I funded stormpay account from debit card which was treated like a credit card. i paid others from balance in stormpay. I didnt know you could pay the site directly through a credit card?

I had a credit card, but it was actually a debit/credit card that is tied to my bank account. The way it went down was, I put $1600 into Alien Trust(through Stormpay) wednesday morning at 8:30 am. I surfed and got my credit, then all the crap with the freezing of accounts at 12D, and thought ok, Alien will be cool because they only have stormpay. Then all the other sites got hit, and people said their accoutns were being frozen. I logged into my stormpay account to find it was at a negative $1595 balance and I was like "what the hell??" Well i looked at my account history and what it appeared to me is that they cancelled the transaction from my credit card funds, and then did a charge back to Alien Trust. 2 days later, my balance was $4.89 in stormpay and i look at the history and it said refund from stormpay was complete. The money was on hold within my checking account and I find this morning it has been released and i have it now. Call it luck, call it coincidence, but I am sure glad I put the money in when i did.

My credit card deposits are during the beginning of january. Would that be a negitive factor you think for being 'way back when" so to speak?

eventhou acct is freeze...but AS admin still can make refund himself right? Just what 7daysplan admin did.....all get refund by him eventhou his acct freeze by sp....so why 12dp dont do this? is there any reason....just courious...

check this out

http://www.personal.psu.edu/users/m/l/mlb5000/proof.gif

also, someone needs to make some Stormclix for people to look at http://www.mystormpaylawsuit.com and all the various sites telling the truth about stormpay.

i would but I have $0.58 in my stormpay account, lol.

Bottom line is this. your chargeback will affect everything that came in and went out of your SP account in any way shape or form. So be careful with chargebacks. If you have money in SP still and file a chargeback they will most likely come back after you by holding your money!

My view on this from my side is this, I transferred sums of money to SP in order to be able to transfer money to other merchants who used them as payment processors. Everyone of the companies I chose to pay through SP I was linked to by Stormclix ads, which are reviewed by SP and approved. I was led to beleive by advertising that NETIBA merchants were safe. I mean really why would SP pay me to look at adds of these merchants that they themselves were doing buisnes with were bad? In the meantime everyone of the companies I did business with owed me more than I gave them to start with and everyone of them had thier accounts frozen. Everyone of these merchants are unable to give refunds and claims to SP are denied and threats given for more contact regarding them or regarding chargebacks. My chargeback is to SP for funds not available.

Can anyone help Charis at what she is looking for here?
http://forums.12dailypro.com/smf/index.php...owPosts;start=0

scuze me.. dint red the latest posts! Were refunds till now from 12daily... or their SP is still blocked?

I actually just did this
http://www.personal.psu.edu/users/m/l/mlb5000/proof.gif

but i'm not able to post in the forum. forward it to her if you want.

refunds made on behalf of 12dp by stormpay, 12dp does not have access to account at SP to do refunds, so SP is taking it upon themselves to make refunds in some manner unknown to us

Well this is the question that needs to be asked is what methodology is SP using to make these refunds??

Tyler
IMSGold

when did you get your money back?? I deposited on the 1st and haven't recieved anything.

I just called a B of A 800 number and had them put a note in my account that Stormpay is not allowed to Debit. I also received a credit from SP 2 days ago for $120. I had requested that before I closed my account.

I'm not sure what number that called but when I just tied to call LifeClick I got " Hi thank you for calling LifeClicks..." That is the seem message I have all ways received when I have called.

So sounds to me like more B.S.

BofA should have told you the only way to do that is to change your account number if it is funded by check or cancel your debit or credit card and get a new one if that is how you paid SP funds. If they did not do that you should do it. It may prevent you from using those cards until you recieve replacements.

Why change all my info when they can just put a block on stormpay? If Stomrpay tries to debit my account , they will be declined and a message will go to B of A that the transaction is not authorized.

ALso on a side note....I haven't added funds from my bank account since at least 6 months ago. The only reason it was there was for withdrawl to my checking.

Thankyou for shedding some light on my confusion. I had a few hundred in SP when Sheot hit the fan and instantly did the withdraw motion to my bank account. It usually takes 5 days, but as soon as I see it in my bank account, I'm going for the charge back. (on 2 different cards) What a waste of time and money. I'm fairly new to all this, got netiba certified.. went all out and felt on top of the world.. Come to find out, it's all fraud and useless. I've always learned the hard way and this is no exception. Take care kitty

I have been told several times by bof a that recurring charges cant be stopped without changing your numbers....what can happen if it was a debit or credit card and I say COULD happen, is they can keep making charges. YOu can dispute them but ultimately the way to stop it is to change the card number. I was also told that boa could not just note the account....but if it has been six months why worry about it. I was just told there was no other way to block a single entity's transactions.




LOL me too! Hey I was willing to take the loss from the merchants! but this was forced loss from the processor. Not a very fair ponzi in the least

Hi,

Let me state right from the get go.. I am just voicing my opinion.. so if anyone decides to bash me for it, have at, but do keep in mind it is strictly my opinion and thoughts...

