Scam Expose W. G. Hill
Below is a MRR and PLR article in category Business -> subcategory Other.
Scam Exposé: W. G. Hill
Introduction
Before the events of 9/11, there was a figure known by the pen name W.G. Hill. He authored a series of books and articles detailing how to operate offshore with anonymity. While his strategies may have been effective up until the late 1990s, they are now extremely outdated. W.G. Hill wasn't a scam; his work simply hasn't kept pace with the times.
Outdated Advice
Today, selling his works without a disclaimer acknowledging their outdated nature is unethical. Many purchase these books seeking guidance in navigating the offshore world, but these resources no longer serve that purpose. The offshore landscape has changed significantly. While some may enjoy reading about it without taking action, relying on such material for decision-making is ill-advised. Books, by design, provide information that is often outdated by 18 to 30 months.
The Problem with Online Resources
The same caution applies to websites. Many offer outdated offshore solutions. Take the example of the Sparbuch account ?" an anonymous Austrian passbook bank account that required a passbook and a passcode. Users could make transactions of up to $20,000 daily without showing ID. However, in December 2000, the Financial Action Task Force (FATF) pressured Austria to eliminate these accounts to avoid being blacklisted. Surprisingly, in 2007, some websites still claim to sell Sparbuch accounts. If such accounts were legitimately offered, Austria would be violating its agreement with the FATF.
The Ethics of Selling Outdated Information
W.G. Hill was a proponent of the Sparbuch account. Selling books and reports with outdated information is unethical. Imagine someone purchasing W.G. Hill's work, learning about Sparbuch accounts, searching for them online, and then placing an order that can't be fulfilled. That's how scams operate. Could there be a connection between sellers of W.G. Hill's materials and those offering Sparbuch accounts? It's not surprising if there is.
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