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This post is re-edited which in no way by means as an answer to CEO Asianpay’s rebuke on the matter.
One of our readers, and member of the new forum Jose, shared this piece of information and I would share this among all our readers, since we have been following up with Asianpay as well as conducted an email interview with Carlo, Asianpay.
From Jose quoting on the former diplomat,
I don’t know if it’s true or not but this person is a honest guy and he showed me a probe of himself, he works as Diplomat, and many years in Asia, he posted this announce in my forum in spanish language (Sorry, my english is not good):
I have been speaking with my financial adviser in Bangkok. He is a broker in Thailander stock-market. To create a place as AsianPay registered in the Ministry of Commerce costs approx 10000 baht, that is, about 200 euros. And it can be mount/dismount in one week.
The authorities of Thailand pass of everything…. financial copies of marks, crimes enough, etc… reason why you forget any claim in case of fraud.
In order to have something of security, AsianPay would have to provide the legal papers where it indicates the capital of the company. If they send them in “Thailander”, there is no problem…. we have free translator.
1- the absurdity of the prizes that give by your points… an incense cone that costs 10 cents of euro by each 1000 dollars that you invest.
2- the pain of ‘ merchants’ that uses AsianPay.
3- In fact they are thailander webmasters, non experts in finances.
4- Being webmasters, the page is poor and full of links to other systems of payment and finances. Can not they pay nor its own Web completely?
5- the office in Chiang Mai gives pain. It is in an outlying area. The monitors not even are TFT. That office costs 500 euros per month (including the wage of ALL the employees).
NOTE: I have lived enough time in Thailand, Singapur and Malaysia. By the nature of my work, I know the Thailander Minister of Foreign Affairs and important businessmen from that country very well. I do not like to speak which I do not know. I am sorry to be so critical, but I see this case very clear and to make matters worse in a country that I know myself well.
The blog entry was meant for the floor to discuss or even straighten out the issues of the above claims. I was careful with my words and stated For reading references. You be the judge.
I’m a follower of AP issues from the start, to the annoucement of AP offering shares to the public and even the recent Investors’ Corner cases. Impressed with how AP was handling with its businesses is one, but the facts remain that there are critics all around and deserved to be brought up and have open discussion on how true are the allegations of the claims above.
The purpose of this entry was to bring Asianpay members in attention as well as the public to share their views on the claims, and not in anyway tarnish Asianpay’s reputation (if any).
The floor is still open, and if the entry wasn’t clear enough, I will apologise. Like to my email with Carlo, I’m not an asshole, and I will admit to my own mistakes if there are any. But if the signal is being brought across wrongly and being misinterpretated by the board of Asianpay directors and instead of constructive feedbacks, would like to initiate legal actions against me, bring it on.
Popularity: 5% [?]
Is this case the same in singapore ? because they are incorporated there as well.. and are planning to open offices in hong kong next
Facts posted seem to be incorrect. Asianpay webmasters are not “thailander webmasters” they are Italians and their CEO has a degree in Commerce and Economy. (Scoop: kaori)
What a load of Bullshit !
Hey Jude, this is supposed to be No BS site…. AsianPay has a nice office in ChiangMai and 500 Euros doesn’t even start to cover Carlo’s salary, let alone the staff… there is another staffed office in the Bangkok business district (which I have visited) which is certainly not a shoebox under the railroad bridge…. and then the office in Singapore…. well, enough said.
Yes, Carlo can write his own code. So maybe you can call him a Webmaster. But he is most certainly not Thai. He has also arranged a Credit Card Gateway through a prestigious (One of Top 3) Thai Bank and that required a LOT of money ‘up front’ as guarantee. Many millions of Baht, not 10000.
I can vouch for everything I say. I hate to see innuendo from the ill informed.
I will leave it to your readers to form their own opinions. I currently hold 5% stock in AsianPay. How much does your diplomat hold?
Regards to all
Peter
Its good to hear from you Peter. I had this blogged in as I thought it might bring controversy and you guys to come clarify as well.
Did you sit in with the rest on the annual meeting you mentioned?
Having low to run AsianPay sounds good, and I haven’t really formed my own opinions about what is said of AP as well.
I’m on neutral, and had intentions earlier to get a piece of AP’s stock when tey started offering.
Good to see you getting the facts straightened out PeterG.
I respect PeterG alot more than the said article’s point of view, but I think it’s fair to share how people look at AP as well.
Maybe heading down for a coffee with Peter in March/April at Phuket
I did put effort in checking them out yet so I can’t say anything about the legality of the company, but lets say for the sake of say it that its the real deal….
TBH, this looks like just another venting talk for a disappointed member.
“1- the absurdity of the prizes that give by your points… an incense cone that costs 10 cents of euro by each 1000 dollars that you invest.”
This is the same with all bonus systems… regardless if they come from American Express, VISA or your local shopping mall.
F.ex. AMEX gives you 1 point for every 1 euro you spend (with some restrictions I might add), and for this you can buy a iPod for 37,000 points €49(!)
“2- the pain of ‘ merchants’ that uses AsianPay.”
Can’t comment on this as I don’t know what he means.
“3- In fact they are thailander webmasters, non experts in finances.”
As stated already, they aren’t Thais.
“4- Being webmasters, the page is poor and full of links to other systems of payment and finances. Can not they pay nor its own Web completely?”
I guess he thinks about the advertisements?
Well… I guess it can be discussed if it’s appropriate or not for a company.
“5- the office in Chiang Mai gives pain. It is in an outlying area. The monitors not even are TFT. That office costs 500 euros per month (including the wage of ALL the employees).”
First, does it matter if they use TFT or CRT monitors?
I don’t know if the facts I looked at is entirely up-to-date, but you’ll get the idea.
To start a company in Thailand, with everything around it (accountants, offices, registrations, telephones etc) expect around $20,000. For every foreigner you want to hire the company needs to have $60,000 in registered capital or payed $145,000 in taxes.
For each employee with a university degree you will have to expect to pay at minimum $300 monthly (I would even go so far to say $450). This excludes any bonuses such as retirement funds, health insurances etc.
Just my 2 cents.
I do not like to speak which I do not know. I am sorry to be so critical, but I see this case very clear and to make matters worse in a country that I know myself well.
