Author Topic: PSA: Don't swipe recklessly for others (Read 678345 times)

YesThatsMe · « **Reply #2000 on:** February 12, 2019, 10:50:21 AM »

Quote from: JACKBLUE on February 12, 2019, 10:30:51 AM

From what I’m hearing from people is that it’s not over.... they used to pay in full every statement and now they’re making just minimum payments and they claim they’re not doing so well in their business but they hope to straighten out..... also they’re didn’t run away and they’re picking up phone calls (at least so far)........ let’s hope they STRAIGHTEN OUT......!

+1

Dan · « **Reply #2001 on:** February 12, 2019, 10:52:15 AM »

Quote from: Chief Rabbi of New York on February 12, 2019, 07:47:26 AM

Wow
Still no write up on DDMS

Maybe these stories are not true ?

It took a long time to get a full story on sungames and farmers. I have lots of random pieces of various stories, but nothing coherent enough for a full post. Altogether it seems like a book could be written, but most people are still hoping for payback and feel that writing about it will be bad.

SearchGuy · « **Reply #2002 on:** February 12, 2019, 10:53:44 AM »

I think rather dispute than paying minimum!

joey89 · « **Reply #2003 on:** February 12, 2019, 10:55:03 AM »

Quote from: JACKBLUE on February 12, 2019, 10:30:51 AM

From what I’m hearing from people is that it’s not over.... they used to pay in full every statement and now they’re making just minimum payments and they claim they’re not doing so well in their business but they hope to straighten out..... also they’re didn’t run away and they’re picking up phone calls (at least so far)........ let’s hope they STRAIGHTEN OUT......!

Are they paying the interest also?

Dan · « **Reply #2004 on:** February 12, 2019, 11:07:03 AM »

Quote from: SearchGuy on February 12, 2019, 10:53:44 AM

I think rather dispute than paying minimum!

What are you disputing? There's evidence that people authorized charges.

sruly · « **Reply #2005 on:** February 12, 2019, 11:20:49 AM »

Quote from: Dan on February 12, 2019, 11:07:03 AM

What are you disputing? There's evidence that people authorized charges.

but product/services were never received.
Not much too lose by trying (except they all think that somehow they will still be paid back).

SearchGuy · « **Reply #2006 on:** February 12, 2019, 11:28:28 AM »

Quote from: Dan on February 12, 2019, 11:07:03 AM

What are you disputing? There's evidence that people authorized charges.

Didn't receive the goods

Dan · « **Reply #2007 on:** February 12, 2019, 11:29:22 AM »

https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1

churnbabychurn · « **Reply #2008 on:** February 12, 2019, 11:51:34 AM »

Quote from: Dan on February 12, 2019, 11:29:22 AM

https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1

Filthy

Something Fishy · « **Reply #2009 on:** February 12, 2019, 11:53:44 AM »

TD:LR version?

Baruch · « **Reply #2010 on:** February 12, 2019, 11:56:53 AM »

Quote from: joey89 on February 12, 2019, 10:55:03 AM

Are they paying the interest also?

If there's no heter iska, it's a major ribbis problem

sruly · « **Reply #2011 on:** February 12, 2019, 12:01:08 PM »

Quote from: Dan on February 12, 2019, 11:29:22 AM

https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1

Amazing and scary to read.
Making me rethink my exposure......

skyguy918 · « **Reply #2012 on:** February 12, 2019, 12:14:52 PM »

Quote from: Something Fishy on February 12, 2019, 11:53:44 AM

TD:LR version?

As best as I can tell, a loan gemach was used to facilitate the cc charges from the 'lenders' to the 'borrower'. One of the 'lenders' started to dispute upwards of $400k that I guess he was never repaid, and the loan gemach filed against that 'lender' to prevent any further chargebacks (and I assume to force a reversal of said chargebacks). The whole thing is crazy.

Fascinating (and sad) that the 'swiper/borrower' appears to have insulated themselves somewhat from future problems by not processing the cc swipes themselves.

