Thread regarding Digital River Inc. layoffs

they deserve to be in court for this...

this whole thng is unbelievable. digital river didn’t just go under. they straight up stole from us. they kept the money customers paid for our products and just never sent it. months of payments missing. they knew exactly what they were doing. strung us along like everything was fine and then bo-m minus insolvency no warning no announcement nothing... silence...

they were trading while insolvent since at least july. that's fraud plain and simple. they sent out license keys to customers so people have legit copies of our software but we get nothing. meanwhile the execs they walk away with fat pockits.

and barry kasoff this was the plan from day one. whistleblowers called it to the exact date. instead of trying to fix things they just lied and kept raking in money. this is a criminal act under german law. no limited liability protections if it was planned deception and guess what that’s exactly what this was.

where’s the announcement. where’s any responsbility. instead they just let employees go left vendors scrambling and basically told everyone to f-off. they didn’t care about their partners their employees their customers. they just wanted to squeeze every last dollar out minus pulling the plug.

we need to take legal action. if you’re owed money report this as fraud to your bank credit card paypal minus whoever. people are already talking about lawsuits and they should be worried. this doesn’t just go away.

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| 1561 views | | 5 replies (last March 13, 2025) | Reply
Post ID: @OP+1jjw5jjkp

5 replies (most recent on top)

Barry L. Kasoff is a criminal

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Post ID: @64t+1jjw5jjkp

Digital River's web page has been taken down for good. No host. It's done. Cheers to all that grew that company just so a person with no soul can strip, sell, and freeze funds for his own gain.

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Post ID: @208+1jjw5jjkp

There are so many small and large software companies affected worldwide that have not received any money since July 2024, but whose products were happily sold on to customers by DR until the end of January 2025.

This is called theft. Even in the US!

And I suspect that the customers of these software companies who are now using this software don't even understand the problem, because they paid for it. It's just that the software companies simply didn't get any money for it...

But hey.. it's not really a problem if a few small software companies are now facing bankruptcy and can't pay their employees! Irony off...

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Post ID: @vt+1jjw5jjkp

I guess nothing will happen. Kasoff has done this multiple times already, so he knows how to do it without being sued...

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Post ID: @nw+1jjw5jjkp

Yes, I too think they've actually been insolvent already since July 15th. Most merchants haven't reveived ANY money anymore since then. If you can't pay your oblications as a company you're insolvent. Period. Nevertheless they kept trading all the months afterwards until two days ago (January 28th), and permanently lied to the merchants, telling it's a temporary issue and will be fixed soon. Thsi is intentional deception. Both of it is clearly a criminal act and even should be an ex officio crime. So it should be treated by public supervisory authorities. But he-l yeah, don't expect German authorities sueing an US owner. They rather s**t in their pants.

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Post ID: @a2+1jjw5jjkp

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