So with withdrawable in-store USD, this couldn't have happened? Is that what you're saying?
Does someone know if the current "in-store credits" can be withdrawn or not, btw?
This is how escrow / marketplace transactions work -
1.) Buyer makes payment.
2.) Seller transfers domain.
3.) Funds are sent to seller via their preferred method.
This is how Epik worked -
1.) Buyer makes payment.
2.) Seller transfers domain.
3.) Epik keeps real funds, and delivers Masterbucks to seller.
4.) Epik blocks withdrawal of Masterbucks funds without notice.
Epik was keeping the real money, and delivering the funny money.
That is exactly what happened in the Kathleen Kalaf case. It involved both an Epik "escrow" transaction
AND Masterbucks.
The Adkisson case seemed to only involve an unlicensed "escrow" transaction.
So you agree with me, in fact. What are you arguing about then, exactly?
Sure, Epik made people ask for withdrawals instead of issuing them all immediately. As I've said above.
And there were some subtle enticement to maybe leave funds with them, whatever the name of these funds.
Just the fact you were able to use them for all registrar functions was one of them.
Masterbucks wasn't the real problem. Nor the fact is was supposedly "fake" (that was the subject here).
The problem is Epik misappropriated customers funds, one way or another. I've never said otherwise.
You cherry picked one part of my response.
The scam involved "escrow" funds. The scam involved Masterbucks.
Masterbucks was a core part of the scam.
You seem to be ignoring all the people who were blocked from withdrawing these funds.
Kathleen was delivered those Masterbucks funds while they were frozen, so she never even had a chance to request them. At least she finally got paid, almost 9 months later.
Regardless, this is going nowhere so this will be my last response about this.
Brad