Hoax Museum Blog: Business/Finance

The Nike Swoosh — Was the Nike Swoosh (which is perhaps one of the most famous corporate logos in the world, second only to McDonald's golden arches) really designed by a graphic design student who got paid only $35 for it? It sounds like an urban legend playing off of Nike's use of cheap Asian sweatshop labor. But apparently the story is true. At least, the Nike website confirms it. The swoosh was designed in 1971 by design student Carolyn Davidson, and she did only receive $35 for it. However, in 1983 the company gave her a gift of stock as a token of their appreciation.

Sonic Stain Remover — Would this thing actually work? It's described as an ultrasonic stain remover that "will remove virtually any clothing stain, no matter how stubborn." The fact that the ad copy keeps repeating the phrase 'utilizes ultrasonic technology' without actually explaining how or why it's supposed to work makes me skeptical. I guess the ultrasonic sound waves are somehow supposed to break up stain particles? If it did work as advertised, it would be useful. (via Red Ferret)

Credit Card Prank, Parts I and II — Zug's Credit Card Prank was widely linked to a few years ago. This is the prank as he describes it: Every time you make a credit card purchase, they're supposed to match your signature against the one on the back of your card. Nobody seems to check anymore, so I tried to see how far I could push it with wacky signatures like "Mariah Carey" and "Zeus". Now Zug has posted a sequel to the Credit Card Prank in which he makes his signatures even wackier and tries to discover what he can get away with. He draws pictures of Shamu, diagrams of the large intestines, and musical notes. They're all happily accepted.

Zug's prank is amusing, but I think the reality is that signing the card and receipt only secondarily serve the purpose of verifying your identity. The primary purpose of the signatures is to demonstrate that you've agreed to the terms of the contract with the credit card company. As long as you sign something (doesn't really matter what it is), the credit card company can say that you've acknowledged and agreed to the terms of the contract, and therefore you have to pay them back. I found this out a couple of years ago when I got into an argument with a post-office employee who refused to take my credit card that had 'See ID' written on the back of it. Turned out that the post-office employee was in the right. If you haven't signed the back of the card, then technically you haven't finalized your contract with the credit card company, and the card shouldn't be accepted.

Social Security for Sale — 'Billionaires for Bush' placed the American Social Security System up for sale on eBay. Apparently it was quickly pulled, but Billionaires for Bush has archived the auction on their own site:

Due to the surprising failure of carefully staged "conversations" across America to convince the American Public that Privatizing Social Security is a good thing, we have decided to take matters into our own hands. As a favor to President Bush and offered exclusively here to the winning bidder who meets our reserve, (must be a private Brokerage Firm, see details below) Billionaires For Bush can't wait to pull the switch on retirement security by circumventing Congress, the Will of the People, and good sense. Why not cut right to the chase? Concurrent with White House Goals and the Cato Institute, we're AUCTIONING OFF SOCIAL SECURITY!

Is McDonalds Outsourcing their Drive-Thru Windows? — The rumor I heard was that McDonalds would be outsourcing the job of taking orders at the drive-thru window to some company in North Dakota, because the minimum wage in North Dakota is only $5.15, whereas it's higher in other states, so they figure they can save some money. In other words, you could be going through a drive-thru in San Diego and giving your order to some guy in North Dakota. This struck me as very odd. But it appears that the story is basically true, except that McDonalds denies that its reasons for doing this has anything to do with trying to pay their employees less. They claim that when employees have to take orders over the drive-thru mic and deliver food at the same time, they start making a lot of mistakes. So this is just an effort to make the system more efficient. Maybe. But I've read Fast Food Nation so I know that McDonalds is one of the worst companies in terms of underpaying their employees, and I'm guessing that they are hoping this will reduce labor costs.

The Money Blog Experiment — The Blog Experimenter, as he calls himself, is a "30-something guy living in the midwest United States." His experiment is to create a blog, put Google Ads on it, and see how much money he can make off the venture. Except he's really created two blogs. The first one is 'the money blog', which is the blog that is the subject of the experiment. The second is the 'blog money experiment', on which he chronicles his efforts to make money with the google-ad-driven 'money blog'. He doesn't tell you what the url of the money blog is, or what subject it covers. And from what he says, it doesn't appear to be attracting much of a following. His 'blog money experiment' blog, on the other hand, is attracting a big readership. So the question is: is there really a 'money blog', or is the 'blog money experiment' blog really the 'money blog'? (and how often can I fit the word 'blog' in a sentence?) I suspect that even if he does have a google-ad site somewhere, he knew from the start that the blog about creating a money-making blog would be the real attention-getter. So his plan is to slowly monetize the 'blog money experiment' blog. And sure enough, he has recently introduced Amazon affiliate links to it.

