Have you wondered if some “legal” companies are just organized crimes in disguise? These companies are supposed to render services to people but rip them off their hard-earned money.
This crime syndicate’s effects are seen in the lives of individuals that get scammed daily. And though there is no official list, people in an online forum swear by the fact that these companies are today’s problem with society.
1. Online Review Sites
Some of these sites, like Yelp, collect money from businesses through “subscriptions” to help them advertise to increase engagement and allow customers to give reviews.
When you stop paying for the adverts, the sites go berserk on you. They reduce positive reviews and promote negative ones instead. Sometimes, from customers you may have never served.
2. Pharmacy Benefit Management
These are third-party administrators of drug prescriptions. They handle the processing and payment of prescription drugs. But one person thinks they are causing more harm than good. They call it “The root cause behind why it is impossible to get honest and transparent drug pricing.”
These companies are supposed to help reduce the cost of drugs for patients. Often they do not, but they still get the bonuses either way.
3. Printer Ink
Printers now require you to have other colors to print in monochrome. Not just that, the ink and toner must be from the same brand as the printer.
The new printer models use subscriptions; if they run out, the printers stop working. So sometimes, it is cheaper to buy a brand-new printer than it is to buy ink. Sounds ridiculous, doesn’t it?
4. U.S. Health Insurance
These services are supposed to cover a portion or the entire medical cost for the insurance recipient. In turn, an agreed amount is paid monthly by the recipient. Sounds simple enough. Except it isn’t. Some companies usually cover a meager sum of the medical cost or nothing.
One person writes, “They are incentivized to charge you more and provide less in service to make more profit. They are grifters and redundant middlemen in every way.”
5. Politicians Trading Stocks
This has insider trading written all over it. Someone shares their thought: “The reason why is that they pass legislation that directly affects stock price. So they essentially have insider knowledge on what precisely will go up and down on the market.
You can also look up Nancy Pelosi’s husband, that made millions on Nvidia stock right before we sanctioned Russia for not providing computer chips. Coincidence? I think not.”
It isn’t illegal for politicians to trade. Still, the chances of these trades being influenced by the information they have are relatively high.
6. Multi-Level Marketing
These organizations promise riches, but, as always, at a price. Often, it is to quit your job and sell their products.
They rarely tell you that you make money from the number of people you rope in, not the number of products you sell. Again, if an offer sounds too good to be true, it usually is.
7. Payday Loans
These are quick, short-term loans that have huge interest rates attached to them. The problem is that no one who isn’t caught in a pickle would opt for this.
They leech on to desperate people who need an instant loan to sort things out, and when the payment isn’t paid on time, the interest starts accruing. Also, the “short-term loan,” which means less than a year, has an annual interest accruing monthly.
8. Gambling Industries
Gambling addiction is a big deal. It doesn’t help that it is now so accessible online and offline. These games are rigged to ensure you lose more than you win. When you lose, they make more money.
The thrill is so addictive it makes it easier for them to sell their schemes and the hope that you could be the next Bill Gates.
9. Utility Companies
These companies are supposed to provide public services for a fee. But people are wondering when they become so ridiculously high.
The bills are steadily skyrocketing, making it hard for people to keep up, especially in recent times of inflation. Unfortunately, no one can do anything about it because the companies are monopolistic.
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