(Topic ID: 108377)

The Official Pinside Kevin Kulek Skit-B Predator Discussion

By Xerico

4 years ago

Topic Stats

  • 18,301 posts
  • 815 Pinsiders participating
  • Latest reply 1 day ago by TheLaw
  • Topic is favorited by 193 Pinsiders


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Topic index (key posts)

86 key posts have been marked in this topic, showing the first 20

Post #12066 What is PACER and where are you getting the court documents? Posted by c508 (2 years ago)

Post #12502 Links to where Kevin gives "his side of the story". Posted by BillySastard (2 years ago)

Post #12515 Updated court filings. Potential cash coming into bankruptcy estate. Posted by Wolfmarsh (2 years ago)

Post #12528 Good summation of 2 year look back and possible fraudulent transfers. Posted by flynnibus (2 years ago)

Post #12580 More legal pleadings. Posted by Wolfmarsh (2 years ago)

Post #12593 Facts & allegations document for VirtuaPin Posted by c508 (2 years ago)

Post #12801 Photos of Experts of Dangerous Posted by fastpinball (2 years ago)

Post #12872 Enaud's account of contacting fox regarding skit-b Posted by Enaud (2 years ago)

Post #13034 Description of an adversary proceeding (or AP) Posted by jasonp (2 years ago)

Post #13477 Discharge of debt denied by order Posted by Compy (2 years ago)

Post #13483 Stipulations for waiving chapter 7 discharge Posted by Compy (2 years ago)

Post #13528 Audio recording from Jan 27 court hearing regarding bankruptcy filing Posted by Wolfmarsh (2 years ago)

Post #13729 Summary of legal bankruptcy terminology Posted by Razorbak86 (2 years ago)

Topic indices are generated from key posts and maintained by Pinside Editors. For more information, or to become an editor yourself read this post!

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#4649 4 years ago
Quoted from CaptainNeo:

here we go pointing fingers again. I don't think it's this at all. Not having business sense or not knowing what you're doing, doesn't automatically make you a con artist. I really don't think he was out to fraud people. If all the money is gone and nothing was made, then it could be a scam or really poor business decisions.

He intentionally deceived people to acquire money. That's not a poor business decision, it's fraud.

#4664 4 years ago
Quoted from GGBGROUP:

Those following the model of prepayment will need to modify their business approach to have some form of a license validation/certification process going forward. I think this is certainly bad for the industry. JJP wouldn't be there without the prepay model and while I like Stern very much, competition and innovation go hand-in-hand.

The problem is that these aren't pre-orders, they are interest-free loans. When you're funding the startup costs for a company, you're an investor. You're taking on risk, especially in an industry that still only has one company regularly producing machines.

I don't want to crap on the idea of hobbyists funding new businesses they want to see. I just think it's better to drop the whole "pre-order" charade and move the stuff to Kickstarter where it belongs. Or have these companies take out a business loan like everyone else.

#5153 4 years ago
Quoted from markmon:

I don't see evidence this was a scam. I've played the game. It actually exists. There are better and more profitable ways to scam people out of money than making a real pinball machine.

I don't think it was intended as a scam. But he was in way over his head and it appears was committing fraud to acquire funds.

Even if the license was legit, these were never going to be made. Making a few prototypes to bring to shows is one thing, producing 250 of these out of your basement at that price point is impossible.

#5273 4 years ago
Quoted from Pubaw:

4 red flags were ignored period. All 4 red flags were brought up here and never did a civil conversation result...never. People fell in love with the pin and the concept. I can see why, it was appealing. I was even in until 18 months ago. Red flags are red flags.
1) Was here almost every day when it was funding time. After piggy bank was full, bye bye.
2) ALL Predator information, videos and references removed from web site, you tube and emails.
3) Delay after delay. Touting a second pin while delaying and stealth silence for 1st pin.
4) Promised manufacturing building never executed. 2 years in the making to lease, then did not.
Red flags. Hopefully if this ever happens again...people can discuss it in a civil manner.

I think price has to be in there too. When Spooky came out with their pricing, it should have been a red flag. How was Skit-B producing a licensed table for $1200 less than Spooky?

#6338 4 years ago

The whole Paypal thing is weird. Would they really sit on money for 2 years? Would they really act as a CFO of sorts for his company approving all purchases?

Wouldn't it make more sense to say Paypal locked the account back in 2013, have them process refunds to everyone, and ask for people to pay through his own merchant account or check? Like I know Paypal freezes accounts, but it shouldn't take 2 years to get that resolved.

#6351 4 years ago

Why can't these boutique pinball companies open a merchant account like other legitimate businesses?

2 weeks later
#7510 4 years ago
Quoted from Stones:

"And so as far as the pinball community goes, the biggest preface is; Pinside is not the pinball community."
Really dude? Cause I'm pretty sure that's how you got notoriety....
I'm pretty sure he has lawyer'd up, and he just outlined his lame defense. All criminals like to play the victim.

It sure was the pinball community when he was raising money.

The guy has a personality disorder. I wouldn't take anything he says at face value. Continue to try and get refunds through your banks and/or through other legal means. Continue to pursue criminal charges.

1 week later
#8065 4 years ago
Quoted from vid1900:

Sadly, the more trouble he sees coming, the more money he will need to hold onto for big legal fees.

It's not like he was rushing to refund the money before authorities got involved.

1 month later
#9238 4 years ago
Quoted from CaryCarmichael:

On with PP, still, after 30 minutes.
First rep said that the refund was initiated using an attached bank account or e-check, Not via his PP account.
The rep said, "I am not supposed to tell you this, but he cannot pay from his PP account because it is a negative balance", I ask how much, "$94,000".
I am on hold as I try to start a claim now based on my refund transaction ID, which is current enough - at least that is my hope and assumption while I wait on hold.

If he's $94,000 in the hole to Paypal (which makes sense with all the chargebacks), it's only a matter of time before they take legal action.

I also don't know why Paypal would let refunds go through if his account was that far in the negative. You'd think they'd want their money first.

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