Who are VX GATEWAY?

VXGateway Inc. was dissolved on September 26th 2016.
VXGateway Ltd, the company registered at UK Companies House, is still ACTIVE.
VX Corp Ltd was dissolved on 20th April 2015.
All of these companies are/were registered to Celia Dunlop.

VX Gateway Ltd list their business as:

'Agents involved in the sale of machinery, industrial equipment, ships and aircraft (46140)
Wholesale of petroleum and petroleum products (46711)
Other information technology and computed service activities (62090)'
They are registered in Panama:
Suite 11616 APDO 0832-1236, World Trade Centre, Panama City, Panama.

'APDO' in Spanish means PO BOX.

They have between 1 and 10 employees.
The company is listed as 'sociedad anonima'  which means  'Anonymous society'.
The founder is:
Timothy Alan MacKay, who lives in Texas and has no photo on his Linked-in profile.

The treasurer and secretary is Celia Eileen Jean Dunlop, who has no photo on her profile:

who has also registered a VX company in Chelmsford England:
http://www.checkcompany.co.uk/company/07514659/VX-GATEWAY-LIMITED

The directors are listed as:
Timothy Alan MacKay
Celia Eileen Jean Dunlop
Aura Arias

There is also a Linked-In profile for a 'Yon Zeimet' who claims to be the 'SEO' of VX GATEWAY. 

The photo is just a stock photo and is used in other web pages.

But he also has a Facebook page that was started on 30th May 2012. 

If VX GATEWAY were a professional run company, why haven't they got proper 'Linked-In' profiles and genuine pictures?
There is no need for a legitimate company to hide behind fake profiles and cartoon photos.


These are the ALEXA rankings for VX GATEWAY.

35% of ALL it's traffic comes from My Advertising Pays.

 No other merchants are listed.

What other customers do they have?

These are their contact details:

An address they share with 26 other businesses!

and if you google the number they give: 786-288-3366

You get FLORIDA!

This is their Facebook page:

It was launched in May 2013 and has since been deserted.

Don't bother commenting or asking for help, NOBODY'S THERE!

And look at this:

http://www.sec.gov/Archives/edgar/data/1619558/000114420414062928/v392049_ex1-3.htm


The address and email details for Merchant services is:
17b Edifico Officinas Obarrio 60
Calle 60 Este, Bella Vista,
Panama City,
Republic of Panama
administration@vxateway.com ( a spelling error?)

And finally, this is VX Gateways Representative offices:

Representative office in Mauritus:
AD REM MERCHANT SERVICES LTD
 Suite 501, St. James Court, St. Denis Street, Port Louis, Mauritus.

Representative office in Georgia:
COPERNCUS MERCHANT SERVICES LTD.
9, Dzma Kherkheulidze Str #14 Apt 3, City Rustavi, Georgia.

Representative office in Azerbaijan:
CBC POLSKA

3 inshaatchiliar avenue, Baku city, Yasamai district, AZ1073 

And this is My Advertising Pays Representative Offices:

Representative office in Mauritus:
AD REM MERCHANT SERVICES LTD
 Suite 501, St. James Court, St. Denis Street, Port Louis, Mauritus.

Representative office in Georgia:
COPERNCUS MERCHANT SERVICES LTD.
9, Dzma Kherkheulidze Str #14 Apt 3, City Rustavi, Georgia.

Representative office in Azerbaijan:
CBC POLSKA

3 inshaatchiliar avenue, Baku city, Yasamai district, AZ1073 

IDENTICAL.

To conclude:
VX GATEWAY is REGISTERED in Panama and operates out of a PO BOX.
It's company is listed as an ANONYMOUS SOCIETY.
It has NO photographs of it's directors or owners.
It lists its employees as between 1 and 10 and I've already listed FOUR of them here.
This is a company with owners and directors you can't see,
a mailing address in HOUSTON it shares with 26 others,
a phone number in FLORIDA, no listed email address, no social media contact...and a spate of offices that it shares with My Advertising Pays!
Do you REALLY trust this company to handle hundreds of thousands of dollars worth of MAPS transactions? 

