Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 171. (Read 529100 times)

very likely very likely indeed...and personal salary..assets..etc (maybe an occasional 'miner' if they do get that far) is protected the corp takes the fall..

Searing

Agree, I don't think it was ever their intention to scam people. I think this was a genuine venture, poorly executed. Fortunately I got a refund, I just hope that it ends well for all concerned.

Sorry I disagree. Bankruptcy is the easiest exit strategy for this outfit, there is no "trouble" as you say for them doing this. They have no assets so there is nothing to divide up and hand out to their creditors. They may have difficulty getting credit and won't be able to be a company director, but many use family members to front new start-ups.

I've seen it done.

This is what I think I know. I'll be reading up to see if or any holes surface in my theories.

-First, English consumer laws give you the right to request a refund up until 7 days of receiving your item (no breach of contract required). Only way out is for Alpha to not have the money A.K.A filling for bankruptcy, which in England it's even more trouble if you're already "labelled" a business, is not that easy or even worth it (unless they plan to grab the money and move to another country). I honestly think they are relying on people to believe their statements and not take any action. And that's how they'll dodge refunding. 

-Second, they state nowhere that it's a B2B (by which you would lose the consumer's protection), they don't have it like other businesses in their T&C something in the lines of "by giving us your money you acknowledge this is a B2B transaction" or "we only do B2B", nor they asked us any type of business ID or Tax number from our part. They have nothing in place to safeguard their claim of B2B and even Fiaz's declarations support the fact that they are aware and producing equipment with the knowledge that we are NOT businesses.
Example:
https://forum.alpha-t.net/index.php?topic=687.msg4410#msg4410
In the Latest Update thread, someone asks: "Can I just put the device on my computer desk instead of mounting on rack? How hot would it go while working, especially in summer? "
Fiaz replies: "Can't give you a figure but rest assured this will be fine as we expect most customers to do this."

They are producing miners for businesses to put them on racks in centres, or for individuals to have them at home on top of their desks? They expect most customers to set the miners on their computer desks.
It's not solid proof but just an example, and these little statements pile up and count as show of intent, contradiction and ultimately "deceit" in declaring B2B. Still I honestly believe that in both cases, bankruptcy or B2B claims, it's their burden to prove. Unfortunately I think they'll only budge when confronted by a small claims court individually, case by case, and dodge everything else.

Edit: It could be naivety from my part but I don't think they set off as any type of scam (so much so that I pre-ordered), I believe they may be in over their heads and at this point "scrambling to find a way out".

Which are good service address companies? I've checked some but are only for companies or directors. Will something like this work?

http://www.my-uk-mail.co.uk/

Ill be chalking this one up to a loss. At least I lost the minimal amount possible though.

Fucking FIAZ!!'

I wonder if maybe our money went to fund terrorism or something like that, I get that feeling from these sorry jokes!

You don't have to follow them home. I posted these months ago:

https://mega.co.nz/#!8sEUUIZQ!CBWadQgalEKYPRx6qQHaGXGhcMFmoFaOqaGK6dysC1g

Read the second to last PDF and you'll find a residential address they used when they started Cheshire Technology LTD (later changed to Alpha Technology). Their first failed attempt at running a business. I'm guessing that's their parents house. You'll also notice from those documents that the "CEO" is only 23 years old, so I'm pretty sure you'll probably find he's running the company in that house from the comfort of his bedroom.

Yes folks. This company is being run by a 23 year old kid, with only one, fairly short lived failed business under his belt, cooked up in a bedroom at his parents house, financed by pre-order money, out of an abandoned former kebab shop in Moss side. What could possibly go wrong???

I doubt many will get their money back. Most of it will have been spent of R & D, putting food on the table, paying bills. Is it a scam? I dunno but it sure is a major fail.

Well I concur that it isn't the most savory and an unprepared individual wouldn't want to follow them home. It's not something which would stop me though, having happily done similar in the past. At the least, they should be scoping this place out and talking to legal advice.

It's unfortunate. Unless these folks are going to mind-blow everyone with complete order fulfillment--despite having not received the majority of the balance.

Oh my gosh, please, can everyone please stop trying to have a prediction on both sides of the fence so that they're never wrong?

You're hurting the actual customers of Alpha-T and the community at large when you are seeing all the evidence of fraud and scam and you're still saying "OH BUT MAYBE THEY WILL STILL COME THROUGH."

They are NOT coming through, they are scammers, and thieves and they have people's money and now they are working on how to avoid prosecution and get away with it.

Stop giving others hope that they may still get what they ordered. The crime has already been committed and people who gave them money are not going to get it back from them.

The only recourse anyone has now is to get law enforcement involved.

I very much doubt it. In general, people who scam people rely on the fact that it will cost you time, money and grief to obtain justice and the cost of trying will be much more than the amount of money you have at stake.

Now, this is one of those situations where Alpha-T may pull the rabbit out of the hat in the next 30 days, but if I had a pre-order with them I'd be seriously concerned now if I wasn't already.

That reads very much like a 'Bust us if you can, sucker' invitation.

VesperWillow, I'm not sure you understand fully what people are dealing with here if you are encouraging people to 'follow these folks home' in an area just a few blocks from Moss Side.

See those steel shutters in the picture of the Alpha-T office ? There is a reason why they are there.

See that video camera on the building next door ? Ditto.

Seriously.

I personally believe they do have "top notch" lawyers. That's where all their money went and why they couldn't afford a better storefront.

I think we have another hashfast here.
And that didn't end to well for the customers ordering.

Of course it isn't a business only activity.  In any case, I would bet any amount of money that the burden of proof would be on them to prove you are a business, given that they are the ones seeking the exemption from the law.

I would also bet any amount of money that the whole "we talked with a lawyer and it is legal"  thing is a bunch of bs that they are hoping to scare people with, to discourage lawsuits.  Even if by chance they did find an attorney who told them that it doesn't make it correct , that is what court cases are for after all.

I think that Vipers make rafts that is another use,




and as a go cart... some additional assembly required.




and to cover up those unsightly pot holes. 




And what gives since when did mining cryptocurrencies becomes a strictly business activity.  It began as a hobbyist activity by techy people with graphic cards.  It is NOT a business only activity.  There is not legal restriction preventing consumers from entering the cryptocurrency mining community.  Now if the UK requires that all miners be incorporated then that is another matter but they don't and any lawyer telling alpha-tech that is out of his gorge.  Fiaz is desperate if they keep touting that line about all their customers being businesses. 

Well thats.....certainly one way to go.

Why would anyone trust a company that works out of this office?

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