iBill ? The past, present and future - GoFuckYourself.com

ImExposed · 04-26-2009, 07:26 PM

Anyone who was with iBill before, you might want to see where your money went
This is from a email I got way back.

Hello all, my name is Jonas Brown and I am the CEO of iBill, Inc. www.ibill.net I felt that I needed to help all you merchants who used iBill.com in the past to see the timeline from 95 to 09 and the trail your money took

1995
iBill was founded on December 1st 1995 by Albert J. Angel. According to the Florida secretary of state records located here

http://www.sunbiz.org/scripts/cordet...s_filing_type=

2001

iBill was growing at a rapid pace
http://www.internetretailer.com/inte...7-percent.html

2002
iBill grew to be the largest payment processor in the world by 2002 and sold to a company called intercept InterCept, Inc. (Nasdaq: ICPT). http://finance.yahoo.com/q?s=icpt

http://findarticles.com/p/articles/m...r-support.html that year. As of the sale date, iBill.com had accounted for all payments and every reserve dollar was accounted for as well. There were no complaints filed on iBill for not paying out prior to the sale in 2002
intercept was a company that was having problems with the shareholders for a stock that was not moving. So they felt that if they purchased iBill, and added it to their portfolio, it would boost the stock. Bad idea

Credit-card processor Intercept's (nasdaq: ICPT - news - people ) 2002 acquisition of Internet Billing, or iBill, may go down in history as one of the most boneheaded acquisitions ever by a public company

http://www.allbusiness.com/company-a...5584536-1.html

2003
Was the first time payouts were not made. Notes were issued as intercept/ibill was not paying the bills

2004

Penthouse International Acquires Internet Billing Company LLC ?iBill?
http://www.forbes.com/2004/03/22/cz_sl_0322galanis.html

September, 27, 2004

iBill gets Merrick Bank to processes iBill?s $300 million or so in annual credit card purchases http://www.forbes.com/2004/09/27/cz_sl_0927ibill.html

2005

January 24, 2005

SEC CHARGES PENTHOUSE INTERNATIONAL, INC., A FORMER OFFICER, AND A SHAREHOLDER WITH ACCOUNTING FRAUD, REPORTING VIOLATIONS, AND VIOLATIONS OF THE SARBANES-OXLEY CERTIFICATION RULES
http://www.sec.gov/litigation/litreleases/lr19048.htm

2006

March, 9 2006

iBill Loses 17 Million Porn Customer Records
http://consumerist.com/159334/

This turned out later to be a fake, it was not iBills customers but bulk list of emails posing as ibill to gain value
2006
Penthouse International is closed by the SEC there for iBill as well.
2008
Jonas Brown acquires iBill.net and does a overhaul of the once proud company

iBIll hires an outside CPA to audit the Reserve accounts for all merchants two times a year.

2009
Jonas Brown goes to Miami Beach to meet with Albert Angel former CEO of iBill

Please note, I am truly sorry about what happened with your accounts and it is not something we are able to pay for. Intercept or Penthouse destroyed all the records.
In closing, the true people to be upset with is the person who spent your funds. That is intercept and Penthouse International.

If you have any questions, please feel free to email me.
[email protected]

WiredGuy · 04-26-2009, 07:32 PM

My advice, abandon the ibill brand name and start fresh with something new.
WG

brand0n · 04-26-2009, 07:55 PM

no way to salvage that name. see wireguys post

NinjaSteve · 04-26-2009, 08:02 PM

Quote:

Originally Posted by WiredGuy

My advice, abandon the ibill brand name and start fresh with something new.
WG

Good advice right there. The name has been tarnished pretty bad.

GregE · 04-26-2009, 08:20 PM

This is a joke, right?

Methinks you would have a better chance selling Hermann Göring's autograph in a synagogue than you will selling Ibill here

Andy CHOOPA · 04-26-2009, 08:21 PM

Ibill huh?? Lol.

MikeSmoke · 04-27-2009, 01:11 AM

Careers

"The secret of our success is our people. iBill employs the best and brightest to ensure our solutions are the best in the industry."

Jonas C. Brown President & CEO
iBill, Inc

iBill, Inc is looking for motivated and inspired people to join our company. iBill has the following positions available:

Chief Financial Officer
Work Location: iBill, Inc, Denver, CO
Shift: Part Time

General Councel
Work Location: iBill, Inc, Denver, CO
Shift: Part Time

SQL .Net Programmer
Work Location: iBill, Inc, Denver, CO
Shift: Day

(They want a CFO and General Councel (sic) to work part-time???

