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Post by Deleted on Mar 4, 2022 11:52:12 GMT
I have a very simple question for this form and that is are you pro Mike Poulos or anti
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Post by punipa16 on Mar 4, 2022 13:59:43 GMT
neither. i'm on the fence and i'm never getting off the fence until one of two things happen.
1. Payout 2. Some update comes out claiming it's a scam and there's absolutely definitive proof from mike himself.
I ain't taking any bribes.
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Post by dolphan on Mar 5, 2022 4:43:31 GMT
That is my biggest issue…why is he still here? Why is now making videos? He could easily disappeared and been done with it. Do I feel he is going to ask for more money or an add on to get payout faster? I do. …
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Post by Deleted on Mar 5, 2022 5:24:17 GMT
neither. i'm on the fence and i'm never getting off the fence until one of two things happen. 1. Payout 2. Some update comes out claiming it's a scam and there's absolutely definitive proof from mike himself. I ain't taking any bribes. I also agree, there re too many issues that one, are unresolved and two just don't make sense. I agree that Mike is very much a man of mystery, many statements made in the past are contradicted or just plainly not followed through and many just don't make any sense. I also agree that if this program if legit it would most certainly attract the worst of the of the internet scam artists, the fact that no information regarding this program can be verified as legitimate or not is of concern. but I guess we are now at a point that we have to wait and see what comes of the so called lawyer that has allegedly been commissioned to run this program to completion. i guess only time will tell.
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Post by davo51 on Mar 6, 2022 23:30:07 GMT
I think Mike's a scammer and we'll never see any money. I am still quite fascinated by this programme because it's been going on for so long. I certainly won't be putting any more money into it but am interested in seeing what happens in the end. Just when it looks dead in the water we get something else like this new email,as I said, fascinating.
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Post by retired on Jun 6, 2022 19:32:29 GMT
I want to believe Mike is honest, and that he and E65 are aboveboard. The information in the new telegram channel sounds very encouraging. But in reality, there is no proof that E65 exists. If I ever get a chance to talk to the lawyers, I want full information about the program: how it started; what all has happened during the last 22 years that caused so many delays; where is the money coming from; why is he using lawyers from Canada.
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Post by Deleted on Jun 8, 2022 10:00:23 GMT
I doubt the lawyers will share any details on what happened in the last 22 years. You can try. I agree, my understanding is that the lawyers are there to facilitate the processing of the members and the alleged pay-out if it happens. I would be very surprised if you manage to get any background info out from them about what has transpired in the past. I would also be very surprised if there will be any facility to actually communicate with them in a real time basis, considering if there are 16K members to process, sending emails or trying to speak with them it would be chaos As I have said before only time will tell
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Post by grayeagle on Jun 9, 2022 14:13:45 GMT
If you will allow me... Only if this all is true I don't know when I should take this up. The way the payment will take place and actions that will be taken by the lawyers, the party will soon be over for me. I do want to pay taxes but the way the payment will take place, I'll be fined, probably 50% or more. I will need explain where the money comes from (not so big of a problem).
When that is done, then for every 10k or more that I want to use, I will have provide proof for what I want to use it for and thus need permission for.
If for example the funds are deposited into an account of an IBC, then these data (information) will be passed on to the authorities and then it is over and done (for me).
So the question is why should I bother to get the loot?
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Post by grayeagle on Jun 9, 2022 16:26:45 GMT
I don't know exactly how it is called but you will receive a certificate (from the bank) so you can prove that the funds are legitimate.
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Post by retired on Jun 10, 2022 4:54:35 GMT
Didn't this program begin as a reverse pension plan? So should there be some documentation from an insurance company?
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Post by grayeagle on Jun 10, 2022 12:18:16 GMT
Evenso you will need some kind of proof that the fund are not from some money laundering activy.
Every transaction that exceed $ 10,000 (worldwide) raises a red flag and it will be checked where the money is comming from and where it goes.
Without the certificate you will have a problem proving that you received this money in a legitate way.
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Post by Deleted on Jun 27, 2022 10:21:19 GMT
If you will allow me... Only if this all is true I don't know when I should take this up. The way the payment will take place and actions that will be taken by the lawyers, the party will soon be over for me. I do want to pay taxes but the way the payment will take place, I'll be fined, probably 50% or more. I will need explain where the money comes from (not so big of a problem). When that is done, then for every 10k or more that I want to use, I will have provide proof for what I want to use it for and thus need permission for. If for example the funds are deposited into an account of an IBC, then these data (information) will be passed on to the authorities and then it is over and done (for me). So the question is why should I bother to get the loot? From the language you are using it sounds like you may now more about the status of this program than others, getting frustrated about a pay-out that is so far from being confirmed is not good for you. As for the tax issue and the IBC once that tax has been paid in the US and the balance of any tax that is owed to your country the balance of any alleged pay-out is yours to do with what you like I would think that 50% of something would be better than not receiving anything at all, (if there is anything to receive)
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Post by retired on Jun 30, 2022 18:46:33 GMT
The tax situation described in the telegram update seems really weird, the more I think about it. Whenever a person wins the lottery, gets an inheritance, or gets a gift of money, the individual who possesses that money will decide how they want it taxed. The taxing authority does not immediately take out their share.
Correction: I believe I recently read that taxes are automatically taken out of lottery wins if someone chooses an immediate payout, but not if they take the lifetime payout.
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Post by grayeagle on Jul 4, 2022 13:18:08 GMT
From the language you are using it sounds like you may now more about the status of this program than others, getting frustrated about a pay-out that is so far from being confirmed is not good for you. As for the tax issue and the IBC once that tax has been paid in the US and the balance of any tax that is owed to your country the balance of any alleged pay-out is yours to do with what you like I would think that 50% of something would be better than not receiving anything at all, (if there is anything to receive) Well my friend, with all due respect, I can tell you one thing. if this was 10 years ago, I would be frustrated. I the past ten years I saw a lot going on. It was in a different program/team that we were confronted with these kind of issues. So, I know better than to sit and wait for the payout. Mind you, that if there will be a windfall, maybe you are ready. But I know that a lot off people will not be ready to handle this. It was just an observation of mine, nothing more
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Post by grayeagle on Jul 5, 2022 14:08:50 GMT
(Mind you, I'm not a native english speaker, so I need to translate my thoughts and it can sound a little funny)
To answer your question, I'm almost certain that it's a program similar to E65.
I think I understood the handling process differently.
My version: After the lawyers have performed the KYC, they proceed to pay out. When it is clear what you get, then they start calculating tax and that is withheld or remitted. This will probably be done in the country where the funds reside before being transferred to the beneficiary's account. After deducting the tax, the rest will be deposited into the beneficiary's account. Once that is done, the law firm will make contact with the beneficiary's tax authority in the beneficiary's country of residence and inform them that the beneficiary has received an amount of money.
There are at least two ways to receive the funds, cash or in crypto(BTC). If the beneficiary choose cash, then everything is clear and the process just rolls. If the beneficiary chooses crypto e.g. BTC, then it gets a bit confusing for me. (Now that the BTC has fallen sharply, you would say it is attractive to choose BTC. But the BTC has lost a lot of its strength and it will take some time to recover.) Okay, so if the beneficiary has chosen BTC, then it becomes a bit tricky. I know that there are already a few countries that have made the accumulated BTC assets taxable but this is not yet the case everywhere. And as long as there is no clarity on that, it remains guesswork.
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