(Many thanks to my good friend Jack McGarth who helped me put this information together)
https://www.facebook.com/jack.mcgrath.7355?hc_location=ufi


For your information:
VX GATEWAY was registered on 21st August 2007.
MAPS was registered on February 23rd 2005.




30th September 2016

VXGATEWAY have closed their website with this message:

Companies House in the UK have VXGATEWAY Ltd registered.
https://beta.companieshouse.gov.uk/company/07514659/filing-history

This is the address in Aire Street:

A virtual office in Leeds is really handy if you have to run a multi-million dollar International Payment Processor Company from a P.O Box in Panama. 

Updated Information from Companies House:

26 Apr 2017 Registered office address changed from No 1 Aire Street Floor 6, Office 9 Leeds LS1 4PR United Kingdom to C/O Cox Costello & Horne Josephs Well Suite 2C Hanover Walk Leeds West Yorkshire LS3 1AB on 26 April 2017


6th October 2016
Companies House have sent me this email confirming that no such Liquidation has taken place:

(to date 5th October at 9.10am no liquidator has been registered at Companies House)

10th October 2016
This is some information posted over a year on the
realscam.com  forum by my good buddy Ribshaw:

'Did a little poking on VX Gateway. Including Panama, every address "Celia Dunlop" of ICFC Services Inc, has used is a mail drop. There are also some silly sounding websites that come up under celia.dunlap@vxgateway.com. What I think is don't send your money to ghosts if you want to keep it. But this post is just some random stuff for Mapper consumption.
An industry article for those not swayed by the universe will provide if I wish upon a star line of thinking.
Risk Associated with Third-Party Payment Processors FIN-2012-A010


=================================================
Random VX Gateway stuff.

https://www.vxgateway.com/contact

There are 26 companies that have an address matching 2630 Fountain View Dr Ste 403 Houston, TX 77057-7625

2630 Fountain View Dr Ste 403 Houston, TX 77057-7625

Balance Sheet as at 28 February 2015

2015 2014
£ £
Current assets
Cash at bank and in hand 1 1
Net assets 1 1
Issued share capital
1 A Ordinary Share of £1 each 1 1
https://www.freecompanyaccounts.co.u...nts/2015-02-28

Did you know that there are 659 companies registered at 2ND FLOOR, 43 BROOMFIELD ROAD, CHELMSFORD, ESSEX, UNITED KINGDOM, CM1 1SY in Chelmsford?399 companies are active, 258 companies are dissolved and 2 companies are in liquidation.

2ND FLOOR, 43 BROOMFIELD ROAD, CHELMSFORD, ESSEX, UNITED KINGDOM, CM1 1SY, company address check UK

CELIA JEAN DUNLOP DIRECTOR 2250 NW 114TH AVE, PTY 11616 UNIT 1P MIAMI FL 33172
VX Gateway Corp. Corporate Officers, Directors and C-Level Executives
Celia Dunlop - Director for Vx Gateway Corp.

Administrative Contact

Celia Dunlop
ICFC Services Inc
PTY-11616, 2250 NW 114th Ave. Unit 1P
Miami, FL 33172
UN
Telephone: 17862203357
Email:




Vxgateway.com - Vxgateway
vXGateway.com WHOIS, DNS, & Domain Info - DomainTools
https://www.easycounter.com/report/vxgateway.com

https://whoisology.com/archive_7/vxgateway.com

*biduwin.com
bidlotto.com
biduwintravel.com
vxbank.com
biduwinproperty.com
manhattanclubinc.com
3minutepaydayloan.com
biduwinrunner.com

https://whoisology.com/archive_3/vxgateway.com

Not sure how this ties in, but came up for 2013 site ownership of a few of the above.
mackay.timothy([at])gmail.com Is Associated With 16 Domains' 

I've  highlighted the 'biduwin' connection because an interesting piece of info has just surfaced regarding this and the VX GATEWAY liquidation:

'Hello Mapper,
if you enter only the IP address of VXGATEWAY.com (130.117.72.210) in the browser to get down on the side of BIDUWIN!
Here you can log in you with the VXGATEWAY data! Then you are normally on your VX-account !!! I have tested it! You can change your data there, etc. ??? I've even paid $ 10 via Paypal - a look !?'

