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Message
re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse
Posted on 9/5/13 at 9:53 am to Meauxjeaux
Posted on 9/5/13 at 9:53 am to Meauxjeaux
quote:
When can they get their $100k back and stop getting the gift cards?
They can't - they bought a "gift card" annuity, I would assume.
I'm wondering if the guy isn't faking the prepaid cards - surely he would have gotten caught by now, huh? Or, he has found some exploit with a prepaid program that somebody hasn't figured out yet - maybe an extended promotion.
1
Posted on 9/5/13 at 10:13 am to Ace Midnight
quote:
I'm wondering if the guy isn't faking the prepaid cards - surely he would have gotten caught by now, huh? Or, he has found some exploit with a prepaid program that somebody hasn't figured out yet - maybe an extended promotion.
I might be wrong, but from what I understand about the gift card industry is that there are discounts offered to bulk purchasers. So, for instance, if you buy a shite-ton of $20 Red Lobster gift cards you can get them for like $15 each.
I don't know if the Visa gift cards work in a similar manner or not.
But this is basically how companies like Gyft.com make their money.
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