Jude, what do you mean in your words above? Do you mean you are neutral? or critical? Please clarify. Are you a verified member of AP? If not why dont you mind your own business? Btw, your blogs full of scam sites.
marius,
This is a blog and this was put up to let other AsianPay investors know what is being said. This can easily be discredited.
Where do you see the scam sites being listed here? LOL!
Do you mean in the posts? Dude… those are for news and discussions.
Hello everyone,
This is the most incredible post I have even saw.
Who is this person? Jude I had the chance to make a very honest interview with you, I was looking to meet you in Singapore, but you were busy, and so we had only the opportunity to speak in a few telephone calls and by email, and I had a great impression about you and your honesty, but…..I can not agree with being neutral if this means to allow such amount of BS to be published.
And here are the facts:
Actual exchange THB > $ = 35.70
Make you own calculations:
Chiangmai Office:
Rent: THB 20,000 Monthly (Quite high in Thailand for Chiangmai Outside Downtown Area). But we have fully renovated the offices at our expanses to make them confortable and suitable to our need and the renovation done in May 2006 costed us THB 500,000.
The office is not in an outlying area but in the most populated ChiangMai area a part downtown and in the most visited area for the Thailand Export Business. Is there because the office also take care of our other Companies under Chiangmai Solutions Umbrella including InThai trading an export company that has it’s Export warehouse approx 5 KM from our office. (rent of warehouse: THB 20,000). We have not a retail business for AsianPay so what’s matter where the office is? It is logistically perfect to allow me to follow up also on my older Businesses.
Of course we have contracts to proof the rent.
All our Companies are truly registered not only with the basic registration but own also e-commerce licence from the Ministry of Commerce. Thailand could be considered as you like but is not an offshore Country. WE ARE NOT REGISTERED IN BELIZE IS THIS CLEAR?
We are working in respect of a revenue Code that is very similar to the most adopted International English Code. We are registered fro V.A.T and we pay it every month. We present yearly Financial Satement for any Company and we pay taxes.
There are foreigners working there holding regular work permits and paying THB 3,350 in salary tax every month as per the Thailand Law having to receive a minimum salary of THB 50,000 by law to be allowed to work in The Company.
To open and substain a Thailand Company being a foreigner is not exactly that easy like the person posting here seems to believe.
To obtain work permit and one year permission of stay you have to go through hard burocracy and basically one of the most important documents is your school degree required to proof your background to do the job.
In Chiangmai Office we have 18 Thai Staff working daily. In Bangkok office we have 3 Thai Staff working daily
Last month rent (January 2007) for the Bangkok Office rented in one the most important serviced offices facility in Thailand from ServCorp, one of the most well known worlwide Serviced Offices providers, was THB 57,000.
ChiangMai office salaries amount to an average between THB 450,000 and THB 500,000 monthly ( this depends on the overtime we have to pay to the staff accordingly to the different daily situations) including 2 foreigner directors salaries. Thai staff are not young university students that you can lower pay, but professional staff with years of experience in their sectors.
8 people of Chiangmai staff are exclusively dedicated to the Customer Support and they shift on 2 different turns, one from 6.00 AM to 03.00 PM and the other from 03.00 PM to Midnight.
Bangkok offices salaries amount to THB 50,000 for 3 staff that works standard working hours Monday to Friday.
Our Company has been scanned from Visa, MasterCard and AMEX and from 2 Thailand banks and has been certified PCI ( Payment Card Industry ) compliance. To do that all our Computers have been scanned, IP addresses, Servers and whatevere else from ScanAlert one of the most known authorized certification providers. We process Visa and MasterCard through a primary Thailand Bank (see below) and AMEX directly with American Express Thailand.
Our servers (7 servers all on Dual Xeon with 4 CPU each one and 2 GB ram) cost to us nearly US$ 2,000 monthly including Firewalls and other protections as requested from Credit Cards Industry.
Asianpay Co. Ltd, after receiving the certification from ScanAlert has been licensed as Merchants Aggregator and has deposited high cash guarantee with Thailand Kasikorn Bank ( first bank in Thailand) to obtain the merchant account that allow us to process and clear Credit Cards Transactions for Visa and MasterCard.
When in October 2005 we started our partner program offer and we built the initial paid up capital all the money deposited from the shareholders were directly deposited to The Company Bank Account and these deposits were verified from The Bank of Thailand to allow us to register the paid up capital. The same process was followed in July 2006 when the Special meeting of the Shareholders resolved the Capital Increase
Actually the FULLY PAID and not only registered capital of Asianpay Co. Ltd amount to THB 6,600,000.
ThayEpay Capital, our primary competitor in Thailand in the Payment GATEWAY Business, amount to THB 5,000,000.
Singapore Company: In Singapore, like in Thailand you can not register a capital on papers but the money should be deposited and proof of deposit has to be given to the regulatory Authority (ACRA) to be allowed to register the fully paid capital and to issue the Certificate of Shares. The fully paid capital of AsianPay (SINGAPORE) Pte. Ltd. AMOUNT TO S$ 215,000 AT THE PRESENT TIME AND A CAPITAL INCREASE TO S$ 300,000 has been already programmed. AsianPay Co. Ltd. quota in the subsidiary Company amount to S$ 165,000 that have been fully paid after being authorized to transfer the money from the bank of Thailand accordingly to Thailand and International anti money laundering rules.
In Singapore offices we have one director always present, the second one is me, and 2 staffs. offices are in Raffles, in Prudential Tower down the hearth of Singapore Business area.
Total salaries paid in Singapore amount now at approx S$ 13,000.
Rent in Singapore amounts to approx S$ 2,200 monthly depending of the extra services we use from The Executive Centre that is the serviced Offices provider we rented the offices from.
I end here this long picture of our out of pocket investments to build the Company and of our monthly expenses. Hopefully someone now will realize how things are different from what is substained in the post you copied here Jude.
I’m really offended from this post also considering that I have dedicated the last 10 years of my life in building honest businesses in Thailand, I have passed criminal check records, credit checks records and in the last 4 years I have worked almost 18 hours a day to the AsianPay Project. The lack of respect for me, my Company, my collegues, my staff my own business is so high in the above post that I believe does not need any further comment.
I hope you will think about and you will review your “Neutral” position.
