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atheos · 02-23-2011, 12:07 PM

cut/paste some text in different order:

Then, in April 2008, following a visit from the FBI, ePassporte quit the online-poker business. "It was probably 75 percent of our revenue," Mallick says. "It cost us a fortune to quit. And I'm convinced that had we continued, we wouldn't have had any legal problems." He withdrew, he says, because ePassporte had worked closely with law enforcement on issues like tracking card fraud and money laundering, and he didn't want to jeopardize that relationship. "We weren't going to poke a stick in their face over this. So with an abundance of caution, we stopped."

Regardless, ePassporte was never prosecuted or fined. "The government just doesn't have the resources to punish everyone who violates the law, ?. "Following UIGEA, the people in the industry of good faith left the market.". The U.S. Attorney's office declined to comment because charges were never filed. The FBI did not respond to repeated requests to comment for this article.

For those who claim otherwise, he has a promise: "Everyone that is owed money?to the extent that I have anything to do with it?will be paid."

Mallick claims he was in discussions to sell the company to SKNA, which would allow him to devote himself full-time to filmmaking. And where account holders' funds had exclusively been held at one bank?SKNA, which fell under Visa's oversight?now ePassporte was encouraging its customers to wire their funds to first one then another non-Visa-accredited bank on the nearby island of Curaçao. In September 2010, the designated bank was United International Bank (UIB), where ePassporte's managing director, Gregory Elias, sat on the supervisory board.

He can't explain why Visa abruptly terminated its relationship with ePassporte: "I have a lot of ideas about what's going on, but I don't have any facts." He insists the credit-card company is responsible. Visa says it was merely responding to a request from SKNA. And SKNA won't comment, pending possible litigation.

..."and I can't say it out loud, but I know exactly what happened here." And then he says it: SKNA may have screwed him. "It's Gordon Gekko 101?if you want to buy something, you cripple it, break it up, buy the pieces for cheap, and reassemble it later. . . ."

He promises that one day the truth about ePassporte's mysterious implosion will come out. "I know all sorts of things about why this happened. And if I tell anyone, I'll tell you," he says, then smiles. "I'm a filmmaker, I reference movies. You got to think about what Hal Holbrook says in All the President's Men: 'Follow the money!' Who stands to gain? Who stands to benefit? If you think about that for long enough, you'll figure it out."

Read More http://www.details.com/culture-trend...ick-middle-men

what is mallick not telling but strongly suggesting here?

02-23-2011, 12:07 PM
atheos Too lazy to set a custom title Join Date: Oct 2002 Posts: 16,606	cut/paste some text in different order: Then, in April 2008, following a visit from the FBI, ePassporte quit the online-poker business. "It was probably 75 percent of our revenue," Mallick says. "It cost us a fortune to quit. And I'm convinced that had we continued, we wouldn't have had any legal problems." He withdrew, he says, because ePassporte had worked closely with law enforcement on issues like tracking card fraud and money laundering, and he didn't want to jeopardize that relationship. "We weren't going to poke a stick in their face over this. So with an abundance of caution, we stopped." Regardless, ePassporte was never prosecuted or fined. "The government just doesn't have the resources to punish everyone who violates the law, ?. "Following UIGEA, the people in the industry of good faith left the market.". The U.S. Attorney's office declined to comment because charges were never filed. The FBI did not respond to repeated requests to comment for this article. For those who claim otherwise, he has a promise: "Everyone that is owed money?to the extent that I have anything to do with it?will be paid." Mallick claims he was in discussions to sell the company to SKNA, which would allow him to devote himself full-time to filmmaking. And where account holders' funds had exclusively been held at one bank?SKNA, which fell under Visa's oversight?now ePassporte was encouraging its customers to wire their funds to first one then another non-Visa-accredited bank on the nearby island of Curaçao. In September 2010, the designated bank was United International Bank (UIB), where ePassporte's managing director, Gregory Elias, sat on the supervisory board. He can't explain why Visa abruptly terminated its relationship with ePassporte: "I have a lot of ideas about what's going on, but I don't have any facts." He insists the credit-card company is responsible. Visa says it was merely responding to a request from SKNA. And SKNA won't comment, pending possible litigation. ..."and I can't say it out loud, but I know exactly what happened here." And then he says it: SKNA may have screwed him. "It's Gordon Gekko 101?if you want to buy something, you cripple it, break it up, buy the pieces for cheap, and reassemble it later. . . ." He promises that one day the truth about ePassporte's mysterious implosion will come out. "I know all sorts of things about why this happened. And if I tell anyone, I'll tell you," he says, then smiles. "I'm a filmmaker, I reference movies. You got to think about what Hal Holbrook says in All the President's Men: 'Follow the money!' Who stands to gain? Who stands to benefit? If you think about that for long enough, you'll figure it out." Read More http://www.details.com/culture-trend...ick-middle-men what is mallick not telling but strongly suggesting here?