SEVERAL E2-LABS CYBERCRIME SQUAD MEMBERS REPORTED MISSING IN ACTIONS, SEVERAL OTHERS CRITICALLY INJURED — NATIONAL CALL FOR BLOOD DONORS
Several of the brave E2-labs’ Cyber Crime Squad members are reported missing in action. The accident happened today at road n.2 of Banjara Hills, Hyderabad. News reports are still unprecise but it seems that several members of the famous team of national heroes whose scope is to protect India’s digital boundaries from bad-ass cyberterror attacks have been killed while attempting to defuse a logic bomb placed by a group of separatists. In the blast, some other Cyber Crime Squad members are reported in critical condition. The Indian Minister of the Health has issued a call for blood donors.
Today we indulge ourself in a pure hypothethical activity by analyzing whether it would be possible to apply traditional financial fraud schemes to India’s educational market. We agree, it might look a mere academic work but later on we might find out that it makes much more sense that what we originally thought.
1910 police mugshot of Charles Ponzi
First of all, let’s define what a Ponzi scheme is:
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering return other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.
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Once upon a time, back in year 2003 the Indian newspaper The Times of India published a strange article titled “Hackers strike sites at will, govt helpless”
The story was about an American hacker (named Derren Warren, the name in the article was changed by his request) hired by an undisclosed security company located in Hyderabad. The manager of this company asked Derren to perform hacking activites against India’s critical government servers, being this job covered by a regular penetration test contract. Derren diligently performed the assigned tasks, successfully compromising several servers and as a proof of success he downloaded from those servers a lot of critical data.
But later on…
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The long lasting, Bollywood’s favorite saga between E2-labs and Zone-H is far away from being finished. For those heart-breaking soap-operas addicted, we have more bits and bytes of today’s India’s hot topic with *special* multimedia effects. Welcome to the Web 2.0 world!
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We aknowledge E2-lab’s post (reported in bold beneath) on their website homepage, here is our answer:
Let me come to the point. I write to you with utmost grief as I read couple of days back a post in a website (www.zone-h.org) defaming E2-Labs.
Dear Mr. Qureshey, we don’t defame anyone. We just stated the facts. Don’t play surprised about Zone-H’s last posts, you have been warned during the last months several times. Such posts are the natural result of your unethical business practices.
Let me put forth some of the facts before you one by one.
1.You mentioned and claimed in your post that we did not distribute the certificates to the corporate training participants. This is absolutely false since you are as well aware that the three programs such as hands on Hacking unlimited, Hands on Web application security and hands on wireles security certificates offered were ready but not signed hence could not be distributed. Further, out of three sets one set was distributed and two sets still awaiting your signature, and I believe it’s unethical practice that Zone-h did not sign inspite of you receiving complete payment. When asked about the signature you assured me that you will be coming back to India very soon and hence will sign it then.
Let me answer to you with the uttermost technical terms in my knowledge: BULLSHIT
The things are in the way we say. In fact being your company the organizer of the course, if we didn’t really sign the certificates why didn’t you sign them by yourself? You had all the rights to do so. The truth is that you scammed your students, period.