I got a profitable business model, looking for investors

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  • pico
    BARRELED IN @ SBR!
    • 04-05-07
    • 27321

    #1
    I got a profitable business model, looking for investors
    i think you can buy personal info by bulk for 10 dollars a person. create like 1000 accounts, cash out the winners.

    sounds like a pretty profitable business model.

    here is the math: assume you bet at random, with conservative estimate, 40% of your accounts should hit above 400. your total investment is 1000*10=10,000. your potential profit will be $400*400 = $160,000...this is rather conservative because $400 is the minimum for cashing out, so your porfit should be at least $160k.

    that give you the baseline profit of $150k. of course you can't create 1000 accounts at once, so it'll take couple of months before you use up all your personal info.

    ROI: 1500%+

    anyone want to invest
  • purecarnagge
    SBR MVP
    • 10-05-07
    • 4843

    #2
    your math is totally screwed...
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    • BeatTheJerk
      BARRELED IN @ SBR!
      • 08-19-07
      • 31794

      #3
      fuzzy i might add
      Comment
      • ChuteBoxe
        SBR Hall of Famer
        • 11-21-07
        • 6885

        #4
        Not a bad idea, but 1000 counts of federal fraud (if they really want to hammer you) = 1000 years in jail. I can think of way better ideas to make $160,000, with way less jail time.
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        • pico
          BARRELED IN @ SBR!
          • 04-05-07
          • 27321

          #5
          Originally posted by ChuteBoxe
          Not a bad idea, but 1000 counts of federal fraud (if they really want to hammer you) = 1000 years in jail. I can think of way better ideas to make $160,000, with way less jail time.
          this brings up a good question. it really depends on whether an illegal credit shop can bring up fraud charges against you in US courts.
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