Moon Equity Holdings Corp (MONI)

[Steve White]

The stock is dead with this CEO, he just got busted again.
Cyber-Thingy, Inc.’s primary business consists of the placement of internet access kiosks and the sale of multi-media advertising space for each kiosk
http://cyber-thingy.com/


Conartist revealing Kiosk type Scams

the Con


Quote:
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The particular scam here was an Internet-kiosk business opportunity. We'd been running TV ads claiming that investors could make thousands of dollars from computer kiosks placed in high-traffic areas like airports and shopping malls. For a small fee, passersby could use these kiosks to check their email or surf the Web. Back in the early 2000s this was a hot idea. We told people they could earn a minimum of $30,000 to $35,000 per machine each year. This was pure baloney — the machines didn't generate anything close to that kind of income. And we sold them at huge markups. We took in $17 million from 700 unwary investors in about eight months. At least 100 employees were in the building at the time of the raid, including secretaries and other clerical staff. A lot of them didn't even know that the business was a fraud.

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http://www.aarp.org/money/scams-fraud/info-09-2012/confessions-of-a-con-artist.html