Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 120. (Read 529096 times)

paypal also has something called the paypal executive committee you can petition on stuff..some people got lucky last year with BFL refunds that way
till BFL started hiding banks/accounts from paypal thus it dried up....ask about that option as well...before alpha pulls the same stunt...i did eventually get
a refund from paypal this year...but missed a refund with the above paypal executive option back then by like 2 days...so my BFL refund was luck in hindsight
but don't count on luck with alpha...once they declare bankruptcy no money will move at all back to anyone for probably quite some time ...and any $$$ by
that point to customers will be measly imho

if folks don't have a cc this is probably one of only 2 options the other is to go back in the thread and contact the EU and UK consumer protection
links folks posted and various legal services..some folks also have used lawyers with good effect check out the thread

as always good luck

Searing

edit clarified above my bfl refund...1/2 came back via the way I paid paypal...the wire xfer part came back in that manner just to be clear on above.
So the BFL refund was due to difficulties this year BFL was having with probation of sonny v. and the class action suit....got all back in 6 month 1 day
manner on monarch upgrade..anyway just to be clear....this was all due JUST TO PLAIN DUMB LUCK...that last year I was DUMB enough to upgrade
my 65mm to a monarch...thus qualified for their desperate refund options they put up this year due to pressure on BFL.

So anyway ..don't rely on luck ...try the paypal exec committee and also the UK and EU consumer protection links back in this thread and pressure
you cc company with the www.coindesk.com article on alpha and their own NEWS statements....imho you have a much better shot with those
links included with any dispute to your cc company..good luck...eventually....alpha imho may freeze accounts etc ...likely just before bankruptcy
so start building your dispute file with the cc company asap

FWIW I also followed up by contacting PayPal Acceptable Use Policy Department and reporting my transaction as fraud.  Although it's past the deadline I think PayPal should be aware of what's going on.

me..no comment...I jumped off the train and was lucky enough to hit Lake amex off the train trestle (long fall) into kerplunk! refunded!.....so presently watching the train chug away
towards the landslide of 'customer dismay' ahead......anticipating the large alpha train wreck/derailment......arms getting tired ..hurry up already....

Searing
 

That's what I meant saying that Alpha Technology is run by naive youngsters. I was very surprised by their "shares" offer. Working in finance I know that anything related to "investment" is very highly regulated, particularly if you offer it to laymen. You need proper legal advise to do this. They are very foolish if they didn't get legal advise, as they may end up in prison. I don't think they deserve that (yet), as they genuinely tried to get the product out at the beginning.

I wonder if the best turn out is if Alpha Technology goes bankrupt. I think my CC may have to refund me based on section 75 and/or chargeback protection, although the payment went through paypal. There's some controversy, though:

http://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act

http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases

That's 5 MegaHeadache/s of fun for you...

  After reviewing today's data my gut feeling is this company will not last past the end of Q3, possibly sooner.  If any leverage by customers is to be applied via banking or legal institutions for recovery of funds it should be done now as whatever liquidation assets exist will be taken by creditors leaving little or no scraps for customer fund recovery.  As with the Black Arrow debacle (among others), the lesson learned is simple: buy from inventory SKUs and not from unsecured pre-order startups. I wish I could be more kind with my words but I've seen too many companies with lofty ambitions and good intentions flame out as they come to realize they've created a monster and wish it would just go away.  Best of luck.

Well Folks, you are being had and feed a bunch of lies.   I am a customer that been fighting Alpha T for your rights, but they ban folks for pointing out their blatant lies.  Do your homework, visit these two links and you will see the truth.  Do, not, I repeat Do Not, pass this vote until you read these posts on these links.  If you visit these sites, you will see this posted on the first site link.  You will see this post and who I am and what I had to say that that got me banned and what I had to say in my post along with everybody else that been banned and their post deleted on this forum to keep the truth away from you.  

https://bitcointalk.org/index.php?topic=314402.new#new

https://litecointalk.org/index.php?topic=2859.1455

This is irrelevant for them. They just wanted customers' money. They promised 30% shares but not with all this official stuff but more like boys in school exchange chewing gum for candy. Secret Brotherhood of Hash. Customers would get an e-mail like: Rest assured you now own 1/3001 of our company. Haven't you noticed how shocked they were that most of the people didn't give a damn about offered deal?