What is written there is misleading, fake, empty of any real fact, slandering and probably posted by purpose to damage our image.
I have already informed our lawyer office that is evaluating the best action to be taken.
I hope you would like to take care of this autonomously avoiding further speculations on this.
Thank you
Carlo Sorio
President & CEO
AsianPay Co. Ltd.
AsianPay (SINGAPORE) Pte. Ltd.
I have just a small couple of things to add after reading again the post:
1. Please go to see our home page at https://asianpay.com and then mention one only link linking to other businesses a part our banner rotator that is part of our income considering that people pay us to display their banners there. All the links there are only linking to our CORE businesses.
2. I forgot to mention that accordingly to the Thailand labout law we pay every month a 5% of the salary for any of our employee Social security including the 2 foreign directors because this what is established by law.
Kind regards
Carlo Sorio
President & CEO
AsianPay Co. Ltd.
AsianPay (SINGAPORE) Pte. Ltd.
Mr. Sorio, Dont waste your time with these bloggers. They are not real. Just as other bloggers want to destroy Tri-star media sites but failed. They are jude’s friends . Jude is a critic to AP from the beginning he cant just make it straight. I would be glad if he focus his ability to let Andy of TFT (which he promoted for months) to refund his members then he(Jude ) will become our hero. Btw, Im earning more than $1000 everyday in Coastin88, Cepcoast and CEP
The facts and transparency that Mr Carlo Sorio provided to the the public showed the sincerity, integrity and honesty displayed by Asianpay. It is not yet a public company but when it achieved Public status in 4 years, I am sure Asianpay would stand very tall and proud amongst shareholders and the public for its transparency practices.
The post is concocted with malicious attempt to damage and slander the good image, practice and reputation of Asianpay group of businesses.
Any intelligent reader of that malicious post would understand its inaccuracies and would quickly discount the post of its childish contents.
I believe the person who posted would have to answer legally to his irresponsibility in the near future, if an apology does not come forth in good time.
Should everyone realize the intent of the blog isn’t to maul AP, but to bring up that someone is bringing up contents of such to the public which is instead being misinterpreted instead, it’s fine by me.
The line states clearly below that the readers will be judge on themselves base on the article stated, though the article was posted, but wasn’t originated from me. I was glad the rest of you guys came here and commented, but some response wasn’t really what I expected.
For goodness sake, if I was a critic of AP, I wouldn’t offer to even meet Carlo and will bash AP from the start to the very end and wouldn’t even offer to publish an interview with him, so make your facts clear before you leave any spiteful remarks.
I DO have the intent of purchasing AP stocks but missed the deadline as I have funds tied somewhere else. I still have the conversation with Carlo via email.
There’s nothing you can do about it Danny seriously even it was published by me.
Sometimes sources of information turn out to be corrupt. It is not always easy to discern this within a short span of time. For this very reason publishers need readers, and readers need publishers.
Jude, I appreciate you publishing the news from your source. I decided to ring a bell to have the facts sorted out. Following my comment, many useful facts were presented by PeterG and Carlo Sorio.
In my opinion, this is exactly what a blog is meant for.
Appreciate your input Agent725.
Same story every time, where ever you look… people complain and bitch first, then think instead of the way around. Sadly enough, this seems defacto in HYIP arena.
Many people enjoy reading your blog so keep up the good work Jude… but wouldn’t hurt to take 5 minutes to see if there’s any substance in what people say.
Just a quick comment for the latest closed update… correct me if I’m wrong, but the lawsuit talk was not directed to you Jude, but towards the person behind the statement above.
Absolutely correct whizzer…
It seems like Jude forgot the most elementary rules of an editor committed to an ethical practice: just read what you are publishing before to publish it.
Agent 725: sources have to be verified…. ifit is true that a blog exist to allow people to comment, this does not mean that you have to allow anyone to write any BS just to find the way to fire up a discussion.
Unless this blog is not a serious blog but just like some miserable Gossip dedicated tabloid that publish any rubbish just to fulfill pages.
If someone was interested in knowing our financial statement and expenses, these are public documents like in any Country in the world and are available from the Thailand Department of Business development web site.
Moreover just for the files we have updated branded computers all Acer and HP Pavillon with all licensed softwares and all LCD monitors. This person should have visited another place in another world.
whizzer: I’m in actual fact, a supporter of AP, but I might not be now looking at how Carlo is reacting to this entry. Erm, Carlo actually sent an email to me stating it’ll be directed to me instead. lol.
Carlo: Do what you will to make yourself and your board of directors happy.
I think the most important thing to keep in mind when publishing anything is to remember that what you are publishing is opinion, and you need to say so. Anything less and you are skating on the edge of what might provoke a legal response.
Anyone is entitled to an opinion. But presenting the opinion as fact is wrong. The person who wrote the piece above is doing that, and I confess that I am disappointed to see it republished here, regardless of my own opinions.
kyte: i don’t see there’s anything wrong to present an opinion to discuss about it, but please, do correct me if I am.
I’ll correct you Jude.
What you have published here is not an opinion.
They are statements, presented as real facts.
You say that you do not understand my reaction! I believe you understand it perfectly but you just do not want to get it.
Missing the honesty to say “Sorry, I was wrong…”
This is terrible like the above post.
A Blogger is a Journalist in nature. They have a right to quote sources for their information. As well as keep sources confidential at the same time.
Jude’s Blog brings forth information for you to think over. He gives you information that sometimes saves your money! His blog is one of the most informative blogs out there!
Isn’t what this Blog is about is to bring forth thought, reasoning, and trading of ideas?
Just a Thought!
I also think everyone that thinks Jude is Wrong needs to look here http://www.eff.org/
So Curt,
what you are saying is that everyone HAS THE RIGHTS TO disseminate or transmit any material that, to a reasonable person may be defamatory, harassing, grossly offensive, vulgar, threatening or malicious.
That’s interesting!
Carlo: This ARE all opinions by someone else. Should it not be, or even be treated as statements, I’m opening it to seek opinions from my readers. There’s nothing wrong about it. I’m sorry, but correcting me would be really wrong at this juncture. I’d rather hear from others than anything coming from you now.
I’m not going to defend anything further and would ask you to consult your legal services with regards to this matter if you wish to bring this to a law suit or even reporting to my hosting service.
