Epassporte wallet funds - GoFuckYourself.com

brassmonkey · 10-18-2010, 08:45 AM

today is the Oct 18th 2010 and no one has been contacted via email.

chronig · 10-18-2010, 08:46 AM

seeandsee · 10-18-2010, 08:47 AM

no one has been contacted via email?

janosik · 10-18-2010, 08:49 AM

somehow .. that is what I expected

brassmonkey · 10-18-2010, 08:51 AM

Quote:

Originally Posted by seeandsee

no one has been contacted via email?

nope i wanted to do a poll and forgot my breakfast is ready im hungry

onions chilli pulled pork flour tortillas

here's what i forgot to add

1. fraud charges should be filed

2. im not calling the police

3. ill just cry like a bitch and let them go.

4. i don't know what ill do may be illegal. hahaha!!

im leaning towards one of them

Davy · 10-18-2010, 08:56 AM

Oh come on. Your money is gone. Just accept the fact and move on.

SKNAB on the other hand - the fuckers have not answered my verification document email for one week now.

Lukke · 10-18-2010, 09:06 AM

Quote:

Originally Posted by Davy

SKNAB on the other hand - the fuckers have not answered my verification document email for one week now.

Same here man...

96ukssob · 10-18-2010, 09:09 AM

the likely hood of getting a positive answer is very slim to nil, but everyone is still holding their breathe... why? has anyone received a response back from their support emails? do you think they have been holding them all and going to respond at once? and then today, you expect a magic answer?

ive got a bridge to sell you if you believe that

Quote:

Originally Posted by Davy

Oh come on. Your money is gone. Just accept the fact and move on.

SKNAB on the other hand - the fuckers have not answered my verification document email for one week now.

your surprised? you realize its most likely because, like any other bank, they make their money off deposits. they know if they grant you access, you will remove all your funds out of your account, and they cant take that risk because your money has been lent to 10 other people.

brassmonkey · 10-18-2010, 09:13 AM

Quote:

Originally Posted by Davy

Oh come on. Your money is gone. Just accept the fact and move on.

SKNAB on the other hand - the fuckers have not answered my verification document email for one week now.

are you choosing #3??

Fiddler · 10-18-2010, 09:14 AM

Quote:

Originally Posted by brassmonkey

today is the Oct 18th 2010 and no one has been contacted via email.

did you expect anything different? :P

Cash · 10-18-2010, 09:16 AM

I told you they didn't mention the year ...

brassmonkey · 10-18-2010, 09:20 AM

Quote:

Originally Posted by Cash

I told you they didn't mention the year ...

well if they don't pay back the customers it's fraud. well if their not paying what do you think? get them in the system get some charges going.

CaptainHowdy · 10-18-2010, 09:20 AM

You got mallicked...

pornpf69 · 10-18-2010, 09:22 AM

seems like everyone got mallicked...

qwe · 10-18-2010, 09:22 AM

let's wait and see....

tom21220 · 10-18-2010, 09:27 AM

yeah...

brassmonkey · 10-18-2010, 09:31 AM

well if he's charged and convicted maybe it can be paid back through restitution.

nsacm · 10-18-2010, 09:43 AM

I thought a few people got emails, or was that all lies?

brassmonkey · 10-18-2010, 09:57 AM

Quote:

Originally Posted by nsacm

I thought a few people got emails, or was that all lies?

really? who received emails?

blonda80 · 10-18-2010, 10:39 AM

from [email protected], 3 days ago:

Quote:

Hello,

Thank you so much for contacting ePassporte. At this time, you may
withdraw funds from your Wallet through a wire disbursement request
(attached), or through your existing ePassporte Visa card.

In order to receive your Wallet balance, you may log into your account and
the first message shown on the page will be your current balance.

St. Kitts Bank has announced that Visa Cards have been reactivated and
funds are available to be withdrawn as of today. If you have funds on your
Virtual Visa Card, please use your Visa Electron Card at ATM.s or Points
of Sale Merchant locations. You can also use your Visa Virtual Card for
online purchases. If your card is not working or you require assistance
with the funds on your Visa Card, please contact SKNANB at
https://www.sknanb.com/message.htm.

We appreciate your patience and understanding,

ePassporte Wire Disbursement Department

After that nothing.... still waiting

blonda80 · 10-19-2010, 12:08 PM

"news"

Quote:

October 18, 2010,

Dear Account Holders,

Please be advised wire disbursement requests are being processed daily and we are working to respond to emails that have been sent to [email protected]. We have a small group of people working to complete these tasks and they are dealing with thousands of fraudulent requests and duplicate forms which are causing further delays. Please only send one email to [email protected] to ensure your request is handled in a timely manor.

