Wow. Thanks for joining the forum to share this perspective with us. Folks, take this with a grain of salt, but it's pretty damning, like many of us thought.I was an employee there for several years, and I want to explain .... EA was little more than a glorified Ponzi scheme at the end of its lifetime.
Maybe. An older company and a web presence...I've been around enough of those situations to know that it is possible that the guy who knows how is gone already and/or with all of the other problems, it fell through the cracks. Not good for the company, but not necessarily a nefarious plot.You're right. I got a little too fired up about this yesterday and my language choices were a bit inflammatory.
I just hate seeing good hard-working people pay for items they'll never receive. Again, EA could easily put a notice on their website, and prevent people from attempting to check out and pay for things. But they haven't.
That's a possibility, but it is likely that the owner has the password to get in and access the web pages. All he has to do is give it to his attorney to shut down the site or at least the shopping cart part of it.Folks, maybe speculating a bit, but if they shutdown and have no money, they may simply not be paying the IT guy to adjust or turn off the website, its actually pretty common, he may have already been fired. Not saying its right, but other people may simply not know how to do it.
I appreciate the information.I was an employee there for several years, and I want to explain what's really happened to EA in hopes or ending the widespread speculation on this forum. The owner was not paying bills, including carrier/shipping debt (175k to FedEx alone several months ago), third party vendors, taxes, etc. In some cases a customer would request a refund because the wait was longer than initially projected, but our manager would tell us "we really don't have enough in the account for a refund currently". While EA manufactures quality attachments, Ted/Nate were absolutely using money from new orders to cover material costs for older orders. A previous post mentioned the "rob Peter to pay Paul" business strategy, and that is absolutely what was taking place at EA. In addition, some of that money was wasted on non-work related projects like a new Tesla and dock parties at the glass house. We had multiple welders spend close to a year at his glass house on the lake, doing renovations and updates instead. We suggested advising a more accurate lead time (5-6 months, instead of 3-4 months which is what we were telling folks), and Ted's response was "they won't buy if the lead time is too long!". Ted's excessive and wasteful spending is the biggest contributor to EA's downfall. If you have an order in, get your money back if you still can. EA was little more than a glorified Ponzi scheme at the end of its lifetime.
I am new to this forum, the only reason I posted at all was to try to help anyone who can still get their money back and prevent others from losing money. I would be happy to bring this to the attention of the moderator, but why is that necessary? I thought creating a post would get the information to customers the quickest. Again, not being snippy, truly asking.I appreciate the information.
But is there any reason you couldn't have warned the moderator of this group so he could pass that info along to the members? This would have save a few people having their money stolen by the owner of EA.