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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 05-05-2010, 09:58 PM   #1
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Did Anyone See The CNBC Special on How Enzyte Scammed Over 100 Million $$$ From Customers?

Did anyone see the CNBC Special on How Enzyte Ceo Steven Warshak and Customer
service Rep John Bradley scammed millions from consumers? Obviously selling Boner pills
is a scam in the first place but what was really fascinating is that they were double and triple tapping credit cards without customer consent. Plus they would make a customer fax in a Dr's not saying it was ok to cancel their prescription before they would cancel their billing. My questions is...... HOW IN THE WORLD DID THEY STAY UNDER 1% IN CHARGEBACKS? Wouldn't their merchant account shut them down? Warshak and his top execs took $100 million without customers' consent by repeatedly billing their credit cards for refills they didn't order.See full story at http://www.cnbc.com/id/35988285/
and give me your
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Old 05-05-2010, 10:02 PM   #2
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If they received a product, it's really hard to beat that. I know, shit like that happend to me on vitamins about 7 years ago that my wife bought. Scammers exist.
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Old 05-05-2010, 10:06 PM   #3
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Does the 1% CB rule even exist for drop ship businesses? I thought that was just imposed on IPSP's with internet only products?
WG
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Old 05-05-2010, 10:08 PM   #4
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what fuckers!
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Old 05-05-2010, 10:09 PM   #5
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They used multi-mids... That whole business is fucked right now and hard as shit to get merchant accounts unless everything is on the up and up. They fly people in to check the product out.
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Old 05-05-2010, 10:09 PM   #6
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Does the 1% CB rule even exist for drop ship businesses? I thought that was just imposed on IPSP's with internet only products?
WG
Oh Really? That is a very interesting point....I never heard that before but still how much higher can their chargeback ratio be? A company like this was doing mass Fraud of millions.
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Old 05-05-2010, 10:19 PM   #7
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I saw that. American Greed rocks.
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Old 05-05-2010, 10:59 PM   #8
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They used multi-mids... That whole business is fucked right now and hard as shit to get merchant accounts unless everything is on the up and up. They fly people in to check the product out.
What are "multi mids" ??????????????
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Old 05-05-2010, 11:21 PM   #9
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making the guys get a doctor's note saying they had a small dick is one for the books. that should be a case study at Harvard biz school.
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Old 05-05-2010, 11:33 PM   #10
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and now, thanks to this thread, i have that fucking whistle song in my head.
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Old 05-06-2010, 12:56 AM   #11
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The "continuity program" was actually invented by some adult sponsors here if I am not mistaken lol....
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Old 05-06-2010, 02:11 AM   #12
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what fuckers!
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Old 05-06-2010, 02:56 AM   #13
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I saw that. American Greed rocks.
Love that show
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Old 05-06-2010, 03:38 AM   #14
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they are in some country enjoying cash
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Old 05-06-2010, 03:58 AM   #15
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HOW IN THE WORLD DID THEY STAY UNDER 1% IN CHARGEBACKS?

most guys embarrassed about "these pills didnt work my dick is still small" dont call their credit card companies to complain.

simple
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Old 05-06-2010, 03:58 AM   #16
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making the guys get a doctor's note saying they had a small dick is one for the books. that should be a case study at Harvard biz school.
the fact that people were getting the notes is fucking funny
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Old 05-06-2010, 06:11 AM   #17
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Yep. I saw that special a couple of months back.
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Old 05-06-2010, 06:36 AM   #18
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Was waiting for someone to post the "they did it to me" or "I just canceled my credit card". Then be ridiculed by small dicks for having a small dick. But buying "vitamins" is close enough....lol
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Old 05-06-2010, 07:00 AM   #19
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their parents must be proud
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Old 05-06-2010, 08:17 AM   #20
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Does the 1% CB rule even exist for drop ship businesses? I thought that was just imposed on IPSP's with internet only products?
WG
depends on the reason for the charge back. the easiest thing to win is if you claim you never received the product, but unless the merchant never sent it or has a tracking receipt (rare) then you have a chance.

my is the 1% was from people claiming "product not as described" which will get you a fighting chance. Amex is great with resolving issues with customers over merchants, unlike visa/mc and discover, which is why i use my Amex for everything.

