From the e-Clear UK PLC website:
About E-Clear (UK) PLC
E-Clear (UK) PLC is a leading provider of payment acquiring and processing services for large blue-chip companies worldwide. Founded in 2002, E-Clear's Head Office is located in Mayfair, London. The company handles the capture, authorisation and settlement of all major international credit and debit card payments on the Internet, by Telephone, Facsimile, E-mail, and at the Point-of-Sale, helping high-transaction volume merchants improve their turnover by reducing their risk and payment costs. (my emphasis)
They failed miserably in the case of FlyGlobeSpan it seems?!
also from the Cyprus Securities and Exchange Commission:
ANNOUNCEMENT
Cyprus Securities and Exchange Commission (the ‘Commission’) announces that on the Commission’s Board meeting on January 17 2005, has been decided, among other issues, to impose the following fines to the Members of the Board of Directors of the public company Golden Sun Leisure (CY) Ltd (the ‘company’), Mr. Lefteris Solomou, Iason Yiasoumi,
Antonis Apostolou and Digenis Solomou:
1. Mr. Lefteris Solomou, administrative fine C£25.000,
2. Mr. Iason Yiasoumi, administrative fine C£25.000,
3. Mr. Antonis Apostolou, administrative fine C£25.000,
4. Mr. Digenis Solomou, administrative fine C£25.000,
after it has come to the attention of the Commission that the company has not disclosed its financial difficulties and liquidation problems which its group of companies was facing lately.
The Commission imposed the above administrative fines to the Members of the Board of Directors of Golden Sun Leisure (CY) Ltd because they failed to take the necessary steps to inform the shareholders and/or the investors, in general, for the above mentioned problems.
To impose the fines, the Commission has taken into consideration the seriousness of the violation since the accurate information of the investors is of primary importance for the orderly functioning of the stock market.
Wednesday 2 February 2005
It
may be that the same
Mr Antonis Apostolou is now a Director of e-Clear UK PLC? (his name appears on LinkedIn as a director of e-clear, but no history on this site of any past links with Golden Sun Leisure).
According to the Companies House website e-clear UK Plc accounts are indeed overdue (due 28.09.09).
PriceWaterhouseCooper have links with e-clear and Golden Sun Leisure (as was).
and finally a quote from e-Clear:
“It goes without saying that our whole business is dependent on ensuring we provide a service that is totally reliable and responsive to customer demands. Any difficulty or delay in processing a customer payment would reflect very badly on our Clients, as well as E-Clear, and
could be very damaging to their business, potentially resulting in significant financial losses.” (my emphasis)
You said it.
KR
FOK