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  • #821
  • Apr 9, 2008 10:35pm Apr 9, 2008 10:35pm
Hello Kermut,

Thank you for your post .I have too followed a friend's advice and registered for a month in ps and kicked out from the forum because I protested about the negativity.I haven't took a refund and I dont think I will get.

Concerning the evolvment of Kinn is not a matter of integrity.Is a matter of plain bussiness practice.I paied Jason's domain and paypal account not kinns.Kinn was booted two days after I joined ps.
He might took the money but Jason kept all clients mods,traders, future profits and FULL RESPOSIBILITY AGAINST CLIENTS. After he sunked the ship in order to relieve from the refunds pressure , he created with his friends new usernames in this thread and he tries to turn people after kinn for their money, when there is no chance at all from anyone to collect from kinn.

These smarties are registered also in kinns room and trying constantly to retrieve the matter and they bring negativity in the trade room.
This situation is highly counterproductive and extremely annoying.The rest is in your pm box.

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #822
  • Apr 9, 2008 10:43pm Apr 9, 2008 10:43pm
[quote=kermut;1944654]I was not going to post to this mess, but had to today after reading the last few pages. I spent a considerable amt of time


, and hence, anything they say now, will be and can be used against them in a court of law (does that sentence ring a bell).
that makes sense. He has offered and explained to many about his side of the story. So why dont you skype/email him if you want to know more ?

has pocketed an alledged 143K. That is is a lot of money in anyone's language. As a dentist, and one who has his own practice, beleive me, he would not be someone who would be short of cash.

integrity? well in my opinion is that Jason has pocketed far more cash then he has given to any of the mods or kinn. Kinn has NO access to any admin info and how much everyone paid. According to the amount kinn has mentioned he trades with i agree he would be not short of cash. But its the principle of the whole business. The owner of any business in the whole F*kin world is responsible for their actions. Kinn provided a service and moreover got robbed out of having potential further growth in a business. All coz of scammer Jason Deal. Everyone knows that by now. I have no intentions of getting my money back from an employee of a company. But from the owner.
HOW Is it that you dont understand this point? when you go to a supermarket and you want to get refund for a product, you are paid back by the owner and not the employee salary or commision or whatever.


Pls blazer, just follow LT's method, and I am sure you will be able to achieve great success with his guidance. Don't worry about these signal providers etc. You were doing reasonably well last time I looked at the forum.

I like him voicing his opinion. Everyone has the right

Ane btw, for ppl that keep saying about Kinn's journal, and also his big pips in Jan and Feb, I have this to say to you. Firstly, in Jan and Feb, you could have sold GJ at any retrace level, closed your eyes, and made profit. It was one of the easiest times to

If you could have done what you should have done then why in the first place were you in the room.

is a personal matter, ask yourself, HAS THIS GUY GOT ANY INTEGRITY, and if not, do I want to associate myself with someone who is dishonest?

I thought you already associated with kinn being in his new room for 2 weeks? are you contraindicating yourself? dishonest in what?" As far as i see Jason has made a runner with all the money and Kinn is there in his room for 5-7 hrs every frankfurt/london time and few hours of asia time. He is doing and providing all this in his free room. Im not saying the pips have been fantastic but wake UP and see the reality. Whos done the REAL fraud?
Kinn was asked by a member about whatr the next months subscription was going to be and he answered by saying that lets make pips first and then he'll think about it. Thats the start of integrity from him in my opinion. Lets see what really pans out.

PEace to all.

Peace to you



EDIT: I just noticed Hosea is also reading this thread. Pls Hosea, I have been watching your trades, and they are good, no doubt about that.

how long have you been watching them for? 2 weeks? lol lets see over time and then make a statement like you have. Patience and Pips to you.
  • #823
  • Apr 10, 2008 12:12am Apr 10, 2008 12:12am
I came across this article that shows what can happen to people when they push their luck....

http://www.sec.gov/news/press/2008/2008-39.htm


Jason should expect a knock on the door

Alex
  • #824
  • Apr 10, 2008 12:48am Apr 10, 2008 12:48am
Quoting AlexFX
I came across this article that shows what can happen to people when they push their luck....

http://www.sec.gov/news/press/2008/2008-39.htm


Jason should expect a knock on the door

Alex


Doesn't it sound so familiar?