Hi,
Agree with Curt. I personally think Jude is doing a right thing by presenting both good (e.g. an interview with Carlo) and bad (e.g. what started this discussion) info or updates on certain issues / programmes. (being unbiased, neutral, etc)
I realised that because of this posting by Jude, I have gained greater confidence in Asianpay, seeing how Carlo defended Asianpay by quoting further facts and figures about his company. Perhaps more of such facts and figures and certain non-sensitive documents can be published on Asianpay’s website.
Carlo, I think your idea of letting the public check out Asianpay’s audited financial statements is great. That’s an example of what i mean by “assurance to investors” in my first posting to this discussion. Financial statements, particularly audited ones, are perhaps the most widely used channel for the public to have an understanding of a company before investing in it.
For Asianpay to go listed, there is much work to be done. Accounts for a few years before the listing period has to be done up to paint an accurate picture of the financial situation of the Company. This is to provide the basis to perform financial modeling to provide a good valuation of the company in general. Moreover, the business and revenue generation model of the wannabe listed company has to be fine tuned to be more robust and sustainable.
Carlo, if you have great vision for Asianpay, I think it pays to have a dedicated person in charge of the PR matters for the company. Listed companies often have spokespersons (skilled in communication tactics) to react immediately to negative news about their companies or amplify any positive news, as any rumours can lead to fluctuations in share prices.
Coming back to Jude, I seriously think the people who posted here are directing their anger at the original writer of what you posted and not targeting at you. This blog is just like any mass media. What most companies do when they detect something negative on any mass media, is not to take down the media, but to immediately fire fight and do damage control by issuing diplomatically and political correctly worded press statements.
I think about it like this.
1) The main post here is so ridiculous, it’s laughable.
The only people who would take the main post here seriously are the same pea-brains that attack Carlos and the company at Golden Talk. They agree to a TOS they don’t even read for crying out loud.
2) The above post had the effect of bringing the CEO here to clarify things.
For future DD this thread will go along way to make sure people do get the facts.
I’d say the blog did it’s job quite nicely.
Renba: Thank you for your input, glad you can see the neutral position that I am taking.
I’ll seriously consider editing the post to set the tone straight as to seek opinions from the rest of our readers if what I did was not tactful enough. If the particular company is defending themself, I’d definitely be glad to open up, listen and even edit the post to set things the right way. But threats came first.
On the source, I’ll definitely scoop up more and have it shared with the rest of our readers as well.
But the reactions to the entry simply irks me.
NelsonN: This is not the first time Carlo has done it. Though we had it mended, I think Carlo has 101% gotten my intent wrong this time.
Nelson: I agree the Blog did do it’s job!
Jude: Keep up the Good Work!
Carlo: “Don’t kill the messenger!” (Meant as a Cliche, or Metaphor, not Literal) LOL Present your information and your Company will be cleared, simple, and maybe even stronger!
I also agree that Jude’s blog did it’s job .. what Agent725 and Curt said are also true…
Many bloggers have learned to put in disclaimers or to simply state “These are my opinions only unless stated otherwise.” …
As Curt also pointed out, there is an excellent resource at eff.org regarding these similiar issues about blogging and bloggers’ rights …
Keep up the good work Jude …
Dolphin
Carlo: Everyone Has a right to Quote Sources, whether it is damaging or defamatory, or praise. I didn’t see you get onto Jude for saying he was actually “a supporter of AP”, even though it was praise.
From what I can tell Carlo, your problem is with the source of this post that Jude Quoted. Is that Correct?
If it is I would advise you to go after the source of the statement not the messenger.
You said correctly Curt….the source of the statement!
If opinion are placed “I don’t kill the messenger” and I answer and discuss the opinions like I do in other forums.
The above are statements and not only, they are defamatory statements also placed trying to enforce them using not a direct speech but refering a not better identified Diplomatic person, just trying to give more power to the statements through the importance of the person speaking. But you really guys do not understand this?
I believe this makes the difference not only about the law, maybe I don’t care of this point, but about the messenger reaction to a very kind request of changing its “neutral” position due to the kind of statements and not opinions.
Anywa just go to read my long answer above, and tell me where I have kileld the messenger. As many have posted here the law issue was referred to the speaker not to the messenger.
I just asked to Jude, after telling him that I always had a great impression of him and his honesty to review his postion.
Do you know what he answered to me privately by email? No you do not know and you will never know because I respect the law and our private email exchanged in the last hours can not be published here without both of us authorization and I do not give this authorization.
Hi Everyone
Goodness gracious, what a situation we have here!
For the record, I am an AsianPay member and a friend of Danny Chua, one of directors who operates the Singapore branch.
By way of disclaimer, I am a Canadian lawyer with 30 plus years of experience, but I am not advising anyone here, one way or another. This is not legal advice, and is not to be as such. If Jude and Carlos want to have it out, some lawyers (not me) are going to make some money, and it could get messy.
Carlo will claim libel and slander against his good company’s name, Jude will defend on the basis of qualified privelege, or fair comment, freedom of speech and whatever and the courts can have a field day several months down the road.
Of course there will be an issues as to whether or not the publisher is responsible and liable in damages, for repeating libellous statements from an anonymous source, and whether disclosure of the identity of the anonymous source will be made or not and these are things that lawyers and courts will sort out.
If a publisher publishes something that he knows are blatant falsehoods, should he not be liable for the consequences of his actions when he knows or ought to know that doing so will adversely affect the company’s business?
It’s all well and good to stand up for the right of freedom of speech and expression and all that wonderful stuff, but it seems to me that this anonymous source of misinformation is not worthy of trust. In fact, it looks like the anonymous source has relied on information received from a third party who is even more anonymous. That can get a publisher into trouble.
One thing that I do know for sure, is that Danny Chua is an honest man, and although I do not know Carlo, I trust Danny’s good judgment on knowing the people who he works with. AsianPay is a real deal, the people involved work hard, they are smart, and they will make mistakes, but they are honest and straightforward, as far as I can tell.
If AsianPay loses money for it’s investors or shareholders, it will be for reasons that are going to be transparent. That’s just business. If they earn money for their investors and shareholders, that will make the detractors take notice and shut up.
