Mastermind Behind a $200,000 College Book Scam Reveals All
Locked In with Ian Bick
Ian Bick
4.8 • 743 Ratings
🗓️ 30 June 2024
⏱️ 71 minutes
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| 0:00.0 | There are some things you should always check, like the hygiene rating on your local takeaway, |
| 0:06.2 | the setting on your razor, and whether the party actually is fancy dress. |
| 0:11.1 | The other thing you should check is your Experian credit report, especially if you're looking to borrow money. |
| 0:17.2 | It lets you understand what lenders see, so you can increase your chances of getting the best deals. |
| 0:22.8 | It's dead easy to check it and completely free. |
| 0:26.6 | See it in seconds. Download the Experian app today. |
| 0:30.6 | Ah, Benny's parents, thanks for coming. |
| 0:32.4 | Hiya. |
| 0:33.0 | So, Benny has really blossomed this term. |
| 0:35.7 | You're telling me, he outgrew his bike. We sold it on on eBay. Oh, that's not quite what I meant. It's free to sell on there. Free to sell? Easy too. Sold Benny's bike, your guitar, my jacket. You sold my guitar? Shall we talk about Benny? When it's this easy to sell for free, you can't help but say when it's eBay. |
| 0:56.8 | Things people love. T's and Cs apply, exclusive vehicles. |
| 1:00.2 | My rate was whatever the textbook is, let's say it's a $300 textbook, pay me half cash, $150. |
| 1:07.6 | That's it. |
| 1:08.2 | You could still return it to the bookstore at the end of the semester. So I decide to do my first run with this guy. He leaves the offsite location book storage facility open. I had a Jeep at the time. I pull my Jeep around. I do 10 bucks. I get 10 orders, you know, economic, statistics, textbooks. I go. I sell them like |
| 1:30.4 | $100 a pop. I make a thousand bucks. I split it 50, 50 with them, 500 each. And I wanted to wait for |
| 1:35.5 | this semester to end to see if they come back flagged when these student athletes return the books. |
| 1:41.7 | Nothing comes back flagged. It was clean. Make the thousand |
| 1:44.5 | bucks. Awesome. Okay. Let's do next semester. Let's do 100 books. Let's see how that goes. We do it. |
| 1:51.3 | 10,000 bucks. Now I tell him, I made 8,000. I give him 4,000. I collect 6. Then we build this |
| 1:59.0 | scheme up. Now we're doing not only semesters, we're doing quarter classes too. |
| 2:03.9 | So there is halfway in between a semester. We're doing, you know, beginning of this semester, halfway through this semester, winter classes, spring semester, quarter classes and summer classes. |
| 2:16.4 | We build this up to a six-figure operation, |
... |
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