Just a few things that have stood out to me, some of them are neither here nor there.. nevertheless are factual details...

1.) Everyone refers to Stormpay as a payment processor when they clearly state in their User Agreement that they are not. They are a Reseller. I know this doesn't change the facts of what they have done, but regardless it does put them in a different situation than an "actual payment processor" would be in.

2.) The abc4 news story...

- I highly doubt that they would leave themselves wide open for a defamation of character suit by lying about GA Attorney Generals office investigating. Why in heaven's name would they just casually throw that in at the end of the broadcast if it was a lie.. what would be their point and what purpose would it serve? I do not think it was a lie just because it has gone unverified by members of this forum that have tried to find out more.

- I do not feel they have been biased in their newscasts at all like some people here have stated. Their story has not ever been Stormpay (regardless of the number of emails people have sent in telling them about SP or what all of us forum mongers who know more details of what all is going on know). Their story is and has always been 12dp, originating with the passing around of those cards at BYU and how it can be a legitimate business model. What the business model is.. and yes now involving asking for money with legal help. Regardless the story is about 12dp not SP. It doesn't matter to them what is going on with SP or the troubles some think they have caused with 12dp. What matters to them is THEIR story that is 12dp period.

3.) The new site 12dp will be launching... I cannot believe people are anxiously awaiting this when Charis clearly stated...
Are you seriously entertaining the notion of giving more money so it can be used to pay you the money that you are already owed? Am I the only one that does not make sense to? Why in the world would you give more money so you can be paid back your money.. Just keep your money, it's the same difference. Why pass hands with it?

4.) I realize that this is a 12dp thread, however since all the affected surfs have been mentioned, I am wondering why no one wondering why Studio Traffic is completely untouched by all this? They too are an AS.. a big one, why are they not affected by it all as well.. do the same rules or accusations of being a ponzi or illegal not apply to them. According to John's post on ST's forum.. they have a 3 year relationship with SP and they will not be affected by this. What does that have to do with the reasons that SP is giving for doing it to the others and how does that bypass the laws that SP is claiming to uphold?

I would also like to know how ST, a company that was clearly falling behind in payouts can now afford to launch a massive referral contest with the prize being $5000, when all other surfs and their main competition are now floundering.

Like I said.. a lot of what has been entering my mind is neither here nor there.. and once again.. just my opinions and thoughts.

@ NUK and Tyler

Your posts are a pleasure to read. They are intelligent and well thought out. Just wanted to let you know I enjoy reading them.

@ anyone else.. proceed with bashing me but be gentle please, I don't care for bruises.

Call me stupid but even though I have $2000 buried in this mess I still want to do it. I figure I'm going to get the money back on a visa chargeback and then I'm back in somewhere. Can someone recommend a safe place to be?

As for the Attorney General in Georgia, again why did ABC4News state they called? I don't know. I do think they slammed their foot in thier mouth on that one, eitehr that or the attorney general of georgias office is lying. I called this morning and spoke to the assistant attorney general. I am still checking with other organizations that he suggested that I check with. The latest ABC4news story attributes that claim not to themselves but to SP CEO and it is not now an investigation but a discussion. Now other than the involvement of other autosurfs and internet presences like NME being located in Georgia, the implication was that the investigation and now discussions was regarding to 12DP, at no time have any of these auto surfs and merchants been named. I live in Georgia, so I took it upon myself to verify abc4 news and sp ceo's facts. At this time those claims about the Georgia Attorney General are unfounded. I may find later that some other office is handling investigations or discussions and at that point will let you know. Teh point is not to go beleiving every thing you read or here.

I also was able to get BofA to admit that my claim was not the first nor was this the first they heard of it, but of course they are not able to disclose this information in detail.

Can you please point me to the infor that states that SP is a retailer? and what are they retailing? I copied the following from thier website and it does not claim they are a retailer at all!
StormPay.com
1690 Golf Club Lane
Clarksville, TN 37043

Company
StormPay Inc. is an online payment system, which allows anyone with an email address to send or receive payments. Founded in October, 2002, StormPay Inc. has quickly become an Internet leader in online payment processing by offering customers and vendors alike, a safe and secure method to do financial transactions across the Internet, while reducing the risk of exposing your financial information.

Services
StormPay's system is very much like an online checking account. The account can be used to send or receive funds for online purchases or charity donations, etc. After funding their account, the customer has the ability to send funds to any recipient with an email address. Most "deposit" options are instant, allowing the customer to immediately make a payment for an online product, service, or subscription. Customers may deposit funds into their StormPay accounts via credit card, online check, or Money Orders

A resident in Georgia filed an official complaint.




If any of you are sick of trolling through these posts and want updates on 12DP, Autosurfs and StormPay join my newsletter and I'll keep you posted on all the important stuff without the fluff. I also have pictures of the StormPay building, construction site and all that gruesome stuff. Just click the link in my signature and wallah.