If I were Jude, I would pay closer attention to the facts before giving anonymous sources their day on the blog. If I were Carlo, I would be visiting my lawyer to see what I can do to stop this nonsense.
Enough said
Robert: thank you for expressing your views, unfortunately, you know some things don’t really work the way you want when it comes to verifying information. Forming up forums/blog and discussing about views on how the company is running in no way violates the law. I trust Danny’s judgment and would like to seek his understanding again that this entry is in no way a mean to defame Asianpay. (What for anyway).
Carlo: You want me to show the world on our exchanges of emails? lol. I will if you think this is not another statement coming from me.
Mr. Fulton,
I appreciate your comments and your legal background.
I would also like to point out that Jude is not a Professional Journalist, and his rights are even deeper than that of a professional journalist. You also may find some enlightening information at http://www.eff.org
“Do you know what he answered to me privately by email? No you do not know and you will never know because I respect the law and our private email exchanged in the last hours can not be published here without both of us authorization and I do not give this authorization.” Carlo Sorio
Why wouldn’t you want to give permission to release this information? It is on topic and about exactly what is happening here, isn’t it?
Why wouldn’t you want the private emails you sent out as well as what Jude sent to you going public?
Hmmm…. this is exchange of comments is certainly an interesting read! I’m going to comment on the opinion vs. fact aspect. I’m a strong supporter of people having a right to their own opinions. In fact, differing opinions helps individuals form an opinion of their own.
Whether the original post was opinion or fact is unknown. Jude did his duty in this blog by passing along information that allows for differing opinions. He clearly states that the information is a copy of a public post. He also clearly states that it is not his opinion and he neither agrees nor disagrees with the original writer, by stating that each reader should judge for themselves.
I’ve copied information to this blog that turned out to be inaccurate. We write what we believe needs to be said. If it turns out to be erroneous, our dear readers correct the information and we thank them. Unfortunately, we do not have the staff of the Wall Street Journal to follow up to the nth degree all information given to us.
JMO,
Sharon
Allow me to take this analysis one step further…
I believe that we have clash between two different worlds here.
On one side, we have the HYIP world where 99.99% is scams and where every single piece of information can be seen as a potential “red flag” that the offer is going down the drain and its time to pull out. Jude made decision to report his findings to the public.
On the other side we have a uprising where a small negative comment can destroy the business for good and where there might be a need to deal with such posts with threats of lawsuit. Nothing wrong on this side of the fence either…
However, mix this two together you already know what you get.
I hope this can help resolve this peacefully for the sake of everyone.
“What is written there is misleading, fake, empty of any real fact, slandering and probably posted by purpose to damage our image.
I have already informed our lawyer office that is evaluating the best action to be taken.”
Some fellows here seem to live on another planet.
1. There is no slander in the article. The poster does not state any fake facts. He gives an opinion and thoughts
2. Even if there was a slander, direct your complains to the original author. Jude from NoBSHYIP has only quoted the original post.
With all my respect I’d suggest the dearest guys Carlo and the director’s friend Robert to watch their business and to show us their truth instead of trying to influence an independent informational service.
I must tell you that I sent this news to Jude, I thought that it could be interesting because the person that posted that information in my NoPonzi forum (in spanish language) was a wellknown person (Former Korean Delegate with good contacts).
But if you read the post it says: “I don´t think if it´s true or not”. There was not the intention to be offensive, only a post to check if that news was real or not.
But I must say now: sorry if that post has created a lot of confussion, Jude is not guilty and this is only a misunderstood. Please excuse all this confussion and sorry for the inconvenience
And Jude: excuse me too. Thanks.
Jose: It’s okay and still, thank you for sharing. Somehow or rather this turn over of events shifted my paradigm on some issues.
There’s no confusion from the start, only misunderstanding and misinterpretation.
Dear Jude,
After these series of replies from Asianpay and readers alike coupled with poster Jose’s apology, I hope you have formed opinions how serious the integrity issue is to the real businesses of Asianpay Group.
We have many sensible smart readers here who articulated wise statements with good sanity and we appreciate them indeed.
We would appreciate if you would kindly make a stand on your blog, since you are our supporter in the past, with thanks.
If you would clarify your own stand as an owner whom we respect, we can move on to spend resources to grow the company instead of trying to correct and rectify misleading messages.
To add more information about Asianpay Group:
Dear All,
Asianpay has already in place infrastructures, manpower and connections for its development into a world-class company to compete in the financial services both online and offline in 3 cities at present.
Beside being one of the lowest fee exchanger for egold and ebullion, we also provide merchant payment processing using credit cards, ecurrrenies transfers, bank wire, internet banking and even ATM deposits locally. Debit cards from Cardoneplus, Canada, are also on the way to be delivered in our offices for our members to use. We have in excess of 20,000 members whom we carefully grow as we are the safest online paycessor that insist strictly on Know-Your-Customer policy where every client and merchant need to be either verified or certfied ( to use credit card) by us. This provides a safe environment where the client and the merchants are well protected. No charge back and fraud has happened in Asianpay, unlike others, whom many of our clients have experienced elsewhere.
With physical offices in various countries, they allow us to expand our network more into the various market segments as we provide local banks check clearance and withdrawals as well as ATM facilites, with lower fees for local users. We have plans to operate Cash remittances services with retail operations in local countries, eg Western Union, when we have acquired the necessary licences and approval. Hong Kong, our possible 4th office would be our gateway to the biggest market globally - China.
The potential and growth opportunities of Asianpay Group of business are immense and we invite serious investors, to work closely with us, not just as IC investors, which is only a Loan Business, but as possibly, capable shareholders of our companies. Please refer to our Partner Program in our Asianpay.com for more details and then direct your questions to us directly.
Thank you.
Danny, I have kept in tab with all Asianpay annoucements and with all the decisions that Carlo and your board of directors has made on the Investor’s Corner issues.
In fact, I have been keeping tab with how Asianpay is growing in my own means with traffic tools (though it might not be really important as it’s part of my own due diligence) and I’d like to tell you, I was impressed with Carlo to come out of the closet to answer my interview questions months back.
The blog entry is entered not to be spiteful of the exchanger, but to warn and to let everyone know, such critics does exist. There’s no point in hiding critics and not sharing.
