Topic: Bidders for US Marshalls Auction leaked by US Marshalls - page 2. (Read 4814 times)

I only went off the ones in this article apparently there are 37 more interested parties
Think it was 51 total so if you think about the deposit needed being 200,000 for this auction

There is a current escrow of 10 million two hundred thousand dollars right now and that is before the bidding even begins 

So overall, pretty bearish news.. considering the lack of interested parties and lack of variety in them (most of them already BTC related)

Thanks for the list!

Second Market -- an American online marketplace for buying and selling illiquid assets, including auction‐rate securities, bankruptcy claims, limited partnership interests, private company stock, restricted securities in public companies, structured products, and whole loans.

SecondMarket's participants include global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors.

So they are representing a bunch of interests together

Yelp --"online urban guide" and business review site. *Ok guess they need some BTC*

Little Phoenix Investment Group -  Internet-based investment club and community. So looks like a club purchase for the wealthy

BNP Paribas - I am guessing they are building up some Bitcoin capital for their buddies who want to make Bitcoin based companies and organizations
BNP Paribas has assisted Canadian corporations and institutions in their business development
http://online.wsj.com/articles/france-working-to-reduce-u-s-s-10-billion-fine-on-bnp-paribas-1402838313 (Hmm against bank bids in particular compared to other groups but I guess neutral on them)
U.S. authorities are pushing BNP Paribas to pay more than $10 billion and plead guilty to settle investigations into its alleged transactions with Sudan, Iran and other countries subject to U.S. sanctions, according to people familiar with the matter.

Bitcoin Shop - Self Explanatory reason for bidding

Matrix Asset Management -  Venture capital asset management company (For their entrepreneurs)

Dinuka Samarasinghe - Just because he can XD

Wrangeley Capital - Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law. (The lowball player)

Coinbase - Self explanatory

DRW Trading Group - For their corporate stuff by the looks of it

DigitalBTC - The digitalBTC Wallet is a proposed consumer product that facilitates both digital and real world purchases using digital currency through both a mobile and web applications.

digitalBTC is an established and profitable company providing investors exposure to multiple facets of the Bitcoin industry and other digital currencies. The company is publicly traded on the ASX after a reverse take-over of Macro Energy Ltd (ASX: MEJ). It is the first Bitcoin focused company listed on a major exchange.

Simply put they have a ticker in the Australian stock market must have missed this one
http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

WilmerHale - Law firm with offices in Boston, Wellesley, Washington DC, and London, UK, offering a broad range of business and commercial legal services. *lawyers for bitcoin anyone *

Bitcoins Reserve - We provide you with simple tasks like watching advertisements, trying new apps, completing surveys, and visiting websites, which allow you to earn Bitcoins (The most intense faucet around haha) I must have screwed up somewhere mumble...

Avarus Corporation - Can't find it seems like a Shell Corporation or Tennis product supplier lols.

Now he's buying Bitcoin of of them to make the money back

Fabrice Evangelista, quantitative arbitrage at BNP Paribas

My bank is rich... they can pay the $16 billion fine to US governement...


http://www.reuters.com/article/2014/06/06/us-bnpparibas-fines-exclusive-idUSKBN0EH0KN20140606

Idiots don't even know the difference between cc and bcc... doesn't instill confidence in their ability to wrap their heads around the bitcoin protocol. The winning bidder will probably never receive his/her coins because they'll be sent to Mt Gox or god knows where by accident.

And to our tin foil hat friends out there (because there's always at least one in every room):
So are we to believe that these people -- the federal government -- are the same people who brilliantly crafted the 9/11 attacks, involving thousands upon thousands of insiders across demolition squads, aviation, first responders, along with ordinary citizens .. without any kind of slip up or whistle-blower whatsoever? Right.

posted on another thread but I'll post it here aswell.

The most noteable to me was the WilmerHale lawyer.  if you take a look at the list of their representative clients, some interesting ones pop up (http://www.wilmerhale.com/about/representativeclients/)

some noteable ones were, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and other places of the sort.  Not trying to create rumors but I think it would be a worthwile assumption that these big companies would use their lawyers to do the bidding on the coins.  Now whether these are companies interested or not is a whole different question.   

In reply to YogoH, I'm not an expert in the law. I suppose it's down to local jurisdiction of who seizes the assets. I was just wondering if this sale was ethical. If the marshals had said they were gonna donate the proceeds to addiction/homeless charity I could see that as a more positive end than profiteering from crimes that were committed on a global scale.

They can film a cool little tutorial about paper wallets, put one coin in each one and then have a huge bonfire.

Yes, send it to a non-existing address.

Are you suggesting they should burn the bitcoins??? LOL!!!

I hope I don't need to explain how bad this is

They'll gaily burn drugs all day long, unless the CIA wants it.

As for money, it seems many a US police department make very nice profits extorting money that they've declared is drug related and keeping it.

And even then, they'd still make regular on time federal govt pension payouts while you're locked away in a jail cell and ensure you have access to the account. Feds look out for their own, that's for sure.

Personal experience with this so I can answer that.


No. They usually hold currency til after the trial then the gets put into fund to buy new cop toys. Seriously there is a dare car in my neighborhood that even says on it "paid for by seized drug money" or something to that effect.  They will also take cars, or anything else they think was from profit of drug sales or used in drug sales and auction it.  

Why would they burn the money?

I've asked this question before on here, but I'll ask again:

Shouldn't known drug money be burned by the authority that siezes it? Same as a seized kilo of cocaine should be recorded as evidence and then incinerated?

Is what they're doing not illegal to profit from these coins?

Yea, they prolly asked how to get the rest of the 100k+ coins all at once 

you know how hard it is to fire a federal employee? If they made it past the 1st year probation you'd have to damn near kill everyone in the room and get caught to get fired

Apparently it's 37 people and they are not all bidders. Anyone that has asked a question appears on the list.

Keep it away from the banks such as the likes of BNP Paribas.

BTW: someone at the Feds should lose his/her job over this. This is so fucking amateuristic. Someone should sue them too. Someone? Everyone on the list