The other thing I see a lot of folks, talking about whether the tokens are worthless or not, but screw that isn’t the fact that many bought into the scheme because of the slick lies filled website and the appearance of a ligit company with the fake testimonials, fake employees, fake constumets, fake awards etc. Isn’t that enough to convict the guy of some kind of fraud EVEN if the tokens have some value in the end?
Yes, yes it is, more than enough. But in Jawad's mind, according to the smack-talk he was giving Ish about Nic's 3BTC purchase, only security investments have protection, which is complete and utter bollocks.
https://clyp.it/h1nan1uzFrom Nic's perspective, there's no case he did it by himself and even if he gets something from vanbex after the issue of bad faith. .. .finally there's the purchase agreement. . .which he had to read . . .the final part of that is that it wasn't an investment vehicle so he doesn't have any security protection at all, so he's basically holding his dick next to a fan blade
Even if we were to ignore the 400lb gorilla in the room, which is the fact this 'crowdsale' absolutely qualifies as an investment security, Jawad appears to be somewhat ignorant of the buyer protection laws in the UK which clearly define the criminal nature of fraudulent misrepresentation.
http://www.which.co.uk/consumer-rights/regulation/misrepresentation-act-1967Fraudulent misrepresentation
A fraudulent misrepresentation occurs when someone makes a statement that -
they know is untrue, or,
they make without believing it is true, or,
they make recklessly (i.e. that person does not care about whether the statement is true or not).
It isn't as if either Jawad or Phil could claim to have been unaware that Razormind did not have 260+ staff and offices in dozens of locations around the globe. They perpetrated this fraud in full knowledge of the fact they were misrepresenting their twenty-quid online UK incorp as a serious corporate entity of sizeable scope and scale in order to fool people into believing DeOS and DEOS were part of a substantial commercial project.
Couple that in with the endless comparisons with Ethererum, ETHERS and The DAO and it is absolutely clear they were intending to mislead people into buying in to their 'crowdsale' ICO through falsely implying an equivalence that simply isn't true.
