Christopher Mallick was fired from Paycom for stealing money?
 

I just got this off of another board, and mind you the post was written in 2007:

Christopher Mallick was fired as CEO from a company
called Paycom. Paycom was one of the largest online credit
card processing companies. Paycom let Mr Mallick go for
mishandling, misappropriating ( ie stealing ) company
assets. Large amounts of money, a LearJet, high rolling,
and hookers paid for with Paycoms money were some of the
evidence used against Mr Mallick upon his dismissal from
Paycom. Mallick in his prior career filed Chapter 7 bankruptcy.

Christopher Mallick earlier this year launched Oxymoron
Entertainment a $50 million venture. He is aiming
to finance films in the $2 million to $10 million range.

This film venture he launched in February has bled
money and been very unprofitable to date and is in need
of a cash infusion. Epassport funds have been redirected
to this venture as he is the owner and controller of both.

Epassporte has primarily been involved in the gambling
and porn industry. Mr Mallick has a very shady past.
He has however been kind enough to donate money to
the prevention for the sexual exploitation of children
which help to abate the claims that Mr Mallicks company
helps to fund exploitation of these same children
via porn addicts who access content via Epassporte.

The Current Better Business Bureaus (BBB) Rating
for Epassporte is an F, the lowest rating possible
out of a 10-point scale, which corresponds to the
following description:
Quote from (BBB) "We strongly question the company's
reliability for reasons such as that they have failed to
respond to complaints. Their advertising is grossly
misleading, they are not in compliance with the law's
licensing or registration requirements, their complaints
contain especially serious allegations, or the company's
industry is known for its fraudulent business practices."


The above information is mostly available via public
searches. You may contact Mr Mallick and express
your concerns by writing him at:

[email protected]

Note to ePassporte staff, you were advised of information being
released to public pending the return of missing funds.

Very interesting, especially:

This film venture he launched in February has bled
money and been very unprofitable to date and is in need
of a cash infusion. Epassport funds have been redirected
to this venture as he is the owner and controller of both.

Oh jolly...now the shit hits the fan for real!

If this is true and funds were in fact moved from epass for the movie, it explains everything; Cards suspended because their account did not have the minimum % requirement to handle payouts for the VV cards.

You are not helping man.

If you don't have news or FACTS about our present situation, better to shut up.

thats the problem... what facts? they are just adding info like this because we are so in the dark...

this is dragging on way too long

They own the bank all the wires go to, the film company, and epassporte.

Do we really need a map?

it's getting really interesting and hot...

Of course it is, it's a big problem.

It isn't just a case of rebooting a server. It is a major issue involving millions of dollars. and I am sure there are now an increasing amount of official parties looking into this and each will be doing their own research and applying their own pressures on Visa and any regulatory authorities involved.

As I said on another thread, and a few others have agreed, we should try to keep things in moderation and let the people trying to resolve this do their jobs without all this wild speculation clouding the issue.

I have no inside knowledge or reason to trust anybody in epassporte but I know that a fire is put our quicker when people aren't constantly throwing oil on it.

Precisely! The absence of substantial information from the company lends itself to speculation. At this point, the OP claims certainly sound more plausible to me than "we don't know why" the accounts are frozen.

There is something VERY wrong with how Epass and cm are acting on this. If it were merely a change in banking regulations I am sure they would be more forthcoming with information. At this point in time, they have done irreparable harm to the company reputation and I am not sure how they can fix it without coming clean on all the dirty details... Which leads me to believe the reason for the lack of information is to avoid prosecution or legal liabilities.

Either way, the industry will take another blow because of the failure of Epass. Someone smart will come along and fill the void at some point.... but in the meantime there will be a further shakeout in the online adult industry. Ultimately, this may not be a bad thing for the future health of online adult entertainment.

Oh fuck, now check this shit out I am reading:
http://caselaw.findlaw.com/us-2nd-circuit/1235298.html
These are just excerpts from the case, but interesting none the less.
TL;DR version:
Mallick was hired under false pretenses by this SAM group by doctoring a fake background investigation report about himself. He then drove the company into the ground within seven weaks by depleting it's resources.

