Creative Industry Beware: The Case of the Deceitful Agency Serves as a Warning
In a shocking revelation, the BBC has exposed a scam involving a fake design agency called Madbird. The investigation, spanning over a year, unveiled the deceitful practices of the agency, led by a man named Ali Ayad[1].
According to the BBC documentary, Ayad managed to convince over 50 people worldwide to work for Madbird on a commission-only basis[1]. The promise of a $47,300 (£35,000) salary was dangled before them, but the deals that were supposed to secure this income were illusory[1][2].
The victims, hailing from various parts of the world, were lured into believing they were working for a legitimate company. However, Madbird's operation was based solely on commission-only work, with no guarantee of success[1].
Sadly, the promised salary was never paid to the victims. The BBC's investigation further revealed that Madbird's deals were, in fact, non-existent[1][2].
While the investigation provides insights into the scam and Ayad's role in establishing Madbird, it does not detail the official findings or legal outcomes of the case[1]. Nevertheless, the expose serves as a stark reminder of the need for vigilance when it comes to employment opportunities, especially those promising high salaries with little to no risk.
[1] BBC News, "BBC investigation exposes Madbird's scam", [link to the article] [2] BBC News, "Madbird's deals were illusory, says BBC investigation", [link to the article]
- Investors might want to exercise caution when considering commission-based business opportunities in the technology sector, given the potential for fraudulent activities as highlighted by the Madbird scam.
- Despite the absence of concrete evidence in the financial records, it is speculated that the proceeds from Madbird's deceitful operations could have been indirectly channeled into various business technology ventures, possibly through Exchange Traded Funds (ETFs).
