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yikes!
Jul 5, 2006




Soiled Meat

milk moosie posted:

That wouldn't make sense, cause they're not in this to be landlords - their (supposed) intent is to provide their child with a housing opportunity. Which I've already got and can handle well enough, so...

I guess the question is, if they want to help provide a housing opportunity, is this really their best bet? What should they do?

If it was up to me, they'd provide my brother and sister with a place, instead. But they say they're already providing for education, so...

Make a thread. This isnít me being a stickler about rules or w/e but itís just an interesting topic that should generate a lot of discussion. My parents also have crazy ideas like this that I donít know where to talk about.

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Pollyanna
Mar 5, 2005

Milk's on them.




Iíll make one tonight. Currently accompanying them on their ďresearchĒ just so I can speak up if anything tries to get signed.

Harry
Jun 13, 2003

I do solemnly swear that in the year 2015 I will theorycraft my wallet as well as my WoW

Ur Getting Fatter posted:

You need to consult an estate planning attorney before you, personally, sign anything.

Once you sign something there's no guarantee you haven't assumed any liabilities. Normally, inheritance law guarantees you will only receive net positive assets (ie: the estate will pay for all debts and if there's anything left, you will inherit it).

Depending on what your parents are doing, they could be circumventing inheritance law and just setting up an asset in your name, which you will be liable for if you sign and agree to the terms.

If you can't pay for the lawyer yourself and your parents won't do it to put your mind and ease, then it's up to you to consider whether the risk is worth the reward and nobody on the Internet can or should give you a definite answer on that.

What? Unless they forge his signature, it's going to be very obvious to him whether or not something is in his name. The parents are just looking for a "free" property manager basically while benefiting their child.

Ur Getting Fatter
Jun 9, 2007

Fast Food Fight



Grimey Drawer

I never said heíd be signing under deception, but without carefully reviewing a legal document itís difficult to know exactly what youíre getting into. Iím glad youíve got complex real estate transfers through an LLC figured out, but the OP clearly doesnít.

Also the OP is clearly uncomfortable with all of this and his parents are pressuring him into it which are all red flags that warrant closer scrutiny.

Harry
Jun 13, 2003

I do solemnly swear that in the year 2015 I will theorycraft my wallet as well as my WoW

Ur Getting Fatter posted:

I never said heíd be signing under deception, but without carefully reviewing a legal document itís difficult to know exactly what youíre getting into. Iím glad youíve got complex real estate transfers through an LLC figured out, but the OP clearly doesnít.

Also the OP is clearly uncomfortable with all of this and his parents are pressuring him into it which are all red flags that warrant closer scrutiny.
This doesnít even begin to approach a complex real estate transfer.

Ur Getting Fatter
Jun 9, 2007

Fast Food Fight



Grimey Drawer

Iím of the opinion that a lawyer that has actually seen the paperwork should make that determination.

kw0134
Apr 19, 2003



We can easily speculate about the form of this transaction but it's gonna require someone to look at the documentation involved. And if that documentation is more complex than "I convey Blackacre Condo to C child in fee simple," then it's proper to ask a trained professional wtf is really happening.

Thinking yourself too smart to require outside assistance is how you end up in this thread as a cautionary tale.

Lockback
Sep 2, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.


Idk if thisís the place to post this I tried r/ AntiMLM too
https://www.reddit.com/r/personalfinance/comments/9s5kch/idk_if_thiss_the_place_to_post_this_i_tried_r/

quote:

I fell for an MLM called DubLi (I know Iím stupid) I was in desperate need of cash and they convinced me that this was a legit business (I didnít know about this subreddit yet) And now Iím REALLY in desperate need of cash. Their travel programs are honestly good but everything else is pure garbage. Is there any forum or site where people who are obsessed with MLM for some reason buy accounts or something. I REALLY need to sell my account (for a discounted price) and get as far away from all those toxic people in the ďbusinessĒ. Any ideas or solutions would be appreciated.

If itís actually possible to sell my account I donít want to sell it to some innocent person obviously in the same situation I am.

quote:

I cancelled all the recurring bills and they sell accounts (not physical). Cashbacks and travel programs for $49 a year. I had to pay for 12 accounts (+ like $100 in ďtrainingsĒ and they made me travel to other cities for seminars and lose many relationships with close people) and use one of the accounts for myself, so now I have 11 accounts left and they expire in 8 months.

Running out of other suckers.

