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-   -   Thank you Chris Mallic (https://gfy.com/showthread.php?t=990814)

Agent 488 10-05-2010 06:33 PM

you spelled his name wrong?

Jdoughs 10-05-2010 06:35 PM

Sleazy, stepping up to his crown as GFY fucktard.

Grats you fucking idiot.

I actually drove through Gimli this summer, and stopped to piss on the road in your honor.

SleazyDream 10-05-2010 06:39 PM

Quote:

Originally Posted by Brad Mitchell (Post 17575770)
Scott... I love ya, but this thread is awfully ill conceived. He ran a money transfer service into the ground. We will eventually learn what really happened, but he had no rights to any of the funds in Epassporte other than fee revenue. Nobody owes him any thank you, Epassporte did not create opportunity - nor did it take any lending risk. If there is anything but small dollars that get unsettled, perhaps a last million or two for operational burn, he owns that. We are talking tens to a hundred million perhaps (nobody knows) that is inaccessible. Hopefully, one way or another funds find their way to their respective owners.

Brad

maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

i don't think I'd be ragging on Chris for a least a few months

Jdoughs 10-05-2010 06:42 PM

Quote:

Originally Posted by SleazyDream (Post 17575847)
maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

i don't think I'd be ragging on Chris for a least a few months

He hasn't even made a statement, he left for Cabo instead.

Guy is a complete thief.

gumdrop 10-05-2010 06:42 PM

As some pointed out at Krebs:

Quote:

Ok, they will give back the money, but what about all pèople who have little money in epassporte who will never take back this money? i talk about the people with just 10-20-30-40 dollar in epassporte wallet….

Let’s assume a 20 dollars/account * 100.000 accounts (i don’t know how many account are in epassport sistem, i guess after 7 year in activities at least are 100.000, maybe much more) = 2.000.000$ they will never “give back”.
http://krebsonsecurity.com/2010/09/f...porte-edition/

lagcam 10-05-2010 06:53 PM

Quote:

Originally Posted by Brad Mitchell (Post 17575770)
Scott... I love ya, but this thread is awfully ill conceived. He ran a money transfer service into the ground. We will eventually learn what really happened, but he had no rights to any of the funds in Epassporte other than fee revenue. Nobody owes him any thank you, Epassporte did not create opportunity - nor did it take any lending risk. If there is anything but small dollars that get unsettled, perhaps a last million or two for operational burn, he owns that. We are talking tens to a hundred million perhaps (nobody knows) that is inaccessible. Hopefully, one way or another funds find their way to their respective owners.

Brad

I think this is pretty much right.

Sleazy is also right that we should acknowledge and appreciate the ground that epassporte broke and that many of us benefitted from using it to disperse funds cheaply around the world, but the simple fact is that it wasn't a charity, it was a business and a lot of people trusted that business and have been inconvenienced by something that should never have been allowed to happen or allow to get "out of Mallick's control".

However until everybody with balances held in their real names or corporate accounts that can prove their identity has been paid out, such praise is premature and will only offend people with funds still being held hostage.

I hope that if anybody loses money, it is only those who probably contributed to epassporte's demise with their multiple and fake accounts.

superdio 10-05-2010 06:56 PM

http://imgur.com/MhA3u.jpg

Forest 10-05-2010 07:10 PM

Quote:

Originally Posted by SleazyDream (Post 17574706)
for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

Unfortunately things outside of Chris's control brought the company down. It happens.

I'm sad to see it go.

But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

At the end of the day - you did a lot more then most and don't let the whinny babies get you down.

is that chris' ass your kissing in your avatar?

if so your nose is still brown.

MaDalton 10-05-2010 07:36 PM

Quote:

Originally Posted by gumdrop (Post 17575857)

the questions is who will be able to access the small amounts in VV - not Mallick, otherwise we would not have the problem now. they will be probably sitting at the bank forever

SleazyDream 10-05-2010 07:37 PM

Quote:

Originally Posted by Forest (Post 17575933)
is that chris' ass your kissing in your avatar?

if so your nose is still brown.

it's ok, i know you're new here - that's lensman... founder of GFY - kissing MY ass

DavieVegas 10-05-2010 07:40 PM

Quote:

Originally Posted by SleazyDream (Post 17574706)
for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

Unfortunately things outside of Chris's control brought the company down. It happens.

I'm sad to see it go.

But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

At the end of the day - you did a lot more then most and don't let the whinny babies get you down.

Your a fuckin idiot....Why are you still on gfy has been? You have nothing to do with this biz anymore and no one liked you when you were relevant and they do not now.

