DwightSchrute Posted August 26, 2008 Share Posted August 26, 2008 I thought it was interesting that 5 of the players below played for the Bills at the same time... PLAYERS SAY THEY WERE SCAMMED IN INVESTMENT Posted by Michael David Smith on August 26, 2008, 3:13 p.m. A group of former and current NFL players has filed a lawsuit against UBS, saying they were swindled out of money in an investment they made through the Swiss bank. The plaintiffs in the lawsuit, which was first reported at TMZ.com, include former NFL quarterbacks Drew Bledsoe, Kelly Holcomb, Rick Mirer, Craig Nall, and Alex Van Pelt, current Saints tight end Mark Campbell and current Eagles long snapper Jon Dorenbos. The lawsuit centers on an investment the players made in a company called Pay by Touch, which allowed consumers to buy products by putting their fingertips on a sensor and having the cost automatically deducted from their checking accounts. The company shut down without notifying its customers in March. (As a customer who regularly used Pay by Touch at my local grocery store, I’m still annoyed.) The players say UBS should be held accountable for the money they lost investing in the company because it concealed the criminal past of John Rogers, the founder of Pay by Touch. TMZ reports that Pay by Touch raised $130 million from investors and ended up making $700,000. Link to comment Share on other sites More sharing options...
Steely Dan Posted August 26, 2008 Share Posted August 26, 2008 I thought it was interesting that 5 of the players below played for the Bills at the same time... PLAYERS SAY THEY WERE SCAMMED IN INVESTMENT Posted by Michael David Smith on August 26, 2008, 3:13 p.m. A group of former and current NFL players has filed a lawsuit against UBS, saying they were swindled out of money in an investment they made through the Swiss bank. The plaintiffs in the lawsuit, which was first reported at TMZ.com, include former NFL quarterbacks Drew Bledsoe, Kelly Holcomb, Rick Mirer, Craig Nall, and Alex Van Pelt, current Saints tight end Mark Campbell and current Eagles long snapper Jon Dorenbos. The lawsuit centers on an investment the players made in a company called Pay by Touch, which allowed consumers to buy products by putting their fingertips on a sensor and having the cost automatically deducted from their checking accounts. The company shut down without notifying its customers in March. (As a customer who regularly used Pay by Touch at my local grocery store, I’m still annoyed.) The players say UBS should be held accountable for the money they lost investing in the company because it concealed the criminal past of John Rogers, the founder of Pay by Touch. TMZ reports that Pay by Touch raised $130 million from investors and ended up making $700,000. Just an enterprising guy who made money. Quit picking on him. Link to comment Share on other sites More sharing options...
WellDressed Posted August 26, 2008 Share Posted August 26, 2008 Winfield's rookie contract got hit really hard by an aggressive agent/investor. Link to comment Share on other sites More sharing options...
AlbanyBill Posted August 26, 2008 Share Posted August 26, 2008 (As a customer who regularly used Pay by Touch at my local grocery store, I’m still annoyed.) Are you serious? Link to comment Share on other sites More sharing options...
Dwight Drane Posted August 26, 2008 Share Posted August 26, 2008 According to The Sundowner, Eric Moulds has filed suit for the Pay by Touch fiasco as well. The only difference is that the finger needs to be read up to the 2nd knuckle and not just the print. Link to comment Share on other sites More sharing options...
KD in CA Posted August 26, 2008 Share Posted August 26, 2008 The players say UBS should be held accountable for the money they lost investing in the company because it concealed the criminal past of John Rogers, the founder of Pay by Touch. TMZ reports that Pay by Touch raised $130 million from investors and ended up making $700,000. Translations: These nitwits invested in something because it sounded cool and did zero due diligence of their own before putting their money into this speculative venture. Then when it went bust some scumbag lawyer told them they could sue because Rogers is a fellow scumbag who used to blow coke and beat his wife....as if that had something to do with the failure of Pay by Touch. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted August 26, 2008 Share Posted August 26, 2008 According to The Sundowner, Eric Moulds has filed suit for the Pay by Touch fiasco as well. The only difference is that the finger needs to be read up to the 2nd knuckle and not just the print. PTR Link to comment Share on other sites More sharing options...
CJPearl2 Posted August 26, 2008 Share Posted August 26, 2008 According to The Sundowner, Eric Moulds has filed suit for the Pay by Touch fiasco as well. The only difference is that the finger needs to be read up to the 2nd knuckle and not just the print. I wish people really knew how true this statement is. I was at the 'Downer for two separate bachelor parties back in the late 90s or early 2000s, and both times we saw EM. Link to comment Share on other sites More sharing options...
BEAST MODE BABY! Posted August 26, 2008 Share Posted August 26, 2008 Pay By Touch had 400million in venture capital funding....and it all went down the drain. Link to comment Share on other sites More sharing options...
DanInSouthBuffalo Posted August 26, 2008 Share Posted August 26, 2008 Great headline! http://www.tmz.com/2008/08/26/crappy-quart...ir-dollarsback/ Link to comment Share on other sites More sharing options...
jimmy griffin Posted August 26, 2008 Share Posted August 26, 2008 general u.s. grant was taken by a fiancial ponzie scam too. it happens. the SEC and other layers for plaintiffs do wonders to police these scum bags. Link to comment Share on other sites More sharing options...
robkmil Posted August 26, 2008 Share Posted August 26, 2008 I thought it was interesting that 5 of the players below played for the Bills at the same time... PLAYERS SAY THEY WERE SCAMMED IN INVESTMENT Posted by Michael David Smith on August 26, 2008, 3:13 p.m. A group of former and current NFL players has filed a lawsuit against UBS, saying they were swindled out of money in an investment they made through the Swiss bank. The plaintiffs in the lawsuit, which was first reported at TMZ.com, include former NFL quarterbacks Drew Bledsoe, Kelly Holcomb, Rick Mirer, Craig Nall, and Alex Van Pelt, current Saints tight end Mark Campbell and current Eagles long snapper Jon Dorenbos. The lawsuit centers on an investment the players made in a company called Pay by Touch, which allowed consumers to buy products by putting their fingertips on a sensor and having the cost automatically deducted from their checking accounts. The company shut down without notifying its customers in March. (As a customer who regularly used Pay by Touch at my local grocery store, I’m still annoyed.) The players say UBS should be held accountable for the money they lost investing in the company because it concealed the criminal past of John Rogers, the founder of Pay by Touch. TMZ reports that Pay by Touch raised $130 million from investors and ended up making $700,000. Actually 6 of these guys are former bills. Link to comment Share on other sites More sharing options...
reddogblitz Posted August 27, 2008 Share Posted August 27, 2008 This always blows my mind when I read about the stuff these guys invest in. With the kind of cash these guys haul in, they could put it in a savings account and live off the interest for the rest of their lives. Link to comment Share on other sites More sharing options...
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