like, and the guy running it comes over to me and starts to chat me up and get me interested, but I explain that I'm not and have no desire to do this. Without getting into much detail he tries to convince me and I say look, I'm not interested in doing this and have no desire to be part of this whole process. He listens paitently to my ranting, gives me his card and says that if I ever feel like seriously considering it and change my mind, I should give him a call. So my buddy continues on with this for about 3 months before realizing what I did that he was SOL and couldn't make the money he thought he'd be able to with this. So he calls them and quits, ending up walking away with a small net loss on the whole ordeal. After seeing that happen to him, now I just avoid any of those scams twice as much.

Guy that served in a Special Ops unit that I know pretty well set up this Amway thing to deliver groceries to the families of his guys when they were deployed. Dude made a killing (relatively speaking) and was then politely asked to leave the Army.

late night on BET they sell holy 'miracle' water. the commercial says they will pray for you also. No joke

Here is the biggest scam I have seen, sorry its not in a business related context..

HD sunglasses

It doesn't even make sense, it just makes colors more vivid and they market it to senile people who don't know what theyre doing and buy it because it has the word HD in it and because those commercials are intended for the dumb.

Also, those limited edition gold quarters or whatever are on those infomercials. what a ripoff. has anyone actually bought those? because 'they're sellng out fast!!!!'

I had some random kid text and call me three times the last week I was home on break asking to meet up "for a tremendous opportunity." I hadn't heard from him in more than two years, had never heard the word 'tremendous' uttered from his mouth before ... needless to say I smelled scam.

He was remarkably tenacious and justified his random re-contact with "I know your potential and I want you to know about this." I never let him near the house, he's probably off peddling Cutco/Amway to the other freshmen at his no-name school in Southeast Bumblefuck, PA.

My roommate got into the whole quixtar scam (same as amway), he wanted me to get into it cuz "you're businesses minded man,, youll get it...these other ppl dont" so i listened to him and said scam...but hte still told me more about it...and told me the shit they say to them. "dont listen to ppl who say its bs, or a scam, they'll try to bring you down...distance yourself from these so called freinds..theyll keep you down" and he started to believe it and distance himself...Thank fully a month later..he got his first check for $2.54 and quit and we got to make fun of him ever since...at my school they pretty much preyed on people fresh of the boat who don't know any better, or sheltered kids who don't think of something that's too good to be true. Saw a bunch more like that when a different friend was applying to entry level bs jobs (shitty degree, 2 years doing nothing after school) and he was showing me the jobs and almost all of them were scams.

Hello, I'm a Nigerian Prince in need of assistance...

Not so much a scam as a brilliant sales pitch for a regular knife XD. Introducing Ginsu!: http://en.wikipedia.org/wiki/Ginsu

Had a buddy get all wrapped up in the shitty Primerica Financial scam. Managed to brainwash another friend to do it with him. They were convinced they would pull in $500k a year after about 3-5yrs of 'building their business'. About four months later they burned their stack of Primerica cards together at a backyard bonfire.

I was astonished when one of them told me a few months later about this great "opportunity" called Cutco. Luckily he listened when I told him it was the same deal as Primerica. It amazes me the stupidity that some people exhibit. To each his own..

I'll say one thing for Cutco: they make a damn good knife. In-laws gave us a set several years ago and they hold an edge like you wouldn't believe.

Some (stupid / ignorant / all of the above) friends of mine sent me facebook mails about ponzi schemes.

Eddie, I gotta agree with you on that one. We have a set of Cutco Knives and they are just as good as the German knives we have. At least Cutco produces a product that is usable and works well.

The rest of these Ponzi Schemes.... not so much.

agree with Frieds Cutco makes a great product but there marketing approach/business model is ridiculous having teenagers basically harass people they know into buying knifes come'on man

I would sell Cutco knives in prison. I guarantee you every revenge minded freak making $0.04/hour would tweak over those things and drop his whole commissary account on them. I got a set more than ten years ago and those things still kick ass. I have cut steel piping with my bread knife and still no tetanus!

Northwestern Mutual internships. Have received Facebook messages from friends that want to meet with my parents.

So... Concensus on Cutco? Not a scam... just awful at how they sell knives?

Those college painters companies seem to be a pretty big scam, both for the student that ends up making less than minimum wage and the sucker whose house gets a sloppy paint job.