Paypal Settlement?

[DanT]

I just receive an e-mail from paypal it seem that there is a class action settlement. It seem that it open to

All Persons who opened a PayPal account during the period from October 1, 1999 through January 31, 2004.

Excluded from the class are any judicial officer to whom the lawsuit is assigned; PayPal and any of its affiliates; any current or former employee, officer, or director of PayPal; anyone who resides in Austria, Belgium, Denmark, Germany, Greece, Finland, France, Ireland, Italy, Luxembourg, Portugal, Spain, Sweden, The Netherlands, or United Kingdom; and all persons who timely and validly request exclusion from the class pursuant to this notice.

$10 million settlement

Here a page from DOJ edit: Site not include or related to the emai.l I found with google. Then went to the US DOJ and made a search with their site search engine.
http://www.usdoj.gov/usao/moe/press%...ly/paypal.html

The e-mail has a link to https://www.paypal.com/settlement/ to register and make the claim

So what do you think?

 

[warubozu]

At the time when I had received that same email, I didn't have the time to carefully read thru the entire email and thought that it was just another scam. So I ended up deleting it, I'm still not sure if it's legit.

 

[DanT]

From the settlement site they ask for your name, address and phone Also the approximate date of your paypal account activation. I don't see how they can scam with only info that can be found in the phone book. And have a written certification send by regular mail.

The settlement money will either be transfer directly to your paypal account or they will send you a check. When it the court will finalise. The deadline is in october.

 

[KR...]

This just screams scam to me. I would check with Paypal themsleves.

 

[ooheadsoo]

Not looking at any content and just at the links, it looks pretty legit. The .gov domain is reserved for government only and the paypal link is a secure link. No weird typos.

 

[KR...]

Yeah, looking into it, it seems to be real. I would forward the e-mail to paypal just to be sure. Hackers are smart you know. Better to be paranoid than sorry.

 

[ampgalore]

The most each of us would get is probably $10 or so. The rest goes to the lawyers.

 

[KR...]

I forward the e-mail that I got to spoof@paypal.com so I guess soon I will know if this is legit or a hoax. I will post what they say here or at least sum it up.

 

[chiefroastbeef]

if it's real, we might be able to buy a happy meal with the settlement money

 

[minya]

Hmm.

The DOJ website says that PayPal is settling a $10m claim due to allegations involving illegal offshore gambling activities.

Meanwhile, the settlement website mentions a class action lawsuit regarding something called the Electronic Fund Transfer Act.

From a very brief overview, these two things don't seem to match up. I would wait for more information before giving these people my personal information.

- Chris

 

[james__bean]

Or some tic-tacs...

 

[Xanadu777]

It's real, do a google search and you'll find all kinds of verification. Even http://www.paypalsucks.com/ has it on their front page. Looks like I joined too early to get in on the fun though...

 

[minya]

How exactly do we find out how old our account is?

- Chris

 

[chiefroastbeef]

searched on google and found this
http://www.usdoj.gov/usao/moe/press%...ly/paypal.html

it says the settlement was in missouri, but in the email it's in california?

can a law expert clear this up?

 

[KR...]

Quote:

Originally Posted by minya How exactly do we find out how old our account is? - Chris

just log in to paypal and look at your history. do a search for as long ago as you can to see if you joined between "OCTOBER 1999 AND JANUARY 2004"

However, I would wait out before signing or filling out any forums. Remember the deadline is October 23, 2004. So don't jump the gun and do something you might regret.