Why ePassporte was shut down by Visa

[DonnieDrunko]

Any intelligent human being can gather that one of the most likely reasons ePassporte went down is because Visa had no way of making sure that ePassporte users where NOT using the service to hide/transfer money to avoid taxes.

I am not insinuating people did that, but you have to admit, ePassporte was a very easy way to get paid and never report the income. It was a compelling tool to break the laws.

Disclaimer: I don?t know anyone with ePassporte and not affiliated with them in any way and this is simply my opinion.

[Machete_]

Originally Posted by DonnieDrunko

Why ePassporte was shut down by Visa

it wasn't you fucking idiot

[TheDA]

Originally Posted by DonnieDrunko

Any intelligent human being can gather that one of the most likely reasons ePassporte went down is because Visa had no way of making sure that ePassporte users where NOT using the service to hide/transfer money to avoid taxes.

I am not insinuating people did that, but you have to admit, ePassporte was a very easy way to get paid and never report the income. It was a compelling tool to break the laws.

Disclaimer: I don?t know anyone with ePassporte and not affiliated with them in any way and this is simply my opinion.

People did do that.

[The Duck]

[stocktrader23]

I got shit related to the new regulations regarding my MAINSTREAM prepaid cards from Wal-Mart. Knew it was only a matter of time until this stuff (I have 14 accounts, lol) was slapped down.

[just a punk]

Originally Posted by DonnieDrunko

Any intelligent human being can gather that one of the most likely reasons ePassporte went down is because Visa had no way of making sure that ePassporte users where NOT using the service to hide/transfer money to avoid taxes.

1) VISA gives a flying fuck about your taxes because VISA is not IRS.
2) VISA was not shout down epass cards.

[Andre]

Visa is not IRS, but IRS can influence Visa.

Originally Posted by cyberxxx

1) VISA gives a flying fuck about your taxes because VISA is not IRS.
2) VISA was not shout down epass cards.

[just a punk]

My dick can influence VISA to, so what?

[nsacm]

if the irs was involved, they would have has apress release. they love this kind of stuff

[pinkbits]

haha Funny stuff!

[Hermes]

Originally Posted by DonnieDrunko

Any intelligent human being can gather that one of the most likely reasons ePassporte went down is because Visa had no way of making sure that ePassporte users where NOT using the service to hide/transfer money to avoid taxes.

But isn't this same true with ALL these other services that offer money transfer services and prepaid cards?

According to krebsonsecurity, Visa said this:

At the request of St. Kitts-Nevis-Anguilla National Bank (SKNA), on September 2, 2010, Visa blocked network access for prepaid cards issued by SKNA and operated by ePassporte.com to address certain program deficiencies.

So the prepaid card issuing bank saw some "program deficiencies" with epass. Who knows, it could be related to new prepaid card regulations, or just some balances didn't match up. I'd just like to see some real info, but now there's only all kind of theories around.

[SmokeyTheBear]

Originally Posted by DonnieDrunko

Any intelligent human being can gather that one of the most likely reasons ePassporte went down is because Visa had no way of making sure that ePassporte users where NOT using the service to hide/transfer money to avoid taxes.

in theory it sounds good , in reality no different than any bank. Obviously the gov has some push but visa is a biz , they just follow the rules.

Originally Posted by DonnieDrunko

I am not insinuating people did that,

obviously some people will avoid taxes using any means nec. bank, western union , etc

Originally Posted by DonnieDrunko

you have to admit, ePassporte was a very easy way to get paid and never report the income. It was a compelling tool to break the laws.

no more than any bank. US based sites report your income to the irs anyways, regardless of how you recieve it. so having epassporte doesn't help one iota, NON-us based companies pre-epassporte would simply send you a check , you deposit in bank.


Not that your theory is completely bunk, i think the real reason has a bit of everything.

st kitts mad because epass started using the wallet to cut out st kitts
st kitts mad because epass "perhaps" started draining stagnant accounts ( remember how epass started x cross-sales )
st kitts mad because epass can use programming to bypass visa reg's/irs/terrorism


everything usually boils down to money or sex and someone isn't getting one of those. Sex isn't an issue here so that leaves money. Someone wasn't getting enough money. Visa was getting their cut, epass was getting their cut, st kitts was slowly losing their cut..

[Jarmusch]

Do you think VISA cares if people aren't paying taxes? They care about their bottom line (fees from transactions). Leaving ePassporte running would be in their best interest.

[SmokeyTheBear]

Originally Posted by Hermes

So the prepaid card issuing bank saw some "program deficiencies" with epass. Who knows, it could be related to new prepaid card regulations, or just some balances didn't match up. I'd just like to see some real info, but now there's only all kind of theories around.

