Zer01Mobile announced back in the spring that they would offer an extraordinary plan for wireless phone service. But new details that have emerged about the company suggest it's all too good to be true.
According to
NetworkWorld.com, Zer01Mobile is worse than just vaporware; it may be an out-and-out fraud involving multi-level marketing. No word yet on if this allegation is true or not.
One of the company's key players has been in trouble with the law over securities fraud, has filed for bankruptcy and allegedly diverted money that he collected for investments to spend on jewelry.
Clark's advice is be very wary of this company until they prove they're an actual legitimate business. Where there's smoke, there may well be fire.
Meanwhile, in more positive news, people have been signing up for the $45/month unlimited calling and texting plan through
StraightTalk.com like gangbusters. This is about a third of the price you'd pay with Verizon, T-Mobile, Sprint or AT&T for similar service.
Straight Talk actually uses Verizon's network to place calls. So you can go with Verizon and pay $125/month for unlimited calling and texting or you can go with Straight Talk and use Verizon's infrastructure for $45/month. You do the math.
The biggest complaint about Straight Talk so far? A limited selection of phones.
If you don't need their unlimited plan, they also have a $30 monthly plan with 1,000 minutes and 1,000 text messages. That generous offer has prompted T-Mobile to respond with a similar $39/month offer in many markets.