I'm from GA too - Wonder why it's not on the Georgia news yet??

A resident of georgia filed an official complaint to who? and regarding who?

I do not know why i think this, but I believe there was a post by Dquixote17 a couple of days ago like that, but my computer seems to be on valium today and it is too slow for me to deal with trying to research right now.

Hey there...

It is in their User Agreement...






found here... http://stormpay.com/stormpay/user/about_us.php?v=u

Simply because the state of Georgia's spokes people will not release information about an investigation to citizens, does not mean there isn't one. It could mean it is not public information at this time. It's possible, they are investigating to see if a formal investigation is necessary.

(self edit spelling typo)

HUH? Ok if they would not release the information to me a resident of the state of georgia and concerned citizen then they also would not release such information to ABC4News correspondent from utah or SP ceo from tennessee!

so whats the point? None of the claims are factual.



Well ok all that does is contradict what services they claim that i just posted and contradicts half the rest of thier TOS, not to mention some of the TOS has changed recently as well, also something they are allowed to do. But claiming to be the reseller of 12dp's services makes them the biggest scam artist of all!

My lesson learned, I guess I should have learned this lesson from paypal!

That information say quite simply give us your money you may not ever see it again and if you take it back we will charge you even more for it!

That's not true. Just because they didn't tell you does not mean they didn't tell abc4. No offense but you are a far cry from a news station. Where they may very well verify with the news station that their is an investigation going on.. does not mean that they are going to tell every average joe that calls and asks..

It could also mean that they have much better connections than you that can find these things out. Or could even mean that the person they spoke with at the GA AG Office was incorrect. It doesn't necessarily mean that they out and out lied for no other purpose than to make 12dp look bad.

Looking forward to seeing what the new site will be like

Only hours away now

You lost all credibility right there with that statement.

u bet

no and abcnews person is not considered privy to any information that can not be shared with the public. that just stands to reason. If they did not want anyone to know of a secret investigation they certainly would tell the news last!

i m not stating that they out and out lied, I am saying they have misquoted something somewhere, and that the statements are unvalidated. I could call the attorney generals office and claim to be a reporter and I woudl not get any different info. I am still waiting for calls back from other offices within the attorney generals office, I most likely will get no information because the wording is not claims, or investigations now but discussions! that is my point at this point is that most of this is NOT fact!

no at all bro, no sweat - thanks for letting me know

Ok here is some thing i found ove at 12dp forum this is very lengthy so grab a cup of coffee!

this is good too


OK, now take a look at what a Stormpay ex-partner had to post in a forum recently:

Posts from http://www.nopaypal.com/forums/showthread....id=10736&fid=19

Never Give Up!
Sent: 18-12-2005 10:10

I'm original owner/partner of StormPay and yes have had all monies owed taken away and have been locked out. I also personally know of four other partners that this has happened to. I know how much John takes in every month and so its a financial windfall for him to confiscate accounts and especially other partners. You would be amazed at the kind of money we are talking about here. Everything I've read on this forum (StormPay info is all correct including a cease and desist order by the State of Tennessee)

