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Messages - PSA

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 03:54:37 PM »
I understand that you are unfortunately under a lot of pressure, but this has zero relevance to anything @mmgfarb wrote. It may or may not affect defaulting options, but does that mean it will keep one under the radar?
100% and that's not coming from people with ulterior motives...

This is a useless argument. Every person who's involved should make their decision based on the advice of their attorney, and rav

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 03:48:13 PM »

I was only addressing your third point that you would stay under the radar by not disputing. I haven't given any advice about disputing or any other legal matter. I just think that anyone who is under the impression that not disputing will keep you under the radar is either deluding themselves or is being told that by someone with alterior motives. As I said, if you have reason to believe that what I said isn't true then please share but from everything I can see here and elsewhere, there is no reason to think that the banks aren't looking at every transaction.

You just think.... Blah blah....
Again, disputing can potentially affect your defaulting options.

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 02:51:09 PM »
I know for a fact that people have been either AA'd or FRed for transactions that took place years ago, that would imply strongly that the banks are looking at every single transaction that these companies did. If you have reason to believe otherwise then please share but there's no logical reason to believe that anyone who is in this mess is going to fly under the radar.
Imply strongly... No logical reason...

Still did not address any of my other points.

Funny how all of a sudden everyone is a legal expert and can give advise disputing credit cards.

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 02:45:17 PM »
Did a non-biased lawyer tell you this?
More then one
He stated a fact that everyone is on the radar, not sure why he needs to be a Rav or a lawyer to know that.
Does not address any of the other points I made

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 02:42:16 PM »
The banks know about each an every one or the people involved. Hell, they're even shutting people down who swiped once, years ago. There's no way you're staying under the radar by not disputing.
-1 You seem to just like make bold statements. Are you a lawyer? Are you a Rav?

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: March 06, 2019, 02:25:51 PM »
The question is if there is a downside to disputing and trying that method before going the bankruptcy/settlement route. What's the worst case scenario? If you lose the dispute, does that make you ineligible to settle?

1) While there might be ways to phrase the dispute that wont be a straight out lie, at the end of the day the reality is all cc holder's lent money to someone on his own credit card, and the swiper did not pay back. While you are not under oath, you are in a way trying to defraud the bank Whatever you are going to tell the bank is misconstruing the truth, and essentially a lie which is a problem halachichally as well, since you are attempting to steal money from the bank.
2) If you lose the dispute, that would mean the bank did their investigation, and decided you are in the wrong. It just might make things much harder when trying to settle with the bank afterwards
3) Disputing brings much more attention to your account and connecting you to the story, wherein defaulting/settling you are one of many people that that go through that process

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 26, 2019, 02:47:40 PM »
The perpetrator can also be trying to instill fear in his victims by spreading that they will caught up in a criminal investigation if they try to sue him.

I'm not saying that can't happen, but everyone should be speaking to a competent lawyer to see what the risks are. Hearsay means nothing.
In this case it isn't. The banks have already initiated investigations but I agree with you. Everyone needs to do find their own legal, and rabinnical advice.

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 26, 2019, 02:13:58 PM »
Klein had long meetings with S****. They claim it's to benefit all involved but I have no doubt in my mind that they are working for him as well to fight anybody who tries disputing charges on their own.

If you pay them their fees they'll work for you to get the money back, but they are correct that unless you have clear proof that the charges were unauthorized, your stepping into dirty water trying to dispute, and the processing bank will most likely come after you.

Can also be a problem halachilally to dispute. Questions about lying, defrauding/stealing from the bank. AYLOR

The main reason why people aren't suing is bec. it's not a question if this will turn criminal, but a matter of when it'll become criminal. There is too much money, and parties involved here for it not to be.
Once you sue/dispute your connected to the story and subjecting yourself to questions, subpoenas etc.

Although non of the cardholders did anything illegal by swiping/lending their cards to someone else, people might just want to distance themselves from this story as much as they can.


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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 26, 2019, 11:54:28 AM »
Is this info hearsay only? Does anyone have addresses of properties? Because that is really the only assets that anyone can go after, they have no cash laying around and the inventory is probably not worth much.
I have the addresses to real estate that he owns, but there isn't much liquidity in them. Afaik he only owns a small percentage, as mortgages etc. haven't been paid much. His own house isn't under his name, it's under some business entity. He has no cash at all, and whatever inventory he has isn't being used to pay his debtors

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 26, 2019, 07:28:51 AM »

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 25, 2019, 11:49:41 PM »
Here is a little update. Did alot more digging recently. The whole story about S**** Credit card processor getting frozen is a lie. He just decided that he had enough of the Ponzi scheme and didn't want continue this, and decided to bust out. He's still doing sales and, his processor is doing just fine. Hes sitting on millions of dollars of inventory that he continues to sell on Amazon. his store name on Amazon is Super deal ( wonder if there is a way to alert Amazon about what he did)
And just using whatever money he can get his hands on to retain legal help to cover himself. In addition he used people cards without permission

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 25, 2019, 04:21:52 PM »
for all the horror stories we have there are probably 10 times more stories where people made and continue to make about 24% a year (+SUB) without laying out a penny . it's easy to make fun when it goes bad but lots of people risked a lot and make good money.

I know people who have already profited over 100% (+sub) and they are very happy they took the risk.
There are people that made a killing off S****-  easily high 6 figures - He's been doing this with certain people for quite a number of years. He would boast to me about the amount of money people made off of him.
Everyone is happy they took the risk as long as it's going good, but when it comes crashing down then it's a different story. Your arguments are ludicrous.

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 24, 2019, 02:26:30 PM »
Does that mean these two stories are one?
No. Two seperate stories.

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 24, 2019, 02:23:38 PM »
Circulating a half a billion for what? He must of had a very very big business if those were his CF needs.
Or maybe his business *was* circulating cash..
Ran a half billion of credit card swiping

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Just Shmooze / Re: PSA: Don't swipe recklessly for others
« on: February 24, 2019, 10:00:09 AM »
You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community
I wouldn't say that so fast. S**** alone was circling close to half a billion dollars the last 2-3 years. That's a heck alot of points before the 1.5k, 5x etc.
And this doesn't include all the other businesses that do this

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