SUEZ EQUITY INVESTORS SEI v. TORONTO DOMINION BANK USA[/B]
[I]Plaintiffs allege that defendants discouraged them from inquiring into the background of SAM Group's principal, J. Christopher Mallick, and instead provided them with what was purportedly the report of an independent investigator who had performed a background check on Mallick, but was in fact a modified version of that report with adverse information deleted.   Plaintiffs thereafter invested in SAM Group in reliance on the modified report.   When SAM Group subsequently failed financially, this securities fraud litigation ensued.

.....

Unlike the Original Bishops Report, the Modified Report omitted negative events in Mallick's business and financial history.   Specifically, the Modified Report stated that:  (1) no bankruptcy filings were found for Mallick, while the Original Bishops Report had described in some detail his involuntary Chapter 7 bankruptcy arising out of personal guarantees on business debts;  (2) no pending civil suits were found for any individual subjects being investigated, but the Original Report had identified three civil suits filed against Mallick;  and, omitted mention:  (3) of a 1993 suit brought against Mallick by a gemstone business, in which he had been a joint venturer, where plaintiff sought the repayment of $250,000 borrowed from the business;  (4) of three tax liens against Mallick personally, including one in the sum of $30,475, as well as a $3,233 tax lien against SAM Group's predecessor, which derived from $78,000 of unpaid federal taxes in the 1980s and $400,000 in the 1990s;  and (5) of (a) several lawsuits that had been decided against Mallick, (b) his delinquent credit accounts, and (c) a critical comment made about him by a third party.

......

Defendants' substantial loans to SAM Group reflected the Group's liquidity problems, which the complaint attributes to Mallick's inability to manage the Group's finances effectively.   When plaintiffs invested in the Group, ?Mallick had put SAM Group in a financial position in which SAM Group had no chance to succeed [because it] had no access to working capital.?  Id. ¶ 67.   As a result, plaintiffs' SAM Group securities were at the time of acquisition-and are today-worthless.   Within seven weeks of plaintiffs' investment, SAM Group suffered a cash flow crisis from which it did not recover.


........

Seems this whole situation has caused alot of people to go digging. From the sounds of it, it appears as though Mallick has quite a history of running businesses into the ground...

mallick is a plain thief nothing more and now hes stolen millions from thousands...i wonder how long he will be breathing

unfortunately, you could be right:2 cents:

i pulled my self, i dont expect nothing better to be at the end

More info to blow our minds...crazy shit man..:helpme

My thoughts!

I agree but :Oh crap

Very interesting to say the least!

Like my Pop always said...once a thief, always a thief.....:2 cents:

yet almost EVRYONE in this board insited that if someone didn't want to send copies of their personal documentation (including gov issued ID and proof of address) was a thief and had somethign to hide.

over and over well know industry people went on with rants about how it was the same as a bank and you should have no issue sending the docs.

the OP is dated 2007(on a different board)! just so you guys know.

i've been waiting for this to come out..




'




.

can anyone say "IBill part 2?"

does anyone else find all of this just freaking insane??? I have to say I do not know what to believe at this point :Oh crap

Don't need long winded articles to put 2 and 2 together :uhoh

:uhoh @ all the people that were like: bullocks! we love mallick and the money is safe! this has nothing to do with middlemen or anything other than a few "program deficiencies!!!" the 'money is in motion!!!' :uhoh

Latest press release photo of Mallick:

http://i194.photobucket.com/albums/z...icanbandit.jpg

Glad I didn't have one thin dime in eP!

Sally.

was that part in the middlemen movie? ha

hookers????

:(:(:( :helpme

I have less than $100 in eP.

what film did Mallick produce in 07? or is that the start of middlemen?

Gospel Hill (2008)
... I guess.

you can look for Mallick at IMDB.

Start, but just an assumption. Well, the start of the oxymoron/mallick media venture :2 cents:

Hahahaha.

