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<p>[QUOTE=&quot;Burton Strauss III, post: 2519050, member: 59677&quot;]The story was that he got behind - signed up for a PayPal line of credit to expand the business, not realizing the fees were based on sales.</p><p><br /></p><p>Reportedly, he was using current sales income to pay off previous consigners (which is basically the definition of Ponzi). When this was exposed the flow of consignments ceased and that basically left a number of people unpaid.</p><p><br /></p><p>Whether he&#039;ll eventually work it out and make good, or file bankruptcy is unclear - he&#039;s never posted or responded directly or in any of the threads (which is probably based on good advice from a lawyer).[/QUOTE]</p><p><br /></p>

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