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-   -   ePassporte Official Statment (https://gfy.com/showthread.php?t=985088)

seeandsee 09-10-2010 05:26 AM

Quote:

Originally Posted by babedump (Post 17487452)
Received: Sep 10, 2010 4:22 AM PDT
Subject: ePassporte Message from Chris Mallick

We at ePassporte are as distressed as you, our valued cardholders, over an action that we did not see coming and as of today we still have received no good basis for it.

First, be assured that your funds are fully safe and protected. You are owed that and it will be fulfilled. The funds are secure.

Second, ePassporte is working with the St. Kitts bank to work out how all payments will be made and when. The details are complicated, because there are funds in motion and where and when they settle requires us to all be careful that we fully and properly account for all those funds and their rightful owner. This issue stems from our processing and reporting ability through the Visa system and their processor.

Third, ePassporte's most important asset has always been our account holder's. We are not going to undermine that asset by treating cardholders in any manner other than the best we can.

Most of us have had the unfortunate experience of dealing with banks and card associations that simply "cut us off" and did not pay us. Those actions were limited to card acquiring (merchant accounts), not card issuing, which is what we do. We can all take some comfort in the fact that this situation is not anything like the acquiring side of the business.

We all fully understand that communication to our cardholders is critical. However, it does not help any of us if we are constantly updating you on the basis of the calls that take place almost hourly. It seems to us that giving you facts, based on agreements we are working on is the best form of communication. This is what we will be doing. When we know something, that is a fact, we will report it, quickly. Our staff is all working diligently to resolve these issues and the many moving and complicated parts of getting the funds returned. Therefore, please do not mistake our silence as "hiding", "avoiding" or "stringing you along". We too have funds that are stuck in the system, as well as massive costs of operation without any income.

Rest assured that when we know, you will know and you will all be satisfied with the results. Again, your money is safe.

For those of you that have been in the industry for many years, I hope you will recall that I have a very strong track record of fighting for the rights of webmasters, program sponsors, billing companies, merchants and the industry; that dedication continues.

Thanks you for your understanding in this difficult time and for your support over the last 8 years of our operations.

Chris Mallick
For ePassporte

all is safe, we are in motion

McSpike 09-10-2010 05:32 AM

If these people ever fund another movie, you know where to find them.

Chezter 09-10-2010 05:33 AM

So I'm completely without food now and still no good news, at least my gf is coming over to feed me and something more.. but she won't pay hosting for me probably :)

McSpike 09-10-2010 05:37 AM

Quote:

Originally Posted by Chezter (Post 17487592)
So I'm completely without food now and still no good news, at least my gf is coming over to feed me and something more.. but she won't pay hosting for me probably :)

Food and the sex for free. Some people pay dearly for that. You should consider yourself lucky.

xmas13 09-10-2010 05:40 AM

[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]

:winkwink:

SGS 09-10-2010 05:54 AM

If ePass pull their asses out of the fire with this one it will be one hell of an escape job.

lucPL 09-10-2010 06:29 AM

http://i.imagehost.org/0933/wtf.jpg

bolsex 09-10-2010 06:41 AM

Wow! I think this thread will get 3000 replies today! Only 92 left!

adult-help 09-10-2010 07:03 AM

interestingly Michael is still replying to emails but nothing new here..

meatpole 09-10-2010 07:05 AM

I want to eat real food now..Any updates?

zentz 09-10-2010 07:15 AM

Has anyone tried to get in touch with Chris Mallick directly?

Gossha 09-10-2010 07:25 AM

Dear Mr Mallick,
I understand my money were used as well to make your (our) Movie, so I am asking you to puy my name in the cast crew as a co-producer.

Thank you beforehand.

lol_cat 09-10-2010 07:29 AM

So when's the next update Michael? Next Friday? :(

Denny 09-10-2010 07:31 AM

Quote:

Originally Posted by Gossha (Post 17487986)
Dear Mr Mallick,
I understand my money were used as well to make your (our) Movie, so I am asking you to puy my name in the cast crew as a co-producer.

Thank you beforehand.

Congrats on your 1st post in 5 years :thumbsup

Jeremiah 09-10-2010 08:07 AM

Just called Epass to request an update on my $xx,xxx wire request sent a week ago. Routed to an Indian call center, where the guy told me that he couldn't locate my account. NOT GOOD.

SleazyBear 09-10-2010 08:27 AM

After reading a lot of threads Mallick might be doing us a favor in a way. No I am not giving the guy props. If he funded all the crap that I have been reading about and its all been a big loss. If it was either shut down Epassporte Visa or take the loss and loose everything. So he shuts down Epassporte Visa he does this when most sponsors have either loaded or paid there people. This locks in millions into an interest paying bank. Every day more interest grows on this acount. When he makes back the interest that is needed to keep Epassport sovent, then he will release the funds.

