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Net54baseball.com Forums - View Single Post - Running list of 2022 Hobby Scams
Thread: Running list of 2022 Hobby Scams
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Old 01-23-2022, 12:00 AM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,279
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Quote:
Originally Posted by Peter_Spaeth View Post
They had $1 million apparently they had collected and knew they owed to a third-party, namely PSA. I can’t imagine there’s any excuse they acted in good faith in losing that money. It wasn’t their money to spend at that point.


I agree, on the surface it seems it may have been intentional, we just don't know what else may have been involved, and what assets, if any, are still in the company. I was giving them the benefit of the doubt, and assuming they were trying to run a fairly legit, ongoing company. And thus why I suspected it may have been more of a kiting scheme till things got.better, as opposed to an all out ponzi scheme, where they were in it from day one for a cash grab. I guess we'll find out as more details come out going forward.
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