14th October 2016:

VXGateway Inc. was  Liquidated on 26th September 2016

VX GATEWAY Ltd is still listed as Active at Companies House UK.
 The Liquidation notice on its page says INC, not Ltd:

15th October 2016.

My opinion is that VXGateway Inc/Ltd and Corp are all the same company and are
closely linked with My Advertising Pays, which is currently not working, and not paying.
We still have no Official details of the supposed Liquidation of VXGATEWAY INC. and the company is still listed as active under VXGATEWAY Ltd.
Celia Dunlop is listed on every 'VXGATEWAY' company document. 

7th January 2017

My Advertising Pays began court proceedings against VX Gateway in December 2016 alleging they stole $60 million.
VX Gateway say that GPN Data have stolen it and won't return it.
My Advertising Pays is now closed and has relaunched as 'The Advert Platform'.
The Advert Platform is now using GPN Data as it's new payment processor.

VX Gateway describes itself as:
VX Gateway inc('VX') Cloud Payment Framework - enables countries and governments to take control of Tax collection, ongoing remittances, and incoming revenue streams including movements of money from treasury, government departments, financial institution, commerce and citizens...'

So if big government departments were using VX Gateway and had, by conclusion, lost Taxpayers vast sums of money, you'd have thought that SOMEWHERE, there would be reference to it? The media would have jumped on this story straight away, surely?
And yet, not only has there been ZERO attention to it, VX Gateway have also posted a notice on their site proclaiming that the cut off date for claims is February 20th 2017.

This is VX Gateways response to the lawsuit brought by My Advertising Pays:

