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Comments
RackNerd had been went away before? havent heard it
but you bought over Velox
Its about sending a message.
This guy run away with the money, time to let paypal and stripe know.
it's very important to chargeback all purchases as its via the previous owner not the new one who will unlikely honor your contracts!!!
There's at least four/five weird companies ran away at the same time.
His Linkedin profile also seems deleted / private.
On the other side, gonna be a year with the most chargebacks so far, its going great.
Eric. Quick overview
$24k to $96Kunfunded infra bills on top of other costs (refunds, licenses, compliance)minimal experienceoperating hostingunsustainable dealsLewis fucked Eric.
Eric fucked himself and his customers he now has wherever he likes it or not.
LET fucks VeloxMedia and Eric.
I had something else lined up but I have held my tongue because it either would be incredibly ballsy or stupid.
This is like finding a poor or homeless person on the streets, passing away the whole business to them without any funds, then going to Maldive and enjoy the money. One has to admire the simplicity and effectiveness of this legal scam.
In my opinion there is nothing @VeloxMedia can do. He is now stuck with a losing business which was actually designed to be a scam from the get-go. His only option is to go to the police and report this scam, in hopes that someone else will not be a victim of something like this in the future.
EDIT: Forgot the gif.
Can't he annulled the transfer or bankrupt the company?
Putting things in bold don't make it true... let met know, what legal reason will you enter to your creditcard company (Stripe is payment for most customers on VeloxMedia I think, and they point you to your creditcard company); services are still running, company does reply and although they're saying "you are not our customer" you can still login to their portal and (as said) they're still maintaining the service... If they terminate the service and reply "we don't want to provide what has been promised" you may have a chance for a succesful chargeback.
And no, "here it is written on a forum post" doesn't count for a creditcard company...
what company?
mr lewis the sole trader was burnt out and was looking for someone to take over the brand
mr eric stepped up, mr lewis gave access to everything and called it a day
mr lewis is now living happily with his bf
Eric is still Lewis, he's just pretending to be a moron so when he turns it all off next week you guys feel sorry for him for all the thousands he lost trying to help you.
dont forget what i said when it happens!
Hmm, so his next optimal move is to not recognize the contract with lewis as the sole trader or just put it on $1 company then enter voluntary liquidation
Edit: wait, he doesn't even have the list of contract
I am starting to think the same. It is unlikely that such a move was properly done. A sole trader from UK sold his business to a citizen from US, all so fast. Such a process I suppose would need a lot of paperwork and legal approvals, which in turn will offer time to think towards the buyer.
A sole trader answers with his house and his own personal assets when shit hits the fan. In UK should not be this easy to get out from your responsibilities towards customers. There was no company to sell, so there is no company liable with the old ownership (just a person acting as sole trader) - I still can't grasp what was sold and how.
I'm confused. Like I agree the sale is sketchy af, but we don't know for sure that the VPSes are all down for good... do we?
I know the guy seems to have threatened it and the servers have been down temporarily, but it seems premature to be thinking about a court case for what could end up just being a temporary outage. OK, you might be pissed off about your data being transferred to someone else as part of the sale, but that'd also happen if it was a normal company that was taken over.
The only substantive difference between this and any other sale (apart from the seeming incompetence of both) is that Lewis is still personally liable for any debts that accrue e.g. chargebacks, servers taken out in his name before the transfer that haven't yet been cancelled.
That said, I still have 4 more pages to catch up on, so maybe there's been more bombshells I've not read yet!
sold? according to what i have seen and read so far, i dont recall seeing any mentions of some sale happening
it was simply handed over to someone else
And you didn't think about how you were going to break even or make a profit before you took over the contractual responsibilities?
If this is true, then you really are an idiot. WTF actually made you take the decision to "buy" or whatever this shitshow?
If Lewis had taken 3 years of payments from some, and 1 year of payments from some others, he must be sitting on a whole ton of cash already. Any deal taken should have involved some of that being passed on to you so that you can honour the contractual obligations.
Because you seem to be acting like a complete dick.
