Silicon Alley Insider is reporting that the pointless $999.99 "I am Rich" iPhone app has been removed the iTunes App Store. All the stupid app did was display a red gem on the iPhone's screen.
Behold: "I Am Rich," a $999.99 app from Armin Heinrich, which just displays a red gem on the phone's screen -- nothing else.
"The red icon on your iPhone or iPod touch always reminds you (and others when you show it to them) that you were rich enough to afford this," the app's information page says in iTunes. "It's a work of art with no hidden function at all."
The upside for Apple: $300, or 30%, of all purchases. The downside: Good luck enforcing that "all sales final" policy on this scam.
Valleywag recounts some of the funny and cynical users comments lefts on the "I Am Rich" app listing. Meanwhile, Gizmodo and MacRumors are blogging about how Apple can remotely deactivate apps on your iPhone.
Silicon Alley Insider is 
