Author Topic: PSA: Don't swipe recklessly for others  (Read 274047 times)

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #2130 on: February 17, 2019, 08:50:31 PM »
I think Sterling bought The Buzz
Tried to buy the Buzz

Offline Don Will

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Re: PSA: Don't swipe recklessly for others
« Reply #2131 on: February 17, 2019, 08:53:38 PM »
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.

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #2132 on: February 17, 2019, 09:16:55 PM »
All of this still seems like something is not accurate
Not even one person came forward saying they were scammed
Show Some Respect for Me, I am The Chief Rabbi of New York :)

Offline zh cohen

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Re: PSA: Don't swipe recklessly for others
« Reply #2133 on: February 17, 2019, 09:28:12 PM »
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...

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #2134 on: February 17, 2019, 09:41:11 PM »
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 ?
Show Some Respect for Me, I am The Chief Rabbi of New York :)

Offline zh cohen

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Re: PSA: Don't swipe recklessly for others
« Reply #2135 on: February 17, 2019, 10:26:12 PM »
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

Offline zh cohen

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Re: PSA: Don't swipe recklessly for others
« Reply #2136 on: February 17, 2019, 10:31:19 PM »

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?)

Offline Mplace

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Re: PSA: Don't swipe recklessly for others
« Reply #2137 on: February 17, 2019, 10:31:59 PM »

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
What's your plan for yud shvat?

Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #2138 on: February 17, 2019, 11:58:48 PM »
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.

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #2139 on: February 18, 2019, 12:08:03 AM »
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...

Offline Z56

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Re: PSA: Don't swipe recklessly for others
« Reply #2140 on: February 18, 2019, 12:13:48 AM »
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
True friends are like diamonds, precious and rare. False friends are like leaves, found everywhere.

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #2141 on: February 18, 2019, 12:23:32 AM »
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.

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #2142 on: February 18, 2019, 05:36:03 AM »
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 ?
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Offline DealKiller

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Re: PSA: Don't swipe recklessly for others
« Reply #2143 on: February 18, 2019, 07:29:49 AM »
During my days at Sterling I had some time on my hands.
Can you please explain their business model?

Offline JACKBLUE

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Re: PSA: Don't swipe recklessly for others
« Reply #2144 on: February 18, 2019, 07:59:45 AM »
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