Warning: Coinabul trying to defraud customers!

btcfrog

newbie

Activity: 14

Merit: 0

Quote from: coincrunch on April 20, 2013, 02:20:47 PM

My answer to them is a resounding NO, it is not cool. They charged me in BTC. I paid in BTC. They should honor their deal, case closed. If you bet on a football game, and you lose, you do not get to modify the bet after the game is over.

It has nothing to do with this thread but:

If you bet on a football game it happens once in a while that they modify or cancel the bet afterwards because THEY set the wrong odds on it.
Or they invalidate it because your bet was too large, or if you had bets that was "on both sides" ... etc etc.

Read the betting sites TOS sometimes and you will be scared...

They also give themself the right to arbitrarily close the accounts of "unprofitable" customers. (not everyone does but many do).

I have had 5 accounts closed so far: (sportingbet, bwin, stanjames, eurobet and 1 more i do not remember the name of).

The reason was that was not profitable or that i was betting to much on "wongly set odds".

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: barbarousrelic on April 24, 2013, 05:38:10 AM

Quote from: JohnGalt on April 23, 2013, 10:56:15 PM

According to their Terms of Service:

Quote

If an order cannot be filled by Coinabul we will either: provide a substitute product of your choice of equivalent value, or provide a refund, minus any market loss incurred and at our discretion.

That's some bullshit right there. I had a relatively smooth transaction with Coinabul but I'm never dealing with them again with that in the TOS.

Does a TOS have any legal ground? I think you can write whatever you want there, but when you purchase something you either get the product or you get a full refund. If you would sue them, you would win...

barbarousrelic

hero member

Activity: 675

Merit: 502

Quote from: JohnGalt on April 23, 2013, 10:56:15 PM

According to their Terms of Service:

Quote

If an order cannot be filled by Coinabul we will either: provide a substitute product of your choice of equivalent value, or provide a refund, minus any market loss incurred and at our discretion.

That's some bullshit right there. I had a relatively smooth transaction with Coinabul but I'm never dealing with them again with that in the TOS.

gwar11d2

newbie

Activity: 6

Merit: 0

Quote from: ?? on ??

Quote from: coincrunch on April 23, 2013, 03:15:32 PM

Quote from: gwar11d2 on April 23, 2013, 10:41:31 AM

Although the fact they had a DB error it's kinda their fault...

It is absolutely their fault! They built a crappy infrastructure, their database got corrupted, and when they finally got back on their feet, the market crashed.

Clearly, according to their TOS, the customers must be punished for that.

Scammer Tag please.

Everyone who got scammed make a thread in the scammers section if you want them tagged.

I think whoever got scammed (I'm counting maybe 6+ in the past week alone) should all get organized. This could get ugly. I sent another email to them again last night. No response. What do we do in this scenario? With bitcoin, we can't just get it back. State Attorney General's office complaint? FTC? Business is supposedly incorporated in Wyoming, phone number is in Florida. This guy could be in China for all I know.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

I've placed an order with them, and it's still showing as "pending"
it's been a while, no responses

JohnGalt

full member

Activity: 249

Merit: 114

Who is John Galt?

Quote from: gwar11d2 on April 23, 2013, 10:41:31 AM

And reading their ToS, it looks like we're all $#% out of luck too... Although the fact they had a DB error it's kinda their fault...unless they are blaming bitcoin then they are not responsible for that either according to their ToS.

According to their Terms of Service:

Quote

If an order cannot be filled by Coinabul we will either: provide a substitute product of your choice of equivalent value, or provide a refund, minus any market loss incurred and at our discretion.

That's pretty bad. If they are going to lose money on a sale, they just refund you, but keep the amount of money they would have lost. Basically, it means they can steal your money.

coincrunch

newbie

Activity: 12

Merit: 0

Quote from: gwar11d2 on April 23, 2013, 10:41:31 AM

Although the fact they had a DB error it's kinda their fault...

It is absolutely their fault! They built a crappy infrastructure, their database got corrupted, and when they finally got back on their feet, the market crashed.

Clearly, according to their TOS, the customers must be punished for that.

Scammer Tag please.

gwar11d2

newbie

Activity: 6

Merit: 0

Same thing happened to me... I posted my horror story too. Code Bug and Bitcoin crash...time for the customer to pay.

I'm out 11 BTC and No response from them.

And reading their ToS, it looks like we're all $#% out of luck too... Although the fact they had a DB error it's kinda their fault...unless they are blaming bitcoin then they are not responsible for that either according to their ToS.

What really gets me is that gold price has dropped too...so if I try to cash out the gold option they make money there too.

