alert The fund can't be withdrawal from Epik.com via Masterbucks wallet

[enamebroker]

It happened on 23rd Aug 2022 and this matter lasted almost one month without any process. Masterbucks.com declined my fund withdrawal and disabled the button of fund withdrawal. And I contacted Epik.com and got no further action even if Rob Monster got involved in it for two weeks. All the time I was told in email by management review.

What is wrong with Epik.com? Do you think it is normal to disable fund withdrawal? How can I get back my fund from Epik.com? Thanks for your suggestion.

 

[MSN-Domains]

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Which subsidiaries? Most of Epik's products are white labels.

I don't get the point your trying to establish. Almost all products and services are white labels.

From everything, you buy on amazon, your telco, water, energy, gas, all white labels. They're few owners of infrastructure. It's a rarified atmosphere.

 

[bmugford]

You guys, we can't expect Brian to be occupied with the minor things like paying Epik's outstanding debts when he is focused on the big issues, like fixing potholes.

Imagine Brian telling someone else to "do your job".

Brad

 

[Igor Gabrielan]

Epik support today:

It looks like your withdrawal is still in the queue for processing. Cashouts are being processed in the order in which they came in.

I'm sorry you are still waiting but be assured our accounting team is working as quickly as possible to have every withdrawal completed in the shortest amount of time.

 

[bmugford]

Epik support today:

Same BS. We know they are not being processed in order as some pending ones predate others which were paid out.

At this point, other than a lack of available funds, what would be another reason Epik is unable to make these payments?

They are not paying out existing debts, but are taking in new money with no notice of this outstanding issue. This is sleazy, at best.

Furquan is aware of the issues. He responded to complaints on Epik's own forum about it.

Brad

 

[Derek Peterson]

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I don't get the point your trying to establish. Almost all products and services are white labels.

From everything, you buy on amazon, your telco, water, energy, gas, all white labels. They're few owners of infrastructure. It's a rarified atmosphere.

What were Epik's subsidiaries that the folks you know were trying to buy?

Software companies OWN their own code and usually their own infrastructure to support those services. Epik was and is all smoke and mirrors that has no real assets and even probably operating at a loss. There is nothing to buy, maybe now that they bought bought hosting company and some other things in last year with the investor money but again, those are probably not allowed to be liquidated at this point.

Also, Monster is notorious fisher, he approaches companies, pretends to want to purchase, gets all info as part of DD and then backs out in hopes of creating competing business. He did that with several companies I know of because those owners reached out to be personally for help. I always told them LOI with 10% non refundable deposit. Monster always declined. he probably figured they were doing the same with him and would figure out he is full of it.

Eg. VPN, last I looked, was a white label. Epik's own code was owned by some UA company.

 

[Chris Hydrick]

I don't get the Braden attack. Why does he have to answer to anybody?

Not an attack, just saying I think if anybody wanted to fully seperate themselves from the ownership of a company, that telling folks you gave up a board seat is not fully seperating oneself from a company. One investor seems to be adding more credibility than the other owners.

Who are the other owners? Nick Lim still own equity? The Inturst domain guy? Maybe some shitty russian coders (idk)? If one bird no longer wants to flock together as investors, that's any birds choice. Until then, birds of a flock fly together until they get paid or fly otherwise.

 

[NicTraders]

You guys, we can't expect Brian to be occupied with the minor things like paying Epik's outstanding debts when he is focused on the big issues, like fixing potholes.

Show attachment 226352

Imagine Brian telling someone else to "do your job".

Brad

In Brian's defense, that was before he took over as CEO, so he probably had plenty of time on his hands then.
In fact, perhaps Rob saw the tweet and realised what a Leader Brian was and that was why he offered him the job.

 

[carob]

Not an attack, just saying I think if anybody wanted to fully seperate themselves from the ownership of a company, that telling folks you gave up a board seat is not fully seperating oneself from a company. One investor seems to be adding more credibility than the other owners.

Does the shareholder have any influence on company conduct? Could they?

The investment was intended to make money. If it does, what has it profited from and does the investor think that is ok? Or would they have reservations about profiting from questionable activities?

 

[jberryhill]

Not an attack, just saying I think if anybody wanted to fully seperate themselves from the ownership of a company, that telling folks you gave up a board seat is not fully seperating oneself from a company.

His over decade-old equity stake with no control of the company is about as liquid as Masterbucks. Braden can't get his investment out, just like the customers can't get their Masterbucks out, and I'm going to guess he didn't have the psychic ability years ago to predict the circus that Rob would make out of the company. Meanwhile, Commander Cuckoo is driving Epik into the ground. I'll bet he never sees a dime by the time Epik finishes imploding.

