So, this guy tells people he has a "revolutionary" technology that speeds up downloading from the Internet by a factor of maybe a hundred times or more. With it, you can download a full-length movie in seconds. He's had meetings with the President and vice-President about it and is working on ways to use it to beef up national security. Who wouldn't invest in a thing like that? He even wheedles money out of his relatives and his wife's family.
OK, you can see where this is going, right? The thing's a fake, a phony, a fraud. To be honest, I kind of hesitate to post stories like this since this site concerns itself with hoaxes; this, I would say, belongs more in the "scam" category. Still, it has hoax elements to it, so for what it's worth, here it is for your dining and dancing pleasure.
Breakthrough Internet Scam
The Plot Thickens