So I've noticed something about the flow of the BTC refunds that did show up, which makes me think that the funds were never in fact converted to USD.
I first paid 93.8326 BTC to 1CpZJF9jwbR3SZmk4i6HaPfp59VPpXAcP5 for my later order #1678 in this transaction:
http://blockchain.info/tx/4cff94125296a7d6e8a86e9ddc7681f2bfd203ea006e0dfa64edc3269a5e936bA couple hours later the funds get swept into 19Ysizrie7XAGcqSTzhCTsMTuUaFU1hCEa, which seems a main BTCFPGA address.
Much later, my refund paid to 1upLmz8yxpzKCDpBGyVzu1Lv6vox7PMuQ gets paid from this same 19Ysiz address.
If you look up MichaelBliss's refund request address, 1CVmb947c2kGmQcQTjJFWAxMGRmEuLnnfW, you will see that a large part of his refund also came from the 19Ysiz address.
Now here's the bad part:
Remember Tom's 500 BTC bet that bASIC would ship in March?
So - Tipsy Tom instead of processing timely refunds is placing bets on his failures:
Pathetic
http://webcache.googleusercontent.com/search?q=cache:Ah3W7i9L8GMJ:https://www.btcfpga.com/forum/index.php%3Ftopic%3D1039.0+http://betsofbitco.in/item%3Fid%3D1138&cd=4&hl=en&ct=clnk&gl=us&client=safari10-Jan 7:51 AM, 500.00 BTC move out of the 19Ysiz account:
http://blockchain.info/tx/c290b3d26e5344b0dfc7545b083cc9d28aa607237e11fa7543287841464ee4de10-Jan 12:06 PM (after some confirmations) Tom announces the 500 BTC bet made with "my Own coin"
I know this is based on some conjecture, but I think the evidence looks highly suspicious. I think it's quite likely that those 500 BTC were from customer funds, or that he had everything mixed together (inappropriately).
The statement is not yet available for betting. Maybe Dave intervened and had BoB not approve the bet and hold the funds or something. Or maybe BoB staff themselves are watching what's going on and decided to do the same.