PayPal stealing money on a Grand Scale under AUP violations

[djpky]

Hi...newly scammed PayPal victim. Were you able to get resolution here?

Originally Posted by cs38

FYI, this is the demand letter I just sent to paypal

Attention Paypal Litigation Department,
Your system stole $455,709.97 from me. The following 10 accounts show the amount & the date that the funds were eligible to withdraw as promised by your emails with the last account for $3 being the smoking gun:

10 account details REMOVED

I have complied with your process & sent you a Notice of Dispute via Certified Mail, 4 times, received February 27, 2020, April 10, 2020, May 18, 2020, & July 24, 2020 (See attached). You have not honored your 180 day wait for funds to be eligible, nor has this mailing process been acknowledged, despite the implication that it would be, let alone resolved, within 30 days of mailing. The previous notices were requesting the balances of only the accounts which you had debited to yourself since December 11, 2019 & various days of 2020, & giving you a deadline to resolve before litigation would commence. Now, this is the complete accounting of what you owe me for the ebay sales I received in 2018 & 2019, without issue or chargeback, & in some cases, over a year has passed since your permanent limitations on each account. Half of the funds remain in the accounts, & I have compiled many replies of lies from customer service saying that I could just withdraw the funds now, despite continued error messages when I try. In October 2020, there were recordings of your specialists on the phone opening cases, saying there will be no problem, they just had to get a restriction removed & then I could withdraw the funds. All lies as well.
You have until December 1, 2020 to send a check for $450,000 to resolve your theft & continuing damages caused to me. I understand from lawyer Anastasia Mazzella that you do not roll over with a demand letter, “they fight everything”. Apparently, my loss does not meet their threshold for representation, but she referred me to Amir Goldstein, who sued Paypal earlier this year & settled in May 2020. He wants a $15,000 retainer, to proceed in holding you accountable for this theft.
If you force my hand, & make me pay $15,000 to retain him, there will be litigation for the $455,709.97 + 126.12 CAD in actual paypal balance losses, as well as punitive damages for the following:
• You sent 1099’s to the IRS causing me great tax liability for the income of the $455,709.97 that you profited off of me when you debited my accounts to yourself, or continue to keep the balances locked from allowing me to withdraw them
(See attached example of 3 of them). The penalties & interest are accruing.
• Over $45,000 paid to eBay in 2019 for the Final Value Fees on the sales of the $457,000 that you stole.
• The 4,000+ hours worked in managing my ebay store for the payments received involving the $455,709.97 USD + 126.12 CAD balance is at minimum $80,000 in wages.
• There is over $50,000 of receipts showing cost of goods that were shipped to buyers, that you then took the gross sales & net profit of.
• The opportunity cost of not spending that 4,000+ hours from 2018-2019 on my news website, as well as suspending Youtube monetization, exceeds $100,000
• The opportunity cost of over $100,000 of not being able to invest some of the balance in the stock market where the 3 major indexes saw 35%, 29% & 22% increases.
• Continuing to pay rent, instead of buying a small home with the funds I was expecting from my balances.
• The inability to pay my $50,000 student loan debt off a year ago has harmed my credit, as well as accumulated penalties & interest.
• Lawyer fees exceeding $15,000
• Certified Mailings & other costs $100+
• Emotional distress, pain & suffering
• More to be determined
• You will end up paying me over a million dollars. If you do not settle this by Dec 1, I am forced to retain a lawyer, & punitive damages as stated above, will be pursued, & I will never settle with you. I will have a judge or arbitrator decide. I have the network to get publicity, & enough to battle you until the end.
I do not want to reward you for the unprofessional, continuous lying by your representatives all year, & the silent debits to yourself without notice right before the promised 180 day withdrawal moment, but I am willing to settle the 10 accounts that I own, for $450,000 instead of the $455,709.97 + 126.12 CAD + lawyer fees + punitive damages in order to avoid paying the lawyer $15,000 to get my money from you months from now.
You shouldn’t underestimate that 10th account involving $3, nor ruining someone’s life which is what you are doing when you take their life savings like this, after a year of dedicated hard work selling items, & especially underestimating ME. That 10th account shows a lot. See, it wasn’t even a selling account. Like everything about Paypal, I was forced to open it. I want nothing to do with Paypal anymore, & I’m glad eBay has implemented their integrated payment system. Even when someone bought something from eBay, & didn’t want to use your service or card on the Paypal powered checkout, they are still forced to sign up with Paypal. Even when using a grocery store bought eBay gift card, one is surprised to enter the code & an error message in read says you must login to a Paypal account to use the ebay gift card. That 10th account was registered for the sole purpose of doing my eBay purchases with my eBay gift cards bought from the grocery store, but still forced to login to a Paypal account to complete the purchase on eBay. The seller refunded me $3 for excess shipping, & when trying to make another purchase on eBay with another eBay gift card, the login had an error, which led me to the transaction activity to reveal that on May 12, 2020 you stole the $3 to yourself citing your new addiction, the “Acceptable Use” policy. The arbitrator / judge is not going to take kindly to this kind of brazen, outrageous, petty, systematic, abusive, arbitrary & capricious widespread theft citing AUP whenever you want. That $3 pawn is such an underestimated leading argument into your abuses & negligence. I never had an issue withdrawing my funds from identical payments received from 2014-2019 through the same ebay store that is popular to this day, now through eBay’s integrated payment system.
Please resolve this with me by December 1, 2020.

