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Topic: BTCFPGA/bitcoinASIC/CAN-ELECTRIC - no BTC refunds expected, what now? - page 3. (Read 5443 times)

c_k
donator
Activity: 242
Merit: 100
Might be an idea to put things in perspective: How many people are actually still waiting for refunds?

I'm not sure there is more than a handful.
legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
This is one of the main properties of BTC, you never have the possibility to do a charge back. This greatly benefit business owners but not consumers

It means, as a consumer, you should always consider the risk involved when you pay BTC, but since business owners are all registered entities, this should get solved eventually. Wish you good luck then
It actually terrible for business owners. It's very hard for a legitimate business to get a consumer to give them money if the consumer is legitimately worried that the business will collapse while holding their money or just run away with their money.
full member
Activity: 234
Merit: 105
I want to press charges, but it would probably get nowhere, I don't live in the US and I suspect it's too small of an amount for the police to care.

It is not really about pressing charges, as establishing wrongdoing and achieving justice through either compensatory means or (at the very least) creation of official record of unscrupulous business practices via civil action. This is a form of community protection, and better than just walking away and saying "oh well."

By enumerating and documenting this swindle, we can

  • potentially achieve some justice through remuneration or punishment
  • protect the community at large from future activity of those involved
hero member
Activity: 536
Merit: 500
Still waiting for $530 in BTC or USD here. I have however received CC refunds. I want to press charges, but it would probably get nowhere, I don't live in the US and I suspect it's too small of an amount for the police to care.

Some personal info on tom, taken from his google plus: https://plus.google.com/u/0/100481502635276052436/posts

Quote
Thomas Van Riper

Employment

    BTCFPGA
    Owner, 1200 - present
    CNY SensiblePC
    Network Administrator, 2003 - 2006
    MANOWAR / Ragnar Productions
    Network Administrator, 2000 - 2003
    Dreamscape Online LLC
    Jr. Network Admin, 1999 - 2000
    A-Znet.com
    Support Technician, 1997 - 1999

Education

    Grand Canyon University
    B.S. Computer Information Systems, 2008 - 2011
    Cayuga County Community College
    A.A.S. Computer Information Systems, 2006 - 2008

Photos:
http://imgur.com/a/7fmG0



legendary
Activity: 1988
Merit: 1012
Beyond Imagination
This is one of the main properties of BTC, you never have the possibility to do a charge back. This greatly benefit business owners but not consumers

It means, as a consumer, you should always consider the risk involved when you pay BTC, but since business owners are all registered entities, this should get solved eventually. Wish you good luck then
full member
Activity: 234
Merit: 105
Quote
https://www.btcfpga.com/forum/index.php?topic=1048.0

EVERY SINGLE CUSTOMER WILL BE REFUNDED. PERIOD.

I have the list of BTC Refunds and should be making those today.
All other CC orders will automatically be refunded today.

I hope you can please accept my deep apologies, I thought I could pull this off but it was just too much of an undertaking for me, I feel ashamed and embarrassed and I am so sorry that I could not come through for you. Everyone will receive their refunds. As a matter of fact I am starting on them now...

...your refund will come automatically and theres no reason for communication.

No one has received BTC refunds since Jan 23rd. PERIOD.

I have opened a complaint at the NYS Division of Consumer Protection.

I look forward to further activity in this thread detailing other methods of open-source and officially-sanctioned justice (for that is what we seek at this point).

If we can't round up some BTC refunds for those of us who are owed them, then at least we can achieve justice for BTC customers of BTCFPGA/bitcoinASIC as well as community protection from individuals and entities who seem capable and willing to swindle from the Bitcoin community.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
You should contact them, I never communicated with anyone from bASIC, but I heard that Dave is more willing to help
sr. member
Activity: 406
Merit: 250
Have you requested a USD refund at purchasing price instead?

That would be nice. And how do you propose doing that?

I don't think johnyj got it by now, but we've been waiting for the BTC equivalent in US dollar, we hadn't expected more or less than the US price we've paid via BTC. Nothing received for more than 1 month, therefore this is a confirmed scam. Maybe Tom will get away with it or not, we'll find out in few weeks/months. Personally I hope karma will work its magic.
full member
Activity: 234
Merit: 105
Have you requested a USD refund at purchasing price instead?

That would be nice. And how do you propose doing that?
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
I did receive the CC refund from bASIC, so their business ethics are not totally negative (maybe partly due to the protection from the CC system). Paying in BTC is risky for consumer, you should be aware of this when you consider a risky investment

Have you requested a USD refund at purchasing price instead?
full member
Activity: 234
Merit: 105
The bASIC Refund Tracking Thread is essentially defunct, since it is becoming clear that there is nothing now to track.

I propose that we use this thread (or perhaps another suggested venue as it has been suggested and seems somewhat evident that Bitcointalk.org is particularly amenable to enabling - if not downright abetting - this particular type of long scam) to discuss next steps for those of us who have been left high and dry.

Information needed:

  • Real and present information regarding those responsible for the creation, maintenance, and promulgation of the bASIC/bitcoinASIC/CAN-ELECTRIC scam for the purposes of investigating alternate avenues for pursuing justice (ie, class action). This research could include, but is not limited to, the discovery of which if any of the mentioned LLCs really exist[ed], under what names they are listed, etc.
  • Investigation into the various business entities (or lack thereof) involved in the bASIC/bitcoinASIC extravaganza from day 1 to present. Those who have received CC refunds could assist by providing whatever detail and documentation was included with these charges on their statements.
  • Assembling a mutually agreed upon timeline via collation and collaboration of forum archive, bitcointalk posts, web snapshots, etc. This will trace the promised/expected/GAURANTEED ship dates, etc. for the purposes of establishing intent to defraud. Perhaps a wiki could serve this purpose?
  • A current and accurate report on the status of investigating the suitability of a SCAMMER tag for those involved with this elaborate (and/or hairbrained and mismanaged) scheme.
  • Any other pertinent discussion that brings us beyond the "When are we getting our refund?" "What's up with CAN-ELECTRIC?" headspin.

edit March 1, 2013. I received a refund on Feb 23, 2013 for the full USD amount of my order (via BTC) and am no longer seeking redress nor am I tracking the BTCFPGA refund situation. Good luck to all, including Tom.
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