Through false stories of their own trading success and bogus claims of a 96.5 percent success rate for TMTT students who purchased personal mentoring, courses and software, Woolf and Gengler convinced attendees that they, too, would make extraordinary profits in the stock market if they followed TMTT's trading strategies that emphasized options trading and short-term swing trading. In one infomercial, for example, Woolf told how she used to be an elementary school teacher and was able to replace her entire income after attending TMTT workshops. "I had no idea it was that easy to learn how to make money in the stock market," Woolf said. In another infomercial, Gengler claimed, "If you can simply follow steps and follow our principles, you'll make money. It's that simple."]Instead, the Commission alleges, Woolf and Gengler are unsuccessful traders, with Woolf having never declared a trading profit on her federal tax returns and Gengler typically declaring losses, or no profits. However, Woolf reaped approximately $4 million in commissions from selling TMTT packages, and Gengler made approximately $2.25 million, according to the Commission's complaintThe Commission's complaint against Woolf and Gengler seeks disgorgement of their ill-gotten gains, civil money penalties and permanent injunctions enjoining the defendants from violating the antifraud provisions of the federal securities laws
  • #825
  • Apr 10, 2008 3:42am Apr 10, 2008 3:42am
Kinn was asked by a member about whatr the next months subscription was going to be and he answered by saying that lets make pips first and then he'll think about it. Thats the start of integrity from him in my opinion. Lets see what really pans out.

Hatari,

This is a marketing ploy all salesmen do it. Ever had a salesman call at your house, they never want tell you the price until they have hooked you.

Its sounds a little familiar. I seem to remember exactly the same ploy in another room luring in subscribers recently.

Please don't be fooled.
  • #826
  • Apr 10, 2008 4:24am Apr 10, 2008 4:24am
Quoting Blazer
Hosea bootlicker go check his space profile. You might want to be his very close friend .He is colored,lol

Or you might want to go in Wall mart to find Lazytrader. You will find him in the shaft dpt,lol

NOW HAVE A NICE TRIP AND...

http://www.cartoonstock.com/newscart...s/rhan596l.jpg
4

Who's your dealer mate??
  • #827
  • Apr 10, 2008 4:43am Apr 10, 2008 4:43am
You are so right.That is exactly the point I was trying to convey inh the room when pips. and some other shifted the discussion. Thank you for making the point in very clear manner.
  • #828
  • Edited 5:03am Apr 10, 2008 4:53am | Edited 5:03am
Hatari,

This is a marketing ploy all salesmen do it. Ever had a salesman call at your house, they never want tell you the price until they have hooked you.

Its sounds a little familiar. I seem to remember exactly the same ploy in another room luring in subscribers recently.

Please don't be fooled.[/quote]

Are you a father to everyone in here? USe some intellect for once. Dont teach me on how to recognise salesman !
All i said was he has opened room for free and continuing his services for 5-7 hours/day and we wil see what pans out.
So please relax and go make some pips.
  • #829
  • Apr 10, 2008 6:43am Apr 10, 2008 6:43am
During the consecutive losses past a few days the above question asked by me. just make sure that Kinn was scamer like Jason or innocent and victim of Jason.

Kinn was asked by a member about whatr the next months subscription was going to be and he answered by saying that lets make pips first and then he'll think about it. Thats the start of integrity from him in my opinion. Lets see what really pans out


The answer was quite impressed me. Because at the moment Kinn only focus to make pips and he wants to prove himself.

Anyway I am going to military and I am away about 6 months. during that period I am off the trade and given myself a break. as a result of this story my account balance is down more then %50. I can not blame those losses the all pipsnipers while I had taken trades with wrong money management while taking high risk.

Hakuna migh be a profitable traders unless you have fully follow him with wright money management. but last two days I have taken all his loss trades and not taking profit trades. so result is obviously not good.

