How to apply pressure to Mt. Gox to pay up. - page 2.

Atruk

hero member

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Quote from: greyhawk on July 23, 2013, 03:26:03 AM

How about flying over and running naked through their office wearing only an ammunition belt, a plethora of guns taped to several limbs, an RPG slung across the back and a raging hardon? That should work.

The last one is probably the important one. The armament pales in importance to the erection and can be done without.

31337157

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The Delaware option is not that expensive at all, especially if you are on the East Coast already. $15k is a great limit as well, we don't get that high of a ruling amount in CA.

It would cost the trip to Delaware and about $40 for the filing fee (give or take a few extra $10 fees im sure). Here's the link to the courts: http://courts.delaware.gov/JPCourt/index.stm

All the filing could be done online and all you would have to do is show up, hardly an effort if you have $15k waiting in Mt. Gox withdrawal land.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

I already opted to not use MTGOX anymore. Cancelled pending wires, bought BTC, and sent to offline wallet.

Gox is borderline ridiculous now. They claim withdrawals have been enabled yet 2+ weeks later after they re-enabled withdrawals they still dont have a single confirmed user who has had a successful withdrawal in any currency.

Unacceptable is the word to describe this.

becoin

legendary

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Quote from: Nagle on July 21, 2013, 12:39:35 PM

If Mt. Gox owes you a substantial amount of money, you can make them pay. You don't have to put up with their nonsense. They do not get to determine when and whether they pay up. It doesn't work that way in the real world.

That is correct, of course. But it is expensive. This is why most reasonable approach is class action lawsuit and it will pay back in a big way. You might try to organize it?

greyhawk

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How about flying over and running naked through their office wearing only an ammunition belt, a plethora of guns taped to several limbs, an RPG slung across the back and a raging hardon? That should work.

🏰 TradeFortress 🏰

vip

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👻

Quote from: codesuela on July 23, 2013, 02:58:47 AM

all of these options are probably more expensive then paying 5-10% over market for BTC (where market is an exchange other then gox) and selling them on another exchange

Yeah. These options would cost more (in time and money) instead of cancelling the withdrawal, buying BTC and selling it elsewhere.

codesuela

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all of these options are probably more expensive then paying 5-10% over market for BTC (where market is an exchange other then gox) and selling them on another exchange

Nagle

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Has anyone made a serious attempt to collect from Mt. Gox? There are ways to do this. I don't have any money with them, but I've had to do international collections before, for amounts in high six figures, and I got paid.

Here are some options:

Sue in Delaware. Mt. Gox has a legal presence in the U.S., in Delaware, as a result of their FinCen filing. So Mt. Gox can be sued there. Delaware has Justice of the Peace courts with jurisdiction up to $15,000. They even have online filing, although you may have to go to Delaware for the trial. Mt. Gox will either have to send someone to trial, or lose by default. You still have to collect on the judgement, but there are ways to do that.
Hire a collection agency in Japan. This isn't easy across the language barrier, but it's possible. Search with Google for 債権回収サービス ("Debt collection service"). It's useful to use Google Chrome with automatic translation enabled for this. Find a service that mentions that they do commercial collections, not just consumer collections. Here's the Japan Ministry of Justice's list of registered debt collection agencies.. There are ones that are not registered, but some are just Yazuka goons. (Although that might work, this is going to be a high-profile collection, and they don't want the visibility.) There are U.S. companies which claim they can collect in Japan, but most don't actually have a presence in Japan. Unless a US company has a Tokyo office of their own, they're probably wasting your time. The normal deal is that the collection agency gets a cut of what they collect, but you don't pay anything up front.
Raise hell in the financial press. Start calling reporters who have written stories about Bitcoin. Call Forbes, the Wall Street Journal, and Bloomberg BusinessWeek. Not just email - call them. Use words like "default" when talking to them.
File a complaint with the Japan Ministry of Finance under the Payment Services Act. Whether Mt. Gox likes it or not, they fall under the Payment Services Act in Japan, which regulates non-bank money transfer services. Japan has many such services; most of the cell phone companies offer money transfer, for example. They're required to maintain 100% of customer funds in a separate account, and the Financial Services Agency can audit this. The place to start is a Japanese consulate in the US or the Japan External Trade Organization. One of the major functions of consulates, especially ones of countries with big export trade, is to tell people how to deal with cross-border commercial problems.

If Mt. Gox owes you a substantial amount of money, you can make them pay. You don't have to put up with their nonsense. They do not get to determine when and whether they pay up. It doesn't work that way in the real world.

Topic: How to apply pressure to Mt. Gox to pay up. - page 2. (Read 3660 times)