It's the PORN business. As long as he buys a few lap dances and drinks at the next show, everything will be cool.

http://www.imdb.com/company/co0282270/
1. Exxxit: Life After Porn (2010) ... Production Company
2. Middle Men (2009) ... Production Company (presents)


Another film in the works? The next movie for Mallick:
http://www.imdb.com/title/tt1291547/
"Exxxit: Life After Porn"

From an article he did for a film mag:
http://thefilmstage.com/2010/08/09/i...es-middle-men/

"You’ve got the ball rolling on a few very interesting projects. Can you talk a little about Columbus Circle, Ninety and the documentary Exxxit: Life After Porn?

CM: Exxxit we finished about two months ago. It’s a documentary. It’ll be in NY and LA for one week theatrical run and we’ll be doing day and date VOD. It looks at about 18 former adult film stars and how they got in the business, how they got out of the business and mostly where are they know and how has their life been impacted by the career path that they chose. It’s very moving and very interesting. It’s not gratuitous at all. It will surprise you, again in that you go in thinking one thing and then after seeing this film you have a different opinion about these people and where they come from and where they’ve gone because, at the end of the day, they’re all just like you and me. They wake up and go to sleep, they have illnesses and families, heartbreak, tragedy and successes.

On the other end of the spectrum, a very commercial film that we’re in pre-production on is Ninety with Darren Lynn Bousman directing. It’s a typical horror film that is probably one of the more violent things you’ll ever see. It’s 90 kills in 90 minutes. Definitely a genre piece speaking to a specific audience, the difference with this is it not just a slasher movie. It isn’t just some maniac for some unknown or mystical reason has decided to kill this people. He has a method and a reason that he is doing this and without giving away too much of the plot, he’s a guy that could be stopped with one single action but nobody takes that action and he goes about the business of getting justice in his eyes, no matter how twisted that vision may be in these 90 minutes with these 90 kills.

Columbus Circle we wrapped production on that just recently, about four or five months ago. It’s a Hitchcock-style mystery crime drama and it’s Selma Blair and Amy Smart, Jason Lee, Beau Bridges, Giovanni Ribisi and it’s kind of a throwback and a nod to the way Hitchcock used to do movies. It’s based around Selma Blair’s character who lives in Columbus Circle in New York in a very nice apartment that she has not left in 17 years, she’s an agoraphobic. She kind of lives through her peep hole a la Rear Window and there’s a death across the hall of a neighbor that’s been there forever who she never interacted with. A new couple move in (Jason Lee and Amy Smart) and she becomes obsessed with them and through a series of events Amy Smart becomes involved in her life. It’s very well told, beautifully shot mostly interior stuff. It moves at a very good pace for a film that doesn’t have a lot of sweeping and hand-held stuff. It’s kind of the antithesis of Middle Men in terms of style of shooting.

Then I’ve got about 12 legitimate scripts that are in varying forms of development.We got a couple things we’re probably going to pull the trigger on. We’re trying to shoot two really good movies every year, maybe a third if we add in a doc or a TV deal. Generally we’re trying to do all original work. I’m sort of obsessed with true story and based on real people and real times in terms of bigger films."

Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. Place got hit by lightning, huh? Fuck you, pay me.

hey, let me toss some more gas on the fire:
------
"Middle Men" is the loosely autobiographical story of Christopher Mallick, who personally financed the $20-million production and also is underwriting the film's release.

http://www.latimes.com/entertainment...,5930448.story

Middle Men Domestic Total Gross: $733,447


Quite the fucking loss! Everyone wondering where your money is?

Let me get this straight, a ceo of a multi million dollar adult processing company...accused of misappropiating funds...stealing....chicanery.... I have heard it all now...LOL Are you all that desperate for sales that you would go slandering reputable processing companies and ceo's???

Surely this would not be the norm this has to be one bad apple! All the other companies can be trusted with our funds, who needs oversight when we have their word that stats only show funny from time to time because of a known bug...a bug that even world class programmers cannot fix....PAYCOM'S NOT STEALING.....ITS JUST A BUG!!!

Wow. This definitely does not increase my faith one bit. Doesn't look like I will be touching my epass money again. IMO ePassporte is dead even if they do recover the funds at this point, all of this negative publicity being the killer.