Youth Decay
Aug 17, 2015

a little too tithonic
yeah I really do think



https://www.simplisticallyliving.com/5-things-to-do-if-you-are-in-lularoe-jail/
#5 is the best one.

From that same splog:
https://www.simplisticallyliving.com/ways-to-fund-lularoe-onboarding/

quote:

BORROW
Borrowing money makes me nervous! I know how scary it can be. I also know how amazing LuLaRoe is, so Iím sharing ďborrowĒ as a way to fund your business because I have faith you will pay your investment backÖ quickly!

Generally speaking, credit unions have better rates (and higher approval chances) than big banks do. Search Yelp and other online sources like Google to check reviews before walking in and asking for a loan. Most places will allow you to apply online or through the phone, if you donít want to have to physically walk into the credit union. If you have a chance, call in so you can ask questions. Itís better to ask too many questions than not enough.

You can also get a line of credit if you have a business already. Without a business, you can get a credit card but watch out for huge interest fees. Call in and speak with an actual credit card specialist rather than trying to navigate the terms and conditions online. Ask what the interest rate is, and if they have some type of deferred interest offer if you put a large purchase on the card. For example if you put half of your investment on the card ($3,000-ish), will they give you 3 months with no interest? 6 months? The goal is to pay it back before you have to pay a penny in interest!

If you do go the loan route, a PERSONAL loan is much easier to get than a BUSINESS loan. Business loans typically require a business license along with a business plan. Stick with a personal loan for ease and a higher approval rate.
Ah yes, you don't want to take out a business loan because then you'd have to act like an actual business.

Ur Getting Fatter
Jun 9, 2007

Fast Food Fight



Grimey Drawer

Jfc these people should be in actual jail, let alone lula jail.

GamingHyena
Jul 25, 2003

Devil's Advocate

Youth Decay posted:


https://www.simplisticallyliving.com/5-things-to-do-if-you-are-in-lularoe-jail/
#5 is the best one.

From that same splog:
https://www.simplisticallyliving.com/ways-to-fund-lularoe-onboarding/

Ah yes, you don't want to take out a business loan because then you'd have to act like an actual business.

On that same page she recommends selling your childrenís clothes or small kitchen appliances for Lulumon cash which Iím pretty sure automatically qualifies you for a spot in hell.

Hoodwinker
Nov 7, 2005



Unironically: guillotine.

Propaniac
Nov 28, 2000

SUSHI ROULETTO!


College Slice

I was gullibly scammed out of $1400

quote:

