Page 3 of 4 FirstFirst 1 2 3 4 LastLast
Results 21 to 30 of 33

Thread: R699 car sales scheme court battle

  1. #21
    Nemesis's Avatar
    Join Date
    May 2009
    Location
    Carletonville
    Posts
    1,782

    Default

    Quote Originally Posted by Wyzak View Post
    Yeah, it has always been sketchy, and I did a lot of research before entering into an agreement with them. What payments? There weren't any monthly payments. There is nothing to redistribute from other members (to make it a ponzi scheme).
    By payments I meant new sales each month. Not a recurring payment from existing members. Also not sure if they get a commission from the bank for each successful loan application? Someone told me this could be the case but I haven't read anything about that.

  2. #22

    Default

    Quote Originally Posted by Nemesis View Post
    By payments I meant new sales each month. Not a recurring payment from existing members. Also not sure if they get a commission from the bank for each successful loan application? Someone told me this could be the case but I haven't read anything about that.
    I am not aware of any commission from the banks either.
    When an anti-piracy method is affecting the game for people who legitimately bought it and causing other people not to buy the game, there is obviously something wrong with it!

  3. #23
    Nemesis's Avatar
    Join Date
    May 2009
    Location
    Carletonville
    Posts
    1,782

    Default

    Quote Originally Posted by Wyzak View Post
    I am not aware of any commission from the banks either.
    Seems this was the case according to Special Assignment last night. Give or take R23k profit per car and commission from banks depending on size of successful loan. Also more cases of tampering with clients credit applications, reports of guys receiving "new" vehicles that were later found to have been in accidents. Unpaid promised bonuses, the list goes on.

  4. #24

    Default

    Quote Originally Posted by Nemesis View Post
    Seems this was the case according to Special Assignment last night. Give or take R23k profit per car and commission from banks depending on size of successful loan. Also more cases of tampering with clients credit applications, reports of guys receiving "new" vehicles that were later found to have been in accidents. Unpaid promised bonuses, the list goes on.
    Then the banks are in for a very rough time.
    When an anti-piracy method is affecting the game for people who legitimately bought it and causing other people not to buy the game, there is obviously something wrong with it!

  5. #25
    Assassin of Accountants Ike_009's Avatar
    Join Date
    Jun 2012
    Location
    Pretoria
    Posts
    7,799

    Default

    Quote Originally Posted by Wyzak View Post
    Then the banks are in for a very rough time.
    Jip, we can't blame the poor innocent fraudster who amended the loan applications and contact details
    My ignore list: n/a

  6. #26

    Default

    Quote Originally Posted by Ike_009 View Post
    Jip, we can't blame the poor innocent fraudster who amended the loan applications and contact details
    Barclays/Absa have launched an internal investigation to find out if there are any internal shenanigans.

  7. #27
    Assassin of Accountants Ike_009's Avatar
    Join Date
    Jun 2012
    Location
    Pretoria
    Posts
    7,799

    Default

    Quote Originally Posted by Fivel View Post
    Barclays/Absa have launched an internal investigation to find out if there are any internal shenanigans.
    I know, but i'm thinking they are checking that they followed correct procedures so that they can't be held liable rather than looking for the guilty party. ie they are removing themselves from the suspect list and not looking for the crook.
    My ignore list: n/a

  8. #28

    Default

    Quote Originally Posted by Ike_009 View Post
    I know, but i'm thinking they are checking that they followed correct procedures so that they can't be held liable rather than looking for the guilty party. ie they are removing themselves from the suspect list and not looking for the crook.
    Nope, looking at it from all angles....trust me

  9. #29

    Default

    Quote Originally Posted by Ike_009 View Post
    Jip, we can't blame the poor innocent fraudster who amended the loan applications and contact details
    A simple phone call from the bank could have picked up all of the fraud. I don't think that's an unreasonable expectation and I somehow think that the NCR will agree with me.
    When an anti-piracy method is affecting the game for people who legitimately bought it and causing other people not to buy the game, there is obviously something wrong with it!

  10. #30
    Assassin of Accountants Ike_009's Avatar
    Join Date
    Jun 2012
    Location
    Pretoria
    Posts
    7,799

    Default

    Quote Originally Posted by Wyzak View Post
    A simple phone call from the bank could have picked up all of the fraud. I don't think that's an unreasonable expectation and I somehow think that the NCR will agree with me.
    Maybe but if Satinsky was submitting the loan applications and falsifying application information is it really that hard to believe that he changed contact details also rendering the phone call ineffective.
    My ignore list: n/a

Similar Threads

  1. AMD's new GPU naming scheme explained
    By James in forum Gaming News Articles
    Replies: 10
    Last Post: 12-09-2013, 10:34 PM
  2. Clan owner charged in global bank hacking scheme
    By James in forum Gaming News Articles
    Replies: 0
    Last Post: 27-07-2013, 02:07 PM
  3. EA ditches their online pass scheme
    By James in forum Gaming News Articles
    Replies: 0
    Last Post: 16-05-2013, 10:14 AM
  4. Replies: 16
    Last Post: 24-02-2010, 11:20 AM
  5. Replies: 0
    Last Post: 20-07-2009, 03:14 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •