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Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

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Rich Murray-2

Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

from	Mary Yugo [hidden email]
reply-to		[hidden email]
to		[hidden email]
date		Fri, Nov 11, 2011 at 5:55 PM
subject		Re: [Vo]:Rossi E-Cat web site up

On Fri, Nov 11, 2011 at 5:06 PM, Aussie Guy E-Cat <[hidden email]> wrote:

Nice to see the web site is registered to Rossi but what the heck does the validity of the E-Cat have to do with the software that was used to create the web site or who the web site was created by or who it is administered by?

I agree, very little. But it's unlikely that a prosperous and sophisticated company would do it that way, that's all.

I suggest the sales and payment conditions has just totally taken the wind out of the sails of all the scam / fraud group.

Oh, Gee! Not at all. A common form of scam is to take money somewhere near the start from secret investors who sign an NDA so they can't talk or write on public forums. The NDA is usually extremely broad in scope and if someone hints at breaking it, all sorts of threats of law suits begin.

Meanwhile, the perpetrators buy an ad or two or do a web page or other introduction, have news releases and press conferences, and announce a new company that promises all sorts of wonders. They usually have some sort of photo op and maybe a carefully contrived demonstration that believers can sop up but which really proves nothing. The next step is to announce that a lot of the proceeds will go to charity. Blogs sprout up praising the device and fantasizing what will happen in the future when it is widely adopted. Skeptics are scorned and insulted and eventually banned from enthusiast sites. Then, the scammer says they won't be taking investment money now. Maybe in the future they'll go public but they're doing this "on their own". The secret investors aren't mentioned and they can't say a peep due to their NDA. They also don't want to jeopardize success and future profits. Some are simply too embarrassed to speak.

Customers are announced but somehow they're never produced. Test are declined if they're too definitive. Hey, they'd reveal too many trade secrets. Patents? "Sometimes it's no, sometimes it's yes, it just couldn't matter less" (from Gigi, 1958, IMDB).

Along the way, more secret investors may be picked up. The investment amount can get really large -- Steorn so far has been $21 million Euros. The money is spent or squirreled away. It can go on for years with no product, no proper testing and no customers who can verify that the product is real.

That's the quick version. Is that what Rossi is? In my mind, he fits the script but he's more daring about demos than most -- but who knows? The more time goes by between the customer announcement and some credible souls vouching for a bona fide sale and of course a proper test -- the longer it takes, the more likely it's a scam. Nine months and counting now.

You think people are too sophisticated to give money to scammers? You must read different news articles than I do.

Rich Murray

[hidden email]

505-819-7388

rich.murray11 Skype audio, video

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
lectures, archives, unsubscribe, maps at http://www.friam.org

Rich Murray-2

Re: Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

new website starts for Rossi device: Rich Murray 2011.11.11

http://peswiki.com/index.php/News

Rich Murray
[hidden email]

<a href="tel:505-819-7388" value="+15058197388" target="_blank">505-819-7388
rich.murray11 Skype audio, video

Sarbajit Roy (testing)

Re: Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

In reply to this post by Rich Murray-2

">You think people are too sophisticated to give money to scammers? You >must read different news articles than I do."

http://www.blongerbros.com/gang/rag.asp

On Sat, Nov 12, 2011 at 9:24 AM, Rich Murray <[hidden email]> wrote:

Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

from
Mary Yugo [hidden email]
reply-to [hidden email]

to [hidden email]

date Fri, Nov 11, 2011 at 5:55 PM
subject Re: [Vo]:Rossi E-Cat web site up

On Fri, Nov 11, 2011 at 5:06 PM, Aussie Guy E-Cat <[hidden email]> wrote:

Nice to see the web site is registered to Rossi but what the heck does the validity of the E-Cat have to do with the software that was used to create the web site or who the web site was created by or who it is administered by?

I agree, very little. But it's unlikely that a prosperous and sophisticated company would do it that way, that's all.

I suggest the sales and payment conditions has just totally taken the wind out of the sails of all the scam / fraud group.

Oh, Gee! Not at all. A common form of scam is to take money somewhere near the start from secret investors who sign an NDA so they can't talk or write on public forums. The NDA is usually extremely broad in scope and if someone hints at breaking it, all sorts of threats of law suits begin.

