Topic: all finished - page 8. (Read 44926 times)

There's Waldo, still stickin' it to you guys.

After reading the representation contract from the lawyer, there's no doubt whatsoever the lawyer will want more money to cover costs. That's what the initial $1000 payment is for and there will be more payments required, make no mistake. Oh, and "reasonable and customary" in the area for things like copies of documents will be at $1 PER PAGE. I did attorney time / client expense billing as a service for three and a half years and have seen thousands of examples where these guys (attorneys) treat their copy machine as a profit center. So if the group goes for representation by this attorney, or any attorney for that matter, expect to be billed for tens of thousands of dollars in additional costs, which if not paid promptly, will result in the attorney withdrawing from the case and leaving you in the lurch with nothing and seeking additional legal representation. You think you've got a big mess now? Wait until something like that happens.

Oh and isn't Waldo just being so generous, to buy btc with the returned USD from HF, then subtract his 3% FIRST and forward the pittance of a remainder on to you guys. So he takes in 600 btc, keeps 200 btc, is trying to get back 400 btc or a portion of the dollar value of that because he, "in his best judgment" made the refund demand early, on his own, without consulting the group, which wouldn't have mattered anyway. So now, after getting 200 btc in his pockets from you guys, he's just so nice to offer to subtract an ADDITIONAL 3% from anything that may come from HF in a refund paid in dollars.

The only person making money in this deal is waldohoover. That should be obvious to everyone.

The voice of reason, correctness and experience so far that I've seen in this thread is from itod. Just about everyone else are waldo worshippers, to their peril.

I kinda lost track of all the numbers, and I guess too overwhelmed to calculate them . can somebody tell me how much $ per share we get back (just approx.) in case of dollar refund and in case of lawyer (assuming just the 40% fee). We gave up on HF actually delivering with some extra GH for compensation?

We are never gonna "collectively" be able to gather funds. As you can see the discussion going on here is a joke. We have guys saying we should sue you. The other half just want a USD refund.
You left us with only one option ie getting a paritaly refund.
That's really lame of you.
You never answered my question BTW.
How come you can't pay the 1k in advance? You will be able to deduct it later it's not like we are stealing cash from you.




Get real man we are never gonna be able to sue him. People get away with scamming on this forum everyday. How come no one sues these scammers?

No one is trying to sue waldo. You wouldnt have a problem with any of his group buys if hashfast would have delivered. Theres literally nothing that waldo can do about that. He has communication issues, but hes never tried to screw any of us. The issue at hand is USD or lawyer up.

let's get USD refund, I'll tired with all this shit, there is no guarantee that lawyer in future does not want additional deposit in 5000$ or 10000$

I disagree that's our only option, our most fair and rational option is to bring you, Waldohoover, to court through class action, collective lawsuit - us against you. You've collected the payments from us, and we are trying to deal with third party instead of dealing with you. This is more the case since you are offering to return only the part of the payments (400 BTC) you've routed to third party, and not willing to return 200 BTC in your possession.

Instead of taking the big risk of trying to win against HashFast and get 60% of the 400 BTC = 240 BTC, we could aim for your never-earned 200 BTC and win 100% in the court, they are sitting duck, there's no court on this world which would rule that you don't have to return that to us.

Of course we should go for the complete sum Waldo received from us - 600 BTC, and let the court decide if Waldo has to refund us all from his wallet or we have to wait for part of the remaining 400 BTC for him to recover from HashFast.

Remember people, Waldo took close to 400.000 US$ from us, and is aiming not to return 1/3 of it based on no grounds, no court in the US will treat that favoring him. I believe he broke a few regulations along the way, but that's for our lawyer to present to court.

I've copied the current content of the opening post in case Waldo tries to delete the tracks:
http://pastebin.com/3sPftjbD

Even if not everybody who is burned by this is willing to sue Waldo, we can always organize partially and leave those who are willing to receive single-digit-percentage charity from Waldo. At this point we need one US-resident group buyer to ask around for a lawyer to protect our interest, this has to be done in the US by the US laws.

Okay I think we should take a few days to think about this and make the best decision for all, as the lawyers fee and payment clauses are very much in their favour.
Can we get as much info as possible on this lawyer, who are they, what is their track record, how much do they know about the crypto world, or have experience.
If they are able to request any fees & expenses, then why do we need the $1000 USD, and is this only a 1x payment? 
Also it isn't great terms that there is no retrial and appeal favour so if we loose, we still need to pony up and we WONT get our refund from HF.
i.e. we will run the risk of costing ourselves more than just the $1000.

