News Mallick Ordered to Pay $12M in Breach-of-Contract Suit - GoFuckYourself.com

DVTimes · 06-24-2014, 03:23 AM

Chris Mallick, the former operator of online processor ePassporte who later produced Hollywood films, has been ordered to pay $12 million for failing to uphold his settlement with Fire Glow Holding Inc., which alleged he lied about his net worth to obtain a loan to finance films.

Greg Elias, the managing director of Fire Glow Holding, alleged in the case that Mallick lied about the purpose of a $15 million loan and the value of his own holdings, including ePassporte, before squandering the funds on a botched film project, according to a report on Law360.

That mainstream project was "Middle Men," the story of the rise to fortune through the creation of an online payments processing company. The film, with a budget of $20 million, was released in the U.S. in August 2010 and garnered $750,000 at the box office.

On Friday, Los Angeles Superior Court Judge Maureen Duffy-Lewis granted a motion by Fire Glow that "entered the consent judgment requiring Mallick to pay ... $12 million," according to Law360.

?Mallick's representations regarding his net worth, the purpose of the loan, the value of ePassporte and the proposed sale thereof were false when made, and were made with the intent to deceive Fire Glow and induce it to make the loan,? the original complaint said.

Mallick solicited the loan from Elias, the suit said, claiming that he needed the money to pay off a divorce settlement with his ex-wife.

Mallick said he would give Elias a cut of ePassporte's cash flow while the loan remained outstanding, and that the potential sale of the company would cover Mallick's debt, according to allegations.

Mallick, at the time, said that the processor had been valued by a potential buyer at $80 million. But in September 2010, Visa Inc. had severed its relationship with ePassporte, with the company dissolving the next month.

Elias later learned that Mallick had actually settled his divorce for $6.1 million, according to the complaint.

?Mallick used the loan proceeds or most of them for purposes other than the [divorce settlement] including investments in risky movie productions, and had the intent to do so at the time he negotiated the loan,? the complaint said.

Mallick did make a partial payment of $3 million to Fire Glow in August 2008, but he has indicated he would be unable to pay the remaining balance, according to the suit.

?As a direct and proximate cause of Mallick's false representations, Fire Glow now holds a worthless loan with a balance due of $12 million from an obliger who claims to have no ability to repay the loan,? the complaint said.

http://www.xbiz.com/news/181009

rowan · 06-24-2014, 05:19 AM

Possibly the only useful thread you've posted this year. Bump.

slapass · 06-24-2014, 05:43 AM

It is odd they wouldn't just sue him to perform versus try and prove fraud.

pornguy · 06-24-2014, 05:56 AM

They wont get shit. Im certain he is either broke or the money is extremely well hidden. so now they have to hire a collections agency.

Markul · 06-24-2014, 06:27 AM

As Nelson would put it: HA HA!

donedeal · 06-24-2014, 07:03 AM

He deserves to be ruined

lucas131 · 06-24-2014, 07:05 AM

almost a news ...

https://gfy.com/showthread.php?t=1143759

Dirty D · 06-24-2014, 07:23 AM

Fucker should go to jail for FRAUD

anexsia · 06-24-2014, 08:52 AM

I can't believe he thought that the public would actually care about someone running an obscure adult payment processor - he's one of those people who use borrowed money and loans to try to keep living a lie, chances are it will all catch up to him in good time.

FreeHugeMovies · 06-24-2014, 09:07 AM

Quote:

Originally Posted by rowan

Possibly the only useful thread you've posted this year. Bump.

PornDiscounts-V · 06-24-2014, 09:33 AM

How much grief did we all give Elias? Haha. And he was just one of us.

AsianDivaGirlsWebDude · 06-24-2014, 01:28 PM

Quote:

Originally Posted by vvvvv

How much grief did we all give Elias? Haha. And he was just one of us.

One of us?

Elias was in on the whole scam, and wouldn't be saying shit if Mallick's ego movie had not been such a monumental box office flop.

I say middle fingers to all of the Middle Men - fuck them both!

