Saturday, August 9, 2008

Update EBS Liquidation and Investigation

For victims that have not received the EBS liquidators report, please contact:

SV Partners liquidators
phone: 07 3310 2000

they will place you on the unsecured creditors list, and at the moment it looks like you may receive around 30% of your money once EBS' assets are sold.

You can also try for a Visa/Mastercard refund. In Australia, as in the USA, MasterCard® and Visa® Card Association rules and regulations govern liability with respect to disputed transactions; which includes a 90 day window of opportunity for chargebacks. In the event that a merchant collapses then the acquirer bank (the bank which issued the credit card) meets its scheme obligations and then gets into line with the rest of the unsecured creditors for whatever it is owed. Contact your bank.

If you paid with PayPal and have been refused a refund, ask again. Ask to speak to a PayPal supervisor, be prepared to argue a lot. You may get a refund, others have! As is usual with eBay a 'wait patiently' announcement was made on the Round Table board on 29th July, and nothing since.

Detective Senior Constable Michelle Cavanagh, a member of the fraud squad at Queensland Police, said she was waiting for information from the liquidator to determine where all the money has gone, and whether anything illegal has taken place. The Queensland Police fraud department had received 16 complaints so far, she said. An investigation is in process but it could be months until the investigation is complete.

Y'all come back!

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