The most unfortunate thing about this whole situation is that it was poor Chad himself who ended up discovering and shutting down the fraudsters. This should not have been the case, and I apologize on behalf of my former employer. I sincerely wish I would have been able to help catch this before it got out of hand. (Disclaimer: I am the former Operations / Support / Fraud Investigator for Balanced Payments).
As it turns out, the CEO of BalancedPayments is (there is just no nice way to put this) an unethical bag of scum. He recently went on some kind of insane power trip, completely disregarding the needs of his customers, putting me on unpaid leave for ... reporting an incident of fraud to a bank. I reported an incident exactly like the one Chad discusses here, but the dollar amount stolen was much higher, and the fraudster a repeat offender.
Anyway, after that last meeting where he was sneering and enjoying way too much the power trip of getting to "fire" somebody, I can confidently exhort that Balanced should not be trusted.
It's important that any company a marketplace entrusts its financial data with is an ethical one. So, yeah, looks like I'm on the job market; ping me : http://lnkd.in/NuBGDY
There are so many things wrong with this post, I would strongly advise you to delete this. Besides the libel, it doesn't really paint you in a good light either, especially if you're going to be looking for a job. I would suggest keeping your dirty laundry off the Internet, and delete this post.
I for one appreciated the info. But you're right: shawnee should definitely consider trying to hide the hate, because even well-justified and 100% righteous anger can prevent you from landing the perfect job you want. Pretend you're a zen master; a lot of potential employers only want people who have never been victimized like this at work, particularly in their leadership roles. I speak from experience: it's better to paint a picture of a clear, strong, victorious past than a picture including the truth of having worked for unscrupulous jerks who you had serious disagreements with.
On the other hand, the world would be a better place if we didn't all have to make nice-nice and pretend, so rock on!
People are way to uptight about stuff like this when it comes to finding your next job. It's true that it will close some doors, but it will open others. And, for the vast majority of openings nobody will ever know.
I enjoyed reading it. I doubt this will come back to haunt the author with respect to future work. If he's good at programming, pretty much anyone will overlook his "scumbag" remark. After all, who identifies with the group "scumbag" and will be offended?
This is, sadly, false. It may be true that anyone cool would ignore such things, but there are plenty of companies and recruiters out there that will consider this kind of thing a red flag and downvote people during the recruiting process. (Edit: this comment has been getting upvoted and downvoted in equal proportions, which kind of supports my point. It's an ugly truth, what I'm saying here.)
Agreed - whether or not the CEO is an "unethical bag of scum", this person just made some colorful remarks about the CEO, and linked their real name in the same comment. All on Hacker News, which could be portrayed as a source of news for the industry, thus making the comment damaging.
This is very dangerous ground, and could be a case of libel if the "unethical" CEO catches this.
I'm pretty sure libel and slander are really hard to actually get judgements on. The information can't be true, and the victim has to be able to demonstrate damages. There may be other technical factors as well, such as whether the victim is famous and whether they rely on having a clear name to exist in the world. I'm not a lawyer, but my understanding is that people get more nervous about slander than they really need to.
Not in the UK. The defendant must prove that the statement is true[1]. This is why the UK is a prime libel tourism destination, as the cost of defending the statement is often prohibitive to an individual.
Being a statement on the internet, I believe this case could be tried in the UK, hence the tourism aspect.
Ridiculous libel judgements in the UK will not be enforced in the US if the judgements violate the First Amendment.
I'm just waiting for day when libel tourism results in no one visiting the UK -- actual tourism -- because everyone has UK libel judgements against them.
This CEO would have to prove that they behave ethically, and then extrapolate the HN viewership with potential customers and thus lost revenue and/or a loss of brand equity.
This is certainly not a stretch for civil court, nor would it be inexpensive for either party involved.
I'm no lawyer, but I'm pretty sure that any US court would consider "unethical bag of scum" to be a statement of opinion, and thus not covered by defamation laws.
I think what steve8918 is trying to say is that a comment such as one made by shawnee_35 is not seen in a good way by some people, and I agree with him. However that does not mean that people shouldn't say what they think about someone but calling names is not a good sign.
No, this is vindictive: http://freespire.com/. That's a site set up by a former exec of a defunct company, attacking its former CEO. shawnee_'s comment is exploding with tact by comparison, and any HR drone who doesn't see the difference doesn't deserve their position.
Yes, you can find more vindictive things: there are people out there who have not only set up a silly website, but have made it their life's mission to stalk and terrorize the people they dislike; there are even people who have captured and tortured the objects of their hatred/revenge. Obviously, this is a massively different situation than simply calling someone names, and anyone who fails to recognize that fact is being dense: these websites and comments are, after all, "harmless name calling".
However, that really doesn't excuse the behavior: just because you can find someone worse than you, making you look good in comparison, doesn't mean that you are actually doing well... "have you seen Steve? he failed that class; in comparison, my C is great! if you really can't see the difference, you don't deserve to be a teacher" <- this statement isn't even false, as a C really is massively different than an F... at least you tried... but is it really something we should be happy about? Seriously?
I am not certain whether I agree with that; I might, actually... I certainly would if it were in private, or in context. However, that doesn't make the argument "if you think X is Y then you should check out Z: it is so much more Y you will stop calling X Y by comparison" a useful argument: you can almost always find more and more extreme examples, and eventually you are saying "at least he's not Hitler; you can tell the difference, right?".
There is absolutely no doubt that the payment processor should have caught this way earlier. It is in their best interest.
That said I am not sure how BalancedPayments is built. By that I mean how much risk they are taking in being part of this payment ecosystem. It looks like they hold the money in their own bank account so BalancedPayments themselves uses another processor to do their payment processing. The other alternative is that they are big enough to communicate directly with the backend network like IPPay, First Data Omaha, or FNBO...but they don't seem that large.
These claims, valid or not, are tangental to this situation, right? I mean, is there something specific to how Balanced handles payment processing that would be conducive to the kind of fraud alleged in the OP? It seems processor-agnostic.
In my experience, both firing someone and being fired are fraught exercises, and can generate a lot of heat on both sides of the relationship. I'm not going to leave Balanced just because they're clumsy at HR. If you think there are structural issues with regard to fraud prevention, that's a much more serious charge, and would need to be substantially substantiated, probably in a new thread.
As it turns out, the CEO of BalancedPayments is (there is just no nice way to put this) an unethical bag of scum. He recently went on some kind of insane power trip, completely disregarding the needs of his customers, putting me on unpaid leave for ... reporting an incident of fraud to a bank. I reported an incident exactly like the one Chad discusses here, but the dollar amount stolen was much higher, and the fraudster a repeat offender.
Anyway, after that last meeting where he was sneering and enjoying way too much the power trip of getting to "fire" somebody, I can confidently exhort that Balanced should not be trusted.
It's important that any company a marketplace entrusts its financial data with is an ethical one. So, yeah, looks like I'm on the job market; ping me : http://lnkd.in/NuBGDY