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Topic: btt - page 11. (Read 407341 times)

full member
Activity: 234
Merit: 101
November 11, 2013, 04:24:05 PM
iCE - agree with the principle (people need to get involved), but this is a v different scenario. We can't take control of anything until we find him. I posted two new MI addresses, but I'm UK based, so there's only so much I can do. We need feet on the ground in MI (still assuming Eric C is the right guy).

First, I'm really sorry and disappointed that Creativex seems to have vanished. I had a lot of faith and trust in him, as did many good people. I bought some of the first Basic-Mining shares, and still hold a small amount.

Creativex, if you are reading this, please post some sort of update of your status. I'm sure you have had enough of the whole enterprise, but you have left a lot of people very disappointed. It's never too late to put things right.

From my experience with the Bakewell recovery process, which became Fenix, I can offer this advice to Basic-Mining shareholders.

1. To get anywhere you need to organise. We found that a small group of shareholders was the most efficient way to make things happen. Someone needs to keep things moving. A small group contributes various skills without too many lengthy discussions from too many interested parties. We were 4.

2. That group needs to make decisions about the course of action to take, privately by PM, and communicate those decsions with all shareholders through the forum. We began a new thread.

3. You need to identify exactly what can be acheived, then make a plan. There is mining equipment bought with shareholder money, the remaining growth fund, and any recent mining profits which might be recoverable by a determined effort.

4. I would suggest that the first prority is to attempt to make contact with Creativex. We raised a small fighting fund from small donations from many shareholders, which was returned with the first profits.

5. Use this money to either pay someone's expenses to go to the known addresses and make enquiries, or hire a local Private Investigator to find him.

6. Important! Continue to appeal to him by any means.

7. As a final resort, once he is located, hire a lawywer to serve papers on him for the return of shareholders' investments/ take him to a small claims court. Get legal advice on the best course of action. This would probably cost somewhere in the region of $2-3,000, 5- 10BTC at today's rate. Not so much if shared by a pool of interested shareholders.

I don't have the time or health at the moment to be an active part of this process, but I am always around if I can give any useful advice.

Good luck. If you do nothing your money is gone.

Or, on the other hand, with some work and cooperation, you can very possibly recover some of your invested funds, and do a great service to our community by showing that we are not always willing to stay quiet and let scammers get away with it.
legendary
Activity: 1092
Merit: 1001
Touchdown
November 11, 2013, 02:41:26 PM
iCE - agree with the principle (people need to get involved), but this is a v different scenario. We can't take control of anything until we find him. I posted two new MI addresses, but I'm UK based, so there's only so much I can do. We need feet on the ground in MI (still assuming Eric C is the right guy).
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
November 11, 2013, 11:30:39 AM
legendary
Activity: 1050
Merit: 1000
November 09, 2013, 05:36:51 PM
Hes last recorded login was on october 20th but hes been receiving and sending btc so nearly 20 days without a word has he got some kind of extended male period or something? I think it's time to give creativex and basic-mining an official scammer tag and start legal proceedings if possible or maybe someone lives near MI and can go there and try to find him ?
newbie
Activity: 54
Merit: 0
November 09, 2013, 10:33:24 AM
I have LOTS of shares of Basic mining

Would love to know what the F*** is happening

Creativex seems to connect on bitcointalk almost everyday (but 0 post)

the basic mining cold wallet get BTC from mining almost everyday
 
For now I'm not sure he has run with our money

legendary
Activity: 1050
Merit: 1000
November 09, 2013, 05:09:04 AM
I did some digging.  Forget the phone numbers.  Unless he suddenly answers the mobile (a burner), they're useless.  The name and dob check out though (that is, there is an Eric Corlew).  The address is registered to Stephanie Corlew, 63, so possibly Eric's mother.  There are two more recent addresses linked to Eric:

2563 Koala Drive, E Lansing, MI 48823-7211
708 Hoaglin Street, Albion, MI 49224-1044

He has a couple of civil judgments against him (small debts) pre- BASIC-MINING, which makes me think it was an odd ID for creativex to steal if he isn't actually Eric Corlew.

Anyone in the MI area able to check out these addresses?  Still need to know whether this is the right person.

Another online identity he used to use: timonex


Did anyone managed to check the addresses?
sr. member
Activity: 364
Merit: 250
November 08, 2013, 09:25:17 PM
Perhaps. I drew the opposite conclusion.
newbie
Activity: 29
Merit: 0
November 08, 2013, 09:24:28 PM
Sure, maybe, but we didn't have to make that determination. The onus is on CX to comply, not us.
sr. member
Activity: 364
Merit: 250
November 08, 2013, 09:19:54 PM
I can't fathom anyone seriously claiming they anticipated anything like this was registered with the SEC, it just rings hollow! Sorry if I am incorrect in my assumptions, but it seems a bit retrospective.
newbie
Activity: 29
Merit: 0
November 08, 2013, 08:59:01 PM
Yes but this is in a purely unregulated investment scheme.  Everyone is going to end up guilty and the SEC would just seize everything and tell you to pound salt.  I don't see how that helps.  They'd have to build a case.  It's not like some guy with a badge is going to go knock on his door and demand to see the bitcoin.  They'd have to show some proof of wrong doing. 

