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Lifelock CEO victim of ID theft

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Old 05-29-2008, 09:39 AM #1
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Arrow Lifelock CEO victim of ID theft
*lol* well.. I always thought this commercial was weird the CEO advertising his own social security number and saying it's protected. Well.. I guess he wasn't as protected as he thought.

One guy applied for a payday loan of $500 with his social security number and got money with it. Well, I never was going to sign up for Lifelock but I definitely won't now!

Source:
http://www.cnn.com/2008/CRIME/05/22/lifelock.flap.ap/

Monique
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Old 05-29-2008, 09:51 AM #2
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That is too funny.

When I saw that commercial I just couldn't believe it!! I don't think anything is 100% safe. LOL

What was he thinking?
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Old 05-29-2008, 10:05 AM #3
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so much for that companies stocks, this is great lol
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Old 05-29-2008, 10:15 AM #4
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LOL, sounds like another case of Mad Cow to boot!

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Old 05-29-2008, 10:46 AM #5
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Oh my... this is almost too sad to be funny....

Oh heck... it's HILLARIOUS!!!!!!!!!!!


If the guy was gonna stick his neck out there and post is SS# all over the place... someone was bound to come along and prove him wrong.



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Old 05-29-2008, 10:48 AM #6
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I wish someone would steal my identity!!! As soon as they realized who they had they'd be bringing it back real fast!!

There is nothing about my financial situation that anyone would even want to be a part of.....but hey, if they can get me a line of credit that I don't have to pay back more power to them!!
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Old 05-29-2008, 11:40 AM #7
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In the CEO's defense, he can pay himself back up to 1 million dollars.

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Old 05-29-2008, 11:45 AM #8
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The best part is that the service is provided free by the 3 credit bureaus but he actually convinced people to pay him to do it instead!
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Old 05-29-2008, 12:10 PM #9
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Not a good businessman...

I would guess it's not a publicly traded company. If it was the stock would tank. But it's probably just him and maybe some other investors. Hope they were operating in the black. ...yeah...unlikely.

Another idea bites the dust.
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Old 05-29-2008, 01:15 PM #10
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He was banking on lots and lots of people signing up for his "program". He felt the risk of making his Social Security number public information was less than the amount of money he stood to make through this scam (that's what it is because, like Greta said, the 3 credit reporting agencies offer the services for free). He was playing on everyone's sense of trust - he got what he deserved, IMHO.
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