AUDIO: In response to numerous inquiries about this ‘Tuition BOGO’ [UPDATED]

bogo[AUDIO BELOW] Since Friday, TLS has been inundated with inquiries regarding a ‘Tuition BOGO’ ad circulating.

This morning, Rabbi Yosef Posen released the following audio message.

UPDATE: Though people have been giving this organization thousands of dollars today, Askonim we spoke to say they do not have any information about this campaign, and could not comment on the legitimacy of this.

bogo tResidents are urged to do proper background research before donating.

[TLS-50]

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18 COMMENTS

  1. They have an office in the new plaza in Howell. It’s open now. People are lining up to give money.

    I ask that all school directors please go there, and request that their school be removed from the list, since they aren’t participating in the campaign.

  2. Always remember if it’s too good to be true….than chances are it isn’t. I would avoid. Whose guaranting that the money will be paid out? From the stores listed on the bottom. I wouldn’t imagine any of them would be giving a 75k donation.

  3. This smells like a ponzi/scam. This model make absolutely zero business sense and is too good to be true. They are collecting money up front to be paid over the next 12 months in an apparent effort to fund their new venture. It’s essentially a loan. When they disappear all the people who paid in will be left holding the bag.

  4. Is the money being held in escrow until the donors match it ? If not I wouldn’t touch this unless some big guns are behind it which as of now it doesn’t seem the case

  5. Considering they would need to hold back about $350k for September and October tuition plus overhead expenses, they would need to make about 200% return on investment just to cover the tuition. Fat chance that can happen!! I feel bad for all the people who have already donated on the site. Maybe they can get their credit card to reimburse somehow…or maybe they’re all fake names.

  6. the local vendors signed on where for a different campaign run by the BOGO where people get points/reward money from tuition payments to use at those stores.
    they are not involved or aware of this new campaign.

  7. Please please ask your rav or lawer before you give money to a corporation or person you never met and even if you did meet them think before bec if it sounds to good to be true its not true . As of now there is no rav backing it or gaurenteeing it

  8. i I know about this organization very little but the little I do know everyone I spoke said to stay far away from it n its not at all affilated or backed by the baal tzadaka fron florida that has the same name as the organuzer of this bogous idea

  9. If any of the vendors whose names appear on the sign is reading this, can you please clear the air to all of us who are extremely confused? Thanks!

  10. As listed the max payout is 1 million. Assuming this is evenly divided among ALL donors. It could be explained.
    In the event that they hoped to raise 10-15 million. This could be a typical 12-15% payout on a loan.
    Done all the time in business. Yet unknowen potential risk.

Comments are closed.