https://www.vxgateway.com/TrusteeUpdate122017.pdf

TRUSTEE UPDATE 6 MAR 2017 Final Settlement of Creditor Claims All properly filed creditor claims received by 20 February 2017 have now been assessed by the Trustees of VX Gateway Inc., in dissolution (“VX Gateway”) and an advisory email has been issued to all registered claimants. Claimants advised of a settlement payment must reply to the email with all the proper requested information, including the signed Banking Instructions Form, before Wednesday 8 March 2017. Payments will be processed by Friday 10 March 2017 for claimants who submit compliant documents by the due date. Non-compliant submissions will delay or prevent processing of payment. Other than normal expenses of administration, VX Gateway owes no other money to anyone other than the registered claimants as of this date. The unusual transactional behavior by myadvertisingpays.com (“MAP”) in August 2016 (a 90% drop in sales from the prior month) caused all of the processors to cease making payments to VX Gateway after 8 September 2016. As a service provider and by the terms of its contract with MAP, VX Gateway owes nothing to MAP unless and until it receives payment from the processors. Accordingly, a number of remittance payments from MAP's VXLOOP account to customer VXLOOP accounts have been cancelled and reversed as MAP's VXLOOP account has insufficient cleared balance to fund the payments. People who seek payment of the balance in their account at MAP should contact Mike Deese, CEO and Director of MAP or MAP's law firm Hart David directly. VX Gateway is attempting to recover additional sums owed to it by MAP in the form of legal damages through the lawsuit it has, upon advice of Panama legal counsel, filed in Panama against MAP and against Michael Deese individually who personally guaranteed payment of VX Gateway's fees. There is also a large receivable owed to VX Gateway by GPN Data. GPN Data has withheld payment. When and if money is received from GPN Data, VX Gateway will then pass through whatever share is then due to each of the respective entities or parties. In January of this year, VX Gateway challenged MAP's outrageous and false claims made in the lawsuit filed in US District Court in Houston, on its website, and repeated publicly elsewhere, by proposing that MAP join in commissioning an independent audit by a Big 4 accounting firm. MAP was advised that the audit would determine how much, if any, money is actually unaccounted for, and identify exactly who is holding any such funds. Not surprisingly, MAP refused repeated offers to agree to the audit. Accordingly, VX Gateway has now, completely upon its own volition and at its expense initially, arranged with a Big 4 accounting firm for the independent audit to begin immediately. We shall soon all know the falsity of MAP's lawsuit and who is holding any unaccounted for funds. VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits.  This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control. TRUSTEE UPDATE 21 FEB 2017 Claim Period Now Closed The period for registering a claim against VX Gateway Inc. in dissolution (hereinafter referred to as “VX Gateway” or “company”) has now closed. The Trustees will review all registered claims and communicate with the claimants over the next two months to confirm the settlement amount and verify bank account details. Only people who have a balance in their VX Gateway account are eligible creditors of VX Gateway. People who seek payment of the balance in their account at myadvertisingpays.com (“MAP”)should contact Mike Deese, CEO and Director of MAP or MAP’s law firm Hart David directly. VX sues MAP VX Gateway Inc. in dissolution has, upon advice of counsel filed a lawsuit against myadvertisingpays.com in the courts of Panama seeking total damages of US $14,481,922.00. The lawsuit seeks recovery of the fees in the amount of US $5,878,706.00 due to VX Gateway for its services under the contract with MAP. All such fees were personally guaranteed by Michael Deese, also a Defendant in the lawsuit. The lawsuit also seeks US $8,603,216.00 as damages for the loss of fees that would have been earned by VX Gateway had the contract not been breached by MAP and business as usual continued. Legal counsel in Panama has advised that venue for the lawsuit is proper in Panama as required by the contract that existed between VX Gateway and MAP. VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits.  This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control. TRUSTEE UPDATE 1 FEB 2017 DISPUTE WITH myadvertisingpays.com (“MAP”) VX Gateway Inc. in dissolution (hereinafter referred to as “VX Gateway” or “company”) has contended since the lawsuit was first filed by myadvertisingpays.com (“MAP”) that it is a specious claim, that is to say, it is a made-up fantasy. VX Gateway does not know the reason underlying the filing or perpetuation of the false claim. There has been speculation that perhaps MAP has something to hide and is using the lawsuit to “buy time”. Questions were raised as to the need to mask internal financial problems during the launch of The Advert Platform (“TAP”). Questions were also raised about Mike Deese overpaying himself and about the reported transfer of eight million dollars to an offshore bank account facilitated by MAP’s attorney Jonathan Herpy of the Hart David law firm. There has also been speculation that there is some active collusion between MAP and GPN Data. GPN Data is the party that has withheld payment, MAP is the party claiming payment. How is it that they are working together and the issue remains unresolved? We express no opinion on those issues. The amount being withheld by GPN Data is in the order of USD 14 million, as detailed in the Executive Summary by Trustees now on public record in case No. 4:16-CV-0354 in the US District Court for the Southern District of Texas Houston Division. All other funds due to MAP from monies actually received from GPN Data have been paid to MAP in the normal course of business. The $14 million dollars is not a debt of VX Gateway; as a service provider and by the terms of its contract with MAP, VX Gateway owes nothing to the merchant, here MAP, unless and until it receives payment from the processor, GPN Data. When and if received from GPN Data all amounts payable to MAP from the dissolution will be paid.  