ADG

Chosen · 06-24-2014, 04:20 PM

mineistaken · 06-24-2014, 04:44 PM

Quote:

Originally Posted by rowan

Possibly the only useful thread you've posted this year. Bump.

Alex21 · 11-04-2014, 04:12 AM

Anything else on the Mallick radar? I miss this guy and his service.. he used to be cool, what happened? Had some CB's done on my VV few years before epass flopped and they didn't charge me per CB like Paxum do..
Although that may have been a scam to get us to use the 'wallet' since it was a few months before that awesome life-saving feature was introduced

Still got the last ePassporte electron card his minions sent me in pristine condition still glued to the letter

TeenCat · 11-04-2014, 04:17 AM

Quote:

Originally Posted by Alex21

Anything else on the Mallick radar? I miss this guy and his service.. he used to be cool, what happened? Had some CB's done on my VV few years before epass flopped and they didn't charge me per CB like Paxum do..
Although that may have been a scam to get us to use the 'wallet' since it was a few months before that awesome life-saving feature was introduced

Still got the last ePassporte electron card his minions sent me in pristine condition still glued to the letter

congrats and have luck

Alex21 · 11-04-2014, 04:20 AM

Quote:

Originally Posted by TeenCat

congrats and have luck

and A Merry Christmas to you

TurboAngel · 11-04-2014, 05:01 PM

I hope he gets what he deserves.

artwilliams · 11-04-2014, 07:22 PM

Money is in motion.

sandman! · 11-04-2014, 07:32 PM

im sure he is hiding some $$$ somewhere

pornmasta · 11-04-2014, 07:40 PM

I posted in this thread and btw ... guess... just below, just below:

crockett · 11-04-2014, 08:24 PM

Quote:

Originally Posted by pornopete

So he made off with at 15million dollar loan and the epass money?

Sounds like he spent it all on his shitty film that only made $700k..

Hopefully his wages are garnished for life and he can't even get a shitty used car loan..

Zyber · 11-04-2014, 09:04 PM

Quote:

Originally Posted by DVTimes

...
Mallick said he would give Elias a cut of ePassporte's cash flow while the loan remained outstanding, and that the potential sale of the company would cover Mallick's debt, according to allegations.
...
http://www.xbiz.com/news/181009

I know this is an old article, but this sentence caught my eye.

So Greg Elias said in court that Mallick had promised him money from ePassporte's cashflow. He basically told the court that they had conspired to embezzle ePassporte's funds.

Did Greg Elias or Chris Mallick ever get charged for this? Sounds like a confession from Elias.

HiddenDoorCash · 11-06-2014, 12:11 PM

where is Mallick?

PAR · 11-06-2014, 01:51 PM

He is currently living in LA
http://www.linkedin.com/in/christophermallick

xXXtesy10 · 11-06-2014, 02:24 PM

Quote:

Originally Posted by HiddenDoorCash

where is Mallick?

does matter? what you do? nothing

lagcam · 11-06-2014, 10:28 PM

Quote:

Originally Posted by Zyber

I know this is an old article, but this sentence caught my eye.

So Greg Elias said in court that Mallick had promised him money from ePassporte's cashflow. He basically told the court that they had conspired to embezzle ePassporte's funds.

Did Greg Elias or Chris Mallick ever get charged for this? Sounds like a confession from Elias.

classic Zyber. It is a good job you post "anonymously" man.

The Porn Nerd · 11-06-2014, 11:00 PM

So....the only "winner" here is Mallick's ex-wife who got $6 mil in the divorce?

Bitches!

Alex21 · 11-06-2014, 11:31 PM

He's not hiding. He writes promissory notes he won't honor and claims his reputation has been damaged with sites posting up pictures of him asking where their -safe- monies are/went..

Alex21 · 11-06-2014, 11:34 PM

Quote:

Originally Posted by The Porn Nerd

So....the only "winner" here is Mallick's ex-wife who got $6 mil in the divorce?

Bitches!

