Thank you Chris Mallic

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  • Jdoughs
    Confirmed User
    • Mar 2004
    • 5794
    #121
    Sleazy, stepping up to his crown as GFY fucktard.

    Grats you fucking idiot.

    I actually drove through Gimli this summer, and stopped to piss on the road in your honor.
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      • SleazyDream
        I'm here for SPORT
        • Jul 2001
        • 41470
        #122
        Originally posted by Brad Mitchell
        Scott... I love ya, but this thread is awfully ill conceived. He ran a money transfer service into the ground. We will eventually learn what really happened, but he had no rights to any of the funds in Epassporte other than fee revenue. Nobody owes him any thank you, Epassporte did not create opportunity - nor did it take any lending risk. If there is anything but small dollars that get unsettled, perhaps a last million or two for operational burn, he owns that. We are talking tens to a hundred million perhaps (nobody knows) that is inaccessible. Hopefully, one way or another funds find their way to their respective owners.

        Brad
        maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

        Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

        Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

        i don't think I'd be ragging on Chris for a least a few months
        This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

        Now read without the word dog.

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          • Jdoughs
            Confirmed User
            • Mar 2004
            • 5794
            #123
            Originally posted by SleazyDream
            maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

            Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

            Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

            i don't think I'd be ragging on Chris for a least a few months
            He hasn't even made a statement, he left for Cabo instead.

            Guy is a complete thief.
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              • gumdrop
                Confirmed User
                • Feb 2005
                • 482
                #124
                As some pointed out at Krebs:

                Ok, they will give back the money, but what about all pèople who have little money in epassporte who will never take back this money? i talk about the people with just 10-20-30-40 dollar in epassporte wallet….

                Let’s assume a 20 dollars/account * 100.000 accounts (i don’t know how many account are in epassport sistem, i guess after 7 year in activities at least are 100.000, maybe much more) = 2.000.000$ they will never “give back”.
                http://krebsonsecurity.com/2010/09/f...porte-edition/
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                  Comment

                  • lagcam
                    Confirmed User
                    • Jul 2007
                    • 2890
                    #125
                    Originally posted by Brad Mitchell
                    Scott... I love ya, but this thread is awfully ill conceived. He ran a money transfer service into the ground. We will eventually learn what really happened, but he had no rights to any of the funds in Epassporte other than fee revenue. Nobody owes him any thank you, Epassporte did not create opportunity - nor did it take any lending risk. If there is anything but small dollars that get unsettled, perhaps a last million or two for operational burn, he owns that. We are talking tens to a hundred million perhaps (nobody knows) that is inaccessible. Hopefully, one way or another funds find their way to their respective owners.

                    Brad
                    I think this is pretty much right.

                    Sleazy is also right that we should acknowledge and appreciate the ground that epassporte broke and that many of us benefitted from using it to disperse funds cheaply around the world, but the simple fact is that it wasn't a charity, it was a business and a lot of people trusted that business and have been inconvenienced by something that should never have been allowed to happen or allow to get "out of Mallick's control".

                    However until everybody with balances held in their real names or corporate accounts that can prove their identity has been paid out, such praise is premature and will only offend people with funds still being held hostage.

                    I hope that if anybody loses money, it is only those who probably contributed to epassporte's demise with their multiple and fake accounts.
                    Working Cam site for sale - NOT affiliate.

                      Comment

                      • superdio
                        Confirmed User
                        • Jun 2005
                        • 133
                        #126
                        -
                        Benito

                          Comment

                          • Forest
                            Confirmed User
                            • Aug 2001
                            • 9135
                            #127
                            Originally posted by SleazyDream
                            for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

                            Unfortunately things outside of Chris's control brought the company down. It happens.

                            I'm sad to see it go.

                            But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

                            At the end of the day - you did a lot more then most and don't let the whinny babies get you down.
                            is that chris' ass your kissing in your avatar?

                            if so your nose is still brown.

                              Comment

                              • MaDalton
                                I am Amazing Content!
                                • Feb 2004
                                • 39861
                                #128
                                Originally posted by gumdrop
                                As some pointed out at Krebs:



                                http://krebsonsecurity.com/2010/09/f...porte-edition/
                                the questions is who will be able to access the small amounts in VV - not Mallick, otherwise we would not have the problem now. they will be probably sitting at the bank forever
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                                  • SleazyDream
                                    I'm here for SPORT
                                    • Jul 2001
                                    • 41470
                                    #129
                                    Originally posted by Forest
                                    is that chris' ass your kissing in your avatar?

