posted on May 17, 2001 08:20:36 AM new
CyberRebate.com has the annoying banner ads on AW. They offer FREE items at 10 times the price and then 3 months later refund all the money.
So you pay $160 for a DVD charge it to your CC and 100-180 days later they refund all the money.
Well good news they declared bankruptcy
as reported on www.F---edCompany.com today.
Their bs is, you buy something at 10x the price, and then they give you all your money back later after you fill out the paperwork. So basically you get it for free. They "filed for bankruptcy," according to their site. I knew $800 Game Boys were too good to be true.
When: 5/16/2001
Company: CyberRebate.com
Severity: 100 - new hall of fame inductee!
Their website states
Wednesday, May 16, 2001; 11:00am EDT
CyberRebate.com, Inc., an on-line retailer headquartered in Long Island, NY, filed for bankruptcy protection under Chapter 11 in the Eastern District of New York at 10 a.m. today.
As of the filing time, CyberRebate.com suspended operations on its Web site.
Questions regarding customers, vendors and others affected by today's action will be resolved as the bankruptcy process proceeds.
Sadly, most employees were released this morning. A small staff will remain to take the company through bankruptcy.
More information will be available once the bankruptcy process gets underway.
Customers will be contacted regarding their rights and remedies.
