100k cash drop in AKL - but fake or real money!

Forums › Off topic › 100k cash drop in AKL - but fake or real money!

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10

13924 posts

Uber Geek

ID Verified

#2617780 7-Dec-2020 20:25

The owner of the company said they gave away $100,000...but he hasn't shown any proof of it (bank withdrawal etc) to prove it.

In any case, it was a silly promotion, and I don't think it's going to end well for the company. Sure, it got them some attention - but not in a good way.

neb

11294 posts

Uber Geek

Trusted

Lifetime subscriber

#2617805 7-Dec-2020 20:35

Scott3:
I do question the decisions of the person who spend $120 on fuel to drive up from Palmerston north with no fuel or money for the return trip (Must have done the trip in a fairly thirsty car too, its only 515km), and the person who spend $200 on bus tickets and accommodation. And I question the decision of those who allowed their children to be in the crowd.

As above $100,000 around say 1000 people admitted works out to $100 each on average. Those people were clearly betting on doing way better than average, to just break even, let alone pocket any money.

It's most likely even worse than what you've described, completely setting aside the scamminess of a "FREE CASH!!!!!! FREEE!!!!!!!!" offer from a dodgy mail-order business no-one has ever heard of. Just half a beer's worth of analysis shows that this isn't worth doing. I would put the potential crowd capacity there at more like 5,000 (Aotea Square can take 20,000, let's say a mere 5,000 turn up), which means that even if the money is handed out completely fairly you'd end up with $20 each. However it won't be fair, a few very close to the handout point will get a good chunk of it and most people will get nothing or perhaps a single fiver. So you're spending $200 to get maybe $5, and that's only if the whole scammy exercise is completely legit and above board, which it wasn't.

I'm really torn over this, on the one hand I feel sorry for the people who fell for it, but on the other hand who would be dumb enough to spend hundreds of dollars on something where they won't even be able to break even, and which carries with it every danger sign but the backing of a Nigerian prince?

Oblivian

7296 posts

Uber Geek

ID Verified

#2617817 7-Dec-2020 20:52

neb: I'm really torn over this, on the one hand I feel sorry for the people who fell for it, but on the other hand who would be dumb enough to spend hundreds of dollars on something where they won't even be able to break even, and which carries with it every danger sign but the backing of a Nigerian prince?

One of those effected gained a little more. Seems they were doing in desperation.

https://www.newshub.co.nz/home/new-zealand/2020/12/empty-handed-attendee-of-auckland-cash-drop-given-second-chance-by-kiwi-to-fund-newborn-son-s-surgery.html

JaseNZ

2576 posts

Uber Geek

ID Verified

Lifetime subscriber

#2617820 7-Dec-2020 21:00

This was a quote from the business.

After completing our risk assessments it was decided that vouchers should be introduced too. This would assist with mitigating offensive behaviour between patrons. The vouchers consisted of discounts, free goods, house renovation discounts, free accounting services and more," it said.

I would be very interested to see the risk assessments they did.

Also in there they said free goods (what free goods ??) , and other free stuff not just vouchers off their business. Be interested to see those as well.

Ding Ding Ding Ding Ding : Ice cream man , Ice cream man

sbiddle

30853 posts

Uber Geek

Retired Mod

Trusted

Biddle Corp

Lifetime subscriber

#2617829 7-Dec-2020 21:24

logo:

Can someone confirm if actual cash was also given away as well as the vouchers?

From what I've read I'm confused whether they gave away any cash, gave away some cash but not $100k, or gave away $100k cash plus the vouchers.

On a FB group set up on the weekend multiple people confirmed they did infact get cash - we're talking $5 or maybe even a few $5 notes, but there certainly does appear to have been real cash if these people are to believed (and I'm not sure why you'd join such a group to lie as these people are also the ones complaining about the whole event).

gzt

17104 posts

Uber Geek

Lifetime subscriber

#2617846 7-Dec-2020 22:40

This topic is carrying ads for "Win $5000!!! Now!!" Lol..

Signature goes here.

mattwnz

20141 posts

Uber Geek

#2617867 8-Dec-2020 01:11

Oblivian:

neb: I'm really torn over this, on the one hand I feel sorry for the people who fell for it, but on the other hand who would be dumb enough to spend hundreds of dollars on something where they won't even be able to break even, and which carries with it every danger sign but the backing of a Nigerian prince?

One of those effected gained a little more. Seems they were doing in desperation.

https://www.newshub.co.nz/home/new-zealand/2020/12/empty-handed-attendee-of-auckland-cash-drop-given-second-chance-by-kiwi-to-fund-newborn-son-s-surgery.html

Great to see some that boxer helping out by raising money to help with the medications and accommodation. I would have thought that would have been tax payer funded. I see the operation is, but not the medication?. Also I thought Wellington had Ronald Mcdonald house for accommodation which I understand doesn't cost and is funded by donors.

I think this has highlighted the inequity and widening wealth divide that is now occurring in NZ. There are some really desperate people out there.

Equinox IT

Cloud spending continues to surge globally, but most organisations haven’t made the changes necessary to maximise the value and cost-efficiency benefits of their cloud investments. Download the whitepaper From Overspend to Advantage now.

frankv

5680 posts

Uber Geek

Lifetime subscriber

#2617990 8-Dec-2020 10:25

Oblivian:

It also has his initial claims which have since got a bit muddy.

"It was $100,000 in real money, and the fake money discounts on top - I think that was 40,000 notes [coupons] that were printed," he said.

If I was giving away vouchers, I'd know damn well whether 20,000 or 40,000 were printed. So weasel words "I think" are needed to allow a falsehood to be stated and subsequently denied if anyone calls him on it. (Dare I say it, but this is a typical Trump tactic).