There is not and never has been $60 million dollars missing or unpaid. Why MAP is making such a false claim is unknown. Perhaps this is the amount that MAP owes its customers?  We express no opinion on this issue. VX Gateway is a payment gateway service provider, and is paid only for its services. It has nothing else to gain or lose except its fees. Once money is received by VX Gateway from the processors it is paid out via automated software, net of VX Gateway’s fees, to the merchant, here MAP. Accordingly, since the lawsuit was first filed, VX Gateway has suggested that an audit be done and that the records of Visa and MasterCard be obtained. SEE Trustee Update of 2 January 2017 (below). In an effort to set the facts straight, VX Gateway offered, in an in person meeting with MAP attorney Matthew Vogler in Panama on 21 January 2017 and in follow-up correspondence, to equally share the cost of having an audit of all transactions done by a neutral third party such as one of the Big 4 accounting firms. Nothing can be hidden in such an audit. The truth will come out. Every dollar will be traced from MAP through the gateway to the processor where then paid out or withheld and every dollar paid by the processor traced back through the gateway to MAP or related parties. The audit will tell us all exactly how much money is really involved and who received or is holding the money. Refusal to agree to such an audit might suggest that MAP or a related party does indeed have something to hide. Again, we express no opinion. To date MAP has failed to reply to this offer. To date MAP continues to work with GPN Data. Draw your own conclusion. Because MAP has failed to cooperate in getting the audit as described, VX Gateway has received advice from its legal counsel that it may pursue the audit and charge the entire cost to MAP as an offset to any monies that may in the future be received from the processors. Regardless of MAP’s failure to cooperate, VX Gateway will proceed in getting the audit done as described. Once done VX Gateway intends to be bound by the audit. Many people apparently have claims against MAP; not all of those people have claims against VX Gateway.  Only people who have a balance in their VX Gateway account are eligible creditors of VX Gateway and are encouraged to file a proper claim in the dissolution before 21 February 2017. People who seek payment of the balance in their account at myadvertisingpays.com should contact Mike Deese, CEO and Director of MAP or MAP’s law firm Hart David directly.  VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits.  This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control. TRUSTEE UPDATE 2 JAN 2017 DISPUTE WITH myadvertisingpays.com (“MAP”) VX Gateway Inc. in dissolution (hereinafter referred to as “VX Gateway” or “company”) is required by applicable law to gather and collect funds due to it and to defend and protect the company’s assets for the benefit of creditors. The dissolution proceedings were filed by the company on 23 September 2016, as a direct result of unusual transactional behavior by myadvertisingpays.com (“MAP”) which caused all of the processors to withhold payments to VX. The filing of the dissolution was voluntary and pre-dates all other known claims or actions. A lawsuit, which the trustees believe to be a false claim and totally without merit has been filed by MAP against the company in the US District Court in Houston, Texas. MAP was seeking a temporary restraining order against the company, which was denied by the US District Court, and a hearing is set in March for the purpose of determining whether the Court has jurisdiction over the matter.   VX Gateway’s legal position is that under its contract with MAP, jurisdiction and venue is Panama and both parties agreed to resolve any dispute in Panama using International Arbitration. Litigating a lawsuit in the United States would, in the opinion of the trustees and the attorneys here in Panama, likely unnecessarily dissipate a substantial amount of money otherwise due claimants in the dissolution. Those claimants include VX Gateway customers, vendors, landlords, utilities, as well as MAP if in fact it is owed any money at all, and others. There are numerous blogs online that have been reporting misinformation about the litigation and the claim. While many of the postings are MAP members understandably concerned about monies they have not received, it seems likely that much of the misinformation may actually be professional and amateur publicists speaking for the benefit of MAP and its baseless lawsuit. The purpose of this posting is to address some of the statements and do so in an objective manner if possible. First, MAP and VX Gateway are two separate and unrelated companies. There is no common ownership. The lawsuit in Houston is specious; it has no basis in fact. The amount claimed as “missing” is made up and not supported by the books and records. Second, a forensic audit will disclose what if any monies are owed, and by whom. VX Gateway welcomes such audit. All credit card transactions are preserved in the records of Visa and MasterCard; nothing can be hidden in an audit. Third, many of the blogs describe MAP as a “Ponzi scheme”. VX Gateway investigated the business carefully before accepting its processing and MAP did not, as