I get "offers" to be a paymaster now and then and swiftly decline - under what circumstances would a lawyer want to be a paymaster and what would be in it for the lawyer? Surely the amount of due dilgence the lawyer would have to perform to "know the client and parties" would not be worth the fee?

Dr. J Levy
www.brimstoneandcompany.com

J Levy,

My suggestion is to let the bank be the paymaster.

It can be done in several ways,

1) Assignment of proceeds

2) CHAPS ( UK only )

3) MT 102 ( Same as MT 103 but to multiple parties )

If it for a securities transaction, then registered traders qualify for

commissions and others get a one ime introduction fee.

For commodities, a fee payment structure / consultancy structure,

whereby the commission agents invoice monthly and is paid via

assignment of proceeds as the fee will be adjusted monthly according

to the Bill of Lading, or deliverables.

The invoicing keeps the books clean and commision agents declare their taxes.

This ensures that all is done aboveboard and it is a clean business.

Accounting and audit trails have to be transparent in the light

of todays world with big brother watching.

Will

Richard safed my ass twice, something to do with me not carrying a license for a bank instrument transaction, learned my lesson, banks are not good if you have no license, they cover their ass and leave you even more exposed, lawyers, may be but not in America and they are expensive

http://www.petroleumassociationpaymaster.com/

Maybe not, PI.

I didn't like the looks of that site one bit.

And who is "Sharon"?

Paul

Paul, I have no idea about Sharon's last name. But, I am sure you can place a call and ask her.

This may not be for you. But, I suggest anyone looking for this type of service to conduct their own due diligence before enlisting their services.

PI

No, I guess this wouldn't really be for us.

Paula and I have a senior partner with legal and accounting reps, so getting the money isn't really the problem.

Closing the deal, THAT'S the problem.

But like fools, we all keep trying anyway to find the path to success. We'll get there.

Paul

"Yes $500.00 Total Flat, sure beets the higher fees that advertised Paymaster services are charging"

http://www.petroleumassociationpaymaster.com/

Dr. Levy says you will may regret doing business with companies that mistake "beets" for "beats" or has the IRS listed under "helpful links" along with WebMD and claims to be a member of the Better Business Bureau!

In fact I suspect the origin of this website is somewhere they use a lot of beets as in borscht.

But to my knowledge, there is no Petroleum Association Organization.

And isn't "association" and "organization" two words that mean pretty much the same thing?

I have a REAL problem with this website and its people, and I plan to keep digging.

Paul

Please note: the registrant of the domain name is specified
in the "registrant" field. In most cases, GoDaddy.com, Inc.
is not the registrant of domain names listed in this database.


Registrant:
Petroleum Association Organization
5959 Las Colins Blvd
Houston, Texas 75039
United States

Registered through: GoDaddy.com, Inc. http://www.godaddy.com)
Domain Name: PETROLEUMASSOCIATIONPAYMASTER.COM
Created on: 30-Jan-09
Expires on: 30-Jan-10
Last Updated on: 30-Jan-09

Administrative Contact:
Association Organization, Petroleum members@PetroleumAssociationPaymaster.com
Petroleum Association
5959 Las Colins Blvd
Houston, Texas 75039
United States
+1.8885403835

Technical Contact:
Association Organization, Petroleum members@PetroleumAssociationPaymaster.com
5959 Las Colins Blvd
Houston, Texas 75039
United States
8885403835

Domain servers in listed order:
NS23.DOMAINCONTROL.COM
NS24.DOMAINCONTROL.COM


Registry Status: clientDeleteProhibited
Registry Status: clientRenewProhibited
Registry Status: clientTransferProhibited
Registry Status: clientUpdateProhibited

.....................................................................

http://www.free-press-release.com/news/200902/1234832645.html

Paymaster Flat Fee $ 500.00 Total Regardless of Commission check size
By Thomas Hern United States of America Contact publisher via email
Industry: Oil / Energy February 16, 2009 Paymaster attorney service only $ 500.00 total service fee no matter check amount





For_Immediate_Release:


United States of America (Press Release) February 16, 2009 -- Paymaster dept, Petroleum Association of www.PetroleumAssociationPaymaster.com offer 5 year free membership and Flat rate Paymaster sevice of only $ 500.00 total fee.

source: FPR

This is for members only.

For more information:5959 Las Colins Blvd Houston TX 75039 1-888-540-3835Keywords:


Paymaster , 500.00FlatFee

.......................................................................


http://pview.findlaw.com/view/2095581_1

ExxonMobil Chemical Company, Houston, TX.



Exxon Mobil Corporation
5959 Las Colinas Blvd

Irving, TX 75039-2298
Phone: (972) 444-1000
View other locations »
Websites associated with this firm:
http://www.exxon.mobil.com

........................................................................


Note,

Irving is 230 miles from Houston.

5959 Las Colinas Blvd.
Irving, Texas 75039

1. Exxon Corporation (972-444-11004) (972-444-1000) (800-252-1800).

2. C. Matthews--General Counsel (972-444-1000).

3. A P Swiger -- VP Exxon Mobil Corporation (972-444-1000).

4. Rex Tillerson---CEO -- Exxon Mobil (972-444-1000).


Petroleum Association Organization is not a registered Texas Corporation.

Guys,

Note the phone number.


Administrative Contact:
Association Organization, Petroleum members@PetroleumAssociationPaymaster.com
Petroleum Association
5959 Las Colins Blvd
Houston, Texas 75039
United States
+1.8885403835


Search Results(888) 540-3835 / 8885403835
Report a phone call from 1-888-540-3835: Your Name or Nickname. Your name or alias as you would like it to appear in the title of your post. Call Details ...
800notes.com/Phone.aspx/1-888-540-3835 - 15k - Cached - Similar pages

We called and the number listed on Will's report belong to Gary Bowen.

Who is Gary Bowen?