Topic: [BitFunder] Moving Forward/Resolution Process - page 68. (Read 292138 times)

the SEC shut down an online poker room?

This is such a bullshit anyone who lived through Fulltilt black friday saga (poker room seized by US gov) could tell you about how they will return your money. And that was US dollars not some 10x more challenging crypto currency. I think its close to 4 years now and nobody saw a penny from them and they are just cutting people left and right for most stupid reasons.

I dont want any involvement of government in this as of now.

Please exclude me from all.

Actually, I talked to the SEC a few weeks ago (they called me, I did not call them!) and they said that if they discovered any fraud they would do their best to return money to the investors. So, yes, the SEC will help you out, but it will likely take a long time.

Personally, I would get a lawyer for faster results if you are inclined, but I've decided to wait a little bit more and see what happens first. I still have faith that Ukyo will come up with some kind of plan and I appreciate everything Neo&Bee is doing to help this situation.

You've made five posts and in your first (two weeks ago) you said you were unaware of WeExchange and had no funds in it.  Why are you so angry?  Exactly what value would you be collecting?

what people seem to be frustrated at is that for over a month now they have told "there will be an update shortly". It never comes its just the same rubbish "legal reasons"

it needs to be explained in full.

alot of people Graeme Tee and Jon Montroll have ripped off are shareholders in N&B they have to explain themselves to there shareholders what are they doing with these idiots they could bring themselves down and have to explain why it benefits shareholders.

its time for an explanation for take matters in to our own hands people they have had long enough. People on here claiming "i know more but cant say" "this is a good thing" are talking rubbish and have been just told enough to keep them happy.

As I have said it is time to set a deadline. if they do not meet the deadline. to explain in full what has happened. Then ukyo and gramet im coming for my money.

just like debt collectors im just gonna take what is my value. if you dont have anything to the value i will take it off your family members

In that case we agree.  I'm not suggesting that people should turn to the government that they despise as soon as their unicorn takes a dump.  That's weak.  I'm just pointing out that the cheerleaders, and Danny himself, are provoking people to bring in the law. That's simply stupid -- it only takes one pissed off guy.

Please investigate, and think, before sending any satoshi to the brand new neo&ukyo exchange.

Nope, not saying in anyway that laws were not broken. They obviously were, and we all knew that when we invested our coins! What I am saying is he is not alone in this endeavor, he has a partner everyone seems to forget about, and the quickest link to follow from the site to law enforcement would be via the website and business registration.

That said, any involvement of SEC or ASIC will more than likely not result in any of your funds being returned to you. ASIC actually states that you would need to attempt that on your own.

If people are not willing to try and legally get their funds back, and also are unwilling to pursue the criminal route, continued posting here is pointless.

Yes.  This is old news.  WeExchange is registered in AU, though not as an exchange, and not that that's relevant -- BTCT was registered in Belize.  The laws Ukyo broke were US laws, by selling unregistered securities to US persons.  That does the trick as far as the SEC is concerned.  There's a slew of other laws broken -- let's not bullshit each other.  Ukyo is also a US citizen, thus putting him square in the SEC's crosshairs as a prime candidate for pwnage.  Remember, he ran his exchange long after Burnside shut down his.  That wins him no brownie points.
If i'm understanding you correctly, and you're implying that Ukyo (and i don't understand why people insist on using his full name here) broke no laws, you're simply wrong.

If that is the case, I welcome it!!! My WeExchange coins are gone and through this deal, if it did exist, I might actually get something back! Awesome!

No. It looks to me that Neo&Bee tries to setup an exchange using some BTC of ukyo initial stash (hence the silent deal), and hopes for a retaining some strategy to pay back (insert any figure<70)% the weexchange mugus. After which both have their names cleared/are considered as heroes.

No one here seems to really get it.

This information was posted before but I guess not everyone has kept up with the thread. Go ahead and try to file something with the SEC if you like however I don't believe it will do you any good. There is a WeExchange registered in the US however the actual website site is registered and owned by WeExchange Australia PTY.LTD. (ACN: 152 308 23). With Graeme Tee (Graet) and Jon Montroll (Ukyo) as the sole owners/directors. Nowhere within the United States legal system can I find anything that links the US company with the actual website or Australian organization.

