My Harvest America Files For Bankruptcy – Many Left Holding Worthless Cards

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Is this another scam?

Due to circumstances beyond our control, My Harvest America, Inc. has been forced to file for protection under Chapter 7 Bankruptcy. Further information for claims will be forthcoming from the US Bankruptcy Court, May 27, 2011. Case # 2:11-bk-15482″. That is the message My Harvest America Inc. posted on their website.

My Harvest America, enabled ‘customers’ to purchase $300 face value gift cards at $225.00, but thousands – including many in Frum communities – are now left holding thousands of dollars ‘worth’ of cards, which are now valueless.

The company, founded in December of 2009 and advertised in many Frum publications, has no further information on their website, but many are saying this appears to be just another scam, gone up in smoke.

(Source: TLS)




14 COMMENTS

  1. The story is told of the man who sought the advice of the Chazon Ish about what appeared to be a great business opportunity; a ship load of sardines for a quarter of the going price. The Gaon advised him against it. A few weeks later it was discovered that the entire shipment was spoiled. If not for the Ruach HaKodesh of the Chazon Ish this man could have lost a fortune. The Rav denied such levels. He explained that nobody gives away something for nothing.

  2. There was another similar scam like this in the Frum community around 10 years ago. It was a rebate website where you would buy electronics for 10x the real cost, but the company would rebate the money back to you over the course of a year.

    Lesson: if it sounds too good to be true, it probably is.

  3. I must have missed their advertisements. What service was this company providing with the sale of cards these for $225? What were you suppopsed to do with these cards? Did they explain how they were making money, or benefiting someone by selling an item they claim was worth $300 for $225?

  4. Only a fool would take seriously an offer to give you an amount of money in return for a lesser amount of money. And a frum fool, would realize that it is probably ribis (you loan them $225 and they repay you with $300).

  5. information on how it worked – you where supposed to go on their website, and buy the a 300$ gift card with your debit or credit card, you where able to do so only once each month, their logic was to bring traffic to their site, instead of paying for advertisement and search engines they brought traffic to their site with this innovative way, I’d did work for a long time, and people saved a lot of money.

  6. No. 13: You remind me of the two guys in the old joke who buy oranges for $1.00 a pound in Florida, ship them to New York and sell them in New York for $1.00 a pound. They figure they can make a profit if they get the volume high enough.