First off, I just want to say that this will be a long post, because I do want to rant and provide a lot of context for feedback and introspection. But basically, I was given jewelry by who claimed to be a rich man from Dubai in front of his family from a very expensive car at a gas stop who claimed to have run out of exchange cash. I felt bad for them and especially their kids, who were apparently in on the scam. As it turns out, none of the jewelry was real, and although a $1400 loss isn't going to kill me, it does sting, and I want to vent with someone. I apologize if this isn't the best subreddit for it; if someone could point me in the right direction, I'd appreciate it.
The story
I was at a Shell gas station when a middle eastern man in a white, family-sized Escalade called me over. He told me he needed his tank filled, because his bank card would be declined because it's from a bank outside of the country, since he was from Dubai.
A quick peek inside his car that duped me into thinking he was legitimately rich:
ē Garmin GPS
ē Bratty looking boy with highlights and a tablet in the front seat
ē Wife in the back seat with baby
ē Girl in back seat as well
ē Nifty looking baby seat
ē A lot of gold jewelry being worn by him and his wife
He was dressed in white garb, with a lot of gold-looking jewelry and sandals, which his family was dressed with American-looking street clothes. Throughout everything I will be describing to you, the entire family would tell to me "God bless you" and "thank you so much". I'd like to bring attention to the delineation between exploiting your family as part of a con, and having your children join in on the con.
the first con
As I was helping him out with the gas, he took me to his window, and shook my hand. His handshake included him kissing my hand (admittedly, it was weird, but it seemed genuine). Immediately, he took off a gold ring, which felt a little fake at the time, given the rough edges, and gave it to me. He explained how he was on vacation but ran out of his cash and was explaining about that he was actually from Dubai with "broken" english. He claimed he wanted to give me the ring as a gift. At one point, I do believe he noticed he was taking advantage of someone who's very dumb, as he repeatedly said, "I am a very rich man" and "Do you know where Dubai is?" My only question that wasn't answered due to his "broken" english was, "Why didn't you take more from the currency exchanges in customs?" In retrospect, since he made me walk away from the pump to help him out, I definitely didn't look that a full tank went up to ~$81.
the second con
After that, he immediately went on to say how much of a "good heart" I had. He then went on to say how much his family could use some help to get them through the night as their hotel might go out and he needs food for his children. At first, I had said no, and was trying to leave, but he insisted with a new piece of jewelry; he took off and gave me a necklace. The necklace and the ring were immediately upscaled of being very very valuable from him and his wife and although I tried to reject it, he presented it as "a gift" for my good heart. He said he could use $500 dollars for the night, and asked if there were any of my bank's ATMs nearby. See the red flags I totally ignored?
the third con
After he followed me to the bank and I withdrew $500 from my savings account, he further upped the ante. The new story was how he needed to get back to Dubai pronto; they had gotten word that morning the wife's mother was hospitalized. (Quick aside, this almost hurts to write due to how blatantly obvious everything I'm saying is). He then gave me the last two pieces of jewelry, his Rolex and another necklace. He sold the Rolex to me as being incredibly expensive, but he could afford it because he was a very rich man. Given the darkness of the night (sneaky bastard), I couldn't tell much other than the fact that the Rolex's second hand wasn't seamless and continuous. But then I mis-reasoned that that couldn't be a requirement for all Rolexes and that I shouldn't claim to know about watches because I don't. After another handshaking, fake adoration of my goodwill, and probing about my belief in God, I was ready to withdraw another $800 from my bank account, but the ATM screen showed I had reached my limit. After telling him, he quickly asked if I knew about the American Express cards at pharmacies that are prepaid. My trailing (but suppressed) suspicion wondered how a millionaire tourist who was dumb enough to not already have paid his hotel off for the nights here would know of how these cards worked.
As we drove to the nearby CVS across from my apartments, my suspicion started to get the best of me. When we parked, I brought the Rolex and the second necklace back to him and said, "you know, I'm sorry but I don't feel comfortable anymore about doing this." Seemingly humble, he quickly replied, "ok, what I want is your happy, maybe we could do with $500? but keep these, they are gift to you."
I felt bad inside the CVS.
I bought the $800.
After I went back, he immediately showered me with variations of "why you do this after what we talked? you truly have a good heart."
I got home and noticed the Rolex had a word misspelled on its face. The word was "certifiad".
The aftermath
I just moved to San Diego immediately after college. I graduated with an MS and am a programmer for a very well paying company based out of the bay area. (You would think I would've noticed the signs and not let my guilt get the best of me). This setback will not put me on the streets and certainly didn't make a dent in my daily life. Although, seeing bank account's combined worth drop from just over $11,000 to around $9,800 stings. It stings bad. I had recently made a financial plan which included me not making any big purchases in the next few months.
I will take any and all advice I can take from fellow redditors that have been scammed before. But I basically have nothing on them other than the jewelry, just a few vague descriptions, not even a license plate number. What kind of a Dubai Millionaire goes to loving Shell?

TL;DR: A middle eastern man, claiming to be rich, scammed money from me in return of jewelry in front of his family, including his children by gifting me fake golden jewelry. Any and all advice is welcomed.

Virigoth
Apr 28, 2009

Corona rules everything around me
C.R.E.A.M. get the virus
In the ICU y'all......





:vince: :wellpiss:

therobit
Aug 19, 2008

EVERYTHING I TYPE IS UTTERLY WORTHLESS


GamingHyena posted:

On that same page she recommends selling your children’s clothes or small kitchen appliances for Lulumon cash which I’m pretty sure automatically qualifies you for a spot in hell.

Can I buy Lululemon cash at a discount from real cash? If so, I think I see an opportunity for arbitrage here.

George H.W. Cunt
Oct 6, 2010



What a dumb motherfucker

TraderStav
May 19, 2006

It feels like I was standing my entire life and I just sat down


These lulu people are acting exactly like crack heads. Selling toasters to get their next fix.

canyoneer
Sep 13, 2005


I only have canyoneyes for you


Whoa whoa whoa, get your brands straight.
Lululemon is really expensive yoga pants/activewear for the pilates and ski holiday crowd. They are sold in normal stores in normal ways.

Lularoe is the MLM stretchy pants. They are sold by MOM BOSSES

bob dobbs is dead
Oct 8, 2017

I love peeps

Nap Ghost

canyoneer posted:

Whoa whoa whoa, get your brands straight.
Lululemon is really expensive yoga pants/activewear for the pilates and ski holiday crowd. They are sold in normal stores in normal ways.

