SkyBill40 helper800 said: Is a chargeback not possible? It's China, dude. Come on now. And while it's unfair to say that all vendors in China are unscrupulous thieves, it is fair to say that stereotypes exist for a reason. Reply
BulkZerker Honestly I'm surprised anyone would humor a sub €50,000 contract when you have companies that are paying unlimited money to get raw materials as fast as possible (defense contracts for AI farms) Reply
thisisaname helper800 said: Is a chargeback not possible? I assume he did not put it on a credit card so no charge back. A case of buy cheap buy twice in this case thrice. Reply
edzieba helper800 said: Is a chargeback not possible? Alibaba != Aliexpress. Aliexpress is a middleman retailer, like Amazon (in its marketplace guise) or Ebay. You have some recourse if a vendor working through Aliexpress is running a scam. Alibaba (and Taobao) are B2B platforms, where company offer services to other companies – sometimes but not always with product listings (often a nominal product listing will exist to show up in filtered searches, but all actual sales will be negotiated directly). And since Alibaba/TaoBao merchants often also aren't the original source (i.e. you won't be dealing with a foundry or smelter directly unless you can meet massive MOQs), the actual scammer may be further back in the supply chain. The placement of genuine product on the top of the stack indicates that whoever is running the scam expects XRF or similar testing of product to occur, which means the scam is not discovered until the shipment works its way all the way to an end customer who actually breaks the pallet and starts machining the stock. Reply
S58_is_the_goat edzieba said: Alibaba != Aliexpress. Aliexpress is a middleman retailer, like Amazon (in its marketplace guise) or Ebay. You have some recourse if a vendor working through Aliexpress is running a scam. Alibaba (and Taobao) are B2B platforms, where company offer services to other companies – sometimes but not always with product listings (often a nominal product listing will exist to show up in filtered searches, but all actual sales will be negotiated directly). And since Alibaba/TaoBao merchants often also aren't the original source (i.e. you won't be dealing with a foundry or smelter directly unless you can meet massive MOQs), the actual scammer may be further back in the supply chain. The placement of genuine product on the top of the stack indicates that whoever is running the scam expects XRF or similar testing of product to occur, which means the scam is not discovered until the shipment works its way all the way to an end customer who actually breaks the pallet and starts machining the stock. You pay Alibaba though so some protection should be available. When I bought an exhaust the seller messaged me to say I got it so they can get payment. I'm guessing der8aur went around alibaba and paid them directly, they probably offered a better price. Reply
bit_user Props to Der8auer for going public about this scam. It seems to me that you can't reliably do direct sourcing from China, unless you have some trusted person on the ground. You need to have someone who can carefully inspect the stock in person, and arrange shipment themselves. Either that, or you deal with a trusted middle man, who has a business presence in both countries. Reply
Co BIY I'm surprised they bothered to ship anything at all. Goldbricking thieves. Is getting raw material at market price that hard in Europe ? I haven't heard of such difficulty here. Although a few years back the railroads in my area replaced all their copper control and communications wires with aluminum/steel wire just to avoid theft related outages. Reply
passivecool Everything you need is in your landfills . Unfortunately, Americans have, for decades been too _ , __, ___ , and/or _ _ _ _ _ ) to recycle. <Adjectives, adverbs and expletives removed to avoid admin censorship. Fill in the blanks.> @8auer: Duh. Noob. BTW You need to re-declare the goods with customs and pay the additional xxxl tariffs on steel. Reply
DS426 Alibaba has Trade Assurance which namely makes Alibaba an escrow payment holder until the buyer authorizes release of the funds, just as @S58_is_the_goat described. This means der either made the payment out-of-band from Alibaba or the scammers figured the outer coatings were thick enough to pass a quick test and run off with the payment before the buyer became all-the-wiser. If I spend $50K on something, I'm going to want that risk-free or as close as possible (high-assurance) because it's exactly times like this when fraud protection and other assurances don't exist, you're gonna get scammed. "Make the payment off-platform and we'll knock 3% off." … yeah right!! Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/pc-components/heatsinks/SPONSORED_LINK_URL
- https://www.tomshardware.com/pc-components/heatsinks/thermal-grizzly-scammed-out-of-usd46-000-by-alibaba-metals-suppliers-company-spread-the-risk-across-two-copper-and-aluminum-suppliers-only-for-both-to-send-cheaper-fake-materials#main
- https://www.tomshardware.com
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