Imagine being a real hosting company and trying to get capital, but a fake one actully gets 2.7 Million.. :)



http://thewhir.com/features/webhostscam.cfm

This is interesting, mostly because I myself almost go got into trouble with this company by almost sending my server there since they were the first to introduce a real affordable colo deal ($30/U and $3.5/GB). I came across to this forum when I first discovered some people compalining about them ... Turns out, this company was fraud ... Thanks to this forum, I did not go with them .... :)

woa ... did not know that much fraud money was involved!

cheers,
:beer:

I don't understand much about capital market but these kind of scam will create bad image of industry on whole. specially in this recession time.

WOW :eek:

Things like that make me sick. Why can't people be honest? Here I am trying to make an honest living... I mean I would probably do better (in terms of money) if I were to launch some sort of scam, thanks to all the scams out there. We (as an internet society) need to find a way to filter out the scams from the people. Some sort of internet BBB that really works... I think there is some sort of internet BBB out there...

Originally posted by mahinder
specially in this recession time.

Is it?

Originally posted by Walter


Is it?

There is a big recession going on :)

Not the mom and pop shops, but the major players are laying off thousands of employees, from gateway to aol to att.,

it`s pretty bad.

Maybe this should be a new thread, but I think many recessions started because people thought there will be a recession and slowed their business.

Originally posted by dektong
Thanks to this forum, I did not go with them .... :)

I went with them :bawling:

I will never forget whhq.net :angry:

So that's the infamous whhq.net I always seen ads in computer mags....

I'm glad I never went with them....

Originally posted by William
Imagine being a real hosting company and trying to get capital, but a fake one actully gets 2.7 Million.. :)

Yes, but that was at the height of dot-com mania. You could get money for anything in those days ... as I can personally attest, having been cold-called by a venture capitalist trying to give me money to start a venture which I had stated numerous times "had no possibility of being profitable in the next give years". (I turned him down, by the way; $5M in VC is incompatible with doing a DPhil, and my academics took priority.)

My family and I always go out to eat (we dont like to grocery shop :D ) at various restaraunts (fast food sometimes). The restraunts are always packed. I'm always thinking to myself "If this is a recession, I'm gonna love it when we arent in a recession.

Then again, Texas has a self sufficient economy - especially Houston, so I probably have no clue what it's like elsewhere.

Is there really all that bad of a slump, or is it just Government and big biz hype?