So don't give up on your own situations because that is what he is counting on. We are not!

~~~~~~~~~~~~

...j

Never Give Up!
Sent: 12-01-2006 19:59

<aggrivated>,

Sorry for not getting back sooner but busy getting other original partners (4 in total) in our area together to take on SP with our class action lawyer. My partnership and account were confiscated March 2005 and the 3 others mentioned were all on the same day at the end of October 2005.

StormPay(John McConnell)is in for a surprise as we have one of the finest lawyers in the country wanting to take this on for us. Our group of seasoned businessman are going to teach SP the meaning of "partnership agreement" and "investments". We have the time and the money to see this through to it's successful conclusion. This is going to cost him dearly and he will be receiving our formal "Statement of Claim" shortly.

I'm sure he's reading this so I will keep you posted on our progress.
Here is a timeline of events you might want to take a look at:

If you look at detailed time line of StormPay/12DailyPro (and hanger-ons) problem
in the middle of the page here http://www.drunkonlife.com/Daily-Blog.html

STORMPAY creates sister company called NETIBA and misleads the public stating their bank will now give them a break on rates, which they will pass on to members, contingent upon "third party verification".
STORMPAY collects upwards of $5M in NETIBA verification fees - almost overnight.
EGOLD Gets Raided by FBI
12 DP, perhaps hastily, denounces EGOLD.
12 DP forms partnership with EMO as an alternative to STORMPAY and for displaced EGOLD users.
12 DP makes a request for a large sum of money to be transferred from STORMPAY.
12 DP waits.
STORMPAY DELAYS
12 DP asks again.
STORMPAY informs 12 DP they are unable to transfer money and must do so "by check or direct deposit".
12 DP waits.
STORMPAY DELAYS
12 DP asks again.
STORMPAY informs 12 DP they must drop EMO and use SP exclusively in order to receive funds.
12 DP acquiesces.
12 DP waits.
STORMPAY posts a news release that all HYIP and auto surfs sites must use STORMPAY exclusively if they want STORMPAY to continue managing the risks of chargebacks (never mind that 12DP has probably had little to NO chargebacks since they have a track record of always paying).
STORMPAY DELAYS in paying 12DP.
STORMPAY, without warning or explanation, disables 12 DP account.
STORMPAY does not answer calls or emails.
STORMPAY comes under fire for disabling 12 DP.
STORMPAY disables chat to keep people from discussing the matter.
STORMPAY ignores efforts to resolve the matter from 12 DP and customers.
STORMPAY begins disabling accounts of other surf sites.
STORMPAY takes down their own SURF programs.
STORMPAY takes down all advertising for surf sites and HYIP sites.
STORMPAY refuses to make a public statement in its defense.

You want Charis's input? Here are parts of her last two lenghty communications to her customers:

Two days ago:

This is from 12DP

Stormpay / Withdrawal Payment Update - by Charis - 12DP Admin at 2006-02-03 23:07:48
We wanted to take this time to update everyone on the status of the program and the recent happenings. We know you are all anxious for information. We have spent the entire day trying to forumlate the best strategy for how we deal with the current issues facing the 12daily Pro family.

1. StormPay did finally respond to our attorney's request for information. They informed him that the reason they have suspended our account was at the behest of their bank. This is completely different than the reason they released to the StormPay members, being that they were concerned about autosurf business models.

2. StormPay also made additional false statements in their email to users. The email claimed that we refused to provide information on our business model. This is false. Mr. McConnell of StormPay fully understood our business model from the day we began processing transactions with them, in May of 2005. In fact, Mr. Connell just this past Monday asked if he could fly down to meet us and explain why we should choose StormPay as our only payment processor. And as we posted in a member news item a a couple of days ago, Mr. McConnell blatantly attempted to blackmail us by threatening to freeze our account if we did not remove our other payment processor within 45 minutes.

3. We have also become aware of some very disturbing news about Stormpay, including the fact that they have a very negative rating with the Tennessee Better Buiness Bureau, with dozens of claims against them. They company was also issued a cease and desist order by the State of Tennessee for financial related misdeeds. StormPay has also begun randomly seizing funds from user accounts, and are currently not honoring some users withdrawal requests. We believe that this is for the same reason they refused to release our funds, because they do not have the funds.

4. In a conversation we had with Stormpay and their attorney this past Monday, Mr. McConnell revealed to us that Stormpay acts as a 'lender', which is not what they state in their terms of service. He went on to exlain that they money in users accounts in not completely backed by real funds. When I inquired where all of our funds were, he changed the subject.

5. At this point, it seems that StormPay may have begun to randomly refund some members money. Unfortunately this puts us in a very difficult situation. As they have blocked us completely from access to our account, we have no way of knowing who is receiving refunds and who is still owed. They are creating a situation by where we cannot accurately determine which pending withdrawals need to be cancelled because they have already received refunds from StormPay. In essence they are creating a situation by where they are spending our company money at their own discretion and not providing us with the information we need to meet our obligations to all our members. If indeed our account is frozen, StormPay should not have access to spend those funds until after an investigation is completed.

