FTC: BlueHippo pocketed $15 million, only shipped one PC
November 13th, 2009 | by Nate Anderson
How sleazy could any company be with an adorable blue hippo for a mascot? Baltimore-based BlueHippo provides the answer: really, really sleazy.
The Federal Trade Commission (FTC) has had it with the company, which offers computers on layaway to those too poor to buy one outright. Buyers put up $99 to $124 in down payments, then make regular payments of $36 to $88. After 13 of these payments, the company says it will send out a computer, while the payments continue until the balance is paid off.
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