If you intend to honour everyone's already paid for service, just say so and do it. You might get renewals and new sales if you act like a responsible adult buying a business.
If you don't intend to honour everyone's already paid for service, just say so and they can start the chargebacks and/or legal proceedings to reclaim their money. Nobody will ever touch this brand ever again, and while you'll have limited your losses, you'll have wasted your time taking over.
It's up to you what you do. But really this is something you should have thought of long before you got legally involved in this mess.
Based on his response to my question about the acquisition, it seems there was no purchase involved. The business was simply handed over.
I no longer have an interest in who the new owner is. Despite having access to everything, they've remained unwilling to be transparent about their identity, so I'll just ditch whatever services I have with them and move on.
Nobody knows who you are. Just "Eric". Eric who?
You claim to have a company benthost, whose name itself seems designed to say "i'm here to scam you". That company webpage looks like it was only just thrown together, and the about page goes nowhere and the contact details include an address that looks bogus. Googling that address shows a whole load of similarly sketchy looking "just installed from a template" hosting websites. But the exact same address and different ZIP codes. It just smells rotten.
This so-called company seems to have not one fucking clue about how to run a hosting company, and yet purchased a failing hosting business who by the "owner's" own admission was running at about a 25% loss, wasn't even a company, made the deal in only a couple of days after the original reddit post that TLDR's as "I have no idea what i'm doing, even though i've done this for 4 years apparently. Does anyone want my business/not-a-business thing?"
You so called company and you yourself seem to have done zero due diligence in this deal, whatever it is, and honestly seem to have considered the consequences of your decision for less time than most people would take to choose a pizza topping.
And now you are flip-flopping between "I'm everyone's saviour because I'm doing them a favour" and "fuck you all, I'll turn off all the servers if you don't bow down to me right now".
Just pick a narrative and stick to it.
And tell us who you are, so people know how to get their money back.
Apparantly you do forget things - again: stating things in bold doesn't make you more believable or heard; it makes you just more annoying.
Now answer the question I asked: what legal ground do you see to ask for a chargeback that - at this moment in time - has reasonable chance of getting through?
Most of us who are involved will try to chargeback - don't worry. But only when you have a reasonable chance of it being honoured. At this moment I don't see it, so it's a waste of time and maybe even bring the chance for a future chargeback down.
You're approaching this with the attitude of a kid who's trying to explain why their bedroom still isn't tidied up yet.
Right, because everything you've said so far can be trusted...
Clearly, Eric is just playing dumb.
An awful year like 2025 could not have ended better than a proper scam, precisely on Christmas.
In fact, no one has seen any official documents regarding the transaction, and no one knows exactly who this ERIC guy is or any details about his NEW company. Therefore, until he clarifies all of this, nothing he says is trustworthy.
From what i can see, this whole thing is totally a long planned SCAM.
It seems like you're managing to delete most of the data just through incompetence alone.
Fraudulent misrepresentation and tax avoidance from the legal side.
Losing everybody's trust and goodwill after BF from the business side.
If everything is online, why is everyone complaining that their VPSes have been shut down?... it doesn't make any sense.
Yes. Buying a company (which you haven't done, again, because there was no company to even buy) means you take both the assets (money in bank, brand, customers, good will, reputation, etc) along with the obligations (services already sold but not yet provided).
You can't take one without the other.
Now, there is a way to do this properly, and that's to declare bankruptcy and appoint some administrators to work out what assets can be sold off to pay off as much of the debt as possible. As there was no company and Lewis was a sole trader, that means him personally. That means all of his assets - house, car, that cosmetics business, etc are all things that been to be disposed off to cover the debts before he can be declared bankrupt.
What your involvement in this is between you and him. If you decide to cancel everyone's services, those people will go after Lewis and hopefully he will sue you for the damages.
You were in need of some common sense about a week ago.
Found beanman
It seems that your business strategy is "hope for some new orders to come in, so that the server costs for everything else will be covered". The other name for that is ponzi scheme.
If you don't have the slightest idea how you're going to continue providing services, then you shouldn't be taking on new customers. Especially when you have no idea even what's being offered for sale on your site.