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-   -   Epassporte - Interesting Info - Your money is probably in Curaçao (https://gfy.com/showthread.php?t=986358)

pornrecon 09-10-2010 06:38 AM
we are so fucked. :disgust

minicivan 09-10-2010 06:40 AM
Hehe... everyone put there money in some small village in the middle of the ocean with incompetent people and surprised this is going bad for them.

There is reasons no reliable bank offers same services as epassporte and why you can't do the same thing at ING or Citibank or Credit Suisse or HSBC. But of course people in this biz too stupid to ask questions or think for themselves. There is reason St Kitts banks has many adult merchants accounts, because they allow so much credit card abuse up until recently and until visa/mc made them stop. Why you think you money safe with epass in a village in middle of the ocean when its a company run by one guy on ICQ and if he not there to fix you problems, you fucked completely?

And to other poster, yes Paypal has offshore bank as well. But they don't offer this service (payment cards for companies). Why? because it super risky and nearly impossible to comply with all laws and requirements. But like other dumb people in this biz, you don't see anything wrong with anything. He's a bro. All must be ok. Bros always right.

Fabien 09-10-2010 06:58 AM
Quote:
Originally Posted by McSpike (Post 17487244)
This means a few things:

1) By everyone requesting wires from Epass we are actually conducting a run on their own bank. Our funds are not kept in a bank one would recognize as trustworthy, but a bank they can only talk in very very biased tone about. Your money is safe in our pocket. Not some other bank's pocket, but our own bank's pocket. So by taking all the money out we are fucking this bank up and to prevent it from going tits up and all the shit to implode they will delay the wires. After all, how can that be, this is not your local bank you can take a step into in 5 minutes and withdraw everything you have there.

2) Since these people own the bank and own epass and fund shitty movies, then it could be they did secure the loans they took for the movies with bank's assets (read: our assets). After all that's how banks operate. Nothing new. Yet now when shit hit the fan for some reason in St. Kitts they had to announce it, but at the same time can't release the wires because they are being deposited as insurance in order to get their own Hollywood loans. after all... all this money in epass (especially in accounts where it wasn't the last station, like B2B accounts, trading etc) was mostly circling from account to account, from affiliate payments further to programmers, writers, who also had their own online projects and who ordered services from other epass account holders and paid them and so the majority of this money ciccled around the system and never exited. For the most part. The money was at the reach of the owners there in the bank all the time. They only moved the numbers around in our epass accounts, not the actual money. The majority of millions was there all the time, not going anywhere. So... what do you do with all this money in your bank as a bank owner? Jesus you do what every other bank does - you invest it. That's why banks come down if everyone wants to withdraw the money - the majority of the money is never in the bank actually. It's invested. To get it out they have to dump that little part of the investment they have and give you your money. HOWEVER THE SHIT HITS THE FAN IF that investment gets stuck and you have a small tiny private bank we are talking about here, then ouch, we can't give you your money just right now because it's somewhere else and it's stuck there as an investment insurance and we are doing everything possible to get it released... if it only wasn't for this shitty st. kitts bank that cut us off you would never know and we would be able to pay you since you wouldn't all be requesting the money right away and right now and at the worst possible time since the movie didn't make it... well... you do the math...

Nice, damn nice :mad:
You sure don't post often but you're damn good !
It doesn't sound good at all.

MaDalton 09-10-2010 06:58 AM
http://xtrvaluedvds.com/images/sherl...lmes-dvd-3.jpg

wyldblyss 09-10-2010 07:11 AM
The information contained in this post certainly sounds like it could be an accurate account of the issues epass is having. Kudos for those that are looking into things. I think the information people are finding out though just confirms that the money is gone for good. To be honest, never expected it back, I knew the moment I heard the news that it was going to be a loss.

