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> - Froze the business accounts of all shareholders by name search (different corporate entities, different businesses) - 5kEU > - Froze the business accounts
by throw10920 5y ago
> - Froze the business accounts of all shareholders by name search (different corporate entities, different businesses) - 5kEU
> - Froze the business accounts that the shareholders held (again, different corps, different businesses) - another 5kEU
Shareholders? Not execs, but shareholders?
If true, this is one of the worst things that I have ever seen a company do, and this should probably be the top comment.
- kweks 5y agoFor clarity, we are not a publicly held company, the EU corp is owned by two entities 50/50. The business accounts of the shareholder companies (in unrelated industries) were frozen, the personal accounts of the owners of the shareholder's companies were frozen, and any other account related (via email, name, passport, credit card, bank account, domain or corp name) were frozen. We woke up to 6 "you can no longer do business with PayPal" emails, sent over the space of 30 minutes. You can clearly see the trail: corp one, shareholders of corp one. Corps of each shareholder. Accounts with the same email domain. Accounts of permutations above.