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Old 03-07-2008, 10:14 PM
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Join Date: Feb 2008
Posts: 14
Default A Cl*** Action Law Suit is needed

Paypal is running a scam by holding funds with lame exuses about verification etc. You don't have a problem if you leave funds in your paypal account, only when you try and remove them is when they get excited. I think they have used everyones money for investments in mortgage backed securities MBS's which are worthless. They are facing the same problem that major banks are facing with subprime write downs. They are trying to stall in giving you whats rightfully yours because they fear a run on their holdings if the public became aware and there wouldn't be enough to pay everyone. They are not a bank and have no FDIC insurance. I think a cl*** action law suit is in order before they declare bankruptcy. Do not let them hold your money get out as fast as you can. The sellers are their customers not buyers. When you treat your customers this way you are going down.

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Old 03-07-2008, 10:17 PM
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Join Date: Feb 2008
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I fully agree, at the moment my funds are being held for suspicious activity. I have already contacted Jacoby & Meyers lawfirm, to find out about existing cl*** suits. I have lost numerous customers, money etc... in the past few days. Lets join together people and stop them from holding "OUR" money. If anyone has any ideas...... ????

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Old 03-07-2008, 10:19 PM
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You are absolutely right. We will be waiting when this cl*** action Law suit will be. Paypal Sucks!!!

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