Trust me though, I would love to be proven wrong and would be more than happy to admit that I was wrong if I ever got my money back. I doubt that is going to happen though.

gumdrop 09-10-2010 07:13 AM
Quote:
Originally Posted by directfiesta (Post 17486871)
Paramount, in fact Vantage ( which is their indie/artie division ) did a " pick-up " ( were paid by the film company ) so take them out of your great equation ... what is left ?
OK how do you know this for a fact? What I am trying to determine, who in fact are the investors?

Because movie productions are normally designed to spread the risk around.

Adraco 09-10-2010 07:15 AM
Quote:
Originally Posted by CaptainHowdy (Post 17487734)
Curaçao is an island in the southern Caribbean Sea, off the Venezuelan coast.
Looks like a beautiful place.
Goodluck.
Curaçao is part of the Netherlands Antilles, more so, one of the three islands known as the ABC islands, Aruba, Bonaire och Curaçao. Located north of Venezuela, the two islands Bonaire and Curaçao are part of the Royal Netherlands while Aruba is an autonomous jurisdiction.

Ethersync 09-10-2010 07:16 AM
Good job digging this up. I was optimistic things would be fixed soon, but I am starting to think ePassporte is done for.

Ethersync 09-10-2010 07:21 AM
http://www.ekvandoorne.com/UserFiles/GNS2(2).jpg

I think this is Gregory Elias in the middle with grey hair.

http://www.ekvandoorne.com/news/late...to-intolerance

Ethersync 09-10-2010 07:33 AM
It is also worth noting that ePassporte suggesting people keep money in their wallet accounts makes sense now that we know the bank that handles wallet deposits is more or less owned by ePassporte/Chris Mallick. I think when the dust settles we may find that this ePassporte bank is way over leveraged because of non performing loans to fund various other business Chris Mallick has. I would not be surprised to find personal loans on the books as well. Everyone scrambling to pull money out of their wallets is only going to add to the balance sheet problem. The Visa Electron/Virtual money is likely not even all on deposit with the bank in St. Kitts. That is the only reason I can see them shutting down the cards. What a fucking mess.

gumdrop 09-10-2010 07:44 AM
There we go:
Quote:
...but the project’s quiet pick-up and marketing has us wondering if Paramount has faith in these Web entrepreneurs.
http://news.on1place.com/2010/08/08/middle-men-2010/

DirtyJs 09-10-2010 07:50 AM
actually, paypal offers a mastercard hooked directly account, just like epass. I have one... I can receive paypal payments then use my MC for the funds, no issues..

Quote:
Originally Posted by minicivan (Post 17487786)
Hehe... everyone put there money in some small village in the middle of the ocean with incompetent people and surprised this is going bad for them.

There is reasons no reliable bank offers same services as epassporte and why you can't do the same thing at ING or Citibank or Credit Suisse or HSBC. But of course people in this biz too stupid to ask questions or think for themselves. There is reason St Kitts banks has many adult merchants accounts, because they allow so much credit card abuse up until recently and until visa/mc made them stop. Why you think you money safe with epass in a village in middle of the ocean when its a company run by one guy on ICQ and if he not there to fix you problems, you fucked completely?

And to other poster, yes Paypal has offshore bank as well. But they don't offer this service (payment cards for companies). Why? because it super risky and nearly impossible to comply with all laws and requirements. But like other dumb people in this biz, you don't see anything wrong with anything. He's a bro. All must be ok. Bros always right.

chronig 09-10-2010 07:54 AM
Quote:
Originally Posted by DirtyJs (Post 17488102)
actually, paypal offers a mastercard hooked directly account, just like epass. I have one... I can receive paypal payments then use my MC for the funds, no issues..
US only.

A lot of ePassporte users are based in countries with shitty banking systems where they are receiving their money directly from ePass.... not possible with Paypal

directfiesta 09-10-2010 08:04 AM
Quote:
Originally Posted by gumdrop (Post 17487921)
OK how do you know this for a fact? What I am trying to determine, who in fact are the investors?