IMHO, Braden has a lower chance of seeing his money back than Masterbucks holders. Be that as it may, I'm absolutely certain that Braden doesn't have anyone's Masterbucks and he has no ability to get anyone paid, so dragging him doesn't accomplish anything, and isn't going to get anyone paid.

 

[branding]

His over decade-old equity stake with no control of the company is about as liquid as Masterbucks. Braden can't get his investment out, just like the customers can't get their Masterbucks out, and I'm going to guess he didn't have the psychic ability years ago to predict the circus that Rob would make out of the company. Meanwhile, Commander Cuckoo is driving Epik into the ground. I'll bet he never sees a dime by the time Epik finishes imploding.

IMHO, Braden has a lower chance of seeing his money back than Masterbucks holders. Be that as it may, I'm absolutely certain that Braden doesn't have anyone's Masterbucks and he has no ability to get anyone paid, so dragging him doesn't accomplish anything, and isn't going to get anyone paid.

Nicely put. I don't think those criticizing him have the faintest idea about how these kind of investments work.

It's not like stock where you can pull out at any given time. It's unfortunate but comes with the territory.

 

[branding]

“Every year when I meet my kids’ teachers I tell them, don’t believe everything you hear about me and I won’t believe everything I hear about you,”

- Epik CEO, Brian Royce

 

[Igor Gabrielan]

Is it possible to believe only the actual receipts of money?

 

[branding]

-

I don't get the point your trying to establish. Almost all products and services are white labels.

From everything, you buy on amazon, your telco, water, energy, gas, all white labels. They're few owners of infrastructure. It's a rarified atmosphere.

Don't bite. His claims are false. E does 100% own (at least) some of their subsidiaries, including infra.

 

[branding]

“Any transactions that happened once I took the reins, those are all sacrosanct and I can speak to those very carefully and say there’s no problems with those. But previous transactions before I took over this position, we’re still figuring those out. I’ve got to be honest.”

- Epik CEO, Brian Royce

This means not everyone will get payed? What will happen with the money?

 

[bmugford]

His over decade-old equity stake with no control of the company is about as liquid as Masterbucks. Braden can't get his investment out, just like the customers can't get their Masterbucks out, and I'm going to guess he didn't have the psychic ability years ago to predict the circus that Rob would make out of the company. Meanwhile, Commander Cuckoo is driving Epik into the ground. I'll bet he never sees a dime by the time Epik finishes imploding.

IMHO, Braden has a lower chance of seeing his money back than Masterbucks holders. Be that as it may, I'm absolutely certain that Braden doesn't have anyone's Masterbucks and he has no ability to get anyone paid, so dragging him doesn't accomplish anything, and isn't going to get anyone paid.

Braden's ownership predates all this BS. I think it goes back to 2010 or 2011.

There might have already been some red flags but this shitshow really started in motion in 2018/2019.

There was the Gab stuff, then Rob shared a link to the Christchurch shooter's video on Twitter and implied it was a hoax.

It has only gone downhill since that point with incident after incident, this Masterbucks issue, a disastrous data breach, spreading conspiracy theories, hosting and courting some of the most disgusting content, going after Wiki editor Molly White which lead to doxxing and threats, among other things.

Braden can speak for himself, but I am sure it is not very beneficial to be lumped in with all this Epik nonsense. It turns out he had nothing to do with my pianomoving.com issue, but got put into the mix because of Epik's incompetence in handling the "exotic" escrow transaction.

Brad

 

[Igor Gabrielan]

If Epik declares bankruptcy, will the relevant authorities figure out that this is not due to business shortcomings, but because of theft and punish the thieves?

 

[bmugford]

If Epik declares bankruptcy, will the relevant authorities figure out that this is not due to business shortcomings, but because of theft and punish the thieves?

On top of several other factors, I don't think Brian Royce's "commingled" funds comments is going to be real helpful to their position. That is one of the biggest sins in operating a business.

If the funds were separate, there should be no problem paying out.

There is a reason that actual escrow companies are heavily regulated, while "escrow" companies are not.

They are still soliciting new business while this problem exists, and not telling the customers about it.
That is a pretty big deal.

Brad

 

[jberryhill]

They are still soliciting new business while this problem exists

That’s one of the oddities about Royce’s suggestion that they are in the process of working on regulatory issues.

If you are caught driving drunk, you don’t say, “Okay, you got me. But can I keep driving until I sober up?” No. You don’t drive until you are fit to do so - and they don’t let you finish the beer you were drinking when they pulled you over.

