Inside the Collapse of Artesian Builds: From $20,000,000 to Bankrupt

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Gamers Nexus

Gamers Nexus

Күн бұрын

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@GamersNexus
@GamersNexus 2 жыл бұрын
(Error correction: It's a triceratops skull, not a tyrannosaurus skull) (2024): Watch our coverage of EK's implosion as it fails to pay employees and suppliers - kzbin.info/www/bejne/mGiWqXpnfdF5nrs We sponsored this and took a lot of risk to cover this story. Grab one of our items below to support! Get a GN Tear-Down Toolkit: store.gamersnexus.net/products/gamersnexus-tear-down-toolkit Get a GN Modmat for PC building! store.gamersnexus.net/products/modmat-volt-large Or a GN Blue & Black Mouse Mat: store.gamersnexus.net/products/gn-wireframe-mouse-mat Watch our first part of this story here: kzbin.info/www/bejne/mmqxq4xuial2d7s Regarding RMA items - to answer a common question for "how can they keep it?" The problem is that, if you don't have a record or good inventory of which item is whose, then it all is at risk of just becoming inventory. The creditor would have to figure it out, probably. It's a warehouse full of computers, so if you don't have good documentation on RMAs, then those items will just look like more computers that the company owns. There's nothing that looks different about them than a desktop for an employee or a sold customer system, in the same way that if you bought an item and it never shipped, you're not going to get a refund when they go under if other creditors get that money first. The system has to be there in order for it to be given back. You'd have to have the customer contact you prior to the auction and then you'd also have to see it and care in order to filter the items out, or you'd need a good inventory and RMA system -- which at least one of the two warehouses did not have.
@unowenwasholo
@unowenwasholo 2 жыл бұрын
Not afraid to own up to mistakes. This is the kind of integrity we-nay-the world needs. This alone deserves my money. Bought a couple of shirts. Cheers!
@truckerallikatuk
@truckerallikatuk 2 жыл бұрын
Artesian "Legal ": Leo's Ego Going Against Laws.
@lilblackduc7312
@lilblackduc7312 2 жыл бұрын
Mark Dice covered a "Donald Trump's Son" hunted & killed a triceratops in Africa...(Amazon Women on the Moon = "Bullshit, or Not"???) 😁 😂 🤣
@RoarkLaughed
@RoarkLaughed 2 жыл бұрын
Lmao... That was the first Comment my 8yo Son made "that's a triceratops, not a Tyrannosaurus Rex" 😂. This is some great journalism, thank you.
@never0101
@never0101 2 жыл бұрын
My 5 year old would be incredibly disappointed with such a blatant dinosaur misidentifcation.
@terratenientesalgo2511
@terratenientesalgo2511 2 жыл бұрын
When Steve goes from testing pc's to testing entire pc companies, what an intense power up.
@BetterBenTV
@BetterBenTV 2 жыл бұрын
"This is not even my final form" vibes right here.
@michaelbullock91
@michaelbullock91 2 жыл бұрын
@@BetterBenTV Kingpin is wondering when he's gonna be surpassed by Tech Jesus.
@AC3handle
@AC3handle 2 жыл бұрын
Makes me wonder if he should test Texas power grid.
@whitepawrolls
@whitepawrolls 2 жыл бұрын
@@AC3handle It would fail badly :P
@Nick-rs5if
@Nick-rs5if 2 жыл бұрын
That what you'd call "a powermove"? 😂
@theftking
@theftking 2 жыл бұрын
You know you've sniffed out a good story when people start threatening to sue you over reporting facts! Incredible job.
@rudi_ghuliani
@rudi_ghuliani 2 жыл бұрын
You know you've really screwed up when you have to change your name. GJ GN
@plebisMaximus
@plebisMaximus 2 жыл бұрын
What journalism was always supposed to be.
@BattleOverride856
@BattleOverride856 2 жыл бұрын
Yep. Way over the target
@vlastimil-furst
@vlastimil-furst 2 жыл бұрын
When people who have just bankrupted their company and caused damage to many people have money for lawyers, then you know they deserve all that bad rep, and that the story should go public and hopefully even viral. Also, as for US laws, they seem kinda stupid if they can allow such a jerk to screw everyone over and then get most of money from the auction to his parents. Even if they really invested 1.2M dollars into his company, they were a part of the problem themselves. But in the end it is the customer who lacks any protection, and the investors get their money back. Laws like that are what makes people angry at the wealthy.
@user-pl5ni6zc5z
@user-pl5ni6zc5z 2 жыл бұрын
Wait until they start calling you a nazi. That's when you really know you're on the right path.
@RedHeadForester
@RedHeadForester 2 жыл бұрын
GN now occupies a special and very important place in the tech video world. You guys are getting insanely in depth and professional about what you do, and it's fantastic.
@AarPlays
@AarPlays 2 жыл бұрын
When you've done something so well that even LTT decides they don't want to attempt what you're doing, you know you have complete control of a niche content set.
@theSafetyCar
@theSafetyCar 2 жыл бұрын
It has become investigative journalism.
@jstriker90
@jstriker90 2 жыл бұрын
I'm here for it
@PEZ1514
@PEZ1514 2 жыл бұрын
Its the High IQ PC tech channel
@Voodoo_One
@Voodoo_One 2 жыл бұрын
@@AarPlays People still watch LTT? I tried 1-2 yesrs ago after a long break, but the content is so driven by sponsors, merch and mostly shallow content I couldnt anymore. Also due to the sponsorships and stuff I always had this huge skepticism towards the accuracy of some of the tests and content.
@TheLinkandmarioshow
@TheLinkandmarioshow Жыл бұрын
People losing their personal property to auction because a shitty company went under is depressing.
@talonstride
@talonstride Жыл бұрын
"That's like selling the owner's personal information to scammers and hackers. Disgusting and deadly!"
@Th3Professor
@Th3Professor Жыл бұрын
And it all got into accelleration because some st0opid broad whined about a re-roll and got 30k followers on twitter and has fewer daily viewers than before the whole event.
@IOverlord
@IOverlord Жыл бұрын
Relevant more than ever with Linus lmao I mean they didn't qent under but the auctioning part yeah
@Norinia
@Norinia Жыл бұрын
@@talonstrideI didn’t even think of that. That’s terrifying, I’m definitely glad I went TotalTech instead of a private builder company. (Not that it’s perfect. Annoying being locked into buying through Best Buy. But at least my computer’s back to me at the end of the day.)
@ponponpatapon9670
@ponponpatapon9670 11 ай бұрын
@@IOverlord Linus Cheque Tips
@bige2986
@bige2986 2 жыл бұрын
Could you imagine if your mechanic went bankrupt and they sold off your car just because it was on the mechanic's lot at the time of filing?
@SyntheticFuture
@SyntheticFuture 2 жыл бұрын
You'd think that with all the files being on those pcs it should be easy enough for the owner to identify him/her self. Always wondered about that.
@James-wd9ib
@James-wd9ib 2 жыл бұрын
How can something taken in for an RMA be auctioned off when it's no longer a part of the company's assets?? Sold inventory, even if it's sitting around the warehouse, is no longer owned by the seller! The RMA is a remediation procedure implying that the seller did not fulfill some part of their TOS and is indebted to the buyer. Here's something worse: The only way they can get away with this is if they deliberately marked each and every RMA as "FOR FULL REFUND" on their books before declaring bankruptcy!
@SyntheticFuture
@SyntheticFuture 2 жыл бұрын
@@James-wd9ib atleast in the Netherlands this is how it works. Same goes for down payments on cars for instance. If your car isn't registered to your name (because it hasn't been delivered yet or registration hasn't been done yet) it's considered an asset of the company and your money (or car) is up for auction. It's the dumbest system ever.
@mixdupjoe
@mixdupjoe 2 жыл бұрын
That is not how it is supposed to work. The computers in there for repair still belong to their actual owners. If they get sold off, that's wrong. Unfortunately those PC owners probably have no real way of getting in front of the bankruptcy judge to stop it and they'll get swept up unfairly Folks who ordered new PCs that were never delivered--yeah, they're screwed and their money would get returned through bankruptcy. But the repair machines, under the law, should be just returned to them
@peppermintpig974
@peppermintpig974 2 жыл бұрын
@@mixdupjoe The legal system is so complex you typically can't even begin to figure out who to talk to in order to get in the correct venue and then file a motion. If you opt for a lawyer, you quickly surpass the value of your claim.
@gimmickmusic8827
@gimmickmusic8827 2 жыл бұрын
I think that Artesian Builds aside, this also raises huge concerns about eBay and PayPal and how easily they can be abused by someone like Noah did.
@robsp32
@robsp32 2 жыл бұрын
ebay and paypal are horrible companies. I think everyone at some point has experienced first hand how bad paypal truly is when it comes to siding with scammers. They have virtually ZERO customer service. I have been trying to get my paypal account closed for years and I cannot get any of their customer service reps to close it because there is no way to contact them by phone.
@MsEdoxX
@MsEdoxX 2 жыл бұрын
Yeah whenever I had a problem with a customer that paid via Paypal or bought off me on ebay, the customer always won. Even though you give all the info and documents to paypal/ebay, you lose as a seller. Even just a partial refund means that you dont make any money. And most cases they just do 100% refund. And now you dont have the item, dont have the money, but have expences, work, etc. Its crazy.
@mr_biscuit
@mr_biscuit 2 жыл бұрын
PayPal customer protection has always been useless for me, I've had to file a chargeback with my credit card any time I've ever had to use it as they are literally useless
@PoisonedAl
@PoisonedAl 2 жыл бұрын
One of the reasons I avoid Paypal whenever possible. Or anything with the fetid stench of Elon Musk about it.
@hammerheadcorvette4
@hammerheadcorvette4 2 жыл бұрын
@@PoisonedAl Elon hasn't owned PayPal for years though... Not defending PayPal, just to note.
@megsmashables
@megsmashables 2 жыл бұрын
I'm one of the contractors that had to deal with the PayPal dispute. I lost my case to Artesian too but I KEPT CALLING PayPal and spoke to supervisor after supervisor until I got someone who was willing to go to bat for me and gave me my money back. It was over 8 hours of phone time, but I got it back in the end. It blows my mind that PayPal had that many "unauthorized charges" come from one account over a 6 month window all at once and still went in his favor. You would think that would be a huge red flag. What a terrible situation. (I'm also the creator of that poor stuffed animal in the video with him, sitting innocently while this all went down 🥺)
@goawaybaizuo
@goawaybaizuo 2 жыл бұрын
Isn't it amazing how you are lied to over and over again by "supervisors" at PayPal and then magically one person does what all the others said wasn't possible.... Maybe PayPal should stop outsourcing to 3rd Party companies, whose contracts cost them the lowest amount possible and actually hire competent service staff.
@phoenix7289
@phoenix7289 2 жыл бұрын
Happy you got your money back and sorry you had to spend so much time! This guy is disgusting!
@supertrix6628
@supertrix6628 2 жыл бұрын
idiots use paypay its a scam system, ive never lost a dime due to never use paypal. its like yea ebay / paypall are the same company both are rotten to the core. they scam billions yearly off poeple.