Anyway we're getting older and still there is no info about actual product. They have just enclosed some BS that they won't say a thing. Why? Because their partners made them to sign a non-disclosure agreement that they won't tell anyone about the co-operation (sic!). Also, by publication, they could loose the "competitive edge over their competitors". Megalomaniacs!

and off course now they post this proof before payment post, so no orders will be cancelled until there is proof - otherwise it would be a breach of T&C

here is Fiaz's reply to this (via PM off course)

"I did tell you I answered this, we are asking for payment now (8-10 before shipping in September) hence we have fulfilled this term."

such a warm reply, with full confidence on September delivery.

What do you guys think?

because bitcoin

So, they miss their deadline on delivery?

Why did people bet on new company with no record of delivering?

Perhaps this will all be beneficial to all? In the infancy of the crypto currency realm the Akram Clan attempted to represent their origins and place and their face on the ever emerging map.

Whereas in a law suite the inclusion clause in the US provides for: JOHN DOE 1 THROUGH 100

now in the UK such an inclusion in the immediate and for ever future shall be:

MOHAMMED 1 THROUGH MOHAMMED 100 ?


Please Fiaz Malik, for the love of all saintly things. Do not. I repeat do not bend over in the shower in gaol

Oh wait!

REFUNDED from alpha by American Express! (sorta kinda still confused)

long rant /ignore me or whatever....but happy rant...ahead!

OK to recap I put in dispute #1 to Amex on this whole Alpha mess.....they told me that Alpha had 45 days to reply...Alpha replied on 44th day.
Sent copy of my payment NOT in the manner that shows I owe more $$$ on the last 70% but just that I paid 405 british pounds....So about
a week after this I find out that Amex has cancelled my dispute. (ie round #1 alpha)

So I started dispute #2 with Amex and again filled them in on all the gory details ...the fact they took 30% down paypal and cc protected
xfers to the point where alpha says you can only get your 30% back in some manner...if you pay the last 70% off via an unsecured method
like 'wire xfer' bank xfer bitcoin etc..that and the copy of my real bill from alpha which clearly shows I owed another 70% that I had to pay
via wired xfer or whatever unsecured..in that alpha no longer takes paypal or cc etc like the original payment ..amex reps were universality
not pleased from what I could tell...felt played....anyway seemed so....chilly would be the response I'm looking for here I guess on alpha etc

So (see previous posts) I get Amex all wound up on the notion that they are somehow 'enabling' alpha with paypal with the 30% down
under their protection and then this pay the last part in full via unsecured wire xfers to get that original paypal and cc $$$ back or it is
lost...well Amex kinda really went off on this as a Vaporware scam...or so I was repeatedly told as I followed up and added things to my
dispute file with amex...that I was banned etc as things progressed....

So anyway a day after adding the weird rant on in news on www.alpha-t.net on how  now if I pay in full I can get stock or some such in alpha and giving amex the link...and
also the www.coindesk.com article on alpha which spells out all I've been telling Amex from a 3rd party (not just my word) point of view
good coindesk article by the way ..the Amex rep that took this further info said..from his point of view it was a scam and all this stuff is being forwarded to the Amex
fraud dept to blacklist alpha..I guess such info is sent off to other cc companies as well..he also stated other notations in my file as it grew
of such forwarding by other amex reps..as I added info to dispute area...(wanted counter aguements in dispute area for any lofty alpha rejoiners
such as I'm a business ....legal under UK law or other silliness..just so they (alpha) could punt the arguement along another 45 days etc etc

So next day I call Amex just to check my balance....argh....my dispute option on the dispute does not come up on the usual voice call for info
on amex etc

I freak...I was frigging sure I lost this 2nd dispute too...i figured....I call up Amex ..no YOU ARE REFUNDED IN FULL ...that is why the option is gone

was frigging STUNNED...they said it would take 72 hours...figured crap ....still not off the hook ..called amex like the next day to make sure I reall
was refunded as my account now stated...they said yep ..it is a done deal..no 'go backs' it is resolved done and over with!

broke out in bitcoin happy dance! (usually when bitcoin goes up 100 bucks) have no other happy dance at this point had to use that...

this is the part that makes me unsure about wtf is going on with the amex/alpha exchange....

the amex rep says they had 30 DAYS TO REPLY that was the other day  like tues/wens?  bingo/bango you are refunded in full

So I ask I thought they had 45 days....nope 45 days was initial dispute timeline..once they replied they only had 30 days on the
followup or something like that if I remember right (still stunned)

