PSA: Don't swipe recklessly for others

[YesThatsMe]

I think Sterling bought The Buzz

Tried to buy the Buzz

[Don Will]

I'm still confused how the buzz fit in

Sterling was in the process of buying out the buzz. They were running the operation as if they actually owned it but did not actually own the buzz yet.

[Chief Rabbi of New York]

All of this still seems like something is not accurate
Not even one person came forward saying they were scammed

[zh cohen]

All of this still seems like something is not accurate
Not even one person came forward saying they were scammed

Because all the people that fell for it in the first place, are the people that still believe that if they keep quiet they'll get their money back...

[Chief Rabbi of New York]

Because all the people that fell for it in the first place, are the people that still believe that if they keep quiet they'll get their money back...

Seriously ? So they believe that the people will have money later and steal from them if they say anything public ?
Madoff went to prison for his Ponzi scheme
Should these people join him ?

[zh cohen]

With the exception of the CH court docs, the ratio of Hock/talk to details on this thread is staggering

The court documents are not from the CH story

[zh cohen]

Seriously ? So they believe that the people will have money later and steal from them if they say anything public ?

No, not at all. From the comments here it seems that they are being told that the only way it will work out is if they have time. (for what, I don't know. Maybe to liquidate the inventory?)

[Mplace]

Seriously ? So they believe that the people will have money later and steal from them if they say anything public ?
Madoff went to prison for his Ponzi scheme
Should these people join him ?

yes

[zale]

No, not at all. From the comments here it seems that they are being told that the only way it will work out is if they have time. (for what, I don't know. Maybe to liquidate the inventory?)

From my understanding, liquidating the inventory will not cover what they owe. Not even close.

For all we know, they can be liquidating to use that money for their own legal defense. They can put that money in an offshore account and run away to another country to escape the inevitable barrage of civil lawsuits. "Give us time to work this out" can really mean "give us time to flee".

The fact that they are NOT CLEAR with the investors (or "victims") about what their plan is should raise a million red flags.

[YesThatsMe]

From my understanding, liquidating the inventory will not cover what they owe. Not even close.

For all we know, they can be liquidating to use that money for their own legal defense. They can put that money in an offshore account and run away to another country to escape the inevitable barrage of civil lawsuits. "Give us time to work this out" can really mean "give us time to flee".

The fact that they are NOT CLEAR with the investors (or "victims") about what their plan is should raise a million red flags.

“Offshore Accounts” lol these are the kind of guys for whom Connecticut was exotic...

[Z56]

All of this still seems like something is not accurate
Not even one person came forward saying they were scammed

I know many people scammed

[YesThatsMe]

During my days at Sterling I had some time on my hands. My job consisted of very basic bookkeeping on excel sheets, otherwise there wasn’t much work that our inventory software didn’t do for us, except during tax season. (Another reason I left, and why I wasn’t replaced until a few months ago).

Anyways I spent time reading these forums. When I found the Sungames thread I was enthralled, read it from start to end, which took me 2 days! (I knew shimino1 personally so really found it entertaining).

I then remember thinking, yikes, I’m sitting at a Sungames in the making, if things continue in certain ways. It’s so saddening to see “the end”. The owners were wonderful hardworking yidden who would run away from even a Chasash of Gezel. They didn’t take anything for themselves, they lived on the bare minimum. Most employees were getting paid more, which was kind of ridiculous, but they wanted to sacrifice in order to build. I hope everyone, including them, come out b’shalom. If there is a process in the making which can solve something, it should be at least given a try, it’s the best bad option right now. All the hate definitely won’t help and will make things worse.

[Chief Rabbi of New York]

I know many people scammed

And they really aren’t saying anything to @Dan because they think if they are quiet they might get paid back ?

[DealKiller]

During my days at Sterling I had some time on my hands.

Can you please explain their business model?

[JACKBLUE]

And they really aren’t saying anything to @Dan because they think if they are quiet they might get paid back ?

they did reach out to @Dan