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SMS.ac / FanBox

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Don't Do It.

Grades

D
Overall
A+
Location
D
Job Tasks
D
Social Environment
D
Management
D
Pay/Raises

Salary: 128000

Posted by MP, Finance, in San Diego, CA, USA on June 18, 2009

SMS.ac simply closed it's door and became a new company called FanBox (www.fanbox.com). FanBox is doing the same Text Messaging reverse billing scam using unsolicited cell numbers stolen from users address books who never suspect the text messaging charges. The scam begins by siphoning cell phone numbers from unsuspecting users who sign-up on FanBox providing email account and password. FanBox slips into ones email account grabbing phone numbers and more potential sign-ups sending emails to all email address in ones address book. Guessing that people who sign-up have 100's of valid cell phone numbers, those number are then used in unsolicited SMS text messages, generating funds for both FanBox and the telcos as a 50/50 split of 35 cents per sent SMS Text Message. The stolen email address help aid in the recruitment of more innocent victims who are invited to join FanBox, giving away their password credentials too. Just like the mail fraud their CEO committed and was convicted of before in the 90's, he now plays in the lawless land of text and email 'fraud'. You will simply leave there depressed knowing you too were part of the fraud once you discovered the 'real' business model. As a financial processor inside, I was quick to learn FanBox is skimming their cash flow to avoid both federal and state taxes. As a good person, don't think you can turn around a company of people that's bad to the core --especially when it is the core. Whistle blowers be advised the evidence is not provable. FanBox covers it tracks very well. If you think your going to go public, just remember a company that is hiding numbers to avoid prosecution cannot and will not ever go public. IPO is a bait and switch for salary and a carrot you will never realize at FanBox.

Comments (2) | Write a comment
Sad Remarks
on June 18, 2009

Really??? Lets address each of these lies with facts. 1) Fanbox is the name of the product. The parent name of the company is SMS.ac Inc. Always has been, always will be. Just like Myspace's parent company is NewsCorp. SMS.ac did not "close our doors". We are aliving and kicking. 2)Our CEO was never even accused of mail fraud, let alone convicted. Nice try. Go to the library yourself and check it out. This lie has been circulating for years. Following is what was printed in the San Diego Tribune concerning the matter. Judge Won't Bar Mail for Scholarship Firm by The San Diego Union Tribune Record Number: SDU2292198 A federal judge here Thursday refused to put a Postal Service hold on incoming mail of a San Diego firm that charges $60 fees to students for assistance in obtaining scholarships and grants. U.S. District Judge Judith N. Keep said the government failed to show evidence of serious harm to warrant the injunction against National Scholastic Resource Administration Inc., which does business here as Academic Council on Financial Assistance (ACFA). Assistant U.S. Attorney Karen M. Shichman, seeking the injunction, contended that the wording on advertising material is misleading in implying that ACFA handles the applications for grants and fellowships. She also said the use of letterhead seals bearing an eagle symbol implies that the organization is official. But Judge Keep agreed with attorney William J. Olson, representing ACFA, that any student reading the marketing material in full would realize that the service being offered only matches students with available sources of student aid." 3) SMS.ac was a text messaging commmunity where people paid for services (Joke of the day, Horoscope of the day, ringtones, mobile dating etc). As Fanbox, people can pay for premium apps (games, blogs etc). 4) "Whistle Blowers be advised Fanbox covers its tracks very well". Fact of the matter is that there are mobile regulators in each country what cut us off today if this was the case. In addition, each carrier needs to approve you to their vendor list (Verizon, Sprint, ATT&T etc). Does anyone actually think that billion dollar companies would be working with us for 8 years if we were a fraud? 8 years! Not 8 months or 8 Days! 5) Register for yourselves. Unfrotuantely there are people in this world that are unhappy and this ex-employee seems to be one of them. Here is a link to dozens of ex employees that seem have a different take. http://corp.fanbox.com/professionalgrowth.php

Pathetic
on February 07, 2010

They can't even hire people, so they have someone posting fake reviews here and writing comments trying to defend their shady activities. Lame.







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