Wow! An unexpected (or is it?) development in the NADN-Oryan Management saga:
Oryan Management (the online mall manager for now defunct NADN) has quit their online malls. They are leaving mall owners high and dry (but I assume canceling all future notes owed them?) I am not sure if this is good or bad news for those of us who where scammed with this tax fraud and how it will affect our taxes, but I got this email today:
From Oryan Management:
Dear Mall Owners:
Oryan Management is forced to close. The NADN Bankruptcy Estate owes Oryan $670,000. Oryan has had no revenue since the NADN Bankruptcy. It has burned through all its cash looking for new ways to generate new sales and has failed. Besides the fact that Oryan is a service company, not a sales company, the Internet bad press regarding the DOJ lawsuit, and Oryan's vendor relationship to NADN have been severe barriers to gaining new sales.
Without compensation, Oryan has kept Mallforall.com and Shopn2000.com Internet shopping malls active. We have paid the hosting fees and continued to develop new enhancements to the mall. The intent was that it would provide you, current mall owners, with additional ways to generate revenue from your business, and provide Oryan with new sales channels. However, we ran out of money before achieving our goal.
All employees have been laid off, with the exception of a few to help close the business. As of July 22, 2004, the servers will be shut down and Mallforall.com and Shopn2000.com will no longer be accessible.
Oryan staff enjoyed the thousands of hours spent on the phone talking with you mall owners interested in running your businesses. We sincerely wish each of you the very best in your future endeavors