ED Magedson – Founder
KnC MinerBoden, Select State/Province Sweden
KnC Miner KnC 20nm AB Not delivering goods, delivering broken goods, withholding refunds Boden Internet
The company KnC Miner AB is located in Sweden, Europe, producing specialized computers. The price for such computers is up to 13'000 US$.
I ordered two of them in a pre-order. When making this pre-order, they promised that I can at any time up until delivery ask for a refund.
When it became clear that they can not deliver in time, they offered that clients could change their order to an older model. I decided to ask for a refund.
Clients who asked for a hardware swap received used and broken equipment. KnC Miner AB made therefore a profit of about 4 million US$.
People who asked for a refund - me included - are waiting since weeks for the money. Although they wrote that a refund will be paid in US$, they then offered to swap this refund in Bitcoin. However, they still do not pay. Up until now, about 50 persons who have asked for a refund are known who haven't received anything and are desperately waiting for their money.
The company is a total scam, investing client's money for making more than 400'000 US$ a day, according to press reports, while not paying pack unsatisfied customers.
This report was posted on Ripoff Report on 05/14/2014 07:32 AM and is a permanent record located here: http://www.ripoffreport.com/reports/knc-miner/boden-select-stateprovince/knc-miner-knc-20nm-ab-not-delivering-goods-delivering-broken-goods-withholding-refunds-1146541. 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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