[BitcoinMax.com] Closed | Bitcointalksearch.org

Bitsky

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Quote from: MelMan2002 on March 15, 2014, 02:59:30 PM

That would not surprise me at all. He may have ended up with a lot more than he started with - he seemed a little worried about clawback...

I'm pretty sure he made a good profit. I'm also suspecting that he did not forward everything to Pirate (his way to "transfer" coins makes it impossible to trace them on the blockchain).

For example, 1CWG3oZbDMjFjyZqoaBMcu6HVn9smRCHMp is an address to which some of the deposits from BMax investors were directly transferred so I'm pretty sure it's one of Ian's pooling addresses. According to the blockchain, there still were withdrawals in July 2013 which is after Trendon defaulted; the SEC was already involved. That's why I assume that Ian has the funds to honor the withdrawal requests his investors made before the default.

MelMan2002

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Quote from: m_yaw on March 15, 2014, 01:40:20 PM

Quote from: Bitsky on November 22, 2013, 08:59:12 AM

As for evidence: I started to get suspicious when I noticed that coins I sent to Ian were moved in July this year. And from the history of that address, it seems like it was one of Ian's pooling addresses.

Well at least from the SEC document we know that pay.btc was a real pass-through. It could still be though that Ian kept some coins for himself when it was clear that things would collapse.

That would not surprise me at all. He may have ended up with a lot more than he started with - he seemed a little worried about clawback...

m_yaw

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Quote from: Bitsky on November 22, 2013, 08:59:12 AM

As for evidence: I started to get suspicious when I noticed that coins I sent to Ian were moved in July this year. And from the history of that address, it seems like it was one of Ian's pooling addresses.

Well at least from the SEC document we know that pay.btc was a real pass-through. It could still be though that Ian kept some coins for himself when it was clear that things would collapse.

MelMan2002

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Quote from: Ente on March 15, 2014, 12:25:16 PM

Quote from: MelMan2002 on March 15, 2014, 12:12:14 PM

Quote from: johnlu on March 15, 2014, 09:53:10 AM

Did anyone contact payb.tc? Does anyone know anything about Trendon Shavers judjement? I'd like to know whether there is any chance of recovering a part of our BTC.

Well, from the sounds of it Trendon didn't have many assets left to seize and still carries a considerable amount of debt. So I doubt that much, if anything, gets paid out...

Of course it's hard to believe Trendon wasted a quarter million BTCs, with nothing substancial left now. Even when the exchange rate was way lower back then.
We'll see, I guess. He will give his "strategy" a second though when facing two-digit jailtime..

Ente

If he does still have a decent amount of bitcoins left then I'd bet that as soon as the judgement is made and reality sets in for him (before sentencing) then he will probably go on the run...

Ente

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Quote from: MelMan2002 on March 15, 2014, 12:12:14 PM

Quote from: johnlu on March 15, 2014, 09:53:10 AM

Did anyone contact payb.tc? Does anyone know anything about Trendon Shavers judjement? I'd like to know whether there is any chance of recovering a part of our BTC.

Well, from the sounds of it Trendon didn't have many assets left to seize and still carries a considerable amount of debt. So I doubt that much, if anything, gets paid out...

Of course it's hard to believe Trendon wasted a quarter million BTCs, with nothing substancial left now. Even when the exchange rate was way lower back then.
We'll see, I guess. He will give his "strategy" a second though when facing two-digit jailtime..

Ente

MelMan2002

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Activity: 461

Merit: 251

Quote from: johnlu on March 15, 2014, 09:53:10 AM

Did anyone contact payb.tc? Does anyone know anything about Trendon Shavers judjement? I'd like to know whether there is any chance of recovering a part of our BTC.

Well, from the sounds of it Trendon didn't have many assets left to seize and still carries a considerable amount of debt. So I doubt that much, if anything, gets paid out...

johnlu

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Did anyone contact payb.tc? Does anyone know anything about Trendon Shavers judjement? I'd like to know whether there is any chance of recovering a part of our BTC.

dlasher

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Merit: 250

Quote from: MelMan2002 on March 12, 2014, 01:52:35 PM

Interesting to note that, according to Trendon, BitcoinMax was getting 7.7% weekly and had 150k bitcoins altogether:
http://www.scribd.com/doc/210845161/SEC-vs-pirateat40-1
(page 184)

Also looks like Goat got a percentage payout.... (Page 111)

farfiman

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Quote from: MelMan2002 on March 12, 2014, 01:52:35 PM

Interesting to note that, according to Trendon, BitcoinMax was getting 7.7% weekly and had 150k ~~bitcoins~~ piratecoins altogether:
http://www.scribd.com/doc/210845161/SEC-vs-pirateat40-1
(page 184)

fixed
if it works for goxcoins it works here as well Wink

MelMan2002

sr. member

Activity: 461

Merit: 251

Interesting to note that, according to Trendon, BitcoinMax was getting 7.7% weekly and had 150k bitcoins altogether:
http://www.scribd.com/doc/210845161/SEC-vs-pirateat40-1
(page 184)

Bitsky

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Quote from: Ente on November 22, 2013, 10:32:28 AM

Well, there's a huge difference between a bounty, a percentage of the returns and a plain fund which pays regardless of the outcome..
With the recent exchange rate, even a few Bitcoins should go a long way though. I'm in, just to see some justice done.

Ente

A fixed bounty might increase the loss if the retrieved amount is lower than the promised bounty. Same for a fund.

A percentage however includes the incentive to be as effective as possible, because a higher return means a higher reward.

Ente

legendary

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Quote from: Bitsky on November 22, 2013, 08:59:12 AM

Quote from: Ente on November 21, 2013, 06:42:13 PM

Now that's the real amazing news here. No assasination, no (real, mind you) mob formed, no bouty, nothing ever happened. Except, embarrasingly, the government who stepped in.

