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Old 10-19-2010, 11:19 PM  
TylerBang
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Join Date: May 2007
Posts: 506
Quote:
Originally Posted by stocktrader23 View Post
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.

I was with you until I started to question the eWallet feature.

"Payments leaving the business are typically transferred internally to a pseudo bank account located in the company?s home bank(curacao?). The eWallet funding account is a pooled account of all payments made to all of the payees. Funds in the eWallet funding account are still under the of the company until they are moved by the eWallet accountholder. Global Payout eWallet August 2009"

http://www.slideshare.net/leonardgib...wallet-2728247

At what point did we give permission to send our money outside the stability of the Visa Intl. system? At the point that epass told us our cards were in danger and we needed to move it into the "wallet" for safety.
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