So how can you prove that it was a scam, and not just a failed business? He is right that the difficulty shot up higher than anyone expected.
a moot point to debate… unless you just feel like arguing some more.
Topic: [ActiveMining] Official Shareholder Discussion Thread [Moderated] - page 53. (Read 629899 times)
June 17, 2014, 03:02:36 PM
a moot point to debate… unless you just feel like arguing some more.
June 17, 2014, 02:38:56 PM
So how can you prove that it was a scam, and not just a failed business? He is right that the difficulty shot up higher than anyone expected.
Well we can look at what the US Government sees it as
Quote
Secretary of State Jason Kander today halted Springfield resident Kenneth Slaughter’s Bitcoin-based investment scheme that used deceptive tactics to convince online investors to pay for the development of Bitcoin "mining" equipment. Mining is the process of solving complex math problems to gain additional Bitcoins, an unregulated digital currency.
We can then look at one of the definitions of scam
Quote
scam noun \ˈskam\
: a dishonest way to make money by deceiving people
: a dishonest way to make money by deceiving people
Looks pretty clear cut to me.
_______________________________________________________________________
MSD Info:
Shawn Hagerty
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO 65102
573-526-3901
573-526-3124 (fax)
[email protected]
Scott Johnson
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO 65102
573-751-4704
[email protected]
Missouri Securities Contact Information Page
Wood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation
888-237-0999
1100 Main Street, Suite 1800, Kansas City, Missouri 64105
1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804
June 17, 2014, 02:34:53 PM
So how can you prove that it was a scam, and not just a failed business? He is right that the difficulty shot up higher than anyone expected.
June 17, 2014, 01:37:29 PM
god damn this makes me wanna wretch:
This is very important to us. This is our moto: "If You Make Your Customers Successful, You Will Be Successful". Now that being said we have no control over the difficulty, so we are working on R & D to make our machines run faster. Now, here is our promise to our customers, if at anytime before we ship the machine to our customer and the machine will not return a positive ROI within the first year, we will at their option refund 100% of the purchase price of the machine.
June 17, 2014, 10:23:31 AM
...
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
...
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
...
It's too bad it's come to this - all could have been avoided if Ken was just more honest and upfront about what was going on. I'll likely be doing the same over the next few weeks. As we see how the MSD action starts to shape
Let's face it, Ken is a scammer who deliberately chose this path in life and we are the idiots who believed his fairy-tales of creating the world's biggest mining company, 40 million in profits in 2014 and what have you. We are his victims, the subjects that provide the revenue in his business model. Blinded by greed we gave our money to someone who can't distinguish "their" from "there", someone who lied over and over again to manipulate us.
In this sense, requesting Ken to do the honorable thing, or the notion that none of this would have happened if Ken was more honest, is merely laughable.
None of us will get any money from Ken, unless he is forced to do so.
June 17, 2014, 09:23:46 AM
This morning, I just forwarded all the emails between Ken Slaughter and myself from even before I bought shares.
It is a collection of emails which have all the promises (lies) Ken Slaughter told me.
Now, the investigators in Missouri will have them.
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
To everyone else, if you have any emails from Ken, any records of communication with him, please share it with the investigators in Missouri.
Write to [email protected] and share with him your story, date of investment, total amount of bitcoin invested, number of shares owned, the name of the company, any copies of emails or IRC or PMs with Ken, and a narrative of what you were told about the investment.
Lorenzo Money
It is a collection of emails which have all the promises (lies) Ken Slaughter told me.
Now, the investigators in Missouri will have them.
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
To everyone else, if you have any emails from Ken, any records of communication with him, please share it with the investigators in Missouri.
Write to [email protected] and share with him your story, date of investment, total amount of bitcoin invested, number of shares owned, the name of the company, any copies of emails or IRC or PMs with Ken, and a narrative of what you were told about the investment.
Lorenzo Money
It's too bad it's come to this - all could have been avoided if Ken was just more honest and upfront about what was going on. I'll likely be doing the same over the next few weeks. As we see how the MSD action starts to shape
June 17, 2014, 08:48:11 AM
This morning, I just forwarded all the emails between Ken Slaughter and myself from even before I bought shares.
It is a collection of emails which have all the promises (lies) Ken Slaughter told me.
Now, the investigators in Missouri will have them.