                                    if so your nose is still brown.
                                    it's ok, i know you're new here - that's lensman... founder of GFY - kissing MY ass
                                    This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

                                    Now read without the word dog.

                                      Comment

                                      • DavieVegas
                                        Confirmed User
                                        • Jun 2004
                                        • 6117
                                        #130
                                        Originally posted by SleazyDream
                                        for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

                                        Unfortunately things outside of Chris's control brought the company down. It happens.

                                        I'm sad to see it go.

                                        But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

                                        At the end of the day - you did a lot more then most and don't let the whinny babies get you down.
                                        Your a fuckin idiot....Why are you still on gfy has been? You have nothing to do with this biz anymore and no one liked you when you were relevant and they do not now.
                                        SKYPE#: davievegas - email: ddmedia702[at]mail[.]com

                                          Comment

                                          • SleazyDream
                                            I'm here for SPORT
                                            • Jul 2001
                                            • 41470
                                            #131
                                            Originally posted by MaDalton
                                            the questions is who will be able to access the small amounts in VV - not Mallick, otherwise we would not have the problem now. they will be probably sitting at the bank forever
                                            it's probally in the contract after X amount of years it goes back to epassporte
                                            This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

                                            Now read without the word dog.

                                              Comment

                                              • wyldblyss
                                                Confirmed User
                                                • Nov 2003
                                                • 5779
                                                #132
                                                Originally posted by SleazyDream
                                                for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

                                                Unfortunately things outside of Chris's control brought the company down. It happens.

                                                I'm sad to see it go.

                                                But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

                                                At the end of the day - you did a lot more then most and don't let the whinny babies get you down.
                                                I'm not hating on you, I'm just confused. Chris did not start epassporte for the good of the industry, he started it for the good of himself...others happen to benefit because it was a service.

                                                Chris did not follow the rules so the cards were deactivated. What rules he did not follow is still conjecture, but the fact is, had he kept all his ducks in a row, no one would be in this position.

                                                My dad used to say "a right never makes up for a wrong"

                                                  Comment

                                                  • SomeCreep
                                                    :glugglug
                                                    • Mar 2003
                                                    • 26118
                                                    #133
                                                    Originally posted by SleazyDream
                                                    so if the visa and remaining wallets eventually get paid out - is everyone here going to publicly apologize to Chris?

                                                    Or is everyone here ragging on Chris saying they were too dumb to know and understand that risk when they started using it?
                                                    damn dude, what planet are you living on?

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                                                      Comment

                                                      • Brad Mitchell
                                                        Confirmed User
                                                        • Nov 2001
                                                        • 9813
                                                        #134
                                                        Originally posted by SleazyDream
                                                        maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

                                                        Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

                                                        Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

                                                        i don't think I'd be ragging on Chris for a least a few months
                                                        I haven't been ragging on anyone, I've been hopeful for resolution. Epassporte was NOT a bank. It was not their business to lend money. They took no real financial risk, there is no right to having any liquidity issue that would extend beyond a few months of admin or operating expense which probably could total no more than a few million excluding whatever salary or draws Chris had himself on.

                                                        There were hundreds of millions at play here annually, my guess anyway. The judge of this situation is the grand sum of unpaid dollars when the cards are turned over. The float and money on deposit belongs to the depositors, not the money transfer service in my opinion.. at most, less some amount of real operating expenses excluding owner pay. Businesses do fail, sure, but this is a different kind of business with a unique responsibility to its customers and a fee base that was risk adverse.

                                                        Brad
                                                        Last edited by Brad Mitchell; 10-05-2010, 06:57 PM.
                                                        President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
                                                        71 industry awards for hosting and professional excellence since 1999

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                                                          • fris
                                                            Too lazy to set a custom title
                                                            • Aug 2002
                                                            • 55679
                                                            #135
                                                            Originally posted by mOrrI
                                                            Specially when hes doing another movie......
                                                            im sure it will fail just like middle men.
                                                            Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence.

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