@BackwardsPancake
@BackwardsPancake 2 жыл бұрын
@@goawaybaizuo As someone who's actually worked phone support for a financial company, I don't think this is a competence issue. Based on what I've seen, I can basically guarantee you that the service staff - outsourced or not - are doing exactly what PayPal has told them to do. Most support conversations regarding finance are an uncomfortable legal minefield for the company where liability arises from even the lightest commitment, so the support people are taught to stick to their scripts, not to share information unless it's absolutely relevant or legally required, and to never _ever_ promise anything they can't 110% guarantee. In the end, everything is technically possible - But certain problems are inefficient or costly for the company, so as long as they don't legally _have to_ address them, they will tell the support people to tell you that it's impossible. So, to get it sorted, you need someone at the company who's willing to go above and beyond what the company has taught and expected them to do, for no additional reward. They need to tiptoe around internal policies at the company, talk to a bunch of people outside their line of command (which, depending on the company, may be hard, frowned upon, or both) and basically be an annoyance to their colleagues and make their own lives harder. That's a pretty big ask for some poor schmuck making minimum wage at an already emotionally draining job, and most people who are willing to invest this amount of care at a job like this tend to chafe against corporate culture and get burned out extremely quickly.
@megsmashables
@megsmashables 2 жыл бұрын
@@BackwardsPancake Thats exactly what happened. Without trying to assume, it seemed pretty evident that almost all the people I worked with were not outsourced but just either unwilling or taught the script. The supervisor I finally reached has been there for 8 years and heard my story and saw my evidence and took it upon herself to make things right. It wasn't PayPal that finally came through, it was her. I sure hope she doesn't get burned out or reprimanded from the whole thing :(
@jeremydale4548
@jeremydale4548 Жыл бұрын
Came back here again. Wanna know what I want to see? A lawmaker's PC being auctioned off when it's not a bankrupt company's property. See how fast that particular law changes after that.
@gamershadow1
@gamershadow1 2 жыл бұрын
I’m so glad my Patreon funds are going to good use. I wish I could give more because you all deserve it. Thank you for helping to protect the community!
@GamersNexus
@GamersNexus 2 жыл бұрын
Thank you for your support! We have a small team doing all of this, so we all the help we can get goes to good use!
@LordLiquidBaconII
@LordLiquidBaconII 2 жыл бұрын
Same here. This is why I give money to GN (and also good testing as well).
@x-ray3431
@x-ray3431 2 жыл бұрын
Cancel your Netflix account and give more lazy boy.
@a.nelprober4971
@a.nelprober4971 2 жыл бұрын
@@x-ray3431 no gotta keep feeding the propaganda machine brother
@plastifiedmetal5682
@plastifiedmetal5682 2 жыл бұрын
​@@GamersNexus This gave me Project Veritas vibes, lol. Such a great work on this story.
@Gruffdonut
@Gruffdonut 2 жыл бұрын
This video ranks as the best video Gamers Nexus has made thus far. The quality of the video and the great way Steve narrates the story is top-notch. Weaving all the facts together and laying out a cohesive story that doesn't get bogged down into all the details is excellent work. Andrew definitely deserves props for the excellent video editing and production. Also, I love the killer shirt design. I've already ordered one for me!
@kent1146
@kent1146 2 жыл бұрын
This is legit investigative journalism. Very nicely done piece, GN crew. Excellent work here.
@JamesTK
@JamesTK 2 жыл бұрын
KZbin on iOS is broken. Can't do picture in picture and it claims this is music content lol. Seems to be doing it on an videos
@Wolf480pl
@Wolf480pl 2 жыл бұрын
I think they could do better wrt. the narration. There's a lot of words but not much concrete information, and the whole story doesn't clearly present any cause-and-effect relationships. I understand that this may be difficult to do for GN because they don't have access to all the information to be able to reconstruct the whole timeline and pinpoint exactly when the company started going under and why, and hypothesizing what could've happened could be dangerous from a legal PoV (I guess, IANAL), but after watching the video I still don't feel like I understand what happened there. Anyway, I'm glad GN is doing those kinda investigations, which I think are much needed in the industry. Thanks GN and keep going!
@user-pl5ni6zc5z
@user-pl5ni6zc5z 2 жыл бұрын
I've been loving watching all my youtubers become the professionals. We are "the news" now.
@anon7843
@anon7843 2 жыл бұрын
Lmao. This is a bootleg 60 minutes.
@mechanought3495
@mechanought3495 2 жыл бұрын
The fact that Steve finishes his ominous sentence, only to be punctuated by actual thunder, proves to me that he is truly Tech-Jesus.
@dragnl0rd
@dragnl0rd 2 жыл бұрын
Also possibly Tech-Thor?
@salmiakki5638
@salmiakki5638 2 жыл бұрын
He is beginning to Believe
@BBWahoo
@BBWahoo 2 жыл бұрын
This only means Judgement day is coming for Noah Katz
@AwesomeBlackDude
@AwesomeBlackDude 2 жыл бұрын
Well that's one good way of throwing it out there. 😅
@CaribbeanPirate
@CaribbeanPirate 2 жыл бұрын
Tech- Jesus got tech-God powering on to deliver judgement.
@consumerelitist6508
@consumerelitist6508 2 жыл бұрын
Those fan wires secured in proximity to the back of the CPU has got to be the single most astonishing evidence on how someone like this could have come this far being this careless and unaware of his surroundings. His employees must have enjoyed his mentorship greatly...
@cypher50
@cypher50 2 жыл бұрын
The channel is taking big strides towards being a standard bearer for tech journalism. Still early days so editing and gloss will improve but I think Gamers Nexus is now becoming indispensable to the consumer PC market. Thank you...
@fonzmeal6165
@fonzmeal6165 2 жыл бұрын
totally agree, its mind blowing to me how much effort and hard work they put into this, but they also have dump truck worths of talent and good ideas too
@ABQSentinel
@ABQSentinel 2 жыл бұрын
I'd say they have already surpassed the standards of what has passed for tech journalism for a very long time.
@a.nelprober4971
@a.nelprober4971 2 жыл бұрын
No it won't it's too technical
@buckrodgers1162
@buckrodgers1162 2 жыл бұрын
Yeah, I was thinking throughout the entire vid: "Wow, this is some SidAlpha level of investigative reporting."
@PhazerTech
@PhazerTech 2 жыл бұрын
Kudos to Steve and the crew for their hard work. It's greatly appreciated.
@NeverlandSystemZor
@NeverlandSystemZor 2 жыл бұрын
The fact that he'd consider suing you when HE on live stream flat out screwed the winner of a raffle is laughable. Side note, I think it's STUPID that personal property of customers lose their property as if the company owned it.
@EliteAvenger21
@EliteAvenger21 2 жыл бұрын
Yeah I dont get how that Legally works, Artesian no longer owns it, they we're doing work on it, but it wasn't their property to retain. Edit: Spelling
@user-op8fg3ny3j
@user-op8fg3ny3j 2 жыл бұрын
@@EliteAvenger21 adminstor should return it
@justinl8791
@justinl8791 2 жыл бұрын
The Law is supposed to fucking help the victims. This just proves that it doesn't, actually.
@astral_haze
@astral_haze 2 жыл бұрын
@@justinl8791 no, the law is supposed to protect rich people over anyone else, at least that's the way it is right now. they may present some little narrative about cops protecting the public but that's entirely optional for them, and plenty of times they do the exact opposite. their only job is protecting themselves/the government, and protecting their masters, rich people
@TROBassGuitar
@TROBassGuitar 2 жыл бұрын
@@justinl8791lol you're not from America are you? The systems not set up for workers or the people
@Mistio.
@Mistio. 2 жыл бұрын
PayPal shows how they handle situations and proves yet again why they need a reality check. I found myself needing their support after a deal gone sour and after pushing me side to side like a rollercoaster they just closed the case and told me to live with it. Thanks for pointing out how they ignore evidence and crap on the honest ones.
@lsdzheeusi
@lsdzheeusi 2 жыл бұрын
There are only two groups of PayPal customers: those who have learned the hard way and refuse to use them ever again, and dangerously naive PayPal users who will inevitably find out the hard way.
@batsonelectronics
@batsonelectronics 2 жыл бұрын
@@lsdzheeusi I belong to the got screwed group.
@runescapefan0001
@runescapefan0001 2 жыл бұрын
Does PayPal have any power to recover negative funds? Like if you got scammed and had -$4000 do you have to pay it or can you just sit at -$4000 forever
@SESNut
@SESNut 2 жыл бұрын
@@runescapefan0001 nope
@DedmenMiller
@DedmenMiller 2 жыл бұрын
The last negative interaction with PayPal was from a friend of mine. Someone booked off money without authorization, for something he never bought. PayPal support required him to show them the invoice, which he didn't have because he never bought anything in the first place. He couldn't and they closed the ticket
@J0L0G
@J0L0G Жыл бұрын
The irony here is that if they weren't so scummy, and had just pulled through; they'd probably be flush with GPUs. Just in time for Christmas...
@cat-.-
@cat-.- Жыл бұрын
Poetic justice, but then again too bad for the employees
@timopint1125
@timopint1125 Жыл бұрын
they were done long before..
@BladePaladin
@BladePaladin 2 жыл бұрын
After seeing that the East Coast team seemed to be more in-tune with the work and passionate about it rather than chasing e-fame, I'm really happy to see they've stuck together and set out on their own. I genuinely hope they find great success.
@lyianx
@lyianx 2 жыл бұрын
Yeah, sounds like the East branch really got fucked over by the west's incompetence. It sadly happens alot, where smart, hardworking employees get fucked over by greedy, stupid bosses.
@andrewt.5567
@andrewt.5567 2 жыл бұрын
That is the crazy part. Any idiot level CEO should have been like "east coast folks, what are you doing? because we need to copy/paste it over here". They should have mimicked the east coast for 95% of the builds and turned more out. They still could have done public builds for the streamers and such. No reason at all to not follow the successful branch's lead.
@benwu7980
@benwu7980 2 жыл бұрын
I think there was something too about the good COO during their rise being on East, but had left around December.
@alanhaigh9682
@alanhaigh9682 2 жыл бұрын
Well said, I hope they have the success they deserve
@brandenbrooks8560
@brandenbrooks8560 2 жыл бұрын
@@andrewt.5567 Hell, if the CEO just stopped the West coast and let East coast carry the company, he could have had a very steady check while basically doing nothing.
@benjaminoechsli1941
@benjaminoechsli1941 2 жыл бұрын
Seeing the East Coast branch spin off into their own company, after hearing of their consistent quality and work ethic, I'll definitely give PhynixPC a look if I ever buy a pre-built, and certainly point friends in their direction. _Thanks, Steve!_
@mrc4nl
@mrc4nl 2 жыл бұрын
i think its a fitting name, because the phoenix did rise from the ashes.
@benjaminoechsli1941
@benjaminoechsli1941 2 жыл бұрын
@@mrc4nl their KZbin channel's first video is titled "From the Ashes..." So they clearly know what they're doing. lol
@PhynixPCs
@PhynixPCs 2 жыл бұрын
We appreciate the words, we would love to build for you and your friends in the future. ❤️‍🔥
@LV_223
@LV_223 2 жыл бұрын
Same goes for me. Considering the products they were able to push out in such a dysfunctional company, I’d say it is a safe assumption that they will be able to produce top-notch builds if they get this new venture right. I will be checking them out myself.
