View New Posts
  1. #1

    Talking 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

  2. #2

  3. #3

  4. #4

    Default

    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.

  5. #5

    Default

    Quote Originally Posted by ChuteBoxe View Post
    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.

Top