Topic: {ANNOUNCEMENT} WBX Exchange Frozen - page 20. (Read 45349 times)

No. Everything he has posted has a logical explanation that doesn't involve fraud. Sure, I wouldn't trust him with additional funds right now, but I also don't have any reason to believe that he is trying to run with the money.

There is a "thing" I recall was introduced about five years ago.  Can't remember exactly the reference but it had name like a "section 19" order.  The lay version is:
 - you're under investigation, but not charged with a crime.
 - you can't tell any one why you're being investigates, or even that you are subject to a S19 order.
 - if you do, we can lock you up

As for the location thing - Australia is only 4 hours away and a couple of hundred dollars for a ticket.  Running claims isn't a hurdle.

Andre why are you still offering up sad pathetic lies? You know exactly where Paul is digging this up, your own emails. I'll bet you dollars to donuts or something similar that a lot of the other posters in this thread have a views and experiences very similar to Paul's on this issue.

Furthermore, I find it rather interesting that a lot of the people here who're owed money aren't physically located in Australia as that would make what Paul so eloquently says here A lot harder for them to put into effect. You're not exactly helping your own cause in anyway with your handling of this matter.

Could a moderator or admin please consider tagging Andre until this issue is resolved? As he hasn't shown any kind of interest or willingness towards resolving this matter. Furthermore he's taking more than a few liberties with the truth, which is effectively demonstrated by Chris's posting of logs I can offer similar proof of such dishonesty should it be required by admins or mods as I believe can several of the other posters in this thread.

On 28th July 2011 I was offered 5% of incoming commission fees:


I proof read for spelling, grammar, and punctuation, not content.  After having read the help page I did question the "partnering" text.  I think the following made it clear that I didn't want 5% of the business, although I didn't explicitly ask for the text to be removed from the help page.  On 2nd August 2011:


I understood that holding the site BTC was a temporary measure until Andre set up a more permanent store since Andre's home computer at the time was running Windows.  It was never brought to my attention that this was about sharing "the power of the exchange", but rather a temporary measure to prevent the bitcoins being stolen from the shared hosting.

On 15th August 2011 I brought up the subject of how it's not a good idea to leave bitcoins on a shared host:


On 22nd August 2011:


On 29th August 2011 I was asked to hold Bitcoins for the exchange temporarily:


On 9th October 2011 I tried again to suggest using a paper wallet for cold storage, but it never happened:

Because of sealed court orders, or because of your lawyer's recommendation?

For your information i did offer chris 5% and he accepted(i can back this up with IM conversation through gmail), https://www.worldbitcoinexchange.com/?page=help ABOUT US SECTION this statement has been untouched and is it original form from day one chris at no point has asked me to remove it and he also proof read it for me this is why i trusted him to handle a major part of the BTC component of the exchange which didn't give the power of the exchange to one person, he can confirm this ask him.

I take your point on trusting what i post here to be an exaggeration or untruthful, i just can't confirm anything until the investigation has completed  for me it's now a legal matter that is out of my hands now and i am restricted in what i say here.

Finally i got myself in this mess and thank you for offering to bailing me out,(I am no bank and thats exactly who got me into this mess) but id like to fix this myself it's how i work, mate i don't know where exactly you are digging this crap up!!!!!.... but please do some research before you decide to  defame my already depleted reputation.

I had to respond........it just pissed me off.

Andre

 

+ 1 and extremely so via email.

Andre I'm glad you resurfaced and answered some questions.

At this point in time I hold you personally responsible and liable for all client funds in the exchange. You no doubt have your own advice on that, however I point out that you accepted deposits and made withdrawals in your own name and from your personal bank accounts. Furthermore you knowingly traded while the company was deregistered.

You have exaggerated or been untruthful on the phone and on the site. One example is Chris is not your "Technical Lead", another is there is not a "WBX Team" behind WBX news - it's just you. Lastly you told me on at least two occasions that my AUD withdrawal had gone through. I am not the only person you said that to.

Your selective response to questions, your extended periods of silence on email and forums, and your refusal to answer phone calls further exacerbate your personal liability in this matter.

I offered you a recapitalization option which you ignored.

Yes you haven't done a runner with the remaining BTC, but you have not been open and honest with your customers and clients. Especially as many of us have a vested interest in helping you sort out the mess with your bankers. Many people can research and pressure the banks to release some of the funds. Unless that too is an exaggeration or untruth.

Even if the worst case is that you've been scammed and intend to earn the money to pay everyone back, the only way to do that is to be honest about the situation.

Do you really want the pain of a fraud investigation or a series of small claims court claims?

Was just reading some of the terms and conditions - without knowing the status or reason for the account being blocked, there are too many possibilities.  if the account was simply closed, they would have mailed a cheque.

Andre's. And sorry for not specifying that I guess it was assumed.

kim's or andre's?

i realise now that you must have meant 'for any reason other than the government'.

Were his asset frozen by the government?

so, when the doj freezes your assets, they cut you a cheque to cover it? someone should let kim dotcom know.

Not sure if that's only in the US. I know for sure that whenever Paypal closes your account they'll send you a cheque with your remaining funds 180 days later to your registered address. Even in the EU.

In the US, I believe it is a requirement for a bank to provide you your funds by cheque if your account is closed or suspended for any reason. Is this not the case here?

+1 to all quoted threads above.

As I have a large AUD stake, I think it would be unfair for BTC to be returned to 'forum members who request it' without the full picture from the bank being understood.

Also I traded quite frequently before WBX shut down, I'm happy to clarify my actions if my account was flagged as suspicious.

Given the dollars at stake, and the threats for legal action for recovery that are mentioned elsewhere in this thread, no funds should be distributed, BTC or AUD. 

I know the cost of legal work in Australia and am currently awaiting advice from my lawyers there on a similar matter.  Also, I know how the Corporations Act and other statues operate, so commend Chris on the stance taken to date.  More communication is better than none.

It is for this reason that I advised you privately not to distribute the bitcoins in any way that was related to the AUD. Due to the price fluctuation of bitcoin, waiting on the AUD is the only reasonable way to combine the remaining funds and distribute them evenly. Of course, it's not my call.

Chris,

I agree, this is worst case scenario and i would like for everyone to receive a full refund of there funds but unfortunately i cannot guarantee it at this stage, as soon as i get a clear conformation from my bank what is returned then the process of distributing assets will commence, I will keep you updated here.


Andre

Andre, the problem is that until you know how many dollars you are going to be able to get back from the banks, you don't know what the total assets of WBX are.  And so you don't know what percentage of the liabilities you will be able to repay.

I propose holding on to the BTC until the situation with the bank becomes clear.

Do you agree?