Yes his company Epassport takes a huge hit, but he will still have it. How long will things be tied up, well until he gets enough intrest to pay off his debts on bad projects.

So what happens now, until the right amount of intrest is made on the money, it will be stuck. I figure when the cards are turned back on it will come out that he worked with visa and got the cards turned back on. He then becomes a hero to everyone, when in fact it was him who shut the cards off.

I may be wrong but this is how I see it.

18teens 09-10-2010 08:37 AM

Quote:

Originally Posted by Jeremiah (Post 17488195)
Just called Epass to request an update on my $xx,xxx wire request sent a week ago. Routed to an Indian call center, where the guy told me that he couldn't locate my account. NOT GOOD.

Not good at all.

Elli 09-10-2010 08:38 AM

Quote:

Originally Posted by SleazyBear (Post 17488293)
After reading a lot of threads Mallick might be doing us a favor in a way. No I am not giving the guy props. If he funded all the crap that I have been reading about and its all been a big loss. If it was either shut down Epassporte Visa or take the loss and loose everything. So he shuts down Epassporte Visa he does this when most sponsors have either loaded or paid there people. This locks in millions into an interest paying bank. Every day more interest grows on this acount. When he makes back the interest that is needed to keep Epassport sovent, then he will release the funds.

Yes his company Epassport takes a huge hit, but he will still have it. How long will things be tied up, well until he gets enough intrest to pay off his debts on bad projects.

So what happens now, until the right amount of intrest is made on the money, it will be stuck. I figure when the cards are turned back on it will come out that he worked with visa and got the cards turned back on. He then becomes a hero to everyone, when in fact it was him who shut the cards off.

I may be wrong but this is how I see it.

Very interesting theory.

directfiesta 09-10-2010 08:41 AM

Quote:

Originally Posted by SleazyBear (Post 17488293)
After reading a lot of threads Mallick might be doing us a favor in a way. No I am not giving the guy props. If he funded all the crap that I have been reading about and its all been a big loss. If it was either shut down Epassporte Visa or take the loss and loose everything. So he shuts down Epassporte Visa he does this when most sponsors have either loaded or paid there people. This locks in millions into an interest paying bank. Every day more interest grows on this acount. When he makes back the interest that is needed to keep Epassport sovent, then he will release the funds.

Yes his company Epassport takes a huge hit, but he will still have it. How long will things be tied up, well until he gets enough intrest to pay off his debts on bad projects.

So what happens now, until the right amount of intrest is made on the money, it will be stuck. I figure when the cards are turned back on it will come out that he worked with visa and got the cards turned back on. He then becomes a hero to everyone, when in fact it was him who shut the cards off.

I may be wrong but this is how I see it.

I have money in certificates . At the moment, I get about 1.35 % of interest.

If I want to borrow money from the bank, I will pay for a mortgage ( secured ) 4 %. For a film ... try to guess.

So how long will he need to cover the interest he needs to pay .... ?

JFK 09-10-2010 08:42 AM

Quote:

Originally Posted by adult-help (Post 17487880)
interestingly Michael is still replying to emails but nothing new here..

He's holding the fort, props to him :thumbsup:thumbsup

garce 09-10-2010 08:43 AM

Quote:

Originally Posted by McSpike (Post 17487601)
Food and the sex for free. Some people pay dearly for that. You should consider yourself lucky.

Send your girlfriend to me and make sure she packs a sammich. In return, I'll pay for your hosting.

Sorry, that was mean. But I still want the sammich.

adult-help 09-10-2010 08:55 AM

Quote:

Originally Posted by JFK (Post 17488344)
He's holding the fort, props to him :thumbsup:thumbsup

in what way though? the ACH wires are going out without him, no one yet received intl wire, he cant provide us with any kind of useful info etc..He gives prompt replies but after people submit this and that the wires still doesn't go out. even his optimism and assertions that all will be solved this week, full functionality etc proved to be wrong and before the last announcement from Chris he sounded resigned. He could very well be, willingly or not, a misinformation pawn in this situation we are all in. I really hope they are not taking him for a ride like they probably are us.

Davy 09-10-2010 08:57 AM

We're all screwed. :(

Alprazolam 09-10-2010 08:58 AM

this looks worse each day

SleazyBear 09-10-2010 09:01 AM

Quote:

Originally Posted by directfiesta (Post 17488340)
I have money in certificates . At the moment, I get about 1.35 % of interest.