@d1vin1ty
@d1vin1ty 2 жыл бұрын
Which is especially awesome because you know going into the purchase there's less than a 1% chance of receiving a defective product (assuming all remains equal)!
@CreativityNull
@CreativityNull 2 жыл бұрын
I saw the picture of Noah's cable management and focus on the mess on the right and initially thought, "workable, hell I might do something like this for my build because I'm lazy, but it's not something I would give to a customer, especially a public facing customer, and why is the fan hub not connected to anything?" Then I looked at the left and thought, "nevermind, not workable at all! Why the hell are there cables in front of fans?! That's just asking for trouble! He gave this to somebody?! He was PROUD of this!?" Considering his parents had millions of dollars in this, I get the feeling that Noah is a spoiled rich kid who just had everything handed to him and never had to earn anything.
@Mathignihilcehk
@Mathignihilcehk 2 жыл бұрын
Comparing the product on the left/right, what surprised me is that it seemed like the east coast COULD produce a high-quality product. If you first told me that the west coast produced streamer-builds and the east coast produced mass-production level hardware, I'd expect the west coast to spend too much time and labor making exceptional products while the east coast took shortcuts and produced sloppier products. Not the reverse. I get that the west coast was poorly managed. But I just can't fathom management that doesn't have at least an excuse. If I'm gathering info from OP correctly, the west coast had more staff, fewer product, lower quality product... what did the CEO think his facility was doing outside of media coverage? And if he did think that all the west coast did was media coverage, why so much staff? I mean, he couldn't have possibly seen any other outcome than the one he got, because everything is just so predictable.
@matasa7463
@matasa7463 2 жыл бұрын
The disrespect he shown to Kiapiaa and all the other struggling content creators just screams privilege - he judges the toiling workers from high above in his ivory tower, and demands more from them. He told them to eat cake for he would not give them bread, so now his head is heading for a chopping block.
@billygowhoop
@billygowhoop 2 жыл бұрын
Jesus, 10% of the builds got RMA'd?! I can't imagine how nerve-wracking it would be buying a computer with a 10% chance of having to send it back.
@goldenhate6649
@goldenhate6649 Жыл бұрын
I find this whole shenanigan as another reason to only EVER use a credit or bank card. Both of whom fight FOR you not AGAINST you like paypal does. (lets not even mention paypals new wrongthink clause for fining its customers 2500 dollars.)
@meekrab9027
@meekrab9027 Жыл бұрын
Nobody knew they were getting a 10% chance of RMA because the other shop had as good of an RMA rate as you can realistically get.
@jaysdood
@jaysdood Жыл бұрын
@@goldenhate6649 Yep, PayPal is what you would get if you could compile Justine Trudeau into code.
@Aashishkebab
@Aashishkebab Жыл бұрын
​@@jaysdoodr/rareinsults
@felipewerner6670
@felipewerner6670 Жыл бұрын
@@jaysdood 🤣nice one
@nbrowser
@nbrowser 2 жыл бұрын
That last line in the opening text..."We will always advocate for consumers" yep...GN has a record for this and this is why I like this channel like I do.
@molecularmagexdshorts3706
@molecularmagexdshorts3706 2 жыл бұрын
This outcome makes it so much more absurd that they didn't give the smaller streamer the pc they rightfully won.
@Joeumadd
@Joeumadd 2 жыл бұрын
They tried to after everyone blew up but the streamer rightfully refused them
@lyianx
@lyianx 2 жыл бұрын
@@Joeumadd On top of that, i think Jayz2cents built them a PC anyway. As a kind of middle finger to that company lol.
@logicplague
@logicplague 2 жыл бұрын
@@lyianx Oh yeah, she got hooked dafuq up.
@RichardHeadGaming
@RichardHeadGaming 2 жыл бұрын
@@Joeumadd Besides Jayz2cents gave her a better pc as a gift to compensate for this CEO's fail.
@miatafied
@miatafied 2 жыл бұрын
Exactly! Giving the smaller streamer the PC would have boosted her views, brought in more sales and showed future “ambassadors” that anyone can win, further increasing business. But instead the guy single-handedly and in one spoken paragraph on live destroyed his entire company. I remember within days they had posted the company was ceasing operations. That guy must have been on drugs or something to be soaking up that much money, plus he looks like he’s on drugs
@LukasTrombach
@LukasTrombach 2 жыл бұрын
Top notch journalism. Thanks for fighting the good fight
@BoogyMushrooms
@BoogyMushrooms 2 жыл бұрын
shoutout kiwis my favorite people
@imjody
@imjody Жыл бұрын
The fact that nobody ensured that those computers were returned to their rightful owners is an absolute disgrace. What an incredible video, guys!! 🔥
@Dowlphin
@Dowlphin Жыл бұрын
I had a lawsuit once (in Germany) that I pretty much lost where the crook was going bankrupt during the lawsuit process and had fenced materials I bought and sent him to use in a job while he also charged me for it via a bill he managed to push through thanks to several corrupt judges because he had no receipts to show to back his bill up. Utter criminality. No wonder Germany is now multitudes worse than that; really going down fast.
@chadmapping3401
@chadmapping3401 Жыл бұрын
this worlds justice system is terrible, instead of the ones who commit the crimes getting punish they just get off free.@@Dowlphin
@mathiaskjeldgaardpetersen5926
@mathiaskjeldgaardpetersen5926 Жыл бұрын
Imagine your car in for a tyre swap. Then the mechanic goes bankrupt, and they sell your car.
@Mark-nh7zg
@Mark-nh7zg Жыл бұрын
Well he fired the whole company. So the CEO is the one responsible
@libertyprime9891
@libertyprime9891 Жыл бұрын
KATZ. all you need to know
@frederic470
@frederic470 2 жыл бұрын
The Dino SFF PC at 8:15 is a modified frame of an ARK case. It is intended to just have a wood surrounding, not dinosaur stuff. If you're interested in seeing what that was intended to look like I can show you some renders, I am the designer of the original base case.
@andersjjensen
@andersjjensen 2 жыл бұрын
I'm glad I'm not the only one who thought "How the heck did he get from the image to THAT!?!"... But @Samson K. is right. You need to e-mail them, as they get absolutely *swamped* with YT messages.
@MrGrimsmith
@MrGrimsmith 2 жыл бұрын
Please, just do it as that's a nice piece of art there that deserves its own spotlight.
@BenCos2018
@BenCos2018 2 жыл бұрын
defn send them an email as that case looks amazing and defn deserves the spotlight for sure
@PhynixPCs
@PhynixPCs 2 жыл бұрын
For the GN team as a whole, thank you so much for all the kind words and care when speaking on us and what we dealt with. Steve you really went out of your way to do the best job possible with telling what happened, means so much to us having you in our corner. We mean it when we say we appreciate you more than you know!❤️‍🔥
@xwingx1gt
@xwingx1gt 2 жыл бұрын
Any chance you're hiring builders?
@takumigobrrr5411
@takumigobrrr5411 2 жыл бұрын
@@xwingx1gt damn
@oldguyrips535
@oldguyrips535 2 жыл бұрын
I really like how open and honest you guys are on your FAQ page. I really wish you all the best success rising from the ashes of the dumpster fire that you were all caught in with your previous employer. Given the fact that you're just getting started, and working on securing vendors, you've got yourselves into fairly reasonable price brackets already.
@chankwanting
@chankwanting 2 жыл бұрын
Good luck and all the best PhynixPC.
@zauriel60
@zauriel60 2 жыл бұрын
Love the fitting name!
@stevenanderson2313
@stevenanderson2313 2 жыл бұрын
The quality of content you all have created is insane! It’s so impressive how much research and paperwork you tracked down. Keep it up!
@generalgrevous1984
@generalgrevous1984 2 жыл бұрын
60 Minutes use to be, and to a certain extent still is, investigative journalism at its best. How about 60 Ghz? 😄
@Mach141
@Mach141 2 жыл бұрын
lmfao. I couldnt even sit through this shit show...
@aerosw1ft
@aerosw1ft 2 жыл бұрын
@Karl with a K looks like GN really hurt you.
@robwhitmore3040
@robwhitmore3040 2 жыл бұрын
@Karl with a K Is this what Noah changed his name to?
@Mostly_Positive_Reviews
@Mostly_Positive_Reviews 2 жыл бұрын
@Karl with a K Not sure how you think he manages to run GN if he has zero knowledge of business and finance.
@willwunsche6940
@willwunsche6940 2 жыл бұрын
I feel so bad for the RMA'd customers. That is so scummy and irresponsible. I agree with others that that should be resolved when it would be so easy to do even if none of the PC's are known or marked if anyone spent any amount of time checking them. Even if the customers had to spend $45 to ship them back that's better than nothing
@samtheman7366
@samtheman7366 2 жыл бұрын
Yeah, that seems like an crazy security hazard that wouldn't be allowed in EU. Auctioning PC:s with personal data is definitely a no go. Even the regulatory GDPR-states that everyone has a right for their own data and their own information destroyded even from companies. Don't know how the things work in U.S though.
@willwunsche6940
@willwunsche6940 Жыл бұрын
@@samtheman7366 Think most people are shocked it's legal even in the US
@dwaynepeters4520
@dwaynepeters4520 Жыл бұрын
I don't get why the creditors get to keep those. The customer already paid for them and received them. Shouldn't they belong to the customer, not to Artesian?
@willwunsche6940
@willwunsche6940 Жыл бұрын
@@dwaynepeters4520 Yeah it doesn't make much sense
@devisals
@devisals Жыл бұрын
Yeah hearing that genuinely pissed me off. Imagine paying for a computer, using it for a while and then never getting it back. That's just terrible.
@Ganiscol
@Ganiscol 2 жыл бұрын
Just 5 minutes in I have a burning question: How is it even legal to auction off property that does not belong to the foreclosed company but to private individuals who sent their property in for repair? Its really simple to separate these items from stuff that belongs to the defunct company.
@spectraleggings
@spectraleggings 2 жыл бұрын
came here to ask this tbh
@kilianbalter
@kilianbalter 2 жыл бұрын
Seems HIGHLY problematic in terms of data privacy as well. Couldn't imagine this happening under EU law, though I'm no expert either.
@MrStealYoBeef
@MrStealYoBeef 2 жыл бұрын
Because modern law here is no longer written to protect the people, it's written to protect companies and corporations at the expense of the people. Welcome to America.
@joshm3484
@joshm3484 2 жыл бұрын
I don't think that's what they're doing, though I could be wrong. Usually part of bankruptcy like this is to auction off company assets, such as inventory or tangible assets. So for example, all the GPUs they bought at the height of the bubble that are worth half as much now, the tools used in the builds, shelving, the company PCs, or whatever. I'm not sure what would happen to the customer PCs, but I don't believe they can just auction them off.
@technole
@technole 2 жыл бұрын
Bankrupcy court tends to side with those who are owed the most, and if they auction whatever is considered held to pay off assets, that's the end of it cause whatever warranty AB had is considered null and void, so having sent in a machine was a risk but hopefully many were able to get a chargeback if it was within a certain window.
