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- Jan 14, 2013
I do think everyone who used PayPal will be okay. PayPal is just taking it's time to honor their guantees because they are eating a fat L.
I'm sure those Senior Leaders at PayPal are pissed at Zadeh. A lot of people took loses but PayPal is almost sure to be left holding some of the bag too.
PayPal taking a major L on this for their audit processes on his account. Wouldn't be surprised to hear a lawsuit coming their way too....they are trying to try get out of claims. They sent claim denials to people if they ordered more than one pair claiming they're resellers. They have no basis to prove this, but anything they can do to save a buck when a lot of this is on their hands already for their lack of control and governance on how they allowed his account to operate. PayPal is gonna eat it for this. And there is a documentary in the works