If I want to borrow money from the bank, I will pay for a mortgage ( secured ) 4 %. For a film ... try to guess.

So how long will he need to cover the interest he needs to pay .... ?

Don't know exactly, but from what I understand the bank on which the money is likely borrowed from he pretty well owns, if that is the case he pays no intrest.

Ethersync 09-10-2010 09:03 AM

Quote:

Originally Posted by SleazyBear (Post 17488293)
After reading a lot of threads Mallick might be doing us a favor in a way. No I am not giving the guy props. If he funded all the crap that I have been reading about and its all been a big loss. If it was either shut down Epassporte Visa or take the loss and loose everything. So he shuts down Epassporte Visa he does this when most sponsors have either loaded or paid there people. This locks in millions into an interest paying bank. Every day more interest grows on this acount. When he makes back the interest that is needed to keep Epassport sovent, then he will release the funds.

Yes his company Epassport takes a huge hit, but he will still have it. How long will things be tied up, well until he gets enough intrest to pay off his debts on bad projects.

So what happens now, until the right amount of intrest is made on the money, it will be stuck. I figure when the cards are turned back on it will come out that he worked with visa and got the cards turned back on. He then becomes a hero to everyone, when in fact it was him who shut the cards off.

I may be wrong but this is how I see it.

You are wrong. ePassporte Wallet money is on deposit at what appears to be his own bank. Is he paying himself interest? Furthermore the interest rate is so low right now that even if he put our money on deposit at other banks and got ~1% return it would take a long time to earn any substantial amount of money.

signupdamnit 09-10-2010 09:04 AM

Quote:

Originally Posted by Alprazolam (Post 17488391)
this looks worse each day

Yeah I'm starting to wonder when we will see M.O. stop posting here and/or lose the epass sig. For me that will be the "abandon all hope" sign. If GFY were real life we'd be very close to seeing a riot about now. The latest announcement did it and the shit has started to hit the fan. Good luck to everyone involved.

Double trouble 09-10-2010 09:04 AM

Quote:

Originally Posted by Alprazolam (Post 17488391)
this looks worse each day

:Oh crap

SleazyBear 09-10-2010 09:06 AM

Quote:

Originally Posted by adult-help (Post 17488379)
in what way though? the ACH wires are going out without him, no one yet received intl wire, he cant provide us with any kind of useful info etc..He gives prompt replies but after people submit this and that the wires still doesn't go out. even his optimism and assertions that all will be solved this week, full functionality etc proved to be wrong and before the last announcement from Chris he sounded resigned. He could very well be, willingly or not, a misinformation pawn in this situation we are all in. I really hope they are not taking him for a ride like they probably are us.


Been there done that..

No problem sleazy, the court date is a couple months away and everyone including you will be paid, just hang in there.. It's pretty much an open and shut case, no worries we got them by the balls.

Court date came...

Sorry sleazy but they got an extention its going to be another month and a half...

That was over a year ago.. I am still out thousands, never did learn how this court thing turned out.

Oops I forgot I got a domain for my money, it was either that or nothing..

directfiesta 09-10-2010 09:09 AM

Quote:

Originally Posted by SleazyBear (Post 17488408)
Don't know exactly, but from what I understand the bank on which the money is likely borrowed from he pretty well owns, if that is the case he pays no intrest.

True, but he needs to pay for the movie financing deal ( loan ) ... he did not put 32 million cash ... but garanteed it against ....

SleazyBear 09-10-2010 09:12 AM

Quote:

Originally Posted by Elli (Post 17488332)
Very interesting theory.

Its just a theory.

xxxRumor 09-10-2010 10:08 AM

How profitable was epass for mr Mallick on yearly or monthly basis anyone know?
Just curious what kind of cash flow will he loose by closing epass.

IllTestYourGirls 09-10-2010 10:16 AM

Mo please email me! Payemealot gmail i have not heard back from you

xxxRumor 09-10-2010 11:24 AM

So, any real news yet? its been a fucking week..
:mad: :mad: :mad: :mad: :mad:

And no offense Michael O, but do you still feel this way?
Quote:

We are 100% responsible and accountable and we are working to resolve this. We have had a good track record for 7 years and we will not let you down.

Steiger 09-10-2010 11:26 AM

https://gfy.com/showthread.php?t=986467

the very first wire is out to Canada. and it's a big one.

nikki99 09-10-2010 11:33 AM

Quote:

Originally Posted by Denny (Post 17488010)
Congrats on your 1st post in 5 years :thumbsup

:thumbsup:thumbsup

Ron Bennett 09-10-2010 11:35 AM

Quote:

Originally Posted by Steiger (Post 17489006)
https://gfy.com/showthread.php?t=986467

the very first wire is out to Canada. and it's a big one.

