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epitome · 10-07-2010, 03:14 PM

I think St. Kitts discovered a compliance issue and then pulled the plug on the Visa pipeline.

Meanwhile, Mallick had money going to a "friendly bank" that turned around and lent it back to him for projects.

Then there was a run on the wallet cash and United Trust paid out what little they could and when they ran out they closed the doors on Epass.

I imagine that before all of this there were tens of millions in stagnant funds that Mallick could do with as he saw fit, providing he made a return, which proved hard for him with Middle Men. None of the behind-the-scenes stuff would come to the forefront unless something went horribly wrong. It did.

All speculation in light of not having any real answers provided by the responsible parties.

10-07-2010, 03:14 PM
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	I think St. Kitts discovered a compliance issue and then pulled the plug on the Visa pipeline. Meanwhile, Mallick had money going to a "friendly bank" that turned around and lent it back to him for projects. Then there was a run on the wallet cash and United Trust paid out what little they could and when they ran out they closed the doors on Epass. I imagine that before all of this there were tens of millions in stagnant funds that Mallick could do with as he saw fit, providing he made a return, which proved hard for him with Middle Men. None of the behind-the-scenes stuff would come to the forefront unless something went horribly wrong. It did. All speculation in light of not having any real answers provided by the responsible parties.