After a long smear campaing against Usagi's business, Eskimobob decided that it was time to show off his talents for the Bitcointalk forum. Eskimobob had given up the old pyramid scheme to sell imaginary tokens!
https://bitcointalksearch.org/topic/art-issue-the-mug-004-included-crowdfunding-the-project-102010Some of my friends are planning to set up their own art studio. To make it happen, they need to buy very specific equipment. (...) Plan is to sell virtual Support Tokens. Please, do not confuse this with a security. It is not. (...) Yes, we can have really bad months and earn close to nothing. Summer can be the worst time because pole are on long vacations. (...) So, The Plan is to rise about 15K EUR worth of crowdfunding and for that, we are selling up to 34 000 virtual Support Tokens.
This proposal is blatantly inconsistent and fraudulent. A close reading of Eskimobob's posts reveals the intention to defraud the potential investors. For example:
I think here you got it wrong. I do not run assets-otc and business I run is not illegal. My business in NOT selling the tokens. BTW, GLBSE was a
only a market. All the
stuff sold there was not legal in USA - basically everything offered in this forum. (...) I think we need to remove the promise to share profits and this will fix the problem. BTW, this "problem" will be eliminated soon by
Jumpstart Our Business Startups ActNotice the last sentence where Eskimobob affirms that 'this "problem" will be eliminated soon by Jumpstart Our Business Startups Act'. The problem cited by Eskimobob regards the method to share the profits. He is deceiving the potential investors into believeing that the USA federal government will secure the financial instrument he is offering. At the same time, he is indirectly proposing to investors that his enterprise will be fully supported by USA laws. This proposal is deceitful because Eskimobob does not reside in USA territory.
The two last paragraphs of the contract offered by Eskimobob are remarkable:
https://bitcointalksearch.org/topic/art-issue-the-mug-004-included-crowdfunding-the-project-102010.msg1285534#msg1285534D. FORCE MAJEURE
1. Issuer or manager(s) shall not be liable for any failure to perform its obligations where such failure is as a result of Acts of Nature (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, invasion, act of foreign enemies, hostilities (whether war is declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalisation, government sanction, blockage, embargo, labour dispute, strike, lockout or interruption or failure of electricity [or telephone service], and no other Party will have a right to terminate this Agreement under Clause 19 (Termination) in such circumstances."
2. Any Party asserting Force Majeure as an excuse shall have the burden of proving that reasonable steps were taken (under the circumstances) to minimize delay or damages caused by foreseeable events, that all non-excused obligations were substantially fulfilled, and that the other Party was timely notified of the likelihood or actual occurrence which would justify such an assertion, so that other prudent precautions could be contemplated.
In other words, Eskimobob included in the contract terms which have no meaning for the financial instrument he is offering. He is offering a term which only protects him: 'Issuer or manager(s) shall not be liable...'. Then he proceeds to commit a mistake: 'Any Party asserting Force Majeure as an excuse shall have the burden of proving..". These terms are contradictory. This is a fraudulent term which allows him to refute full liability for any loss incurred in his management with a shallow excuse: 'interruption or failure of electricity...'
Eskimobob plagiarized the last paragraphs of his contract from a sample published in Wikipedia:
http://en.wikipedia.org/wiki/Force_majeureThis is Eskimobob's first message, an advertisement full of enthusiasm about his mining pool! He invited the readers to participate in this new fair share enterprise, guaranteed by the participation of 8 fictional members.
It turned out that the fair share enterprise was similar to a pyramid scheme. The developer of the Triplemining enterprise was even caught with stolen data:
https://bitcointalksearch.org/topic/tripleminingcom-ponzi-scheme-pyramid-26549BTW: You stole that banner from Panda, lol. You even leeched off his photobucket account. But I guess parasites will find a shortcut for everything.
This is Eskimobob twitter account:
https://twitter.com/Krokodill_GKrokodill Geena
@Krokodill_G
I am the best thing that ever happened to your spam infested timeline. #Bitcoin #innovation #economy #technology #foss. BTW. I am filthy rich and good looking
Krokodill Gena's favorite hobby is to produce spam. He also appreciates playing poker as a passtime:
http://www.intellipoker.ee/leagues/Open-League/leaderboard?username=Krokodillg&user_id=3110394&month=-2http://lv.donkr.com/Poker/Tournament/569323030http://www.intellipoker.com.br/leagues/Open-League/leaderboard?username=Krokodillg&user_id=3110394Krokodill Gena is apparently living in Estonia:
http://www.amur.eu/user/KrokodillG.htmlName Krokodill Gena
City Tartu
Country Estonia
University Tartu Ülikool (TÜ)
Education выcшee oбpaзoвaниe
Krokodill Gena is also known as Tundmatu Sõdur (Unknown Soldier):
http://www.minut.ee/comments.pl?sid=91657&cid=108508Re:Esimene Eestis, kes BTC kasutusele võttis?
by Tundmatu Sõdur 15:43 2. juuli, 2011 (#108508)
Esimene blokk on leitud! BTC kantakse kõigile laiali, kes osalesid
https://krokodill.triplemining.com/ kaevandamises.
Tundmatu Sõdur
Lives in Kesklinn
He is a student at an institute of history and archaeology:
http://ut-ee.academia.edu/TST S
University of Tartu, Ajaloo ja arheoloogia instituut, Faculty Member