NOT confirmed.

And the poster, flashfire, himself acknowledges that - he says the funds appear to have been deducted from his ePassporte account, but are NOT in his bank yet. And furthermore, the poster says he won't be back on GFY to update until Monday or Tuesday at the earliest.

In short, NO real news on wires.

Ron

nikki99 09-10-2010 11:36 AM

Quote:

Originally Posted by xxxRumor (Post 17489000)
So, any real news yet? its been a fucking week..
:mad: :mad: :mad: :mad: :mad:

And no offense Michael O, but do you still feel this way?

I had problems myself with BankBoston (they suck :mad::mad:) years ago... it took me WEEKS... , so I am here with Michael O... :thumbsup

xxxRumor 09-10-2010 11:44 AM

Quote:

Originally Posted by Ron Bennett (Post 17489047)
NOT confirmed.

And the poster, flashfire, himself acknowledges that - he says the funds appear to have been deducted from his ePassporte account, but are NOT in his bank yet. And furthermore, the poster says he won't be back on GFY to update until Monday or Tuesday at the earliest.

In short, NO real news on wires.

Ron

I hope he gets his wire, this will at least give me some hope..

Atticus 09-10-2010 11:45 AM

Quote:

Originally Posted by JFK (Post 17488344)
He's holding the fort, props to him :thumbsup:thumbsup

OMG

Holding the fort :1orglaugh

He gets paid to be a customer service rep. The shit has hit the fan and he provides vague answers at best. He posted a "statement" under his screen name that clearly wasnt written by the individual (Mallick) who signed it. He told everyone to wait for a statement, provided a made up bullshit one, everyone gets pissed and now claims he will not be monitoring the boards anymore because "it's to much to keep up with". Even though he is the one starting a lot of them, including a classic where he admonishes Boneprone. Did I miss anything?

How much longer shall we kiss his ass? I understand you're in the publishing business and its your job to make potential advertisers happy but c'mon man.

suesheboy 09-10-2010 11:58 AM

Quote:

Originally Posted by Atticus (Post 17489090)
OMG

Holding the fort :1orglaugh

He gets paid to be a customer service rep. The shit has hit the fan and he provides vague answers at best. He posted a "statement" under his screen name that clearly wasnt written by the individual (Mallick) who signed it. He told everyone to wait for a statement, provided a made up bullshit one, everyone gets pissed and now claims he will not be monitoring the boards anymore because "it's to much to keep up with". Even though he is the one starting a lot of them, including a classic where he admonishes Boneprone. Did I miss anything?

How much longer shall we kiss his ass? I understand you're in the publishing business and its your job to make potential advertisers happy but c'mon man.

Speaks the truth.

Very soon his reputation will be destroyed as he is the mouthpiece that said:

"Iceberg? What iceberg? Plenty of watertight compartments and the captain told me that everything is fine."

"Too many passengers have been asking me questions about the missing lifeboats and life vests so send them by telegraph now so I don't have to face you and tell you that you will die."

What a fucking joke...

zork 09-10-2010 12:13 PM

Damn it... now I even cant buy credits at LJ through direct epass transfers. Since now epass TOTALLY useless. I even cant take strip on my money...

CYF 09-10-2010 12:15 PM

Quote:

Originally Posted by Atticus (Post 17489090)
OMG

Holding the fort :1orglaugh

He gets paid to be a customer service rep. The shit has hit the fan and he provides vague answers at best. He posted a "statement" under his screen name that clearly wasnt written by the individual (Mallick) who signed it. He told everyone to wait for a statement, provided a made up bullshit one, everyone gets pissed and now claims he will not be monitoring the boards anymore because "it's to much to keep up with". Even though he is the one starting a lot of them, including a classic where he admonishes Boneprone. Did I miss anything?

How much longer shall we kiss his ass? I understand you're in the publishing business and its your job to make potential advertisers happy but c'mon man.

quoted for truth.

Epass is dead.

V_RocKs 09-10-2010 12:21 PM

Quote:

Originally Posted by SleazyBear (Post 17488293)
After reading a lot of threads Mallick might be doing us a favor in a way. No I am not giving the guy props. If he funded all the crap that I have been reading about and its all been a big loss. If it was either shut down Epassporte Visa or take the loss and loose everything. So he shuts down Epassporte Visa he does this when most sponsors have either loaded or paid there people. This locks in millions into an interest paying bank. Every day more interest grows on this acount. When he makes back the interest that is needed to keep Epassport sovent, then he will release the funds.