Meanwhile, the perpetrators buy an ad or two or do a web page or other introduction, have news releases and press conferences, and announce a new company that promises all sorts of wonders. They usually have some sort of photo op and maybe a carefully contrived demonstration that believers can sop up but which really proves nothing. The next step is to announce that a lot of the proceeds will go to charity. Blogs sprout up praising the device and fantasizing what will happen in the future when it is widely adopted. Skeptics are scorned and insulted and eventually banned from enthusiast sites. Then, the scammer says they won't be taking investment money now. Maybe in the future they'll go public but they're doing this "on their own". The secret investors aren't mentioned and they can't say a peep due to their NDA. They also don't want to jeopardize success and future profits. Some are simply too embarrassed to speak.

Customers are announced but somehow they're never produced. Test are declined if they're too definitive. Hey, they'd reveal too many trade secrets. Patents? "Sometimes it's no, sometimes it's yes, it just couldn't matter less" (from Gigi, 1958, IMDB).

Along the way, more secret investors may be picked up. The investment amount can get really large -- Steorn so far has been $21 million Euros. The money is spent or squirreled away. It can go on for years with no product, no proper testing and no customers who can verify that the product is real.

That's the quick version. Is that what Rossi is? In my mind, he fits the script but he's more daring about demos than most -- but who knows? The more time goes by between the customer announcement and some credible souls vouching for a bona fide sale and of course a proper test -- the longer it takes, the more likely it's a scam. Nine months and counting now.

You think people are too sophisticated to give money to scammers? You must read different news articles than I do.

Rich Murray
[hidden email]

505-819-7388
rich.murray11 Skype audio, video

Rich Murray-2

Re: Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

Thanks for vivid details about how an intricate stock market scam worked in the 1920's.

I never would have imagined such organization and attention to details.

On Sat, Nov 12, 2011 at 8:03 AM, Sarbajit Roy <[hidden email]> wrote:

">You think people are too sophisticated to give money to scammers? You must read different news articles than I do."

http://www.blongerbros.com/gang/rag.asp

On Sat, Nov 12, 2011 at 9:24 AM, Rich Murray <[hidden email]> wrote:

Mary Yugo lays out how a typical new energy device scam works: Rich Murray 2011.11.11

from
Mary Yugo [hidden email]
reply-to [hidden email]

to [hidden email]

date Fri, Nov 11, 2011 at 5:55 PM
subject Re: [Vo]:Rossi E-Cat web site up

On Fri, Nov 11, 2011 at 5:06 PM, Aussie Guy E-Cat <[hidden email]> wrote:

Nice to see the web site is registered to Rossi but what the heck does the validity of the E-Cat have to do with the software that was used to create the web site or who the web site was created by or who it is administered by?

I agree, very little. But it's unlikely that a prosperous and sophisticated company would do it that way, that's all.

I suggest the sales and payment conditions has just totally taken the wind out of the sails of all the scam / fraud group.

Oh, Gee! Not at all. A common form of scam is to take money somewhere near the start from secret investors who sign an NDA so they can't talk or write on public forums. The NDA is usually extremely broad in scope and if someone hints at breaking it, all sorts of threats of law suits begin.

Meanwhile, the perpetrators buy an ad or two or do a web page or other introduction, have news releases and press conferences, and announce a new company that promises all sorts of wonders. They usually have some sort of photo op and maybe a carefully contrived demonstration that believers can sop up but which really proves nothing. The next step is to announce that a lot of the proceeds will go to charity. Blogs sprout up praising the device and fantasizing what will happen in the future when it is widely adopted. Skeptics are scorned and insulted and eventually banned from enthusiast sites. Then, the scammer says they won't be taking investment money now. Maybe in the future they'll go public but they're doing this "on their own". The secret investors aren't mentioned and they can't say a peep due to their NDA. They also don't want to jeopardize success and future profits. Some are simply too embarrassed to speak.

Customers are announced but somehow they're never produced. Test are declined if they're too definitive. Hey, they'd reveal too many trade secrets. Patents? "Sometimes it's no, sometimes it's yes, it just couldn't matter less" (from Gigi, 1958, IMDB).

Along the way, more secret investors may be picked up. The investment amount can get really large -- Steorn so far has been $21 million Euros. The money is spent or squirreled away. It can go on for years with no product, no proper testing and no customers who can verify that the product is real.

That's the quick version. Is that what Rossi is? In my mind, he fits the script but he's more daring about demos than most -- but who knows? The more time goes by between the customer announcement and some credible souls vouching for a bona fide sale and of course a proper test -- the longer it takes, the more likely it's a scam. Nine months and counting now.

You think people are too sophisticated to give money to scammers? You must read different news articles than I do.

Rich Murray
[hidden email]

<a href="tel:505-819-7388" value="+15058197388" target="_blank">505-819-7388
rich.murray11 Skype audio, video

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
lectures, archives, unsubscribe, maps at http://www.friam.org