Ed MAGEDSON, founder/owner of Ripoffreport is and has for years been engaged in a campaign of extortion through libel, a scheme which has been and for the foreseeable future will continue to pay off for him, big time. And that's what MAGEDSON likes.
Under the guise of free speech, MAGEDSON, more popularly known as `MAGGOT' by those of his friends and neighbors we sat down with and interviewed, systematically extorts money (thousands of dollars per victim annually) from individuals and businesses against whom he receives and provides others opportnuity to defame through anonymous, and he will admit, often fabricated, undocumented, unverified, libelous statements. According to MAGEDSON, `the only accuracy i ever required is in the cash people give me.'
A three (3) year Investigation focusing upon both MAGEDSON personally and his popular web site supported his own long touted premise that, `libel and slander was making millionaires out of lawyers, it was high time that he figured out a way and implemented a vehicle by which he could profit too.'
Like many successful entrepreneurs MAGEDSON prefers cash and lots of it. Says MAGEDSON to our under cover detective, `If only I knew then what I know now. Screwing your neighbor is and always has been profitable. I just figured out a way to cash in on the action.'
According to construction contractors whom we interviewed, MAGEDSON has a thing for elaborate interior design. While many of the walls of his residence appear to be solid, they actually open to a series of safe like, heat and water resistant vaults.
Asked why someone would go the expense of installing so many high end in-home vault systems, MAGEDSON's contractor explained that, `we see this most often with drug dealers and high rollers who keep a lot of cash and high end jewelry in the home. These people want to keep what they got safe and don't trust the banks. So they store it at home. You'd be surprised how often my company sees this. But even I was shocked when I saw MAGEDSON's set up. Looks like Fort Knox in there before we put up the walling.'
Documents retrieved from MAGEDSON's trash and search engine results revealed a man who likes and harbors ambition of the good life. The type of good life which cash and a lot of it can buy you. Like everyone else, MAGEDSON likes to get paid but won't hesistate to tell you that he prefers it in the form of cash.
MAGEDSON indicated that a lot of people, mainly business owners right on the margin between success and failure pay the best and he's happy to f*&#k them through his web site, sit back and wait for the cash to come in to make it all disappear. Says MAGEDSON, `so long as I get paid, I don't give a damn about what anyone posts on that site. My mouse trap don't catch mice, it catches cash and anyone can do the same thing.'
We turned over our findings, together with the evidence we retrieved, to the Internal Revenue Service who expressed great interest in anything else we could find on MAGEDSON. |
