How to start a pyramid scheme and get rich ripping people off. And it’s all legal!
“What’s gone from the internet, after all, isn’t ‘truth,’ but trust: the sense that the people and things we encounter are what they represent themselves to be.” [Max Read] nymag.com
Writer/academic Jenny Odell has been looking into scammy businesses for years. “Now, Odell has stumbled into a much weirder, much scammier, much murkier world, when she started investigating the parents of one of her Stanford students were receiving a steady stream of mysterious packages addressed to ‘Returns Department, Valley Fountain LLC.’ The packages tie to thousands of Amazon stores selling overpriced of-brand gadgets, a network of fake bookstores that mostly sold more crappy gadgets, a religious cult that bought Newsweek – yes, that Newsweek – which was raided by police for financial hijinks revealed by its own reporters, a religious university and the International Business Times, and more than one criminal indictment.
I read Cory’s blog post and Odell’s original New York Times article and I still can’t make sense of it. Interesting story, nonetheless. As Cory notes: ” … someone is making a lot of money, somehow — giant Manahattan department stores don’t come cheap!”