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Old 10-19-2010, 11:05 PM  
stocktrader23
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Join Date: Jan 2003
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Quote:
Originally Posted by bossku69 View Post
sadly enough, you hit the nail right on the head. however, a LOT of people have no clue how banks operate, and I only know this because I had a friend in the banking industry who explained it to me one night.

and with epass being incorporated in another country, I bought they have as strict guidelines and rules as the US does, which only means there is even less $$ to go around
I know how banks work, that is not the issue. Banks are setup specifically to operate on the fractional reserve system. They have, you know, things in place to make them a little safer with that and deposits from any non retards are 100% guaranteed.

I'm not going to act like I'm an expert on the banking laws, especially in whatever country Epassporte was setup in but I know that I have checked on stuff like this before and everything I read on it said that if you hold customers money YOU HAVE TO KEEP IT IN FULL, IN A SEPARATE ACCOUNT. You cannot borrow it, steal it, pay employees with it, etc.

So, like I said. Epassporte could be 100% dirty but it's fucking retarded and not how any middle man dealing with money should operate. The OP acts like the only way to pay employees is by stealing the cash and running a ponzi. This is 100% false.
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