Originally Posted by Brad Mitchell

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