Epass Wallet a SCAM from day 1

They put the wallet feature because they said our pin's ATM number where in risk :D so that way we can't be robbed. hahahaha

don't you remember or what?

I think i still have that email.

looks like that pieces of puzzle are slowly fitting in together...

yeah he at first took it as a goodwill loan, betting that the movie was going to be a success, since it failed then epass closed doors, what a coincidence epass closes doors as soon as middle men was released

Watch out .. linking middle men to the collapse will likely get you labelled as an idiot ...
Well it did at the start of the debacle ...

Mallick put one feet in my country, I will kill him.... for only u$s1,470

if you guys really want to confirm that is how wallet worked, ask the question in the PAXUM thread........the owners are posting there, and establishing a wallet system as well....they seem pretty open how they run their business they might chime in how the wallet really works, then you can at least compare with the poster here if that was the case in epass wallet

bump for this great post

Still waiting for a Wallet Wire Requested on Sep 3rd nothing yet

Just in case, I know EXACTLY how e-wallets work, don't need anyone to tell me. In any case, if someone wants to tell me why a given e-wallet system is different to any other existing one, I'm all ears, pretty curious about that

I believe it works something like this:


Visa -> Virtual Visa -> St Kitts -> Individual accounts with everyone having their own tied to their number.

Bank -> Wallet Company -> The company keeps track of your share of their single account. You don't have any individual account with the bank itself.

Yeah something like that seems to be correct, and the second thing was controlled by epassporte itself so it was easy for them to use a part of it to invest

So where is the money. Money just changes form but never disappears.
How about all of these companies on the same IP as Mallicks. These media companies run by these women who seem to all have epass/oxymoron as a 'client'. The money seems to be flowing through them as well.

I agree to the point where we call this a scam. Don't get me wrong, I don't defend the guy one bit. On the contrary, he fucked me over of what seems to be a few k as of now (unless the remaining of wires do come).

Now, unless this was planned for him to RUN with our money this was a pure legitimate business move that just hit the ground. Hey may have used the money as insurance to get fat loans for his projects or as co-investment. Which is NO DIFFERENT than what banks do with their money. You know that a run on the bank will cause the bank to go our of business and you don't call this a scam although banks don't have our money stashed in socks and use it just for loans and live off of interest. It's a bit more complicated than that (and more lucrative to add). And you all know it. So this ewallet was just nothing more than turning a virtual card provider into a bank, only that the activities of this "bank" were not as regulated as of your local trusted bank are. From there on the decision of where to invest the money was an unwritten law - it was up to the guy to use it as a seed money in investment that was to multidruple the investment. It's just if the investment was put all into one basket, all put on one horse, then it was very risky and in case of failure you have what we have now.

He still owes us money. That goes without a question.

It may not only be movies. Epass was also registered for real estate business as I was able to see in one of the threads. Whether that money was put into some real estate projects that didn't pay off quickly enough remains a question...

It could be a scam and it could not be a scam, but if it wasn't a scam it was nothing more than a risky business. Wouldn't you just do the same as he did (only that maybe you would spread the risk better)?

I know I would.

It's how the bankers make their millions after all (only they spread the risk much better).

But if this was all a scam, he should fry.

The purpose of the business according to filed docs and advert was to provide Visa payment processing under the Visa Intl. agreement and charge fees for such service, not to deceptively transfer out the cash.. away from Visa Virtual system and spend it on whores and personal projects.

Don't forget Mr. Elias is part of this whole scheme as well....IMHO.

any news about the WALLET money?

Or people just gave up and resigned their monies while stating: "Money is in motion" or something similar?

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As per SKNANB message I received:

"SKNANB is not related to and or involved in any way with the wallet. As per ePassporte’s multiple public statements, ePassporte is responsible for all aspects of the wallet, as such, please contact ePassporte directly for any information with respect to their wallet product."

I guess that a liquidator has been appointed in curacao by a court to manage the run-off. Contact him.

I posted the names and adress of the local regulator, contact them.

Funny, I just recieved an email from G. Elias who forwarded my latest "request" (demand for payment) on to cmallick at n247cm dot com as well as a person at SKNANB. Now we come full circle.

I know but epassporte doesn't answer..

and that ELIAS guy doesn't answer either..

what must we do?

anyone was able to get his wallte funds?

I'm very surprised nobody seems to be worried or talking about it, BAD SIGN.. it looks like people just gave up.. Can't believe we webmasters are so weak, seriously.

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you don't know really know if they have intent to scam or not.....or just how stupid their investments can be.....people need to be cautious of crafty future wallet presentations.

i think a lot of people are still hoping he will do them right sitting on pins and needles, and waiting for future announcement by or on october 18th