Quoted from zeddex:its in your best interest to take any statements from him regarding refunds as false and continue moving forward with you backup fraud plans until money actually shows up in your account
Unfortunately, this is quite accurate.
I'm of the opinion that Kevin has no intentions of willingly refunding anybody any money (And I've got skin in the game, so sucks for me too). Here's why:
I, along with everyone else has begun the process of trying to recover what I can from this mess. That included an email to Kevin directly requesting an immediate refund (not that I expected one, just doing some bare bones due diligence). He responded to the email with essentially the same response that a lot of others received and has already been posted here. He stated quite clearly that refunds, in full mind you, would begin flowing in the next few days.
Setting everything else aside he's said, this alone stands as bulls#@t. Without bringing the context of his other lies into the picture.
Why does it reek of bullsh#@t on it's own merit? Because there's no possible way he's got 100% of the funds sitting in an account to refund us, and if he did, I believe we'd already be seeing reports of people getting their cash back. Additionally, who in the hell is going to lend somebody in his shoes the dough to make this thing whole? I'm guessing no one.
Had he send out emails stating something along the lines of: "I'm truly very sorry for this clusterf#@ck I've created. I need 12 hours to total up what's left, figure out how much each buyer gets back (as a percentage of their deposit that equals the percentage of original funds left) and start issuing refunds. There will be a shortfall, each pre-owner will be getting a personal IOU from me for the balance of their deposit that I can't immediately refund. I know I f#@cked up, I will work my fingers to the bone to get each and every one of you every dime you invested in me back. It'll take me a few years, but I'll do it."
Something like that, I would have believed. The "everyone is getting everything returned and doesn't it suck that people conspired against me to prevent me from building your pin" schtick rings hollow.
I'm one of the guys that verified Aurich's information regarding Paypal's practice of freezing accounts that have large spikes in dollar volume and/or number of transactions. It happened to me, it happened to a number of friends and acquaintances, and I'm quite certain it happened to Kevin. So there was that glimmer of hope that maybe Paypal still had the funds locked up and hadn't released them. I hope, for everyone with cash on the line, that that's true. But, upon further reflection, I doubt it. Why? Because there's got to be some legal time limit Paypal has to abide by that requires them to release the funds after a certain date. I don't know. I worked to get my account unfrozen as quickly as possible. But it seems that they would almost certainly have to release the funds at some point.
So, I believe that Kevin most likely got access to all the funds in his Paypal account, and those funds are no longer there.
I also believe people are in for a hell of a time getting any money back. I hope I'm wrong.
Enfield, NS
