If Steorn was operating a scam, why have they not been charged?
Harry On Fri, Nov 11, 2011 at 8:55 PM, Mary Yugo <[email protected]> wrote: > > On Fri, Nov 11, 2011 at 5:06 PM, Aussie Guy E-Cat < > [email protected]> wrote: > >> Nice to see the web site is registered to Rossi but what the heck does >> the validity of the E-Cat have to do with the software that was used to >> create the web site or who the web site was created by or who it is >> administered by? >> > > I agree, very little. But it's unlikely that a prosperous and > sophisticated company would do it that way, that's all. > > >> I suggest the sales and payment conditions has just totally taken the >> wind out of the sails of all the scam / fraud group. >> > > Oh, Gee! Not at all. A common form of scam is to take money somewhere > near the start from secret investors who sign an NDA so they can't talk or > write on public forums. The NDA is usually extremely broad in scope and if > someone hints at breaking it, all sorts of threats of law suits begin. > > Meanwhile, the perpetrators buy an ad or two or do a web page or other > introduction, have news releases and press conferences, and announce a new > company that promises all sorts of wonders. They usually have some sort of > photo op and maybe a carefully contrived demonstration that believers can > sop up but which really proves nothing. The next step is to announce that > a lot of the proceeds will go to charity. Blogs sprout up praising the > device and fantasizing what will happen in the future when it is widely > adopted. Skeptics are scorned and insulted and eventually banned from > enthusiast sites. Then, the scammer says they won't be taking investment > money now. Maybe in the future they'll go public but they're doing this > "on their own". The secret investors aren't mentioned and they can't say a > peep due to their NDA. They also don't want to jeopardize success and > future profits. Some are simply too embarrassed to speak. > > Customers are announced but somehow they're never produced. Test are > declined if they're too definitive. Hey, they'd reveal too many trade > secrets. Patents? "Sometimes it's no, sometimes it's yes, it just > couldn't matter less" (from Gigi, 1958, IMDB). > > Along the way, more secret investors may be picked up. The investment > amount can get really large -- Steorn so far has been $21 million Euros. > The money is spent or squirreled away. It can go on for years with no > product, no proper testing and no customers who can verify that the product > is real. > > That's the quick version. Is that what Rossi is? In my mind, he fits the > script but he's more daring about demos than most --but who knows? The > more time goes by between the customer announcement and some credible souls > vouching for a bona fide sale and of course a proper test -- the longer it > takes, the more likely it's a scam. Nine months and counting now. > > You think people are too sophisticated to give money to scammers? You > must read different news articles than I do. > > >
