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Topic: BREAKING: SEC Charges pirateat40 With Running Bitcoin-Denominated Ponzi Scheme - page 3. (Read 44431 times)

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I doubt it's unrelated.   Lips sealed

You're right. It's related to the mentality of a stupid asshole. The same mindset that makes him think it's ok to steal from people makes him think it's ok to beat his wife.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.

That describes about 10% of the Bitcoin user base, 15% of the mining pools and 25% of the businesses. lol

And about 12% of regular folks, 75% of auto repair shops, 55% of building contractors, 68% of computer repair shops, 48% of fast food establishments, 93% of foot ware makers, 36% of B&M stores, 100% of Apple and the Government.

So, the Bitcoin community is doing well! Yay!

Yep, it's right on par with the world. Just like the criminal activities of auto repair shops/contractors are dealt with by the government when a victim complains, the the victims in Bitcoinland asked the government to step in and deal with Pirate. Yep, it's right on track.
donator
Activity: 1218
Merit: 1015
sr. member
Activity: 476
Merit: 250
WOW, I never thought the SEC would pay any attention to anything bitcoin. wonder how I missed this story. thanks for sharing! pretty phenomenal stuff that they are paying this much attention. bullish, i think!!!  Cheesy
legendary
Activity: 4270
Merit: 4534
getting back on topic..

it seems trendon is still home Facebooking family and friends.. any update on whats happening in his court case?
legendary
Activity: 1498
Merit: 1000

Goat's insured ppt - actually paid out: https://bitcointalksearch.org/topic/pi-98420


Thanks for pointing that out. People seem to think I made money on this when really I lost my ass and even then covered all my debts. Life sure did suck for a while.



Seeing all this reminds me how lucky I am to be in the position I am in today. I lost a lot to pirate as well.
donator
Activity: 1218
Merit: 1015
AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.

That describes about 10% of the Bitcoin user base, 15% of the mining pools and 25% of the businesses. lol

And about 12% of regular folks, 75% of auto repair shops, 55% of building contractors, 68% of computer repair shops, 48% of fast food establishments, 93% of foot ware makers, 36% of B&M stores, 100% of Apple and the Government.

So, the Bitcoin community is doing well! Yay!
Speaking of auto shops... Have a car firing on 4-5 of 6 cylinders. Took it into shop I usually get tires replaced at. I said it was fine to replace whatever's wrong without calling if under $250, or to call if it's a more expensive problem. I was figuring spark plugs or solenoid. They didn't check, instead just doing a tune-up. Still the same problem, no notes left, and they charged me $238.  Roll Eyes

I can't really imagine taking a PC in, saying the same thing, and have them come back saying they did a tune-up for $238, replacing the RAM and dusting everything off, but not fixing the problem.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.

That describes about 10% of the Bitcoin user base, 15% of the mining pools and 25% of the businesses. lol
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Damn, how did you guys here fall for this crap?

I actually know someone that knows what he is doing and plays with those programs into his advantage, but there's no higher risk than HYIP or pyramid schemes...

I've recommended this before: grab a beer and look at some posts from August 2012. Mobs do interesting things.


Before I go digging around, any threads or links that you would recommend?

Oh, certainly. Maybe you should grab multiple beers and a page-joiner extension so you don't need to keep clicking "next."

The beginning of it all: https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Here is the best one. "Choose: Walk The Plank or Keelhaul"
https://bitcointalksearch.org/topic/choose-walk-the-plank-or-keelhaul-95008

Note he says, "chance the outcome of August 14." August 14 was not the end of the bet. This was a nice signal to get out for those of us who were gambling with pocket change on getting out before the implosion.


BitcoinMax - contains lots of taunting by Pirate's customers e.g. "I love how jealous they are that we're getting 7% weekly": https://bitcointalksearch.org/topic/bitcoinmaxcom-closed-83904
The MNW bet: https://bitcointalksearch.org/topic/m.1113117
Gamma Insured Pirate Pass-through - actually paid after default, though it took a while: https://bitcointalksearch.org/topic/glbse-gippt-delisting-100-paid-96793
Goat's insured ppt - actually paid out: https://bitcointalksearch.org/topic/pi-98420
Usagi tries to sell YARR - https://bitcointalksearch.org/topic/m.1062097
5000 BTC bet between Pirate and Vandroiy - https://bitcointalksearch.org/topic/putting-your-money-where-pirates-mouth-is-91661
How much BTC have you lost out on because you listened to Vandroiy? - https://bitcointalksearch.org/topic/how-much-btc-have-you-lost-out-on-because-you-listened-to-vandroiy-92581
(Vandroiy was very vocally anti-Pirate. He was right, but it got kind of annoying.)
Also everything on this page: https://bitcointalk.org/index.php?board=78.960
- Including "I know what Pirate's doing" https://bitcointalksearch.org/topic/i-know-what-pirates-doing-91670

And some of mine:
My mathematical analysis of all the "insured" bonds - contains a funny argument between me and usagi, except usagi deleted all his posts: https://bitcointalksearch.org/topic/a-riskreward-analysis-of-insured-pirate-yarr-pptx-gippt-hashking-goat-96092
^serious
not serious:

Me trying to sell a bridge: https://bitcointalksearch.org/topic/m.1063444
Global warming: https://bitcointalksearch.org/topic/m.992872
BCB
vip
Activity: 1078
Merit: 1002
BCJ
G R E E D

It will get you every time.
sr. member
Activity: 354
Merit: 250
Damn, how did you guys here fall for this crap?

I actually know someone that knows what he is doing and plays with those programs into his advantage, but there's no higher risk than HYIP or pyramid schemes...

I've recommended this before: grab a beer and look at some posts from August 2012. Mobs do interesting things.


Before I go digging around, any threads or links that you would recommend?
legendary
Activity: 1792
Merit: 1000
I fell for this, sadly.

The mob mentality definitely was part of it.

My belief that bitcoin is revolutionary also played a part - I thought it not impossible that it could be used for some function that normal currency couldn't, producing such profits. 

Of course with hindsight I was awfully stupid.

You live you learn.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Damn, how did you guys here fall for this crap?

I actually know someone that knows what he is doing and plays with those programs into his advantage, but there's no higher risk than HYIP or pyramid schemes...

I've recommended this before: grab a beer and look at some posts from August 2012. Mobs do interesting things.
sr. member
Activity: 574
Merit: 250
Pics of his wife?  Is he a chubby chaser?
sr. member
Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
Damn, how did you guys here fall for this crap?

I actually know someone that knows what he is doing and plays with those programs into his advantage, but there's no higher risk than HYIP or pyramid schemes...
hero member
Activity: 503
Merit: 500
Unbelievable how stupid this guy is. Ripping off that much bitcoin and ending up with so little $, moving it all into the exchange at once, putting his name out there and thinking he can get away with it.

A guy told me one time, "Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner"

That's a Robert De Niro line from a great movie called Heat.
legendary
Activity: 4270
Merit: 4534
looks like the week before slapping his wife about and after getting dealt with by the SEC, he was having a house party..

Quote
9 people like this.

Trendon Shavers
 That house will never be the same... Who would of thought 100+ people could party at a vacant house in McKinney. Tongue
August 6 at 1:33am

.. i guess he dont care much about anything

(quote can be verified from his wifes FB)
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