Overview
- Cleverbuy has stopped all buying and selling and told customers not to send devices, with its website showing only a shutdown notice.
- The company says it filed for insolvency, though regional reporting notes the Krefeld court had no public record of a filing in recent checks.
- Talks to transfer the Cleverbuy brand and parts of the business to DIS-CONNECT GmbH were held but have collapsed for now.
- Prosecutors report more than 1,000 criminal complaints, Apple and Samsung have also complained, and the CEO is in pretrial custody.
- A trial in Krefeld targets 115 alleged unpaid purchases since 2022 totaling about €73,635.70, and many customers cannot reach the firm or get overdue payouts.