Anyone catch wind of further developments in this fiasco? Local newspaper has nothing new to report. I know Mark Tobias used to post on several Yahoo online train forums but have not seen any activity by him in many months.
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Last I heard the owners were arrested but nothing more.
So what is NETTE ?
Dan Padova posted:So what is NETTE ?
NETTE was an auction business that did train auctions. They closed up abruptly and customers have lost money and trains.
Dan Padova posted:So what is NETTE ?
New England Toy Train Exchange
Dan Padova posted:So what is NETTE ?
In addition to the above, saw several notices included in the latest edition of the TCA Newsletter mentioning that the Connecticut Attorney General's Office is working this case. I believe they even provided a contact person for anyone who had dealings with them or otherwise has relevant information to provide.
Jim O'C posted:Dan Padova posted:So what is NETTE ?
New England Toy Train Exchange
Not to be confused with New England Hobby Supply in Manchester, CT, which is a pretty nice train store with a club layout.
rather than hear the word "fiasco" again, i certainly wouldn't mind hearing from anyone who had a good experience with an auction house(?) ... in a short paragraph (please), ...like how your auction was generally handled, if they took care of disputes and if you got paid on time.
frankly for me i'm thinking it's now down to Stout Auctions.
cheers...gary
NETTE is a black eye on the auction world and toy train community .... a real shame to effect so many in such a small collectors field.
I have had great dealing with Stout and Bertoia Auctions .
Packing is first rate and quick turn around in shipping .
Cheers Carey
NJCJOE posted:Last I heard the owners were arrested but nothing more.
Do you have a link to this story? I cannot find anything online about it.
Thanks.
Steven J. Serenska
Serenska posted:NJCJOE posted:Last I heard the owners were arrested but nothing more.
Do you have a link to this story? I cannot find anything online about it.
Thanks.
Steven J. Serenska
Which
George S posted:Serenska posted:NJCJOE posted:Last I heard the owners were arrested but nothing more.
Do you have a link to this story? I cannot find anything online about it.
Thanks.
Steven J. Serenska
Really? Did you try Google?
The original post-er said "Last I heard the owners were arrested but nothing more.".
Please let me know which of the links you provided, including the one you indicate has the detail, mentions anything about an arrest of the owners.
Really.
Steven J. Serenska
I got that information from a friend who knows somebody who lives in the area. Supposedly they were arrested right in their own town. At least that's what I heard.
Serenska posted:Which
George S posted:Serenska posted:NJCJOE posted:Last I heard the owners were arrested but nothing more.
Do you have a link to this story? I cannot find anything online about it.
Thanks.
Steven J. Serenska
Really? Did you try Google?
The original post-er said "Last I heard the owners were arrested but nothing more.".
Please let me know which of the links you provided, including the one you indicate has the detail, mentions anything about an arrest of the owners.
Really.
Steven J. Serenska
Sorry, I thought you meant the story in general. My bad. 
Joe:
NJCJOE posted:I got that information from a friend who knows somebody who lives in the area. Supposedly they were arrested right in their own town. At least that's what I heard.
Thanks for letting us know. When I read your comments earlier, I Googled and even checked the Danbury papers but couldn't find anything.
My understanding is that, normally, a dispute between a service provider and a customer is a civil matter and is settled via a lawsuit, bankruptcy proceedings, etc. When a case like this leaps over to the criminal justice system (i.e., an arrest), it's a completely different ballgame. I was hoping to read a police blotter or the equivalent to learn more.
I'll update this thread if I find anything.
Thanks.
Steven J. Serenska
George S posted:Serenska posted:Which
George S posted:Serenska posted:NJCJOE posted:Last I heard the owners were arrested but nothing more.
Do you have a link to this story? I cannot find anything online about it.
Thanks.
Steven J. Serenska
Really? Did you try Google?
The original post-er said "Last I heard the owners were arrested but nothing more.".
Please let me know which of the links you provided, including the one you indicate has the detail, mentions anything about an arrest of the owners.
Really.
Steven J. Serenska
Sorry, I thought you meant the story in general. My bad.
It's not a problem. I could have been clearer myself rather than saying "this story". As the refs say, "the penalties offset; do the play over." 
SJS
The couple has been formally charged.
NJCJOE posted:The couple has been formally charged.
Hopefully many of the unsold trains are still held somewhere where they can be returned to their rightful owners. Nobody wins in this situation, even of the funds are paid and the unsold items returned.
Good, hopefully they will spend some time in prison for their deceitful acts. The sad thing is that the people they defrauded will most likely never receive anything for the items that they stole
NJCJOE posted:The couple has been formally charged.
Joe:
Thanks for letting us know. Being charged with stealing $700K is a pretty serious offense. The underlying facts of the case must have been pretty sordid and ugly for prosecutors to be mounting such a significant charge.
I feel for those who were taken by these guys, particularly survivors of someone deceased. I hope they find some measure of relief.
SJS
Owners involved in motorcycle accident in NY earlier this summer. Guess justice is slow?
http://www.dailyfreeman.com/ge...-car-in-lake-katrine
The guy had (and probably has) a serious gambling problem, became like a Ponzi scheme where payment for trains sold got later and later, until there was no money left coming in - all left at the casinos.
Lines have gone pretty cold since last year -the trains and the money are gone, not sure there is anything left to collect for those that got stung (and I know a few of them - $700K is no exaggeration).
Jim
that is so sad to hear. I attended many auctions and purchased a lot from them years ago and had nothing but a good experience with them. that's hard to believe but you never know I guess.