)

NickB. · 04-27-2009, 02:04 AM

sweet mother of god... Ibill? wow

Gerco · 04-27-2009, 05:05 AM

I think I just tasted blood in my mouth....

hjnet · 04-27-2009, 05:17 AM

Bad idea....

blogsy · 04-27-2009, 05:29 AM

'I'ts a 'B'ad 'I'dea, 'L'ame, 'L'ame

TisMe · 04-27-2009, 06:17 AM

Can't for the life of me understand why anyone would choose such a tarnished name that leaves a bad taste in nearly everyone's mouth.

Thats like making a great pizza and selling it under the brand name 'Diarrhea Pizza" - how many do you think you'll sell?

The new I-Bill could offer the best service, but I doubt many (if any) will try it.

04-27-2009, 06:27 AM

Every lawyer in the world would tell yo before forming a new corp to check out the old people who ran under that name first.. Everywhere you go you wil lbe tainted by that name and be hounded by collectors who want their debts paid...

FAIL and no sympathy will come your way.

18teens · 04-27-2009, 06:39 AM

I doubt that iBill has much of a future. To this day I still cringe at the thought of all the money I lost with them.

Nikki_Licks · 04-27-2009, 06:48 AM

Piss on iBill

HorseShit · 04-27-2009, 06:52 AM

Quote:

Originally Posted by blogsy

'i'ts a 'b'ad 'i'dea, 'l'ame, 'l'ame

that was pretty lame in itself

DAMNMAN · 04-27-2009, 07:45 AM

Whuddayamean future? I didn't think they had one.......

04-26-2009, 07:26 PM	#1
ImExposed Registered User Join Date: Nov 2008 Posts: 36	iBill ? The past, present and future Anyone who was with iBill before, you might want to see where your money went This is from a email I got way back. Hello all, my name is Jonas Brown and I am the CEO of iBill, Inc. www.ibill.net I felt that I needed to help all you merchants who used iBill.com in the past to see the timeline from 95 to 09 and the trail your money took 1995 iBill was founded on December 1st 1995 by Albert J. Angel. According to the Florida secretary of state records located here http://www.sunbiz.org/scripts/cordet...s_filing_type= 2001 iBill was growing at a rapid pace http://www.internetretailer.com/inte...7-percent.html 2002 iBill grew to be the largest payment processor in the world by 2002 and sold to a company called intercept InterCept, Inc. (Nasdaq: ICPT). http://finance.yahoo.com/q?s=icpt http://findarticles.com/p/articles/m...r-support.html that year. As of the sale date, iBill.com had accounted for all payments and every reserve dollar was accounted for as well. There were no complaints filed on iBill for not paying out prior to the sale in 2002 intercept was a company that was having problems with the shareholders for a stock that was not moving. So they felt that if they purchased iBill, and added it to their portfolio, it would boost the stock. Bad idea Credit-card processor Intercept's (nasdaq: ICPT - news - people ) 2002 acquisition of Internet Billing, or iBill, may go down in history as one of the most boneheaded acquisitions ever by a public company http://www.allbusiness.com/company-a...5584536-1.html 2003 Was the first time payouts were not made. Notes were issued as intercept/ibill was not paying the bills 2004 Penthouse International Acquires Internet Billing Company LLC ?iBill? http://www.forbes.com/2004/03/22/cz_sl_0322galanis.html September, 27, 2004 iBill gets Merrick Bank to processes iBill?s $300 million or so in annual credit card purchases http://www.forbes.com/2004/09/27/cz_sl_0927ibill.html 2005 January 24, 2005 SEC CHARGES PENTHOUSE INTERNATIONAL, INC., A FORMER OFFICER, AND A SHAREHOLDER WITH ACCOUNTING FRAUD, REPORTING VIOLATIONS, AND VIOLATIONS OF THE SARBANES-OXLEY CERTIFICATION RULES http://www.sec.gov/litigation/litreleases/lr19048.htm 2006 March, 9 2006 iBill Loses 17 Million Porn Customer Records http://consumerist.com/159334/ This turned out later to be a fake, it was not iBills customers but bulk list of emails posing as ibill to gain value 2006 Penthouse International is closed by the SEC there for iBill as well. 2008 Jonas Brown acquires iBill.net and does a overhaul of the once proud company iBIll hires an outside CPA to audit the Reserve accounts for all merchants two times a year. 2009 Jonas Brown goes to Miami Beach to meet with Albert Angel former CEO of iBill Please note, I am truly sorry about what happened with your accounts and it is not something we are able to pay for. Intercept or Penthouse destroyed all the records. In closing, the true people to be upset with is the person who spent your funds. That is intercept and Penthouse International. If you have any questions, please feel free to email me. [email protected]

04-26-2009, 07:32 PM	#2
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,460	My advice, abandon the ibill brand name and start fresh with something new. WG __________________ I play with Google.