Bearing in mind we have price differences as well if you are not using ecn brokers. also those profits not including the trade commision.

my statement would be on who will follow Hakuna

  1. use ecn brokers
  2. follow every single trade
  3. be on dissipline
  4. good luck at all

all my best wishes to all forex factory members. you guys might think that I have very agresive comment and statement about Jason. I am upset because of behaviour and his silly business plan.

Note: Kinn might get paid by jason over 140K but I quess he deserved that money while he has encourged over 1500 pips during january and feb.

Regards

  • #830
  • Edited 11:44am Apr 10, 2008 11:33am | Edited 11:44am
I shall reply to your post below.


Quoting hatari

, and hence, anything they say now, will be and can be used against them in a court of law (does that sentence ring a bell).
that makes sense. He has offered and explained to many about his side of the story. So why dont you skype/email him if you want to know more ?

I did read a lot of the post by ppl who did contact him, never did I hear them mention the fact that he told them he got some money out of pipsnipers. Infact, until the rumours of him getting money came to the surface, I, like many others felt sorry for him that he got conned like the rest of us.


has pocketed an alledged 143K. That is is a lot of money in anyone's language. As a dentist, and one who has his own practice, beleive me, he would not be someone who would be short of cash.

integrity? well in my opinion is that Jason has pocketed far more cash then he has given to any of the mods or kinn. -agreed
Kinn has NO access to any admin info and how much everyone paid. According to the amount kinn has mentioned he trades with i agree he would be not short of cash. But its the principle of the whole business.-agreed. However, you would have to agree that when pipsnipers started, everyone including Kinn thought he was part owner of the business. So just because you get booted out by ur partner, and you get to take a substantial cash out of the business, how is it that the point that he was just an employee be made and justified? He was a partner of the business when the monies were paid, and as far as he was concerned, he was too.

The owner of any business in the whole F*kin world is responsible for their actions. -agreed. And the F*kin world knew that Kinn was part owner of the business. If he gets booted out, and professes that in his new room that the agreement was that he was part owner, or partner etc etc, then he should take responsibility as an ex-part-owner (if that is a word, http://www.forexfactory.com/images/icons/icon10.gif)

Kinn provided a service and moreover got robbed out of having potential further growth in a business. Disagreed. He provided a service to the subscribers for the money they paid him and jason. He did not provide it out of the goodness of his heart. If you agree with the fact that a lot of ppl joined PS because of his journal here, then they paid him to give signals. Whatever growth he lost in the business, he will make up now in his new room. If you argue the point that a lot of ppl won't subscribe to his new room because of all the bad publicity etc, then I would say these traders would have been the ones that would have left the PS room within 3 months any way after watching the trades.

All coz of scammer Jason Deal. -agreed

Everyone knows that by now. I have no intentions of getting my money back from an employee of a company. But from the owner. He was not an employee when the thing started, so as far as I am concerned he was an owner of the company, and now is an ex-partner. On the legal documents, if it only states Jason, then that is their own business arrangement. To the general public, what they stated when they started the room, is what counts. And they stated that they were partners on the PS venture. Hence, both are accountable, maybe not legally, but morally.


HOW Is it that you dont understand this point? when you go to a supermarket and you want to get refund for a product, you are paid back by the owner and not the employee salary or commision or whatever. agreed. But I know for a fact that this employee was at no stage a partner in the business.

Pls blazer, just follow LT's method, and I am sure you will be able to achieve great success with his guidance. Don't worry about these signal providers etc. You were doing reasonably well last time I looked at the forum.

I like him voicing his opinion. Everyone has the right -nothing against voicing concerns. Just that I know blazer from another forum, and was surprised at the way he was posting. He isn't really like the comments he is getting from other members (though some of them are justified given the nature of his posts)

Ane btw, for ppl that keep saying about Kinn's journal, and also his big pips in Jan and Feb, I have this to say to you. Firstly, in Jan and Feb, you could have sold GJ at any retrace level, closed your eyes, and made profit. It was one of the easiest times to

If you could have done what you should have done then why in the first place were you in the room. - I am in the room, because if I can make an extra 50 pips before my trades setup, I am done for the day. Why wouldn't you? So long as the one is comfortable with the trader's style of trading, I see no reason not to. I know for a fact that there was at trader in that room that trades his own 4H system, has about 5M under management, but still took the trades in the room in his own personal account, and made some decent money. Would you say to this person, why are you in this room if you are managing that kind of money??

is a personal matter, ask yourself, HAS THIS GUY GOT ANY INTEGRITY, and if not, do I want to associate myself with someone who is dishonest?