The notion that any regulatory authority would allow them to continue money transmission or escrow services while they work through the various licensing requirements is an odd one. Like, “oh, yeah, I know the person I’ve been sleeping with is underage, but their 18th birthday is coming up soon.”

 

[NicTraders]

His over decade-old equity stake with no control of the company is about as liquid as Masterbucks. Braden can't get his investment out, just like the customers can't get their Masterbucks out, and I'm going to guess he didn't have the psychic ability years ago to predict the circus that Rob would make out of the company. Meanwhile, Commander Cuckoo is driving Epik into the ground. I'll bet he never sees a dime by the time Epik finishes imploding.

IMHO, Braden has a lower chance of seeing his money back than Masterbucks holders. Be that as it may, I'm absolutely certain that Braden doesn't have anyone's Masterbucks and he has no ability to get anyone paid, so dragging him doesn't accomplish anything, and isn't going to get anyone paid.

Precisely. I have a few small investments in unlisted companies. It's not because I'm rich, but I've worked flippin' hard to try and better my family's future. Some of those investments are doing OK but the way a couple of them are managed, makes Epik look like the utmost of professionals. But no matter how poorly they are going, there is no way for me to get my $, and I'm sure I'll never see a cent. I don't know Braden's financial situation, but knowing what it's like to hold investments like that, I really feel for him. And there is no way he should be tarred with the same brush as Rob and Brian.

That’s one of the oddities about Royce’s suggestion that they are in the process of working on regulatory issues.

If you are caught driving drunk, you don’t say, “Okay, you got me. But can I keep driving until I sober up?” No. You don’t drive until you are fit to do so - and they don’t let you finish the beer you were drinking when they pulled you over.

The notion that any regulatory authority would allow them to continue money transmission or escrow services while they work through the various licensing requirements is an odd one. Like, “oh, yeah, I know the person I’ve been sleeping with is underage, but their 18th birthday is coming up soon.”

Yes, that's why it seems to me that the initial shutdown for 'maintenance' was due to regulatory issues, but then the ongoing lack of payment is due to liquidity issues. That also seems to be supported by the fact that I am receiving more marketing emails than ever from E at present. Trying to scrounge together a few $ to stop the ship from sinking. I like to think when they get some funds they're trying to do the 'right' thing and pay out those who are owed, but it sure doesn't look good.

 

[jideofor]

Same BS. We know they are not being processed in order as some pending ones predate others which were paid out.

At this point, other than a lack of available funds, what would be another reason Epik is unable to make these payments?

They are not paying out existing debts, but are taking in new money with no notice of this outstanding issue. This is sleazy, at best.

Show attachment 226357

Furquan is aware of the issues. He responded to complaints on Epik's own forum about it.

Brad

This is terrible...collecting money and not paying out old ones is nothing but fraud and scam.

 

[Igor Gabrielan]

Here they wrote what happened when escrow companies or companies pretending to be escrow agents steal money from escrow. Has this happened in the domain industry?

 

[jberryhill]

It's surprising that Epik's own hatchet man, Rob Davis hasn't made an appearance either. He's historically been quite vocal about criticism of Epik.

I hear that his position paid pretty well.

 

[Igor Gabrielan]

Who should be sued and where?
Epik in Washington State or Masterbucks in Texas?

https://masterbucks.com/legal/terms

d) Governing Law; Jurisdiction. The parties irrevocably and unconditionally submit to the exclusive jurisdiction of the courts located in Harris County in the state of Texas with respect to any dispute or claim arising out of or in connection with the Terms of Service. The United Nations Convention on Contracts for the International Sale of Goods will not apply to these Terms of Service and is hereby expressly excluded. You hereby consent to, and waive all defenses of lack of personal jurisdiction and forum non conveniens with respect to, the jurisdiction and venue of the federal and state courts located in Harris County, Texas (USA).

 

[bmugford]

Who should be sued and where?
Epik in Washington State or Masterbucks in Texas?

https://masterbucks.com/legal/terms

That is a problem with a TOS that makes no sense.

Epik is in Washington state.

Masterbucks is in Wyoming, with a foreign entity registration in Washington state.

Unless the party suing was from Texas, I am not sure how a court there would really have jurisdiction, regardless of what their imposed TOS says.

Also, "Masterbucks LLC" did not exist at the time funds were frozen. Epik is the one who "commingled" funds.

I think it is pretty clear that Epik is responsible for these outstanding debts.

Brad

 

[Igor Gabrielan]

Which company is foreign?
Is this the third company besides Epik from Washington and Masterbucks from Wyoming?