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Originally Posted by FightThisPatent
I am not aware, nor have followed any EU court litigation, and not even sure if there is any filed. There are definitely some US cases filed, but that's not part of the EU iBill issues.
If there is an open court case in EU, then I am sure the judge would be talking to the EU Bank and talking to Inteca and probably come up with the resolution to allow the EU Bank to do the deal with Inteca to resolve the money problems.
So the "creditors" don't have any place for their "demands" about knowing about the third party escrow agent. News of what is going on is posted via CMI (though vague to webmasters), but there is not much else to do besides vent on a public board, about a matter that is private between the EU Bank, Inteca, and iBill.
The end result is that EU webmasters get paid. If this doesn't happen, then both the EU bank and the EU court systems will come down on Inteca. For Inteca to assume this kind of liability, you can only assume that they do have the right plan to execute on all of this.
Fight the Constantly Misunderstood Information!
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Inteca? A judge talk to Inteca??? What is Inteca? A judge wants to talk to a $10 internet domain. I don't think so :-)
This part re Inteca/Chris Williams is only part of the iBill problem - the main part, US payments, remains unresolved. Although this thread was concerned more on the current EU issue, - iBill have elected to be a US/Georgia corp operating out of Florida and all creditors of iBill, whether EU or US based have options open in court.
Any escrow agent appointed by iBill is free to keep himself/organization a secret if he so wishes and, no webmaster is under any obligation to listen to either iBill's shit on this subject or pay any attention to an unknown escrow agent, Inteca. This will obviously reduce any chance of success. This is not a court matter - claiming funds/damages from iBill are, regardless of any escrow agent.
You are correct in that cases have been filed in Florida courts and iBill, - least as is known today, still operates under the terms of Georgia law as a Limited Liability Company. (There have been numerous changes to the corp paperwork for IBill recently.)
All creditors of iBill have full rights to make claims for all funds, damages, interest blah by filing suits. There are also other options which I won't say here. Upon judgement, should iBill fail to "deliver" on the court's judgement - the next stage can be that of an application by iBill under Chapter whatever - assuming a judge will hear this or liquidation. In one existing case the judge has declared "iBill's problems are all of their own making".
iBill have entered into agreements to avoid court judgement already and have failed to deliver on this - yet another example of "promises" that failed. There is activity now to follow up on this, plus several other avenues.
On Inteca and Chris Williams, if Mr Williams is in fact operating as a third-party and, (see segpay.com) attempting to establish more security for webmasters within the third party processing model - this is excellent. But, there still remains a total lack of transparency and unknown fundamental facts. Until these are answered, there is no reason to consider Inteca a valid "association" even outside any iBill scenario.
It is also interesting to note that this non-profit association has one member at last check and segpay is "partnering" with this organization. We all have to start somewhere, but this presents a weak picture when connected to iBill's curcumstances.
Bottom line is.. whether iBill/Inteca/Williams think so or not - there is a requirement for transparency. Until that happens, why should anyone even waste time listening to bullshit? Give what is currently known to an attorney or banker and they'd burst out laughing - and have done so already when presented with the "iBill file".
Personally, I don't care about iBill/InterCept/PHSL/Molina/Gallanis - they have demonstrated what real trash is. They have been a blot on the landscape for a long time now and, apart from webmasters as creditors, have caused nothing but harm/damage all around. It is overdue time for the cancer to be removed and look forward to watching surgeons operate.