All of this has been previously posted

All documentation supporting documentation for this claim can be found here:
https://drive.google.com/folderview?id=0Bza0Sx1iSRWqYVRiMkRaLVlrcFE&usp=sharing

A sample ASIC (Australian Securities and Investment Commission) can be found here:
https://drive.google.com/file/d/0Bza0Sx1iSRWqODhZMktJdW9sMjA/edit?usp=sharing

A free text sample of the complaint can be found here:
https://drive.google.com/file/d/0Bza0Sx1iSRWqNjhEdHRhM2RLMzA/edit?usp=sharing

A conversation with  Graeme regarding my intent to file an ASIC complaint can be found here:
https://drive.google.com/file/d/0Bza0Sx1iSRWqZEVscUZFeDVJaFE/edit?usp=sharing

A conversation with Ukyo where he states that I may, if I wish, file an ASIC complaint and it will be handled appropriately.
https://drive.google.com/file/d/0Bza0Sx1iSRWqZEVscUZFeDVJaFE/edit?usp=sharing

The involvement of Neo & Bee at this point can only be a good thing. Based on the above documentation, it was already a really good guess that our funds with WeExchange were gone. While I believe that Jon is trying his best to redeem the situation, his management of it too date has been very poor.

Neo & Bee just got involved in this situation and as mentioned previously by others, they are trying to help. Lets give them that chance before going on the offensive with them. I for one am glad they are involved and have stated that they are working toward some means to return everyones coins to them. The coins with WeExchange are gone and someone is going out of their way to try and help you get them back!

If you feel you need to take action, the ASIC forms are provided above, and you are free to contact a lawyer for legal advice at any time. Continuing to complain on these forums is a waste of everyones time.

KrimsonKla

Well, no.  The chances, at this point, are 100%.  Ukyo broke the law by running an illegal exchange, by offering unregistered securities to US persons, etc., etc.  There is no question that Neo & Bee are willing to be involved with a criminal -- they are.  The only question is, what kind of a criminal Ukyo is.  Whether he simply ran afoul of securities law, or if he actually stole coin.

Legal reasons. Governments are not fun to play with.  


The fact that the coins are gone aren't news.. Danny said that already in November.


Neo&Bee just announced that it will be possible to buy bitcoins for cash in UK, USA, Russia, Denmark, Sweden, Norway, and more to come. https://bitcointalksearch.org/topic/neo-easycoin-official-buy-btc-with-cash-ukusarussiadenmarkswedennorway-364485
How that is connected to the weex issue is unknown but they said that the "big news" would be very good for bitcoin so I believe its connected somehow.

Ya this is exactly what I predicted would happen a few weeks back. We will get a bunch more 'updates' that tell us nothing until they just stop altogether. I call it the 'BFL it's coming in 2 weeks' manoeuvre.

Let's look at this really simply. Dude is responsible for over 2 million. That's a lot.  He won't even tell us what happened to them. Why could he not tell us? What valid reason could their possibly be for not telling us what happened.

First it was a 'bitcoind problem'. The money was there he just couldn't get to it. Now over a month later this has changed to 'the coins are gone'.

So I'll make another prediction for some of you with your heads in the sand.

We'll get another update saying that 'big news is coming in a week' and then when the big news comes again it'll be along the lines of 'We are getting close to a solution but we can't talk about it. We should have this wrapped up any day now! Will post an update next week.'  Then two more of those, and in a 1.5 months or so he'll disappear. All the while people could have actually done something but where strung along.

(I'd be THRILLED to be wrong.)

I am sorry to say but another more likely interpretation is that Neo & Bee are trying to cover up what Ukyo did, in order to buy him time. The confused communication from Danny makes this more likely than your interpretation. The last thing is that on Friday he delays his update to Saturday saying that by that time he would be able to give more detailed information. And then on Saturday, without any further explanation, he fails to provide any new information, not to mention anything _detailed_. How do you interpret this?

You might have much more information than most of us and might know what has happened. I do not want to pass judgement, simply because I do not have enough information. All I am saying is that appearances suggest that the scenario I described is more likely, therefore I cannot blame anybody for being doubtful. In fact, reading Danny's communication reminds many of us of Labcoin. In this sort of situation making promises you cannot deliver on and giving out ambiguous and incomplete pieces of information (like "coins are gone") inevitably makes the impression that they want to cover up something shady.

Does anybody know when this will happen?  It is a bit ridiculous

No.  He broke the law long before the money disappeared.  As soon as he offered unregistered securities to US persons, laws were broken.  As soon as he started dealing in unregistered securities as a US person, other laws were broken.  The missing coins are just icing on the crime cake.  Securities fraud is exactly what the SEC is set up to deal with.

Ok... so what would they do? Probably visiting him and questioning. He claims the wallet software is faulty and shows the help he hired. SEC will go.
The worse effect would be they dont believe it and... cant repair anything either. But they block anything to prevent he steals something. In a couple of months a case at court starts and and and.

Even though i think ukyo's silence is stupid, i think they should get some time to work on it. I mean it looks like they are in cyprus now and work together on the problem. Hopefully with more effect than ukyo alone.