Topic: Got off the phone with the Guy from the S.E.C - page 5. (Read 28540 times)

Of course, I would never go alone, but by bringing an identified lawyer may make them be 'hands off' with giving me information and possibly make me look suspicious.

I'd likely bring our in-house counsel and identify him as my advisor.

We have some friends in the SEC and gonna pull some strings to see who this guy's boss is and come from on top of him.

I just dont want the SEC spinning this into an anti-Bitcoin suit.

-Charlie 

Being that you have a real business that is successful, being proactive is a good suggestion.  I would bring an attorney if possible or at least have one on call that can be available and do a little coaching before you show up.

 They would probably call you a co conspirator with glbse because you both use bitcoins 

Take a Lawyer or 5, lol cause everyone in that building is lawyer/investigator lol 1 wrong word any you could you could be in a world of hurt

I have a close friend who works a investigator for the local sheriff, they will always ask some questions they know the answer to, they just want to see if you lying to cover something up at first. So yes being sneaky is part of every investigation, they will be friendly with you so you feel at ease. The whole thing behind this is the VAST majority of us are just trying to do business and be left alone. We do not commit crimes against anyone, or anything so the community as a whole should be alright. It saddens me to see them going after Glbse, its a great tool. I have said this before and I will say it again...... U.S. Gov is watching this site... every part.... BFL's mess was public here and guess what they read it.  There is a ton of interns working in this office, how do I know? I called the guy back last night to ask him to join the forum, but I called the dispatch. She said asked who I can connect you to, I said the guy with the intern, I can not remember his name. She chuckled at me and told me there was 100's of interns there lol. My guess is a couple of these interns job is to read this forum and pick out possible "scams". So if you read this say "Hi" don't be shy LMFAO.

While you are there ... ask them why nobody was charged in MF Global robbery ... just in passing.

I don't think he's "sneaky".  Trying to work out who's connected to what is pretty much standard for any investigation.  pirate pass-throughs were listed on GBLSE, so the role of both the PPT operators and GBLSE itself in pirate's operation is bound to come under scrutiny.  Even seemingly unconnected things could be connected, so no investigation is going to dismiss information about other apparent ponzis or enterprises in which the operators have "cut and run" out of hand just because they're not connected at first glance.  They're going to look for any common points and common people.

I think that anyone who looks like they can provide key information which may be vital to a future prosecution needs to realise that they may find themselves on the receiving end of a subpoena at some point, though, and that those who facilitated the flow of funds to pirate probably have the most to worry about in that regard.  

pirate's venture was being openly promoted here when it was thought that he was laundering funds for Silk Road or other illegal enterprises, so there are larger issues involved than him simply operating a possible ponzi.  To an investigator, this place must look like a haven not just for scammers, but also for those looking to attract funds for and from other illegal ventures.  Any investigation into pirate's activities is going to raise questions about other people and other ventures which promote themselves here - that's a given.

Ask him about http://empireavenue.com while youre there 

It is a gray area, but I think it is a gray area that can work for us, I don't think anyone believes if the currency exchanges aren't doing there job, that everyone else should be punished. To be honest if paypal can weather all it's laundering, it was being used by the russian mafia, I think bitcoins can too!

Why not, maybe he just likes bitcoins.

This SEC guy is sneaky

Maybe I should go down and meet him. Not sure if its a good idea.

What do you think ?

I will tell you how in the hell I am concluding that, because it is the same principle as using second life or World of warcraft, the money is virtual. The laundering starts with currency exchanges and if those exchanges are not following proper laundering laws, then they should be the ones that take the fall. While yes we are funding projects thru that exchange, we are not giving them viable funds, they have to in turn cash those out, bitcoin to bitcoin can't be held under laundering laws since it is already anonymous.

Same reason BFL was, the guy mentioned us in passing when asking about pirate.

So why was GLBSE brought up in this topic ?

Not every company is able to up and move, or keep its location hidden the way a bitcoin one can. And unless they stay out of the banking system completely this just isn't an option.

Look at GLBSE, we have to register otherwise the tax men will be coming after me.

Plenty of bitcoin companies are registered and they cant raise bitcoins by listing on any current stock exchanges and unless bitcoin is going to remain a niche internet currency at least some companies are going to have to interface with the greater economy.

I don't think any companies should be listed with government agencies.  Staying fluid is the best option.

And this is why it's a gray area.

GLBSE is a pretty crappy way to launder money. As anyone who uses it can tell you the liquidity is terrible.

How the hell are you concluding that?  By Nefario's own statements, it's FSA regulations he needs to worry about in the UK and the FSA is very much in the business of both preventing and prosecuting the use of financial services for money-laundering and other financial crimes.  They regulate financial services markets, exchanges and companies.  That GLBSE doesn't deal in cash is irrelevant to whether or not it is deficient in respect of AML/CTF legislation.  It's absolutely possible to launder money or finance terrorism without ever involving cash - you just keep trading things of value for different things of value.

Pretty much all FATF member countries require that financial service providers be AML/CTF compliant, and that means verifying the identity of their customers at the very minimum.  In the case of stock exchanges, it requires collecting large amounts of information about the stocks being offered and who is behind them.

If all else fails run it behind tor like silk road. Although that reduces the useability a lot.