6. That said, we are actively trying to determine what legal actions may be at our disposal to try to retrieve our funds so we can issue refunds to all members with any pending withdrawals or active upgrades. In order to insure that as many people can be paid as possible, we will only be paying refunds, not any surf earnings or commissions. At this point with Stormpay holding our funds, we are unable to provide a time schedule for this refunds.

7. Until that time, we will continue EMO payments as we are able starting with the oldest expirations, this would be members who chose to receive their previous E-Gold payments to EMO. Again, we cannot promise any timetable on how fast this payments will be made, but know we will make them as we are able.

8. You will notice that we have suspended new membership and upgrades. We need to take this time to focus on solving our issues with StormPay and getting you all back the money that they are holding under false pretenses.

We will continue to update you here as we have more information.

Today:

You have received a message from 12 Daily Pro:

We have learned that StormPay has completed its own independent investigation, which we have learned did NOT involve any law enforcement whatsover, only their bank and themselves, and have begun arbitrarily issuing refunds. In addition they are randomly denying claims of individuals at their own discretion and threatening THEM with legal action.

We also learned that they are refunding members who have already received their upgrade payments from 12daily Pro. Thus essentially paying them twice with our money. Then on top of that they have announced they are going to seek to take additional money from us.

Not only are they now holding money paid to us as non-refundable upgrade fees, but they are also holding a great deal of funds that came to us as via other revenue streams having nothing to do with member upgrades including:

Thousands of dollars in referral commissions we earned by promoting their website.

Thousands of dollars we earned in advertising sales

Thousands of dollars we earned from other online sources

Thousands of dollars in referral commissions we earned by promoting NETIBA, owned by StormPay.

Thousands of dollars earned from advertising promotions and for convention registrations.

They are also sitting on much more money that they earned in fees from both our company and all our members, transactions which they are now saying are null based on their own internal investigation.

We also have not been contacted by any law enforcement officials and/or been informed of any investigation by anyone. StormPay has created this lie in order to cover their own trail of blackmail, deceit, and money shifting that made them unable to pay our withdrawal request.

What does this mean? THERE WAS NEVER ANY INDEPENDENT INVESTIGATION OF OUR STORMPAY ACCOUNT. STORMPAY LIED TO IS USERS...AGAIN.

StormPay has also lied to all of its users informing them that they just discovered 12daily Pro's business model. However, their own daily records since we began using them in May of 2005, they have a detailed record of payments both received by us from members and sent to members by us. Not only did Stormpay tell us just 5 days ago that we were an excellent client and member, they blackmailed us into forcing us to chose them as our ONLY payment processor, with full knowledge our our business model.

These current actions and this 'fake' investigation are simply a means by which they can cover their own illegal acts and mishandling of their users funds. They have provided us NO PROOF of an external investigation. And no external investigators have contact us.

In addition, Stormpay has locked us from access to our account, so we don't know who is being refunded and whether or not those refunds are legitimate. We also fear that they may be laundering and syphoning funds out of our account to cover their debts to their other users who have never even been members of 12daily Pro.

StormPay President, John McConnell openly admitted to me that they do not have the funds to cover their user accounts in their bank. These actions they are taking are ALL because of this. And now they intend to try to make 12daily Pro and all of you pay for their unlawful shifting both our money and yours.

By the second, StormPay is absconding with money that we need to legitmately refund our members and operate our business. Their actions are making it very unlikely that everyone will get the refunds they are due.

We have been advised that it may be possible to take legal action that will force them to cease and desist in dispursement of our funds until a REAL independent investigation is conducted. Other autosurfs are also in discussion of a class action law-suit against the company, who has a long negative history with the BBB.

Many supportive members on the forum asked us if there is any way you can all help us recover our funds from Stormpay via legal action. Requests were made that we make available the ability for members to donate to a legal fund for this purpose. Over 200 members have already donated. If you would like to assist us in our efforts to recover 12daily Pro funds from Stormpay, you can send a donation electronically via EMO with the following payment details:
Please know that I am here and I am going to stay here and continue to communicate with all of you the best way I possibly can.

Thank you in advance for your support.

Charis
I have received similar communications from several other auto-surf programs. It is NOT just 12DailyPro by any means - although they are the most prominent.

Just FYI, the 44% interest of 12 DailyPro is actually not paid out until about a week after the end of the 12 day periond, so the effective daily interest is much less that 12%. It is still really high, but regardless of how it is set up they have always paid as promised until Stormpay ran off with EVERYONE'S money.

So ladies and gents - it may be that 12DailyPro came down like a house of cards, but only because the real Joker in the deck turned out to be Stormpay, and that slimy hole card brought down many another house too. So this time, how about you put ALL of the cards on the table for your viewers? Try to find some people whose money and lives Stormpay has wrecked. A lot of hopes and dreams were destroyed this past week and it will make a compelling story, I assure you! And if you don't tell it, I can also assure you that someone else will be getting the information and scooping you on a story you already had - not to mention making you look bad for telling the wrong part of the story as the main item. But I'll leave it with you for a day or two and see what you do.

