• Report: #1011015

Complaint Review: EuroPay Solutions

  • Submitted: Fri, February 08, 2013
  • Updated: Thu, February 11, 2016

  • Reported By: Anonymous — Angwin California United States of America
EuroPay Solutions
Internet United States of America

EuroPay Solutions David Solomon Posing as a respectable individual and scamming customers Internet

*UPDATE Employee: Response to Claims against EuroPay

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I own an independent sales company that helps merchants accept credit cards. Most of the clients I work with are clients that often have difficulties finding credit card processing companies in the US who are willing to work with them. Last year I was put in touch with David by a colleague who spoke very highly of him. During the next few months of working with David he was never actually able to place any accounts but this is not unusual in the high risk side of the credit card processing industry. During this time he portrayed himself as a Mr David M. Solomon who is currently the co-head of the Investment Banking Division at Goldman-Sachs. I questioned him on this several times and he was somewhat vague on it but never explicitly denied it. I believe the most direct comment from him was "Yes, I am David Solomon". I believe he was using his employees to confirm this lie as well as when I asked his employee Joshua Russel about it directly he stated that yes David Solomon was currently employed by Goldman-Sachs but traveled often to Cyprus for meetomgs with the banks there.

I personally never had financial dealings with the individual representing himself as David Solomon but the high risk industry is a relatively small community and have heard of several individuals including the colleague who referred me to David who lost hundreds of thousands of dollars in dealings with him. I saw that EuroPay Solutions is claiming that they do not handle money and are simply a broker. This is technically true but David told apparent lies about how much an agent would be getting in compensation for their clients doing business through him. So although David may not have been the one holding onto the money it is the lies that both he and Roger Samara (The name I was given for the individual) told the partners they work with were fraudulent and caused both the partners and their clients to lose huge sums of money. His indications to me of his identity were fraudulent and in my belief were explicitly given to use the credibility of the David Solomon he was impersonating to make his partners feel safe in their dealings with him.

I would recommend that anyone who is approached by any of these individuals stay as far away as possible. David is a smooth talker and comes across as a very genuine person but at least in every interaction I had with him he could lie through his teeth without the slightest hesitation. These are my own personal experiences but I do not want to see anyone else be scammed by this individual.

This report was posted on Ripoff Report on 02/08/2013 02:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/EuroPay-Solutions/internet/EuroPay-Solutions-David-Solomon-Posing-as-a-respectable-individual-and-scamming-customers-1011015. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 UPDATE Employee

Response to Claims against EuroPay

AUTHOR: EuroPay Solutions - (Hungary)

To any reading these posts, weve posted The Company's position in response below.

Re:  Claims against The Company of resellers being defrauded.
The Company general counsel are very diligent in working with and
resolving any disputes.  Oddly enough, NO
unresolved claims of non-payment have been made except through anonymous people
posting via an alias as with this one here.

Re:  Claims against The Company of merchants being defrauded.
Company Structure:
The Company does not hold any client funds.  Its not The Companys policy to do so, nor is The Company licensed to.  The Company connects merchants directly with banking partners of
ours, and from there, the merchant has all control of the account.  They get paid directly from the bank as The Company works merely as a reseller for the banks it works with.  Moreover, The Company is not a payment gateway.  We simply make introductions to the banks that we deal with, and from there, the banks work with and pay the merchant directly.  Without control of merchants' funds, fortunately we are not responsible for merchant payouts.

Re:  Motive/Validity to Claims against The Company.
All complaints have shown up starting the evening of February 5th, 2013.  Just prior to this, the day of
February 5th, 2013, The Company terminated three resellers and employees who were not performing for the company.  Any previously earnings these individuals had due under the company are being paid as scheduled.

Re:  Those behind the Slander against The Company.
Our lawyers in Geneva were the ones who brought it to our attention that someone was posting these
things.  They have contacted Interpol, and theyre getting IP addresses and will be subpoenaing the Internet records of those they suspect of this defamation from their local Internet service providers.

Candid Remarks from The Company.
In recent weeks, we have let go employees.  We have findings to show, after further investigations
complete, that these employees are the ones responsible for launching this campaign against us to discredit our company.  Aside from our legal investigations into these matters, wed like to say in response that, we are proud to have satisfied customers who work directly with tier one banks, we handle zero funds of any merchants, we act as the middle man for many banks, and were quite successful at what we do.

Anyone interested in inquiring into any of these matters personally with The Company, please contact us at

The Companys general counsel is the firm of...

Spiegel Sohmer

1255, rue Peel, bureau 1000
Montreal, Quebec  H3B 2T9

Any questions or claims can be addressed directly to them as well.
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