Originally Posted by lovinthehd
Proving those accusations and that there was intent to defraud to the point of taking it to criminal prosecution is a stretch I think. Maybe, but I'd just think not very likely. I don't know all the details as I've only tuned in recently after reading some rave comments about their HT speakers. Can't draw blood from a stone, sure you can go to small claims court and get a judgement but if there's no money in the bank account you're just wasting your time.
Does anyone know what type of organization eD was? That will determine to what extent those operating the business may be personally liable...
Well we know they stated that product was "in stock" on their website and folks paid money only to find out the product was not in stock (after eD processed their payment). eD took payments on products and promised shipping dates only to disappear with the money for some of these folks with no ability to contact them and resolve issues. eD also did not honor their warranty agreements. How is that not fraud?
If you bought a car at the car dealer and they took your money and said we will deliver the car to your house tomorrow and never delivered anything after repeated attempts to contact them, you don't think that is fraud?
The minute eD processed the payment and took the money, IMHO, they are liable to deliver the product or service. Especially over the last 6 months when these guys knew the ship was sinking but just kept on taking peoples money with no idea on how or when they would deliver the product. They have made numerous posts indicating there were issues with the company over the past year stating they are trying to fix things. They knew things were broken but kept taking money from people...
IMHO if they were not sure if they could deliver products they should not have taken the money. And if they could not honor a warranty they should not have offered one.
The AG can most certainly confiscate all their computers (personal and business) and paper records and determine if there was fraud. Then prosecute accordingly.