If it was $100k in real money, there would be more than one or two people who got $5 or $20 or $50. If there was a couple of thousand people there, then on average *every* person should have got $50 (plus a couple of hundred vouchers). For every $5 winner, there's must be a $95 winner somewhere. For every $0 loser (and there seemed to be an awful lot of them), there ought to be a $100 winner.

$100K in $5 notes would be 20K notes. For perspective, paper is about 0.1mm thick, so assume the same for banknotes, even though they're polymer, so $100K is a stack of $5 notes 2m tall. And another stack 4m tall of fake notes. That's an awful lot of paper. Looking at the spud guns or whatever they were that the notes were launched with, I'd be surprised if you could launch more than 1,000 notes in one shot. So there would have to be 60 or more shots to launch all the claimed paper. Say a minute to reload, so an hour of raining paper if there's only one gun (I only saw one on the news).

A $5 note is 135x69mm = .009315sqm, so 200K fake notes (we'll assume the real ones were all pocketed) would cover 1863sqm. Aotea Square is 4,500 sqm, so about 40% of it should have been covered with fake notes. Maybe 20% since some of the paper would land on other paper. I didn't see that in the news.

Linux

11391 posts

Uber Geek

Trusted

Lifetime subscriber

#2618018 8-Dec-2020 11:14

A bar in Hamilton accepted some of these $5 notes ($20 worth) Just trying to find the link off to the article

freitasm

BDFL - Memuneh
79250 posts

Uber Geek

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#2618022 8-Dec-2020 11:19

Linux:

A bar in Hamilton accepted some of these $5 notes ($20 worth) Just trying to find the link off to the article

"Safety Warehouse giveaway: Fake $5 notes used to dupe Hamilton bar"

Oblivian

7296 posts

Uber Geek

ID Verified

#2618040 8-Dec-2020 11:42

frankv:

A $5 note is 135x69mm = .009315sqm, so 200K fake notes (we'll assume the real ones were all pocketed) would cover 1863sqm. Aotea Square is 4,500 sqm, so about 40% of it should have been covered with fake notes. Maybe 20% since some of the paper would land on other paper. I didn't see that in the news.

Got to love statistical analyses. Here I was throwing out a number of money that should be there if his word stood true. And then BOOM :P

How dare we put logic into this farce!. Looking like some deep holes huh.

neb

11294 posts

Uber Geek

Trusted

Lifetime subscriber

#2618205 8-Dec-2020 15:27

freitasm:
"Safety Warehouse giveaway: Fake $5 notes used to dupe Hamilton bar"

"The manager was counting up the tills and just noticed that some of the $5 notes were slightly different from the others. As it turned out, the money from the cash dump had managed to make its way down to Hamilton and had been used to buy a few drinks."

Well at least the punters can't complain they didn't get cash value any more...

1101

3122 posts

Uber Geek

#2618254 8-Dec-2020 17:07

and now a police investigation & maybe a possible prosecution.
https://www.nzherald.co.nz/nz/safety-warehouse-fake-money-fury-police-now-reviewing-aotea-square-giveaway/CVJV5NLAFJTTBYDCAKAUV2KA2Q

"The Reserve Bank has also issued a warning that it is illegal to publish anything resembling a genuine banknote after fake $5 notes rained down on people clambering for what they thought was cash"

Also, the company was very carefull how they worded the promotion. They never said $100k in cash. Their wording of the promotion was obviously misleading though (my opinion).
If only they fessed up to their mistake & apologized , it wouldnt seem so bad. Give a few people in need a few hundred , quieten down those making all the noise .

The person who though it was a good idea must also be their PR advisor :-)

Oblivian

7296 posts

Uber Geek

ID Verified

#2618257 8-Dec-2020 17:11

That was yesterday.

Today they confirmed they will NOT be pursuing.

But they have 180'd it on the reports for the power loss now

https://www.nzherald.co.nz/nz/safety-warehouse-fake-cash-furore-company-claims-angry-punter-cut-power-to-event/DBODHGTFKE67HBACVCN7EINI6A/

Loismustdye

927 posts

Ultimate Geek

Trusted

#2618278 8-Dec-2020 17:55

Oblivian:

neb: I'm really torn over this, on the one hand I feel sorry for the people who fell for it, but on the other hand who would be dumb enough to spend hundreds of dollars on something where they won't even be able to break even, and which carries with it every danger sign but the backing of a Nigerian prince?

One of those effected gained a little more. Seems they were doing in desperation.

https://www.newshub.co.nz/home/new-zealand/2020/12/empty-handed-attendee-of-auckland-cash-drop-given-second-chance-by-kiwi-to-fund-newborn-son-s-surgery.html

What a beat up

the surgery to my knowledge is on the taxpayer, and when staying in welly etc at Ronald McDonald house the accommodation is free, and there is also apparently two meals/day provided. Even if this wasn’t the case there is the National travel assistance fund which pays for travel and accommodation if it’s needed to travel out of district, this guy and his family would know all about this as this would have been part of the information they would have received when informed about the surgery and the need to travel out of town. The medication required will be provided as well as is most medications for children, especially for a publicly funded operation, at most he would have to pay the $5 fee or whatever the pharmacy might charge.
And let’s not forget the myriad of social workers within the health sector that Are there in order to help people in exactly this Type of situation.

He’s upset he made the trip for nought. And he’s been given play money by people fundraising for him.... this is the tragedy of the whole thing imho

what I don’t understand is why he would think that he would stand a chance of getting much $$ from the drop at all, especially when he was travelling from palmy to Akld, I mean if he was travelling then would it not be reasonable to assume that there would be lots of others travelling as well? And if he was travelling from palmy then would it not make sense that there would likely be thousands of people attending that lived in Akld and didn’t have to travel.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10