shop4patents Blog

By Julie Austin – Inventor

About fifteen years ago I was running in the Texas heat when I passed out from dehydration. I had my Walkman (before ipods) in one hand and my keys in the other, and had no room to carry a water bottle. I thought I had consumed enough water for a short run, but a short run turned into a long run and before I knew it I hit the pavement and ended up in the hospital.

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By Dave S.: “For Release: September 6, 2007″:

Invention Promotion Swindlers Ordered to Pay $60 Million in Scheme that Defrauded 17,000 Consumers
The operators of an invention promotion business, which a judge called “one grand con game to take money away from consumers,” have been ordered to pay $60 million for violating a 1998 court order.

“By changing the name of their company, these individuals thought they could continue to make false promises and take inventors’ money, but they didn’t get away with it,” said Lydia Parnes, Director of the FTC’s Bureau of Consumer Protection. “This scam should also remind inventors to question the assurances of promotion firms. No one can guarantee an invention’s commercial success.”

Under the 1998 order, Julian Gumpel, Darrell Mormando, Michael Fleisher, and Greg Wilson were barred from misrepresenting the services they offered to amateur inventors, but they revived their scam under a new name, the Patent & Trademark Institute (PTI). For a fee of $895 to $1,295, PTI promised to evaluate the marketability and patentability of inventors’ ideas, but its evaluations were almost always positive and were not meaningful, according to the FTC. For a fee of $5,000 to $45,000, PTI’s clients were offered legal protection and assistance to obtain commercial licenses for their inventions. They also were told that PTI would help them earn substantial royalties from their inventions, but PTI did not help consumers license their inventions, and clients did not earn royalties. (more…)

September 27- 30, 2007
Location: Taipei, Taiwan
Venue: Taipei World Trade Center Exhibition Hall
Admission is Free
Exhibition opportunities available.For more information, please contact:
Show Manager: Arthur Sun
http://www.InvenTaipei.com.tw

E-mail: invent@taitra.org.tw
Exhibition Department, TAITRA
5 Hsin-yi Road, Sec. 5, Taipei, Taiwan 11011, ROC
Tel: 886-2-2725-5200 Ext. 2862
Fax: 886-2-2729-1089

Yankee Invention Exposition

New England’s leading Invention Exposition.

Yankee Invention Expo 2007 and Yankee Entrepreneur Workshops will be held on Thursday, Friday and Saturday, October 11 through 13, 2007 in Waterbury, Connecticut.

1-203-575-8322
www.yankeeinventionexpo.org

Taipei International Invention Show & Techno mart
September 27- 30, 2007. Location:

For more information, please contact:
Show Manager: Arthur Sun
http://www.InvenTaipei.com.twE-mail: invent@taitra.org.tw
Exhibition Department, TAITRA
5 Hsin-yi Road, Sec. 5, Taipei, Taiwan 11011, ROC
Tel: 886-2-2725-5200 Ext. 2862
Fax: 886-2-2729-1089 

Yankee Invention Exposition

1-203-575-8322
www.yankeeinventionexpo.org