Author Topic: PSA: Don't swipe recklessly for others  (Read 265353 times)

Online chayal101

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Re: PSA: Don't swipe recklessly for others
« Reply #2880 on: March 03, 2019, 12:17:07 AM »
Is he would represent a victim and the defendant he could get disbarred for the conflict of interest.
At the same time, Twersky is also representing a guy that disputed charges in another very popular case....
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Offline lakewood34

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Re: PSA: Don't swipe recklessly for others
« Reply #2881 on: March 03, 2019, 12:18:05 AM »
who said that some people were told that if they talked they wouldn't get their money back
was that dan or benny?
of course twersky denied it ever happened
I wouldn't be surprised if a threat like that is illegal
(unless what they were saying was if you go public i wouldn't be able to get loans to pay you off because everyone will stop lending -in that case it's not a threat just a statement of fact)
also the 50 million dollar number is staggering especially considering that probably a very significant percentage was money that people couldn't afford to lose

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #2882 on: March 03, 2019, 12:19:03 AM »
who said that some people were told that if they talked they wouldn't get their money back
was that dan or benny?
of course twersky denied it ever happened
I wouldn't be surprised if a threat like that is illegal
(unless what they were saying was if you go public i wouldn't be able to get loans to pay you off because everyone will stop lending -in that case it's not a threat just a statement of fact)
also the 50 million dollar number is staggering especially considering that probably a very significant percentage was money that people couldn't afford to lose
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Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #2883 on: March 03, 2019, 12:27:12 AM »
It's pretty clear to me that Twersky was brought on so that there should be representation from "both sides".

The problem is that Twersky did not represent his side or tell his client's side of the story (because of attorney-client privilege). Instead, he made two main statements:

  • "Investors" need to be careful with how and where they invest, especially when giving unsecured loans
  • Don't try to do a chargeback, because that will cause you to get into trouble criminally. He went on to say that banks have a "direct line" to the NYPD etc. and that they can charge you criminally for making a false claim that you never authorized the merchant to charge the card when you actually did.

Make no mistake. Both of these statements were for the benefit of his client. As others' have said, he's framing this story not as a criminal case but as an investment gone bad. Basically investors made a bad investment and it's really really sad.

The warning about chargebacks is not necessarily bad advice for the victims, but he could have said it for a number of reasons. One that stands out is that if indeed people can end up being criminally charged for doing this, the blame for that will be pinned on his clients. Another one is that those banks can open a criminal investigation on his client for all the chargebacks.


Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2884 on: March 03, 2019, 12:27:22 AM »
who said that some people were told that if they talked they wouldn't get their money back
was that dan or benny?
of course twersky denied it ever happened
I wouldn't be surprised if a threat like that is illegal
(unless what they were saying was if you go public i wouldn't be able to get loans to pay you off because everyone will stop lending -in that case it's not a threat just a statement of fact)
also the 50 million dollar number is staggering especially considering that probably a very significant percentage was money that people couldn't afford to lose
It’s possible someone else besides the lawyer said it, possibly even before he came on board. (iirc what was said was, that there was one of these dispute companies involved “trying to make it work for both sides” it’s possible one of these non lawyers said it)

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2885 on: March 03, 2019, 12:32:03 AM »
It's pretty clear to me that Twersky was brought on so that there should be representation from "both sides".

The problem is that Twersky did not represent his side or tell his client's side of the story (because of attorney-client privilege). Instead, he made two main statements:

  • "Investors" need to be careful with how and where they invest, especially when giving unsecured loans
  • Don't try to do a chargeback, because that will cause you to get into trouble criminally. He went on to say that banks have a "direct line" to the NYPD etc. and that they can charge you criminally for making a false claim that you never authorized the merchant to charge the card when you actually did.

Make no mistake. Both of these statements were for the benefit of his client. As others' have said, he's framing this story not as a criminal case but as an investment gone bad. Basically investors made a bad investment and it's really really sad.

