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Old 03-23-2023, 08:35 AM  
Michael O
More Cowbell
 
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Join Date: Jul 2001
Location: Nakhom Nowhere
Posts: 10,607
Quote:
Originally Posted by RuthB View Post
We are exploring an option to legally go after the Guardian in the near future (the Guardian was the originator of this story).
LOL The Guardian is one of the most respected news papers in the world, when a whistleblower wants to blow the whistle they contact The Guardian. They don't run with gossip. I assume this is the story https://www.theguardian.com/us-news/...ney-laundering

So Paxum is owned by a Russian with ties to Putin, we always knew it was a Russian in control of Paxum and before (irony) the special military operation in Ukraine(/irony) it were not a problem because who cares.

Now PaxumBank is on the radar.

The downfall of ePassporte started when the AG of CA came into the office and said that it would be a good idea to stop the transactions to poker sites or they would open a case, we did $500 mill a year at about 10% fees to poker sites, so it was a bit of a blow. Chris "borrowing" money from the Visa guarantee to do his vanity project doomed the company.


So PaxumBank is now on the radar and its a lot bigger that doing poker transactions.
If I had a Paxum account I would keep the balance at $0 because its only a matter of time before the US Gov are blacklisting them and then ACHs are a no no and then MC will follow shortly.

So when ACH are stopped because of a technical issue......... run!!!!!
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