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Myriad Network having a myriad of problems

Thu, 25th February 2010, 21:35

It seems Myriad Network / EMC telecom are having a myriad of problems, mostly of the financial sort. I found this interesting post about the two while traversing the net -- we had written about how Myriad Network had been sold off to EMC telecom back in the day but now it seems the purchasing party never did pay up.

Worse, it seems they haven't paid their bandwidth bills to Cavecreek, their uplink as of yesterday and have been offline since as a result. The 'official' story is that they lost one of their core uplinks as a result of failed hardware. The proof is in the pudding however: Myriad Network / EMC telecom having a myriad of problems

In lieu of whatever lawsuit could follow as a result of these statements, understand that from what I've heard through the grapevine regarding EMC Telecom having shafted the ex-owners out of almost 100% of the payments owed to them for Myriad Network, it's a very sad situation. 100% of the previous team involved had a truly deep love for 100% of their clientbase and EMC telecom / the new Myriad Network owners simply acquired the company without paying a single dime while screwing every party involved. That's the honest truth from trusted, anonymous sources.

It's little surprise that EMC telecom is currently attempting to also screw their upstream provider out of over $25,000 in owed bills.
Update: It looks like they owe Chase bank $200,000 as well, interesting.

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