[Zwill]

Any update

[walkingupwards]

When the "supreme" court is corrupt as f**k, don't be surprised that PayPal and similar companies pull this kind of bulls*it.

[pothos]

paypal probably is using the money they stolen from sellers to invest on stocks and make a fortune.

[walkingupwards]

It is absurd that companies can force users to sign agreements that block them from filing class action lawsuits!!

Truth is that people have zero power over the laws that govern their lives!!! These companies must be tamed and the ones who are pulling this crap at PP or any other company should be jailed because otherwise this nonsense will never stop.

[james_112233]

@cs38

Any update ? Did they respond

[prodigyace]

I'm extremely interested in an update from cs38

[jamthedeejay]

Originally Posted by cs38

FYI, this is the demand letter I just sent to paypal

Attention Paypal Litigation Department,
Your system stole $455,709.97 from me. The following 10 accounts show the amount & the date that the funds were eligible to withdraw as promised by your emails with the last account for $3 being the smoking gun:

10 account details REMOVED

I have complied with your process & sent you a Notice of Dispute via Certified Mail, 4 times, received February 27, 2020, April 10, 2020, May 18, 2020, & July 24, 2020 (See attached). You have not honored your 180 day wait for funds to be eligible, nor has this mailing process been acknowledged, despite the implication that it would be, let alone resolved, within 30 days of mailing. The previous notices were requesting the balances of only the accounts which you had debited to yourself since December 11, 2019 & various days of 2020, & giving you a deadline to resolve before litigation would commence. Now, this is the complete accounting of what you owe me for the ebay sales I received in 2018 & 2019, without issue or chargeback, & in some cases, over a year has passed since your permanent limitations on each account. Half of the funds remain in the accounts, & I have compiled many replies of lies from customer service saying that I could just withdraw the funds now, despite continued error messages when I try. In October 2020, there were recordings of your specialists on the phone opening cases, saying there will be no problem, they just had to get a restriction removed & then I could withdraw the funds. All lies as well.
You have until December 1, 2020 to send a check for $450,000 to resolve your theft & continuing damages caused to me. I understand from lawyer Anastasia Mazzella that you do not roll over with a demand letter, “they fight everything”. Apparently, my loss does not meet their threshold for representation, but she referred me to Amir Goldstein, who sued Paypal earlier this year & settled in May 2020. He wants a $15,000 retainer, to proceed in holding you accountable for this theft.
If you force my hand, & make me pay $15,000 to retain him, there will be litigation for the $455,709.97 + 126.12 CAD in actual paypal balance losses, as well as punitive damages for the following:
• You sent 1099’s to the IRS causing me great tax liability for the income of the $455,709.97 that you profited off of me when you debited my accounts to yourself, or continue to keep the balances locked from allowing me to withdraw them
(See attached example of 3 of them). The penalties & interest are accruing.
• Over $45,000 paid to eBay in 2019 for the Final Value Fees on the sales of the $457,000 that you stole.
• The 4,000+ hours worked in managing my ebay store for the payments received involving the $455,709.97 USD + 126.12 CAD balance is at minimum $80,000 in wages.
• There is over $50,000 of receipts showing cost of goods that were shipped to buyers, that you then took the gross sales & net profit of.
• The opportunity cost of not spending that 4,000+ hours from 2018-2019 on my news website, as well as suspending Youtube monetization, exceeds $100,000
