One Year Later, Zer01 Web Site Disappears 155
alphadogg writes "Zer01 Mobile — making promises of flat rate, no contract, unlimited cell phone service — made its grand entrance at the annual CTIA wireless convention about a year ago, but now the company's Web site has disappeared. The site recently began redirecting visitors to Google.com. Zer01, which was lauded for its plans in the mainstream press, aligned itself with a multilevel marketing company called Global Verge (whose founder had earlier been convicted of securities fraud), and the two companies began recruiting salespeople who paid a monthly fee to be part of a sales program. (Since then, Global Verge and Zer01 parted ways and Global Verge filed a lawsuit against its former partner.) But no mobile service from Zer01 ever materialized. Salespeople were promised payment based on how many other salespeople they signed up to the program, although few appear to have received payment. But as late as the fall CTIA show in October, Zer01's CEO was still promising to launch the mobile service."
could it be? (Score:4, Funny)
Salespeople were promised payment based on how many other salespeople they signed up to the program.
And were those other people promised payment based on how many others they signed up? Was the payment structure a hierarchical top down system like a pyramid?
Re:When will people learn (Score:4, Funny)
Most people are bad at math and logical reasoning.
Compared to what? The average person? That's impossible. The top 5% of people at math and logical reasoning? Well, they would be by definition. Compared with the level of math proficiency and logical reasoning -you- think they should be at? If that's the case, I'd argue you have unrealistic expectations. Compared to you?
Re:A fool and his money... (Score:3, Funny)
If the government was to use scams instead of tax, it could be funded completely by fools! ...Then I realised this is already the case.
Re:MLM Scam strikes again? (Score:3, Funny)
Re:When will people learn (Score:3, Funny)
"Most people are worse at math than..." what?
A horse that can count to three with his hoof? Well, it is his left hoof, and we all know left hoofedness is a sign of intelligence.
Re:The human condition... (Score:3, Funny)
I'd love to hear the slashdotian woman's perspective,
And then you'll get the perspective of Santa Claus and the Easter Bunny, right?