@ladrx Evidently he was part of the original group. I honestly don't know how or what he did. But I am told he knew all the inner workings of the Paycoin scam as it was unfolding and failed to report his story to the authorities. Just as guilty in my book.
Oh, right, it's this guy, I remember him:
Michael J. Koerner (middle name Jonas apparently)
I think it's this one:
BoXHocK aka Jonas Hals
Ok, well that other guy is a dbag also
I'm pretty sure both are involved in that project (PO Box address in WI). And Mr. Koerner appears to have filed for bankruptcy in 2011 although someone with PACER access might want to verify that.
http://www.plainsite.org/dockets/ssorvnem/wisconsin-eastern-bankruptcy-court/michael-j-koerner/1 Koerner, Michael J. (db) wiebke 2:11-bk-32382 7 08/10/2011 09/30/2014 Standard Discharge 09/30/2014
2 Koerner, Michael J (db) wiebke 2:10-bk-38759 7 11/24/2010 05/18/2011 Dismissed for Abuse 05/18/2011
Dismissed for abuse?
1. A review of the Debtor’s amended income and his expenses demonstrates there is sufficient monthly income available to repay creditors.
2. The Debtor earns a net monthly income of $7,124.70 or $85,496.40 annually. (Docket No. 14, amended Schedule I).
3. The Debtor lists expenses of $5,795, which leaves $1,329.70 of excess income. (See Schedule J expenses and amended Schedule I, Docket Nos. 1, 14).
4. However, included in the Debtor’s expenses are costs of $1,650 for the support of his mother. The Debtor does not claim his mother as a dependent on his tax returns and there is no documentation of his support to her.
5. Even factoring in the support to his mother, the Debtor has ample funds available to repay creditors.
Then, three months later, he was able to get one through. In the later one, he started with a 13 and converted it to a 7.
He was able to do this because he was laid off. He had worked for three universities at the same time for 12 years, then laid off by all three at the same time. I wonder what he did to lose three jobs at once. He also claimed to "not anticipate employment in his future."