The warning about chargebacks is not necessarily bad advice for the victims, but he could have said it for a number of reasons. One that stands out is that if indeed people can end up being criminally charged for doing this, the blame for that will be pinned on his clients. Another one is that those banks can open a criminal investigation on his client for all the chargebacks.

Regarding chargebacks, victims should speak to a lawyer that represents THEM, a lawyer will advise what he thinks is best course of action.
If there were to be a criminal investigation his client has a lot more to be worried about.

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2886 on: March 03, 2019, 12:32:54 AM »
Me.
When will we get the transcript for those that couldn’t listen.

Offline lakewood34

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Re: PSA: Don't swipe recklessly for others
« Reply #2887 on: March 03, 2019, 12:35:16 AM »
It’s possible someone else besides the lawyer said it, possibly even before he came on board. (iirc what was said was, that there was one of these dispute companies involved “trying to make it work for both sides” it’s possible one of these non lawyers said it)
i can't imagine that anyone thinks twersky would have said any such thing he is way to smart for that and that's not what i meant
I just said that on the program twersky denied that anybody had made such threats

Offline lakewood34

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Re: PSA: Don't swipe recklessly for others
« Reply #2888 on: March 03, 2019, 12:38:19 AM »
It's pretty clear to me that Twersky was brought on so that there should be representation from "both sides".

The problem is that Twersky did not represent his side or tell his client's side of the story (because of attorney-client privilege). Instead, he made two main statements:

  • "Investors" need to be careful with how and where they invest, especially when giving unsecured loans
  • Don't try to do a chargeback, because that will cause you to get into trouble criminally. He went on to say that banks have a "direct line" to the NYPD etc. and that they can charge you criminally for making a false claim that you never authorized the merchant to charge the card when you actually did.

Make no mistake. Both of these statements were for the benefit of his client. As others' have said, he's framing this story not as a criminal case but as an investment gone bad. Basically investors made a bad investment and it's really really sad.

The warning about chargebacks is not necessarily bad advice for the victims, but he could have said it for a number of reasons. One that stands out is that if indeed people can end up being criminally charged for doing this, the blame for that will be pinned on his clients. Another one is that those banks can open a criminal investigation on his client for all the chargebacks.

a third reason is that if a chargeback is successful then the business now owes the credit card company money .maybe his client would much rather owe money to a bunch of individuals then to some big banks with much more assets at their disposal to come after him
again the advice might be correct but if you have significant money at stake get it from somebody that represents you

Online chayal101

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Re: PSA: Don't swipe recklessly for others
« Reply #2889 on: March 03, 2019, 12:40:30 AM »
The fact that Twersky says that most will not see back their money is pretty frightening, and very not encouraging to the victims... We're talking about young 20-25 year olds left with 100k in debt...
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Offline mmgfarb

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Re: PSA: Don't swipe recklessly for others
« Reply #2890 on: March 03, 2019, 12:41:46 AM »
Is he would represent a victim and the defendant he could get disbarred for the conflict of interest.
Obviously, that's what I found funny, the whole thing is just ironic.
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Offline TimT

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Re: PSA: Don't swipe recklessly for others
« Reply #2891 on: March 03, 2019, 12:42:24 AM »
When will we get the transcript for those that couldn’t listen.
YWN should have it up any minute now

Offline mmgfarb

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Re: PSA: Don't swipe recklessly for others
« Reply #2892 on: March 03, 2019, 12:45:32 AM »
YWN should have it up any minute now
ALOL
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Offline Ekay

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Re: PSA: Don't swipe recklessly for others
« Reply #2893 on: March 03, 2019, 12:54:50 AM »
YWN should have it up any minute now
Dont see it....link pls.

Offline rileywiles23

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Re: PSA: Don't swipe recklessly for others
« Reply #2894 on: March 03, 2019, 12:56:18 AM »
The fact that Twersky says that most will not see back their money is pretty frightening, and very not encouraging to the victims... We're talking about young 20-25 year olds left with 100k in debt...
I don't think you needed twersky to say that.

The amount of money that has been lost between all the recent stories is astronomical.

Would take a miracle for all the victims to get their money back.
Life is as good as you make it...