Quote:
Originally Posted by fris
the fbi raided paxum?
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No, the FBI did NOT raid Paxum.
I believe Brian Mike is referring to the situation with Pacnet from last September, which is a completely separate company to Paxum and NOT RELATED in any way to Paxum.
Paxum was a client of Pacnet. We used Pacnet via Chexx Inc for certain account-related services (such as check issue) until we learned of the allegations against Pacnet; that they were a criminal organization. Upon learning of the allegations we immediately terminated our account with Pacnet.
https://www.biv.com/article/2016/9/v...ganization-us/
Our clients experienced some withdrawal delays as a result of the Pacnet situation, and there was panic and confusion at the time on the forum(s). We refunded everyone affected (check withdrawals that could not be cashed, etc), even though we did not receive those funds back ourselves due to the freeze on Pacnet's financial accounts.