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Topic: [GLBSE] BDT - 3% weekly interest bond, backed by Bitdaytrade - page 7. (Read 57962 times)

sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
Alberto sent 50 additional BTC, which I will soon distribute. He asked me to relay that he is working hard on obtaining more, which I hope will soon follow.

At least he is still trying. 
donator
Activity: 2058
Merit: 1054
Alberto sent 50 additional BTC, which I will soon distribute. He asked me to relay that he is working hard on obtaining more, which I hope will soon follow.

Update Jan 27 2013: Sent, http://blockchain.info/tx/cf12de9dd02e04a3eea509146c261fc9bc5548ff88eb75a90cb592a10b4778f8. Counts as $0.12 per bond, $11.5656 remaining.
hero member
Activity: 486
Merit: 500
Is this guy in jail yet?
legendary
Activity: 906
Merit: 1002
Quote
I will bring your feedback to his attention and see if he has any ability to expedite the plans or to affirm his intention to go along with them

Like his word would count anything anymore... He missed several of his own deadlines. Maybe he should let actions follow his words and start to pay some more significant amounts...
donator
Activity: 2058
Merit: 1054
I will not accept this. I've set my personal deadline in this case. After the deadline without significant and reliable progress in repayment, irreversible action will be taken without further announcement.
I'm trying to work towards people getting back as much of the debt as possible. Can you explain what your proposed course of action would accomplish?

I appreciate your efforts. But I think they lack effectiveness. As my expectation of repayment of any significant proportion of the funds decreases, the importance of holding the fraudster liable increases regardless of a possible influence on the chances of repayment.
Alberto can still stick to his words and implement a more reliable repayment schedule. But I certainly will not watch the current delaying game go on forever.
There are some plans he told me about, I will bring your feedback to his attention and see if he has any ability to expedite the plans or to affirm his intention to go along with them.
legendary
Activity: 1153
Merit: 1012
He negotiated debt relief (fixed USD/BTC exchange rate) based on empty promises. If he ever pays any significant amount it will be certainly only at a much higher USD/BTC exchange rate - allowing him to retain most of his fraudulently obtained BTC.
This argument makes no sense. The USD/BTC exchange rate can either go up or down. Fixing the debt at a given USD/BTC rate is the logical thing to do, not having done that sooner was a mistake.

It makes perfect sense, since Alberto did not agree or does not comply to a reliable repayment schedule. So (if he does at all) he will repay only if the exchange rate is in his favor.

I will not accept this. I've set my personal deadline in this case. After the deadline without significant and reliable progress in repayment, irreversible action will be taken without further announcement.
I'm trying to work towards people getting back as much of the debt as possible. Can you explain what your proposed course of action would accomplish?

I appreciate your efforts. But I think they lack effectiveness. As my expectation of repayment of any significant proportion of the funds decreases, the importance of holding the fraudster liable increases regardless of a possible influence on the chances of repayment.
Alberto can still stick to his words and implement a more reliable repayment schedule. But I certainly will not watch the current delaying game go on forever.
donator
Activity: 2058
Merit: 1054
He negotiated debt relief (fixed USD/BTC exchange rate) based on empty promises. If he ever pays any significant amount it will be certainly only at a much higher USD/BTC exchange rate - allowing him to retain most of his fraudulently obtained BTC.
This argument makes no sense. The USD/BTC exchange rate can either go up or down. Fixing the debt at a given USD/BTC rate is the logical thing to do, not having done that sooner was a mistake.

I will not accept this. I've set my personal deadline in this case. After the deadline without significant and reliable progress in repayment, irreversible action will be taken without further announcement.
I'm trying to work towards people getting back as much of the debt as possible. Can you explain what your proposed course of action would accomplish?
legendary
Activity: 1153
Merit: 1012
As it turns out again, Alberto's word is worth nothing.

He negotiated debt relief (fixed USD/BTC exchange rate) based on empty promises. If he ever pays any significant amount it will be certainly only at a much higher USD/BTC exchange rate - allowing him to retain most of his fraudulently obtained BTC.

I will not accept this. I've set my personal deadline in this case. After the deadline without significant and reliable progress in repayment, irreversible action will be taken without further announcement.
donator
Activity: 2058
Merit: 1054
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
Anything new?
sr. member
Activity: 353
Merit: 251
Alberto has paid additional 25 BTC, and says more should come soon.

In other news, I got a full list of bondholders from Nefario. A few payment addresses are still missing which I am working on reconstructing by mailing the bondholders. In a few days I should finish integrating the new data and dispense the latest payment to previously and newly confirmed bondholders.

Good to hear Meni, at least the GLBSE part will be behind us.
donator
Activity: 2058
Merit: 1054
Alberto has paid additional 25 BTC, and says more should come soon.

In other news, I got a full list of bondholders from Nefario. A few payment addresses are still missing which I am working on reconstructing by mailing the bondholders. In a few days I should finish integrating the new data and dispense the latest payment to previously and newly confirmed bondholders.
legendary
Activity: 1153
Merit: 1012
To sum up the current situation:

The scammer Alberto Armandi got effective debt relief from Meni by negotiating a fixed BTC exchange rate at $12 on his promise to pay back funds on a reliable schedule.

The scammer Alberto Armandi promised on or before 5th of December to repay BTC 200 within a week.

The scammer Alberto Armandi has payed BTC 100 so far.

The scammer Alberto Armandi has promised to pay a further BTC 150 within a few days.

Until now, the scammer Alberto Armandi has not payed.

The scammer Alberto Armandi threatens to use funds owed for his legal defence.
sr. member
Activity: 278
Merit: 250
Today I went to the police station and report him for fraud!

This will only slow down debt repayment process as i will have to eventually allocate funds for legal defense/attorney.

You're looking at it all wrong.

If you *hurry up* and make good on your debt, you won't have to hire an attorney. 

Paying sooner is what will save you money.


legendary
Activity: 906
Merit: 1002
Today I went to the police station and report him for fraud!

This will only slow down debt repayment process as i will have to eventually allocate funds for legal defense/attorney.

Or maybe you show some good faith and pay back a more significant amount. 2% dept repayment in like 4 months aint much considering all the cutbacks we accepted. (no 3% weekly interest, redenomination in USD with a pretty low exchange rate) Im sure BTCGOLD will back down.
sr. member
Activity: 287
Merit: 250
Today I went to the police station and report him for fraud!

This will only slow down debt repayment process as i will have to eventually allocate funds for legal defense/attorney.
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
Today I went to the police station and report him for fraud!

I hope not, because he (maybe?) looks like he is committing to paying back the debt.
sr. member
Activity: 958
Merit: 256
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Today I went to the police station and report him for fraud!
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
All I want for Christmas (or Hanukkah) is my BDT coins  Embarrassed
donator
Activity: 2058
Merit: 1054
50 BTC more received, 0.01 BTC per bond sent (counts as $0.12).

PS. To all whom it may concern, 17mE6CjNxCKn51yAQuVx3ERq1qT5uYyRLr is an address in my Bitcoin-qt wallet and the main address I use to receive payments from Alberto. I send funds from Bitcoin-qt (not necessarily the same coins) to my blockchain.info address 14ubeus6MbjWqy13x2uFPS6XFUyE92ty96 to be used with sendmany.

Thanks for handling this, Meni!

Nevertheless I remain highly skeptical if this is the beginning of a happy end to the whole story. Too many broken promises by A.A. in the past.
I tend to agree, but let's see where this is going.
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