Because movie productions are normally designed to spread the risk around.
read the post !!!! Mallick did it by ego , even if studios did not want to invest . He paid to get it distributed.

As for me, my first job was with United Artist in 1971 , and stayed in the movie business till 1995 . What about you ?

Imortyl Pussycat 09-10-2010 08:07 AM
aren't there a few webmasters on Curacao? there used to be. maybe someone should drop by the Bank of Mallick and see what's shakin. could a person that has money in a wallet needing to be wired out from the Bank of Mallick show up and bypass that by withdrawing in person?? if the excuse that there is so much paperwork and processing to do that they can't get to wires right away is true........ just wondering

gumdrop 09-10-2010 08:11 AM
Quote:
Originally Posted by directfiesta (Post 17488183)
read the post !!!! Mallick did it by ego , even if studios did not want to invest . He paid to get it distributed.

As for me, my first job was with United Artist in 1971 , and stayed in the movie business till 1995 . What about you ?
Oh yes of course...just trying to get a handle on the industry...and what exactly is meant by "pick-up".

aless 09-10-2010 08:18 AM
Quote:
Originally Posted by chronig (Post 17488129)
US only.

A lot of ePassporte users are based in countries with shitty banking systems where they are receiving their money directly from ePass.... not possible with Paypal
True... very true.

minicivan 09-10-2010 08:20 AM
Quote:
Originally Posted by DirtyJs (Post 17488102)
actually, paypal offers a mastercard hooked directly account, just like epass. I have one... I can receive paypal payments then use my MC for the funds, no issues..
That not what I mean. For one person to open account , verify his documents etc is not a problem (and you can only do it from certain countries with Paypal). I mean payment cards under a company where main company has master account and then employees have sub accounts under master account and there is very little control over who has sub account cards. For example streamate.com models having epass cards to get paid by epass. Normal banks do not do this for many reasons. Could be model. Could be terrorist. Could be money laundering, certainly cheating taxes or whatever. That is my point.


No one asks why some porn guy is the only guy who offer this from some village in the middle of the ocean and not real banks from real countries. People in porn biz are very dumb.

directfiesta 09-10-2010 08:24 AM
Quote:
Originally Posted by gumdrop (Post 17488222)
Oh yes of course...just trying to get a handle on the industry...and what exactly is meant by "pick-up".
a " pick-up " is when a studio adds a movie to the roster after it is completed and without investing a cent in it .
They maybe did cover the " house-nut " ( cost of the theatre to operate for the week, where the exhibitor is garanteed that amount, plus 10% of the gross above the nut . Exhibitors do that when they do not believe in the movie, causing low attendances resulting in low candy bar profit ( main profit center ) ).

Studio does the pick-up to get the distribution fee , plus the possibility of throwing in the movie as a freebie type in a pay per view deal , or any other type of deals .

And the studio ( Vantage ) will make a nice cut from the DVD , even if the film is still in major deficit position .

Mallick got played by his ego .... ever read " Les fables de Lafontaine " ?

Alprazolam 09-10-2010 08:50 AM
the movie studios will distance themselves even further from the porn industry now. the studio will be embarrassed by this.

mark walberg is lucky he is in so good with HBO or his new show on the porn biz would prob get cut.

SiMpLe 09-10-2010 09:08 AM
My eyes burn

FrozenJag 09-10-2010 09:09 AM
Quote:
Originally Posted by xxweekxx (Post 17486907)
yeah some guy came on here a while back and said he is not gonna use epassporte cuz of middle men tanking, everyone laughed at him.`
yeah that would be me.

Unfortunetly I'm still at a loss of xx,xxx but it could be worse I guess. I wish I would have listened to my gut and pulled everything out :[

SiMpLe 09-10-2010 09:10 AM
Has anyone got a wire from their wallet yet? I'm going on 5 days after my request as of now.

gumdrop 09-10-2010 09:15 AM
Quote:
Originally Posted by directfiesta (Post 17488282)
a " pick-up " is when a studio adds a movie to the roster after it is completed and without investing a cent in it .
They maybe did cover the " house-nut " ( cost of the theatre to operate for the week, where the exhibitor is garanteed that amount, plus 10% of the gross above the nut . Exhibitors do that when they do not believe in the movie, causing low attendances resulting in low candy bar profit ( main profit center ) ).