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
To everyone else, if you have any emails from Ken, any records of communication with him, please share it with the investigators in Missouri.
Write to [email protected] and share with him your story, date of investment, total amount of bitcoin invested, number of shares owned, the name of the company, any copies of emails or IRC or PMs with Ken, and a narrative of what you were told about the investment.
Lorenzo Money
It is a collection of emails which have all the promises (lies) Ken Slaughter told me.
Now, the investigators in Missouri will have them.
Ken, do you or your lawyer read this? Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.
To everyone else, if you have any emails from Ken, any records of communication with him, please share it with the investigators in Missouri.
Write to [email protected] and share with him your story, date of investment, total amount of bitcoin invested, number of shares owned, the name of the company, any copies of emails or IRC or PMs with Ken, and a narrative of what you were told about the investment.
Lorenzo Money
June 17, 2014, 07:54:32 AM
Unfortunately, since many of my shares were purchased from other investors via Bitfunder, I doubt I have a leg to stand on in regards to claiming any money back.
I don't believe it will matter who you purchased the shares from. It doesn't make sense for them to only say "IPO" purchasers as everyone was conned by Ken's deceitful tactics. Also I explained to Shawn that there's basically no way to verify who purchased from IPO and that Ken would likely make it extremely hard for any verification to be done. At any rate Shawn didn't EXACTLY say one way or another what would happen but he did say that the MSD is going to try to get money back for anyone that was affected by Ken.
That's a relief then, I got back to Shawn with my full purchase history and gave him a brief overview of my interactions with Ken. I also attached that zip file containing all of Ken's posts since 2010 so they have a full history of his many claims of delays and other shenanigans.
June 17, 2014, 06:22:26 AM
Unfortunately, since many of my shares were purchased from other investors via Bitfunder, I doubt I have a leg to stand on in regards to claiming any money back.
I don't believe it will matter who you purchased the shares from. It doesn't make sense for them to only say "IPO" purchasers as everyone was conned by Ken's deceitful tactics. Also I explained to Shawn that there's basically no way to verify who purchased from IPO and that Ken would likely make it extremely hard for any verification to be done. At any rate Shawn didn't EXACTLY say one way or another what would happen but he did say that the MSD is going to try to get money back for anyone that was affected by Ken.
June 17, 2014, 03:52:09 AM
So is Ken still working or is this a case of pack up the shit and wait for my lawsuits.
Ken's pretty much gone, get in touch with the MSD and hopefully we can try and salvage some of our investment funds.
June 17, 2014, 03:48:58 AM
So is Ken still working or is this a case of pack up the shit and wait for my lawsuits.
June 17, 2014, 02:12:44 AM
I just bought this shares witht he same mind as buying loto tickets, never risked serious money. I was just curious, as i.e. I didn't knew you could resource to the MSD as a foreigner. As I said, it was more of an hypotethical question.
I understand, if you do contact the MSD please let us know what they say for a foreigner.
Thanks!
Shawn got back to me with the following list of questions, so really they'e just trying to collect information about Ken for their case, with the aim of returning money to the investors:
Quote from: Shawn Hagerty
We would like to know more about your investment with Ken Slaughter and Active Mining Corporation(“AMC”).
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
Unfortunately, since many of my shares were purchased from other investors via Bitfunder, I doubt I have a leg to stand on in regards to claiming any money back.
June 16, 2014, 07:26:41 PM
...
At least he is active on Crypto Trade -
Was online there yesterday.
At least he is active on Crypto Trade -
Was online there yesterday.
Buying shares for 1/10 of the reimbursement amount?
Maybe transferring the shares of those of us still waiting?
June 16, 2014, 07:04:04 PM
Wasn't thr ipo on btc-tc
Idk why the state said it was on bitfunder....typical government employees...lulz. 1000 freakin satoshis...again.
Idk why the state said it was on bitfunder....typical government employees...lulz. 1000 freakin satoshis...again.
the original .0005 IPO was on BitFunder.
the second mess on btc-tc is here: https://bitcointalk.org/index.php?topic=252531.0;topicseen
June 16, 2014, 06:42:28 PM
Wasn't thr ipo on btc-tc
Idk why the state said it was on bitfunder....typical government employees...lulz. 1000 freakin satoshis...again.
Idk why the state said it was on bitfunder....typical government employees...lulz. 1000 freakin satoshis...again.
