- Report: #928783
Report - Rebuttal - Arbitrate
Complaint Review: Printroom.com
Printroom.com2520 Mission College Blvd., Suite 102 Internet United States of America
Printroom.com Is operating using a "PONZI SCHEME" business model! Internet, Internet
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I am still awaiting my profit checks from sales in January and February 2012. I have filed a complaint with the BBB, which resulted in a meaningless formletter "response" from Printroom, with no firm date for when checks will be paid. The BBB has now lowered the Printroom company rating to an "F", due to the large and continuing number of complaints from disgruntled photographers awaiting payment. This company is operating under a classic "Ponzi Scheme" business model, using sales from mt photo galleries to pay the profit checks due to other, likely larger, clients. I believe that they continue to post their fraudulent "Terms of service" in hopes of attracting new, unsuspecting photographers to sign up and use their storefront service, thus generating "new revenue" to continue to fuel the "Ponzi Scheme"!
They are a classic, "Ponzi Scheme" Rip-Off, and are likely also in violation of interstate wire fraud statutes, by continuing to solicit new accounts based on their posted "Terms of Service", which they know to be fraudulent. All pro photographers, be warned: stay away from this classic Ponzi scheme!
This report was posted on Ripoff Report on 08/17/2012 03:03 PM and is a permanent record located here: http://www.ripoffreport.com/r/Printroomcom/internet/Printroomcom-Is-operating-using-a-PONZI-SCHEME-business-model-Internet-Internet-928783. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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