Please DO NOT contact the offices of United bank or Mr. Gregory Elias. Correspondence sent to these parties will slow down the process ePassporte controls. There are also a number of websites posting contact information for people who are not longer employed by ePassporte. Contacting or harassing these individuals will delay your request.

We would like to assure each and every Account Holder that all funds will be returned. We are also working to restore the ability to view balances and submit documents online. We hope to have this functionality available before the end of the week and will post updates on our home page when available. Please continue to check the ePassporte.com website daily for new messages or information.

If you have funds on your Visa Virtual Account, please contact St. Kitts-Nevis-Anguilla National Bank. Their contact information and messages about these balances are available on their website: www.sknanb.com.

ePassporte

nikki99 · 10-19-2010, 12:09 PM

sorry to hear

brassmonkey · 10-19-2010, 12:36 PM

we will see. i hope they add the system to request funds. question is why did they shut down the backend before everyone withdrew their funds?

xawil · 10-19-2010, 01:01 PM

well, good news, but I logged into epassporte and I cannot see my balance from wallet. Few days ago, I could see my balance, but now have disappeared.

I have another question. How can I do the movement of my wallet funds to my VV?

Argos88 · 10-19-2010, 01:55 PM

Where is our money?

.

xawil · 10-19-2010, 02:14 PM

Quote:

Originally Posted by xawil

well, good news, but I logged into epassporte and I cannot see my balance from wallet. Few days ago, I could see my balance, but now have disappeared.

I have another question. How can I do the movement of my wallet funds to my VV?

I had not read the message inside of epassporte.

We would like to assure each and every Account Holder that all funds will be returned. We are also working to restore the ability to view balances and submit documents online. We hope to have this functionality available before the end of the week and will post updates on our home page when available. Please continue to check the ePassporte.com website daily for new messages or information.

I hope recover my funds surely the next week.

Zorgman · 10-19-2010, 06:44 PM

Wonder if CNN would like to know that a director of the movie "middle men" has stolen millions of webmasters money.

brassmonkey · 10-19-2010, 07:23 PM

Quote:

Originally Posted by Zorgman

Wonder if CNN would like to know that a director of the movie "middle men" has stolen millions of webmasters money.

well im hoping they just release the damn funds. my account was processed and they didnt send my money.

they put it back in my wallet.

blonda80 · 10-19-2010, 08:01 PM

that sucks

fatfoo · 10-19-2010, 08:22 PM

The way Epassporte is treating customers reminds me of the way a wild monkey was caught by humans in a forest. There was a box that had a banana inside it. The box was a trap!

Agent 488 · 10-19-2010, 08:26 PM

96ukssob · 10-19-2010, 08:31 PM

wouldnt surprise me if they had all the funds sitting in a bank account incurring interest until they could make enough money back to pay people back

AdultKing · 10-19-2010, 09:46 PM

Each and every person in the US should file a criminal complaint against the US citizen operator of ePassporte, Chris Mallick.

I have already explained why I believe that ePassporte will not pay out in other threads but here it is again:

For ePassporte to be in a position to pay out every account, at the time of closing the doors ePassporte would have needed over 100% of wallet funds in cash or security. This is extremely unlikely.

Most financial services institutions like banks and p2p processors like Paypal only hold a percentage of liabilities in security. This is why they have things like FDIC insurance in the USA and one of the reasons they need an Australing Financial Services license in Australia.

Let's take Paypal as an example. If every single Paypal customer made a full withdrawal of every cent held in their Paypal account then Paypal would run out of money before everyone could be paid. This is because they run models of the transactional nature of the business and this model takes into account that at any particular point in time a certain percentage of account holder funds will remain in the system.

In banking terms this is called fractional reserve banking.

HOWEVER ePassporte was not governed by any regulatory regime which required it to be insured for all account holders funds and thus likely did not have the generally accepted levels of security for banking institutions or regulated and insured organizations like Paypal.

Not being governed by a regulatory regime means that ePassporte was free to carry as much account holder liability mismatch as it wanted to. This liability mismatch funded movies being made, private jets, expensive cars, the expensive lifestyles of executives and so forth.

