Topic: [BitFunder] Graet.Loan - Paying 0.05% interest daily - page 9. (Read 53116 times)

i'm surprised he didn't come here and give an update, he would rather argue with me for 30minutes in #bitcoin-aus than just give an update on here.

I told him about 5 times yesterday to come here and give an update.

yerp, i got pretty screwed because of the lies. thanks again graet.

He's is waiting for other people who owe him. That means he lied in his contract.

Sounds like a tactic to get you off his back for the time being. No offense.

Abandoning this thread isn't the responsible thing to do. His little one line jab on IRC could just as easily be written here himself.

about 20mins ago.

03:59 < VanCleef> https://bitcointalksearch.org/topic/bitfunder-graetloan-paying-005-interest-daily-218324
03:59 < VanCleef> people are waiting
04:00 <@Graet> yep, and i'm waiting on peopke


only update so far.

i'm talking to him in #bitcoin-aus room. Asking/pleading with him to give an update. Hope he does. I'm worried for him.

any updates?

+1

Honestly, i'm getting very bored about this kind of communication. Even fucking BFL is doing a better job, at least they tell every two weaks they'll ship in two weeks. Just disappearing is the most annoying thing someone can do. Usually i'm very patient but even my patience has a deadline.

He has not logged in for almost a month. It's obvious your money is of little concern to him (now that he has it).

Any updates?

No updates. Looking at past and how rarely he gives updates, it will probably take another month for him to start paying dividends directly and give us an update.

So what's the latest updates on this loan from Graet now ?

where is my dividends now?

Now that bitfunder is closed, can you start sending the dividends to the private addresses?

Go for a lawyer ,I think for UKYO and Great at their ages,running isn't a proper things to do....because both of them have families, and I guess they should have other personal assets apart from BTC itself, house or car?

Seen him and Ukyo in the IRC channel #bitfunder , but u must be very very lucky if they answer any question ! -.-
So , they arent any official news about the Graet.Loan? He's running around / away like ukyo with our BTC ?
I'am really angry like all others in the same situation 

Is there an IRC channel Graet frequents? He historically hasn't replied or checked on threads/pms here much. Was considering hopping in an irc channel and priv chatting him. Haven't received a reply since his last email in October.

*If* it comes to lawyering up - there are people in the same legal jurisdiction as Graet (Australia) with enough at stake and deep enough pockets to take this on.
Graeme Tee described it as a 'personal loan' - and said in effect that failure to pay would only happen as a result of bankruptcy.
Considering Graet is a director of Weexchange - there is a good case to be made that 'payment' via a system he should reasonably know is compromised/insolvent does not represent a valid resolution of those portions of the debt.
It would be sad to see lawyers involved, and I wouldn't wish bankruptcy on him - but when there are individuals owed hundreds of thousands of AUD equivalent value - I expect a failure to ultimately pay out will result in just that.

Of course - the question is whether bankruptcy has already been reached and whether there are any personal assets to even chase. Given that Bitcoin provides a pretty good way to hide assets, and the legal situation around Bitcoin and 'personal loans' via an unregulated exchange system is unclear at best - it would be a risky case.. but I know of at least one Bitcoiner who is tempted to risk 'throwing good money after bad'  - simply to help establish some legal precedence here in Australia regarding this - and send a message that BTC debts will be chased up whether due to negligence, mismanagement or fraud.

If it turns out that that negligence/mismanagement/fraud don't directly apply to Graeme Tee's actions - I still think it's a plausible outcome to have the judgement made against Graeme Tee's assets - leaving his recourse to chase his losses against the other parties involved.

I think it's just to cover his ass so that when this ship sinks and people chase him, he'll be able to say he continued to pay divs via bitfunder as per the agreement and that if you have any problems, you need to take it up with them, not him.