As we are looking at a financial reimbursement, can we get an idea of what kind of USD refund we would get with

Per share refund value:
if Lawyer wins case with 40% fee
if Lawyer wins case with 25% fee (can we haggle?)
If HF return us USD value of order and we rebuy BTC now (say from Bitstamp or BTC-e)
If HF actually deliver we mine and get BTC (seems extremely unlikely by now)

k, and if we do this how is your plan to arrange it? Get refund, you take your 3% (of course all you want is the Money).  What exchange will you convert $ to btc for us and at what rate? probably again one which u will make money on.

What happens to the to claimed over payment funds made and hence profit to you. Can you prove this was not profit or will you pay back those BTC?

I am so over group buys for pre-orders, all you guys look for is a way to make money.....

phil

Actually yes, look at item 8. There Is a clause in there which allows the lawyer to claim all his expenses first. As expected. So who is responsible for this if Waldo, signs (and he needs to sign) and they come back asking for $100k. I'm sure he will expect the shareholders to pay for this, + his 3% expenses.


Also note 9. The deposit will not be cashed until the end of the case. So why Waldo you do you need our Money. You are group buyer take the risk.  So if we pay you the $1k, where is it going to stay? In your bank collecting interest.

Phil

If I read that right, the lawyer can keep coming back for more deposits without limit. I'm not sure this is a good idea. Contingency isn't this.

On the plus side, it looks like the lawyers is taking only 40% above the initial USD payment. That's interesting.

Still question the deposit requests.

Also u have a single lawyer here. Can I see that proof that this is the best lawyer and costs from at least 2 others, before any decision is made.

Edit here, have you read the first condition? It requires at customers of 30 units or they don't have to accept. So does this mean that the $1000 is split also between those 30 units, or are they expecting each unit to pay $1000.

Again leave this mess and just cash out.

Phil

I will not as I say put any more money into this money pit, so I guess lets go for refund. The main issue here is that your not going to collect all funds from everyone, which means others will need to pay more. This will not happen. Then if people pay more, how do u agree they get their money back first, as I will not agree to that change of terms.

Just get refund and close this mess.

agreed, we should wait and see... (what option do we have?) 

i hope waldo's had a good break and can give us some clarity on the how the lawyer's going to handle the case.. 

if legal action is more effort than reward we should consider what hashfast are offering.. (is there prospect of any delivery?)  not much news on the ETA of orders

Oh yes, waldohoover has proven himself in the KNC mining operation. He's proven that those investors will more than likely never recover their invested btc.

So you're concerned waldo will just ignore you? As others have said, he ignores you for weeks on end, so why would that be anything new?

lol who is this guy? Ricky Roma?
There is no need to start throwing scam accusations just yet. Waldohoover has proven himself. He has been running a KNC mining operation for quite sometime now.
He has paying dividends for months.

Let's just wait until he gets back. All we want is to get our money back and we are not gonna get it by being hostile toward waldo.

The blame should be put on HF first and foremost.
But that doesn't mean waldo doesn't have a responsibility to help us getting a proper refund.
And for that we need a lawyer. Since HF won't pay us back.

I would like to get a few more people discussing our options. Currently it seems like there is two very VOCAL people that are really pissed.
I get that but please don't clutter the thread with worthless rants, waldo is just gonna ignore us then.

He never said that was his management fee. You haven't paid that, yet. That's coming out of your earnings or settlement.

He did charge more than he paid for the miners. So he profited. He explained what that profit was used for, though he had no requirement to explain.

Remember, he offered to do a group buy at a set price. You knew at the time there was a little profit. Then, it was very little profit, as bitcoin was worth way less then. Regardless, you agreed on the price.

I don't see where he has misled anyone. You're only angry because you have no miner. Blame HashFast.

The problem is waldohoover is a scam artist that collects 600 btc from "shareholders" and then places an order under his own name to his own address (which one of three?) for equipment, paying 400 btc and keeps the remaining 200 btc claiming it's his "management fee" (which is much more than 3%). This waldohoover then goes on to rule like a king, changing terms any time he wants and making decisions that affect the "shareholders" without their consent, then disclaims any responsibility and says "I'm doing it for you guys". Uh huh. Sure you are.

I agree that waldohoover's trust factor rating should have in red "scammer alert, do not do business with this person" or similar.

We are not the only group that decided to use a lawyer to get our money back.
The DyslexicZombei Batch 1 GB is also going this route: https://bitcointalksearch.org/topic/closedr1b-hashfast-baby-jet-upgrade-promo-dz-mc-round-1-batch-1-mahalo-296199

Seems like they are not using Ray though. But notice that DZ doesn't need 1k to continue working on his GB for free.
I think it's kinda strange how Waldo can afford to setup a datacenter at home spending thousands of dollars on equipment but can't pay for legal fees?
Like someone said: Waldo is free to deduct whatever legal fees the lawyer might ask for when the case is settled.

What's the problem man?