SleazyDream 10-05-2010 07:43 PM

Quote:

Originally Posted by MaDalton (Post 17575990)
the questions is who will be able to access the small amounts in VV - not Mallick, otherwise we would not have the problem now. they will be probably sitting at the bank forever

it's probally in the contract after X amount of years it goes back to epassporte

wyldblyss 10-05-2010 07:46 PM

Quote:

Originally Posted by SleazyDream (Post 17574706)
for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

Unfortunately things outside of Chris's control brought the company down. It happens.

I'm sad to see it go.

But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

At the end of the day - you did a lot more then most and don't let the whinny babies get you down.

I'm not hating on you, I'm just confused. Chris did not start epassporte for the good of the industry, he started it for the good of himself...others happen to benefit because it was a service.

Chris did not follow the rules so the cards were deactivated. What rules he did not follow is still conjecture, but the fact is, had he kept all his ducks in a row, no one would be in this position.

My dad used to say "a right never makes up for a wrong"

SomeCreep 10-05-2010 07:49 PM

Quote:

Originally Posted by SleazyDream (Post 17575764)
so if the visa and remaining wallets eventually get paid out - is everyone here going to publicly apologize to Chris?

Or is everyone here ragging on Chris saying they were too dumb to know and understand that risk when they started using it?

:1orglaugh:1orglaugh damn dude, what planet are you living on?

Brad Mitchell 10-05-2010 07:54 PM

Quote:

Originally Posted by SleazyDream (Post 17575847)
maybe i'm missing something but what I saw was one day Epass was working and the next day it wasn't - visa option was pulled by the bank for unexplained reasons and frozen by them.

Suddenly everybody wanted everything out - and like all banking institutions, not everything would be instantly liquid so they stalled a bit on the wallets...

Some wallets got paid - some are supposedly in transit...the rumor is the visa's are operational on Thursday to withdraw money...

i don't think I'd be ragging on Chris for a least a few months

I haven't been ragging on anyone, I've been hopeful for resolution. Epassporte was NOT a bank. It was not their business to lend money. They took no real financial risk, there is no right to having any liquidity issue that would extend beyond a few months of admin or operating expense which probably could total no more than a few million excluding whatever salary or draws Chris had himself on.

There were hundreds of millions at play here annually, my guess anyway. The judge of this situation is the grand sum of unpaid dollars when the cards are turned over. The float and money on deposit belongs to the depositors, not the money transfer service in my opinion.. at most, less some amount of real operating expenses excluding owner pay. Businesses do fail, sure, but this is a different kind of business with a unique responsibility to its customers and a fee base that was risk adverse.

Brad

fris 10-05-2010 08:01 PM

Quote:

Originally Posted by mOrrI (Post 17574869)
Specially when hes doing another movie......

im sure it will fail just like middle men.

SleazyDream 10-05-2010 08:08 PM

Quote:

Originally Posted by Brad Mitchell (Post 17576021)
I haven't been ragging on anyone, I've been hopeful for resolution. Epassporte was NOT a bank. It was not their business to lend money. They took no real financial risk, there is no right to having any liquidity issue that would extend beyond a few months of admin or operating expense which probably could total no more than a few million excluding whatever salary or draws Chris had himself on.

There were hundreds of millions at play here annually, my guess anyway. The judge of this situation is the grand sum of unpaid dollars when the cards are turned over. The float and money on deposit belongs to the depositors, not the money transfer service in my opinion.. at most, less some amount of real operating expenses excluding owner pay. Businesses do fail, sure, but this is a different kind of business with a unique responsibility to its customers and a fee base that was risk adverse.

Brad

i didn't mean you personally ragging - i meant most of the people on here in general

totally agree - but with another separate business like a bank involved they might not be ABLE to pay out till everything is settled...

will76 10-05-2010 08:09 PM

Quote:

Originally Posted by SleazyDream (Post 17575764)
so if the visa and remaining wallets eventually get paid out - is everyone here going to publicly apologize to Chris?

what I saw online was the st kitts bank is activating the visa's on thursday......can anyone comment?

Virtually any adult (or any company for that matter) can have funds frozen for any number of reasons outside of their control....I mean I understand this hurt a lot of people, but it could happen to ANY company at any time. It's a risk we all took and new when we got the epassporte card. Or is everyone here ragging on Chris saying they were too dumb to know and understand that risk when they started using it?

keep digging, you are a pretty big guy. You still need to dig that hole deeper so you can fit yourself in it.