@lw8882
@lw8882 2 жыл бұрын
Suing GN for this story would just be like... a giant waste of Noah's parents' money. Oh wait. Run.
@fendi-bull8167
@fendi-bull8167 Жыл бұрын
Digital Homicide for PC Building. I'm actually admired he's shutting his mouth now. I wanna see he's going batshit on public.
@ohandanotheronebitesthedus6247
@ohandanotheronebitesthedus6247 Жыл бұрын
Whoa noah i keep getting called noah
@inverse_of_zero
@inverse_of_zero 2 жыл бұрын
Thank you Steve and GN for this incredible piece of investigative journalism in the tech industry. You're not only doing a service to the internet, but society as a whole ♥
@criticalimpact6499
@criticalimpact6499 Жыл бұрын
Gamers Nexus truly are the paladins of PC consumer protection. May the light ever shine on them for doing the good work.
@joshcoe7896
@joshcoe7896 Жыл бұрын
and on occasion they throw up the shield and defend us squishies from OP Encounters.
@vlissblisskiss
@vlissblisskiss Жыл бұрын
its not that serious
@vlissblisskiss
@vlissblisskiss Жыл бұрын
"paladins of PC consumer protection" please go outside
@criticalimpact6499
@criticalimpact6499 Жыл бұрын
@@vlissblisskiss did you type that from outside? Keyboard warrior?
@mohammedxiii
@mohammedxiii Жыл бұрын
I too feel the euphoria of the light. *Farrrrrt*
@chriss4799
@chriss4799 2 жыл бұрын
Finally! I can’t wait to learn how dinosaurs come into all this!
@joshua41175
@joshua41175 2 жыл бұрын
Poorly designed Ark case and rare herbivorous tyrannosaurid.
@Matok1
@Matok1 2 жыл бұрын
The thing I find to be the most shocking is that RMA'd stuff can just get auctioned off. RMA'd items do not belong to the company you send them to, they belong to a person somewhere that has nothing to do with the bankruptcy, how in the world can they just take and auction someone's stuff without it being government approved theft? It's a bankruptcy, a judge had to approve this.
@tooitchy
@tooitchy 2 жыл бұрын
How is civil asset forfeiture legal? It's quite simple, money rules all. When a company goes bankrupt, those they owe money to, get paid back, from top down, meaning the banks are first, you are last. Doesn't even matter that RMA items do not belong to the company, it's something that can be sold, and debtors paid back. I'ts fucked, everything abuot todays system is fucked, nothing in a free market is supposed to work like it does in america, this is corporate oligarchy, not free market capitalism.
@Maintenance_Mark
@Maintenance_Mark 2 жыл бұрын
Agreed
@the_texan_921
@the_texan_921 2 жыл бұрын
After seeing that the building is just there... Unoccupied. If my high end multi thousand dollar PC was sent to them to fix, is just smash a window and take it back. Or call the land lord and ask them if I could just pick it up.
@ssshanemjlll
@ssshanemjlll 2 жыл бұрын
The law would have required them to file a dispute/claim with the Bankruptcy Court and trustee. Unfortunately most people never know that a hearing is happening.
@arthurmoore9488
@arthurmoore9488 2 жыл бұрын
@@ssshanemjlll I think some laws around artwork would actually work here. This would allow saying stolen art was purchased as part of a bankruptcy proceeding so therefore the owner gets to keep it.
@arkanrais
@arkanrais 2 жыл бұрын
By the looks of it, Katz is a prime example of a person who is handed wealth without having to earn it. He shows no responsibility, no duty, no care for what he is doing beyond a self serving somewhat narcissistic goal of "I want to be friends with the famous people." He's like a shallow hollywood leech, trying to buy his way into the good graces of people who have some level of fame to them. I hope he gets sued and prosecuted for as many counts of fraud as possible.
@mutedmutiny9542
@mutedmutiny9542 2 жыл бұрын
He’s really immature, That’s the main thing to me. That whole trying to be an influencer thing is just so pathetic. Even calling himself an influencer in that one clip… mega cringe. Give me a break man, I don’t know how old he is but, grow up dude. Even chasing influencers from a business standpoint is dubious - just look at the fyre festival for one obvious example. Not that it is always sketchy, but it definitely raises a flag. Influence deez nuts
@ronjones-6977
@ronjones-6977 2 жыл бұрын
Those "poor employees" that got screwed. Uh, they never met the CEO? Within 5 seconds of meeting that tool, you could tell he was a weasel. Don't go to work for shitheads, the company is likely to follow them right down the toilet.
@anorax001
@anorax001 2 жыл бұрын
He's a typical rich kid narcissist with parents that support that behavior. Sadly these type of people always get away with this. Even if he faces fraud charges I am sure mommy and daddy have a team of lawyers to help him avoid prosecution.
@Neon_Plasma
@Neon_Plasma 2 жыл бұрын
Sounds very similar to Elon Musk
@captinsparklezremix
@captinsparklezremix 2 жыл бұрын
What do you expect from a spoilt, rich white dude at this point?
@karag6556
@karag6556 2 жыл бұрын
0:18 "Video cards locked in cages", oh the cruelty
@Suzumi-kun
@Suzumi-kun 2 жыл бұрын
Wait you’re telling me that people who sent their computers, THEIR PROPERTY, to this company. They were essentially “borrowing” them to fix them, and now its “owned” by the auctioning people? That’s messed up.
@TechyBen
@TechyBen 2 жыл бұрын
Yeah, designed to fail. Any proper company should state/offer insurance against this, so if the company goes under/warehouse catches fire they pay out/ship back. Too many people "trust" companies as if the company knows what it's doing and is not run by some chumped up nutter with fake promises.
@backlogbuddies
@backlogbuddies 2 жыл бұрын
That's what's shocking
@quintoblanco8746
@quintoblanco8746 2 жыл бұрын
Bankruptcy laws were created to protect rich people.
@Mr_Meowingtons
@Mr_Meowingtons 2 жыл бұрын
Yeah I am legit more mad about this then the people that lost cash. The people that have their cash tied up at least have the banks working for them to get their money back. The people that sent out fot an RMA There at the tail end of ever recovering any thing. Most likely we'll never see anything back.
@rogerthomas368
@rogerthomas368 2 жыл бұрын
Consumer rights in the USA do seem to be rather weak.
@ThatConfused1
@ThatConfused1 2 жыл бұрын
The scummiest part of all this to me was PayPal not investigating these transactions given the volume of cash being challenged.
@kukhri
@kukhri 2 жыл бұрын
I'm going to stop using PayPal. Too risky.
@ahmedanssaien6449
@ahmedanssaien6449 2 жыл бұрын
And yet they don't mind effing with people who make way less money, and even when they submit legit documents, their account stays limited, while other times, people submit fake documents, and their account becomes fully verified. Oh, the irony!
@eMikerism
@eMikerism 2 жыл бұрын
yea considering it was the same guy claiming fraud
@nc737
@nc737 2 жыл бұрын
Paypal are a really evil company now (and with really bad quality software as anyone who ever had to integrate their API can attest)
@dirtfpv
@dirtfpv 2 жыл бұрын
Well, to be fair, that's only because PayPal is a garbage company
@romakrelian
@romakrelian Жыл бұрын
The idea that he wanted to be just like Linus seems really funny when you consider the current drama.
@Mateus01234
@Mateus01234 2 жыл бұрын
28:41 "And the company was run by a man who we think was obsessed with becoming internet famous and with the idea of internet celebrity. _And he's achieved that."_ What a burn, Steve.
@loksolidsnake
@loksolidsnake 2 жыл бұрын
He wanted to become Linus plain and simple, but there's only 1 Linus like there is only 1 Steve. And both of them wouldn't pull that shit with contest rules.
@cartmann94
@cartmann94 2 жыл бұрын
"fame is fleeting, but infamy lasts forever". Starlord-jacket dude has certainly achieved that
@neilbradley
@neilbradley 2 жыл бұрын
The CEO's behavior sounds like that of a narcissist, a bully, a pretender. I know one person who acts EXACTLY like this. It is likely that the CEO's threats of a lawsuit for "defamation" are also hot air, given how defamation lawsuits are notoriously hard to prove. All that being said, thanks much for doing this - it really opens up what went on, and your presentation of everything seemed really level headed and fact based. Thanks for looking out for us, GN.
@antonchilinski9729
@antonchilinski9729 2 жыл бұрын
The punishment is the process; The defamation suit doesnt have to be proven for the defendant to incur damages from it. Lawyers are not cheap, and you probably won't be able to get your money back from the prosecution.
@JJW3
@JJW3 2 жыл бұрын
​@@antonchilinski9729 Small correction, its plaintiffs not prosecution as this would be a civil case. Prosecution is criminal trials.
@pirojfmifhghek566
@pirojfmifhghek566 2 жыл бұрын
​@@JJW3 Typically you would call them plaintiffs, but if you order one with toppings it's called a fancytiff.
@josophie5002
@josophie5002 2 жыл бұрын
Basically nearly every CEO of every company is like this.
@alejandroespinoza5680
@alejandroespinoza5680 2 жыл бұрын
There is also the fact that this might be considered a S.L.A.P.P. suit. (A lawsuit meant to bully the target into silence by draining their time and resources), but given how much of a clusterfuck the company's collapse was I doubt he would actually be able to follow up on that threat.
@ericepperson8409
@ericepperson8409 2 жыл бұрын
I wish I could say the most shocking thing to me in this whole report is Paypal siding with a company pulling shady practices to fraud customers. There are a number of instances that I've been party to that convinced me over the past few years that I will never trust Paypal in any manner. IMO it's an extremely poorly ran fintech company and its a minor wonder that they somehow have managed to not fall into a hole they can't climb out of.
@JJW3
@JJW3 2 жыл бұрын
I absolutely loath PayPal and avoid using them. This is situation is a good example of why you never leave funds sitting in your Paypal account.
@MistyKathrine
@MistyKathrine 2 жыл бұрын
@@JJW3 Yep. I only use Paypal for small purchases. Anything big, it's best to use a credit card for.
@Locutus494
@Locutus494 2 жыл бұрын
Why the hell is a company even paying its employees with PayPal in the first place?! That alone is super shady and suspect...
@NathanBrownisawesome
@NathanBrownisawesome 2 жыл бұрын
I mean agree, PayPal is garbage, but what do we use as alternative realistically? Crypto can't even save transactions after crashing yet again and losing it's credibility after numerous public scams
@Shane-fh4uu
@Shane-fh4uu 2 жыл бұрын
As a small business owner running paypal for 5+ years now I am just as shocked as you as paypal almost ALWAYS sides with the customer. The number of times we've been screwed over by paypal have far outweighed the handful of times they helped us against scammers. Edit: after watching the video it actually makes sense. Artesian was buying GPUs from employees due to the GPU shortage from mining. In this case, the employee is the seller and Artesian is the customer. So when Artesian charged back on those transactions, the seller, who probably had no proof they delivered the package i.e a tracking number, since they just hand it off at work, had no chance to win the dispute. There could possibly be a chance if you force the employer to sign a contract showing exchange of goods but any good employer would produce such a invoice template for their own records keeping (you know in case irs wants to audit your business) Tips to prevent getting scammed on paypal - Don't ever complete a local transaction and accept goods and services as a payment (if you are the seller). You won't have proof of delivery of the goods. Most of the time you will be covered if the buyer claims they don't recognize the transaction or whatever; that's not your fault and paypal usually won't make you responsible for it. I think 1-2 times they did make us responsible but we made a quick call and a rep was able to overturn the decision.
