Topic: Chase bank not feeling comfortable - page 4. (Read 8182 times)

Money laundering like oh so many "crimes" (drug prohibitions, tax evasion, various regulations, unlicensed practice of whatever, ect ect.) is a very very recently invented "crime" but I don't believe I have to give a rats ass about what some private bank thinks I should or shouldn't do with my money even if they call it money laundering, hence the beauty of Bitcoin.

=Baby D0X=

lgscout.com  Home of 'Scout Vision' software. The site created by the speakers buddy,
Jason Lewis; http://www.facebook.com/jason.lewis2/friendsft_ref=mni#!/jason.lewis2
that adds really non useful, social, cloud type 'tags' to sites that THEY (the operators of said software) deem to associate with particular sites.

Hosted via hiding behind Cloudflare.com;
home of a LOT of nasty money laundering, hacking and CC doxing sites from the Virgin Islands, Netherlands, etc who use the CloudFlare service as a 'CDN' to hide the true location of their servers!

Some notorius sites hosted behind CloudFlare, include but certainly not limited to;
hosted LulzSec

Currently hosts the website of a professional DDoSer named "Gwapo" in the Philippines.(He explains how you can send him money to take down any website)

A list of sites known to be involved in fraudulant activity who also hide behind CloudFlare can be seen here;
http://www.spamhaus.org/sbl/listings/cloudflare.com

One entry;  "03-Aug-2012 23:52 GMT stolen credit-card gang fraud sites: UNIQUEFRAUD.* "

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scout-vision.com; This is where the servers are truely hosted.

Hosted by Dreamhost, forwards to lgscout.com; Also home to a LOT of nasty
ML and other illicit activities.

Dreamhost is also vulnerable to and does not do much to protect the sites hosted there. Not the ideal place to host any kind of 'legitimate' security business.

http://www.whitefirdesign.com/blog/2012/03/09/dreamhosts-gross-negligence-to-blame-for-recent-hacks/

http://blog.cycle-interactive.com/?p=473

"hacked again - Time to leave Dreamhost?"
https://discussion.dreamhost.com/thread-130909.html

"Backdoor PHP script;
Independent security researcher Denis Sinegubko, who created the Unmask Parasites web scanner, looked at some of the compromised websites given as examples by Zscaler and determined that they all had a backdoor PHP script installed on December 26, long before the DreamHost breach. It might still be an infrastructure-wide compromise though, he said."


Summary;

Yea, I'd take the security advice of the guys giving the presentation very seriously. Being that they so obviously take the time to do their homework........

shame shame. Not really worth digging much more on these guys, as even the least informed pleb can see their agenda written all over their shoddy research.

Just read the executive summery of senate report on HSBC

http://www.hsgac.senate.gov/download/report-us-vulnerabilities-to-money-laundering-drugs-and-terrorist-financing-hsbc-case-history

If this is what the established banksters are allowed to get away with then bitcoin has nothing to worry about.

Yes. Less preaching to he choir, more practical ideas and action items (kudos to Gabi).

You got it right, they are based in Hollywood FL. Not in California.

now that's an interesting thought that hadn't even crossed my brainwashed mind.

Are we sure mtgox can't sue them for all the idiocies they said?

Wow, "threat"

"threat" for who? 

Ridicolous.

bingo

That's an interesting question. I am fof to spend some time with the family. I'ma dox this LG and their software this evening.


I'm miffed that 'security threat assessment of CHASE' and their buddies new software company could do any kind of finger pointing about AML......

You'd go blind if one were to do any sort of research on various banks and all the ML they have been busted with. One would assume for every one they get busted for, some number must go unknown as well..


JERKS! ;p

the question that came to my mind is can Looking Glass associate traffic btwn Silk Road and mtgox?

excluding Silk Road, how can they say Bitcoin is tied to other "criminal activity"?

watching now, noticed this comment; He is correct;  http://en.utrace.de/?query=visa.ca
I'm impressed at how he's complaining at 2:29 that MtGox is hosted as a "den of criminal activity". From my computer the IP address for mtgox.com is 72.52.5.81, while the IP address of visa.ca is 72.52.5.150... They're just both hosted by Prolexic, a very well known anti-DDoS specialist.


from Prolexic's website;
Home » Company » Contact Us

Contact Us
Worldwide headquarters
Hollywood, Florida USA

the guy said it was in "Miami".  you should watch it yourself and tell us what you think.

The particular server that mtgox.com is in Hollywood, FL

"The server IP Address is 72.52.5.67 and Mtgox.com resides on Prolexic Technologies in Hollywood, FL, United States."

Which is just outside of Ft. Lauderdale.

http://en.utrace.de/ip-address/72.52.5.67

I did nto watch the video yet. Did they use the hosted location as part of their spin?

Good to know

basically the logic these 2 guys give is this:

"we've identified a virtual currency we don't like.  most of the tx's go thru 5 service providers we've identified.  we've identified the majority of the tx's they process with our proprietary software that has "tagged" them as affiliated with organized crime and money laundering.  you know, the type y'all don't want to be associated with.  never mind how the software determines this.  trust us, you don't like it.  if you want to apply pressure to Bitcoin, stomp on these 5 sites."

turns to the CFR and says "now pay us our fee".

to the OP:  it's JP Morgan Chase, not Chase Bank.

the difference is non-trivial.  the infamous fair haired boy of Wall St, Jamie Dimon, runs JPM (the former investment bank blessed with US taxpayer backing); you know the bank that employed the famous London Whale, Bruno Iksil, who just happened to run up a multi billion dollar derivative bet to the tune of the just revealed $6B LOSS that they initially deceived the world to be just $2B under the nose of Jamie Dimon who said, "i'm sorry, i knew nothing about it  "  see, these guys make BILLIONS in bonuses for doing just what exactly?  not knowing what is going on but claiming great leadership justifying huge bonuses when things go right but no responsibility when things go wrong?

This is total bullshit.  Let's get a few definitions out of the way first.

Money laundering: any time you spend or transfer money without the ability for everyone to observe and record your identity and the full details of the transaction.
Illicit activity: what everyone does, every day.  There are so many laws on the books that everyone is a criminal, even the little old lady from Pasadena.

They are really stretching logic to try to make a few points.  They are trying to implicate MtGox in "illicit" activity just because their hosting provider happens to possibly host other sites which may engage in "illicit" activity.  Correlation does not equal causation.  Does anyone know if MtGox is even hosted out of Miami? 

Then they try to impress everyone with some sort of undisclosed algorithm/technology that they use to identify "hot spots" of "illicit" activity.  We're supposed to be impressed with these anuses because of their affiliation and their high-budget forum?  Like Holliday said, they are only afraid of allowing people the ability to engage in private, voluntary exchange.  Wasn't that the manner of all personal exchange 100 years ago?

Sponsored by the Council on Foreign Relations.  That's all you need to know.

A combination of FUD propaganda and an infomercial for Lookingglass.  The presenters didn't mention the distributed nature of the BTC network at all.  In fact they seemed to imply that BTC=MtGox, a total fallacy.

It's interesting that every mainstream reaction I've seen to BTC is that it's nothing but a tool of criminal activity.