So anyway I'm left confused on if I got my refund because Alpha in its 'innate regular mode of ineptness'  simply thought they had
45 days and did not reply with usual platter and lies to get another 45 days to reply etc etc and instead
just screwed up..thinking they had 45 days to reply when they had 30....very possible
...thus I got in under the door coming down...by kinda slipping under at the last minute kinda thing?
due to their usual not know wtf is going on ..and them simply screwing up the timeline on the running con to amex?
ie I'm a fluke on this amex refund?....only applies cause they screwed up and thought they had more time
to blather on and postpone via amex dispute process?

or

I really don't know what info amex sent in the dispute esp the 2nd time around to alpha in its asking for a refund of my 30% down payment

If they basically sent a concise summary of what they sent alpha on what I told amex then alpha simply did not reply cause the
jig was up and amex was on to them.....but amex will not tell me what they sent for info to ask about this to alpha that is done
by their dispute dept so no idea if it was a worded letter by a person or just a form letter or what...all of this is done by amex
they say it is in their hands when I file a dispute..so heck maybe they use voodoo dolls and blood sacrifice to get $$$ back from
merchants on stuff like this...the whole 'black mass' festival..no idea...amex keeps this as secret as a voodoo high priestess initiation...

so pick your poison..on which of the above my refund came about..but imho likely with info flowing to the amex and other credit
card companies fraud dept on alpha .imho ..I likely would have gotten my cash back...but if you plan on acting do so quick I have
no idea what happens if alpha's merchant funds that amex tapped (whatever that account is) or if alpha goes bankrupt if you can
get any $$$ back at that point probably not

anyway keep trying on your amex or other cc dispute if it don't work the first time thru add the www.coindesk.com article on alpha from I think it was
7/28/14? also use the www.alpha-t.net NEWS page with the rambling we are gonna keep your 30% unless you pay (unsecured by the by
make sure you tell amex or your cc company that slimy little detail... that) last 70% and or your $$$ for equip is not stock in the company blurp
(amex found that both horrifying and amusing at the same time...this whole thing has provided much entertainment and mirth to the regular (prob bored)
amex reps..usually unflappablethey become quite animated in discussing alpha's attempt play games scam thru amex....at least I livened up their work day .heh)

only other thing I can say for sure is all the links above/info broad outline of how the whole thing happened from Jan onward WAS in
my amex dispute file including links on the www.alpha-t.net site to the rambling we will not refund 30% and need 100% for stock in
company etc in the news site ...on alpha's site .the newest rant there...and also the www.coindesk.com article on alpha issues and
a couple others that picked up on the coindesk piece..all was included as a guick easy way to show amex my concerns were legit and
verifiable by outside news sources or alpha's own rambling NEWS announcement on us not getting refunded and stock option weirdness!

Last point is according to AMEX rep the were able to get my $$$ back from ALPHA via alpha's merchant account. (whatever that means)
(how long such will have $$ in it is debatable act quick imho) .....so this was NOT a cost that was eaten by
Amex...alpha ate the cost..so amex has/had some way to debit their funds for this refund to me.from alpha......this is encouraging so just
bombard amex with the above info and  links and it should snowball easier in my view with the coindesk articles etc as kinda
an outside (no dog in this fight) way amex can glean the truth of all this (imho)..more links you have to how alpha is scamming this
like the www.coindesk.com article and their own words in their current NEWS blog on what they propose for full paid members
and no refund to 30% payment members...all will carry more weight imho as this all moves along and your cc company or amex
becomes more aware of alpha's actions....the www.coindesk.com article alone is almost enough...but be sure to add the fact
that you did not have any way to pay the full amount via a secured method for the 5 months they claim they did not have to refund
you....amex reps particularly thought that was shady..take 30% down paypal and cc options...string it out 5 months with no way
to pay cc or protected method just wire xfer then when you did not pay them in that timeline unsecured by wire xfer suddenly
they don't have to give you your $$$ back?...that particularly got the amex reps wound up...probably will the fraud dept as
well of any cc company that becomes more aware of all this ...so use alhpa's news on their site (save the info link) in their
own words on what they are doing ..get the www.coindesk article and save a link for that ...and just spell it out what they
have doine since jan with all this...you should? have less trouble with a refund from alpha then I and some others have!

anyway I've been paid in full my 405 british pounds back or around $685 usd plus $18 foreign xfer fee? (??) whatever

