I have a question I haven't seen addressed. It might have been, I just haven't seen it. Perhaps I should ask over at DA or SBTB, but I'm more comfortable in this setting and you never know, someone might answer.
EC isn't the only epublisher to go into meltdown. It's happened to others with just as much scandal and you can be sure it'll happen again. Unfortunately I don't remember their names, a hazard of being a small, dishonest epub, but Absolute Write will have them.
Here's the thing. I've never heard of any legal sequellae because of epub skulduggery. The epubs just go away. No one is arrested for fraud or stealing or bad business practices or anything.
See, my observation is epubs seem to attract crazies who want quick money, or just a lot money period and get it by starting their own publishing house. They'll milk the cow for awhile, do everything they can to keep the left hand from knowing what the right hand is doing such as threatening authors and playing fast and loose with money. Then, after squeezing everything they can from every person they control, they'll declare bankruptcy and slink off into the night. Or start another epub a couple of years later.
Was it Barnum who said there's a sucker born every minute? Well, there's a writer yearning to be published born almost as often and unfortunately many of them are shark bait. If there's anything I've learned from all this, it's BEWARE! Double and triple check your research and read that contract carefully. (Of course contracts don't always matter to a dicey epub, so sign at your own risk. I think it safe to say most epub authors would not choose to sue over a contract dispute because principles can be so expensive!)
I do want to say that the epub who accepted my manuscripts, Lyrical Press, and edited and published them, was a joy to work with. I was lucky because I did no research at all. At all! Beginner's luck. Lyrical is now with Kensington and I wish them well.
So, was anyone ever arrested or is all this perfectly legal?