60 days before st kitts pulled the plug the gov made visa issue new rules for prepaid cards, they gave prepaid visa banks like st kitts 30 days to comply. but that's not the whole story , st kitts makes nothing by pulling the plug. st kitts WANTS epass to comply. Problem is st kitts bank can use the fact epass is using wallet to bypass st kitts as leverage, by saying they would be required to file reports on those transactions. Epass can't possibly comply under the existing rules if the bossman(st kitts) is being a stickler. st kitts wanted a deal with epass to make more $$ , is my guess.

[DatingGold]

People hide money everyday using Visa.. I doubt that had anything to do with it

[TylerBang]

Originally Posted by Jesus H Christ

my theory is the movie insurance underwriter dropped out because they knew the film would bomb and ePass then insured the film "Middle Men" with your funds. Not that hard to figure out actually...

Just came across some court documents, thought I would share this info.

Epass was being sued (no surprise) in Sept. 2010 for another issue in which they were attempting not to pay an affiliate his funds.
Basically it goes like this.

1.The attorney for Plaintiff issues a deposition Subpoena to Epassporte.
Gregory Elias responds by saying "sorry, epassporte is a Curacao co. and doesn't respond to u.s. subpoenas, try a curacao court."

2. The attorney for Plaintiff issues demand for documents to same with same response.

3. The attorney for Plaintiff issues same to Joseph Mccann (mallicks u.s. atty) for 24-7 commerical mktg, Mccann responds that they can't because those belong to epassporte and any documentation that 24-7 CM has is subject to confidentiality ...etc.. you must ask Epassporte.

4. The attorney for Plaintiff issues supoena for Epass employees, Joseph Mccann (mallicks atty) now responds (surprise) that he is the atty for Epass AND 24-7cm, but that Epass has No U.S. employee's and only has ONE EMPLOYEE. Who is Epass' only employee?

Gregory Elias.

A one man company. He must have been so busy.

Based on the documentation, this one had been going on for over a year, and for not much money. The plaintiff just stuck with it because he didn't want to let Mallick rip him off.

[icymelon]

could have been that epass was dipping into your money and spending it and had a liquidity issue?

[signupdamnit]

Originally Posted by TylerBang

Just came across some court documents, thought I would share this info.

Epass was being sued (no surprise) in Sept. 2010 for another issue in which they were attempting not to pay an affiliate his funds.
Basically it goes like this.

1.The attorney for Plaintiff issues a deposition Subpoena to Epassporte.
Gregory Elias responds by saying "sorry, epassporte is a Curacao co. and doesn't respond to u.s. subpoenas, try a curacao court."

2. The attorney for Plaintiff issues demand for documents to same with same response.

3. The attorney for Plaintiff issues same to Joseph Mccann (mallicks u.s. atty) for 24-7 commerical mktg, Mccann responds that they can't because those belong to epassporte and any documentation that 24-7 CM has is subject to confidentiality ...etc.. you must ask Epassporte.

4. The attorney for Plaintiff issues supoena for Epass employees, Joseph Mccann (mallicks atty) now responds (surprise) that he is the atty for Epass AND 24-7cm, but that Epass has No U.S. employee's and only has ONE EMPLOYEE. Who is Epass' only employee?

Gregory Elias.

A one man company. He must have been so busy.

Based on the documentation, this one had been going on for over a year, and for not much money. The plaintiff just stuck with it because he didn't want to let Mallick rip him off.

Interesting info. Please share links or specific information such as docket or case numbers so that it can be verified.

One thing I will say is that if the US government ever did want to attack this industry it would probably find it very easy. I bet a huge swath could be taken out for fraud related charges alone. I think there are many who operate on the edge of the law and have a false sense of security.

[marketsmart]

chris mallick is sitting in his lair laughing at all who he stole money from..

someday chris will make a wrong turn down the wrong alley and his misdeeds will be paid for with his soul..

i am not guessing this will happen...

baby jesus told me in a dream...






.

[SallyRand]

Originally Posted by marketsmart

chris mallick is sitting in his lair laughing at all who he stole money from..

someday chris will make a wrong turn down the wrong alley and his misdeeds will be paid for with his soul..

i am not guessing this will happen...

baby jesus told me in a dream...






.

No he won't.

He is too High Profile and he lost themoney anyway in his movie production company. I'm sure that he took care of himself but had he committed prsecutalbe crimes, he would have gone down long ago.

It's all in the TOS which all ePassporte users agreed to.

ePassporte acount holders are fucked.

Permanently.

I feel sorry for them but I never trusted ePass from the start, so did not lose one thin dime but was indeed able to help a few people get some money out.

Way too many "We can do this! ;)" things and no real verification required for signup, which was a really, really big violation of the TOS of VISA and in complete violation of US law and of course, no matter where you accept or do VISA, that transaction is subject to US law.

VISA is a US corporation, regardless of where you do biz with it and in the end, US law will trump.

And it did.

Best to move along and do the best that you can to recover your losses.