I thought you already associated with kinn being in his new room for 2 weeks? are you contraindicating yourself?-oh, it is so easy to judge people. I like logic, and lets take things logically. Kinn started his new room, well before Jason released the email about the money being sent to Kinn. So, when I went into Kinn's room, I did not know he had been transferred money from PS. I went there to further see what his style of trading was. If you remember, in the paid PS room, we only got to see for what, about 3-4 days of Kinn's trading? But once I heard his money management, I realised the style of trading was not for me, so I haven't been in that room since a few days after it was openend for the purposes of listening to his calls.

dishonest in what?" As far as i see Jason has made a runner with all the money and Kinn is there in his room for 5-7 hrs every frankfurt/london time and few hours of asia time. He is doing and providing all this in his free room. Im not saying the pips have been fantastic but wake UP and see the reality.

- as I said, his trading style is of a personal matter to each and individual trader. My issue is with him being paid the money from PS, him never admitting it or denying it. When he was paid, he was paid as a partner, not as an employee for services being rendered. Granted he is running a free room at present. Just as they did in Jan and Feb,then came the launch of their paid room.

Whos done the REAL fraud? - BOTH Jason and Kinn. Jason can't trade, and obviously has a history of scamming ppl, hence there is no point in him actually making any trade calls. Kinn, has seen what the potential of subscriptions is and how easy money it is.


Kinn was asked by a member about whatr the next months subscription was going to be and he answered by saying that lets make pips first and then he'll think about it. Thats the start of integrity from him in my opinion. Lets see what really pans out. - Well, it seems to be a pattern to me. Jan and Feb, free, no mention of a paid room initially when they started, but then they slowly introduced the idea. From his above statement, I wonder what they would have done in the PS room if the results were the same as what they have been in his new room?

PEace to all.

Peace to you



EDIT: I just noticed Hosea is also reading this thread. Pls Hosea, I have been watching your trades, and they are good, no doubt about that.

how long have you been watching them for? 2 weeks? lol lets see over time and then make a statement like you have. Patience and Pips to you.
Well, I base my comments on the 2 weeks that I have seen his calls. I have not taken any of them, I am not that naive to go in blindly into a new person's trading calls. But to call a trade in both directions on GBP/JPY and have 70 pip sl and tp, which is pretty good levels, and be right majority of the time in the time period I have been seen his calls, to me that requires some skill. Whether he learnt it from Auaslanco (who btw I hold in very high regard), or from the person next door, I really don't care. I am not here to defend him or argue his point. I only wrote what I did because after I had posted I saw him in the ppl reading this thread. Rest is upto him. As Kinn himself said in the PS room, "This is a business guys".

Regards,
K.


EDIT: This will probably be my last reply to this thread(except for my reply to blazer below), as I do not want to spend my time bickering and argueing about my opinion versus your opinion. I prefer to spend my time trading and making the pips,reading about forex, and then spending the time with my family.
  • #831
  • Apr 10, 2008 11:40am Apr 10, 2008 11:40am
Quoting Blazer
Hello Kermut,

Thank you for your post .I have too followed a friend's advice and registered for a month in ps and kicked out from the forum because I protested about the negativity.I haven't took a refund and I dont think I will get.

Concerning the evolvment of Kinn is not a matter of integrity.Is a matter of plain bussiness practice.I paied Jason's domain and paypal account not kinns.Kinn was booted two days after I joined ps.
He might took the money but Jason kept all clients mods,traders, future profits and FULL RESPOSIBILITY AGAINST CLIENTS. After he sunked the ship in order to relieve from the refunds pressure , he created with his friends new usernames in this thread and he tries to turn people after kinn for their money, when there is no chance at all from anyone to collect from kinn.

