Quote:
Originally Posted by Miura
That could be untrue. If Visa and MC fined them heavily for processing CP and underage crap they weren't supposed to process for in the first place (non-compliance), then say goodbye to the cash.
This goes without mentioning the CB fines because nervous webmasters are trying to get (uselessly) back at them. The only possible action on our part would be a negligence suit against the directors of the company for mismanagement and nothing else. Its a very delicate situation... and I can't post more here but one day I'll lay it all out and everybody will get the full story. For now, the important thing is trying to get paid. This can happen believe it or not. Some of us did get paid a nice chunk and that includes me but don't ask me based on which criteria because I don't have any idea!
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Correct.
Their merchant bank freezes the funds in anticipation of the fines from VISA, and MasterCard. The fines are paid out of the ffrozen funds, and THEN monies are paid.
In essence, anyone Howard says is getting paid in 6 months time per their T.O.S. (which they negated by locking people out of control panels, and cutting off access) or whatever that horseshit was he was telling people is a all out lie.
There will not be any money then.
He's simply selectively picking and choosing who he pays. For example, Pete K-T received thousands and was paid in full. Plenty of others are owed $1500, $2000, and so on and haven't received a cent. A lot of Canadian webmasters supposedly have been paid. I would guess those within driving distance to Montreal.
So those being told that 'once the funds are released' shit can just write off the loss on their taxes. Assuming Howard EVER gives you access in the first place.
