Thursday, February 24, 2005

A Bridge in Brooklyn

Shades of "hot" stock tips, Nigerian bankers, and waterfront property in Florida.

Last night's news story sang a familiar tune, this time focusing on a real estate setup. A company by the name of First Frontier Corporation is marketing, via the Internet, investment property in the purportedly swanky digs of Fairfield Glenn, Tennessee.

Surprise, surprise, this "can't miss opportunity" yields relatively worthless land. Federal Way, WA resident John LeLoup complains loudly that he was duped! He didn't worry he was buying sight unseen from a telemarketer. "The man on the phone said it was a moneymaker and that I would double my money within five or six months." With little to show for his exertion, Mr. LeLoup instead turned his worthless investment into his fifteen minutes. On local news no less! Still a poor return.

Frankly I cannot feel the requisite pity for Mt. LeLoup that the story demands. Or for any other such "victims". The unifying and common factor in each and every successful scam can be summed up with a single word. G-R-E-E-D.

Now don't get me wrong, I like greed. I'm all for it! It's what keeps us all working. But really folks, can we ever expect to receive something for nothing? Do you truly believe that can happen? Sadly quite a few do, and therein lies the problem. The only people who can (and will) fall prey to these schemes are those who actually believe that they can get something for nothing.

Paradoxically, it is the salesperson in the transaction that ultimately achieves this nearly impossible goal.


sooray said...

BRAVO! Well done, old chap! The first guest posting to my (our) blog, and a first rate entry at that! Here's to many more!

Anonymous said...

How dare you express glee over the misfortunes of others! What about the athletes making millions a year? What about the lottery?? Does this man deserve less?????!!!!!

Anonymous said...

Thanks for the tip!!! How do I get in on this action (or is it too late)?

Flyboy said...


I do dare, and express not glee, but dismay. Athletes work for their money in a society that values their product accordingly. As for the lottery, there he would have at least a chance of success. We all deserve to reap what we sow.

Thanks for your comments,