No need to quote or cite me unless you want - I am happy just to get the truth out about the con company Stormcom (Stormcon!). They deserve whatever you hit them with and more!

XXXX XXXXXX
214-XXX-XXXX

P.S. See the attached photos for more info.
Reply Reply with quote Notify of replies

9 Member Support / General Member Support / Re: Please help me find a post on: Today at 12:11:15 PM
Started by 12DP-AdminCharis | Last post by Petr1fied
What about this one, posted in 2 parts because it's huge and exceeds the 20,000 Character maximum:

Originally posted by Dquixote1217 on the MMG Forum

Quote
Guys and gals,

Before you blow me off here, let me tell you that I was a journalism major and I have 20 years of investigative experience. In the past two years, I have helped expose and shut down two major scam operations, including the cancer cure and flu fighter labs of Arthur VanMoor that was a three part story on Fox News a few weeks ago.

What I want to tell you is that in your evident zeal to expose 12DailyPro, you are missing the real story - a much bigger one that affects hundreds of thousands of people, is ruining lives and crushing dreams, and involves many times more millions than just 12DailyPro. Here is what it is: What brought 12DailyPro to a halt was a crooked payment processor named Stormpay, who has spent and misused the funds they were entrusted with and then engaged in a series of lies and coverups to hide the truth that they no longer have the funds available to cover withdrawal requests.

Althought they planted false stories about goverment investigations being the cause of them freezing 12DailyPro's accounts (which happened well before you news story, by the way, so don't try to tell the story like you had any cause and effect), it was really their bank that demanded that they freeze the accounts of scores of auto-surf (paid to surf) programs like 12DailyPro and dozens of high yield investment programs (HYIPs) THAT is the big story you should be going after - not merely singling out one single program out of scores and scores of such programs! Stormpay is a crooked company that started out as a ponzi scheme themselves and they have evidently blown money by the bankful on cars, racetracks, houses and who knows what else.

Rather than me write your story, how about I just give you some facts to check out and find the truth and THEN report it just like I was taught way back in Journalism 101 when they still had dirt floors in the classrooms - lol).

The CEO of Stormpay is Steve Girsky and the President is John McConnell.

Here are the residential and business listings for Steve Girsky:

Girsky, Steven C (residence)
4987 Shadowbend Cir
Clarksville, TN 37043-9007
(931) 362-9288

Girsky, Steven C (business) http://pview.findlaw.com/view/2558419_1?noconfirm=0
Batson, Nolan, Brice, Williamson & Girsky
121 S Third St
Clarksville, TN 37040-3403
(931) 647-1501

Stormpay began as a Matrix scheme named TYMGlobal.com (see http://web.archive.org/web/20021206225636/...com/index.html) which ultimately flopped and Stormpay was created to fund their own matrixes and other matrix operations. They then became a payment processor. At first they prided themselves on supporting matrix schemes, but as the heat was turned up, they changed their terms of service to explicitly forbid matrix transactions.

At one point in time, they were prohibited from doing business in their homestate of Tennessee, and Tennessee residents who attempted to set up an account and add funds to Stormpay would get an error message stating that they were unable to accept Tennessee accounts.

Although they began as a matrix and matrix payment processor, they reportedly ultimately froze the accounts of other matrixes they had been serving, a possible precursor to their recent actions against paid to surf programs (Auto-Surfs) and high yield investment programs (HYIPs).

Stormpay is located in Clarksville, TN and their given address is about .3 miles from NetIBA. Both companies were registered by none other than Stormpay President John McConnell. The connection between the two is important because Stormpay presented NetIBA as a separate entity and required all of their members to either pay 6.9% transaction fees of else pay $19.95 and up to NetIBA (themselves) to get "certified" and pay lower fees. Just another scam by a scam company.

Name

I.D. Number
STORMPAY, INC.

0449997

Business Type*: CORPORATION
Profit/Nonprofit: FOR PROFIT
Status*: ACTIVE
Date of Formation/Qualification: 07/07/2003
Domestic/Foreign: DOMESTIC
Place of Incorporation/Organization: MONTGOMERY
Duration: PERPETUAL
FYC(Fiscal Year Closing) Month: DECEMBER

Principal Office:
Address Line 1: 1690 GOLF CLUB LANE
Address Line 2:
City: CLARKSVILLE
State: TN
Zip: 37043
other than USA:

Registered Agent:
Name: JOHN R. MCCONNELL, JR.
Address Line 1: 1690 GOLF CLUB LANE
Address Line 2:
City: CLARKSVILLE
State: TN
Zip: 37043

-----------

I.D. Number
NETIBA, INC.

0482353

Business Type*: CORPORATION
Profit/Nonprofit: FOR PROFIT
Status*: ACTIVE
Date of Formation/Qualification: 12/02/2004
Domestic/Foreign: DOMESTIC
Place of Incorporation/Organization: MONTGOMERY
Duration: PERPETUAL
FYC(Fiscal Year Closing) Month: DECEMBER

Principal Office:
Address Line 1: 2115 OLD ASHLAND
Address Line 2: CITY ROAD
City: CLARKSVILLE
State: TN
Zip: 37043
other than USA:

Registered Agent:
Name: JOHN R MCCONNELL JR
Address Line 1: 2115 OLD ASHLAND
Address Line 2: CITY ROAD
City: CLARKSVILLE
State: TN
Zip: 37043

Only a couple of weeks ago, Stormpay made news with it's subdivision Stormpay Racing (www.stormpay-racing.com) when it was announced that they had agreed to become corporate sponsors of Clarksville Speedway. Financial terms have not been disclosed, but it is apparently a two year deal that will help fund expansion and operating costs and includes a name change of the facility to reflect the Stormpay corporate logo.

For more information:
http://stlracing.com/forums/printthread.php?threadid=68059
