Fuel saver product banned; company fined $4.2 million

[EyeMWing]

Looks like Mythbusters will be getting their money back from that kit.

rofl.

 

[Number1]

Sound like those "ionized" QRay bracelets that make people feel better, really better. Who here is wearing one? Do not be afraid, we won?t make fun of you (much).

 

[Number1]

Originally posted by: Dunbar
Why should those idiots get a refund? I wonder what will be next, those pills that "block" fat?

The scamers should NOT profit by ripping off people and should refund every penny they made.

 

[Vic]

Originally posted by: dmcowen674

Originally posted by: Vic

Originally posted by: dmcowen674
Waiting for usual list of suspects that defend such business practices no matter what.

Ah... speaking of stupid.

You bought one?

Duh... :roll:

No one is defending the business practice, troll. Of course everyone wants the business shut down. Where you troll (as usual) is that you accuse people of supporting the business practice simply because they have no sympathy for the morons who fell for such an obvious scam (you'd have to be more ignorant of science that a fundie creationist to fall for this one). And like I said, stupid should hurt. Otherwise, you simply reward people for being stupid. I can understand why you're in favor rewarding stupid, because you are stupid, but the rest of us don't feel like paying for your stupidity. So instead of rewarding the morons and giving them refunds, I'd rather see the money go to education or something similar. An ounce of prevention is worth a pound of cure.

 

[iamaelephant]

Originally posted by: IGBT
"We had experts testify that the device defied the laws of physics and wasn't a good thing."

So the device actually does defy the laws of physics? Someone get Stephen Hawking onto the case!

 

[mayonnaise]

Soo...

About 15 mil in sales minus (4.2 mil fine + whatever other moneys they paid for servers, marketing, manufacturing, refunds etc) = profit?

Anyway you cut it I'm sure they made a couple of million of the whole thing.

 

[mugs]

Originally posted by: mayonnaise
Soo...

About 15 mil in sales minus (4.2 mil fine + whatever other moneys they paid for servers, marketing, manufacturing, refunds etc) = profit?

Anyway you cut it I'm sure they made a couple of million of the whole thing.

No, they have to refund everyone's money.

So they're in the hole about $5 million. That must sting... these people thought they had a nice scam going, the money was rolling in, and then they end up worse off than when they started.

 

[mayonnaise]

Originally posted by: mugs

Originally posted by: mayonnaise
Soo...

About 15 mil in sales minus (4.2 mil fine + whatever other moneys they paid for servers, marketing, manufacturing, refunds etc) = profit?

Anyway you cut it I'm sure they made a couple of million of the whole thing.

No, they have to refund everyone's money.

So they're in the hole about $5 million. That must sting... these people thought they had a nice scam going, the money was rolling in, and then they end up worse off than when they started.

I really doubt everyone's going to get a refund, the paperwork for 10s of thousands of customers is gigantic and I doubt any judge/court/lawyers would want to go through it all to make sure everyone got reimbursed.

The article isn't very clear on if they are to issue refunds to every direct customer or just to those who wish a refund... and what happens to the indirect sales that were made through gas stations or something?

edit: Also people in other countries might not even be aware of the situation..how do they get a refund if they're required to make a claim for one?

 

[Jeff7]

Magnets can do anything