An Interview with Hiroshi Yamauchi — An interview with Hiroshi Yamauchi, former president of Nintendo, has been doing the rounds. It's supposedly published in the February issue of Wired. The interview is quite colorful, to say the least. For instance, at one point Yamauchi claims that during a meeting with Microsoft's Steve Ballmer he said to him, 'hey, Ballmer, why don't you suck my tiny yellow balls.' This was his response to Microsoft's offer to buy Nintendo. The quotation is offered up in bold letters in the sidebar, so there's no chance you'll miss it. There's also some other equally outrageous stuff. Is any of it real? No. It's a fake interview and a fake Wired magazine mock-up. Digit magazine has an article debunking it.
Update: Inquirer.net apparently thought the article was real.
Update 2: According to this article, Nintendo has officially confirmed that the interview is a hoax.

Salvation Army Gold Coin Mystery — A coin dropped into a Salvation Army kettle last week in Naperville has made headlines. It was a $400 gold coin wrapped in a $1 million bill (the $1 million bill was fake). This brings up the mystery of just who's behind this tradition of dropping gold coins into Salvation Army kettles. Apparently the tradition dates back to 1982, when a gold coin was dropped into a kettle in a Chicago suburb. Gold coins have shown up in kettles in many states ever since then. Some think the coins are donated by people who benefitted from the charity in the past. But others suspect it may all be a publicity stunt engineered by the Salvation Army itself. After all, news reports about the gold coins always seem to encourage more donations. I suppose it's a hoax for a good cause, if it is a hoax.

Overpriced Amazon Items — How much would you pay for a one-page pdf file discussing the delayed launch of Sony's PlayStation Portable in North America? What about $750. That's the price it's going for on Amazon. But maybe it's worth it, because it has received quite a few five-star reviews. For instance, D.C. McKinney says that it's "Definately a good read and well worth the price of admission! This gem of a find is a must for anyone with even the slightest bit of interest in delays in the world of Sony Electronics." (for some reason I suspect that some of the reviews are tongue-in-cheek). But if you do download the pamphlet and enjoy it, then you might want to check out its sequel, the one-page analysis of Sony's October 27 PlayStation Portable Japan launch announcement. This is selling for only $1500.

End of World Causes Bank Failure — Numerous bad loans to a polygamist sect that believes the end of the world is nigh has caused the 99-year-old Bank of Ephraim in Utah to go under. The Fundamentalist Church of Jesus Christ of Latter-day Saints (a small Mormon sect a small splinter sect of the Mormon church, unaffiliated with the main church) was spending money like the end of the world was around the corner... because they thought the end of the world actually was around the corner. And happily funding this spending spree was the Bank of Ephraim. They approved loans for one bizarre project after another: a watermelon farm that didn't grow watermelons, a construction company that made a loss on everything it sold (materials, labor). The bank liked giving loans to the end-of-world sect because the end-of-worlders readily agreed to outrageously high interest rates (Why not? If the world ends tomorrow you don't have to pay it back). I'm trying to imagine how the interview to assess credit worthiness might have gone:
-'So you're a member of a sect whose members have sworn an oath to borrow as much money as possible before the world ends and all financial markets collapse. Is that right?'
-'That's right.'
-'Sounds good. You're approved.'
I like the understatement of Utah Banking Supervisor Jim Thomas who simply notes that the bank got in too deep with sect members who "didn't have much to lose".

ATM Dispenses Fake Cash — When customers of the Canadian Imperial Bank of Commerce tried to withdraw cash from the bank's ATM, instead of money they received "colorful bills used as incentives at Canadian Tire Corp. hardware stores." So what do you do if an ATM gives you funny money instead of real bills? An article in the Charlotte Observer (requires obnoxious registration) gives this advice: "Don't walk or drive away from the teller window without checking the money first... Once you leave the teller, fake bills are your responsibility. If you're at an ATM, go into the bank and ask for a replacement... If the bank's closed, you're likely out of luck." Of course, if you do find yourself stuck with fake cash you could always try using it to buy pizza and soda at a school cafeteria, as these students did.

BBC Falls for Bhopal Hoax — The hoaxing of the BBC has now been all over the news. In case you haven't heard, on Friday the BBC broadcast an interview with a man claiming to be a representative of Dow Chemical, Jude Finisterra (is the guy's last name supposed to mean 'the end of the world'?). During the interview the man said that Dow had decided to accept full responsibility for the chemical disaster that killed thousands of people in Bhopal twenty years ago, and in addition it would pay $12 billion in compensation to the victims. The BBC broadcast the interview twice, causing Dow's stock value to promptly drop. Later that same day it became clear that the man wasn't a representative of Dow, and the BBC apologized for falling for a hoax. Though it tried to duck responsibility somewhat by claiming that it was the victim of an 'elaborate deception'. Was the deception really that elaborate? According to this NY Times article, the BBC was actually the one to make first contact with the hoaxers via a website that 'appeared to be Dow Chemical's web site'. So they fell for a hoax website. That's not that elaborate a deception. The man they interviewed was reportedly (in reality) Andy Bichlbaum of the Yes Men (a movie about them is currently in theatres).