And his kids who attend fancy colleges

Alex21 · 11-07-2014, 03:23 AM

Quote:

Originally Posted by pornmasta

I posted in this thread and btw ... guess... just below, just below:

To this day I haven't seen Middle Men.. maybe its time

blackmonsters · 11-07-2014, 10:49 AM

So he makes his 1st movie for mils of dollars during the worst time in history for piracy;
makes it about back end processes on a website and he wrote the screen play before anyone was shot

......

win win win.

MrTrollkien · 11-07-2014, 08:31 PM

Congrats for the winners.

06-24-2014, 03:23 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Mallick Ordered to Pay $12M in Breach-of-Contract Suit Chris Mallick, the former operator of online processor ePassporte who later produced Hollywood films, has been ordered to pay $12 million for failing to uphold his settlement with Fire Glow Holding Inc., which alleged he lied about his net worth to obtain a loan to finance films. Greg Elias, the managing director of Fire Glow Holding, alleged in the case that Mallick lied about the purpose of a $15 million loan and the value of his own holdings, including ePassporte, before squandering the funds on a botched film project, according to a report on Law360. That mainstream project was "Middle Men," the story of the rise to fortune through the creation of an online payments processing company. The film, with a budget of $20 million, was released in the U.S. in August 2010 and garnered $750,000 at the box office. On Friday, Los Angeles Superior Court Judge Maureen Duffy-Lewis granted a motion by Fire Glow that "entered the consent judgment requiring Mallick to pay ... $12 million," according to Law360. ?Mallick's representations regarding his net worth, the purpose of the loan, the value of ePassporte and the proposed sale thereof were false when made, and were made with the intent to deceive Fire Glow and induce it to make the loan,? the original complaint said. Mallick solicited the loan from Elias, the suit said, claiming that he needed the money to pay off a divorce settlement with his ex-wife. Mallick said he would give Elias a cut of ePassporte's cash flow while the loan remained outstanding, and that the potential sale of the company would cover Mallick's debt, according to allegations. Mallick, at the time, said that the processor had been valued by a potential buyer at $80 million. But in September 2010, Visa Inc. had severed its relationship with ePassporte, with the company dissolving the next month. Elias later learned that Mallick had actually settled his divorce for $6.1 million, according to the complaint. ?Mallick used the loan proceeds or most of them for purposes other than the [divorce settlement] including investments in risky movie productions, and had the intent to do so at the time he negotiated the loan,? the complaint said. Mallick did make a partial payment of $3 million to Fire Glow in August 2008, but he has indicated he would be unable to pay the remaining balance, according to the suit. ?As a direct and proximate cause of Mallick's false representations, Fire Glow now holds a worthless loan with a balance due of $12 million from an obliger who claims to have no ability to repay the loan,? the complaint said. http://www.xbiz.com/news/181009 __________________ The Affiliate Program

06-24-2014, 05:56 AM	#4
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	They wont get shit. Im certain he is either broke or the money is extremely well hidden. so now they have to hire a collections agency. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-24-2014, 07:23 AM	#8
Dirty D Confirmed User Join Date: May 2002 Location: Paying Webmasters Millions Since 1999 Posts: 4,044	Fucker should go to jail for FRAUD __________________ Dirty D - ICQ #1326843 - $1 Million Dollars of Bonus Money - 8,000+ FHG! Glory Hole Girlz - Crack Whore Confessions - Tampa Bukkake - Slut Wife Training - Fuck a Fan Electricity Play - Porn Video Drive - Theater Sluts - Skunk Riley - Ukraine Amateurs - Strapon Sessions

06-24-2014, 09:33 AM	#11
PornDiscounts-V Confirmed User Industry Role: Join Date: Oct 2003 Location: L.A. Posts: 5,744	How much grief did we all give Elias? Haha. And he was just one of us. __________________ Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network * Handwritten * 180 C Class IPs * Permanent! * Many Niches! * Bulk Discounts! GFYPosts /at/ J2Media.net

11-04-2014, 07:22 PM	#19
artwilliams Confirmed User Join Date: Aug 2004 Posts: 252	Money is in motion. __________________ Adult Hosting From US$2.24/month 01000111 01101111 00100000 01000110 01110101 01100011 01101011 00100000 01011001 01101111 01110101 01110010 01110011 01100101 01101100 01100110

06-24-2014, 05:19 AM	#2
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Possibly the only useful thread you've posted this year. Bump.

