As a general rule, now of days I do not believe in paying in full or perhaps set a limit as to what you are prepared to write off in case the Seller is a conman.

My previous experience was with a trader at Lelong and subsequently in Low Yat was that he would offer cheap processor. In fact he will actually send you the first processor. After that he will offer more things for sale always at a cheaper price and that is where he goes for the kill. I banked in about RM600 to get a second processor and he sent me an empty box. I made a complaint to Lelong which gave his a dispute tag. He later contacted me to remove the tag and he refunded my money.

But unknown to me he had in fact caught a bigger fish, I think an amount of RM6,000 banked in by another forumer in LowYat and the dispute tag was removed so that he could proceed to con the bigger fish. That is the beauty of online trading, we do not know how many people is owed until a refund list is put up.

I am not trying to rub any insults into the members injury but I wish to say that too many times this has happened on the guise of "cheap" things we are drawn by our own greed. If you read most con post the victims always have to beg the socalled "supplier" for a refund. If you read his response is like I give you the following options take it or leave it?

I strongly believe that if you have taken people's money, he has an obligation to refund no matter if he had given money to his supplier. If he is sincere, he would have given us updates.

Why does an outsider have to get a report. Put up the police report on the first page if any of the "victims" has even bothered to get a copy of the report.

My observation are:

1. Most of the banks here do not assist the victims in freezing the account. Even on whether they have done proper verification on the identity is in doubt. Why are scammers so daring to give IC and account number if we can trace them easily?
2. Police. Nothing to say looking at Poweredge case.
3. Administrators can only provide a forum. Whether they have done enough to make inquiries is another issue.
4. We don't know the extent of the loss until a list is drawn up.
5. Forumers are never united or they lack initiative. A lot of talk like lets beat up so and so but a police report is also very rare to come by.
6. A lot of dreamers hoping to be nice to the seller hoping that out of his or her good heart he will get a refund.

I hope that by sharing this we can all be vigilant and stop people from abusing our trust in LowYat. There are many great sellers who are genuine but there will always be a shark out there due to the above weaknesses.

This thread should not be closed as there may be further victims who had still not reported. In addition, this is useful to update members generally on the progress of the refunds if any and actions taken to date by the lead team members.

Again you all should make sure that you all co-ordinate with Ranger Red through the PM. Don't let the minority do all the work if the majority is silent and not bothered. Stop complaining about your hard earned money here because your post is not helpful here.

Sounds very ungrateful to me.

I think it is wrong to accuse the people that have made a report to cause the suspension of the refund. He has an obligation to refund irrespective of the police report.

As to the action by the police, they have an obligation to investigate once a report is lodged. If there is a case to answer from the investigation then the case would go to court.

Please bear in mind that there are more than 100 people here involving a large sum of money.

I think the authorities are taking a serious view of this type of cases.

A lot of members have given him plenty of time to sort out the problem earlier.

Again this highlight the serious weakness of the Bulk trading as the amount of money collected is unknown until it is too late. Perhaps a restriction should have been in placed to restrict collection in advance to limit the amount of money collected in advance.