Can St Kitts still trade / invest our frozen money...? - GoFuckYourself.com

~Ray · 09-30-2010, 07:04 AM

Can St Kitts trade / invest our money if we do not have access to it? Isn't there some banking law that says that the bank cannot profit from client's funds if the clients do not have access to those funds?

..ie.. frozen funds cannot be invested?

It should be easy to see if St Kitts Bank reduced it's daily investments at the same time our funds were frozen. If not, they may still be profiting from our frozen funds.

frozen funds are not in motion.

~Ray

woj · 09-30-2010, 07:12 AM

you should be praying that you will get ANY $$ back, now you want interest too?

Domain Broker · 09-30-2010, 07:14 AM

Since they are the ones that froze them I think they can do about anything with them.

Rui · 09-30-2010, 07:15 AM

Quote:

Originally Posted by woj

you should be praying that you will get ANY $$ back, now you want interest too?

We have a winner!

Agent 488 · 09-30-2010, 07:15 AM

who knows what banking "laws" an offshore haven and third world island of 30,000 people have.

gumdrop · 09-30-2010, 07:18 AM

They are doing that now to try bailout TCI Bank:

http://www.tcweeklynews.com/ecic-vow...sh-p2122-1.htm

Davy · 09-30-2010, 07:19 AM

Would they be working on a *technical* solution if the money was not available?

Sly · 09-30-2010, 07:23 AM

An American bank would need to hold a certain percentage of all deposits in reserves, but I think there is some misconception here. There isn't a big vault in the back of the bank holding cash. Once you deposit, "your money" is simply a number in some computers. It is not hard cash. The minute you deposit, that money is gone on to other things... investments, loans, whatever.

So yes, they have spent every penny of "your money" And most likely have already made profit from it. That's what a bank does.

seeandsee · 09-30-2010, 07:35 AM

we will get candies :D

gumdrop · 09-30-2010, 07:48 AM

Quote:

Originally Posted by seeandsee

we will get candies :D

Most likely suckers.....

ottopottomouse · 09-30-2010, 07:52 AM

Banking law doesn't apply to tiny islands in the middle of nowhere.

LongBG · 09-30-2010, 07:53 AM

Quote:

Originally Posted by seeandsee

we will get candies :D

What type of candies?

Candies are cool.

signupdamnit · 09-30-2010, 08:02 AM

Unfortunately these are the type of questions people should have been asking before using them. I'm guessing the laws are probably quite bit more lax over there although I would think there might still be some international guidelines which apply. Much of it might go out the window in cases where the institution is near insolvency, however.

Davy · 09-30-2010, 08:04 AM

Well, all the alternatives to epassporte are run like this, no?
Or is there a solid us-based company like epassporte that does all its business from the US?

Dirty Dane · 09-30-2010, 08:05 AM

Maybe they should invest in their own security.

strobi · 09-30-2010, 09:00 AM

Quote:

Originally Posted by ottopottomouse

Banking law doesn't apply to tiny islands in the middle of nowhere.

Sure they do. Big multinationals invest billions in offshore havens. If they lose a few billion, they just say "mm chalk it up as a loss!".

Dollarmansteve · 09-30-2010, 09:26 AM

What money? There is no money, there's just a number in a computer.

~Ray · 09-30-2010, 09:48 AM

Quote:

Originally Posted by woj

you should be praying that you will get ANY $$ back, now you want interest too?

What I meant was... since our funds are frozen by the bank... then the bank should not be able to trade/invest our funds until they unfreeze them.

I mean, How can the bank take our money, invest and profit from it while not allowing account holders (us) access to it? Seems illegal or at least unethical.

Agent 488 · 09-30-2010, 09:52 AM

who knows what the laws are? what the capital requirements are? it's a shitbox bank on a tiny island. they will protect their own, not a bunch of powerless porn webmasters scattered across the globe ...

Oracle Porn · 09-30-2010, 10:02 AM

there's no safety in numbers

Sly · 09-30-2010, 10:11 AM

Quote:

Originally Posted by ~Ray

What I meant was... since our funds are frozen by the bank... then the bank should not be able to trade/invest our funds until they unfreeze them.

