Thursday, May 12, 2005

The PayPal Killer has a Ralphs mailbox!

So in case you haven't heard there is this new "company" out of San Diego that claims they are going to be bigger than PayPal. They are using a referral system to sign up members enticing everyone with $25+ non-cash bonuses. At some point you have to link your checking account and give them $100 in order to "access" the bonuses. *cough*cough* You can find out all about it if you Google them. You will also find out why it's so controversial - the background of some of its insiders is ...less than stellar *cough*cough* :-)

Some of the exciting things about this new exciting company that were brought up in the interview are:
  • The company mailing address is a POBox at a Postal Annex at a Ralph's Grocery Store (Watch out PayPal!) - This is in Part3.MP3. You MUST listen to it!
  • They don't appear to be listed with the Secretary of State (California) * cough * cough *
  • They don't seem to have the appropriate financial licenses to be handling and storing other people's money * cough * cough *

    The president of the "company" was interviewed by EauctionAir.com:
    It's a two part interview in MP3 format:
    http://diamond.he.net/%7Eauction1/upload/audio/Show_042405_Part2.mp3
    http://diamond.he.net/%7Eauction1/upload/audio/Show_042405_Part3.mp3
    http://www.eauctionair.com/archive.php

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