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130 votes
Accepted

Where is the scam in a "giveaway" in Oxford Circus, London?

It sounds like a mock auction. The sale starts with the auctioneer selling genuinely high value goods at knock-down prices to "customers" who are really staff working for the auctioneer. This gives ...
Simon B's user avatar
  • 10.4k
19 votes

Where is the scam in a "giveaway" in Oxford Circus, London?

I see nothing in your question to prevent him selling complete fakes or even empty boxes to unwitting customers. Getting caught would take time. But it's also possible he's seemingly selling good ...
Chris H's user avatar
  • 2,555
12 votes

Where is the scam in a "giveaway" in Oxford Circus, London?

I am absolutely ashamed to admit this. I was there for the one on January 9th. I stayed for the entire thing. And I actually participated. The first guy was taken over by a Middle Eastern guy named ...
George's user avatar
  • 121
12 votes

Where is the scam in a "giveaway" in Oxford Circus, London?

Besides a straightforward mock auction, another possibility is a "Jam Auction": In this scam, the confidence artist poses as a retail sales promoter, representing a manufacturer, ...
Milo P's user avatar
  • 221
6 votes

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

The simple answer is "because many people do not care enough". There are still some (internet) banks that will offer you a giro account for free, though most of them require you to have a ...
Manziel's user avatar
  • 7,442
5 votes
Accepted

How long does it take for a Tangerine no-fee money-transfer email to be delivered?

I phoned Tangerine; they enlightened me. It generally takes 2 hours for the email to arrive. Next, the recipient must open the email, click the link, and enter their bank account number. They'll ...
unforgettableidSupportsMonica's user avatar
2 votes

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

why do Germans allow their credit unions to charge them these fees? Why wouldn't they just vote to eliminate these fees? Keep in mind that not every customer of a credit union is also a member. Sure, ...
cbeleites unhappy with SX's user avatar
1 vote

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

While the US federal reserve still puts a low but non-zero (0.25%) interest rate on the US$, the European Central Bank currently has a zero interest rate on the Euro. That means European banks ...
Philipp's user avatar
  • 24k
1 vote

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

I cannot tell for sure, but the idea of a non-fee account is quite new in Germany. When I was young, before the Online Era, there used to be a Sparkasse in every village and a Volksbank or ...
glglgl's user avatar
  • 5,415
1 vote

Why do credit unions in Germany charge a monthly fee (Kreditvereine Kostenloses Girokonto)?

My experience, in the US, is that Credit Unions do not necessarily have better rates than regular banks. There was a time they did but the banking industry has seem to normalize. I found this while ...
Pete B.'s user avatar
  • 76.8k

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