What? You mean CX did not register with the SEC?!

I, for one, was an unwitting investor and assumed that (1) because the business was run out of the USA, and (2) CX sold securities to US investors, that I would be afforded the protections of US securities law. The disclaimer about "virtual markets" and "nothing is real" has no effect: it was, in actuality, a real business that had assets, both physical and in BTC. 

tbomb


legendary
Activity: 1092
Merit: 1001
Touchdown
November 08, 2013, 06:42:06 PM
I did some digging.  Forget the phone numbers.  Unless he suddenly answers the mobile (a burner), they're useless.  The name and dob check out though (that is, there is an Eric Corlew).  The address is registered to Stephanie Corlew, 63, so possibly Eric's mother.  There are two more recent addresses linked to Eric:

2563 Koala Drive, E Lansing, MI 48823-7211
708 Hoaglin Street, Albion, MI 49224-1044

He has a couple of civil judgments against him (small debts) pre- BASIC-MINING, which makes me think it was an odd ID for creativex to steal if he isn't actually Eric Corlew.

Anyone in the MI area able to check out these addresses?  Still need to know whether this is the right person.

Another online identity he used to use: timonex
hero member
Activity: 729
Merit: 500
November 08, 2013, 02:53:24 PM
Yes but this is in a purely unregulated investment scheme.  Everyone is going to end up guilty and the SEC would just seize everything and tell you to pound salt.  I don't see how that helps.  They'd have to build a case.  It's not like some guy with a badge is going to go knock on his door and demand to see the bitcoin.  They'd have to show some proof of wrong doing. 

Realistically, you'd have to get a civil suit going.  Take him to small claims court if you feel it's worth your time.  At this point, I'm not even sure any of you know who this guy really is.  I'm not sure how one person manages to receive that much in funds from people who haven't met him or even know if his name is real.  How do you reclaim anything that way?  I think it's over.  It's entirely possible that he's busy working on it and doesn't feel like posting in here, but I kind of doubt it.  Based on his one post, it sounds like he feels he's already distributed more to investors than he originally took in, so that he doesn't feel obligated to do anything else.

I hope I'm wrong, I've got skin in the game too, but I think it's likely to be lost.
member
Activity: 112
Merit: 10
November 08, 2013, 01:41:25 PM
we do not have the same notion of small potatoes.

What is the value of Basic-Mining assets: 1000 BTC? With current rate this is 300K USD+

This 300K+ USD belongs to share holders. some people go to jail for less smaller robbery.

If SEC do not care then report the issue to local police. IMO, that is what should be done.

How big was the bitcoin fraud when the guy from Texas got caught?
hero member
Activity: 729
Merit: 500
November 08, 2013, 10:36:34 AM
Nobody in the SEC is going to care, this is small potatoes for them.  CX mentioned that he had already paid more out than he took in from investors.  If this is true, I suppose he might feel as though he's done enough and has stepped way from it.  I doubt the guy is dead, in jail, or just holding a baby.  More than likely he is just not interested in coming in here, telling people it's over and working through the nightmare of people demanding refunds, lawsuits, wanting the hardware or to take on the exchange themselves.  There's no positive outcome for him either way, but it's easier to remain quiet.

This kind of thing happens time and again in the Bitcoin universe.  People rip each other off.  It's what happens when you send money to people you don't know and have no way of contacting or checking out.

I'm just chalking it up to another loss. 
member
Activity: 112
Merit: 10
November 08, 2013, 10:18:10 AM
Maybe creativeX was well intentioned initially when he started Basic-Mining but this is clearly turning into a scam.

If I were a US citizen, I would report this fraud to the SEC and/or the FBI. With all the Internet monitoring that the US government is doing, it should not be a problem for them to find him.
sr. member
Activity: 249
Merit: 250
November 08, 2013, 06:25:12 AM
Any news?
hero member
Activity: 538
Merit: 500
November 06, 2013, 11:45:31 AM

did you also fail logic 101?


Sorry for answering you. I am sorry for your losses, 95% chance you will never see bitcoins again. Cling to hope.
bye
hero member
Activity: 798
Merit: 1000
November 06, 2013, 10:14:10 AM

And who is in control of the wallet?

would really surprise you to find out that the guy who launched the company and has been managing the miners all this time still has control of the wallet?

woah the guy who was entrusted with the wallet still has control. I'm shocked *sarcasm*

did you also fail logic 101?


when the money starts going to places that it shouldn't be then ill start getting worried... until then its just collecting in a big ole bucket and increasing in value daily due the increase in BTC price.

read up on that guy in oslo who  bought an apartment with $27 of bitcoin that he had misplaced and you will understand why having your funds safely locked away is not always a bad thing..

http://www.thelocal.no/20131029/student-buys-oslo-apartment-with-27-bitcoin-stash
hero member
Activity: 538
Merit: 500
November 06, 2013, 09:49:55 AM

lol, he's gone, you lost your investment, sorry.

there's still 200BTC in the account... if he was going to do a runner he would have moved ALL the funds to a mixing service...

I think you just failed Deductive reasoning 101.


And who is in control of the wallet?
legendary
Activity: 1092
Merit: 1001
Touchdown
November 06, 2013, 09:20:34 AM
Does anyone have the list of shareholders / addresses from BTCT?
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