These smarties are registered also in kinns room and trying constantly to retrieve the matter and they bring negativity in the trade room.
This situation is highly counterproductive and extremely annoying.The rest is in your pm box.

Cheers

B

Blazer,

While I see your point about all this talk being counter productive in the room, and MAY distract the trader from making calls etc, but don't you think that the subscribers are owed an explaination for what was/is happening? they have all paid for something, and when that product gets changed, the subscriber surely has the right to ask for an explaination. The absence of any credible explaination, is what cause this mess to begin.

I think it should be the responsibility of the mods to maybe open another room, or set aside a set time and date to go through everyone's questions and concerns. But their method of dealing with this was to clear chat, ban ppl, leave the trading room etc. That is what probably got ppl frustrated and angry. And I can see that you were getting angry because you are paying for calls, and the trader is not there because he got "upset" or something and left etc. Can see it from both sides, but so should have the mods and dealt with it appropriately.

BTW, I do hope you will alter in the way you are replying to some of the members posting in this thread. They seem to be getting a very wrong impression of your nature.

Regards,
K.
  • #832
  • Apr 10, 2008 11:42am Apr 10, 2008 11:42am
I guess people will continue following these newbie traders until their accounts are completely drained out.
  • #833
  • Apr 10, 2008 12:05pm Apr 10, 2008 12:05pm
Hello Kermut,

I agree with your opinion about explanations that subscribers must have(among them me too).

The difference is that the only responsible in legal terms is Jason.

All the other harasment in our trading room is counter productive and highly annoying.

I fed of it in pipsnipers and that is why I was banned.

Whatever they want, out of the trade room with personal emails to the specific people.

Either wise they will not like my language at all.
I have been in syndk8 for many years and I have been trained in very bad language when someone step on my toe.

You have the liberty to do whatever you like untill you reach the borders of my personal rights .You interfere with my training and my learning and you are fished.

I always help new people and give whatever I know.

I have personal experience from traitors and ungratefull men so don't deal with my other self.

Keep away .The rot bites.