then doing business, appear to be a Ponzi. Moreover, VX Gateway required, received, and relied upon a formal Legal Opinion Letter from MAP’s attorney, Jonathan Herpy, of the law firm of Hart & David, LLP attesting to the legality of the MAP’s business. The business concept of MAP appears to be an “advertising arbitrage”, a way of exposing an advertiser’s media to more viewers. Many see it as an extremely creative concept that apparently worked well for a while at least with regard to attracting a large following. Following the publicity attendant to the lawsuit we have heard from several observers that whether or not the business scheme truly benefits the advertisers seems questionable because the additional exposure sought by advertisers are in reality “hollow clicks”, that is people looking at the ads because they are paid to do so, not because they have actual interest in the product or service. One would think that over time fewer and fewer advertisers would utilize such a service. We have quite recently been told that there is also the issue of whether the MAP members have a viable long term device for creating income after expenses or if the payout scheme of MAP is weighted in such a manner that the business must eventually fail. Those concerns, however, are matters between MAP and its members. As a payment gateway VX Gateway provided a service of presenting credit card charges to one or more processors (different processors are often needed to handle transactions in different currencies or countries), after which each payment must be settled and when approved money credited/paid by the processor to the payment gateway. Those funds do not belong to the payment gateway except for its processing fees. After receipt of such funds from the processor the net amounts due are remitted or credited to the merchant, here MAP. The sheer volume of transactions requires software that virtually automates the entire payment process from start to finish. Every payee’s account is paid/credited automatically. Critical to understanding the process, by contract and industry practice, the payment gateway, VX Gateway, has no debt and owes nothing to the merchant until it receives the payment from the processor, here GPN Data (hereinafter referred to as “GPN”). GPN has withheld payments due VX Gateway. As part of the dissolution process VX Gateway is, as stated above, pursuing an audit. When and if GPN eventually pays its lawful obligations such funds should be received in the dissolution. At such time, and only at such time, money payable to any party will be credited to the account of and become payable to any party due money from the respective transactions.  In other words, at such time money owed to MAP, if any, will be paid. We find it interesting that GPN, the party that owes the money but has thus far refused to pay, is now doing business directly with MAP which is claiming the money. If they can work together to take money from MAP’s members, cannot GPN pay VX Gateway the money VX Gateway is owed in order that we may pass through that part that will then be owed to MAP? From whatever amount it is then owed and paid MAP could then pay its members some or all of what it has withheld from them. Make no mistake, any money that may become payable by VX Gateway to MAP, if any, is a part of the money GPN has withheld from paying to VX Gateway. We reiterate, by contract and industry practice no debt is incurred by VX Gateway until it is paid by the processor, here GPN Data. It should be noted that Mike Deese signed a personal guarantee to make good any monies owed to VX Gateway when he applied for VX Gateway services. VX Gateway’s position is that the actual amount in controversy in any legal proceeding in Panama can easily be determined by third party audit. Once done VX Gateway intends to be bound by the audit. There would appear to be no good faith reason for MAP to oppose such a determination. At the instruction of Jonathan Herpy of Hart & David law firm, a total of USD 8 million, consisting of two (2) payments of USD 4 million each was paid to the law firm’s escrow account.  Bearing in mind that VX Gateway itself will owe nothing until it is paid by GPN, one might ask first, as to money previously paid to MAP, where has the money gone? Only Mike Deese and MAP’s attorney Jonathan Herpy and the Hart & David law firm can provide that answer. Second, as to such monies and monies as yet not received by VX Gateway from GPN, is there some collusion between MAP and GPN?  We express no opinion on that issue. Counsel in Panama has speculated that the lawsuit improperly filed in the US is likely a sham intended instead to draw attention away from MAP and its principals. If that is correct, one must wonder what are they trying to hide? Again, we express no opinion. Legal counsel has advised that VX Gateway and others may pursue legal action against MAP and GPN and their respective spokesmen individually for slanderous and disparaging statements made by them claiming that monies have been stolen by VX Gateway or related parties. In fact, such actions may follow but the focus of VX Gateway is presently upon collecting monies as yet unpaid by GPN in order that it may be paid to the rightful recipients. Many people apparently have claims against MAP; not all of those people have claims against VX Gateway. Those that may have a legitimate claim in the VX Gateway dissolution are encouraged to file a proper claim in the dissolution at the earliest possible time in strict accordance with procedure set forth on this website. Please note: Claims that are not submitted with the required Enhanced Know Your Customer documentation will be rejected and must be resubmitted. VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits.  This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control.