The way people handle situations say at a lot about their character. If he would have been making public statements, posting here to keep people informed vs taking vacations and producing movies people would have been a lot nicer to him through this process. It's not like the guy didn't post here in the past advertising his services, he should have came back to address people, given a statement, something instead of a "fuck you, i don't care... I will let Michael take the heat."

btw, you making posts trying to defend him just makes people hate him even more.

will76 10-05-2010 08:14 PM

Quote:

Originally Posted by SleazyDream (Post 17575847)
maybe i'm missing something



a brain.


/thread

marketsmart 10-05-2010 08:15 PM

Quote:

Originally Posted by wyldblyss (Post 17576004)
I'm not hating on you, I'm just confused. Chris did not start epassporte for the good of the industry, he started it for the good of himself...others happen to benefit because it was a service.

Chris did not follow the rules so the cards were deactivated. What rules he did not follow is still conjecture, but the fact is, had he kept all his ducks in a row, no one would be in this position.

My dad used to say "a right never makes up for a wrong"

actually, epass was started to keep charge backs % in check..

visa goes by % of charge back transactions not $ amount...

epass was given to chris as a settlement of him leaving/pushed out of paycom..

chris made a lot of money with epass involvement in gaming transactions..

how much is anyone's guess..

the truth of this situation will come out sooner or later and regardless of how much chris has personally, i just hope that everyone that is owed money gets their money back... :2 cents:




.

Sly 10-05-2010 08:16 PM

Quote:

Originally Posted by marketsmart (Post 17576060)
actually, epass was started to keep charge backs % in check..

visa goes by % of charge back transactions not $ amount...

epass was given to chris as a settlement of him leaving/pushed out of paycom..

chris made a lot of money with epass involvement in gaming transactions..

how much is anyone's guess..

the truth of this situation will come out sooner or later and regardless of how much chris has personally, i just hope that everyone that is owed money gets their money back... :2 cents:




.

You keep mentioning the truth about his push out from Epoch. Why not just share it?

fusionx 10-05-2010 08:18 PM

Quote:

Originally Posted by stocktrader23 (Post 17574787)

I don't know anything about anyone, but this is fucking funny!

wyldblyss 10-05-2010 08:32 PM

Quote:

Originally Posted by marketsmart (Post 17576060)
actually, epass was started to keep charge backs % in check..

visa goes by % of charge back transactions not $ amount...

epass was given to chris as a settlement of him leaving/pushed out of paycom..

chris made a lot of money with epass involvement in gaming transactions..

how much is anyone's guess..

the truth of this situation will come out sooner or later and regardless of how much chris has personally, i just hope that everyone that is owed money gets their money back... :2 cents:




.

Not everyone will get their money back. There will most certainly be remnants and I am sure they will all add up to a pretty penny. I take it you respect Chris and who am I to tell a stranger who to respect and who not to respect. I don't know the guy, but I can tell you there were a lot of people who spent a lot of sleepless nights over this. No one likes trusting, and then having that trust broken. I am not sure what happened with Chris, but according to Visa epass was not in compliance.

I personally find it hard to feel sorry for someone that has caused so much heartache to so many people that could have been avoided if it were not for his greed (gambling, not bothering to do his due diligence, record keeping, money laundering or whatever it was). Not many people in this world have such great opportunities, and he totally blue it. Do I feel sorry for someone sitting on a beach in Cabo when people that trusted him went without food, couldn't pay their bills, had to lower their pride to borrow money from people to survive? No, I don't and I never will. Shit happens, but the measure of man is how deep in his own shit is he willing to wade to rescue those that got flooded by it. Chris didn't wade in his own shit, he took off to the beaches instead.

The Porn Nerd 10-05-2010 08:33 PM

Your money is still in motion...

USUALENT 10-05-2010 08:34 PM

sometimes its the principle the way things are done...

Atticus 10-05-2010 08:58 PM

Quote:

Originally Posted by fusionx (Post 17576065)
I don't know anything about anyone, but this is fucking funny!

Here ya go then...

www.sarahjessicaparkerlookslikeahorse.com

xxweekxx 10-05-2010 09:04 PM

this is a dumb thread.. thank epassporte for fucking up?? if he kept his shit straight he wouldnt have had the cards disconnected/closed..

there are tons of visa debit cards.. how come none of them have problems?

marketsmart 10-05-2010 09:07 PM

Quote:

Originally Posted by Sly (Post 17576062)
You keep mentioning the truth about his push out from Epoch. Why not just share it?

its not my place and if i didnt have a ton of respect for joel and clay i might feel differently...

if someone else wants to say what that know then so be it, but as for me, i will keep to myself regarding this....






