Content Provider DeeGor Posted March 10, 2017 Content Provider Share Posted March 10, 2017 Looks like Virtuapin just got handed a default judgement against them to the tune of $155,000. This all stems from the Predator pinball fiasco. Ouch. https://images.pinside.com/c/c8/7e/cc87e910deab4ce1a5a1812007656c107c4c2947.pdf Link to comment Share on other sites More sharing options...
Administrators Wildman Posted March 10, 2017 Administrators Share Posted March 10, 2017 Man That sucks Link to comment Share on other sites More sharing options...
Thalamus Posted March 10, 2017 Share Posted March 10, 2017 ROFL .... knowing what I do now about your history with Paul and ... seeing this post, I moved my view from the post to your avatar. I stared laughing so hard I almost peed myself. The evil smirk came at exactly the correct time to make it super hilarious. Its been years since I've laughed this hard. You saved my day Wildman ! Thank you :-) Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted March 10, 2017 Author Content Provider Share Posted March 10, 2017 That's some pretty serious money. I'm surprised he did a no show to the summons and ended up where he's at now. Maybe he didn't have an answer to the question "You were given $155,000 and you only produced a small handful of cabinets. What cost so much?" Link to comment Share on other sites More sharing options...
Content Provider Itchigo Posted March 10, 2017 Content Provider Share Posted March 10, 2017 So I guess vpf will be on fire sale soon?? It should be considered an "asset". Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted March 10, 2017 Author Content Provider Share Posted March 10, 2017 Yeah, VPF is pretty much an advertisement website for Virtuapin. It will be interesting to see how this unfolds. Link to comment Share on other sites More sharing options...
Content Provider freneticamnesic Posted March 11, 2017 Content Provider Share Posted March 11, 2017 I don't know - I can't say he blew the money unwisely, I don't know how he spent it. If he spent it only on the project for which he received the funds then he'll be OK, just show them your receipts, your bank account.... buuuut if you fucked up and bought a Mustang you're going to be out some money that you'll have to return, rather than the physical goods you acquired for the project. He could be in trouble by vouching for the guy, though, that shows collusion! Anyways, hope he has his checks and balances. Not showing up for the summons is a bad start. Don't get me started on the VirtuaPin-vpforums.org link - that's a problem waiting to happen. Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted March 11, 2017 Author Content Provider Share Posted March 11, 2017 No clue where it'll end up, but it is entertaining to watch. Link to comment Share on other sites More sharing options...
Content Provider Rascal Posted March 12, 2017 Content Provider Share Posted March 12, 2017 Dats a lotsa money! Link to comment Share on other sites More sharing options...
Administrators Wildman Posted March 12, 2017 Administrators Share Posted March 12, 2017 chump change...Thats 6 months vpf membership dues ........VPF will bail him out....wouldnt be the 1st time Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted March 13, 2017 Author Content Provider Share Posted March 13, 2017 I don't know if he makes that much money on memberships. I gotta imagine that well is drying up. Kevin kept no receipts for anything, kept no emails on anything, and didn't even file for a business license. He handed out no W2's for "employees" aka friends, and even bought the house he's currently living in right before he tried to declare bankruptcy. Naturally he put it in his wife's name and pulled himself off any documentation. You can view all this information on the pinside thread here: https://pinside.com/pinball/forum/topic/the-official-pinside-skit-b-predator-discussion Here are some of the allegations mentioning Virtuapin: https://pinside.com/pinball/forum/topic/the-official-pinside-skit-b-predator-discussion/page/252#post-3521164 Link to comment Share on other sites More sharing options...
ameet.vyas1 Posted March 14, 2017 Share Posted March 14, 2017 Damn that's rough!Sent from my SM-G935T using Tapatalk Link to comment Share on other sites More sharing options...
