Cashium was new generation ptc from GPTBank. It's no doubt that they will be a good ptc. But, it's not good as it is. Yesterday I can login to cashium, and they told moving to a bigger hosting. Sounds good. But, today, it is very surprisingly when I try to login again. They announced have big problem with their fund in Paypal. Their money frozened.
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Here is the announcement that can be found in their site, today November 15, 2010:
"We have a bigger problem, PayPal has frozen whole balance of Cashium and after a phone call I was told they would not give it back before 90 days. Yes, that's not fair but I could not persuade them. When I told the agent 'this means the end of our business' all she told me is 'sorry'. We have never had any suspicious activity and we have made all refunds and we have always kept enough balance for possible refunds. I can hear 'scam' exclamations, trust me I have worked for Cashium round the clock and always regarded members benefecations, at this point everything has turned into a nightmare that I can not handle. Even though I'll be called a scammer, I'm set at ease since I have strained every nerve. I'm asking members who deposited so far to open disputes. Honestly my biggest mistake was using PayPal service. What a shame, I have always been told they would be happy to use their service.
What is next?
In my opinion a new management would be beneficial for both members and me. I'll make my best to protect the investor rights."
It's seem that cashium looking for new owner now. I hope they will not turn to scam, as the admin has a good reputation.