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Also just found out that TradeMe shut down my account due to inactivity, and took my money. Is this legal? If so, the law needs changing.
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@lnxw48a1 I just emailed the new Minister of State Owned Enterprises. I will be ringing the bank tomorrow to let them know what I think too
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@xurizaemon all the links in the email point to #trademe.co.nz URLs so I think it's legit. I also thinks it's a predatory business practice
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@xurizaemon arbitrarily closing a customer's account and keeping their money seems like something that shouldn't be legal ever.
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@xurizaemon like any corporate psychopath, if it's legal for TradeMe to pocket your money they will grow their capital by doing just that.
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@xurizaemon that's why legal systems that (foolishly?) allow synthetic psychopaths to exist should ensure pocketing money is always illegal
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@xurizaemon the problem is that TradeMe are allowed to force people to bank money with them, to use services that don't actually cost money