In a true Ponzi scheme youn ever get anything except the newest members money. The fact that you actually got a tonearm means it's not a Ponzi scheme/ It sounds like an old fashioned bankruptcy.
Hello,
it's not bankrupt yet, i just need some time to satisfy all customers in the end, that's why i sent these statements to my ebay customers and my customers off ebay
Ebay statement
i have been selling my tonearms since 2013 and here on ebay since march 2019. all customers have received their tonearm and no one has lost their money with me. the only complaints here on ebay were always because of the long delivery times, which were not intentional on my part were made, but because of my illness (I'm 74 years old) now ebay has ruined me for no reason. I had a complaint from the USA that the customer had not yet received his tonearm. I settled it immediately with the customer in all friendship and sent him the arm. he confirmed receipt. since the customer had not opened the complaint on Ebay (the complaint period of 30 days had passed), he had opened the complaint via his payment service provider (Paypal/Bank) I then asked the customer to to close the complaint because ebay had blocked my balance on my ebay account and was no longer making any payments. but i always need the money to buy new material for ongoing production. The customer immediately closed the complaint with his payment service provider and sent me the confirmation from his bank (see attached image) Despite my many phone calls to ebay (very long and expensive) and the receipt and emails from the customer confirming that he was happy with the delivery, ebay has not released the money to me (a large amount) Instead, ebay kept my money and still hasn't closed the complaint. Furthermore, ebay has removed all my offers and blocked my account. Since I have no financial reserves and have only ever lived off the small profit from my tonearms, I was not able to buy new material for the production. Ebay intentionally damaged my business (is a punishable offense in Germany and is in the penal code) For this reason, I ask all my customers to open a complaint on ebay because of non-delivery. If the complaint period on ebay is over, you have the option (up to 6 months) to open the complaint with your financial service provider (Paypal, bank ect) This is how you get your money back. I'm sorry about my customers, but I have no other option in the current situation. I still have to sell some tonearms to survive, but outside of ebay Please let me know if you don't get your money back for any reason, I will of course refund it. Since ebay brought me into this situation, ebay should first take responsibility for it. That's what buyer protection is for. I'm sorry for all my customers, but at the moment I have no other option.
Moratorium with my customers
the delivery of more than 30 tonearms is still open (16 on ebay and about 17 outside of ebay) that's impossible to do in a few days. i'm a one-man business and do everything on my own with great attention to detail and everything with the highest quality precision.otherwise my tonearms would not be rated so extremely highly by my customers worldwide.there is only one way i can get out of this disaster.
Every day I get emails from my customers: where is my tonearm? The whole thing took such a toll on me mentally and physically (I'm 74 now) that I got serious heart problems and had to go to the emergency room several times. Only yesterday again.
there is only one solution to this problem. They give me 8 weeks to reorganize myself all customers get their money back or their tonearm in about 8 weeks. I've been self-employed since I was 21 and lost all my money in a big investment. I don't get any pension or any other payment. I live on the small profit I have on the tonearms. Everyone knows what all the parts are for a complete tonearm and that my selling price is far too low to make a big profit. Ebay alone collects 13% commission from above, that's 26% from below, with a 50/50 calculation (50 material, 50 gross profit) That means I have 24 euros out of 50 euros. I was therefore unable to build up any reserves from the sale of the tonearms and I also have no security for a bank loan. Absolutely no assets available. I lost everything in a large investment in Germany.
Therefore I need some time to accumulate the money for my clients. Since I will now bring 2 patents to the crowdfunding platform INDIEGOGO, I see no problem in getting enough money for all repayments together.. If all customers of a bank want to withdraw their money together, then the bank will go bankrupt, no bank can do that (see Credit Suisse in Switzerland, when many customers withdrew their money at once)
The buyers outside of Ebay now give me 8 weeks to reorganize myself and after 8 weeks give you your tonearm or alternatively to deliver your money. I will now present 2 of my patented digital adjustment tools for tonearms on the crowdfunding platform INDIEGOGO and I am absolutely sure that I will get enough money for the future without any problems.
here are the 2 youtube links for my digital adjustment tools for tonearms
https://youtu.be/h-o8dAwwDtE
https://youtu.be/-irM_vn7PTQ
You will not find any note on the entire internet that a customer has lost his money with me. I have been an absolutely correct businessman for over 50 years. You will only find notes about my late deliveries (due to my months of illness, where I was not able to work fully) I hope that you understand my situation and that you appreciate my honest and open letter.
