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Tennessee Better Business Bureau Releases Warning About STORMPAY!
Posted By: Sam Freedom
Date: Wednesday, 8 February 2006, at 7:14 a.m.
This is getting reallllly outta hand...
The BBB has just issued this press release -
StormPay.com Freezes AccountsThe Better Business Bureau of Middle Tennessee alerts the public to the business practices of StormPay.com of Clarksville, Tennessee. During the first six weeks of 2006, StormPay.com has generated more complaints to BBB than any other Middle Tennessee or Southern Kentucky business.
In the past seven days, BBB has received 18,926 inquiries from consumers around the world checking on the reliability of StormPay.com.
Complaints filed by consumers from around the world state that StormPay.com has frozen their online accounts and will not release funds due. StormPay.com is an online payment processor which acts as an intermediary in the processing of funds between a web site and a customer. “Since the end of January, BBB has received over 180 complaints from users of StormPay.com” says BBB President/CEO, Kathleen Calligan. “A review of complaints filed by users indicate that the company is holding in excess of $460,000” explains Calligan.
An email sent to at least one complaintant by StormPay, states in part “…should you choose to attempt to recover your funds through other means, that conduct will result in the forfeiture of any refund…”
The majority of complaints filed with BBB, concern StormPay’s freezing of accounts from users who participate in “auto-surfing” programs. An “auto-surfing” program reportedly generates money to the user every time a user visits a participating web site.
It is the position of the Better Business Bureau that auto surfing programs can post a financial risk to participants. Often “auto-surfing” programs are thinly veiled pyramid schemes cleverly devised to participants.
Due to the complaint volume, international scope of participants and amount of money involved, BBB is requesting the assistance of federal authorities for further investigation.
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Further, the Leaf-Chronicle has wrote -
http://www.theleafchronicle.com/apps/pbcs.dll/article?AID=/20060207/NEWS01/60207003)BBB issues alert on StormPay
Middle Tennessee chapter reports surge of complaints
The Leaf-ChronicleThe Better Business Bureau of Middle Tennessee today issued an alert regarding StormPay.com, an online payment processing business, in response to over 180 complaints filed since the end of January.
“A review of complaints filed by users indicate that the company is holding in excess of $460,000,” explains BBB chapter President/CEO, Kathleen Calligan.
The BBB said it has requested the assistance of federal authorities.
Steve Girsky, StormPay owner, and John McConnell, president of the Clarksville-based business, are diverting the blame for the situation to a Web merchant with whom they’ve been associated, called “12dailypro,” which they say is being investigated by law enforcement.
For more on the story, see tomorrow's edition of The Leaf-Chronicle.
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