Burnlounge 3.0 | The Pyramid Scheme That Just Won't Die

Burnlounge 3.0 | The Pyramid Scheme That Just Won’t Die

09.21.08 | 5 Comments | Posted by E.J. Friedman

We’ve never been a fan of the Burnlounge v.1.0 or 2.0 (aka the “pyramid scheme” versions in which “store owners” were bilked of hundreds of thousands of dollars that they’ve never recouped). We’ve been infiltrated by Kool-aid sippers repeatedly defending the illicit financial practices of the once-notorious (and we thought dismantled) pyramid scheme, several of whose “store owners” were the subject of successful lawsuits filed by the Federal Trade Commission. Their CEO resigned in disgrace. Their website has been down for months now and most people figured that was that. So what does Burnlounge have up their sleeve now? I guess we’ll have to wait and see when Burnlounge 3.0 is unveiled.

Uhh…what the hell? No other information is available right now.

We sure can’t wait to hear this one.

http://captainsdead.com greg

but, did the previous two renditions have such an awesome logo engulfed in flames? i must be out of it, cause i dont think i was ever aware of their first two go arounds.
Cube

Amazing. I wonder if they’ll start with a new crop of suckers… ahem… INVESTORS, or if they’ll actually bring back the people they left out in the cold when they shut the whole thing down last year.
Maz

I’m dying to know: how exactly do they con people into this now?

After your company has gone under, your CEO runs away, your leading scam artists (um, retailers?) are indicted – and in Rob DeBoer’s case, fired from a good job – and with other cases still pending and the feds still circling …

How exactly do you convince someone to buy in? Just how dumb do you have to be to be victimized AGAIN?
Cube

I think I knew a few candidates. Will is probably already preparing to spend his first billion on Burnlounge 3.0. I also know a few people here in town who hyped Burnscam to death and are probably now thrilled to see something on the website so they can start suckering people again.
Dnice41

I guess you guys would consider me one of the “suckers” because I bought into it back in 2005. I actually thought it would be a good investment because at the time, downloading music was becoming huge. I knew that Kazzaa would eventually be shut down and I thought it would be great to have a site that people could go to and purchase music. I never thought about making money bringing other people in. I just looked at the potential of having the online music store.

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