zebulon Posted March 25, 2017 Share Posted March 25, 2017 Ouch..... not only $155,000 but the cnc router and the large format printer. That sounds more like he was given them to accomplish the work by skit-B and so remain skit-B assets. That's gonna cause some issues with his operation. The $155,00.00 alone would bury me. I was approached by Popadiuk/Zidware way back when and it was only after analyzing some research into his bill paying habits that I avoided getting myself into a similar mess. I guess it's a case of there but for the grace of God go I. Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted April 9, 2017 Author Content Provider Share Posted April 9, 2017 It looks like Virtuapin is trying to get the default judgement thrown out. https://images.pinside.com/1/ef/9b/1ef9b54d1e7e68b700335764828ac07d31222f92.pdf The Trustee responded and ripped him a new one, which was amusing. #13 is interesting in that it is alleged that Virtuapin took multiple checks from Skit-B on the same day. IRS avoidance by depositing smaller amounts? https://images.pinside.com/c/fc/0f/cfc0fef61d04c74b5b5bda6c43c4c78f1fe4d340.pdf https://images.pinside.com/f/1c/02/f1c024479b8abae3f65d13191eeea708da2b6d3a.pdf Link to comment Share on other sites More sharing options...
zebulon Posted April 12, 2017 Share Posted April 12, 2017 Wasn't posted on vpforums do I guess none of this ever really happened. Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted April 12, 2017 Author Content Provider Share Posted April 12, 2017 Of course not. Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted May 5, 2017 Author Content Provider Share Posted May 5, 2017 Well, Paul managed to get the default judgement set aside with the "My lawyer doesn't follow the rules, so don't blame me" defense. The case is still alive, and he will now have to defend his actions in court, which will be entertaining. Here's the audio of the court hearing that happened today.. Link to comment Share on other sites More sharing options...
jukedock Posted May 21, 2017 Share Posted May 21, 2017 Interesting listen. I think this could go on for years with all the legalities. The lawyers will get richer - that is all we can be sure of. Link to comment Share on other sites More sharing options...
Content Provider DeeGor Posted June 22, 2017 Author Content Provider Share Posted June 22, 2017 It just keeps getting better and better. Virtuapin is now counter suing the attorney that is coming after him. In his countersuit he's claiming that the allegations made against him are hurting his business. His loss in business has nothing to do with him reassuring all the predator buyers that the license was legit, when it obviously wasn't. Here's the countersuit. It's a long one. https://images.pinside.com/2/4c/71/24c711be64b074d54aa049cee70c2342daf055f2.pdf Link to comment Share on other sites More sharing options...
Content Provider malenko Posted June 23, 2017 Content Provider Share Posted June 23, 2017 Yeah that pinside thread , when not derailed, is pure gold Link to comment Share on other sites More sharing options...
randr Posted June 28, 2017 Share Posted June 28, 2017 This is all bad! If Noah got paid for 250 cabs and made 5 he owes the money back for the other 245 how can he think he don't owe the people that money is beyond me! Or provide the 245 cabinets then. Really is a sad deal for people that prepaid. Link to comment Share on other sites More sharing options...
zebulon Posted June 29, 2017 Share Posted June 29, 2017 Ultimately he owes the estate either product, materials, or cash plus the cnc machine that was on loan to him (assuming what he says is true). If he had a contracted early termination clause he could withhold a penalty to help defray the costs incurred but he would still owe the balance less the completed product delivered. It's a tough position to be in since you never keep 100% of the money in the bank against a possible cancellation. I have customers that cancel on me all the time and it always ends up costing me when it happens. You end up in a position where you have transferred deposit money into inventory that becomes money from your own pocket after refunding the sale. Generally you had no intention of carrying that same inventory at that point and all you can do is wait for the future sale(s) that balances it all out and hope that it happens soon. It sucks when it's a couple of grand, 100 grand would bury me, even in installment payments plus interest. Either way he owes, it's just a matter of figuring out how to pay it IMO. Link to comment Share on other sites More sharing options...
zebulon Posted June 29, 2017 Share Posted June 29, 2017 my mistake, someone forwarded the default judgement and I didn't read the date on it. Link to comment Share on other sites More sharing options...
B2K24 Posted July 6, 2017 Share Posted July 6, 2017 Someone could create a custom DMD image or pic that displays 155.000 Link to comment Share on other sites More sharing options...
Content Provider Itchigo Posted November 24, 2017 Content Provider Share Posted November 24, 2017 What's the latest on this? Vpf is still better then Rogue. Link to comment Share on other sites More sharing options...
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