This is a free excerpt from the book: “Scam Secrets”

This guy pops up on a TV infomercial late at night. He’s got a great story of how he easily made millions of dollars in only a few months in a spare room of his apartment. And it’s so easy anyone can do it!

He discovered that the cosmetic industry consumes vast quantities of a substance that only occurs in curdled milk. Unfortunately, they can’t mass produce this stuff so must rely on private individuals to produce it for them and are willing to pay big time for very small quantities.

All you have to do is take good old 2% milk you get from your supermarket, pour a single teaspoon into each compartment of a plastic ice-cube tray, drop in a few grains of a culture medium, sit it somewhere and wait two or three days for it to curdle. When it’s done you put the curdled milk in a neat little plastic bottle attached to a preaddressed postcard and mail it in.

For each dollop of curdled milk you send in, you get back a check for $40. Not bad, at this rate a single ice cube tray could generate almost a thousand bucks each week! Ten trays, which you could easily handle, would do almost ten grand a week and if you used your entire spare bedroom you could make - you get the idea.

All you need to get started is their nifty “Starter kit” which contains a bunch of the postcards and the magical culture medium powder. And what does the key to all this vast wealth cost - a mere $99.95!

This guy was so good that MCI complained that he was causing technical problems on their phone lines because he pitched his suckers for over 20 minutes before he finally flashed up his 800 number. When the number hit the screen, so many people on the east coast dialed the number at the same time that the entire phone system jammed up! And this happened at 3am on a weekday morning!

The first time I saw this ad I immediately knew it was a phony. I worked in a brewery some years back and remember these huge vats a hundred feet long and twenty feet high where they fermented the beer.

Though I know very little about chemistry, I do know that whatever you can do in an ice-cube tray a chemist can do in a huge vat.

And even if they were buying the stuff, why would they pay more than starvation wage for it? I’m sure you could find lots of people who would make it and send it in for $2 a pop. And what about quality control? Would a reputable cosmetic company risk their good name by buying raw materials from unknown sources? I don’t think so.

Thousands sent in their money despite their doubts. Once again, the scam artist used greed to override common sense.

Next free extract - Sticker Price Scam

Get the insider information on the latest scams and protect yourself now!