I assume you formatted it that way because you can't post links.
Here you go -
https://www.dailydot.com/debug/epik-masterbucks/
Brad
Here are some important snippets of the article and what stuck out is that Brian has been given 3 months to fix all the shit and he says don't believe everything you hear about him lol Sounds familiar with one of Rob's other partners who said almost the same thing in the AMA about DNProtect: "not to believe everything on the internet" lol. I've highlighted the important stuff, it seems to be issues with "regulations" indeed.
Snippets:
In an interview with the Daily Dot, Royce repeatedly emphasized that customers would be paid what they’re owed, but that it would take time. “We are diligently working on all of these issues,” Royce said. “We will have everybody paid out in turn as quickly as humanly possible, while
dealing with regulatory banking and compliance issues.”
The way Royce tells it, regulatory issues “sprung up” and he was brought in as CEO at Epik to get the company into compliance before things went from bad to worse. It’s unclear exactly when Epik found itself in this regulatory bind, but Royce says he’s been given “
effectively three months” to correct software issues, accounting issues, and jump through regulatory hoops to ensure that Masterbucks is licensed properly and is operating more like a bank".
Brian Royce says:
“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,”
“To be very clear on that,
anyone that did business through Masterbucks will be paid in turn,” Royce said. “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.”