@TTownTCG
@TTownTCG 2 ай бұрын
That PC skeleton shirt is still badass in 2024! I'm thankful I got one and still have it! Much respect GN!
@owenyin3316
@owenyin3316 2 жыл бұрын
I hope this gives a massive bump to the employees on the east coast in terms of how employers look at them. Pushing out so many builds a day at such a high quality with such a small team…absolutely jacked. And better PCs for consumers too.
@JetsetDruid
@JetsetDruid 2 жыл бұрын
Yeah, someone should have bought the east coast division and kept it going as a separate business, clearly those guys had their shit together and were doing great work. To get a lower RMA rate despite building more PCs is very impressive.
@charlesbrown4483
@charlesbrown4483 2 жыл бұрын
As per usual all the real work happens on the east coast and the wannabe celebrities on the left coast reap the benefit of that work until their bubble bursts a year later. A tale as old as time lol(I'm only like, 25% serious, don't get offended left coast people most of you are okay).
@Markus-zb5zd
@Markus-zb5zd 2 жыл бұрын
what's the name of the new company?
@SpringHaIo
@SpringHaIo 2 жыл бұрын
@@Markus-zb5zd PhynixPC - steve mentioned them around 31:30
@DsgSleazy
@DsgSleazy 2 жыл бұрын
@@JetsetDruid Facts, I hope some company or an investor (specifically one that isn't a corprate shareholder slave) sees this and decides to help them out, they absolutely deserve it, I'm willing to bet this video could be a catalyst for that too.
@RealMenWorshipZeus
@RealMenWorshipZeus 2 жыл бұрын
Hell yeah. This kind of work, among others, is why Gamer's Nexus is in a league of its own. Well done!
@briancrosby160
@briancrosby160 2 жыл бұрын
LTT does fluff pieces, GN does the hard hitting investigative journalism
@rojovision
@rojovision 2 жыл бұрын
I feel really bad for the people who aren't getting their RMA's back. You never know what was on the drives that may be private or unrecoverable.
@alfredkugler3043
@alfredkugler3043 2 жыл бұрын
I don't understand how that is even legal. The creditors should not be able to sell things that don't belong to the debtor to recover the debt. Seriously, that is theft IMO.
@rojovision
@rojovision 2 жыл бұрын
@@alfredkugler3043 I can't say I understand it either.
@comradeinternet467
@comradeinternet467 2 жыл бұрын
@@alfredkugler3043 Theft is okay when parasitic ghouls in expensive suits do it, that's like a core tenant of capitalism.
@virtualomen3022
@virtualomen3022 2 жыл бұрын
You can easily report your items as stolen (if you've registered all of your serial numbers) and can easily find your stuff once someone plugs it in. It's sad but it's Still yours
@christodd3361
@christodd3361 2 жыл бұрын
This doesn’t make sense. That is someone else’s personal property. Not the creditors, not the company’s. The owners of those machines have every legal right to show up there and walk out with their property.
@Jammsbro1
@Jammsbro1 Жыл бұрын
How can someone else's property be sold for some other parties liability? That is theft.
@ChinezNinja22
@ChinezNinja22 Жыл бұрын
I guess it's similar to Repossession
@ChinezNinja22
@ChinezNinja22 Жыл бұрын
Or an eviction notice
@jeremydale4548
@jeremydale4548 Жыл бұрын
It SHOULD NOT!!! It IS theft and whoever disagrees deserves NOTHING good in their fucking miserable lives!!!!!!
@mistersadaimusic
@mistersadaimusic Жыл бұрын
It is probably due to theft clauses and laws that screw the consumer. If it wasn't Artesian's money used to build the thing, then as long as it is in their possession at the time of filing, it might be considered a product sold on credit that the company did not have. Kind of like buying a stolen car. The consumer would have to sue.
@skramzgod
@skramzgod 2 жыл бұрын
Before all the craziness happened, I ordered my first rig since 2013 from them with a i9, lots of ram, a nice water cooled modded case with LED displays on the side etc, I didn’t trust myself building it on my own and their company had a ton of clout. The only thing is I contacted them before I ordered and said that I didn’t want them to include a graphics card, I had a new 3080 RTX still in its box that I wanted to install instead of paying for theirs that I wouldn’t need. A representative told me I was allowed to get it with no gpu via email, and told me the price would be reduced from the original, that I would basically get a rebate. But about a month later when it came I realized they made a mistake or just lied, It came with a weak ass MSI 3050 and I never even got my rebate or price reduction. I tried to return the whole thing and just build my own but they claimed I voided refund by opening the chassis and inspecting the GPU they gave. I shouldn’t of even said I did that but I was so pissed anout being charged $350 extra for something I asked not to get. I’m glad they fell
@jonmc6573
@jonmc6573 2 жыл бұрын
opening a chasis NEVER voids anything and you don't even need to do that o know what GPU is in your PC.
@Yomom12388
@Yomom12388 2 жыл бұрын
@@jonmc6573 When I got my build from Digital Storm I HAD to open the chassis to get the packaging out of the inside of the PC that kept everything in place. Opening the case up voiding a return was very obviously just a dumb excuse. It’s my PC, I’ll do what I want with it. Hell, according to my warranty Digital Storm says they’ll RMA the PC even if I replace some components, but just that the stuff I put in is obviously not covered. I guess Artesian was scummy from the start.
@mjkittredge
@mjkittredge 2 жыл бұрын
well at least you have a backup GPU in case something goes wrong with the 3080.
@benwu7980
@benwu7980 2 жыл бұрын
@@Yomom12388 Yeah, that ?instapack stuff is certainly required on probably anything 3070 or up, and should really be on anything shipped. DS do have a good reputation, I had never even heard of Arsetesian before the initial 'reroll' happened to ‘kiapiaa’. Shoutout to JayzTwoCents, he built her a rig :D gotta show love for the good ones in the tech sphere.
@TWEAKLET
@TWEAKLET 2 жыл бұрын
@@benwu7980 it could have a 50 dollar gpu and you should still pack it inside the case to prevent the gpu from potentially breaking the slot off the motherboard if its roughly handled
@JayYeasmin
@JayYeasmin 2 жыл бұрын
It's not much but I'm glad to be able to support you guys at all. Proud of you fellow Triangle Area folks.
@GamersNexus
@GamersNexus 2 жыл бұрын
Every $5 makes a big difference to us still. Thank you!
@locutusvonborg2k3
@locutusvonborg2k3 2 жыл бұрын
you know, its not "not much", cause its the peaople, all together, making that bigger sum. and perhaps 5$ isnt much, but from what perspektive? if everyone thinks that way , none will give anything. but you did and that is actually what counts.
@chickenfarmergaming
@chickenfarmergaming 2 жыл бұрын
@@locutusvonborg2k3 Never realized they were in RDU until this video.
@Scheater1337
@Scheater1337 2 жыл бұрын
@@locutusvonborg2k3 Yeah, people rarely realise that if get they their pay every month all at once. But for someone having a small takeout, getting those 5-10 bucks per customer is pretty much their main income. Many KZbinrs and streamers live off such donations.
@STORMFIRE07
@STORMFIRE07 2 жыл бұрын
Thanks for the donation, fellow viewer, but if possible, try to donate them directly through their website, donating them through the KZbin means KZbin gets a huge cut of that donation (if I remember correctly, around 20%)
@ocudagledam
@ocudagledam 2 жыл бұрын
Waaaait, the guy scammed his own employees by getting them to sell him their GPUs and then annulling the transactions through PayPal?! I really hope when the time comes the institutions don't fall for the "Whose parents? We are here as creditors!" ruse because it's really obvious what's going on.
@Phyrre56
@Phyrre56 2 жыл бұрын
It really seems like he brought his parents on as creditors as personal insurance. That way when the inventory needed to be liquidated, they would get their million back first. $20+ million in annual revenue and you still have a $1m bond on the books?
@masterinsan0
@masterinsan0 2 жыл бұрын
@@Phyrre56 When you spend it as fast as you can make it, it doesn't matter how much revenue you're bringing in. Sounds like the company was doing some shady shit so I wouldn't doubt they were operating almost entirely in the red for a while and just hiding it through investments, shifty accounting, and recognizing revenue for product they hadn't shipped yet. So it's likely that $1m bond was part of their shifty accounting anyway.
@getoffthegames89
@getoffthegames89 2 жыл бұрын
Yea, for sure. It’s all about cash flow. If your so behind that the next one is paying the last ones bills, yous in trouble
@Collin_J
@Collin_J Жыл бұрын
Just came back for a rewatch, wow those Noah clips get harder to watch every time
@stickdeath1980
@stickdeath1980 Жыл бұрын
thankkkkkks intel lol im doign the same
@Teh-Penguin
@Teh-Penguin 2 жыл бұрын
I love how over the years this channel evolved from no bullshit, accurate hardware reviews into this movement for what I will call human rights in the industry. What a trip to follow you over the years, GN! 2014/2015 feels like a century ago when looking at how far you've come!
@NapFloridian
@NapFloridian 2 жыл бұрын
Yeah been here since the beginning too... Amazing channel to say the least
@buf0rd
@buf0rd 2 жыл бұрын
The research and discovery process is appreciated. "Replacing old money with new money". 😅 Thank you.
@nahimgudfam
@nahimgudfam 2 жыл бұрын
He's saying that it looked like a pyramid scheme, but he can't actually legally say that because it's libelous.
@nninjastrike2127
@nninjastrike2127 2 жыл бұрын
@@nahimgudfam It sounds more like a Ponzi scheme to me, imo.
@rmogha
@rmogha 2 жыл бұрын
5 Tips for Managing Money - planning for recession kzbin.info/www/bejne/gnSnnp6PhLmfoNU
@MK-of7qw
@MK-of7qw 2 жыл бұрын
Oh! Like a Ponzi scheme?
@borgranta61103
@borgranta61103 2 жыл бұрын
This looks like the CEO will be lucky to avoid prison time for several counts of wire fraud and mail fraud. I hope PayPal wised up and will be willing to reconsider disputes if the victims decide to dispute the wrongful chargebacks again.
@abysspegasusgaming
@abysspegasusgaming 2 жыл бұрын
The route that PayPal has been going with their anti-consumer actions, it's doubtful. Even simple graphical artists are having a hard time dealing with the BS that PayPal has been doing when PayPal outright "limits" (bars) someone's account for little to no reason at all over a transaction that was made between 2 parties that was a mere exchange of drawn art for money. PayPal used to be great in its hayday, but they've long been going down the slippery slope of treating their users like shit.
@signa8
@signa8 2 жыл бұрын
@@abysspegasusgaming I tried buying a retro console recently, and the site's payment processor was Paypal. I don't have or want a Paypal account, so I used the service as a guest. After entering in my card, PP emails me and tells me that they need more personal info "because of suspicious activity" on my guest transaction. It also blacklisted the card I was using. Thankfully, I had a second email and card to use. Unfortunately, the same exact thing happened again with the new card and email address, and I ended up having to find the same retro console for $10 more on another site that didn't force Paypal use. Basically after that, I'm going to fight tooth and nail to never actually have a Paypal account.
