The Invention of Lying – Did the Invention Scam Companies Write the Script?
September 30, 2009 | Posted by Victor Want to hear the truth? Invention scam companies are good for the invention industry. Oops, that’s an invention lie. Want to hear the real truth? Invention scam companies are a disaster for the invention industry.
We’ve all read about the financial Ponzi schemers in the media recently and how they have destroyed thousands of innocent people out of their life’s savings. It’s disgusting isn’t it?
Well, how many of you are disgusted with the invention company schemers who have been doing the exact same thing to innocent people? I know I am.
Loading ...The problem is, very few people know about it. The media doesn’t broadcast this financial fraud like they do the financial debacle. It’s a shame because more people are getting hurt everyday by these invention scam companies and only a few of the good guys are doing anything about it.
Hopefully one day soon the media or the USPTO or some of the various good guys in the invention industry will take a stronger stand and call out these bad guys in a tougher more insistent way. Until then we must put up with it, and that’s no lie.
Here is how I suggest we eradicate these scammers.
- There is a strict law that applies to patent Attorney’s. They must abide by the rules and regulations of the USPTO. So, why not develop a set of strict rules for all invention companies to abide by as well. It should be mandated by law and administered by the USPTO. Every company must register with the USPTO and follow certain rules and regulations.
- Make it mandatory that all invention companies work on a contingency basis. Since these scammers all claim they can make you rich – MAKE THEM PROVE IT. They won’t/don’t get paid until/unless you the inventor make money.
- Let the new USPTO division (I mentioned above) put out a list of all registered invention companies. If a company is not on the list they are to be avoided by the public.
This is not an exhaustive list, it is only a start. If we in the industry want to continue to help clean up the industry, let’s do more than what we are doing now.
I will say however, there are several excellent companies and organizations that are doing a terrific job to help inventors. They are just not as publicized or well know to the general public as they should be.
If the public has one source to go to such as the USPTO to find out who the good guys are, then the industry will start to shake out the scammers and we will all be better off for it, and that’s no lie either.
Categories: Deceptive Invention Companies, Invention 101, Inventor, Legal Protection, Patent Attorney's, Promotion & Advertising, United States Patent and Trademark Office | 
Tags: business, Financial, invention, Inventor, Rules, SCAM, Tips | 
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