While ePassporte was running along without any hitch, even with a low fractional reserve liability mismatch they could honour recurrent liability of the normal flow of money within it's system. As soon as Visa pulled it's relationship, the stack of cards fell in one instant and has caused a run on ePassporte funds, firstly those held in Virtual Visa Cards and Secondly those in wallets.

Unless ePassporte ran the system with no fractional reserve liability (which is not possible for such an operation) then there is less than 100% of account holders funds held by ePassporte. I would be surprised if they held anything over 20% - 30% as the lavish lifestyle of Chris Mallick had to be supported by something and as we all know his other buisiness ventures, especially film making, were flops or underperforming at best.

What is likely to be happening now is this.

Closing down an operation like ePassporte takes time. Firstly staff were let go and many would have been paid a severance or termination. Then lawyers and accountants would have been called in to try to make sense of the mess, also costing a considerable amount.

Following up this ePassporte had to make some sort of public statement so has done so and has been following this up over several weeks with additional statements of re-assurance but no real action. In the mean time secured creditors are likely being paid out quietly. Chris Mallick wants to come out of this without impediment to movement around the world so he wants to be sure that no funds are left owing to secured creditors.

This will leave a small percentage of representative wallet funds remaining. I imagine invested monies are now being called in. The most likely scenario is that when all secured creditors are paid out somewhere between 0% - 15% of wallet funds will remain.

The most likely tactic that will follow is that ePassporte will pay out the most vocal critics or if they aren't that clever they will make enough disbursements that confusion will be created. Some people will say they got paid, others wont. This will buy just enough time before the liquidation statutes of the jurisdiction in which ePassporte operates will allow final distributions of funds - this will go to shareholders and into Chris Mallicks pockets.

Very few people will see the money returned because it is just not there, it's gone.

10-18-2010, 08:45 AM	#1
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,237	Epassporte wallet funds today is the Oct 18th 2010 and no one has been contacted via email. __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

10-18-2010, 08:56 AM	#6
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	Oh come on. Your money is gone. Just accept the fact and move on. SKNAB on the other hand - the fuckers have not answered my verification document email for one week now. __________________ --- ICQ 14-76-98 <-- I don't use this at all

10-18-2010, 09:16 AM	#11
Cash Click on my TCG signature Join Date: Feb 2002 Posts: 20,825	I told you they didn't mention the year ... __________________ $9.95/month for 15000 GB bandwidth monthly, unlimited (sub)domains and MySQL5, PHP4/5, 500 GB disk storage! ; use any of these invitation codes: 216263692101; 408636009193; 846090586647; my ICQ 30160426!

10-18-2010, 09:22 AM	#14
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10-18-2010, 09:27 AM	#16
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10-18-2010, 08:46 AM	#2
chronig Registered User Industry Role: Join Date: Oct 2009 Posts: 2,653

10-18-2010, 08:47 AM	#3
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	no one has been contacted via email? __________________ BUY MY SIG - 50$/Year Contact here

10-18-2010, 08:49 AM	#4
janosik Confirmed User Industry Role: Join Date: Jan 2002 Posts: 755	somehow .. that is what I expected

10-18-2010, 09:20 AM	#13
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,571	You got mallicked...

10-18-2010, 09:22 AM	#15
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	let's wait and see....

10-18-2010, 09:31 AM	#17
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,237	well if he's charged and convicted maybe it can be paid back through restitution. __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

10-18-2010, 09:43 AM	#18
nsacm Confirmed User Join Date: Dec 2009 Posts: 205	I thought a few people got emails, or was that all lies?

10-19-2010, 12:09 PM	#22
nikki99 Supermodel Industry Role: Join Date: Nov 2004 Location: Sodoma & Gomorra Posts: 22,897	sorry to hear __________________ SMC Revenue - Best Tgirl websites of the world now VR Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

10-19-2010, 12:36 PM	#23
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,237	we will see. i hope they add the system to request funds. question is why did they shut down the backend before everyone withdrew their funds? __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

10-19-2010, 01:01 PM	#24
xawil Registered User Join Date: Aug 2002 Location: argentina Posts: 13	well, good news, but I logged into epassporte and I cannot see my balance from wallet. Few days ago, I could see my balance, but now have disappeared. I have another question. How can I do the movement of my wallet funds to my VV? __________________ ThinkElephant.com - Web Development - From Design To Development we do it very well. Any crazy idea on wordpress. Whatever you can think. We become reality with custom and high-end eye! we works with the best: bangbrosnetwork.com, juggcash.com , naked.com, h3ads.com, natporn, putalocura.com, seemybucks.com, nastydollars.com, and many more...

