TradeCraft
Active Member
Many have accused Anovos of running a Ponzi scheme or taking people's money with no intention of delivering.
Communication has been spotty for a few years. Others have complained about slow refunds and slow delivery of in stock items for quite a while.
It sounds like they have cut back on their customer support staff which wasn't great to begin with.
Hopefully they are focusing on getting items produced and delivered. Even if they send out updated delivery estimates there is so much scepticism about the accuracy that it is pretty much a waste of effort. They need to start actually delivering more items to get some faith back.
I believe "going dark" usually means there is no sign of activity at all. They have been bad about responding to things like requests for refunds and requests for updates, but they have had some signs of still being active. The lack of updates on their Facebook site or a Labor Day sale seems strange.
Yes, some have indeed likened Anovos to a Ponzi scheme, but I don't think anyone is saying the company started with that intent. Do realize, that in some ways a Ponzi scheme is in fact what they have become. Regardless of original intent, a Ponzi scheme by definition relies on the funds of new investors to reward or pay off early adopter's investments. Some companies have tried to buy their way out of debt, only to get deeper and deeper, and get caught up in the lie become to become a Ponzi Scheme.
The fact is, Anovos bet big on an expensive license and cheap overseas production with very little ROI and razor thin profits. As products have not met Quality Control and failed Lucasfilm approval, they started loosing money on production. After multiple failed overseas production attempts, they are now bringing more products to stateside production, not all with better manufacturing results. They are loosing money on may production runs, and trying to sell new preorders to fund final production of older orders. They cancelled the Jyn scarf, because they didn't sell enough preorders and they couldn't cover the cost of the minimum order of 250 units.