.

marketsmart 10-05-2010 09:16 PM

Quote:

Originally Posted by wyldblyss (Post 17576092)
I take it you respect Chris and who am I to tell a stranger who to respect and who not to respect.

i do value what his business allowed me to do and i will leave it at that...

i will respect chris if he pays back what his company owes...

if he fails to pay back what he owes people then my opinion of him will be the same opinion i have towards any other scammer..

the dollar amount is not as important as doing the right thing...

chris would be crazy to fuck over so many people, but i have seen the same happen time and time again in this industry, so nothing would surprise me but i hold out hope that he will do the right thing and if he does step up to the plate then i dont think people should judge him harshly.... :2 cents:












.

ffmihai 10-05-2010 09:48 PM

yes he spent 6-7 years in this business and then run away with peoples money. making a movie that its a lie. wtf is wrong with you man?

xNetworx 10-06-2010 12:16 AM

YesSignals rules

ffmihai 10-06-2010 12:51 AM

Quote:

Originally Posted by Brad Mitchell (Post 17575770)
Scott... I love ya, but this thread is awfully ill conceived. He ran a money transfer service into the ground. We will eventually learn what really happened, but he had no rights to any of the funds in Epassporte other than fee revenue. Nobody owes him any thank you, Epassporte did not create opportunity - nor did it take any lending risk. If there is anything but small dollars that get unsettled, perhaps a last million or two for operational burn, he owns that. We are talking tens to a hundred million perhaps (nobody knows) that is inaccessible. Hopefully, one way or another funds find their way to their respective owners.

Brad

yes well said here. thank him for giving us the money back? this business was profitable for both parts not only for us. also, why the hell we not beeing told what happened? since he is such a honest person and the business is closed already.

papill0n 10-06-2010 12:52 AM

yeah thanks chrtis you fucking mother fucking cunt licking bitch

lazycash 10-06-2010 12:54 AM

I just want to give a big shout out to Pibcash and the awesome party they threw at Internext 03

Brad Mitchell 10-06-2010 01:11 AM

My last two cents-

besides all of the transactional revenue let's not forget that there was very likely an average of tens of millions of float. For those of you that dont get the meaning.. the average daily balance itself on deposit produces revenue, anywhere from 1% to much more with any variety of bank interest, cds, government backed securities or bonds. I would venture to guess that after so many years in business and having so much of the support expense in third world countries that much of the day to day operational carry was easily floated by this - or at least could have been. Perhaps the Curacao bank decided to invest deposits in movies if it was his. We just wont know until there is a substanative record published; eventually. Hopefully we are all proved wrong but alas that wont lead to any mea culpa. Humility, truth and making a statement himself would have been the least we all expected. That said, smart counsel would never have let him do so and nothing said would really have changed the reality of the situation or brought upon any less volume of anger and frustration.

Brad

DatingGold 10-06-2010 01:18 AM

Quote:

Originally Posted by Sly (Post 17574737)
Thank you iBill. You helped a lot of people get rich.

:1orglaugh:1orglaugh:1orglaugh

McSpike 10-06-2010 01:27 AM

ya, thanks Chris, thanks for stealing my money, thanks for me not being able to collect 1000s you owe me you piece of shit.

anyone defending the guy can go fuck himself.

xholly 10-06-2010 01:44 AM

Quote:

Originally Posted by SleazyDream (Post 17574706)
for 6-7 years Epassporte made life a lot easier for an enormous amount of people. It was the best payment option available for many adult webmasters and the amount of people that used it is proof of that. It worked.

Unfortunately things outside of Chris's control brought the company down. It happens.

I'm sad to see it go.

But I want to be one of the first to say - THANK YOU CHRIS - for everything you did do and everything you tried to do for the people in this industry.

At the end of the day - you did a lot more then most and don't let the whinny babies get you down.

fuck off cunt

xholly 10-06-2010 01:51 AM

Quote:

Originally Posted by willow (Post 17574841)
I somewhat agree. Most people don't seem to understand the concept of 'high risk' business. Well everybody, you're in one.

That being said, sucks to lose money, and you have my sympathies. Nature of the beast.

fuck you too

xholly 10-06-2010 02:03 AM

Quote:

Originally Posted by SleazyDream (Post 17575764)
so if the visa and remaining wallets eventually get paid out - is everyone here going to publicly apologize to Chris?

you fucking retard


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