19th May 2017

The latest Court Information:

'Hello everyone,

We have an update on the Southern District of Texas, Federal case, against VX Gateway. The judge in that case has made the decision to adhere to the forum selection clause in the contract until a Panamanian court invalidates that contract all together.

In essence, our move at this point is to file a secondary lawsuit in Panama and have the Panamanian courts determine the validity of the contract between MAP and VX, as well as the validity of the forum selection clause.

While we believe that our arguments in the US case were sound enough to side-step and invalidate the forum selection clause, we also believe and understand that overturning a clause that explicitly states that the matter must be brought in a Panamanian court is a tall task for any sitting judge.

Fortunately, this order will inevitably make our case that much stronger as it is our lawyers determination that the clause is completely and utterly invalid under Panamanian law. Moreover, once the clause (and contract) is invalidated under Panamanian law, we will have the opportunity to re-initiate the case in Texas without any issue of the forum selection clause.

All in all, it is an unfortunate delay, however, because we are quick to the plate and plan to immediately take this action in Panama, we believe that it won’t be an unduly burdensome exercise. Thankfully, the courts in Panama are quite a bit quicker on decision-making than our courts in the US, so we look forward to moving this issue along with absolute haste. The above being said, we anticipate that our attorneys will allow us to FINALLY reveal the biggest update that we have coming in this matter and finally pull the curtain back on what moves we have been making in preparation for this decision by the courts in the US.

As always, if there are any questions at all regarding this matter please don’t hesitate to reach out to us and we plan on releasing a second update next week after we have a meeting our legal counsel around the world to determine the proper moves to make.
-MD
TheAdvertPlatform'

