Author Topic: PSA: Don't swipe recklessly for others  (Read 304789 times)

Offline AJK

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Re: PSA: Don't swipe recklessly for others
« Reply #3540 on: June 15, 2019, 11:51:41 PM »
you read through it pretty fast ! im still sitting with a calculator trying to see if it really $50 million

Stop wasting your time. It's not.

$6,811,445,84.

Case is almost certainly a loser.
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Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #3541 on: June 15, 2019, 11:56:14 PM »
Stop wasting your time. It's not.

$6,811,445,84.

Case is almost certainly a loser.
CMIIW but i see two cases one is for damages and one can put some people in jail for doing a Ponzi scheme
May you slide down the banister of happiness & get many splinters of success up your career.


Offline sillypainter

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Re: PSA: Don't swipe recklessly for others
« Reply #3543 on: June 16, 2019, 12:12:30 AM »
Stop wasting your time. It's not.

$6,811,445,84.

Case is almost certainly a loser.

It does not include all plaintiffs. I know a person that swiped over 100K and her name is not on there.

Offline lakewood34

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Re: PSA: Don't swipe recklessly for others
« Reply #3544 on: June 16, 2019, 12:21:06 AM »
It does not include all plaintiffs. I know a person that swiped over 100K and her name is not on there.
its heartrending  one extended family(based on the sharing of a uncommon last name) is on the hook for 1.5 million roughly
it does seem like the main point of the lawsuit is to allow the charge backs to proceed and get these people off the hook
they allege that the people were actively discouraged from filing chargebacks something dan mentioned on the air and twersky denied
they say it was a affinity scam targeted to hasidic jews
they say the processer fees over the life of the scam were 10 million so if it's 2 percent that makes 500 million going through the network over the years



Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3545 on: June 16, 2019, 12:24:07 AM »
its heartrending  one extended family(based on the sharing of a uncommon last name) is on the hook for 1.5 million roughly
it does seem like the main point of the lawsuit is to allow the charge backs to proceed and get these people off the hook
they allege that the people were actively discouraged from filing chargebacks something dan mentioned on the air and twersky denied
they say it was a affinity scam targeted to hasidic jews
they say the processer fees over the life of the scam were 10 million so if it's 2 percent that makes 500 million going through the network over the years
Most of that $10MM is rebated back to the cardholder.

I wonder why Twerski denied the threats?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline KSMH

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Re: PSA: Don't swipe recklessly for others
« Reply #3546 on: June 16, 2019, 12:32:17 AM »
The most one can say is WOW.

It literally is nation wide.

There are some people that would love this story.
Always praying for delayed baggage.

Offline KSMH

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Re: PSA: Don't swipe recklessly for others
« Reply #3547 on: June 16, 2019, 12:40:15 AM »
Based on these numbers you can easily see why some cc processors are stricter then others.

Look who is losing more money to these type of schemes.

It still does not justify them for not explaining or allowing explanations before closures.

Always praying for delayed baggage.

Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #3548 on: June 16, 2019, 12:46:56 AM »

It still does not justify them for not explaining or allowing explanations before closures.
Iíve been on the receiving end of shutdowns from banks and other businesses over the years. While it sucks, this is America, nobody can force them to do business with you. They donít need to ďjustifyĒ shutting anybody down.

Offline CountValentine

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Re: PSA: Don't swipe recklessly for others
« Reply #3549 on: June 16, 2019, 12:51:40 AM »
They donít need to ďjustifyĒ shutting anybody down.
Actually they do.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline KSMH

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Re: PSA: Don't swipe recklessly for others
« Reply #3550 on: June 16, 2019, 12:56:13 AM »
When dont they need to justify?

It hurts your CC score which on return can hurt loan applications ETC.

Big financial institutions should have the basic decency explaining shutdowns to consumers. Sadly this wont happen untill sued successfully.
Always praying for delayed baggage.

Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #3551 on: June 16, 2019, 12:59:56 AM »
https://drive.google.com/file/d/19J9GYyg8gtHZ9RnhdqYvT393D7Csh8Y8/view?fbclid=IwAR1loxGhfSAtO70rgUuIDaOpKWrlfRg-AspDAXMW6zH1JhOXLI0frCeK1Lk

Wow. Some familiar names there. Interestingly someone there must have not consulted with his FIL before engaging in any of this.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline CountValentine

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Re: PSA: Don't swipe recklessly for others
« Reply #3552 on: June 16, 2019, 01:00:34 AM »
Sadly this wont happen untill sued successfully.
They have been for non-compliance letters and have lost. The problem is they don't care about playing by the rules.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #3553 on: June 16, 2019, 01:02:59 AM »
They have been for non-compliance letters and have lost. The problem is they don't care about playing by the rules.
Indeed. As evidenced by no one serving jail time or suffering personal financial consequences for bad activity, itís all passed on as a cost of doing business expense to the shareholders.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline CountValentine

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Re: PSA: Don't swipe recklessly for others
« Reply #3554 on: June 16, 2019, 01:05:20 AM »
Indeed. As evidenced by no one serving jail time or suffering personal financial consequences for bad activity, itís all passed on as a cost of doing business expense to the shareholders.
My guess if they said we are closing you because of XYZ they would open themselves up to even more suits.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch