Epass Wallet a SCAM from day 1 - Page 2 - GoFuckYourself.com

LiLi · 10-06-2010, 06:40 PM

They put the wallet feature because they said our pin's ATM number where in risk :D so that way we can't be robbed. hahahaha

don't you remember or what?

I think i still have that email.

HomerSimpson · 10-06-2010, 06:48 PM

Quote:

Originally Posted by the Shemp

didnt the wallet feature begin in July 2008? ...

omg....
"Since 2008, Mallick has headed Oxymoron Productions, a film company that has several films in the works, including Middle Men..."

looks like that pieces of puzzle are slowly fitting in together...

CPA37710T · 10-06-2010, 07:26 PM

yeah he at first took it as a goodwill loan, betting that the movie was going to be a success, since it failed then epass closed doors, what a coincidence epass closes doors as soon as middle men was released

directfiesta · 10-06-2010, 07:38 PM

Quote:

Originally Posted by CPA37710T

yeah he at first took it as a goodwill loan, betting that the movie was going to be a success, since it failed then epass closed doors, what a coincidence epass closes doors as soon as middle men was released

Watch out .. linking middle men to the collapse will likely get you labelled as an idiot ...
Well it did at the start of the debacle ...

ircks · 10-06-2010, 08:23 PM

Mallick put one feet in my country, I will kill him.... for only u$s1,470

uglyduckling · 10-06-2010, 09:36 PM

if you guys really want to confirm that is how wallet worked, ask the question in the PAXUM thread........the owners are posting there, and establishing a wallet system as well....they seem pretty open how they run their business they might chime in how the wallet really works, then you can at least compare with the poster here if that was the case in epass wallet

greg80 · 10-07-2010, 11:44 AM

bump for this great post

FG_Travis · 10-07-2010, 11:47 AM

Still waiting for a Wallet Wire Requested on Sep 3rd

nothing yet

harvey · 10-07-2010, 11:55 AM

Quote:

Originally Posted by uglyduckling

if you guys really want to confirm that is how wallet worked, ask the question in the PAXUM thread........the owners are posting there, and establishing a wallet system as well....they seem pretty open how they run their business they might chime in how the wallet really works, then you can at least compare with the poster here if that was the case in epass wallet

Just in case, I know EXACTLY how e-wallets work, don't need anyone to tell me. In any case, if someone wants to tell me why a given e-wallet system is different to any other existing one, I'm all ears, pretty curious about that

V_RocKs · 10-08-2010, 03:48 AM

I believe it works something like this:

Visa -> Virtual Visa -> St Kitts -> Individual accounts with everyone having their own tied to their number.

Bank -> Wallet Company -> The company keeps track of your share of their single account. You don't have any individual account with the bank itself.

Ron2k1 · 10-08-2010, 04:03 AM

Quote:

Originally Posted by V_RocKs

I believe it works something like this:

Visa -> Virtual Visa -> St Kitts -> Individual accounts with everyone having their own tied to their number.

Bank -> Wallet Company -> The company keeps track of your share of their single account. You don't have any individual account with the bank itself.

Yeah something like that seems to be correct, and the second thing was controlled by epassporte itself so it was easy for them to use a part of it to invest

TylerBang · 10-10-2010, 11:19 PM

Quote:

Originally Posted by catalin

Everything is clear to me now of the reasons why Epass went down...

So Mr Mallick invented the Epass Wallet where you could keep your funds "safe". Using this scam he could actually use the money involved in the transactions. Once this was created, the safety of the strict VISA regulations enforced by the SKNB were no longer applying to yours and my money. That's the moment when a piramidal game was created that finally went the way all piramidal schemes go.

So basically Mr Mallick was NOT satisfied by making money from charging a per transaction fee, he wanted and gained access to the funds themselves, making him a clever, vicious crook...

As you can see Mr Mallick is an evil, ruthless man that came with an evil scheme that would trick thousands out of their own money. The SKNB did what was right in the situation even if it could have warned us earlier in the process, when the wallet money started evading the protection of the VISA roof, which logo and trademarks were wrongfully used by Epass

So where is the money. Money just changes form but never disappears.
How about all of these companies on the same IP as Mallicks. These media companies run by these women who seem to all have epass/oxymoron as a 'client'. The money seems to be flowing through them as well.

McSpike · 10-11-2010, 01:54 AM

I agree to the point where we call this a scam. Don't get me wrong, I don't defend the guy one bit. On the contrary, he fucked me over of what seems to be a few k as of now (unless the remaining of wires do come).

Now, unless this was planned for him to RUN with our money this was a pure legitimate business move that just hit the ground. Hey may have used the money as insurance to get fat loans for his projects or as co-investment. Which is NO DIFFERENT than what banks do with their money. You know that a run on the bank will cause the bank to go our of business and you don't call this a scam although banks don't have our money stashed in socks and use it just for loans and live off of interest. It's a bit more complicated than that (and more lucrative to add). And you all know it. So this ewallet was just nothing more than turning a virtual card provider into a bank, only that the activities of this "bank" were not as regulated as of your local trusted bank are. From there on the decision of where to invest the money was an unwritten law - it was up to the guy to use it as a seed money in investment that was to multidruple the investment. It's just if the investment was put all into one basket, all put on one horse, then it was very risky and in case of failure you have what we have now.

He still owes us money. That goes without a question.

It may not only be movies. Epass was also registered for real estate business as I was able to see in one of the threads. Whether that money was put into some real estate projects that didn't pay off quickly enough remains a question...

It could be a scam and it could not be a scam, but if it wasn't a scam it was nothing more than a risky business. Wouldn't you just do the same as he did (only that maybe you would spread the risk better)?

I know I would.

It's how the bankers make their millions after all (only they spread the risk much better).

But if this was all a scam, he should fry.

TylerBang · 10-11-2010, 08:02 AM

Quote:

Originally Posted by McSpike

I agree to the point where we call this a scam. Don't get me wrong, I don't defend the guy one bit. On the contrary, he fucked me over of what seems to be a few k as of now (unless the remaining of wires do come).

Now, unless this was planned for him to RUN with our money this was a pure legitimate business move...

The purpose of the business according to filed docs and advert was to provide Visa payment processing under the Visa Intl. agreement and charge fees for such service, not to deceptively transfer out the cash.. away from Visa Virtual system and spend it on whores and personal projects.

gumdrop · 10-11-2010, 09:13 AM

Don't forget Mr. Elias is part of this whole scheme as well....IMHO.

Argos88 · 10-11-2010, 09:36 AM

any news about the WALLET money?

Or people just gave up and resigned their monies while stating: "Money is in motion" or something similar?

.

catalin · 10-11-2010, 10:05 AM

As per SKNANB message I received:

"SKNANB is not related to and or involved in any way with the wallet. As per ePassporte’s multiple public statements, ePassporte is responsible for all aspects of the wallet, as such, please contact ePassporte directly for any information with respect to their wallet product."

waltercooper · 10-11-2010, 11:59 AM

Quote:

Originally Posted by Argos88

any news about the WALLET money?

Or people just gave up and resigned their monies while stating: "Money is in motion" or something similar?

.

I guess that a liquidator has been appointed in curacao by a court to manage the run-off. Contact him.

I posted the names and adress of the local regulator, contact them.

TylerBang · 10-11-2010, 12:26 PM

Quote:

Originally Posted by catalin

As per SKNANB message I received:

"SKNANB is not related to and or involved in any way with the wallet. As per ePassporte?s multiple public statements, ePassporte is responsible for all aspects of the wallet, as such, please contact ePassporte directly for any information with respect to their wallet product."

Funny, I just recieved an email from G. Elias who forwarded my latest "request" (demand for payment) on to cmallick at n247cm dot com as well as a person at SKNANB. Now we come full circle.

Argos88 · 10-11-2010, 07:42 PM

Quote:

Originally Posted by catalin

As per SKNANB message I received:

"SKNANB is not related to and or involved in any way with the wallet. As per ePassporte?s multiple public statements, ePassporte is responsible for all aspects of the wallet, as such, please contact ePassporte directly for any information with respect to their wallet product."

I know but epassporte doesn't answer..

and that ELIAS guy doesn't answer either..

what must we do?

anyone was able to get his wallte funds?

I'm very surprised nobody seems to be worried or talking about it, BAD SIGN.. it looks like people just gave up.. Can't believe we webmasters are so weak, seriously.

.

uglyduckling · 10-11-2010, 08:38 PM

Quote:

Originally Posted by nico-t

exactly! I remember they put the wallet system in use, and in the statement they encouraged it to use it. Why i never understood. It was a superfluous feature to me, i always kept all my money in the VV, and didnt give the wallet much thought.... but this is spot on.
The reason why other companies like this also have ewallets is not ´because they intend to scam´ but because they want to be able to invest the money, just like mallick did with his movies.

you don't know really know if they have intent to scam or not.....or just how stupid their investments can be.....people need to be cautious of crafty future wallet presentations.

uglyduckling · 10-11-2010, 08:41 PM

Quote:

Originally Posted by Argos88

I know but epassporte doesn't answer..

and that ELIAS guy doesn't answer either..

what must we do?

anyone was able to get his wallte funds?

I'm very surprised nobody seems to be worried or talking about it, BAD SIGN.. it looks like people just gave up.. Can't believe we webmasters are so weak, seriously.

.

i think a lot of people are still hoping he will do them right sitting on pins and needles, and waiting for future announcement by or on october 18th

10-06-2010, 08:23 PM	#55
ircks Confirmed User Join Date: Jan 2010 Posts: 108	Mallick put one feet in my country, I will kill him.... for only u$s1,470 __________________ Icq: 342104834 - Movie Submitter

10-07-2010, 11:44 AM	#57
greg80 Confirmed User Industry Role: Join Date: May 2007 Posts: 1,644	bump for this great post __________________ Say no to GoDaddy and high renewal prices! Go with NameSilo - FREE private whois for life, $8.99 regstrations and renewals. Free redirects, emails, great control panel and more! NameSilo rocks!

10-11-2010, 09:13 AM	#65
gumdrop Confirmed User Join Date: Feb 2005 Posts: 482	Don't forget Mr. Elias is part of this whole scheme as well....IMHO. __________________ I am NOT Godaddy! Most excellent Domains & Cheap Hosting “Buy an iPad, kill a Chinaman” - Brendan O’Neill

10-06-2010, 06:40 PM	#51
LiLi Confirmed User Join Date: Feb 2003 Posts: 223	They put the wallet feature because they said our pin's ATM number where in risk :D so that way we can't be robbed. hahahaha don't you remember or what? I think i still have that email.

10-06-2010, 07:26 PM	#53
CPA37710T business ready hit me up! Industry Role: Join Date: Aug 2010 Location: Nearby Posts: 1,115	yeah he at first took it as a goodwill loan, betting that the movie was going to be a success, since it failed then epass closed doors, what a coincidence epass closes doors as soon as middle men was released

10-06-2010, 09:36 PM	#56
uglyduckling So Fucking Banned Industry Role: Join Date: Sep 2010 Posts: 159	if you guys really want to confirm that is how wallet worked, ask the question in the PAXUM thread........the owners are posting there, and establishing a wallet system as well....they seem pretty open how they run their business they might chime in how the wallet really works, then you can at least compare with the poster here if that was the case in epass wallet

10-07-2010, 11:47 AM	#58
FG_Travis Registered User Join Date: Jul 2010 Posts: 34	Still waiting for a Wallet Wire Requested on Sep 3rd nothing yet

10-08-2010, 03:48 AM	#60
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,391	I believe it works something like this: Visa -> Virtual Visa -> St Kitts -> Individual accounts with everyone having their own tied to their number. Bank -> Wallet Company -> The company keeps track of your share of their single account. You don't have any individual account with the bank itself.

10-11-2010, 01:54 AM	#63
McSpike Confirmed User Join Date: May 2001 Posts: 1,042	I agree to the point where we call this a scam. Don't get me wrong, I don't defend the guy one bit. On the contrary, he fucked me over of what seems to be a few k as of now (unless the remaining of wires do come). Now, unless this was planned for him to RUN with our money this was a pure legitimate business move that just hit the ground. Hey may have used the money as insurance to get fat loans for his projects or as co-investment. Which is NO DIFFERENT than what banks do with their money. You know that a run on the bank will cause the bank to go our of business and you don't call this a scam although banks don't have our money stashed in socks and use it just for loans and live off of interest. It's a bit more complicated than that (and more lucrative to add). And you all know it. So this ewallet was just nothing more than turning a virtual card provider into a bank, only that the activities of this "bank" were not as regulated as of your local trusted bank are. From there on the decision of where to invest the money was an unwritten law - it was up to the guy to use it as a seed money in investment that was to multidruple the investment. It's just if the investment was put all into one basket, all put on one horse, then it was very risky and in case of failure you have what we have now. He still owes us money. That goes without a question. It may not only be movies. Epass was also registered for real estate business as I was able to see in one of the threads. Whether that money was put into some real estate projects that didn't pay off quickly enough remains a question... It could be a scam and it could not be a scam, but if it wasn't a scam it was nothing more than a risky business. Wouldn't you just do the same as he did (only that maybe you would spread the risk better)? I know I would. It's how the bankers make their millions after all (only they spread the risk much better). But if this was all a scam, he should fry.

10-11-2010, 09:36 AM	#66
Argos88 So Fucking Banned Industry Role: Join Date: Sep 2009 Posts: 1,732	any news about the WALLET money? Or people just gave up and resigned their monies while stating: "Money is in motion" or something similar? .

10-11-2010, 10:05 AM	#67
catalin Registered User Industry Role: Join Date: Sep 2005 Posts: 96	As per SKNANB message I received: "SKNANB is not related to and or involved in any way with the wallet. As per ePassporte’s multiple public statements, ePassporte is responsible for all aspects of the wallet, as such, please contact ePassporte directly for any information with respect to their wallet product."