06-24-2014, 05:43 AM	#3
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	It is odd they wouldn't just sue him to perform versus try and prove fraud.

06-24-2014, 06:27 AM	#5
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,401	As Nelson would put it: HA HA!

06-24-2014, 07:03 AM	#6
donedeal Registered User Industry Role: Join Date: Apr 2012 Posts: 40	He deserves to be ruined

06-24-2014, 07:05 AM	#7
lucas131 ¯\_(ツ)_/¯ Industry Role: Join Date: Aug 2004 Posts: 11,475	almost a news ... https://gfy.com/showthread.php?t=1143759

06-24-2014, 08:52 AM	#9
anexsia Confirmed User Industry Role: Join Date: May 2010 Posts: 5,735	I can't believe he thought that the public would actually care about someone running an obscure adult payment processor - he's one of those people who use borrowed money and loans to try to keep living a lie, chances are it will all catch up to him in good time.

06-24-2014, 04:20 PM	#13
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151

11-04-2014, 04:12 AM	#15
Alex21 Confirmed User Industry Role: Join Date: Sep 2014 Posts: 384	Anything else on the Mallick radar? I miss this guy and his service.. he used to be cool, what happened? Had some CB's done on my VV few years before epass flopped and they didn't charge me per CB like Paxum do.. Although that may have been a scam to get us to use the 'wallet' since it was a few months before that awesome life-saving feature was introduced Still got the last ePassporte electron card his minions sent me in pristine condition still glued to the letter

11-04-2014, 05:01 PM	#18
TurboAngel H.B.I.C. Industry Role: Join Date: Jun 2003 Location: NC Posts: 30,122	I hope he gets what he deserves.

11-04-2014, 07:32 PM	#20
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	im sure he is hiding some $$$ somewhere __________________ Need WebHosting ? Email me for some great deals [email protected]

11-04-2014, 07:40 PM	#21
pornmasta Too lazy to set a custom title Join Date: Jun 2006 Posts: 19,200	I posted in this thread and btw ... guess... just below, just below:

11-06-2014, 12:11 PM	#24
HiddenDoorCash Confirmed User Industry Role: Join Date: Jan 2014 Posts: 471	where is Mallick?

11-06-2014, 01:51 PM	#25
PAR Confirmed User Industry Role: Join Date: May 2005 Posts: 1,835	He is currently living in LA http://www.linkedin.com/in/christophermallick

11-06-2014, 11:00 PM	#28
The Porn Nerd Living The Dream Industry Role: Join Date: Jun 2009 Location: Inside a Monitor Posts: 19,604	So....the only "winner" here is Mallick's ex-wife who got $6 mil in the divorce? Bitches! __________________ My Affiliate Programs: Porn Nerd Cash \| Porn Showcase \| Aggressive Gold Over 90 paysites to promote! Now on Teams: peabodymedia

11-06-2014, 11:31 PM	#29
Alex21 Confirmed User Industry Role: Join Date: Sep 2014 Posts: 384	He's not hiding. He writes promissory notes he won't honor and claims his reputation has been damaged with sites posting up pictures of him asking where their -safe- monies are/went..

11-07-2014, 10:49 AM	#32
blackmonsters Making PHP work Industry Role: Join Date: Nov 2002 Location: 🌎🌅🌈🌇 Posts: 20,530	So he makes his 1st movie for mils of dollars during the worst time in history for piracy; makes it about back end processes on a website and he wrote the screen play before anyone was shot ...... win win win. __________________ Make Money with Porn

11-07-2014, 08:31 PM	#33
MrTrollkien So Fucking Banned Industry Role: Join Date: Mar 2014 Location: Germany Posts: 2,360	Congrats for the winners.