Cesare do you want an official introduction to my dealer ?lol

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #834
  • Apr 10, 2008 12:53pm Apr 10, 2008 12:53pm
I happen to have some expertise regarding the legal aspects of the case with Kinn and Jason and their partnership as I have been a practicing lawyer in the US for almost 20 years. First, a legal and enforceable partnership can be created without any legal documents establishing the partnership. All it takes are two people who hold themselves out to the public as partners and take actions based on their purported partnership. That is exactly what Jason and Kinn did. They held themselves out to the public as partners and solicited business and took money from us based on that partnership. In fact, Kinn has stated consistently that he considered himself to be an equal partner in the business. Jason never created any corporation or other legal entity despite his on and off claim that he was the sole owner of the business so the only business that ever existed legally was partnership between Kinn and Jason. Of course, at times, Jason has claimed that Kinn was a partner when he thought that would work to his benefit. Kinn was not an employee, he was a partner. Based on those facts, it is highly likely that a court would rule that a partnership did exist and Kinn and Jason were equal partners. Therefore, Kinn and Jason would share equal legal liability for any wrongful acts either of them engaged in. That is the key. As a partner, you are liable for the actions of your other partner even if you didn't approve of or assist in any wrongful actions. That's the risk you take in becoming a partner in a business venture. So when Blazer claims that Kinn has no legal liability for the money he took, he is absolutely wrong. The reality that helps protect both Kinn and Jason is the fact that it is extremely expensive, difficult, and time consuming to go to court in another state or country to sue someone, especially when your damages may be only the $325 monthly fee. However, since this case clearly involved fraud, you may be able to sue for and recover punitive damages on top of your actual monetary loss. I live 2,000 miles from Jason so it's not worth it for me to go to North Carolina and sue him. If I lived closer to him I would be suing his ass for principle if nothing else. I also have had an opportunity to speak with Jane about what happened at Pip Snipers. According to Jane, she was on Skype with Jason when he contacted his bank and tried to stop the transfer of the funds to Kinn. He was too late and the money and been received by Kinn's bank. So Jane confirmed that Kinn did receive the $143,000. Therefore, I consider Kinn to be legally and morally responsible for refunds to Pip Sniper members who did not receive the services promised by Pip Snipers. I would agree with the statement made above that Kinn has probably been advised by his lawyer to avoid making any statements about this matter since that is certainly what I would advise a client to do under such circumstances.
  • #835
  • Apr 10, 2008 1:48pm Apr 10, 2008 1:48pm
Quoting flyingdawg
I happen to have some expertise regarding the legal aspects of the case with Kinn and Jason and their partnership as I have been a practicing lawyer in the US for almost 20 years. First, a legal and enforceable partnership can be created without any legal documents establishing the partnership. All it takes are two people who hold themselves out to the public as partners and take actions based on their purported partnership. That is exactly what Jason and Kinn did. They held themselves out to the public as partners and solicited business and took money from us based on that partnership. In fact, Kinn has stated consistently that he considered himself to be an equal partner in the business. Jason never created any corporation or other legal entity despite his on and off claim that he was the sole owner of the business so the only business that ever existed legally was partnership between Kinn and Jason. Of course, at times, Jason has claimed that Kinn was a partner when he thought that would work to his benefit. Kinn was not an employee, he was a partner. Based on those facts, it is highly likely that a court would rule that a partnership did exist and Kinn and Jason were equal partners. Therefore, Kinn and Jason would share equal legal liability for any wrongful acts either of them engaged in. That is the key. As a partner, you are liable for the actions of your other partner even if you didn't approve of or assist in any wrongful actions. That's the risk you take in becoming a partner in a business venture. So when Blazer claims that Kinn has no legal liability for the money he took, he is absolutely wrong. The reality that helps protect both Kinn and Jason is the fact that it is extremely expensive, difficult, and time consuming to go to court in another state or country to sue someone, especially when your damages may be only the $325 monthly fee. However, since this case clearly involved fraud, you may be able to sue for and recover punitive damages on top of your actual monetary loss. I live 2,000 miles from Jason so it's not worth it for me to go to North Carolina and sue him. If I lived closer to him I would be suing his ass for principle if nothing else. I also have had an opportunity to speak with Jane about what happened at Pip Snipers. According to Jane, she was on Skype with Jason when he contacted his bank and tried to stop the transfer of the funds to Kinn. He was too late and the money and been received by Kinn's bank. So Jane confirmed that Kinn did receive the $143,000. Therefore, I consider Kinn to be legally and morally responsible for refunds to Pip Sniper members who did not receive the services promised by Pip Snipers. I would agree with the statement made above that Kinn has probably been advised by his lawyer to avoid making any statements about this matter since that is certainly what I would advise a client to do under such circumstances.
How about reporting our sweet duo to the authorities that went after the crooks in the article posted by AlexFX?
There is an quivalent agency in Australia (link posted in this thread) that would take care of Kinn. This would be a criminal matter taken on by the government agencies so there would be no need to pursue a civil case unless we wanted those punitive damages. Correct?
  • #836