• The opportunity cost of over $100,000 of not being able to invest some of the balance in the stock market where the 3 major indexes saw 35%, 29% & 22% increases.
• Continuing to pay rent, instead of buying a small home with the funds I was expecting from my balances.
• The inability to pay my $50,000 student loan debt off a year ago has harmed my credit, as well as accumulated penalties & interest.
• Lawyer fees exceeding $15,000
• Certified Mailings & other costs $100+
• Emotional distress, pain & suffering
• More to be determined
• You will end up paying me over a million dollars. If you do not settle this by Dec 1, I am forced to retain a lawyer, & punitive damages as stated above, will be pursued, & I will never settle with you. I will have a judge or arbitrator decide. I have the network to get publicity, & enough to battle you until the end.
I do not want to reward you for the unprofessional, continuous lying by your representatives all year, & the silent debits to yourself without notice right before the promised 180 day withdrawal moment, but I am willing to settle the 10 accounts that I own, for $450,000 instead of the $455,709.97 + 126.12 CAD + lawyer fees + punitive damages in order to avoid paying the lawyer $15,000 to get my money from you months from now.
You shouldn’t underestimate that 10th account involving $3, nor ruining someone’s life which is what you are doing when you take their life savings like this, after a year of dedicated hard work selling items, & especially underestimating ME. That 10th account shows a lot. See, it wasn’t even a selling account. Like everything about Paypal, I was forced to open it. I want nothing to do with Paypal anymore, & I’m glad eBay has implemented their integrated payment system. Even when someone bought something from eBay, & didn’t want to use your service or card on the Paypal powered checkout, they are still forced to sign up with Paypal. Even when using a grocery store bought eBay gift card, one is surprised to enter the code & an error message in read says you must login to a Paypal account to use the ebay gift card. That 10th account was registered for the sole purpose of doing my eBay purchases with my eBay gift cards bought from the grocery store, but still forced to login to a Paypal account to complete the purchase on eBay. The seller refunded me $3 for excess shipping, & when trying to make another purchase on eBay with another eBay gift card, the login had an error, which led me to the transaction activity to reveal that on May 12, 2020 you stole the $3 to yourself citing your new addiction, the “Acceptable Use” policy. The arbitrator / judge is not going to take kindly to this kind of brazen, outrageous, petty, systematic, abusive, arbitrary & capricious widespread theft citing AUP whenever you want. That $3 pawn is such an underestimated leading argument into your abuses & negligence. I never had an issue withdrawing my funds from identical payments received from 2014-2019 through the same ebay store that is popular to this day, now through eBay’s integrated payment system.
Please resolve this with me by December 1, 2020.

How's this issue going?

[walkingupwards]

Originally Posted by Papapad

this is unbelievable story.

He who steals 70k would also snap the 450

[HurricaneHuntr]

This is a based thread. I hope this guy wins, Paypal will have a **** fit. Settling is the smart thing to do.. Litigation is so costly.

[jackreacher]

I hope he wins but its always best to play the non settling game and then give the other side a way out after legal jousting.

I've even said I'm not settling in the pre court waiting room (knowing I had a good chance of winning) Then in court they told the judge they would like to settle. I agreed to settle as long as I got everything I wanted plus my legal fees.. and I got it . The only thing I let them off with was interest from the legal bank rate of 17% to a court determined rate of 10%.

[byronius maximus]

Are they clawing funds out of bank accounts or just keeping what is in the actual paypal accounts?