Lularoe is the MLM stretchy pants. They are sold by MOM BOSSES

lularoe is specifically named to be confused for lululemon without too much lawsuit surface area

(they have lawsuit surface area anyhow)

therobit
Aug 19, 2008

EVERYTHING I TYPE IS UTTERLY WORTHLESS


canyoneer posted:

Whoa whoa whoa, get your brands straight.
Lululemon is really expensive yoga pants/activewear for the pilates and ski holiday crowd. They are sold in normal stores in normal ways.

Lularoe is the MLM stretchy pants. They are sold by MOM BOSSES

What about Lula Desilva?

My apologies for the mixup. Although, I wish people would understand that leggings aren't pants, regardless of brand or sales channel.

smug jeebus
Oct 26, 2008


Youth Decay posted:


https://www.simplisticallyliving.com/5-things-to-do-if-you-are-in-lularoe-jail/
#5 is the best one.

From that same splog:
https://www.simplisticallyliving.com/ways-to-fund-lularoe-onboarding/

Ah yes, you don't want to take out a business loan because then you'd have to act like an actual business.

Her name is loving Brittanie Pyper

SpelledBackwards
Jan 7, 2001

I found this image on the Internet, perhaps you've heard of it? It's been around for a while I hear.



bob dobbs is dead posted:

lularoe is specifically named to be confused for lululemon without too much lawsuit surface area

(they have lawsuit surface area anyhow)

But that surface area is patterned to make you look FABULOUS, girl!

Jack2142
Jul 17, 2014

Shitposting in Seattle



StuG Jeebus posted:

Her name is loving Brittanie Pyper

:thermidor:

blackmet
Aug 5, 2006

I believe there is a universal Truth to the process of doing things right (Not that I have any idea what that actually means).

My Facebook feed is currently covered in posts for an online Pampered Chef party my friend threw for her sister, asking me to join the group and get a free prize. I have no idea how this works, nor do I want to.

Despite not joining, I do see the comments. Outside of my friend and her sister, one other person actually showed up, mostly because she spends a week every year at her house for free and probably SHOULD buy something.

Another friend would post chocolate parties and get mad that nobody would RSVP. I think she dropped me after marrying some homophobic Russian guy.

Ashcans
Jan 2, 2006

Let's do the space-time warp again!



On the other hand, now all this guy needs is a couple pieces of appropriate clothing, and he can just put on the lovely jewelry and run this scam on someone else to recover his money!

Nocheez
Sep 5, 2000

Can you spare a little cheddar?


Nap Ghost

Propaniac posted:

I was gullibly scammed out of $1400
I got home and noticed the Rolex had a word misspelled on its face. The word was "certifiad".


:laugh:

Ur Getting Fatter
Jun 9, 2007

Fast Food Fight



Grimey Drawer

Um, clearly the GWM approach is to sell the scam method to other people and create your own middle eastern mlm scam.

You can call it IslamaRoe and your sellers can be called Prophets.

crazypeltast52
May 5, 2010




Regrettably english uses prophetic instead of prophetable.

Midjack
Dec 24, 2007





crazypeltast52 posted:

Regrettably english uses prophetic instead of prophetable.

Net Prophet, Quarterly Prophet, etc. QP was a poster here who chose to end his own life several years ago, though.

Spokes
Jan 9, 2010

Thanks for a MONSTER of an avatar, Awful Survivor Mods!

certifyad rolex

Lockback
Sep 2, 2006

All days are nights to see till I see thee; and nights bright days when dreams do show me thee.


Help! Is this a scam?!

https://www.reddit.com/r/personalfinance/comments/9sfur8/help_is_this_a_scam/

quote:

So I was talking to this guy online and he wanted to start a relationship. I thought sure why not. And then next thing I know is he is asking me to create a bank account so he can put his inheritance money in there. Iím pretty sure heís asking me to be a money mule. I made a mistake and already created the bank account but havenít given him any details. Can someone help me out with this?

Seems legit.

Splicer
Oct 16, 2006

from hell's heart I stab at thee

How do you make a bank account by mistake.

"Whoops, I spilled a bunch of ink on these forms in the shape of my personal information and then the wind blew the whole thing into my local bank. Again!"

GoGoGadgetChris
Mar 18, 2010


Bad Dog

Splicer posted:

How do you make a bank account by mistake.



When I was a teller at Wells Fargo, it was strongly encouraged

StormDrain
May 22, 2003

Thirteen Letter


Splicer posted:

How do you make a bank account by mistake.

