Topic: BREAKING: SEC Charges pirateat40 With Running Bitcoin-Denominated Ponzi Scheme - page 5. (Read 44431 times)
August 11, 2013, 03:16:32 AM
his name was pirate
August 11, 2013, 02:54:57 AM
courts love to find they have jurisdiction, it gives them more power. It takes legislation to cut back the courts power, which now only happens when the court trammel rich corporate interests that can lobby for the legislation.
August 07, 2013, 09:20:33 PM
He didn't list them, but they were passthroughs to his "security" and they did trade on an exchange.
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Well I bet the SEC knows what they are doing. Also it seems the SEC might have to go after others if they want to go after the PPTs and the exchange that took the money.
http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806
First of many.
https://www.courthousenews.com/2013/08/06/Bitcoin.pdf
Check this quote out "Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money." The other takeaway is that a judge just declared all unregistered (which probably is 100%) BTC exchanges, companies listed on exchanges and probably even side loans illegal since he called them securities.
Erik Voorhees big scramble to buy back SatoshiDice becomes a little clearer now doesn't it? lol
August 07, 2013, 08:55:50 PM
He didn't list them, but they were passthroughs to his "security" and they did trade on an exchange.
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Well I bet the SEC knows what they are doing. Also it seems the SEC might have to go after others if they want to go after the PPTs and the exchange that took the money.
http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806
First of many.
https://www.courthousenews.com/2013/08/06/Bitcoin.pdf
Check this quote out "Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money." The other takeaway is that a judge just declared all unregistered (which probably is 100%) BTC exchanges, companies listed on exchanges and probably even side loans illegal since he called them securities.
August 07, 2013, 08:12:38 PM
He didn't list them, but they were passthroughs to his "security" and they did trade on an exchange.
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Well I bet the SEC knows what they are doing. Also it seems the SEC might have to go after others if they want to go after the PPTs and the exchange that took the money.
http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806
First of many.
August 07, 2013, 06:11:40 PM
He didn't list them, but they were passthroughs to his "security" and they did trade on an exchange.
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Well I bet the SEC knows what they are doing. Also it seems the SEC might have to go after others if they want to go after the PPTs and the exchange that took the money.
August 01, 2013, 04:39:53 AM
pirateat40 is the bawss to people here unconsiously
he did what all those pathetic people here that are buying bitcoins right now at 100$ are dreaming about
U1A
he did what all those pathetic people here that are buying bitcoins right now at 100$ are dreaming about
U1A
August 01, 2013, 03:58:52 AM
If anyone duped by pirate40 gets caught up in this, I know a good SEC defense lawyer. I can get you in touch with them and make sure that they are well versed in all the technical aspects of bitcoin for the defense. Just send me a PM.
August 01, 2013, 03:41:00 AM
This idiot sent coins directly from his ponzi to his personal, verified MtGox which sent USD to his bank accounts. This retard was asking to get caught. Probably tried to run from the mistakes by losing himself in casino gambling
July 31, 2013, 10:11:33 AM
From the complaint:
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
GLBSE wasn't a real exchange, it was an illegal unlicensed "get into jail free" card. Just like all other Bitcoin "security exchanges".
There is currently no regulated bitcoin "securities exchange", unless you like to gamble a bit, avoid them.
July 31, 2013, 09:49:30 AM
From the complaint:
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
GLBSE wasn't a real exchange, it was an illegal unlicensed "get into jail free" card. Just like all other Bitcoin "security exchanges".
Yeah, I bet Nerfario is glad he's a Brit right now. This would be a bad time for him to plan another trip to the US with only Bitcoins in his pocket. He might get stopped at the airport again but not for the same reason. lol
July 31, 2013, 02:57:04 AM
From the complaint:
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
GLBSE wasn't a real exchange, it was an illegal unlicensed "get into jail free" card. Just like all other Bitcoin "security exchanges".
July 30, 2013, 06:54:30 PM
"I think many people forget that PPT is issued by some of the most respected people in the lending forum. It wouldn't be just a matter of 1 person not honoring the agreement, but all six. How many other issuers have that?" -imsaguy
July 30, 2013, 04:35:34 PM
He didn't list them, but they were passthroughs to his "security" and they did trade on an exchange.
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
Probably a lot of the key posts are now deleted.
PPT-A
https://bitcointalksearch.org/topic/--76594
July 29, 2013, 07:34:23 PM
From the complaint:
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
"BTCST’s securities were not traded on any exchange"
The SEC is wrong about this one. See PPT.
July 28, 2013, 02:22:57 PM
Next up: Hashking aka Sam Theofanopoulos, 7262 W Benton Dr Frankfort, IL 60423
I really hope they go after all the PPTs and the Starfish too.
Ugh, I'd hate to see otherwise 'good guys' go down with the ship. But I suspect the SEC will be going through all of this through a fine toothed comb. If anything, this will be teaching the government law enforcement quite a large amount about bitcoin. I wouldn't be surprised if the people working on this investigation turn out to be the real bitcoin/blockchain experts.
The PPTs and Patrick are good guys? I'd like to see you explain in what fashion any of those assholes are good guys. All of them rapidly defended an obvious ponzi scheme. Many of the passthroughs didn't pass through and did they own default under the cover of Pirate's. And the PPT.div was the biggest ripoff of all, devised to fail and lose massive amounts of money for investors even if Pirate had paid off.
July 28, 2013, 02:16:31 PM
Next up: Hashking aka Sam Theofanopoulos, 7262 W Benton Dr Frankfort, IL 60423
I really hope they go after all the PPTs and the Starfish too.
Ugh, I'd hate to see otherwise 'good guys' go down with the ship. But I suspect the SEC will be going through all of this through a fine toothed comb. If anything, this will be teaching the government law enforcement quite a large amount about bitcoin. I wouldn't be surprised if the people working on this investigation turn out to be the real bitcoin/blockchain experts.
July 28, 2013, 09:05:21 AM
A nifty visual representation:
One can't help but laugh at the people who thought he was the market god. If they'd known his average selling price at Gox was $2 when the market was between $5 and $15 they'd have....lost faith? Talk about shitty day-trading.Always in control of the market...my ass.
Making money while dumping bitcoin @below market value is but a single adorable aspect of His Godliness.
Pirate never concealed the unlawfulness of his operation, he simply allowed his marks to assume that they weren't the intended marks.
July 28, 2013, 06:08:51 AM
A nifty visual representation:
One can't help but laugh at the people who thought he was the market god. If they'd known his average selling price at Gox was $2 when the market was between $5 and $15 they'd have....lost faith? Talk about shitty day-trading.Always in control of the market...my ass.
July 26, 2013, 05:24:54 PM
*snip*
Is this your personal collection of white dildos?
Nah, planet earth's worst Ponzi scheme operators
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