A few months ago I described how a company called Profit System Online (PSO) was using misleading ads in the Lawrence Journal World’s online edition that appeared as legitimate news reports.
The fake news reports touted the virtues of signing-up for PSO’s so-called “Internet Income System.” The misleading ads claim it made one local mom $6,795 a month while working 10-13 hours a week from home.
Now it appears a company that markets a Home Income Profit Kit is using a similar advertisement that masquerades as a report for the financial and business news cable network CNBC. The phony CNBC report is about a non-existent Lincoln, Nebraska mom who makes $6,487 a month working from her home. She did it, according to the report, by only working 15-18 hours a week.
I contacted CNBC to get its response to the company that carries the phony CNBC report. Here is a CNBC spokesperson’s response:
“This company and its website have no affiliation with CNBC, and we are currently looking into this matter.”
The website didn’t say it was an advertisement. It gave readers the impression that it was an investigative report produced by CNBC journalists.
Here is what the Reviewopedia website says about the Home Income Profit System:
“The Home Income Profit System (recently renamed The Home Income Wealth System) is a now notorious internet scheme that claims to help you make money from home. Their make money kit is often promoted through the use of fake newspaper articles and other unscrupulous means.”
When I checked today, the fake CNBC website and story had been “suspended,” but a look alike ad is still alive on this Google link:
and here are a few other fake links:
There are dozens of other ads like these that continue to float around the Internet.
In case you’re curious about whether these “stay at home income” claims work you should read the small print at the bottom of the PSO corporate website:
*INCOME CLAIM WARNING: Testimonials are not typical of most results. Photographs or images are a depiction of individuals and payment methods. These income examples are representative of some of the most successful participants in the program. Some individuals purchasing the program may make little or NO MONEY AT ALL. These claims are not a guarantee of your income, nor are they typical of average participants. Individual results will vary greatly and in accordance to your input, determination, hard work, and ability to follow directions. No person or company can guarantee profits or freedom from loss. Any and all use of this website certifies you are agreeing to our Earnings and Income Disclaimers.
Or read what Reviewopedia has to say about the Home Income Profit Kit:
“The reason why there’re so many complaints against these types of kits is because the companies running them use very shady billing practices. They offer the program as a Free Trial, charging you only several dollars for S&H, but as soon as they get your credit card details they quickly hit you with a much larger charge.
Take a look at their terms and conditions:
When you submit your order, you agree to pay the shipping and handling fee of $2.97 for your Road Map to Success; please allow up to two weeks for delivery. After your 3-day trial period, you will be charged a ONE TIME fee of $139.95 for the product that will not be billed again for access to all of the features above. Thereafter, a $4.95 fee will serve as a monthly website hosting and maintenance fee until canceled.
They say that it can take up to two weeks to receive your materials, yet they charge you after just 3 days! So basically there’s no chance of you having enough time to review the materials and decide if it’s worth the $139.95 + $4.95 a month. Some people have even reported being charged the $139.95 fee the same day as their order.
The other problem with this type of billing is that many people don’t even read the terms and only find out about the true costs when it’s already too late. In addition, lots of people have reported difficulties reaching customer support in order to cancel the trial or get a refund.”