Top 15 Most Bizarre Reasons for Calling in Sick — According to this press release from Career Builder, over one-third of U.S. workers take fake sickies (sick days when they're not really sick). Personally I think that number is too low. The real number should be closer to 90 or 100 percent, because I don't know anyone who hasn't taken a fake sick day at some point. But then again, maybe all my friends and family members are slackers. The same press release also offers the 15 most bizarre reasons that people have offered for taking a sick day:

• "I was sprayed by a skunk."


• "I tripped over my dog and was knocked unconscious."


• "My bus broke down and was held up by robbers."


• "I was arrested as a result of mistaken identity."


• "I forgot to come back to work after lunch."


• "I couldn't find my shoes."


• "I hurt myself bowling."


• "I was spit on by a venomous snake."


• "I totaled my wife's jeep in a collision with a cow."


• "A hitman was looking for me."


• "My curlers burned my hair and I had to go to the hairdresser."


• "I eloped."


• "My cat unplugged my alarm clock."


• "I had to be there for my husband's grand jury trial."


• "I had to ship my grandmother's bones to India." (note: she had passed away 20 years ago)

Phony Sold Signs — A British Real Estate Agency has been fined for placing phony 'sold' signs up outside the houses of its own employees. It's not quite clear to me what they gained by doing this. I assume it made them look like they were doing more business than they actually were. Still, it's odd to think that as you drive around a neighborhood and see all those 'for sale' and 'sold' signs, that the signs might bear no relationship to reality at all.

Weird Subscription Services — I recently joined Netflix, and I'm enjoying it so far. It makes sense to rent dvds via the web (though scratched dvds are a real headache). But when I came across Bag, Borrow, or Steal, which delivers a constant stream of designer handbags to your door, I thought it was a joke. It's obviously not, which just goes to show how out of touch I am with the world of fashion. I also was a bit skeptical about the Blacksocks service. Blacksocks describes itself as the "inventor of the revolutionary sockscription." At first I thought subscribers were meant to send back their used socks before they got another new pair (which is why I couldn't believe it was real). Then I realized it's more like a 'sock-of-the-month' club. That actually makes a lot of sense for people like me who are constantly losing socks. (via Red Ferret)

Expensive Counterfeits — Why would anyone counterfeit money if the cost of making the counterfeits was more than the money itself? That's the question Japanese police are puzzling over. Since profit can't be a motive "police suspect a techno-maniac is involved." Well, either that or a really stupid criminal.

Outsource Your Own Job — Either this is a bizarre new scam, or the Times of India has fallen for a tall tale. It claims that the hot new trend among programmers is to outsource their own jobs to India. As the article explains: "Says a programmer on Slashdot.org who outsourced his job: 'About a year ago I hired a developer in India to do my job. I pay him $12,000 out of the $67,000 I get. He's happy to have the work. I'm happy that I have to work only 90 minutes a day just supervising the code. My employer thinks I'm telecommuting. Now I'm considering getting a second job and doing the same thing.'" Sounds like a great scheme... unless your boss finds out you're just a middleman and decides to cut you out of the loop. I'm suspicious that this practice is really as prevalent as the Times of India implies. (via Common Sense Technology)

Christian Debt Removers — I got spammed today by Christian Debt Removers, an organization which advertises itself as a debt elimination service "based on Christian principles." Whatever that means... your guess is as good as mine. The only thing I could figure out was that they've slapped a few proverbs up on their site and this somehow makes them 'Christian.' Of course, the one Christian phrase that's conspicuously absent from their site is the line from the Lord's Prayer: "forgive us our debts, as we also forgive our debtors." But somehow I suspect that, whatever principles they might claim they hold, they draw the line at debt forgiveness. Anyway, I was about to write them off as just another company jumping on the Christian bandwagon to make a quick buck, when I did a little research and discovered that ChristianDebtRemovers.org is the exact same organization as DebtRemovers.org, which is a featured sponsor of Gay World. Immediately my opinion of them went way up, since I was glad to discover that their Christian principles didn't conflict with their support of the gay community. But I do think it would be nice if they could make their support of both Christianity and Gay Rights more evident (especially since the fundamentalist Christian and gay communities traditionally have been rather antagonistic towards each other). Maybe change their tagline to "based on Christian principles and official sponsors of Gay World." That would be pretty catchy. Though maybe, just maybe, they don't actually care about Christian principles or gay rights at all, and they're just cynically targeting different demographic groups with different messages. But no. That couldn't be.

Get That Degree You Want, Now — I had come to think I was never going to get my Ph.D., but I shouldn't have been so pessimistic. All I need to do is lower my standards a bit and sign up for one of those PhDs that Saint Regis University is practically giving away. A Georgia math teacher did, and she got a $16,000 pay raise. Or you could save even more money and get any degree you want, from any institution of higher learning, from BogusPhD.com.

Tax Refund for a Princess — If you're going to cheat on your tax forms, you might as well do it big, like this university cafeteria worker did. She claimed to be a Hawaiian princess and managed to get a $2.1 million refund from the IRS. The only thing is, she really believes she is a Hawaiian princess. Her defense lawyer argues that she suffers from an "irrational insistence upon an identity that is not her own." Maybe she's the second coming of
Princess Caraboo.