Quote from: repentance on May 30, 2012, 07:16:24 AM

And despite claiming to have large amounts of money on deposit with the exchanges they make demands in the forum rather than spending a few hundred dollars to pursue recovery of their money through the legal system.

Its simple: public pressure is often a much more efficient and effective way of getting your money back, then the legal system which is slow, ineffective.

Even I've seen people having problems with banks (like money disappeared because of technical problems with an ATM), and going to the press with the problem, solved it within days or even hours, while the legal system would take months or years. Time is money.

Although the "public pressure" route is not as effective with non-functioning companies, as they don't have customers to lose any more, so they are likely not to care.

Debt collection is also often much more effective with publicizing the debt, then taking it to a debt-collector.

That's reality.