Yes his company Epassport takes a huge hit, but he will still have it. How long will things be tied up, well until he gets enough intrest to pay off his debts on bad projects.

So what happens now, until the right amount of intrest is made on the money, it will be stuck. I figure when the cards are turned back on it will come out that he worked with visa and got the cards turned back on. He then becomes a hero to everyone, when in fact it was him who shut the cards off.

I may be wrong but this is how I see it.

50,000,000 x .12 / 365 x 14 (2 weeks) = 230,136.97

I highly doubt that comes anywhere near the money that could have been made and that interest rate is simply unheard of in a deposit account... So you might want to quarter that... The rate is to show you that even if it were invested in a good investment it wouldn't make any where near what having transactions moving would bring.

mn 09-10-2010 12:43 PM

Trying to contact them - is their office open now? Any working #?

Matyko 09-10-2010 12:46 PM

Quote:

Originally Posted by Gossha (Post 17487986)
Dear Mr Mallick,
I understand my money were used as well to make your (our) Movie, so I am asking you to puy my name in the cast crew as a co-producer.

Thank you beforehand.

Funny first post :2 cents:

18teens 09-10-2010 01:18 PM

Quote:

Originally Posted by Atticus (Post 17489090)
OMG

Holding the fort :1orglaugh

He gets paid to be a customer service rep. The shit has hit the fan and he provides vague answers at best. He posted a "statement" under his screen name that clearly wasnt written by the individual (Mallick) who signed it. He told everyone to wait for a statement, provided a made up bullshit one, everyone gets pissed and now claims he will not be monitoring the boards anymore because "it's to much to keep up with". Even though he is the one starting a lot of them, including a classic where he admonishes Boneprone. Did I miss anything?

How much longer shall we kiss his ass? I understand you're in the publishing business and its your job to make potential advertisers happy but c'mon man.

Ditto on this post.

RBC 09-10-2010 01:25 PM

Ok, the middle man movie is just to make you believe epassporte is live, but I think they knew about the problem. Should we believe visa just made it without any notice? Who said so? Epassporte (mr.mallick) told us they didn't know about it, and should we believe ??
If he says the truth where are the wires???


Any of you got wire?

I was one of the first who sent wire request, as I did it just one hour after the message from epassporte and money are still there.

So I am just starting to think this is a long story which lasts for a year or two, when they found out they will have problems with visa they just made the show, huge show, come on 20M for the movie is nothing copmparing to the money on the bank accounts and what do you know about the bank - look at it, they don't have title on the main page even. What do you know about the place where the bank is situated.


I am still waiting for the wire but should I be so naive?

I have seen some payment systems bankrupts ... And they always say same things. Be patient your money are safe, after some time when everybody is cool they disappear.


SO ANY OF YOU GOT THE WIRE?

I got email saying - we are on holidays and will start on Tuesday, .... It's Friday. No confirmations and no info about the wires....

GoldBarsXXX 09-10-2010 02:19 PM

Quote:

Originally Posted by Naughty-Pages (Post 17485716)
Shit, ya.. I guess when I read the statement that really said nothing, i was frustrated and simply missed that last line with the lil fuckers name..

Well I was a bit optimistic the other day, but if that is his statement that answers no questions at all after an entire week, then I have lost quite a bit of hope for epassporte.. :(

That is a minor bump in the road.. and if checks are an issue from sponsors.. ccbill will be no different..

ccbill will not benefit from the peer to peer money transfers which was epass's main business, however companies similar to paypal might see some action.


CCBILL is associated with trustworthiness.
You know you'll get your money and you know you'll get it on time.
Plus a lot of smaller programs don't have wire and check options.

livepimpin 09-10-2010 02:35 PM

Quote:

Originally Posted by V_RocKs (Post 17489247)
50,000,000 x .12 / 365 x 14 (2 weeks) = 230,136.97

I highly doubt that comes anywhere near the money that could have been made and that interest rate is simply unheard of in a deposit account... So you might want to quarter that... The rate is to show you that even if it were invested in a good investment it wouldn't make any where near what having transactions moving would bring.

V_Rocks had written the wisest statements in this whole thread regarding ePass.
Sleazy ... ePassporte is doing a shitload of money just by normally operating their services. Bank deposits interest rate is what probably Mallick is spending one night in town. This has to be one the worse scenario.
Now regarding the scaremongers around here. Do you really think that spreading shit all over and pissing in ePass general direction would help? You are dead WRONG!.


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