[raymor]

Well that and the fact that Malick spent all the money making a movie that never hit theaters!
Here's what happened. Epass had our money in a bank. They then decided to open their OWN bank. So then our money is during in a bank owned by Malick. (A lot of it, anyway.) Malick decides to make a movie, so he needs to borrow several million from a bank. Which bank does he get the loan from? The bank he owns! So our money, which epass handed to the bank, is at that point loaned to Malick's production company. That's all fine because when people buy tickets to the movie the loan will be paid back and the bank will have our money. Except that the movie sucked so bad it never went national. Only $150,000 in tickets were sold for a movie that cost millions to make. Malick's movie company can't pay back the loan. Our money is gone. Malick'a bank goes out businesss.

Yet someone eventually saw two it that we got our money back, at least debit card money. It took a couple of months, but my money was returned to me.

From what I can see, Malick went from high roller to losing it all by risking our money and his business ib the movie. I don'tb think he's "laughing" about going from the king of porn payments to unemployed. Malick is definitely an asshole for rising our money on the movie loan. Still, the fact that the money was eventually repaid makes me suspect that the head of epass, Malick, did some work to make that happen. It doesn't make up gor him losing the money for months, but it suggests that he not laughing about the situation.

[charlie g]

Originally Posted by SallyRand

No he won't.

He is too High Profile and he lost themoney anyway in his movie production company. I'm sure that he took care of himself but had he committed prsecutalbe crimes, he would have gone down long ago.

It's all in the TOS which all ePassporte users agreed to.

ePassporte acount holders are fucked.

Permanently.

I feel sorry for them but I never trusted ePass from the start, so did not lose one thin dime but was indeed able to help a few people get some money out.

Way too many "We can do this! ;)" things and no real verification required for signup, which was a really, really big violation of the TOS of VISA and in complete violation of US law and of course, no matter where you accept or do VISA, that transaction is subject to US law.

VISA is a US corporation, regardless of where you do biz with it and in the end, US law will trump.

And it did.

Best to move along and do the best that you can to recover your losses.

My itchy clit thinks you are onto something BIG BIG BIG

Really happy you helped out all of those people out Sally.... but didn't you and your friend hatch out a plan to do the same thing that CM did???? Except he was able to do it and...well, you and your stinky clit couldn't.


peace out homie

[AdultKing]

Originally Posted by SallyRand

All of my customers are fucked.

Permanently.

I feel sorry for them but it's been obvious I am a scammer from the start, so did not lose one thin dime but was indeed able to scam a few people who were gulliable enough to believe I could get some money out.

Best to move along as there is nothing that you can do to recover your losses.

Fixed that for you scammer.

[k0nr4d]

Originally Posted by raymor

Well that and the fact that Malick spent all the money making a movie that never hit theaters!
Here's what happened. Epass had our money in a bank. They then decided to open their OWN bank. So then our money is during in a bank owned by Malick. (A lot of it, anyway.) Malick decides to make a movie, so he needs to borrow several million from a bank. Which bank does he get the loan from? The bank he owns! So our money, which epass handed to the bank, is at that point loaned to Malick's production company. That's all fine because when people buy tickets to the movie the loan will be paid back and the bank will have our money. Except that the movie sucked so bad it never went national. Only $150,000 in tickets were sold for a movie that cost millions to make. Malick's movie company can't pay back the loan. Our money is gone. Malick'a bank goes out businesss.

Yet someone eventually saw two it that we got our money back, at least debit card money. It took a couple of months, but my money was returned to me.

From what I can see, Malick went from high roller to losing it all by risking our money and his business ib the movie. I don'tb think he's "laughing" about going from the king of porn payments to unemployed. Malick is definitely an asshole for rising our money on the movie loan. Still, the fact that the money was eventually repaid makes me suspect that the head of epass, Malick, did some work to make that happen. It doesn't make up gor him losing the money for months, but it suggests that he not laughing about the situation.

I wonder what exactly made the movie flop? It was a decent flick

[TylerBang]

Originally Posted by raymor

Yet someone eventually saw two it that we got our money back, at least debit card money. It took a couple of months, but my money was returned to me.

That money was in SKNANB in the VISA account, had nothing to do with Mallick

Originally Posted by raymor

Malick is definitely an asshole for rising our money on the movie loan. Still, the fact that the money was eventually repaid makes me suspect that the head of epass, Malick, did some work to make that happen.

Mallick had no control of the VISA acct. funds, remember? SKNANB asked VISA to turn off his (epassporte's) access to those funds.
The bank SKNANB then arranged to give people back their VISA acct. funds.

Everyone else who trusted Mallick and his "Safe Wallet" had their money embezzled. People were not told that the "Safe Wallet" was actually outside of Visa/SKNANB, as they transfered their money away forever.
In the USA, It's called fraud.

[HomerSimpson]

[adultzone]

ePassporte was shut down due to negative balance of the account of Chris Mallick because he use to pay our money for his own movie. :D

[Markul]

Originally Posted by HomerSimpson

+ 1

[adultchatpay]

Epassporte sucks!