I mean, How can the bank take our money, invest and profit from it while not allowing account holders (us) access to it? Seems illegal or at least unethical.

The bank spent "your money" long before anything was frozen. The minute it's in, it's gone.

over38 · 09-30-2010, 11:09 AM

Even American / Western banks are basically 'legal' Ponzi Schemes..............

Allison · 09-30-2010, 11:25 AM

Quote:

Originally Posted by woj

you should be praying that you will get ANY $$ back, now you want interest too?

when paypal froze funds, they paid it back with interest.

Rui · 09-30-2010, 01:23 PM

Quote:

Originally Posted by Allison

when paypal froze funds, they paid it back with interest.

Dont really think its fair to compare Paypal to ePass (fair to Paypal of course).

The past weeks just shed some more light on the shadiness behind this sort of service and well...if we think about it, I'm sure everybody can easily can think of 10 good reasons ePass shouldn't be active it is..

Disclamer: Have (and still have a little hope to get the) money stuck on my VV..

~Ray · 09-30-2010, 03:40 PM

Quote:

Originally Posted by Agent 488

who knows what the laws are? what the capital requirements are? it's a shitbox bank on a tiny island. they will protect their own, not a bunch of powerless porn webmasters scattered across the globe ...

we have a decent amount of power against warning others about using shady programs. Maybe St Kitts can't handle the negative assult on their rep? We could at least tell the truth and make them a joke to use. I believe it's called "search engine fodder".

mightyjoe · 09-30-2010, 03:49 PM

no frozen funds there. the epass funds are all goes for mallick name or account. he did withdraw the half of it one week before the epass went down.

and on the 15th, he withdraw the remaining 95%, and only 5% left

FighterSpirit · 09-30-2010, 03:57 PM

Quote:

Originally Posted by mightyjoe

no frozen funds there. the epass funds are all goes for mallick name or account. he did withdraw the half of it one week before the epass went down.

and on the 15th, he withdraw the remaining 95%, and only 5% left

where you find that???

are you joking or what!!

Hentaikid · 09-30-2010, 04:10 PM

I doubt there's a separate pile of cash with "Epassporte money, do not touch" on it, no. Just like any money in any account the bank will tell you the money is all there, and it is, just not if everyone in the bank wants to withdraw at once, it's called a run on the bank and then they're in trouble.

procam · 09-30-2010, 04:49 PM

Quote:

Originally Posted by ~Ray

Can St Kitts trade / invest our money if we do not have access to it? Isn't there some banking law that says that the bank cannot profit from client's funds if the clients do not have access to those funds?

..ie.. frozen funds cannot be invested?

It should be easy to see if St Kitts Bank reduced it's daily investments at the same time our funds were frozen. If not, they may still be profiting from our frozen funds.

frozen funds are not in motion.

~Ray

You really gotta be fucking kidding me - dude you are talking about a country that SELLS citizenships and passports !

Agent 488 · 09-30-2010, 05:25 PM

Quote:

Originally Posted by ~Ray

we have a decent amount of power against warning others about using shady programs. Maybe St Kitts can't handle the negative assult on their rep? We could at least tell the truth and make them a joke to use. I believe it's called "search engine fodder".

this is where the money is stored dude.

you think they care?

PornMD · 09-30-2010, 06:02 PM

Quote:

Originally Posted by ~Ray

I mean, How can the bank take our money, invest and profit from it while not allowing account holders (us) access to it? Seems illegal or at least unethical.

I know...maybe time to start a bank, eh guvna?

09-30-2010, 07:04 AM	#1
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	Can St Kitts still trade / invest our frozen money...? Can St Kitts trade / invest our money if we do not have access to it? Isn't there some banking law that says that the bank cannot profit from client's funds if the clients do not have access to those funds? ..ie.. frozen funds cannot be invested? It should be easy to see if St Kitts Bank reduced it's daily investments at the same time our funds were frozen. If not, they may still be profiting from our frozen funds. frozen funds are not in motion. ~Ray __________________ Adult Backlinks for Adult Websites - Testimonials Available Last edited by ~Ray; 09-30-2010 at 07:06 AM..