@crisapx
@crisapx 2 жыл бұрын
@@signa8 Using PayPal is awesome when you are buying stuff. I'd never use it as a seller though
@signa8
@signa8 2 жыл бұрын
@@crisapx Alright, if you say so. Never been my experience. The complete story is that I had account from like a decade ago, and it got locked out after not using it for a while until I provided the extra personal info that I'm not prepared to give them. A guest option was fine, because it's just an email and a card number: the bare minimum to complete an online order. But that still wasn't good enough for them.
2 жыл бұрын
@@signa8 just make a paypal account
@Marz7
@Marz7 Жыл бұрын
What a damn shame. Some people just don’t deserve something that great. Humble yourself whoever this guy is.
@tbrowniscool
@tbrowniscool Жыл бұрын
Just goes to show how much a single person car steer a ship into an iceberg. Humans can be amazing, but we are all flawed and when you insist on a direction at all costs you will always hit something.
@1stToefur
@1stToefur 2 жыл бұрын
If you bought a PC and had to send it back in for repairs, how can they legally keep it and sell it again via auction to settle their debts? That sounds like theft to me. The customer should at least be able to get their broken PC back, even if the shipping is at their expense.
@michaelatlas2341
@michaelatlas2341 2 жыл бұрын
The ceo is a smartass who thinks he can get away with anything and who deserves everything, that's how. He owns the physical computers, therefore he can sell them, that easy, he'll I'm surprised the scumbag hasn't tried to sell ghost pc's
@justarandompersoniguess
@justarandompersoniguess 2 жыл бұрын
That’s the thing: they don’t.
@Folsomdsf2
@Folsomdsf2 2 жыл бұрын
It doesn't sound like theft. It's legally called theft. It's under 'theft by conversion'. This is when someone hands you something with the expectation of having it returned but it is never returned.
@mjouwbuis
@mjouwbuis 2 жыл бұрын
In Dutch bankrupcy law, proven owners of equipment that got caught in the bankrupcy will usually get assigned a time slot to get their equipment back in person or by courier for a nominal fee to cover the sollicitor's costs. I'd expect US law to be similar.
@Brurgh
@Brurgh 2 жыл бұрын
you shouldn't expect the US to be similar in any way.
@Ainalom
@Ainalom 2 жыл бұрын
It's like they say, "Be careful what you wish for" because he certainly got his moment in the light, a light of infamy for being an awful human being. GREAT JOB STEVE AND GN TEAM. I love these journalism pieces because they are always so well put together, well spoken and presented. Such a good video. Keep it uppppppp
@leighgoldstein3119
@leighgoldstein3119 2 жыл бұрын
You have truly moved into a whole new level of quality over the past year or so. I think you are finding a real niche with these investigative styles of content. You probably realize this yourself, but keep them coming. It's fun to watch, but does a great service for humanity!
@TotalDbag24
@TotalDbag24 Жыл бұрын
Paypal is notoriously biased towards the buyer. It's pretty ridiculous sometimes.
@ryanjofre
@ryanjofre Жыл бұрын
Yea, before feebay acquired PayPal they fuked allot of buyers and sellers but they fuked over allot more sellers.
@patrickasplund
@patrickasplund Жыл бұрын
You mean AGAINST. Are you a kid or something???
@TotalDbag24
@TotalDbag24 Жыл бұрын
@@patrickasplund Nope, just been buying and selling on PayPal for over 12 years. How about you buddy? The only way you really lose as a buyer is if you're stupid and pay "friends and family".
@WLS_Churchill
@WLS_Churchill 2 жыл бұрын
My parents gave me 2000€ to start my business 15 years ago, it's now making 200K a year in revenue cause i worked my ass off everyday since, Katz parents gave him a golden spoon on a silver tray, and he managed to fuck it up... Unbelievable...
@mutedmutiny9542
@mutedmutiny9542 2 жыл бұрын
Being an influencer was more important to him than running the business. Edit - TRYING to be an influencer. I don’t want anyone to think I was claiming that he actually was one.
@lekhakaananta5864
@lekhakaananta5864 2 жыл бұрын
He didn't fuck anything up. His goal was to be famous, not run a business. Why would he give a shit about running a real business? Financially, he could either get money from rich daddy and mommy or just scam some people.
@BBWahoo
@BBWahoo 2 жыл бұрын
@@lekhakaananta5864 Imagine he gets into crypto
@MorbidEel
@MorbidEel 2 жыл бұрын
@@lekhakaananta5864 Sadly he probably could have had that without fucking up the company. Hire someone else to run the business and he continues doing his influencer stuff.
@Chinothebad
@Chinothebad 2 жыл бұрын
@@BBWahoo I can imagine he'd blow what he has on crypto while shilling a rugpull crypto.
@vipast6262
@vipast6262 2 жыл бұрын
I absolutely love your reporting! You may have longer content, but I'd rather get the full story and feel informed. Keep it up, I bought a shirt and coasters to continue the excellent reports. Thank you Steve, and the Gamers Nexus team!
@Slay1337pl
@Slay1337pl 2 жыл бұрын
I mean, for people looking for shorter/more dense content, there are the weekly recaps.
@RuinationFEW
@RuinationFEW 2 жыл бұрын
Please continue making great content like this. As an attorney watching your investigative videos, I am always impressed with your diligence and insight into the experience of the average consumer. I am also impressed by how accurate your interpretation of the law can be. Edit: I spit my drink out when you covered the "Liabilities" section and noted the loan to his parents as secured creditors.
@PStewart28
@PStewart28 2 жыл бұрын
Was that a move by Noah to make sure his parents got paid back first? Please help me understand because that part was fascinating to me but went too fast over my head.
@GamersNexus
@GamersNexus 2 жыл бұрын
Thank you! I've worked with enough lawyers to know some basics, or at least enough for most reporting. It's always really cool to see people with a legal background in the audience, so I appreciate you taking the time to post!
@RuinationFEW
@RuinationFEW 2 жыл бұрын
@@PStewart28 It is hard to know exactly, but a secured creditor is in line first to get paid in the bankruptcy process. Secured debt is usually tied to a physical object, think your mortgage or car loan. Generally for commercial purposes you might secure the debt with goods or heavy machinery. The consumers end up being around the same point in line as a credit card company would be, receiving pennies on the dollar. Depending on what his parents debt is secured with and when it was secured in relation to his financial decline, will be something the bankruptcy court looks at. Lastly, if you look up “Bankruptcy Hold”, you can get a good idea what some of the more recent charge backs are probably about, however it appears this was a pattern of behavior predating any period required by the bankruptcy code for a spending freeze.
@Sabrinahuskydog
@Sabrinahuskydog 2 жыл бұрын
@@RuinationFEW I'm no lawyer but to me it sounds like he knew the company was headed into the ground "soon" and so he made sure his parents got the most money out of it's failure and did it in a way where it would ensure they got the money they were owed even if it went into bankruptcy.
@RuinationFEW
@RuinationFEW 2 жыл бұрын
@@Sabrinahuskydog It certainly raises questions.
@ShionWinkler
@ShionWinkler 2 жыл бұрын
His parents, being an investor in the company, would be able to sue the company for their money and walk away from this as millionaires and then give some of that to Katz, even though they were clearly part of the problem, and he is going to most likely walk away with millions of dollars while laughing at all the people who lost money. Ahh, the US legal system, working as intended. 🤷‍♂🤷‍♂
@aaronthomas6155
@aaronthomas6155 2 жыл бұрын
It depends on how separated his personal finances were from the business finances.... One of my former employers learned that the hard way. He ended up having to file bankruptcy.... Literally lost everything in the aftermath of his business failing.
@taoofjester4113
@taoofjester4113 2 жыл бұрын
Depends on how many other secured creditors there are and what position they are in. Also depends on how much the assets being sold at auction brings in. His parents might only get pennies on the dollar when all is said and done.
@stephenjenkins7971
@stephenjenkins7971 2 жыл бұрын
Not sure how you'd possibly stop something like that, as this is only morally screwed but not actually illegal in any country on Earth.
@aaronthomas6155
@aaronthomas6155 2 жыл бұрын
@@stephenjenkins7971 Depending on how the business was structured, they could sue Katz directly. He would then have to prove an inability to pay any judgements against him. If he later starts another business, without first paying out on the judgements against him, he's screwed....
@tubensalat1453
@tubensalat1453 2 жыл бұрын
If they can give their son a 1.2M$ loan they're probably millionaires anyway. And since they're first in line to get money of what's remaining they probably won't lose much. And I guess they won't sue him. But from I understood it's very possible that he faces criminal charges.
@OatmealCreamPie
@OatmealCreamPie 2 жыл бұрын
A $20,000,000 Scam, run into the dirt by one dude? Man, EA must be proud.
@TheSkewedReality
@TheSkewedReality 11 ай бұрын
Man imagine if Noah and the unity guy got together. Real power couple there.
@polymniaskate
@polymniaskate 2 жыл бұрын
Thank you for the hard work you put into this and the quality of the report - this whole story is both fascinating and terrifying, especially thinking of all the customers and workers who got screwed up in all of this through no fault of their own
@rube9169
@rube9169 2 жыл бұрын
3:04 That is ridiculously concerning. There has to be some legal issue with auctioning off people's private property, regardless of the fact that it was left in the Artesian Builds warehouse. _Especially_ if that property could very well contain sensitive personal information.
@raphaelallegro8308
@raphaelallegro8308 2 жыл бұрын
Bankruptcy laws are a sick joke. They essentially legalise fraud. They are set up to protect people with money.
@oxenfree8373
@oxenfree8373 2 жыл бұрын
To have any hope of recovering property, you’d have to engage with the system responsible for it- banks and courts. I think you can file claims in situations like this, but it won’t stop the property from being sold- you’d have to find out who purchased it, and figure out how to contact them. Maybe I’m completely off base, but I thought there were some rules around how property like this can be reclaimed, even if it’s a convoluted and complicated process.
@Camoceltic
@Camoceltic 2 жыл бұрын
Yeah, I've got no idea how the legal side of the system works, but it's fucked if your personal property is sold off to pay a company's debts because you tried to have your property repaired by its manufacturer. Even more fucked if anyone has, say, a crypto wallet or sensitive/important data on there.
@sofadhana1289
@sofadhana1289 2 жыл бұрын
ncix had a similar issu when they went bankrupt and sold off their servers, which happened to have unencrypted information about their customers. Nothing came of it legally afaik.
@Rainmotorsports
@Rainmotorsports 2 жыл бұрын
This happens all the time. It's pretty standard stuff. Can't speak to it legally but we've seen this happen so many times it's worth noting that if you send your PC in with files on it. Consider those files immediately leaked. Because between employees and bankruptcy it could happen.
@rebitedon
@rebitedon 2 жыл бұрын
Imagine dumping on a small fan who was trying to promote your company to going into a complete collapse. This community means business.
