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General Stock Discussion / Sh#t hits the fan again at iStockphoto
« on: March 10, 2011, 19:05 »
rogermexico
Posted Wed Mar 9 2:27PM
Quote
A week from today we will be doing another lump removal of royalties attributed to verified fraudulent downloads that occurred in January and February 2011. We will send out an email tomorrow (March 10) to everyone affected, detailing the downloads affected and the amounts that will be removed for each one. We will remove these royalties on March 17.
The bulk of the unauthorized downloads in question took place in January. Since then we have seen a significant reduction in fraud. The amount of royalties removed for February was only about 10% of January.
We know how difficult it is to find out that royalties were fraudulent a month after the fact. We do not plan to do another mass pull of royalties like this again.
For more read the forum discussion here at http://www.istockphoto.com/forum_messages.php?threadid=312142&page=1
Posted Wed Mar 9 2:27PM
Quote
A week from today we will be doing another lump removal of royalties attributed to verified fraudulent downloads that occurred in January and February 2011. We will send out an email tomorrow (March 10) to everyone affected, detailing the downloads affected and the amounts that will be removed for each one. We will remove these royalties on March 17.
The bulk of the unauthorized downloads in question took place in January. Since then we have seen a significant reduction in fraud. The amount of royalties removed for February was only about 10% of January.
We know how difficult it is to find out that royalties were fraudulent a month after the fact. We do not plan to do another mass pull of royalties like this again.
For more read the forum discussion here at http://www.istockphoto.com/forum_messages.php?threadid=312142&page=1
