Quote:
Originally Posted by bellskids
I doubt you will get fuck all. I received updates from the lawyers handling globill's demise and subsequent lawsuits. Every month for about 3 years i would receive a letter stamped all over with US Bankruptcy notifications (postman in UK must have thought I was in shit lol), the amount of money retrieved was tiny. And turned out those letters were worth $25 a pop to the lawyers who of course swallowed all the proceeds.
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Sigh. Your comparing apples to oranges. Epassporte has operated like a bank, globill did not. US banks are required to keep what 10% of deposits on hand in cash? They invest the rest man. That's how they make money. Anyone thinking that epassporte at any time kept everyones money on a cash account and didn't invest it is not thinking clearly. Well those investments can be traced can't they? Of course they can. They are ASSETS that can be siezed. Does anyone really think epassporte made money just from the transfer fees they charged? LOL. wow
4 years ago 5 year cd's were paying 5% and thats NO RISK cds. 5% on 1 mill US is $50k a year in interest alone. Now take that same 1 mill of OUR epassporte funds put them in a riskier 10% interest investment thats 100k interest a year. Rinse and repeat, this is how money is made, fees are nothing compared to the interest made on funds in the account.