Topic: CAVIRTEX - CANADIANS, STAY AWAY. (Read 10839 times)

I found this quote from the complaint interesting as well:

"Oh, and by the way, when he tells you that he owns a telecom company don't believe that either. He is in the phone business I found out, but to call it a telecom company is a bit of a stretch.

In actuality it's a sex chat line, you know like the old 900 and 976 numbers that bill you for minutes and guys get to talk to girls while they play with themselves. That's what Joseph's telecom company is."

When CAvirtex started out they were accepting bill payments via a company called ACITelecom - http://acitelecomld.com/

Go to;

     http://www.servicealberta.ca/

and check out their links.  Their registry service has been farmed out to the private sector.  There are a number of these private registry services that provide this information to the public.  The above website has a list of them, just pick one and call them.

What service did you end up using?

There comes a time when one must grab the bull by the tail and face the situation ... :-)

From the province of Alberta registry, here is the publicly available data on CaVirtex (Virtex), for which I had to pay a small fee to obtain (anyone can do this);

"Virtex" is a trade name (aka "doing business as name", or "fictitious name") to identify this company as doing business in "financial services".  This name was registered on 2011/06/15 by a company called;

     161243 Alberta Inc.

This Numbered Alberta Corporation in turn was registered on 2011/06/14 (the day before) by;

     Joseph Toth (presumably his real name for his alias; "Joseph David") of; 1854 246 Stewart Green SW, Calgary, Alberta T3H3C8

Joseph is also listed as a director (the one and only) for this company.  The voting shareholders of the company are;

     Joseph Toth (48% of voting shares)
     Raymond Ball (48% of voting shares) - 3244-52 Ave SW, Calgary, Alberta T2L1V5
     Peter Taylor (2% of voting shares) - 888 Rue de l'Église, Verdun, Quebec H4G2N2

All shares are; Class "A" 100 voting shares.

I haven't spent too much time trying to chase their information down on the internet.  I will leave that to others.  What I have found thus far is that;

1) Peter Taylor seems to be the most forthright of the three.  His address seems to check out and there is a home phone number for him in Quebec.
2) As for Joseph, good luck….  Both Joseph's address and his company's address seem to be phoney (UPS store, and a drug store mall).
3) I did not find a listing for Raymond's phone number to match his street address.  His street address may be legitimate though, as Google Maps does show a house by that address.

The last interesting tidbit is one for a Joseph Toth which was a complaint submitted on 2008/01/18 and can be found here;

http://www.ripoffreport.com/r/Joseph-Toth-Hedge-For-Profit/nationwide/Joseph-Toth-Hedge-For-Profit-He-looks-like-hes-33-but-behaves-and-runs-his-business-like-301373

What is interesting about this complaint article is that Joseph's address (although bogus) pretty nearly matches up with his current address.

I know nothing about Joseph, his past life, or his present life.  However, he is hiding, and by all appearances he may have a good reason to do so too.

Do what you like with this information.  I know what I'm goin to do as I've seen enough.  Just thought I'd pass along all of this to you folks to help you in your decisions regarding CaVirtex.  Best of luck everyone.

Never trust anyone with 2 first names.

That's less to do with the verification process sadly and more the company being run by a bunch of wankers.

Everyone there uses an alias. Joseph David, Jennifer Kirk, ect. I think Joseph may have legally changed his name to Joseph David though but for sure JD is a shady guy.

I'm willing to throw some BTC at a private eye to get us the real lowdown on the JD and the other "voices" of virtex.

Who else is with me?

I'm a first time newbie here.  So anyone please feel free to direct me to the right place if I've got it wrong posting this here.

My question;

Does anyone know who the real named CEO for CaVirtex is?  Is it Joseph David or Paul Scovri (with the Calgary address)?  And who are his leading company cronies, their history, contact phone numbers, email IDs, etc.?  It would be nice if their information was readily available on their website for all to see.  Especially for their customers who they require detailed ID & banking credentials from?

I'm a little amazed at my own eager stupidity for signing up with them and giving them all of my personal info, when they seem to provide very little about themselves.  Oh well...  Live and learn I guess.  Serves me right for being too trusting and careless.

A distant work colleague once jokingly told me; "Never trust anyone with 2 first names." 

Warning: Today I noticed that CAVIRTEX has slyly implemented an inactive account fee. 

Their TOS states that you will charged $50CAD per month if your account has not had any trades for a year.  This charge will be made in BTC until your account becomes empty.  I received no email notification about this, even though I have notification emails enabled (the default setting).

To add insult to injury, the inactivity fee listed in my account transactions is -4BTC.  It was made on October 30th, and from a quick check of historical charts it looks like the trading rate was about $210 that day.  At that rate they have charged me a fee of roughly $840 for my inactive account.  I have already opened a support ticket and I am crossing my fingers that it is a mistake.

I feel that if they were implementing this inactivity fee in good faith they would have sent many emails leading up to the application of this fee.  I also feel like your account should receive a warning every month leading up to the date the fee is applied.  There is no way to look at this situation without seeing it as them taking advantage of people who are not active traders and who are instead relying on them to keep their BTC safe.

I have held BTC with cavirtex since mid 2011 when they went live.

I wanted t post this in the "official" cavirtex thread (https://bitcointalksearch.org/topic/official-cavirtexcom-thread-218435), but because I have just created my account I can not do so.  I am eager to hear Jack Lewis or Joseph David's response on this matter as they seem to pride themselves as being entirely above board and interested in maintaining a good relationship with the community. 

I've been with them since they were in beta; never had any problems. 

When I had any questions or suggestions I sent them an email and they were very quick to respond.

besides quickbt, i know there are a few that accept email money transfer.  If you want me to find some reputable ones, let me know and I can some for you.

I doubt that would come up, credit card payments are reversible, and too much fraud.

Not that I can find.  If someone does know, please let me know! I'm curious to find out.

vogogo payment system disappeared from my TD account, this blows.... any one know of a Canadian site where i can just use my credit card to buy btc?

Hey Vod.


I got both deposits credited and was able to trade bitcoin immediately after that, although virtex did go down for a few minutes here and there, nothing totally unexpected.

It's past noon - what's the word?

I use Cavirtex, so I'm curious.

Sure, if you going to smear them, do it on 2 forums.  Ive been doing business with them for over a year with no problems. Verified with NO PROBLEMS!  I received a prepaid debt card in 4 days, loaded it and used it, NO PROBLEMS! Ive always been answered promptly when emailed.  Thank you Virtex!  For making an extra effort to root out the scammers!

Thanks, I'll take a look.  I don't think i'll deposit anything until I hear from you and get feedback on what happens.  Keep us updated. Thanks.

You guys could also be interested in my cross-post on reddit, it got some traction also:

http://www.reddit.com/r/Bitcoin/comments/1q0fhs/cavirtex_stay_away_canadians/

The other easy merchant is called quickbt.com

They are legit, however currently you can only buy 0.2BTC right now and only use Interac online to pay, so you must be banking with Scotia, RBC, TDCT or BMO.