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 :2 cents:

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.

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

what fuckers!

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.

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.

I saw that. American Greed rocks.

What are "multi mids" ??????????????

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.

and now, thanks to this thread, i have that fucking whistle song in my head.

The "continuity program" was actually invented by some adult sponsors here if I am not mistaken lol....

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Love that show:thumbsup

they are in some country enjoying cash

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

simple

:1orglaugh the fact that people were getting the notes is fucking funny

Yep. I saw that special a couple of months back.

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

their parents must be proud

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 :2 cents: 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! :1orglaugh:1orglaugh

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... :(

Anyone that thinks their dick will get bigger from a pill deserves to be ripped off.

It may also end up being an interesting case study for FDA and FTC! :winkwink:

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.

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?

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.

they charged me 4 times, but my cock got 4 times and large, so it worked out.

I heard Amazon's CB ratio was kinda high, but since it's not adult the CC companies don't care as much.

lots wrong information and assumptions in this thread

interesting, prolly due to all the amazon shops

Please correct them.

The website is alive and well: http://www.enzyte.com/

Heard him and his mother both got jail time.

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! :thumbsup

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

I'm not sure what the CB ratio is for them, but you are right. They get alot more leway than we do.