ETA: Seems like there were other facilitating entities between this 'lender' and the 'swiper/borrower' as well, not sure if there are separate cases about those.

chevron · « **Reply #2013 on:** February 12, 2019, 12:18:15 PM »

Quote from: Dan on February 12, 2019, 11:29:22 AM

https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1

Holy crap!!!

chevron · « **Reply #2014 on:** February 12, 2019, 12:19:50 PM »

Quote from: skyguy918 on February 12, 2019, 12:14:52 PM

As best as I can tell, a loan gemach was used to facilitate the cc charges from the 'lenders' to the 'borrower'. One of the 'lenders' started to dispute upwards of $400k that I guess he was never repaid, and the loan gemach filed against that 'lender' to prevent any further chargebacks (and I assume to force a reversal of said chargebacks). The whole thing is crazy.

Fascinating (and sad) that the 'swiper/borrower' appears to have insulated themselves somewhat from future problems by not processing the cc swipes themselves.

I didn't read all but per gemach affidavit, the borrower paid the lender and has proof

skyguy918 · « **Reply #2015 on:** February 12, 2019, 12:25:48 PM »

Quote from: chevron on February 12, 2019, 12:19:50 PM

I didn't read all but per gemach affidavit, the borrower paid the lender and has proof

Yeah, I saw that. But it seems unlikely that's the whole story.

rileywiles23 · « **Reply #2016 on:** February 12, 2019, 12:27:15 PM »

Quote from: skyguy918 on February 12, 2019, 12:14:52 PM

As best as I can tell, a loan gemach was used to facilitate the cc charges from the 'lenders' to the 'borrower'. One of the 'lenders' started to dispute upwards of $400k that I guess he was never repaid, and the loan gemach filed against that 'lender' to prevent any further chargebacks (and I assume to force a reversal of said chargebacks). The whole thing is crazy.

Fascinating (and sad) that the 'swiper/borrower' appears to have insulated themselves somewhat from future problems by not processing the cc swipes themselves.

ETA: Seems like there were other facilitating entities between this 'lender' and the 'swiper/borrower' as well, not sure if there are separate cases about those.

Borrower paid the lender but there were other facilitating entities between this 'lender' and the 'swiper/borrower' as well that weren't paid so I think the lender disputed original charges Bec. of that.

skyguy918 · « **Reply #2017 on:** February 12, 2019, 12:31:18 PM »

Quote from: rileywiles23 on February 12, 2019, 12:27:15 PM

Borrower paid the lender but there were other facilitating entities between this 'lender' and the 'swiper/borrower' as well that weren't paid so I think the lender disputed original charges Bec. of that.

What other entities? It says the 'lender' allowed the gemach to charge his cc. The gemach then gave the money to the 'borrower'. The 'borrower' alleges that he repaid the 'lender' directly. But if that were true, why dispute? It's possible that there were many other charges the 'lender' allowed, and on balance the 'borrower' still owes the 'lender', so the 'lender' just picked random charges to dispute. That seems a lot more likely than the 'lender' has been repaid in full and randomly decides to do chargebacks.

Also, I glanced at the other exhibits. Seems pretty clear that the 'borrower' got a lawyer to file on behalf of several different intermediaries, against any 'lender' that did chargebacks.

Yehuda25 · « **Reply #2018 on:** February 12, 2019, 12:52:58 PM »

Quote from: Dan on February 12, 2019, 11:29:22 AM

https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=iRcRHuyZUdOIx69D00a5XQ==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1

can someone summarize for the non lawyers among us?

stooges44 · « **Reply #2019 on:** February 12, 2019, 12:56:18 PM »

Quote from: Yehuda25 on February 12, 2019, 12:52:58 PM

can someone summarize for the non lawyers among us?

+1 $:-\$

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Author Topic: PSA: Don't swipe recklessly for others (Read 678345 times)