December 14, 2008

*Swoopo

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SWOOPO….Via Megan McArdle, this has to be seen to be believed. Swoopo.com has been around since 2005, it’s almost literally a scheme for throwing money into other people’s bank accounts for no special reason, and apparently it’s still going strong. Details here.

At least Bernard Madoff’s customers had the excuse that they didn’t know what he was doing, but Swoopo appears to be pretty upfront about the whole thing. There’s no excuse for not realizing what’s going on except rank idiocy.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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