GTM MHI Kit Group Buy Participants...

Dajerseyrat · 05-24-2014, 06:16 PM

If you keep getting the excuse that the turbos are a week or 2 away for several months there is one of 2 reasons:

1) Back order on the turbos (easy to confirm by contacting one of the 6 distributors in the United States which he has to be buying from Turbochargers | Garrett Distributors | Turbo distributors )

2) No money in the bank to pay for the turbos you already paid for. ( so as new money comes in he buys what he can and completes what he can. Typical Ponzie Scheme, not that he set out to scam anyone but current fiscal situations may prevent him from delivering. Then one or two people back out and want refunds and it sets everyone back weeks, months, years, infinity..)

Im hoping for all your sake it is the first of the 2 scenarios... Hate to break it down but those pretty much are the only 2 reasons this would be dragged out for over a year.

Chuck33079 · 05-24-2014, 06:57 PM

Quote:

Originally Posted by Dajerseyrat

If you keep getting the excuse that the turbos are a week or 2 away for several months there is one of 2 reasons:

1) Back order on the turbos (easy to confirm by contacting one of the 6 distributors in the United States which he has to be buying from Turbochargers | Garrett Distributors | Turbo distributors )

2) No money in the bank to pay for the turbos you already paid for. ( so as new money comes in he buys what he can and completes what he can. Typical Ponzie Scheme, not that he set out to scam anyone but current fiscal situations may prevent him from delivering. Then one or two people back out and want refunds and it sets everyone back weeks, months, years, infinity..)

Im hoping for all your sake it is the first of the 2 scenarios... Hate to break it down but those pretty much are the only 2 reasons this would be dragged out for over a year.

It's the second. We've speculated in one of the other countless "GTM is 6 months late on my order" thread that he's on a cash basis with his suppliers.

Anyone who still has money with them needs to get the ball rolling. You'll be so low on the list of people who get paid out if they go under that you'll never get a dime. If you have to eat a restocking fee, do it. Something's better than nothing. Run, dammit, run.

Dajerseyrat · 05-24-2014, 07:30 PM

Quote:

Originally Posted by Chuck33079

It's the second. We've speculated in one of the other countless "GTM is 6 months late on my order" thread that he's on a cash basis with his suppliers.

Anyone who still has money with them needs to get the ball rolling. You'll be so low on the list of people who get paid out if they go under that you'll never get a dime. If you have to eat a restocking fee, do it. Something's better than nothing. Run, dammit, run.

Like I said, if you take money from someone knowing that you will not be able to deliver said product it may be considered fraud.( you keep taking orders knowing you intend on filing for bankruptcy) Perhaps people should be doing the following things:
1) filing complaints with the California Division of Consumer Affairs for a start
2) filing a complaint with the small claims court in the county your in for the cost of your deposit (usually it costs $15-$25 to file on your own, no lawyer needed.)
3) Seeking guidance from the State Attorney Generals office if there is a large enough loss of money and it can be considered criminal. Im not sure what the specific laws would be in CA.

conmam · 05-25-2014, 01:41 AM

Quote:

Originally Posted by Chuck33079

It's the second. We've speculated in one of the other countless "GTM is 6 months late on my order" thread that he's on a cash basis with his suppliers.

Anyone who still has money with them needs to get the ball rolling. You'll be so low on the list of people who get paid out if they go under that you'll never get a dime. If you have to eat a restocking fee, do it. Something's better than nothing. Run, dammit, run.

Yep, Do something before GTM files chapter 11 protection like I suggested earlier !!!

V1H · 05-25-2014, 02:58 PM

That sounds all daunting if not outright scary.
It's hard for me to belive a company would take my money in January if they already knew they can never deliver. It's like on one of the Southpark episodes on Economy crash.

No idea how I'd go about a claim from the U.K.

Infidel · 05-25-2014, 03:07 PM

Quote:

Originally Posted by V1H

That sounds all daunting if not outright scary.
It's hard for me to belive a company would take my money in January if they already knew they can never deliver. It's like on one of the Southpark episodes on Economy crash.

No idea how I'd go about a claim from the U.K.

Start making calls now, don't wait till Tuesday. Call their fraud dept and start your claim NOW.

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05-24-2014, 06:16 PM	#1 (permalink)
Dajerseyrat Base Member Join Date: May 2014 Location: NJ Posts: 33 Drives: 67 Camaro Rep Power: 11	If you keep getting the excuse that the turbos are a week or 2 away for several months there is one of 2 reasons: 1) Back order on the turbos (easy to confirm by contacting one of the 6 distributors in the United States which he has to be buying from Turbochargers \| Garrett Distributors \| Turbo distributors ) 2) No money in the bank to pay for the turbos you already paid for. ( so as new money comes in he buys what he can and completes what he can. Typical Ponzie Scheme, not that he set out to scam anyone but current fiscal situations may prevent him from delivering. Then one or two people back out and want refunds and it sets everyone back weeks, months, years, infinity..) Im hoping for all your sake it is the first of the 2 scenarios... Hate to break it down but those pretty much are the only 2 reasons this would be dragged out for over a year.

05-25-2014, 02:58 PM	#5 (permalink)
V1H Base Member Join Date: Dec 2013 Location: United Kingdom Posts: 244 Drives: 2013 370Z-TT GT Edt Rep Power: 3367	That sounds all daunting if not outright scary. It's hard for me to belive a company would take my money in January if they already knew they can never deliver. It's like on one of the Southpark episodes on Economy crash. No idea how I'd go about a claim from the U.K.