Studio does the pick-up to get the distribution fee , plus the possibility of throwing in the movie as a freebie type in a pay per view deal , or any other type of deals .

And the studio ( Vantage ) will make a nice cut from the DVD , even if the film is still in major deficit position .

Mallick got played by his ego .... ever read " Les fables de Lafontaine " ?
The Fox and The Crow

A Fox once saw a Crow fly off with a piece of cheese in its beak and settle on a branch of a tree.

"That's for me, as I am a Fox," said Master Reynard, and he walked up to the foot of the tree.

"Good day, Mistress Crow," he cried. "How well you are looking today: how glossy your feathers; how bright your eye. I feel sure your voice must surpass that of other birds, just as your figure does; let me hear but one song from you that I may greet you as the Queen of Birds."

The Crow lifted up her head and began to caw her best, but the moment she opened her mouth the piece of cheese fell to the ground, only to be snapped up by Master Fox.

"That will do," said he. "That was all I wanted. In exchange for your cheese I will give you a piece of advice for the future: "Do not trust flatterers."

:thumbsup

Alprazolam 09-10-2010 09:30 AM
still no movement on my account either. seems its just dead in the water.

selena 09-10-2010 09:34 AM
Good investigative work!

Imortyl Pussycat 09-10-2010 09:38 AM
Quote:
Originally Posted by SiMpLe (Post 17488447)
Has anyone got a wire from their wallet yet? I'm going on 5 days after my request as of now.
not 1 person. you haven't gotten the second request aka stall tactic, for all your docs yet? can you even login to your epass account right now? everyone else that requested wires and sent docs is saying they can't get in now. link for uploading docs (again) appears. sorry sugar, bad news just keeps getting worse :(

Buzz 09-10-2010 09:43 AM
The thread is true example of what a lack of information may lead human mind to.

I'm not trying to defend CM or epass, but why don't you grow up people and start operating facts, not speculations?

Visa cards and accounts are operated by SKNA, not the United Bank (or whatever you're referring to) supposedly owned by Mallick. The Curacao bank holds WALLET funds. They are not connected in any ways other than epassporte's local gateways.

Say it was ePassporte [users] funds used for Middlemen - the money from United [owned by Mallick]. Movie is epic fail, funds are low, captain orders to shut down the account. This way it would be WALLETS blocked, not Visa accounts.

Some will say "He'd transferred money from SKNA to fund the movie". But what's the hype about United then?

Simple logic.

run 09-10-2010 09:49 AM
Quote:
Originally Posted by Buzz (Post 17488577)

I'm not trying to defend CM or epass, but why don't you grow up people and start operating facts, not speculations?
Not possible at this time ==> epass is hiding facts.

Ethersync 09-10-2010 10:00 AM
Quote:
Originally Posted by Buzz (Post 17488577)
The thread is true example of what a lack of information may lead human mind to.

I'm not trying to defend CM or epass, but why don't you grow up people and start operating facts, not speculations?

Visa cards and accounts are operated by SKNA, not the United Bank (or whatever you're referring to) supposedly owned by Mallick. The Curacao bank holds WALLET funds. They are not connected in any ways other than epassporte's local gateways.

Say it was ePassporte [users] funds used for Middlemen - the money from United [owned by Mallick]. Movie is epic fail, funds are low, captain orders to shut down the account. This way it would be WALLETS blocked, not Visa accounts.

Some will say "He'd transferred money from SKNA to fund the movie". But what's the hype about United then?

