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back to article Reseller offered $$$ for old tech gear – then stiffed thousands with suddenly lower quotes

US trade watchdog the FTC has terminated second-hand electronics reseller Laptop & Desktop Repair in Sparks, Nevada – after the biz shafted people out of millions of dollars. The company, operating under such names as cashforiphones.com, cashforlaptops.com, ecyclebest.com, smartphonetraders.com and sell-your-cell.com, offered …

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  1. Camilla Smythe

    If an offer looks too good to be true

    Meh... I buy all my 2TB USB drives from e-bay for £0.50. I must have about 400TB of photos by now.

    Bargain!!

    0 0 Reply
  2. Your alien overlord - fear me

    Apple II worth a few bucks? If you can't see the over inflated prices they were offering, well....

    0 1 Reply

  3. This post has been deleted by its author

    1. Bruce_c
      Reply Icon

      Read slower

      "typically between 3 and 10 per cent of the original amount offered."

      So that is 90%-97% less.

      10 0 Reply
      1. Glenturret Single Malt
        Reply Icon

        Re: Read slower

        Better than saying that the offered price is "between 10 and 30 times smaller than..."

        1 0 Reply
  4. Anonymous Coward
    Anonymous Coward

    news?

    I thought ALL of those 'send us your phone in the post after we've given you a possible price' companies worked like this - certainly I've never heard any praise or good news about them all. this is even in the UK.

    6 0 Reply
  5. Anonymous South African Coward Bronze badge

    One of Simon's companies?

    2 0 Reply
    1. allthecoolshortnamesweretaken
      Reply Icon

      Nah, Simon wouldn't have been caught.

      2 0 Reply
  6. Robert Carnegie Silver badge

    An offer doesn't have to be "too good to be true" to be a scam. Even a fair offer that turns into not paying would work. On the other hand, if your target victim is gullible people, then maybe promising more does work better.

    0 0 Reply

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