Those insurance seminars promising $900 per week for a year to those paying a one-time sign-up fee of $25?

Yeah, it's a scam, according to state Insurance Commissioner Mike Kreidler's office.

Shocker.

Mike Kreidler's office on Monday issued a cease and desist order against Hobo Prince, aka Shelby Horatio Bell.

According to a press release, Bell, doing business as the totally believable "Hobo Prince Economic Project," has held seminars in Washington and Oregon, encouraging people to sign up for his nifty plan. Once a sucker participant pays a one-time $25 fee, Bunco Bell promises to pay the participant $900 a week for seven years.

Here are three of the most bell-ringing details from Kreidler's office.

ONE: Hobo maintained that, "each person's contract is financed through a complex series of transactions, including issuance of a $500,000 ‘reverse' insurance policy purchased with a $25,000 payment from an unnamed bank."

TWO: A contract obtained by Kreidler's investigators named a well-known insurer and one of its brokers - neither of which have any insurance arrangement with Bell or his program. In another contract, Bell maintained that he was the insurer."

THREE: Bell began every sentence with "Well, as Flo the Progressive Insurance girl once said. ..."