" If an order cannot be filled by Coinabul we will either: provide a substitute product of your choice of equivalent value, or provide a refund, minus any market loss incurred and at our discretion."

Doh!

Time to try to Satoshidice some of the BTC back! /sarcasm

usagi

vip

Activity: 812

Merit: 1000

13

Quote from: coincrunch on April 22, 2013, 12:40:57 PM

That being said, does anyone know of a *reputable* bullion dealer that sells for bitcoins?

Try amagimetals.com or my own company https://bitfunder.com/asset/TU.SILVER -- we order exclusively from Amagi Metals -- the benefit from ordering from us is that we ship immediately, Amagi metals sometimes has to mint the coins or order them before they can ship to you and it can take a very long time.

For example they cannot ship Canadian Maples right now (they're delayed) but I can get you Canadian Maples in 7 days anywhere in the world. We just got them in from Amagi ^^ Plus, we're not involved in the order process on BitFunder, and we only deal in BTC, so you will never get any kind of "story" about how the exchange rate isn't working out or something went wrong with the website :p

Duetschpire

sr. member

Activity: 368

Merit: 250

bitify.com - Bitcoin Marketplace & Auction site

I'd say scammers in these circumstances in which no legal authority can punish should be punished by us the people of the Internet and the bitcoin society... The base, which is this forum, is already set for us to name, shame, and even take action against such acts.

Correct me if I'm wrong

Darkcoins

newbie

Activity: 45

Merit: 0

I Just received my shipping info for my order. I will report if the goods arrive or not in good time

barbarousrelic

hero member

Activity: 675

Merit: 502

Quote from: coincrunch on April 22, 2013, 12:40:57 PM

That being said, does anyone know of a *reputable* bullion dealer that sells for bitcoins?

Look at Amagi Metals. They are also running slow from greatly increased volume, but they are very upfront about it and communicative.

Darkcoins

newbie

Activity: 45

Merit: 0

Same., WHY when you search on here do you find a large thread saying they are ok and many happy customers, now I have lost my BTC and looks like i won't be getting my 4 silver bars.. They have not answered the phone in over a week, no reply to my messages on here. via email and via the contact form on the site..

Would admin please put a warning up about coinabul...

This is outrageous behavior from a some what reputable company..

and has anyone else noticed all the phone number route to a Google number.. which is always going onto voicemail??

COINABUL EXPLAIN YOURSELF PLEASE!!

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Justin00 on April 22, 2013, 11:34:17 AM

jesus how many times do they have to screw people over before something happens...

First a customers package gets lost, which was insured... and the insurance company they selected chose not to cover it... so the customer lost out... basically lost their BTC and got nothing.

Now they had an issue on there end.. and again the customer is the one who looses out.

Who the hell does this guy think he is ? based on the youtube video he appears to be some redneck piece of crap.. and based on his business practices he also appears to be a redneck scamming piece of crap. He's ripping me off... plain and simple.

Maybe we will get lucky and the mods will buy from him and get screwed over and he will finally get his scammer tag Roll Eyes

Madness!

coincrunch

newbie

Activity: 12

Merit: 0

Quote from: barbarousrelic on April 22, 2013, 12:16:49 PM

Bitcoin went up quite a bit after I placed my order with Coinabul, I wonder if they will send me some extra silver.

Exactly!

Price goes down, they reduce your order. If BTC doubled in price before they shipped, do you think they would EVER email and say "Hey, we made far too much from this, we're going to send you some extra bullion"? Never going to happen.

Scam tag long overdue.

That being said, does anyone know of a *reputable* bullion dealer that sells for bitcoins?

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Why the fuck hasnt coinabul gotten a scammer tag yet? What is this, the 5th or 6th complaint on a matter of months?

barbarousrelic

hero member

Activity: 675

Merit: 502

Bitcoin went up quite a bit after I placed my order with Coinabul, I wonder if they will send me some extra silver.

Justin00

legendary

Activity: 910

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

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Darkcoins

newbie

Activity: 45

Merit: 0

You say that but when u search for the they have lots of good feedback on this very forum. seems like only recently things have went ''tits up'' as we say.

If i get a refund ill be happy, If i get my product ill be over the moon, If i get nothing... Then when I am over in America next month i will be paying them a Personal visit.

Which i am sure they do not want.

zebedee

donator

Activity: 668

Merit: 500

What a bunch of scammers. When the BTC price goes up and they don't deliver, they only refund in USD.

When the price goes down, they reduce your purchase.

Basically they're betting on the BTC direction with your money, and taking the profit and giving you what's left.

Don't deal with these jokers.

Topic: Warning: Coinabul trying to defraud customers! (Read 3513 times)