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catalin · 10-06-2010, 11:23 AM

Everything is clear to me now of the reasons why Epass went down and how it all happened. Because I didn't have basic knowledge of how things work in the bank/financial system I couldn't see it until it was too late. Now I believe a blind man could see Epass was going down and all by scamming thousands of users with one simple move:

The Epass Wallet feature

Mr Mallick has started Epass and was making money by charging different amounts of money for different "financial" transactions. Remember: he was making all his money JUST by charging a fee for the transactions. He did not have any access to the actual money involved in the transactions. As we have seen all money involved with Visa cards are prepaid money that have to be hold/locked by the bank. This is how Visa cards work, all transactions happen instantly only for you and me to see, but behind the scenes that's not the case. They need a 30 day buffer to complete the transactions physically and so the money need to be locked. In this case by the SKNB.

So Mr Mallick invented the Epass Wallet where you could keep your funds "safe". Using this scam he could actually use the money involved in the transactions. Once this was created, the safety of the strict VISA regulations enforced by the SKNB were no longer applying to yours and my money. That's the moment when a piramidal game was created that finally went the way all piramidal schemes go.

So basically Mr Mallick was NOT satisfied by making money from charging a per transaction fee, he wanted and gained access to the funds themselves, making him a clever, vicious crook and not a kind man willing to do anything for his clients as he poses himself into.

When the card castle begun to fall, SKNB did the only thing right, stopping its services to Epass and saving what was to be saved. It released a statement and unlocked the money after 30 days because I think that's standard for all the money involved to get unlocked from the existing transactions they were involved in, like I said in reality transactions don't happen instantly, a buffer period is needed for an operation to be completed.

As you can see Mr Mallick is an evil, ruthless man that came with an evil scheme that would trick thousands out of their own money. The SKNB did what was right in the situation even if it could have warned us earlier in the process, when the wallet money started evading the protection of the VISA roof, which logo and trademarks were wrongfully used by Epass

We will not see money again, but I would like very much to see a class act started against Mr Mallick and the companies administrating Epass, located California USA. I wouldn't want this man to mind about his business, like he is now, like nothing ever happened. He is a thief and needs to officially be known and labeled as one. I am not located in US and my country will not help me very much with this situation so I believe someone from California should try and get a hold of a lawyer

Thanks for having the patience to read until this end.

10-06-2010, 11:23 AM
catalin Registered User Industry Role: Join Date: Sep 2005 Posts: 96	Epass Wallet a SCAM from day 1 Everything is clear to me now of the reasons why Epass went down and how it all happened. Because I didn't have basic knowledge of how things work in the bank/financial system I couldn't see it until it was too late. Now I believe a blind man could see Epass was going down and all by scamming thousands of users with one simple move: The Epass Wallet feature Mr Mallick has started Epass and was making money by charging different amounts of money for different "financial" transactions. Remember: he was making all his money JUST by charging a fee for the transactions. He did not have any access to the actual money involved in the transactions. As we have seen all money involved with Visa cards are prepaid money that have to be hold/locked by the bank. This is how Visa cards work, all transactions happen instantly only for you and me to see, but behind the scenes that's not the case. They need a 30 day buffer to complete the transactions physically and so the money need to be locked. In this case by the SKNB. So Mr Mallick invented the Epass Wallet where you could keep your funds "safe". Using this scam he could actually use the money involved in the transactions. Once this was created, the safety of the strict VISA regulations enforced by the SKNB were no longer applying to yours and my money. That's the moment when a piramidal game was created that finally went the way all piramidal schemes go. So basically Mr Mallick was NOT satisfied by making money from charging a per transaction fee, he wanted and gained access to the funds themselves, making him a clever, vicious crook and not a kind man willing to do anything for his clients as he poses himself into. When the card castle begun to fall, SKNB did the only thing right, stopping its services to Epass and saving what was to be saved. It released a statement and unlocked the money after 30 days because I think that's standard for all the money involved to get unlocked from the existing transactions they were involved in, like I said in reality transactions don't happen instantly, a buffer period is needed for an operation to be completed. As you can see Mr Mallick is an evil, ruthless man that came with an evil scheme that would trick thousands out of their own money. The SKNB did what was right in the situation even if it could have warned us earlier in the process, when the wallet money started evading the protection of the VISA roof, which logo and trademarks were wrongfully used by Epass We will not see money again, but I would like very much to see a class act started against Mr Mallick and the companies administrating Epass, located California USA. I wouldn't want this man to mind about his business, like he is now, like nothing ever happened. He is a thief and needs to officially be known and labeled as one. I am not located in US and my country will not help me very much with this situation so I believe someone from California should try and get a hold of a lawyer Thanks for having the patience to read until this end.