plus think of the embarrassment of having to call your credit card company not only to dispute a charge for penis enlargement pills, but that they didnt work!
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Old 05-06-2010, 08:25 AM   #21
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hard as shit to get merchant accounts unless everything is on the up and up. They fly people in to check the product out.
Exactly! If it's your home, expect someone to visit, even to open up a business checking account. That's what HSBC did to me...
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Old 05-06-2010, 08:26 AM   #22
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Anyone that thinks their dick will get bigger from a pill deserves to be ripped off.
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Old 05-06-2010, 08:26 AM   #23
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making the guys get a doctor's note saying they had a small dick is one for the books. that should be a case study at Harvard biz school.
It may also end up being an interesting case study for FDA and FTC!

I worked behind the scenes for a supplements company and half of the job was trying not to run afoul of those two government organizations.

I'd imagine that requiring a doctors note would run afoul of that infamous "these statements have not been evaluated by the FDA" statement.
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Old 05-07-2010, 04:56 AM   #24
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depends on the reason for the charge back. the easiest thing to win is if you claim you never received the product, but unless the merchant never sent it or has a tracking receipt (rare) then you have a chance.

my is the 1% was from people claiming "product not as described" which will get you a fighting chance. Amex is great with resolving issues with customers over merchants, unlike visa/mc and discover, which is why i use my Amex for everything.

plus think of the embarrassment of having to call your credit card company not only to dispute a charge for penis enlargement pills, but that they didnt work!
I think it's impossible to win a chargeback with Amex because they make the merchant
provide a screen shot of the customer agreeing to the terms and conditions. Who the hell
has this? Is there a way to do this and if so how?
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Old 05-07-2010, 07:10 AM   #25
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Anyone stupid enough to order that product deserves to lose some money. How could they be so dumb? Natural male enhancement?

Props to the guy that invented it for being to fleece so many idiots out of their money.
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Old 05-07-2010, 08:11 AM   #26
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they charged me 4 times, but my cock got 4 times and large, so it worked out.
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Old 05-07-2010, 08:51 AM   #27
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Old 05-07-2010, 09:18 AM   #28
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Does the 1% CB rule even exist for drop ship businesses? I thought that was just imposed on IPSP's with internet only products?
WG
I heard Amazon's CB ratio was kinda high, but since it's not adult the CC companies don't care as much.
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Old 05-07-2010, 09:45 AM   #29
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lots wrong information and assumptions in this thread
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Old 05-07-2010, 09:48 AM   #30
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I heard Amazon's CB ratio was kinda high, but since it's not adult the CC companies don't care as much.
interesting, prolly due to all the amazon shops
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Old 05-07-2010, 11:08 AM   #31
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lots wrong information and assumptions in this thread
Please correct them.
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Old 05-07-2010, 11:17 AM   #32
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The website is alive and well: http://www.enzyte.com/
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Old 05-07-2010, 02:29 PM   #33
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Heard him and his mother both got jail time.
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Old 05-07-2010, 02:30 PM   #34
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Yeah, I love this infomercial. I love the blinking semi-hotty that's so passionate about everyone getting big dicks. You'd almost think she gave a fuck!
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Old 05-09-2010, 02:15 PM   #35
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In March 2006, following thousands of consumer complaints to the Better Business Bureau, Federal agents raided Berkeley facilities, gathering material that resulted in a 112-count criminal indictment. The company's founder and CEO, Steve Warshak, and his mother, Harriet Warshak, were found guilty of conspiracy to commit mail fraud, bank fraud, and money laundering, and in September 2008 were sentenced to prison and ordered to forfeit $500 million in assets.[2] The convictions and fines forced the company into bankruptcy, and in December 2008 its assets were sold for $2.75 million to investment company Pristine Bay, which continued operations.[3]

bling bling
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Old 05-09-2010, 04:34 PM   #36
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Does the 1% CB rule even exist for drop ship businesses? I thought that was just imposed on IPSP's with internet only products?
WG
I'm not sure what the CB ratio is for them, but you are right. They get alot more leway than we do.
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