If it’s not true, the story will unfold itself like what is happening right now, and we’ll learn more about Asianpay. It’s a double edge sword so to speak and if at all the statements coming from the anonymous is true, then it’s something that readers could have taken caution against.
Asianpay isn’t the first payment processor, there are tons around. There’s anti-groups formed against Intgold (www.intgoldsucks.com), Paypal and even lots more, but nothing can be done with the jurisdiction system, why? People are allowed to form their own opinions and share.
To tackle this issue tactfully would have put Asianpay in very good shoes, Carlo should have just ended with all the statistics in how/ what Asianpay is doing and people have their own eyes to see. I’d even applaud at what he has done if he has just stopped there.
There’s more things to learn than to be spiteful and hot headed in 10 seconds after reading an article which was suppose to open for floor discussion than screwing up Asianpay’s reputation.
I’m not that sort nor do I need that kind of attention. There’s no hidden agenda, and there never will be.
Danny,
Actually Jose didn’t post the information, it was posted on his forum, as I read his post shown below, which he shared with Jude.
“I must tell you that I sent this news to Jude, I thought that it could be interesting because the person that posted that information in my NoPonzi forum (in spanish language) was a wellknown person (Former Korean Delegate with good contacts).”
Hi
I have few words to say…
I’m the one that is replying to the many tickets that in the last few days are coming in AsianPay offices.
Just for the files:
(1) There are hundreds of thicket already and ALL OF THEM are just asking clarification and further explanation.
(2) ALL OF THEM has been considered and ALL OF THEM got a clear answer.
(3) NO ONE OF THEM it is complaining for the decision that the Board has taken.
(4) The only complain are coming from TOTALLY FAKE NONSENSE POST like this one or some others in other forum posted by people that is not even an AsianPay’s member.
Regarding our situation I’m ready to FORWARD pictures of our offices, and believe me you will be surprised.
This is the link http://www.theinvestorscorner.com/downloads/History.zip
from where you can download the complete History of the profit of every member.
No fake nonsense post but let NUMBERS speak for us.
Because the real members know what we have done in 1 year of hard job they have nothing to say but ‘thank you’.
By the way…. I’m writing on a TFT screen and I love the TFT screen.
I’m also one of the directors and… believe it or not I was the LAST one to get a TFT because first come our staff and our professional programmers!
See, this is the kind of response that I’m looking at! Not those that “oh pull this down or i’ll shoot” kind of nonsense.
Thanks for your input Corrado.
Um, i am a member but not have funded in the investors corner,,,, being an outsider would it be fair of me too conclude that on balance this is not a ponzi scheme and it a legit business with an evolving business plan??
Yes.
But just because its a legit business doesn’t mean by any means that it will survive. You should still do your own due diligence and verify if you think their business plan and strategy are viable or not. Some think it is, but the main question remains… is it for you?
Dear wiztek,
Asianpay Group of businesses is a legitmate audited licensed business spanning 3 cities with almost 30 staffs, whose several core businesses.
Please read CEO Carlo Sorio for the details above.
We have clients and investors visiting our offices in Singapore, Bangkok and Chiangmai every now and then. Investorscorner is only a segment of Asianpay. Our focus now is the http://thailandgoldexchange.com and our new http://asianpay.biz Credit Card Gateway businesses to global merchants.
Heavy promotional campaigns would begin to promote our Credit Card gateway to many big companies and we have our own http://chiangmaihosting.com to design and host websites to guide many businesses to go into E-Commerce to sell online.
We have a Strategic Plan to Go Public and eventually seel listing in a stock exchange in 4 years. If you are a member, you can read about the details in our site.
As I said before, if we have owned Ebay or Microsoft shares few years before they go public and got listed, you would certainly be Financially Independent now. The opportunity lies here in Asianpay at present…..
Hi All
Nice to see serious discussions about Asian Pay itself
It’s all going to continue to improve.
Thank you for your attention.
Robert
I would like to add some “context” information about this issue:
The original post was published in Spanish in Jose’s forum at http://noponzi.com/phpBB1/viewtopic.php?t=768, back in November 11th. The author introduced himself as Alex, a 31 years old Spaniard geo-political expert, former Offshore Club member, and in search for potential investors for a private offshore mining project. (Let’s hope it’s not connected with the infamous Rog58!).
When I saw his post, I thought he was trying to build his on-line reputation, showing his “expertise” and contacts in the international arena, as a way to attract investor to his own project. As it was published in Spanish, in relatively small forum, and knowing for a fact that it was far from the AsianPay reality, and in that time, everything was running smoothly with The Investor Corner, I didn’t want to attract unnecessary attention to the subject, and let it go. My mistake, I should have at least pointed the issue to the AP staff. Back in that time it wouldn’t be a big issue. Now, after all the recent changes, people are more sensitive to this kind of stuff. Anyway, I think all this discussion and answers from Mr. Sorio, Mr. Corrado and Mr. Chua will serve to greatly boost people’s confidence in the business. I’m delighted with Mr. Sorio passion to defend our business, and with Mr. Corrado and Mr. Chua diplomacy to handle the situation.
That’s true Lustackk,
glad to see you here
I’m very sorry by this comment and the problems that it can cause to AsianPay Administrators, if I would know this reaction I would never have sent this news to Jude. I only wanted to know if that news was true or not, nothing more, and I think that many programs receive this doubt from all investors.
Some member in my forum wanted to create a pool with asianpay into my forum and he received this news, we were very surprised by this news. I remembered it and I sent it to Jude.
Now I see that all was fake, sorry.
I think that to be balanced in your blogging you should create a blog entry with a forum post that substantiates AsianPay. It is imbalanced to blog only one side of the story that has not been substantiated because it makes it appear heavily weighted toward it being true. Perhaps you can enter Carlo’s or Dan’s replies on the blog page. Just a thought.
Lionheart,
Dear god! What the hell for? What will that accomplish that this post and thread haven’t already done? Do you need the CEO and the company’s employees to post again?
If you haven’t learned anything about the company here you never will. I’d say quit now and leave the HYIP arena because you don’t have the brain power to be here.
God all mighty! Some people, I tell you. They just irk the hell out of me.