I said before that I would pay a percentage of any retrieved coins.

Quote from: Ente on November 21, 2013, 06:42:13 PM

With Ian, hmm.. I saw no hard evidence that he did something evil, instead of a simple "did something stupid".

Being stupid is one thing, refusing to help is another. As for evidence: I started to get suspicious when I noticed that coins I sent to Ian were moved in July this year. And from the history of that address, it seems like it was one of Ian's pooling addresses.

Quote from: Ente on November 21, 2013, 06:42:13 PM

I wonder if there's enough left in the community to form a mob? I doubt it, somehow..

With investors spread all over the world, there's not much of a chance for a real mob. That's why I think a bounty might work better.

Well, there's a huge difference between a bounty, a percentage of the returns and a plain fund which pays regardless of the outcome..
With the recent exchange rate, even a few Bitcoins should go a long way though. I'm in, just to see some justice done.

Ente

Bitsky

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Activity: 576

Merit: 514

Quote from: Ente on November 21, 2013, 06:42:13 PM

Now that's the real amazing news here. No assasination, no (real, mind you) mob formed, no bouty, nothing ever happened. Except, embarrasingly, the government who stepped in.

I said before that I would pay a percentage of any retrieved coins.

Quote from: Ente on November 21, 2013, 06:42:13 PM

With Ian, hmm.. I saw no hard evidence that he did something evil, instead of a simple "did something stupid".

Being stupid is one thing, refusing to help is another. As for evidence: I started to get suspicious when I noticed that coins I sent to Ian were moved in July this year. And from the history of that address, it seems like it was one of Ian's pooling addresses.

Quote from: Ente on November 21, 2013, 06:42:13 PM

I wonder if there's enough left in the community to form a mob? I doubt it, somehow..

With investors spread all over the world, there's not much of a chance for a real mob. That's why I think a bounty might work better.

Ente

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Quote from: Bitsky on November 21, 2013, 12:54:10 PM

Quote from: Ente on November 21, 2013, 04:46:45 AM

payb.tc triesto sit this out, ignoring anything related to bitcoinmax and changing nicks and all that.

He's been acting very fishy ever since Pirate defaulted and tried to hide every detail of his passthrough. From what I know, he also refused to work together with the officials (SEC). So I'm not sure anymore if it really was a passthrough at all.
I wonder if anybody living in Australia would be willing to act on behalf on Ian's investors and face him to talk about all this (and maybe even file a lawsuit). Ian seems to have ignored a few withdrawal requests before everything blew up. Considering the current BTC value, a bounty from those investors would most likely equal tens of thousands of dollars.

Now that's the real amazing news here. No assasination, no (real, mind you) mob formed, no bouty, nothing ever happened. Except, embarrasingly, the government who stepped in.

But then, now it's kind of pointless, at least with Trendon, as the government takes care now.
With Ian, hmm.. I saw no hard evidence that he did something evil, instead of a simple "did something stupid".

I wonder if there's enough left in the community to form a mob? I doubt it, somehow..

Ente

Bitsky

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Activity: 576

Merit: 514

Quote from: Ente on November 21, 2013, 04:46:45 AM

payb.tc triesto sit this out, ignoring anything related to bitcoinmax and changing nicks and all that.

He's been acting very fishy ever since Pirate defaulted and tried to hide every detail of his passthrough. From what I know, he also refused to work together with the officials (SEC). So I'm not sure anymore if it really was a passthrough at all.
I wonder if anybody living in Australia would be willing to act on behalf on Ian's investors and face him to talk about all this (and maybe even file a lawsuit). Ian seems to have ignored a few withdrawal requests before everything blew up. Considering the current BTC value, a bounty from those investors would most likely equal tens of thousands of dollars.

Ente

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Quote from: gnpeer on November 21, 2013, 03:05:09 AM

any updates?

I don't expect anything to happen at all until seized money from Trendon shows up. Well, that's with a big "if" here, obviously.
payb.tc triesto sit this out, ignoring anything related to bitcoinmax and changing nicks and all that.

Ente

gnpeer

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Merit: 100

any updates?

adamas

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VIS ET LIBERTAS

Quote from: slider1978 on July 25, 2013, 09:26:38 AM

So now that the SEC is officially involved I'm assuming that they are going to be speaking with Pay.btc/Hightower. I'm sure we all would appreciate updates from him regarding his communication with the SEC.

Time to pay back!

slider1978

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So now that the SEC is officially involved I'm assuming that they are going to be speaking with Pay.btc/Hightower. I'm sure we all would appreciate updates from him regarding his communication with the SEC.

zyk

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bitcointalk is really silver ---- and my silence was golden Roll Eyes

am gonna report myself to the chief "moderator" to be silenced again Cheesy

and as everybody ignores my silence the chief "moderator" will live happily ever after

and me toooooooooooooooooooooooooooooooooooooooooooooooooooooooo Cool

Thanks guys for listening

You´ll be on your own again or make M -POE replacing the rotten sentence :

Caution : Moderators are here to participate and perpetrade not at all sophisticated scams

as they are allowed to suppress the dangerous truth which could expose their collusionaryly

gotten income.

Good luck for ya all

Thanks Zyk

as my wool too is derived from the ignorant sheeple Grin

how many months will this dictatorily handled forum scratch their heads this time why Zyk

has disappeared from the stage ? Huh

as I hade to for all my pseudos of

course.....to make me really jealous about Ians skills to be Theymos love affair in all his appearances Wink

am sorry for my missing loyality but I kept my word and mouth shut for the greater good of this forum and BITCOIN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Topic: [BitcoinMax.com] Closed (Read 190275 times)