WebNode.com - $4B Contract for Next Generation Internet Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WebNode.com - $4B Contract for Next Generation Internet

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Razorbak who wrote (517)	8/15/1999 11:57:00 AM
From: Arcane Lore	Read Replies (1) of 588

More proof of Barnum's law: Con men look to space By KEITH GOSMAN 15aug99 AN "authority" offering land for sale on Mars is the latest in a long line of Internet scams to hit Australia. The Mars Land Authority (MLA) joins other bogus business schemes - including "top-secret US government bonds" and anti-smoking pills - aimed at gullible investors. The Australian Securities and Investment Commission (ASIC) says the Martian scam was reported by a Dee Why man who was sent an unsolicited e-mail. The MLA, based in Dandenong, Victoria, is offering cash-only, "selling fast" land packages of 100ha to 1000ha on Mars. Prices range from $10 to $45. This includes a deed certificate outlining lot boundaries, and potential buyers are offered a selection of outlooks from "Mountain View" to "Polar Region". ASIC believes the scheme was designed to exploit community interest in Mars, which was raised by NASA's 1997 Pathfinder mission. Investigations by ASIC and the Australian Competition and Consumer Commission (ACCC) have shown that no matter how bizarre or far-fetched the pitch, there's no shortage of people eager to invest in schemes like the MLA. The ACCC and ASIC have begun electronic watchdog programs surfing for Internet fraud. ... The article then goes on to discuss U.S. "super bonds" - an Australian variant of the prime bank scam used in the U.S. ( see sec.gov ) and the ASIC designed "April Fools" gullibility test. theaustralian.com.au

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next