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Originally Posted by The Demon
I know a lot of people that lost out in this and I can tell you if stormpay gets taken to court, the key players are going to prison. This is an enron type of situation.. On 1/31/06 they updated their tos so that autosurfs can ONLY use them as a processor, next day they deemed autosurfs illegal and froze all the money, stole rather. With this alone any autosurf that lost money has an easy case against them and 12dp will take them to court and win. It's the end of Stormpay regardless, nobody is going to use their piece of shit service anymore.
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Unfortunately that leaves the autosurf members up shit creek, with the Ponzi model there's no need to ever withdraw the bulk of the cash from the payment processor, so 12DP and other autosurfs will not actually have a lot of cash in their real bank accounts (if they even have one).
It's been hinted that Stormpay may not be able to service large withdrawal requests, and I wouldn't be surprised: considering there's such a diverse number of members, many with small balances that are probably not worth withdrawing, what are the chances that Stormpay will ever have to come up with the sum total of the members funds all at once? Virtually nil. Stormpay are probably making a very comfortable profit on their overpriced fees, but digging into the members funds would be a goldmine.