Google Apps…for FREE!

Check out what this scammer is doing:

  1. Bidding on the term “google apps” in AdWords.

  1. Utilizing a hosted Google Page, selling the benefits of Google Apps.

  2. Directing visitors to get Google Apps for free, simply by clicking on a Google Apps link that just so happens to be an AdSense ad…for Google Apps.

It looks to me like they are paying somewhere in the range of a $3.00 CPC. I would think that would make this scam a bad deal for them. Am I missing something here? Thoughts?