Usacomplaints.com » Electronics and household app. » Complaint / Review: George Schultze - Schultze Asset Management, Tweeter Electronics - George Schultze - Schultze Asset Management - Tweeter Electronics George Schultze owns Tweeter Electronics. He made the decision to confiscate deposit money placed down by customers rather than refund before a bankruptcy. #436741

Complaint / Review
George Schultze - Schultze Asset Management, Tweeter Electronics
George Schultze - Schultze Asset Management - Tweeter Electronics George Schultze owns Tweeter Electronics. He made the decision to confiscate deposit money placed down by customers rather than refund before a bankruptcy

George J. Schultze is the Owner of Tweeter, which was an electronics superstore. Tweeter declared bankruptcy in Nov. I had an agreement drawn up with tweeter to have a TV installed in my home prior to the bankruptcy. I placed 2,500 down via check to hold my merchandise for installation a few weeks later. I paid via cash because I was fortunate enough to get a bonus that month and decided that paying cash was the right thing to do. I was then advised by a sales person a week later that Tweeter was going bankrupt and he would have my deposit refunded to me as soon as a check could be cut. Conveniently for Tweeter, they didnt have "time" to cut my check and I was now suddenly a donator to their bankruptcy fund. Not only did Mr. Schultze make the decision to steal my deposit money, he also was able to sell the TV which was ear marked and ordered for me, and get twice the money. He then turned around and paid his largest creditor Wells FArgo with the cash he stole from other sucker customers who did not get their deposits back. I took Mr. Schultze to civil court, but the local judge could not over rule a federal bankruptcy judge. The judge was very interested in how poorly things were handled, but his hands were tied. All Mr. Schulzes lawyer had to do was show up and say he was under bk protection. Mr. Schulze is hiding behind the corporate veil of Tweeters bankruptcy. Rather than being a stand up citizen and refunding a simple consumers money to them, he opted to steal it to line his bankruptcy coffers, and then had the balls to take the money and pay someone else. I am not a corporation, nor am I a multi millionaire like Mr. Schultze.

Beware of his company called SAMCO. They are investors and hedge fund providers who engage in squirrelly investments, and they will not hesitate to steal your money either. Why a multi millionaire could not find it in his heart to refund my $2,500.00 that i got absolutely NOTHING for, is beyond me other than that he must have a heart of stone. Thank you Mr. Schultze for stealing money from me and my family and I hope one day you get whats coming to you.



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