Simple logic.
It's clear SKNA handles Visa transactions and United has Wallet funds. Here is the problem with your logic: For some mysterious reason, Chris claims to not know, SKNA shut down Visa transactions for ePassporte. One good reason for that would be if there were not enough funds on deposit at SKNA to cover the amount on cardholder Visa accounts. That is obviously something Chris would not want to admit to. Furthermore if United does not have enough funds on deposit to cover what is in cardholder's wallet accounts who is going to shut ePassporte down? Chris? Of course not. If there were not enough funds on deposit with United to cover everyone's Wallet accounts what action might ePassporte/United take? Oh, I don't now... Maybe withhold/delay wire transfers? Maybe this is all wrong, but until we get some real answers from ePassporte (or SKNA) all we can do is speculate.

Tasty1 09-10-2010 10:06 AM
http://cdn.radionetherlands.nl/data/...%20(Sluis).JPG

Man on the left is Elias.
Gregory Elias and Jan-Willem Luijken

McSpike 09-10-2010 10:10 AM
Quote:
Originally Posted by Buzz (Post 17488577)
The thread is true example of what a lack of information may lead human mind to.

Say it was ePassporte [users] funds used for Middlemen - the money from United [owned by Mallick]. Movie is epic fail, funds are low, captain orders to shut down the account. This way it would be WALLETS blocked, not Visa accounts.
Who said WALLETS not tied to US accounts aren't blocked? Anyone got any wires yet? No?

So, yes, the money is either frozen, stuck or doesn't want to leave the bank because they are preventing a run on the bank.

The St. Kitts bank stepped in because there was something wrong and cut the poor bastards off. The fact that they say they don't understand what it was after a week is such a fucking insult to think we are that naive. That is a fucking lie or the things are SOOOO bad that the epassporte is not given any facts whatsoever about what has happened until the police are back from the vacation. One or the other. In either case, stop being naive. If by some odd chance there is a reason to give them credit, there won't be any credit left after this is over simply because of SHITTY PR and lies. Period. Amen!

96ukssob 09-10-2010 10:14 AM
Quote:
Originally Posted by k0nr4d (Post 17487018)
If only we were all smart enough to have checked this kind of stuff out BEFORE dumping money into their system. I'm sure we'll know for next time...
kind funny how that happens, but no one seems to care when something great and easy comes along

DaCaptain 09-10-2010 10:20 AM
I withdrew most of my money from my wallet to my checking account last Friday (I was lucky in that I had taken most of the funds that I had in epass over the last month prior to all of this trouble so I only had $600 that I needed to transfer) If wires are not working, why are folks just not withdrawing to checking accounts each day until your Wallet funds are depleted? If you do not have the option to withdraw to a checking account, you should consider transferring some of your epass' wallet funds to someone you trust who can withdraw to a checking account, then they can either wire your funds or send you a check.

gumdrop 09-10-2010 10:20 AM
Quote:
Originally Posted by bossku69 (Post 17488699)
kind funny how that happens, but no one seems to care when something great and easy comes along
Isn't that the truth....:thumbsup

McSpike 09-10-2010 10:21 AM
Quote:
Originally Posted by k0nr4d (Post 17487018)
If only we were all smart enough to have checked this kind of stuff out BEFORE dumping money into their system. I'm sure we'll know for next time...
History teaches us that people will NOT due the due diligence on their next payment service. People forget. Period.

borked 09-10-2010 10:21 AM
This has been *the* most interesting thread I've ever read on GFY.

Props to the OP for probably blowing the smoke screen well away. :thumbsup

I feel for you all that are probably going to lose big on this, especially those that kept harassing (to no effect) michael for answers, when others seemed to be kissing arses.

Captcha 09-10-2010 10:24 AM
again, lawyer time

DaCaptain 09-10-2010 10:26 AM
Weird...I just received a message in my epass message center, but it's the same message that Michael O posted yesterday.

Tasty1 09-10-2010 10:32 AM
Quote:
Originally Posted by Captcha (Post 17488747)
again, lawyer time
Seize their assets before it's gone.


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