Jude,
AsianPay is a very real company unlike other HYIP site which takes your money and run. It has real office in Thailand. I always get my earning from the Investor Corner. Whenever I request withdrawal, it always deposit into my e-gold account within 48 hours. I always an AsianPay supporter.
hyipdaily
Somehow I do understand why Mr. Carlo is quite upset with Jude. Having been interviewed by herself and even talked on the phone a few times, Mr. Carlo in some way must have put some trust in Jude. Plus also the fact that this blog is somewhat more professional, if not closer to, than thousands of blogs out there.
Therefore, any statement made by Jude must in someway affect her blog close followers.
And having said that, the neutral stand declared by Jude somehow could mean something to others despite, I would say, a good communication and connection between her and Mr. Carlo specifically Asianpay itself. The trust and the respect that Mr. Carlo has on her may affected.
Personally, I would consider the statement made by the former diplomat is a false fact rather then his opinion and could tarnish the image of Asianpay if the truth is not revealed by Mr. Carlo himself in his reply above.
It is like telling others that Jude has Fiat Punto (for example) as her car but in truth hers is Honda Civic. This is simply a false fact rather then opinion.
And having posted a false facts in a rather well-known blog, could be misinterpreted by outsiders who know nothing about Asianpay and for those who do not read the response by Mr. Carlo.
In that sense, it would be good to publish Carlo’s reply on the homepage of the blog…somewhere prominent with a visible headline?
Hey Jude,
IMHO, to be fair, you’d be better post a new posting (not just comments) to straighten out everything. State clearly that the quote of the previous posting is completely WRONG and MISLEADING.
I’m just expressing my opinion
Regardless you’re right or wrong to keep the original posting intact, the fact is: AP is a real company with a lot of people money (and live(!)) are currently in stakes (AP’s Thais employees, shareholders, investors, natives around the office, all the stakeholders). No wonder Carlo is very upset. We have to understand this.
To be frank, most uninformed people, the very first time they read your blog, will assume that it is the truth (not everyone read the “fine print”, and the ones who read it don’t really pay attention). That’s because your blog is one of THE most respective blog in the HYIP arena. Unfortunately, the content of your posting (whether you realize it or not), implied that AP is nothing more than another HYIP swindle, which is we know by the fact that is completely WRONG. And that’s the problem.
Therefore, I think the best solution is to put all the hard feeling aside and post a new posting that stating all the facts and the facts only, and with a mild language I hope ;).
Believe me, any wars will have casualties (time, money, mind, sanity, etc.), and believe me, we will all regret it, more than we think we can afford it.
Just my two cents
xqwats, the entry has already been edited to the benefits of both our readers and Asianpay.
Asianpay isn’t a swindle and is a business entity that is running in both Singapore and Thailand, I respect that. But why should i rephrase a blog entry which meant nothing wrong? (which actually I did later)
I can’t be bothered to continue senseless arguments, there’s so much things we can do with the time with all of us arguing like children. Move on.
HI kuskus,
Just an FYI, Jude is a he, not a she.
- Sharon
Yo! Jude, is it not fair if before you published the negative post above, you have consulted AP first and asked their answer whether its true or not? and published AP’s statement together? You said you are neutral, but you have just posted one’s side which is the negative side which I know you are more interested than AP’s side.
marius, if you have just joined us in nobs, this has always been my style of writing, from the start of the blog establishment until now. so why do i have to change because of AP?
sometimes isn’t it better if AP’s side respond to negativity to prove themselves? (or maybe they aren’t interested at all in the first place since we’re in the HYIP commute where most of our programs are scams to begin with?
)
if AP is growing to be a company that’s going to be listed in the near future, more criticism will be coming to its way, and they’ll have to learn how to tackle the situations, instead of threatening with legal notices.
I’m not AP, maybe that’s only my views.
Well, maybe your style will not work with AP and other legally registered companies since they can make legal suits unlike those scam sites and half legal sites they can’t threat you legal notices for if they do they can be exposed
lol, like i say and do understand again, i do not wish to rebuke on your statement. Every supporters are like “hey, go ahead, sue Jude, he’s an ass”, I’m open to it, we’ll see.
come on Jude. You are more professional than this.
May I suggest that both sides of the AP issue has been discussed to death in this thread and that everyone just give it a rest?
Dear All,
I shall sum up the discussions here with a view to encourage all to understand Asianpay better and to support us in any ways possible in the years to come…..
Who are Asianpay’s competitors and what do Asianpay do, other than the InvestorsCorner that most of the Hyipblog members are familiar?
We have competitors in many different Businesses but basically we are looking first of all to be the first Online Payments And Money Circulation Business that offer various combined services that follow our Company’s Strategic Plan, that is pretty different from anyone of our competitors. We do not endeavour to have 100,000,000 members like PayPal as we follow a different strategy to grow carefully and steadily with loyal clients who appreciate your integrity, efficiency and excellent customer services. We would serve not only the biggest markets in Asia like China and India, but also would expand into Australia, USA and Europe with time.
Our target is to convert any of our customer into a lifetime Client, offering a range of services that will completely cover any Internet business need that our Clients would have.
We provide a more secured payment processing via our stringent verification and certification process to ensure we adhere proper Know-Your-Customer anti-AML procedures, just like normal banks do. Thus we offer protection to clients and merchants alike, from fraud and charge backs and offer unparalleled security online.
At the present time, through our Businesses, our customers can:
Register a domain name: https://www.chiangmaihosting.com
Hosts his/her web site at the lower prices on Internet with the better quality: https://www.chiangmaihosting.com
Get their web site designed with original templates, not pre-made universally COPIED templates at a fraction of the normal costs: https://www.chiangmaihosting.com
Take advantage of a skilled team of designers and programmer that can include in any web site a full E-commerce enabled system accepting Credit cards payments in minutes both from AsianPay Payments (https://asianpay.com) or AsianPay Gateway (https://www.asianpay.biz)
AsianPay payments will also offer very soon the possibilty for worldwide merchants to combine their own direct sales, with bargains offered at NO INSERTION FEES through our AsianPay Auctions, soon to be opened and that will be the first real Online Global Auction Web Site offered to all Asianpay members.