04-26-2009, 07:55 PM	#3
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	no way to salvage that name. see wireguys post __________________ want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

04-26-2009, 08:20 PM	#5
GregE Confirmed User Industry Role: Join Date: Jul 2004 Location: Philadelphia Posts: 2,704	This is a joke, right? Methinks you would have a better chance selling Hermann Göring's autograph in a synagogue than you will selling Ibill here __________________ 50/50 lifetime payout - EXCLUSIVE CONTENT - CCBill CLiCK here for your Bun Beating Dollars. Last edited by GregE; 04-26-2009 at 08:23 PM..

04-26-2009, 08:21 PM	#6
Andy CHOOPA Confirmed User Join Date: Jul 2008 Location: Red Bank NJ Posts: 1,156	Ibill huh?? Lol. __________________ Andy Choopa ICQ: 412-203-056 DUAL XEONS W/100 Mbps UNMETERED- $199/ month!!

04-27-2009, 01:11 AM	#7
MikeSmoke Confirmed User Join Date: Nov 2002 Location: SoCal Posts: 3,233	Careers "The secret of our success is our people. iBill employs the best and brightest to ensure our solutions are the best in the industry." Jonas C. Brown President & CEO iBill, Inc iBill, Inc is looking for motivated and inspired people to join our company. iBill has the following positions available: Chief Financial Officer Work Location: iBill, Inc, Denver, CO Shift: Part Time General Councel Work Location: iBill, Inc, Denver, CO Shift: Part Time SQL .Net Programmer Work Location: iBill, Inc, Denver, CO Shift: Day (They want a CFO and General Councel (sic) to work part-time??? ) __________________ icq: 541-739-92

04-27-2009, 02:04 AM	#8
NickB. Confirmed User Industry Role: Join Date: Aug 2001 Posts: 8,855	sweet mother of god... Ibill? wow

04-27-2009, 05:05 AM	#9
Gerco Confirmed User Join Date: Nov 2005 Posts: 2,052	I think I just tasted blood in my mouth.... __________________ Http://www.extremehole.com ** CLOSED ** 400 HOURS of exclusive custom extreme content, already on external HD in Raw DV ready to encode. over 150,000 exclusive images and more.

04-27-2009, 05:17 AM	#10
hjnet Confirmed User Join Date: May 2002 Location: European Union Posts: 3,815	Bad idea....

04-27-2009, 05:29 AM	#11
blogsy Confirmed User Join Date: Jul 2003 Posts: 207	'I'ts a 'B'ad 'I'dea, 'L'ame, 'L'ame

04-27-2009, 06:17 AM	#12
TisMe Confirmed User Join Date: Aug 2008 Posts: 1,719	Can't for the life of me understand why anyone would choose such a tarnished name that leaves a bad taste in nearly everyone's mouth. Thats like making a great pizza and selling it under the brand name 'Diarrhea Pizza" - how many do you think you'll sell? The new I-Bill could offer the best service, but I doubt many (if any) will try it.

04-27-2009, 06:27 AM	#13
MrCodey Guest Posts: n/a	Every lawyer in the world would tell yo before forming a new corp to check out the old people who ran under that name first.. Everywhere you go you wil lbe tainted by that name and be hounded by collectors who want their debts paid... FAIL and no sympathy will come your way.

04-27-2009, 06:39 AM	#14
18teens Confirmed User Industry Role: Join Date: Dec 2002 Posts: 1,605	I doubt that iBill has much of a future. To this day I still cringe at the thought of all the money I lost with them.

04-27-2009, 06:48 AM	#15
Nikki_Licks Confirmed User Join Date: May 2005 Location: Behind The Lens Posts: 6,323	Piss on iBill __________________ Amateur Content ICQ: 292 356 077

04-27-2009, 07:45 AM	#17
DAMNMAN Confirmed User Join Date: Dec 2002 Posts: 1,440	Whuddayamean future? I didn't think they had one....... __________________ email: zmaster (at) earthlink.net ICQ: 196678616 ZMASTER One less god!!! I contend that we are both an atheist. I just belive in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.