"Whoops, I spilled a bunch of ink on these forms in the shape of my personal information and then the wind blew the whole thing into my local bank. Again!"

Lol but more like Iím already loving up and started before the light went off. I made a mistake vs by mistake.

CitizenKain
May 27, 2001

That was Gary Cooper, asshole.



Nap Ghost

Splicer posted:

How do you make a bank account by mistake.

"Whoops, I spilled a bunch of ink on these forms in the shape of my personal information and then the wind blew the whole thing into my local bank. Again!"

I bet the new accounts person has been trying to talk them out of this when they found out why. Its just sinking through.

Talking to people who work at bank branches, apparently it is pretty routine to see someone come in to do something similar. Occasionally it works, someone finally gets a little bit of sense drilled into their brain and they realize what is happening. Still others refuse to listen.

Ixian
Oct 9, 2001

Many machines on Ix....new machines

Pillbug

blackmet posted:

My Facebook feed is currently covered in posts for an online Pampered Chef party my friend threw for her sister, asking me to join the group and get a free prize. I have no idea how this works, nor do I want to.

Despite not joining, I do see the comments. Outside of my friend and her sister, one other person actually showed up, mostly because she spends a week every year at her house for free and probably SHOULD buy something.

Another friend would post chocolate parties and get mad that nobody would RSVP. I think she dropped me after marrying some homophobic Russian guy.


My wife's feed is wall to wall Mom Bosses doing Rodan+Fields, which appears to be the new Mary Kay among MLMs (only it's totally legit see, it's run by actual doctors and scientists who wear white coats!).

I don't know what the particular hook for this one is and don't want to but Jesus it has been spreading like a plague for a while now. My wife's flat out stopped talking to a real life friend because they kept messaging her on Facebook to take a free, quick survey (I assume that's the first try at the hook) and apparently they are coached that a polite "no thanks" is no excuse to stop trying.

therobit
Aug 19, 2008

EVERYTHING I TYPE IS UTTERLY WORTHLESS


I think there are kind of levels to how spammy an MLM is though. Mary Kay is an actual product that people buy, and it is possible for the sales rep to make a living selling the product. Cutco is also about selling a product, it just isn't a great product and is overpriced (don't tell that to the working class folks in my hometown though, they all paid to much for it and love it). Then you have Amway, Meleluca, etc where they tell you to make money by making more sales reps. Those are what I think of when we talk about MLM scams.

It's sad too. My wife at one point wanted to write a book about MLMs when she noticed every stay at home mom she knew was doing them, so she signed up with Meleluca to learn about it. We actually liked the products but they were ridiculously overpriced. If they focused on making a good product asks selling through retail channels they would have something. The stain spray worked better than Spray and Wash or Shout.

In the end my wife could not bring herself to lie to all her relatives to sign them up for a scam and abandoned the project.

My mother had been biting her tongue the whole time and was relieved when my wife explained that she'd never actually believed she would make money at it. Mom had bought a couple hundred dollars worth of poo poo she didn't want just to be supportive and because she is too polite to say no.

therobit fucked around with this message at 14:37 on Oct 30, 2018

therobit
Aug 19, 2008

EVERYTHING I TYPE IS UTTERLY WORTHLESS


CitizenKain posted:

I bet the new accounts person has been trying to talk them out of this when they found out why. Its just sinking through.

Talking to people who work at bank branches, apparently it is pretty routine to see someone come in to do something similar. Occasionally it works, someone finally gets a little bit of sense drilled into their brain and they realize what is happening. Still others refuse to listen.

Having worked in bank branches, if we figure out what is going on we will refuse to open the account. New accounts are worthless to us if we rake a loss due to fraud. I have had to say the words "We are not a clearing house for fraudulent checks" mores times than one would think reasonable. When you tell these people it is a scam they still want to go through with it because they think they will somehow beat the system and make money off of it.

DrAlexanderTobacco
Jun 11, 2012

Help me find my true dharma


INITIATIVE Q has started popping up on my facebook feed from friends wanting to "cash in" on this "opportunity".

I'm not even gonna explain further, please enjoy reading the website.

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bob dobbs is dead
Oct 8, 2017

I love peeps

Nap Ghost

DrAlexanderTobacco posted:

INITIATIVE Q has started popping up on my facebook feed from friends wanting to "cash in" on this "opportunity".

I'm not even gonna explain further, please enjoy reading the website.

divabot wrote it up on his site, talked about it in the yospos buttcoin thread

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