Albert Liske, former CEO of Bidsson, announced on February 11th that his "Bidify Fraud" website would cease publication following an "amicable resolution" with Bidify. Liske stated the agreement involved no exchange of value between the parties.
Just over two weeks prior, the website began publishing allegations against Bidify and Bidsson's business practices. Liske confirmed he was the source of these claims, which he stated included tangible proof.
Bidify responded quickly. The company's lawyers at Thompson Burton issued a public statement. They called Liske's claims "mudslinging" and dismissed him as a "disgruntled executive," but did not address specific allegations.
The Thompson Burton statement concluded, "Bidify is prepared to fight to protect its business model and user base from false and malicious attacks. By way of litigation, the truth will be revealed about Liske's true intentions."
Cole Dowsley of Thompson Burton then sent Liske a cease and desist letter. It threatened "further legal action" if Liske did not comply.
Liske publicly defied the demand on January 29th. He stated, "Will I cease and desist? Certainly not! I will not rest until members start receiving refunds from these Criminals. In fact I welcome the litigation they are threatening and will counter sue them on behalf of all the members who have invested into this scam."
He continued to publish information. His last posts on February 4th included two YouTube videos mocking the company's Ponzi scheme nature. These videos and their accompanying article were removed from the site less than 24 hours later.
The shift came on February 11th. Liske announced the site's closure, stating, "On February 11th, Bidify and I reached an amicable resolution. As part of this resolution, neither party exchanged anything of value. I did not pay them; they did not pay me. We both decided it would be best if we went our separate ways and conducted our businesses accordingly." Liske added his hope that Bidify would "continue to honor their commitments to the older affiliates by paying their money back."