#11
(This post was last modified: 11-27-2016, 10:46 PM by grim.)
(11-27-2016, 09:39 PM)andrewjs18 Wrote: I don't think I'd spend $400 for a shaving razor...at least not one that's still being produced today.  

That's a separate question and I can't disagree. Then again I think few people paid the full $299 for V1.


(11-27-2016, 08:26 PM)Marko Wrote: I don't disagree that civil penalties are commonplace but fraud is another thing altogether.

Set aside fines for regulatory reasons. Fraud is everywhere. Mail fraud and wire fraud cases can easily be found but just for education purposes, to understand how widespread this is, some significant examples and there are many more. You might find you can't buy anything.

http://www.therichest.com/rich-list/the-...ines-ever/

Enron $1.5B fine “lying to shareholders, misleading customers, and deliberately withholding power in order to raise consumer prices.

Johnson and Johnson $ 2.2B fine “marketing the drugs for uses others than those they were licensed”

Pfizer $2.3B fine “guilty of misleading consumers. … A Pfizer sales rep was eventually the one to whistle-blow on the case, lifting the lid on a four year fraud.”

Time Warner $2.4B fine “deceiving its own shareholders”

http://www.marketwatch.com/story/5-of-th...2013-09-27

JP Morgan $13B “Mislead Fannie Mae and Fredie Mac”

http://www.bloomberg.com/news/articles/2...ons-claims  

VW $15.3B agreement “ Admitted … to …. rigging environmental tests”

http://www.forbes.com/sites/henrymiller/...1c2ec649a9

Whole Foods “New York City Department of Consumer Affairs (DCA) investigators found last year that the company systematically ripped off unwitting customers by “routinely” overstating the weight of pre-packaged foods–including meats, seafood, dairy and baked goods.”

http://www.nytimes.com/2014/01/08/busine....html?_r=0

L’Occitane

“the commission charged four companies with deceptively marketing weight-loss products, asserting they made “unfounded promises” that consumers could shed pounds simply by using their food additives, skin creams and other dietary supplements. The four companies — Sensa Products, L’Occitane, HCG Diet Direct and LeanSpa — will collectively pay $34 million to refund consumers.”

http://www.nhtsa.gov/About-NHTSA/Press-R...bmw_fined_$40_million_12212015

BMW fined $40M. “The requirement to launch recalls and inform consumers in a timely fashion when a safety defect or noncompliance is discovered is fundamental to our system for protecting the traveling public. This is a must-do,” said NHTSA Administrator Mark Rosekind. “For the second time in three years, BMW has been penalized for failing to meet that obligation.”

NHTSA has fined many car makers going back to Ford and GM

https://en.wikipedia.org/wiki/List_of_la...ettlements

Pharmaceutical Products, Merck, Bristol Myers, and others - Medicare fraud.

https://www.extremetech.com/internet/235...yees-fired

Wells Fargo alleged fraud

https://www.justice.gov/opa/pr/former-mc...government

MCC Construction Company Wire Fraud

http://www.tmj4.com/news/local-news/fbi-...government

Construction fraud and on and on and on. Its everywhere.

You probably can’t find a car to buy or products to buy where some of this hasn’t occurred.

Just saying, picking on this one guy is a bit ridiculous when you look around and see how common misleading consumers, stockholders, really is. Whenever I see this come up in shaving forums, I wonder if the posters really understand how widespread this problem really is. People have died in car because the carmaker decided it was cheaper to pay lawsuits than fix cars (allegedly). https://users.wfu.edu/palmitar/Law&Valua...pinto.html

" Since the benefit of $49.5 million was much less than the cost of $137 million, Ford felt justified in its decision not to alter the product design. The risk,/benefit results indicate that it is acceptable for 180 people to die and 180 people to burn if it costs $11 per vehicle to prevent such casualty rates.

You all are going to worry about this guy? Its peanuts in comparison.
#12

Posting Freak
I'm not worried about him. He's just another crook in a long line of crooks. Because there are worse crooks out there doesn't make him less of a crook.

Monchoon, JustinHEMI, vtmax and 3 others like this post
#13

Member
Woodstock, VT
(This post was last modified: 11-28-2016, 12:46 AM by vtmax.)
I understand how widespread the problem is. Marko said it above. Also this is a shaving forum and Stansberry owns a company that makes a razor mentioned here.

Construction, auto, pharmaceutical fraud and on can be discussed elsewhere. All shaving here.

Freddy likes this post
#14
(11-28-2016, 12:14 AM)Marko Wrote: I'm not worried about him. He's just another crook in a long line of crooks. Because there are worse crooks out there doesn't make him less of a crook.

I understand. Its when I see this complaint, and then people go buy from the "other" companies that might be crooks, I find hypocrisy. I have no idea who buys what but if one refuses to buy from a company because of this, then that means the same is true for Whole Foods, VW, and all the companies ever convicted of a similar offense. That might leave few companies to choose from.

Marko likes this post
#15

Super Moderator
San Diego, Cal., USA
(11-28-2016, 01:19 AM)grim Wrote:
(11-28-2016, 12:14 AM)Marko Wrote: I'm not worried about him. He's just another crook in a long line of crooks. Because there are worse crooks out there doesn't make him less of a crook.

I understand. Its when I see this complaint, and then people go buy from the "other" companies that might be crooks, I find hypocrisy. I have no idea who buys what but if one refuses to buy from a company because of this, then that means the same is true for Whole Foods, VW, and all the companies ever convicted of a similar offense. That might leave few companies to choose from.

grim, you are beginning to pull your own thread off its rails, along with help from other well meaning posters.  Gents, let's take this back to grim's original intent.  Where this is leading now has been discussed before and while relevant to the company itself does not really answer the posed question.

Matsilainen, Marko, wyze0ne and 1 others like this post
#16
I think they are setting up to liquidate and close the doors soon by going on Amazon. YMMV

brucered likes this post
#17

Member
Las Vegas, NV, USA
There’s a one star review submitted by a OneBlade customer on Amazon. The review itself is quite interesting, but equally interesting is this response by a OneBlade representative:

Quote:The price of the OneBlade Razor was increased for several reasons which we're happy to discuss. For one, we spent another round of R&D this past year, refining the razor to our newest model. As such, we're now using an even higher-grade stainless steel material and we've also made slight adjustments to the latching system of the razor head, which we feel helps to deliver a more mild shaving experience. In addition, we've made enhancements to our overall manufacturing and fulfillment process, and have also expanded our internal support team to ensure that we're always providing a top tier luxury experience for every customer.

grim likes this post
Whenever I go to shave, I assume there’s someone else on the planet shaving, so I say “I’m gonna go shave, too.”
– Mitch Hedberg
#18
OK now that is an answer, thanks

Matsilainen likes this post
#19

Member
Nashville, TN
I think their motivation can be explained in one word: Greed

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#20

Sophisticated Stooge
Corpus Christi, TX
There's a very common mentality that associates high cost with high quality. I have a cousin that came into this little hobby of ours by purchasing the OneBlade. I tried talking him into other really great razors at a fraction of a the cost and with more blade options, but I was dismissed when he saw the "lower cost" of the alternatives. This same guy stockpiles PRS and Martin Guitars, so that the "quality" can hang on the walls...

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