The Boston Diaries

The ongoing saga of a programmer who doesn't live in Boston, nor does he even like Boston, but yet named his weblog/journal “The Boston Diaries.”

Go figure.

Sunday, September 30, 2007

The Overnight Millionaire

Bunny recently received an 88 page booklet in the mail called The Overnight Millionaire by Russ Dalbey, which outlines three easy steps to making money hand-over-fist.

I scanned through the 88 page booklet. It's not until page 13 that Mr. Dalbey mentions what the scam plan is based upon—the “Cash Flow Note” business. It's basically matching sellers of “notes” (read: mortgage), who're currently receiving monthly payments (say, on a house) but want to cash out, to buyers of “notes,” investors who want a steady stream of monthly income.

So the “three easy steps” are (starting on page 37):

  1. Find note sellers.
  2. Find note buyers.
  3. Introduce the two, getting a cut of the action.


But then again, so is writing a metasearch engine.

Amusingly enough, as of today, the top result in Google for “The Overnight Millionaire Russ Dalbey” is Russ Dalbey—Winning in the Cash Flow Business Complaints.


It's amazing that in the age of Google scam artists can remain in business.

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