09-30-2010, 07:12 AM	#2
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	you should be praying that you will get ANY $$ back, now you want interest too? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

09-30-2010, 07:18 AM	#6
gumdrop Confirmed User Join Date: Feb 2005 Posts: 482	They are doing that now to try bailout TCI Bank: http://www.tcweeklynews.com/ecic-vow...sh-p2122-1.htm __________________ I am NOT Godaddy! Most excellent Domains & Cheap Hosting “Buy an iPad, kill a Chinaman” - Brendan O’Neill

09-30-2010, 07:19 AM	#7
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	Would they be working on a technical solution if the money was not available? __________________ --- ICQ 14-76-98 <-- I don't use this at all

09-30-2010, 07:23 AM	#8
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,328	An American bank would need to hold a certain percentage of all deposits in reserves, but I think there is some misconception here. There isn't a big vault in the back of the bank holding cash. Once you deposit, "your money" is simply a number in some computers. It is not hard cash. The minute you deposit, that money is gone on to other things... investments, loans, whatever. So yes, they have spent every penny of "your money" And most likely have already made profit from it. That's what a bank does. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

09-30-2010, 07:14 AM	#3
Domain Broker So Fucking Banned Industry Role: Join Date: Oct 2004 Posts: 2,427	Since they are the ones that froze them I think they can do about anything with them.

09-30-2010, 07:15 AM	#5
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	who knows what banking "laws" an offshore haven and third world island of 30,000 people have.

09-30-2010, 07:35 AM	#9
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	we will get candies :D __________________ BUY MY SIG - 50$/Year Contact here

09-30-2010, 07:52 AM	#11
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	Banking law doesn't apply to tiny islands in the middle of nowhere. __________________ ↑ see post ↑ 13101

09-30-2010, 08:02 AM	#13
signupdamnit Confirmed User Industry Role: Join Date: Aug 2007 Posts: 6,697	Unfortunately these are the type of questions people should have been asking before using them. I'm guessing the laws are probably quite bit more lax over there although I would think there might still be some international guidelines which apply. Much of it might go out the window in cases where the institution is near insolvency, however.

09-30-2010, 08:04 AM	#14
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	Well, all the alternatives to epassporte are run like this, no? Or is there a solid us-based company like epassporte that does all its business from the US? __________________ --- ICQ 14-76-98 <-- I don't use this at all

09-30-2010, 08:05 AM	#15
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	Maybe they should invest in their own security.

09-30-2010, 09:26 AM	#17
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	What money? There is no money, there's just a number in a computer. __________________ I died.

09-30-2010, 09:52 AM	#19
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	who knows what the laws are? what the capital requirements are? it's a shitbox bank on a tiny island. they will protect their own, not a bunch of powerless porn webmasters scattered across the globe ...

09-30-2010, 10:02 AM	#20
Oracle Porn Affiliate Industry Role: Join Date: Oct 2002 Location: Icq: 94-399-723 Posts: 24,433	there's no safety in numbers __________________

09-30-2010, 11:09 AM	#22
over38 Confirmed User Industry Role: Join Date: Aug 2002 Location: USA Posts: 460	Even American / Western banks are basically 'legal' Ponzi Schemes.............. __________________ Mainstream Blazing Fast SSD WordPress Hosting As Low As $4.97/month! USA Based Support !

09-30-2010, 03:49 PM	#26
mightyjoe Confirmed User Join Date: Jun 2004 Posts: 1,395	no frozen funds there. the epass funds are all goes for mallick name or account. he did withdraw the half of it one week before the epass went down. and on the 15th, he withdraw the remaining 95%, and only 5% left

09-30-2010, 04:10 PM	#28
Hentaikid Confirmed User Join Date: Nov 2002 Posts: 1,249	I doubt there's a separate pile of cash with "Epassporte money, do not touch" on it, no. Just like any money in any account the bank will tell you the money is all there, and it is, just not if everyone in the bank wants to withdraw at once, it's called a run on the bank and then they're in trouble.