Quote:
Originally posted by Nysus
I suggest you sue the bank for lost revenues, lost business and fucking up your reputation / name.
Cheers,
Matt
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PSW's problem isn't the fault of a bank.
PSW professed to be right on top of the regulatory framework and continued to offer a product to clients in return for money (eg: their fee).
Then when PSW came to understand that they could no longer sustain that product because of changes in commercial reality they came to their customer base and said the opposite to what they actually knew to be the true state of affairs.
PSW used deception to allow them to continue taking money from clients in that they have charged surfers for the services of their client base yet not passed on the money entrusted to them.
PSW can wax lyrical about the bank witholding funds from them all they like, that is of no concern to their client base.. the hanging offence for PSW was to deceive their client base as to their ability to keep operating and keep accepting money until they closed their doors.
PSW defrauded their client base, possibly for millions of dollars. Its that simple. Lombardi and co however haven't yet shown themselves to be man enough to face the boards. So much for "stand up guys". There is no difference between the people behind PSW and common thieves.