Reglikedomain industry desk

Victim tells her story — An Epik

Victim tells her story — An Epik

She’s waiting on her payout for her retirement.

Logo for Epik domain name firm

Epik owes a lot of money to its clients. I’ve heard stories from a number of people waiting for their promised cash to arrive. They’re stressed. They’re worried they’re never going to see their money.

In a video posted to YouTube over the weekend, one stated she’s getting sick to her stomach and having trouble sleeping.

Kathleen Kalaf states she sold a domain through Epik for $100,000 on September 27 and still hasn’t received her money. She’s counting on the $91,000 proceeds (following fees) for retirement.

Kalaf also posted a review regarding Epik on TrustPilot.

Epik responded by saying that she shouldn’t leave the review regarding Epik since it’s actually regarding Masterbucks:

Hello Kathleen – Masterbucks is who you are reviewing here, not Epik. Please remove and place your review on the appropriate TrustPilot account. https://www.trustpilot.com/review/masterbucks.com You have been paid out to your Masterbucks by Epik which is where the transaction took place. Epik is not holding your funds, you were paid out. You are right now waiting on Masterbucks to process your cashout. Masterbucks is working on processing cashouts daily. Thank you.

TrustPilot review of Epik

I talked regarding this a bit on my podcast today, but to suggest that Epik paid it out by putting the money at Masterbucks strains credulity.

Note that Kalaf began her transaction following Masterbucks went “down for maintenance.” So the firm knew it didn’t have the money available to pay existing clients, but still accepted her transaction and the buyer’s cash, ostensibly to pay off other creditors and put her in the back of the line.

Also on the wire

Other reporting from the domain desk.