June 16, 2014, 04:55:15 PM
I've given Shawn Hagerty all the above informations in a phone conversation.
Seems a likable guy and for all intents and purposes, the MSD is working to get our money back… even if it ends up being a mere fraction.
Seems a likable guy and for all intents and purposes, the MSD is working to get our money back… even if it ends up being a mere fraction.
June 16, 2014, 02:07:05 PM
Well put tempestb
I'm going through my Bitfunder logs and I believe I've found what Ken has paid per share thus far in Dividends for "ActiveMining" and "AMC".
0.00005793 BTC per Share from the start of the "ActiveMining" IPO.
0.00000397 BTC per Share from the start of the "AMC" IPO
Total Per Share: 0.00006190 BTC
Edit: Sent in that filled out questionnaire to Shawn.
I'm going through my Bitfunder logs and I believe I've found what Ken has paid per share thus far in Dividends for "ActiveMining" and "AMC".
0.00005793 BTC per Share from the start of the "ActiveMining" IPO.
0.00000397 BTC per Share from the start of the "AMC" IPO
Total Per Share: 0.00006190 BTC
Edit: Sent in that filled out questionnaire to Shawn.
June 16, 2014, 01:10:58 PM
They don't have jurisdiction to do anything to you if you don't live in Missouri. They aren't a Federal agency, so even if you live in New Mexico, they can't do anything to you. They can, however, force Ken to refund you regardless of where you live because the business operates in Missouri.
It's also not illegal to invest in what you thought was a legitimate security. There is no law that I can find that says it's illegal to purchase an unregistered security. It's not even illegal to sell them but you are only allowed to sell them to accredited investors. (Folks with a high net worth. Or shares of stock pre-IPO to employees, etc.)
Generally, unless a judge blocks it, court cases brought by the State are public. Your information will become part of the public record. And that means whatever information you provide will be shared with the court and eventually with the public (If it was submitted to the court). Or in some cases it can be gained through a freedom-of-information request or other court order. So don't provide information that you don't want the world to know about you. Otherwise, I believe you'll be perfectly fine contacting the MSD. They are trying to protect you from having made a bad investment. They are not going to waste money investigating you for buying Alpaca socks with Bitcoin and not paying taxes on it.
It's also not illegal to invest in what you thought was a legitimate security. There is no law that I can find that says it's illegal to purchase an unregistered security. It's not even illegal to sell them but you are only allowed to sell them to accredited investors. (Folks with a high net worth. Or shares of stock pre-IPO to employees, etc.)
Generally, unless a judge blocks it, court cases brought by the State are public. Your information will become part of the public record. And that means whatever information you provide will be shared with the court and eventually with the public (If it was submitted to the court). Or in some cases it can be gained through a freedom-of-information request or other court order. So don't provide information that you don't want the world to know about you. Otherwise, I believe you'll be perfectly fine contacting the MSD. They are trying to protect you from having made a bad investment. They are not going to waste money investigating you for buying Alpaca socks with Bitcoin and not paying taxes on it.
June 16, 2014, 12:44:52 PM
Has anyone actively given Shawn your personal information. I know we have speculated it is not illegal to buy shares, but have we verified this?
This is the information he is asking from me:
This is the information he is asking from me:
Quote
We would like to know more about your investment with Ken Slaughter and Active Mining Corporation(“AMC”).
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
I've given Shawn my personal information including
First/Last Name
Address
Phone Number
He said he would be sending an email asking for what you just posted in the future. I guess I'll start writing it up based on your post to get a head start.
I'm assuming the
"- Are you an accredited investor" has you hung up.
I imagine this is to show that Ken was asking money from people he should not have been (non accredited investors)
I've done the same, and I am not American.
June 16, 2014, 11:55:48 AM
Has anyone actively given Shawn your personal information. I know we have speculated it is not illegal to buy shares, but have we verified this?
This is the information he is asking from me:
This is the information he is asking from me:
Quote
We would like to know more about your investment with Ken Slaughter and Active Mining Corporation(“AMC”).
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc.
I've given Shawn my personal information including
First/Last Name
Address
Phone Number
He said he would be sending an email asking for what you just posted in the future. I guess I'll start writing it up based on your post to get a head start.
I'm assuming the
"- Are you an accredited investor" has you hung up.
I imagine this is to show that Ken was asking money from people he should not have been (non accredited investors)
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