I will be more aware that even if you pay via paypal and cc from now on the company can cancel such and go rogue
and there is some dispute on IF the company went completely underground hid bank accounts took no paypal cc
on IF amex would pay in full at that point...in that WE DID intiate the payment was not fraud use by someone else
 in the usual sense ...so keep this in mind....and again AMEX  says they DID get the funds back in some manner
from alpha ...no idea what means amex refuses to tell .but if alpha say closes that way of $$$ to amex or alpha
goes bankrupt...I really don't know...and again hopefully my case was not a fluke in refund simply because
alpha missed a deadline..I got to think they just can't play cc companies and close fund access eventually and
get away with this etc...but anyway learned another perhaps 'pitfall' of cc use will file it away as a life lesson

anyway use the coindesk article use alpha's recent news announcements against them ..if you lost a cc
appeal before file another one with the above info etc....the odds have improved dramatically with the
independent coindesk article and alpha's own words on those who paid via cc via the old paypal cc option
from last jan and refuse to pay the last 70% ..anyway imho you have a much better shot at getting the
refund now ....even if you were denied previously...you got nothing to lose imho...and maybe you too
will get a refund in full like me

good luck

(full refund from BFL of $8.5k in 1yr and 20 days and now this $685 usd refund back thru amex from alpha..
...me thinks I have to stop doing this silliness..have to get off this 'pre-order' wagon...take the pledge
go too meetings.....something....I mean really.....I've used up whatever lottery luck was due me ....must now watch
my ass have NO luck left!)

p.s. whacha think? if I put the above on the alpha forum site what kinda of timeline before I'm banned and deleted....13 seconds...2 minutes  heh?....

Searing

A few people claimed to have done it, but nothing shows up.

I didn't send these frauds any money you fool. When I was warning people to stay the fuck away from this scam months and months ago, you were there replying to my posts claiming that I was wrong, that it was a good idea and that they were legit. The pitchfork mob isn't hype, it was right. As usual, stupid people get ripped off being greedy.

I can't believe the latest email from these guys. WOW. What a joke.

If they are so bad shouldn't somebody negative trust them so it's obvious for people to stay away from them?

I think the house of cards is about to come crashing down on Alpha T. Once again they have rushed to action without thinking anything through.

I have been researching the UK laws on Public Offering Of Shares and they are pretty damn strict. If you offer shares to more than 99 people in the UK or any EU district (35 in the USA), it is considered a Public Offering. This cannot be done by a Private Company, it is illegal under The Companies Act.

Alpha will have to go public,this means they must have a minimum of £50,000 in share capital and be audited . Not only that, they have to jump through serious hoops, divulge large amounts of sensitive data and spend a lot of money.


Another problem for Alpha is that the UK is very strict on who can be offered shares, what has to be disclosed and how they are promoted.


If the shares are to be made transferable, ie you will be able to sell them on or gift them they will need an Approval Prospectus which is an expensive document that needs to be approved by the FCA (Financial Conduct Authority)


On top of this, as Alpha are distributing these shares across the world, they will have to comply with the laws in each country.


Basically Alpha have once again shot the pooch. They have no idea what they are doing or the costs and the regulation involved in this harebrained scheme. The penalties are severe for flouting FCA laws, including heavy fines and/or imprisonment. Mr M Akram's offer may already be in breach of FCA laws as his statement could be considered a Financial Promotion.

And they are going to have to be A LOT more honest if they don't want to wind up in prison.
This is not a breach of the DSR the FCA take this sort of thing very seriously and prison sentences are regularly handed down for breaches of their many regulations. I've got a feeling this will be dropped like a hot potato as soon as a solicitor takes one look at it. Once again taking another large dump on Alpha's tattered credibility and leaving their customers FUBARed once again.

And this is why the vote does not matter.  Alpha Technology has already decided what they are going to do. They are going to seize all orders that have not paid the remaining 70%.   They are going to report that the majority of customers will vote in favor of the share distribution.  Any post about trying to make it non partisan are being deleted.  This vote is just a platitude. 

Stand back for a minute from all the hustle and drama and ask yourself …

Even if everything works out perfectly for Alpha-T from here on out and they deliver a 250 mhs Viper at the end of September (yes, I know this strains credulity, but for the sake of the thought experiment just assume it is true for a moment) … what are the chances that you will ever recover the money you spent ?

Yep, I figure they could not stand the truth, I been banned as well.