@jefftaylor7171
@jefftaylor7171 2 жыл бұрын
This is the best analysis of how a company collapses. I'm going to use it in my classes, eventhough they're on the art business, because this story explores all the angles of how an enterprise can fail. It's so educational. Thank you.
@LordRaven256
@LordRaven256 2 жыл бұрын
Wait a second. The PCs send in for repair still legally belong to their owners. Just because they are there doesn't mean they can be sold/auctioned off. That would be the same as if I give my car for repair and the shop goes bankrupt. They can't sell off my car then either, because it's not their property.
@gundalfthelost1624
@gundalfthelost1624 2 жыл бұрын
Exactly. Something odd is still going on with that company.
@synapticburn
@synapticburn 2 жыл бұрын
Exactly. The bankruptcy trustee / administrator is tasked with sorting all that out. It just takes time
@24680kong
@24680kong 2 жыл бұрын
That would be logical. But we're talking about corrupt CEOs and lawyers and a legal system that is stacked in favor of CEOs and maintaining the status quo.
@mushafasa
@mushafasa 2 жыл бұрын
Vehicles have a VIN that is registered to a person with their state though. But yeah, these people should get their property back.
@Maintenance_Mark
@Maintenance_Mark 2 жыл бұрын
My guess is that Noah listed customers PC's as company assets to secure loans or something like that. He's already proven to be a super shady CEO so I wouldn't put it past him.
@katnerd6712
@katnerd6712 2 жыл бұрын
It boggles my mind that this guy squandered such a rare opportunity. Success in niche industries is heavily based on taking advantage of unexpected opportunities. Basically luck. This guy won the lottery by his second year...and didn't capitalize on it at all. I've owned and ran businesses most of my life, I'm disgusted at the level of sheer incompetence and lack of the most basic judgement on display here.
@michaelrussell6661
@michaelrussell6661 2 жыл бұрын
The guy was so far out of his depth and knowledge as well as having no basic knowledge and the level of incompetence is way beyond that of stupidity.
@Starscreamious
@Starscreamious 2 жыл бұрын
He strikes me as an out of touch rich kid using mommy and daddy's money.
@peterpuke2841
@peterpuke2841 2 жыл бұрын
I run a small computer repair business too, nothing fancy but it puts the bread on the table, I'm not big enough to even have one employee but hell I couldn't even sleep if I make my business go bankrupt for being a total ass and letting my employees on the street without a job, this jerk hasn't only affected all his customers and clients but all that people who worked their asses every day for him to success, people like this guy don't deserve anything they own, I hope he gets so bombarded with lawsuits that he ends up in a single room apartment eating canned tuna and frozen meals for dinner for the rest of his life.
@jakel2837
@jakel2837 Жыл бұрын
The RMAs being auctioned feels very illegal, that's not the company's property. That's like your mechanic going under halfway through fixing your car, and just selling it
@LFPGaming
@LFPGaming 2 жыл бұрын
fantastic reporting on how a single horribly inept CEO can completely destroy a goldmine of a company
@empath69
@empath69 2 жыл бұрын
To be fair, the Great Pandini and the chip shortage contributed to things. But when it comes down to it, if ArtBld hadn't been handicapped by its 'idle grasshopper' CEO, it probably would've been able to survive the lean times of GPU unavailability by restricting orders - now? THIS is the time to launch a 'PC building' company; I wish ALL the success to PhynixPC!
@TRAMP-oline
@TRAMP-oline 2 жыл бұрын
@@empath69 we watched the video
@Phyrre56
@Phyrre56 2 жыл бұрын
It wasn't a gold mine. It was essentially a ponzi scheme of computer building. Steve doesn't want to say that because it could be slander, but Artesian was falling further and further behind in delivering product while keeping all of the money. (Steve makes a comment like "they're using new money to pay for old builds which...sounds like something else," that something else being a ponzi scheme.) We also don't know their profits -- they did a lot of revenue but also had to pay for a lot of material, including $2m sitting in inventory at time of bankruptcy. There was also $1.2m owed in loans from the parents that were not repaid, so it's not like they were rolling in profit. When you have at least $1.5m in seed money (per the balance sheets) you can generate a ton of revenue just through marketing. The tricky part is turning a profit. Anyone can burn through an investment.
@empath69
@empath69 2 жыл бұрын
@@TRAMP-oline Wow! Then you're in a minority segment of the commenters here.
@HochgeborenKlown
@HochgeborenKlown 2 жыл бұрын
He wasn't inept, he knew exactly what he was doing...He let his already over inflated ego overflow...
@GorujoCY2
@GorujoCY2 2 жыл бұрын
It might not be much and I know I'm late but I want to say thank you for standing up to everyone for this long while in this journey and as someone who wants to create a company selling XR products and (office/gaming) computers, this really gives me a lot of information especially how a company can operate and hopefully I can avoid any of these. Thank you again and cant wait to see more of this investigation!
@BigMan7o0
@BigMan7o0 2 жыл бұрын
the one bright side is that Phynix actually looks to have some pretty good pcs in terms of specs to price, and if they are going to continue delivering the quality they delivered as Artesian East (I have no reason to think they wouldn't) then they could quite possibly have Artesian 2 on their hands in terms of success, they just have to be sure to not let it get mismanaged. I wish them and everyone else who got laid off from this dumpster fire nothing but the best
@PhynixPCs
@PhynixPCs 2 жыл бұрын
We appreciate the words, we are employee owned and want to give you all the same quality of work you deserve. ❤️‍🔥
@benruss4130
@benruss4130 2 жыл бұрын
@@PhynixPCs Well, I don't personally buy prebuilds, but I will steer friends to you guys, I've looked at a few of Artesian East's builds in person and they seemed stellar. I've worked at a company that had the east/west divide like you guys had (the only difference is that West in our case makes enough money to run the entire company off of through West's largest product line, and the other lines are pure profit)... Although all of the money goes towards improving East, while west is stuck in a building that is literally collapsing into a giant, building-sized sinkhole.
@crazyasian888
@crazyasian888 2 жыл бұрын
@@PhynixPCs The only piece of advice I have for you is to implement a system for dealing with ownership directional conflicts. I have seen too many companies fail during hard times when everyone is an owner and there just isn't enough unified direction and insufficient capital allocation for any of the proffered ideas to succeed.
@minecrafter4623
@minecrafter4623 2 жыл бұрын
As long as they don’t have an Idiot/jerk of a CEO things are already looking better.
@ccricers
@ccricers 2 жыл бұрын
I hope they can carry small form factor cases as well. The Artesian Pluto was legit a nice case. But it was designed independently before Artesian picked it up and sold it, and I'd like to see these independent case companies find better distributors.
@WilliamTresch
@WilliamTresch 2 жыл бұрын
Ik you all aren't lawyers, but, as a transactional attorney specializing in corporate governance and M&A, I think you guys went far more in depth and did a surprisingly good job covering the legal and financial elements of this case. Great video. If you ever need help on something like this or just want a second set of eyes to confirm something, hit me up and I'll see what I can do to help.
@Bitt3rh0lz
@Bitt3rh0lz 2 жыл бұрын
How is it legal that devices that potentially contain personal data and are technically still owned by someone (or in the case of repairs are actually owned by someone other than Artesian) are being auctioned off? That seems like a grave violation of privacy and ownership rights.
@himmelhero
@himmelhero 2 жыл бұрын
Welcome to the USA where bankruptcy laws are their to protect the company not the clients
@Bitt3rh0lz
@Bitt3rh0lz 2 жыл бұрын
@@himmelhero Sounds fair and unbaised and also very american XD
@bene5940
@bene5940 2 жыл бұрын
So the property belongs to the consumer that paid for it (orders in for repairs - not unfulfilled orders), if its sold at auction it's effectively stolen property? the auctioneers cant claim ignorance of this and are therefore knowingly selling stolen property? But I'm sure there's a loophole that allows for this because... Capitalism!
@toooes
@toooes 2 жыл бұрын
When sending in PCs for repair, typically the user agrees to backup their own personal info/data. There is no way the company can guarantee integrity and, in some cases, troubleshooting will necessitate wiping the drive.
@CanIHasThisName
@CanIHasThisName 2 жыл бұрын
@@toooes That is simply not true. There pretty much never is a reason to wipe a drive unless large portions of data have been corrupted as a result of unstable memory or something.
@Sigurther
@Sigurther 2 жыл бұрын
I'd be absolutely furious if a company bilked me out of several thousand dollars that I'd paid for something. Losing your *existing* PC with all the hardware you already own and all the information on it? Hell hath no fury. Hope someone figures out a way to get those former clients their property back.
@btnt5209
@btnt5209 2 жыл бұрын
This is why you use a credit card - much easier for chargebacks
@worldhello1234
@worldhello1234 2 жыл бұрын
@@btnt5209 You pay for it through the nose. Let alone the loss of freedom, especially if a social credit system kicks in.
@NabekenProG87
@NabekenProG87 2 жыл бұрын
@@btnt5209 Can chargeback charge back your personal files?
@Hoenir
@Hoenir 2 жыл бұрын
Yea, when i heard that i couldnt believe it. How can they action Property/stuff that does not belong to them ? And all the personal info inside it ?
@edwardcullen1739
@edwardcullen1739 2 жыл бұрын
I'm confused - you cannot sell something that you do not own; the liquidators should be returning the RMA units to their owners.
@buddymac1
@buddymac1 2 жыл бұрын
Somehow I'm not surprised that Gamer's Nexus drops an S++ tier investigative piece and it's far better than anything from any major news corporation, especially considering Steve reviews PC parts full time.
@andrewt.5567
@andrewt.5567 2 жыл бұрын
Things usually do turn out better when the person is passionate about the topic and has a very target audience established. If this were about a carpet company it may have sound more like the local news.
@561Hero
@561Hero 2 жыл бұрын
Some news reporters are just paid actors and don't do anything good for society. This is more like top tier journalists work. A good Journalists is rare.
@Ioganstone
@Ioganstone 2 жыл бұрын
League of Legends
@黒-l9s
@黒-l9s 2 жыл бұрын
Steve: "That was how they found out that they've lost their job" "The cries of thousand workers manifested as thundering sound intensifies" Steve: "That wasn't super-..." "Intensifies even more" Steve: "Okay"
@bigbearkat2010
@bigbearkat2010 2 жыл бұрын
I assumed it was God's way of saying "what a dick"
@InservioLetum
@InservioLetum 2 жыл бұрын
@@bigbearkat2010 I'm an antitheist and I admit for a second there, I thought the same thing. I don't know why, but Karening is always worse when a man does it.
@mikefarino4368
@mikefarino4368 2 жыл бұрын
Thanks! Absolutely loved this. Hope you are able to do more like this in the future if needed, though I also hope it’s not necessary because it doesn’t happen again.
@Hotlog69
@Hotlog69 2 жыл бұрын
I'm sure GN appreciates the gesture of the gift, but I'm sure they preferred you buy something from their store instead
@mikefarino4368
@mikefarino4368 2 жыл бұрын
@@Hotlog69 I have the mod Matt the coasters and glasses mouse pads and multiple shirts from them. They get more of the money this way, although Google does take a cut.
@Hotlog69
@Hotlog69 2 жыл бұрын
@@mikefarino4368 But you can't put down "donation" as a business income. Maybe even givng via Patreon would be a better option?