In the very near future participate in the biggest Asian Shopping Mall that was ever opened:
Asia Go Shopping (http://www.asiagoshopping.biz - this URL still not working, but will be very soon) with NO SETUP FEES, NO MONTHLY FEES and VERY LOW CREDIT CARDS TRANSACTIONS FEES
All E-Currencies Businesses & Partners can easily take advantage of the most profitable Gold Exchange Business via our
https://www.thailandgoldexchange.com
We offer low fees combined with a weekly rebate system that can earn huge amounts to recurring customers. The system has 6 level deep of referrals income, programmed to motivate our Affiliates to make income whenever any of their referrals up to 6 levels deep, transacts online. Affiliates would make a percentage of the fees that Asianpay charges for the transactions.
Moreover, we also run our own retail business for Thailand products (http://www.chiangmaisolutions.com) and our own export business for Container or LCL (less then full container loaded) orders from any
Country ( http://www.of-siam.biz ). On this Business we have a strong 7 years experience and we offer full services starting from Sourcing products, to professional packing, professional Containers loading, shipping and administrative issues.
Bottomline, we encourage all members of Asianpay to start building their network via their own referral links. As our valued Affiliates, like our investors and shareholders, you are assisting us to build Asianpay into a world-class organisation in the years to come…..
Thank you and Cheers…..
__________________
Danny Chua recommends ThailandGoldExchange,
Vice President & Director, Asianpay Singapore Pte Ltd
Hi Dan, thanks for sharing
And I thought this is a “NO BULLSHIT” HYIP Community Blog. Why do you post bullshit content???
hi sorio
we are with u
barking dogs do not bite
u have givewn me aldredy profits as inv
and such thigs so that u guarantee our profits
like market cap and wdraw closed
which we feel makes guarantee profits.
let the get lost.we are with u allways
we help u
u help us
win 4 u win 4 us
allways remeber quality is better than quality
Hi All
I have been watching the debate unfold for a while, and it has been pretty good. There are lots of very smart people contributing, which is nice to see.
I am an Asianpay supporter, and a lawyer by training and education, and I know they AsianPay management peope are straight up, honest operators.
They are allowed to make mistakes, it is inevitable when you are in business. That’s the risk. So far, so good. Nobody has been robbed.
It is not likely to occur. The business concept is hugely international, the service is required, and the market is immense here. Maybe Paypal or Ebay will want to buy them out. Time will tell. In the mean-time, the business just grows. Trust will be earned. Service will be delivered.
Check out everything about AsianPay, watch them closely.
That’s my legal advice for the day.
Robert
Im a member In AsianPay since last year and I considered it’s a good opportunity after take part of much of petergs verbal expressions about AsianPay
I have followed the discussion here and I think judes intention was good and about caring for the readers … there is so many strange things going on out there. Thanks jude and everyone in here for caring for our investments and the wish of the best for us. Jude is respected by many people in the online industry and his blog have many readers.
Information is always to be pondered: where does it come from and in whoms interests… not always easy to do.
Mistakes and misunderstandings appear sometimes on the way - in what ever of human area - but how the solution is made up for tells about the people behind, and it give a pic on what kind of people we have to deal with and also some to learn from each perspective.
This posts have from my point of view give Asian pay a forum for clarifications and discussion and its done from the people represents AsianPay in such a excellent manner - my interest for AsianPay have indeed grown and Im after this conversations here even more confident with the business, made available to us all. Thanks to AsianPay for the ability to reach such a good solutions.
What lies behind us and what lies before us are tiny matters compared to what lies within us. — Ralph Waldo Emerson
Hi Proceed,
Well said! It doesn’t matter whether I agree with you on AsianPay or not, just that your comment spoke volumes. Thanks!
JMO,
Sharon
Hi,
I found this blog by mistake. I`m certified merchant of Asianpay and found them very good. Company I bought shopping cart from wanted to charge me US$350 for Asianpay payment system integration job!. Why? Because they want to make more money, though I paid for cart. They have big players in it like PayPal, WorldPay, 2Checkout etc, but I don`t care, I wanted good gateway processor and with affordable fees for new starter.
First of all Carlo promised to make code for free and I was allowed to give away and to share with other members who owns the same cart as well as with their Team what I did with pleasure.
He told me: “Adam if you give me an access today (Tuesday late evening, 2h time different Japan - Thailand) then everything will be ready by Friday.” I gave him full access next day morning and…it was still ready by Friday. Thank You Carlo.
Carlo also promised to make my shop work with cart within 2-3 days but I had to give him full access to my server and shop admin area to make a MOD. The cart`s team I use do not share their code so it is not possible to make unless you purchase their cart or TRUST someone like Carlo who is willing to do a job for you. There is no restriction on doing such thing, just your own risk and cart`s team don`t care. After I spoke with Carlo over the phone and exchanged many emails within couple of minutes or hours (very fast responses) I decided to give him a try, I started to trust him and Carlo got full access to my server and shop admin area and he did his job in timely manner
Furthermore, When I did my first test with cart I was surprised I wasn`t charged. I asked Carlo why is that and he said:” Adam we won`t charge your credit card, because we know you are testing system and still build your shop, we will do this when you tell us to do, it means from ….day please start charge purchases”. I was very, very pleased because of this. I really did not think I wouldn`t be charged.
I hope it helps others. I`m not paid by Asianpay, it is not promotion, but this is reality.
Be very careful. AsianPay is fraudulent. They will gain your trust by giving you good deals, and then when you make a larger transaction they will just keep your money. Carlo Sorio who is the owner of AsianPay is now under investigation for fraud. I lost $1,200. I know others who have lost $20,000.
For more information, go to this website
http://kanitamo.com/carlossorioasianpaychiangmaihostingstoleourmoney.html
Thank You Brandon,
I will take a look and take into consideration what you wrote here.
By the way, I use another merchant in my own country which is big and regulated properly in EU. So far no problems with payment.
I am owed over $2000 USD from Asian Pay which is several weeks late. Each time I contact them they feed me a new excuse why they haven’t paid. Now they no longer answer emails and telephone calls so I have no idea if they’re still in business.
Yesterday I made a local police report and faxed it to them in Chiang Mai and I will travel to Chiang Mai this weekend to make an official police report.
Please be very careful of dealing with Asian Pay.
Attention Mr Carlo SOrio,
you have assure to all you run a good business and doing job honestly , but where are you what is ur business status now? please send me actual news and send back my money which was your company blocked in investment scheme