12th June 2017 

TRUSTEE UPDATE 12 JUNE 2017 US District Court Case Dismissed The case filed in the US District Court in Houston, Texas by MyAdvertisingPays (MAP) Limited (“MAP”) and Michael Deese against VX Gateway has been dismissed. As we had predicted in an earlier Trustee Update, the Court ruled that disputes relating to the service agreement between VX Gateway Inc., in dissolution (“VX Gateway”) and MAP, must be heard in Panama; it specifically recognized Panama jurisdiction and the venue selection clause requiring such disputes to be decided by arbitration in Panama. Many have been left wondering why MAP pursued a frivolous case in the US? Possibly it was because MAP had no credible or complete financial records and thus could not substantiate a claim to VX Gateway in the dissolution claims procedure; in this regard, it should be pointed out that although invited to do so, MAP never filed a claim in the dissolution. Let's state that again: MAP intentionally failed to file a claim (for itself or its members) in the dissolution proceeding for what it contended was $60 million; why?. Similarly, lacking such financial records, MAP may not have been physically able to set forth a viable claim to an Arbitrator in Panama as required by the service agreement. Or perhaps, as we have said in an earlier Trustee Update, the case was filed by MAP in the US simply to buy time? Time to start a new company, or time to avoid facing authorities perhaps? Our Legal Counsel in Panama feels that the burden of proof is higher in Panama for arbitration than in the US. In arbitration in Panama MAP will be required to support any claim with its own internal audited financial statements. They will not be able to rely on the financial records of third parties, which they have done so far. The most recent “audit” put forth by MAP was not an audit made in the manner that will be required in such arbitration. Describing it as an audit in that sense of the term is deceptive and misleading. While it purported to be a “top-to-bottom study of the VX draws, and finally gross receipts to MAP”, it completely failed to take into account “withdraws and disbursements to MAP members, VX draws, and finally gross receipts to MAP”. In fact, MAP’s auditor, Alpha Performance Verification Services, in its so-called “audit”, did nothing more than use Excel to summarize the financial statements of the processors. It excluded (omitted) any MAP financial transactions, processor fees or VX Gateway fees. Common sense and basic accounting tells us that, if the processor financial statements were incomplete or erroneous, the “audit” would likewise be incomplete or erroneous. This is commonly described as “garbage in ...garbage out”. Surely congratulations are in order for Alpha Performance Verification Services' fine work (not). VX Gateway stands ready to participate in arbitration in Panama. We have had a complete and accurate audit conducted by CSB. Review of the CSB audit will leave no doubt that the lawsuit in Houston was specious and possibly intended by MAP or its legal counsel to mislead its members and the public. The $60 million Was Never Stolen or Missing While the case in the US was dismissed for improper venue and lack of the jurisdiction, the claims made in the case by MAP had no merits. The $60 million was never stolen. It is not even missing; it can be found in the CSB audit without difficulty. MAP’s claim that these funds are “missing” or “stolen” is clearly erroneous. MAP admits it arrived at the $60 million dollar amount by simply deducting the dollar amount of “credit card sales” from “total sales”, that is, by using simple math as follows: Total Sales - Credit Card Sales =================== Missing Amount However, as is obvious to anyone familiar with the facts, sales were made not just via credit card transactions but also by payments directly from VXLOOP Accounts that were funded directly by customers from their bank accounts. The simple correct math then is: Total Sales - Credit Card Sales, and - VXLOOP Account Sales =================== Correct Amount zero. Nothing missing Interestingly, as reflected in the CSB audit on file as part of the discovery provided by VX Gateway, the dollar amount of VXLOOP Account Sales, that is, the entry that is missing in MAP's math, almost exactly matches the amount MAP claims as “missing” or “stolen” (subject to fees and final audit). Was this omission a simple mistake by MAP or deliberate deception? MAP was well aware of the substantial amount of sales paid by VXLOOP Account balances, as opposed to just the sales paid by card. This information was available in real time at the VX Gateway merchant back office to which MAP had 24/7 access prior to its breach of the contract. No company whose existence is based upon sales would simply ignore sales figures. MAP must be presumed to have made and kept copies of such records covering total sales. Put simply, the CSB Audit indicates that there is not and never was a missing $60 million. Anyone can file a lawsuit in the USA; merely filing lawsuit is not evidence of the legality of the plaintiff’s business, nor evidence of an illegal act, nor proof of the merits of the case filed. A lawsuit is simply one party's claim against another party; it is just a claim, nothing more. All it takes to file a lawsuit is to be able to pay the legal fees. A Formal Complaint Against GPN Data Has Been Made to the Mauritius Financial Services Commission Now that the distraction of the frivolous US lawsuit is behind us, we have submitted a formal complaint against GPN Data to the Mauritius Financial Services Commission. VX Gateway's complaint can be summarized as follows: GPN Data misrepresented itself as being a Mauritius licensed Payment Service Provider. Bank One Mauritius, which provided card processing for GPN Data, participated in the deception. GPN Data deliberately and systematically falsified financial statements, understating processing by USD $5,103,817.71 and EUR €307,479.89 and thereby underpaying VX Gateway. GPN Data also falsified payment records, asserting payments to VX Gateway that had not actually been paid, a total of USD $941,347.57. As set forth in the CSB audit, these intentional underpayments, combined with significant unjustified holdbacks by GPN Data, total USD $12,456,331.51 and EUR €1,272,465.69, as detailed in the Trustee Report. As we have consistently stated, when and if money is received from GPN Data, VX Gateway will then pass through whatever share is then due to each of the respective entities or parties. VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits.  This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control.

3rd September 2017
 VX Gateway used to be the Payment Processor for  'Rocket Cash Cycler'.

 'Rocket Cash Cycler' was one of the schemes that Mike Deese from My Advertising Pays used to belong to:

Rocket Cash Cycler was another PONZI scam.

  

VX Gateway were also the Payment Processor to Ultimate Cycler:

...another PONZI Scam.

More to follow...