@GamersNexus
@GamersNexus 2 жыл бұрын
Thank you so much for the kind words and also for the support! Andrew and I are going to grab some food after this hard work to decompress and talk about the next one, so it'll go towards feeding the team and brainstorming the next piece!
@theFrizzleFry
@theFrizzleFry 2 жыл бұрын
@@GamersNexus sushi, maybe?
@sirtaylor2569
@sirtaylor2569 2 жыл бұрын
"they wanted something for doing nothing" says the little boy spending his daddys money with full hands
@Badmanart
@Badmanart 2 жыл бұрын
That transition when Steve walks in the office and turns the lights on was prime! Keep it up guys!
@2A4Dayz
@2A4Dayz 2 жыл бұрын
I hope Phoenix pc rises from the ashes and does well with better management. Looks like those guys really know what they’re doing
@NegativeROG
@NegativeROG 2 жыл бұрын
I don't think even one of their builds was "outstanding." Yes, I know Steve meant "not done yet." My 68-year old wife just built her first PC completely without my help, and she did an amazing job. Her cable management would've put those guys to shame. Great journalism, Gamer's Nexus. Thorough, researched, multi-sourced, verified, documented... You guys could teach the mainstream media a whole bunch!
@colorwithkurt
@colorwithkurt 2 жыл бұрын
Keep up the good work, Steve and team.
@LordLiquidBaconII
@LordLiquidBaconII 2 жыл бұрын
You're cool for supporting GN's content
@one-six952
@one-six952 2 жыл бұрын
Saw Artesian and immediately start guessing when and how will the dinos show up. And I still did not expect how the dinos showed up.
@CSLucasEpic
@CSLucasEpic 9 ай бұрын
Wait... How is it legal to auction computers that were sent for repair and thus did not belong to Artesian in the first place?
@jeremydale4548
@jeremydale4548 5 ай бұрын
It SHOULDN'T be legal. Whoever made this law is an IDIOT and should either be arrested for grand theft, or if they are already dead, writte down on record as a criminal with all accolades stripped.
@ConfusionDistortion
@ConfusionDistortion 2 жыл бұрын
Never let "employers" pay you via paypal. Request cash or check/direct deposit. The fact that Paypal granted all these refunds too, that is just insane. There is a point where their fraud team should have been taking a hard look at an account that was filing claims for multiple large cash amount purchases during a short time frame, and froze that account. By all accounts, thats not normal behavior for a legit account.
@himbourbanist
@himbourbanist 2 жыл бұрын
right?! such a huge red flag. I'd be like "wait you guys cut my checks and deposit directly into my account. Do that or no sale."
@peterpuke2841
@peterpuke2841 2 жыл бұрын
PayPal's ¨fraud team¨ works with the scammers, last year I got ripped off directly by PayPal getting all my funds frozen and my account permanently banned for no reason, I spent several days doing anything they told me to do in order to get my money back and after some point they never responded back again, I have a small computer repair business and I had to go out of business for several months because despite the fact it was just $800 I work alone and thanks to that money being stolen by those bastards I had to pay for the parts that I already sent to my clients with my my own money and the half of it was thanks to my brother who kindly lend me $400, thankfully I recovered financially from that awful experience but I will never use PayPal again in my life and I always try to convince my clients and my friends to stop using that money laundry company before they get ripped off like me. #NeverUsePayPal
@233kosta
@233kosta 2 жыл бұрын
Ye, fuck PayPal 😒
@fqed
@fqed 2 жыл бұрын
This is paypal's MO, don't use paypal ever.
@sectokia1909
@sectokia1909 2 жыл бұрын
People think paypal have a team. They don't. They have a bot that sides with the buyer. Thats it.
@SuperNovaRider
@SuperNovaRider 2 жыл бұрын
This level of detailed, deep investigative tech journalism is really hard to come-by nowadays. Keep up the great work! 👍
@JHXmas9001
@JHXmas9001 2 жыл бұрын
The fact that there's no recourse for rma'd devices with personal info on it is honestly terrifying. It sounds like they're not legally required to return or even destroy the drives either 😨
@synapticburn
@synapticburn 2 жыл бұрын
There absolutely is recourse. These customers are actually in front of any creditors in bankruptcy proceedings. Their items are not assets that can be sold, the administrator will determine all of this before liquidation
@dylc5604
@dylc5604 2 жыл бұрын
Good thing we have gdpr! Rest assured everything will be ok
@wuzziemaster
@wuzziemaster 2 жыл бұрын
US is not covered by GDPR. Then again, i do not know where the computers were shipped from, or under what legislation it is covered. Either way it's a sh~tshow... And i hope everyone is getting their data and money back.
@dylc5604
@dylc5604 2 жыл бұрын
@@wuzziemaster gdpr is a false security anyway. Better off living in a location where you're forced to take care of your own information rather than trusting the legal system and the government to reassure you it's safe, because it's not.
@DarthRaptor22
@DarthRaptor22 2 жыл бұрын
@@dylc5604 GDPR is strictly European
@MrXaniss
@MrXaniss 2 жыл бұрын
The fact that something they don't own and people sent to repair is gonna be sold baffles me.
@xellios
@xellios 2 жыл бұрын
This Noah Katz character seems like a scumbag of the highest order. You'd be hard pressed to find a better karma story. This was an amazing piece. Excellent job!
@johng4357
@johng4357 2 жыл бұрын
Karma would be if he was held personally accountable, charges filed and forced to reimburse everyone that he ripped off, and significant jail time for fraud. He got away pretty light imo
@kendokaaa
@kendokaaa 2 жыл бұрын
He's amazingly douchey
@xellios
@xellios 2 жыл бұрын
@@johng4357 That's a good point. I'm not typically happy to see someone lose their livelihood but he most certainly deserved to have everything fall apart for him. And hopefully there will be even more consequences as the lawsuits unfold. He should absolutely be in prison. I agree 100%
@wiryantirta
@wiryantirta 2 жыл бұрын
what do you expect from a trust-fund child of a fratboy-type. daddy must've bankrolled his entire operation
@jasperdiscovers
@jasperdiscovers 2 жыл бұрын
He makes me think of Martin Shkreli. Same vibe. Same assholery.
@Caerulos
@Caerulos 2 жыл бұрын
I've Worked in a PC System Implementer like Artesian. Trust me, alot of companies run like this, Artesian is just the one that got caught.
@WatchMysh
@WatchMysh 2 жыл бұрын
True. Just wanted to write the same comment.
@insensitive919
@insensitive919 2 жыл бұрын
The guy was just so arrogant and desperate for attention that the internet developed a crush on him.
@likeablecloud2454
@likeablecloud2454 2 жыл бұрын
I agree also... The refusing refunds is completely legal and not fraudulent. If you request a refund you need a reason so if it's shipped you can't refund it... And I bet a bunch of fraudulent refund requests where made once that fuck up happened. It's also legal advice If a company is going under to refuse refunds on products already shipped. Of course that's only if it's been shipped. But I'm. Guessing it's not always the case as if they haven't shipped it and refused a refund it is fraudulent.
@nnnnnn3647
@nnnnnn3647 2 жыл бұрын
Classic behavior of people from a country in the Middle East.
@thelanecampbell
@thelanecampbell 2 жыл бұрын
I’m glad GN is getting into investigative reporting. It’s a void in the industry that needs a solution.
@johnwbuxton
@johnwbuxton Жыл бұрын
It's telling that the algorithm is promoting this in August 2023
@JunkieCS
@JunkieCS 2 жыл бұрын
I remember back in 2020, I had an employee of artesian contact me about selling them an RTX 2080TI Aorus Elite while he was visiting LA. We went through the deal and they later tried to claim that the GPU was faulty and that I had "scammed them" even though I had tested the said GPU before going through with the transaction. Im glad I got cash and didnt use Zelle/Paypal or else I probably would've turned out like the others who were scammed by them!
@wintdkyo
@wintdkyo 2 жыл бұрын
The fact that they transacted with cash and not by check (which I am assuming) is a red flag with their business practice.
@fgsaramago
@fgsaramago 2 жыл бұрын
@@wintdkyo thats funny. Here in Portugal checks have been obsolete for the last 20 years. Though one can still technically use them, theyre usually only used for fraud or shady transactions and with comlanies its a huge red flag if theyre using checks. It automatically triggers an audit if detected by the government
@worldhello1234
@worldhello1234 2 жыл бұрын
@@wintdkyo Quite the opposite is true, because a check is not money.
@mirrorsandstuff
@mirrorsandstuff 2 жыл бұрын
@@worldhello1234 it's less common for a business. Cash transactions are often used when one wants to avoid taxes.
@jtowensbyiii6018
@jtowensbyiii6018 2 жыл бұрын
@@worldhello1234 this is a lie , no business wants to use cash if they run off a loan
@ipoosk
@ipoosk 2 жыл бұрын
So he was just some trust fund baby playing with his parents money while trying to make it big on the internet. I feel so bad for the customers who saved up for potentially years to buy a PC just to get absolutely screwed by this narcissistic pile of garbage. Thank you so much for this piece of tech journalism. If you ever get taken to court this community has your back.
@Aereto
@Aereto 2 жыл бұрын
And not everyone can devote time to essentially put together a PC like you do with a large RC hobby vehicle. Funny enough, it's much more expensive and time consuming to put together a car from parts and salvage for hobbyist mechanics. A PC is FAR cheaper than a car if entertainment is what a person is after. A car has more utility in the form of mobility, but thanks to how messed up politics is, we can never a hobbyist mechanical engineer building their own street legal car in this day and age, even a pure electric car to avoid the challenges of internal combustion engineering and emissions regulation.
@nateg5505
@nateg5505 2 жыл бұрын
Gotta give him credit though. Not all trustfund babies can build a 20m company in a couple of years. He's just an idiot for not knowing how good he had it already and kept chasing fame. This guy had a golden spoon and built it up to a successful company only to fumble it. Idiot
@empath69
@empath69 2 жыл бұрын
heck with the community, the justice system has Steve's back - defamation isn't that easy to prove in the US, especially with what Steve is basing things on.
@WafflesASAP
@WafflesASAP 2 жыл бұрын
I second this. I'd throw at least $100 into a legal fund in a heartbeat if it ever came to that.
@SenorCircuit
@SenorCircuit 2 жыл бұрын
I had an Artiesian PC build in my shopping cart literally the week before this all went down. Dodged a bullet there!
@nines9061
@nines9061 2 жыл бұрын
I was watching and recommending them to friends . . . Im so glad they didnt take my advise lol
@fatsuperfly
@fatsuperfly 2 жыл бұрын
Same here! You just never know who’s credible these days.
@SenorCircuit
@SenorCircuit 2 жыл бұрын
@@nines9061 Yeah, I recommended them to a buddy looking to buy but luckily he didn't use these guys. I was impressed with Artesian because I had literally no exposure to this Noah creep, just the awesome folks building the PCs on Twitch, as well as a few Twitch streamers who were ambassadors with the company. What a shame this whole thing is.
@westfield90
@westfield90 3 ай бұрын
Nothing makes me mad than people like him and SBF who never admit any wrong doing, treat employees badly and virtue signal their piety.
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