10-19-2010, 01:55 PM	#25
Argos88 So Fucking Banned Industry Role: Join Date: Sep 2009 Posts: 1,732	Where is our money? .

10-19-2010, 06:44 PM	#27
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	Wonder if CNN would like to know that a director of the movie "middle men" has stolen millions of webmasters money. __________________ ---

10-19-2010, 08:01 PM	#29
blonda80 FOR HIRE: AFF Manager Industry Role: Join Date: May 2006 Location: EU Posts: 10,959	that sucks __________________ Weekly Paying Affiliate Program with Dating Cam Offers! TrafficGoldmine.com is the official home of HookUP.com They offer payments by PayPal, Paxum, BTC, Bkash, Webmoney & more!

10-19-2010, 08:22 PM	#30
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	The way Epassporte is treating customers reminds me of the way a wild monkey was caught by humans in a forest. There was a box that had a banana inside it. The box was a trap! __________________ Send me an email: [email protected]

10-19-2010, 08:26 PM	#31
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511

10-19-2010, 08:31 PM	#32
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	wouldnt surprise me if they had all the funds sitting in a bank account incurring interest until they could make enough money back to pay people back __________________ Email: Clicky on Me

10-19-2010, 09:46 PM	#33
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	Each and every person in the US should file a criminal complaint against the US citizen operator of ePassporte, Chris Mallick. I have already explained why I believe that ePassporte will not pay out in other threads but here it is again: For ePassporte to be in a position to pay out every account, at the time of closing the doors ePassporte would have needed over 100% of wallet funds in cash or security. This is extremely unlikely. Most financial services institutions like banks and p2p processors like Paypal only hold a percentage of liabilities in security. This is why they have things like FDIC insurance in the USA and one of the reasons they need an Australing Financial Services license in Australia. Let's take Paypal as an example. If every single Paypal customer made a full withdrawal of every cent held in their Paypal account then Paypal would run out of money before everyone could be paid. This is because they run models of the transactional nature of the business and this model takes into account that at any particular point in time a certain percentage of account holder funds will remain in the system. In banking terms this is called fractional reserve banking. HOWEVER ePassporte was not governed by any regulatory regime which required it to be insured for all account holders funds and thus likely did not have the generally accepted levels of security for banking institutions or regulated and insured organizations like Paypal. Not being governed by a regulatory regime means that ePassporte was free to carry as much account holder liability mismatch as it wanted to. This liability mismatch funded movies being made, private jets, expensive cars, the expensive lifestyles of executives and so forth. While ePassporte was running along without any hitch, even with a low fractional reserve liability mismatch they could honour recurrent liability of the normal flow of money within it's system. As soon as Visa pulled it's relationship, the stack of cards fell in one instant and has caused a run on ePassporte funds, firstly those held in Virtual Visa Cards and Secondly those in wallets. Unless ePassporte ran the system with no fractional reserve liability (which is not possible for such an operation) then there is less than 100% of account holders funds held by ePassporte. I would be surprised if they held anything over 20% - 30% as the lavish lifestyle of Chris Mallick had to be supported by something and as we all know his other buisiness ventures, especially film making, were flops or underperforming at best. What is likely to be happening now is this. Closing down an operation like ePassporte takes time. Firstly staff were let go and many would have been paid a severance or termination. Then lawyers and accountants would have been called in to try to make sense of the mess, also costing a considerable amount. Following up this ePassporte had to make some sort of public statement so has done so and has been following this up over several weeks with additional statements of re-assurance but no real action. In the mean time secured creditors are likely being paid out quietly. Chris Mallick wants to come out of this without impediment to movement around the world so he wants to be sure that no funds are left owing to secured creditors. This will leave a small percentage of representative wallet funds remaining. I imagine invested monies are now being called in. The most likely scenario is that when all secured creditors are paid out somewhere between 0% - 15% of wallet funds will remain. The most likely tactic that will follow is that ePassporte will pay out the most vocal critics or if they aren't that clever they will make enough disbursements that confusion will be created. Some people will say they got paid, others wont. This will buy just enough time before the liquidation statutes of the jurisdiction in which ePassporte operates will allow final distributions of funds - this will go to shareholders and into Chris Mallicks pockets. Very few people will see the money returned because it is just not there, it's gone. Last edited by AdultKing; 10-19-2010 at 09:50 PM..