IWA for Sunday 060307

Hey folks,

It’s SUNDAY! Time for the IWA. I really wish there were more information on this one, but there’s not. This weeks winner was thinking they were pretty smart about WHO to scam, but as usual, with all scams, you get caught in the end.

According to AP-Christmas light scammer gets jail

If her invention had been real, she might have made big bucks. Instead, she gets coal in her stocking — and time behind bars.

Kristine Mylonakis, 45, was accused of fleecing more than 70 investors out of more than $56,000 by claiming she made cylindrical trim that keeps Christmas lights concealed until they are needed. She had no such invention and was sent to jail last week for six months.

"Time in the cooler is the perfect place for someone ... to prove whether she is naughty or nice," Attorney General Mark Shurtleff said Thursday.

Now what she thought was smart about this, is WHO these investors were.

In 2003 and 2004, a sister who worked at the Salt Lake County jail rounded up people there to invest in "Hide-A-Light," Shurtleff's office said.

Investors were also solicited at a bar while Mylonakis waved $100 bills and bought drinks. She pleaded guilty in March 2005 to third-degree felony securities fraud.

So she tried to get those people that would not be all that believable if they complained, to give her money. People in jail and drunks. You do have to give her credit though, she was able to scam people in jail and drunks out of $56,000.That’s $800.00 each. I guess she deserves SOME credit for that alone. But for thinking that you were scamming idiots, makes YOU the biggest idiot of them all, Congratulations Kristine Mylonakis, you are the Idiot of the Week. Now I wonder if they put her in the same jail of those she scammed.
Peter