  • Apr 10, 2008 4:35pm Apr 10, 2008 4:35pm
In my experience, a criminal conviction would like include an order to pay restitution to those wronged. However, it can be quite difficult to get paid in those circumstances as the prosecutors tend to lose interest in the case after the conviction is obtained. It can work but it can be difficult and frustrating. A civil case can result in the issuance of a judgment against the defendant that can be collected on over the course of many years through various methods. The length of time it is enforceable varies from state to state and I don't know what it is in North Carolina. After a judgment is obtained, you are responsible for trying to collect the amount of the judgment if the defendant doesn't voluntarily pay. You can garnish wages and bank accounts, place liens against homes, etc. Once again, it's not always easy to collect even after you have the judgment. In the case of Jason, it was extremely foolish of him to fail to incorporate his business. If he had done so, his personal assets would have been protected. However, in a partnership such as he established, his personal assets are at risk. I hope he sleeps well knowing that. Maybe someone can go after one of those fancy cars he likes to brag about. If you live anywhere near North Carolina, please sue him. He so deserves it.
  • #837
  • Apr 10, 2008 5:46pm Apr 10, 2008 5:46pm
last London i saw the least amount of people in the room. There was 84 and some where logged in twice...WOW from 480ish to 84...WOW!!!
Well if i have to pay 250 next month for Hosea then there will be one less in the room.
  • #838
  • Apr 10, 2008 6:29pm Apr 10, 2008 6:29pm
The state of NC doesn't play around, I guarantee that if someone in the state of NC was to take PS & Jason to court (using a decent attorney)....Jason will end up in the slammer. The state of NC is pretty dog on tough when it comes to white collar crime. I have lived there and still own property there. Perhaps Forsythe County (Winston Salem), is a little more liberal than the Lake (Mecklenburg/Irredell Counties)...I'm not sure.
  • #839
  • Apr 10, 2008 8:24pm Apr 10, 2008 8:24pm
Quoting afflock
last London i saw the least amount of people in the room. There was 84 and some where logged in twice...WOW from 480ish to 84...WOW!!!
Well if i have to pay 250 next month for Hosea then there will be one less in the room.
So I take it your not happy with his results?
******************************
  • #840
  • Apr 10, 2008 10:54pm Apr 10, 2008 10:54pm
Quoting flyingdawg
I happen to have some expertise regarding the legal aspects of the case with Kinn and Jason and their partnership as I have been a practicing lawyer in the US for almost 20 years. First, a legal and enforceable partnership can be created without any legal documents establishing the partnership. All it takes are two people who hold themselves out to the public as partners and take actions based on their purported partnership. That is exactly what Jason and Kinn did. They held themselves out to the public as partners and solicited business and took money from us based on that partnership. In fact, Kinn has stated consistently that he considered himself to be an equal partner in the business. Jason never created any corporation or other legal entity despite his on and off claim that he was the sole owner of the business so the only business that ever existed legally was partnership between Kinn and Jason. Of course, at times, Jason has claimed that Kinn was a partner when he thought that would work to his benefit. Kinn was not an employee, he was a partner. Based on those facts, it is highly likely that a court would rule that a partnership did exist and Kinn and Jason were equal partners. Therefore, Kinn and Jason would share equal legal liability for any wrongful acts either of them engaged in. That is the key. As a partner, you are liable for the actions of your other partner even if you didn't approve of or assist in any wrongful actions. That's the risk you take in becoming a partner in a business venture. So when Blazer claims that Kinn has no legal liability for the money he took, he is absolutely wrong. The reality that helps protect both Kinn and Jason is the fact that it is extremely expensive, difficult, and time consuming to go to court in another state or country to sue someone, especially when your damages may be only the $325 monthly fee. However, since this case clearly involved fraud, you may be able to sue for and recover punitive damages on top of your actual monetary loss. I live 2,000 miles from Jason so it's not worth it for me to go to North Carolina and sue him. If I lived closer to him I would be suing his ass for principle if nothing else. I also have had an opportunity to speak with Jane about what happened at Pip Snipers. According to Jane, she was on Skype with Jason when he contacted his bank and tried to stop the transfer of the funds to Kinn. He was too late and the money and been received by Kinn's bank. So Jane confirmed that Kinn did receive the $143,000. Therefore, I consider Kinn to be legally and morally responsible for refunds to Pip Sniper members who did not receive the services promised by Pip Snipers. I would agree with the statement made above that Kinn has probably been advised by his lawyer to avoid making any statements about this matter since that is certainly what I would advise a client to do under such circumstances.

you have a good point but i think kinn mentioned that all the administration paperwork and business accounts and website were in Jason Deal's name and hence he was the sole owner of PS. So according to my legal knowledge, Jason would be considered as the sole owner simply from these facts and everything being registered in his own hometown/state and under his name. Kinn was duped in this whole incident. Looks like he was made to believe that he had a part ownership in PS but actually didnt. After the shit actually hit Jasons fan he started pointing fingers around. If any case were to pursue, with all the evidence out there Jason would be held fully responsible.
Kinn can actually sue Jason for defamation and loss of further income from a business oppurtunity/model. Ever think of that?
who knows? This whole talk is making me bored now. Nothing fruitful is going to come out of us bitching about all this.
So any new rooms opening? lol
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