The eBay Bandit

Two days ago Matthew McConaughey auctioned off a 1971 Corvette Stingray convertible for $61,600 on eBay that he will donate to Hurricane Katrina Relief. Last week Barry Bonds' 715th home run ball fetched $220,100 after 69 bids were placed over the duration of the eBay auction. Most of us remember in November of 2004 Goldenpalace.com purchased a piece of toast that had an image of the Virgin Mary burned onto it on eBay for $28,000. Today however there is an auction on eBay that tops all of these auctions. Ron Steen is a college freshman that will be enrolled at Cal State Fullerton on August 21st, and he is attempting to pay for college in a very unique way. Steen is offering 2% of his lifetime work earnings, in exchange for $100,000 this week to pay for his college tuition on eBay. Steen makes the outrageous claim that "after my education I plan on making at least 30 million dollars in my lifetime. When I meet my goal, you will make six times your original investment." Another amusing part of the auction is the Q&A section where Steen attempts to justify and defend his argument and admits when one user questions is spelling and grammar, Steen admits that he is not that good of a speller. If Ron Steen somehow manages to con someone out of his money, then Ramble On wants to be the first to claim that Steen never graduates college, invests his money, and lives off the interest without making any more money the rest of his life.