In the past 48 hours, Stormpay first demanded that all auto-surf and HYIP type programs use Stormpay as their exclusive payment processor or else they would be banned from using Stormpay, a move that many labeled a power play to monopolize the market for auto-surfs and HYIPs. Just prior to this decision being announced, Stormpay sent the following message to those who filed claims against HYIP and auto-surf programs for missing payment, a message which appears to indicate a reveral of policy regarding refunds of claims made against non-tangible goods and services:

"We have reviewed carefully your claim and the information you have provided in support of your claim. After completing our investigation we have determined that the merchant you paid should be sanctioned and suspended from transacting any further business through StormPay. The actions and conduct of this merchant have caused harm to many other StormPay customers. It is our intent to attempt to recover funds from this merchant and proceed to initiate refunds to customers in the order that the claims were filed. For that reason, should you choose to attempt to recover your funds through any other means that conduct will result in the forfeiture of any refund you would otherwise be willing to receive through our recovery efforts."

(quote edited for length)

After this message was sent out, it was pointed out on various forum sites that such message would serve to invite more claims and earlier claims, resulting in more accounts being frozen - while at the same time, the message sent a clear signal that "other means", which would presumably include taking any legal actions against Stormpay, would result in foreiture of Stormpay attempting or making refunds for whoever took such "other" actions.

It was also pointed out that by freezing HYIP and auto-surf accounts and paying individual claims, Stormpay could avoid all of the very large withdrawal requests made by the various HYIPs and auto-surfs who needed their own money to make payouts that were due and instead enable Stormpay to pay smaller claims according to their own timetable.

Then, less than 24 hours after the demands to drop other payment processors and the message about refunds, Stormpay rocked the world of HYIPs and auto-surfs by freezing all of their accounts - a move that will surely lead to the demise of those programs in short order as they have more and more payouts come due and no means of accepting new deposits to keep the programs alive. It was reported that an unnamed "outside organization" was actually behind the freezing of accounts.

STORMPAY WITH A BAD BETTER BUSINESS BUREAU RATING - NO WAY!

And involved in ponzi schemes too?

But they are NetIBA certified - gasp!

BBB Reliability Report
The Better Business Bureau
Serving Middle Tennessee
P.O. Box 198436
Nashville, TN 37219-8436

StormPay, Inc
1690 Gulf Club Lane
Clarksville, TN 37043
Telephone: (931) 647-8750
Fax: (931) 647-8970

The BBB reports on members and non-members. If a company is a member of the BBB, it is stated in this report

BBB Definition:

report - A summary of activity reflected in a company's BBB file. Includes basic business background, BBB membership information, and Bureau complaint activity over the previous three years. Also reports may include any known government actions, advertising issues or other information that results from activity conducted by the BBB.

Principal: Mr. Steve Girsky , CEO Incorporated: July 2003, TN
Entity: Corporation File Open Date: September 2002
TOB Classification: Online Payment Processor
BBB Membership: This company is not a member.

Additional DBA Names
Tymglobal

Principal Officer

Mr. Steve Girsky is the CEO of the company.

Customer Service Contact

Mr. Steve Girsky is the complaint contact person for this company and should be contacted at (931) 647-8750 before filing a complaint with the BBB.

Nature Of Business

According to information in BBB files, this company offers hosted home pages, email addresses, online auction listings and operates as a payment processor for online transactions.

Customer Experience

Based on BBB files, this company has an unsatisfactory record

BBB Definition:

unsatisfactory record - A company has an "unsatisfactory business performance record" with the Bureau is based on the experiences reflected in BBB files. This file condition results when the company has failed to resolve or respond to complaints, repeatedly failed to respond or resolve issues in a timely manner, failed to resolve the underlying issues for a pattern

BBB Definition:

pattern - More than 2 complaints involving the same allegations usually within 12 months that are significant in relation to the company's size and volume of business.

of complaints, failed to honor their commitment to mediate or arbitrate disputes or honor mediated agreements or arbitrated decisions, failed to substantiate, modify or discontinue false advertising claims

BBB Definition:

advertising claims - The Better Business Bureau reviews business advertising, (newspaper, magazine, TV, radio, internet) routinely to ensure that it is truthful and ethical. Claims in advertising are measured against basic advertising principles of the BBB Code of Advertising

BBB Definition:

BBB Code of Advertising - http://www.bbb.org/membership/codeofad.asp
which was developed to guide advertisers, advertising agencies and advertising media.
that are challenged by the BBB, or failed to discontinue unauthorized use of the BBB name and logo, a Federally protected trademark.

with BBB due to a pattern

BBB Definition:

pattern - More than 2 complaints involving the same allegations usually within 12 months that are significant in relation to the company's size and volume of business.

of complaint received.

In the past 36 months, the company has received complaints specifically concerning the company's failure to inform and follow up with its customers when it suspends accounts, failure to release funds in a timely manner and failure to resolve complaints directly with company management.

The company has responded to each complaint presented by BBB. However, the company has not eliminated the pattern

BBB Definition:

pattern - More than 2 complaints involving the same allegations usually within 12 months that are significant in relation to the company's size and volume of business.

of complaint.

YTD 2006, the company has received 8 complaints;
In 2005, the company received 49 complaints;
In 2004, the company received 6 complaints.

Company Management

Additional company management personnel include:

Mr. John R. McConnell, Jr. - Registered Agent

John R. McConnell, Jr. is also listed in BBB files as the registered agent of NetIba, Inc. BBB maintains a seperate file on NetIba, Inc. which is available, free, upon request.

Government Actions

On August 7, 2003, the Tennessee Securities Division of the Department of Commerce & Insurance issued an "Order to Cease and Desist" (file number 03-020) with TymGlobal, Inc., StormPay, Inc. and John R. McConnell, Jr.

The order states that TymGlobal and StormPay are under common ownership and/or control. TymGlobal operates an internet website which is registered to StormPay. On the internet website, respondents are operating a pyramid and/or Ponzi scheme promising large returns on investments for participating in the scheme. The order further states that TymGlobal has not registered any securities offerings with the Division pursuant to Tennessee Securities Act of 1980. Nor has the company registered with the Division as a broker-dealer, agent of a broker-dealer or investment adviser. Also, the respondent StormPay has not registered any securities offerings with the Division nor has the company registered with the Division as a broker-dealer, agent of a broker-dealer, or investment adviser. John R. McConnell, Jr. has not registered with the Division as a broker-dealer, an agent of a broker-dealer or as an investment adviser.

Potential investors were given the opportunity to invest in both partnership shares as TymGlobal as well as to participate in various Ponzi schemes. Respondents promised a high return. The offering of participation in the schemes sold by the respondents is an investment contract and thus, a security under the act.

The Division ordered the respondents TymGlobal, StormPay and John R. McConnell, Jr to cease and desist the conduct of a broker-dealer in the state of Tennessee until such time as it effectively registers with the Division. The order did not intend to prohibit lawful conduct of the respondents.

For additional information concerning this order, please contact Daphne Smith, Assistant Commissioner for Securities, State of Tennessee, Department of Commerce and Insurance, Suite 680, 500 James Robertson Pky, Nashville, TN 37243.

Report as of February 2, 2006
Copyright© 2006 Better Business Bureau®, Inc.

I wish I were a member at the Forum. someone who is a member can please do the needful.

Does anyone else want to post that? I didn't read it the first 7 times

LOL.. that was bad

The latest post by both have been very good.. reread them.. they make more sense than most of the things posted here and on other forums.

Hmm. I guess I'm curious to see what it will be like, but as of this moment, there's no way I'm putting any money into a new site that's being opened by an old site that's in the center of a huge mess & investigation.

I think I'll wait till the dust settles for 12dp before risking any more of my money there -- though I do sincerely hope Charis can survive this ScamPay fiasco...

same here! I wonder does anyone know is there a thread here or anywhere that is particularly keeping updates regarding all pending lawsuits and investigations? that might be a great place to keep a look see at on a daily basis.

Haha! I so agree with this one, Geesh. With the way the forum is setup though, it is so hard for newcomers to read through all the relevant posts. I'm getting used to memorizing every informative post as they get posted 20 times+. It's hilarious when Charis puts out a new message, at least 10 ppl within 5 minutes post it here as fast as possible. I really think today is a day for the beach. What do you think all?

No beach today.

New site coming out tonight. Woo! I'm anxious

Has anyone been able to reach stormpay or get a call back when they call that number listed for them? My bank has been trying to reach them and hasnt gotten a call back when they left a message.

Exactly, keywords = today and tonight

When my girlfriend wakes up, I'm off to the beach. She has school off today so it's a go. A 6 pack of Dos Equis, sandwiches and some desert. Don't worry I won't forget my swimming trunks and towel. Hehe.

Hmmm.....57 pages more since my last visit.

Jerzee, don't worry about this at all. This is GREAT news for you. Non-responsive means a conclusive chargeback. StormPay is caught in a STORM and it's gonna be a good one for you.

I've this. not sure is this new.

Stormpay.com hopes to clear up rumors
By CHANTAL ESCOTO
The Leaf-Chronicle


The Clarksville-based online money transfer business Stormpay.com hopes to clear up any rumors about the company closing valid accounts, and that the Web site continues to make legitimate transactions.

“Every penny of every customer’s funds are accounted for and available,” said Steve Girsky, Stormpay.com’s CEO.

Some people who have accounts with the online business became concerned when they were not able to access the site for about four days.

Girsky said certain accounts were closed because they were under investigation by law enforcement for what appeared to be a ponzi or “pyramid” multi-level money-making scheme. Those accounts associated with the suspected merchant were frozen, which caused a frenzy of e-mail complaints, therefore shutting out legitimate Web site traffic, Girsky said.

“Our hopes are to get these investigations completed as early as possible so that victims can quickly be refunded monies that have been captured in those account closures,” Girsky said on the company Web site.



Originally published February 6, 2006


http://www.theleafchronicle.com/apps/pbcs....003/1002/NEWS17



But sounds like Bull****!!!!

Okay...

but we have 70cm of snow here, so I don't really think it's a go overhere...


Yea, that'll happen.

Because 12dp's lawyers I presume are also suing for slander and defammation of character. If you respond to every claim made against, it just turns into a cat fight and deminishes the effectiveness of your case