I haven't heard or found anything on it any newer than what you have. The only document I've seen that has a newer date on is this https://ccrjustice.org/sites/default/files/attach/2019/04/75%20Ps'%20Reply%20in%20Supp.%20Motion%20to%20Amend%202019.02.13.pdf but there is no new information on it. I was never in direct contact with the plaintiffs but Brandon Gordon might be the only way to get an update.
Zach hasn't really responded to anyone that new him before he started Lab Rat Mining since things really started going south.
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement II (Read 4144 times)
October 30, 2020, 02:43:46 PM
August 25, 2020, 10:49:26 PM
Anyone know where this ended up? This is just curiosity at this point.
I have done a little googling and found this: https://casetext.com/case/gordon-v-zachary-dailey-lab-rat-data-processing-llc-2 Which shows court proceedings were still ongoing as the court denied Zachary's motion to dismiss the claim. Not sure what happened after that.
It also looks like the lab_rat account continued posting in 2018 and looked to be promoting some sort of crypto currency operation. Not sure what that is all about: https://bitcointalksearch.org/user/labrat-70379 Is Labryan Ratcliff = Zachary Dailey?
Also this: https://cryptomaa.com/scam-alert-beware-of-scammer-in-bitcointalk/
I have done a little googling and found this: https://casetext.com/case/gordon-v-zachary-dailey-lab-rat-data-processing-llc-2 Which shows court proceedings were still ongoing as the court denied Zachary's motion to dismiss the claim. Not sure what happened after that.
It also looks like the lab_rat account continued posting in 2018 and looked to be promoting some sort of crypto currency operation. Not sure what that is all about: https://bitcointalksearch.org/user/labrat-70379 Is Labryan Ratcliff = Zachary Dailey?
Also this: https://cryptomaa.com/scam-alert-beware-of-scammer-in-bitcointalk/
August 14, 2018, 10:37:04 PM
I've given up any hope of it going anywhere (getting any funds back)... But would love to know what ever did happened... I can't believe how long it has been going on for!
August 13, 2018, 11:42:54 PM
Has anyone seen anything newer than these articles.
https://www.coindesk.com/bitcoin-mining-fraud-lawsuit-moves-forward-new-jersey/
https://www.ccn.com/judge-finds-federal-jurisdiction-bitcoin-investment-lawsuit/
https://www.coindesk.com/bitcoin-mining-fraud-lawsuit-moves-forward-new-jersey/
https://www.ccn.com/judge-finds-federal-jurisdiction-bitcoin-investment-lawsuit/
November 27, 2016, 05:32:12 PM
I just did a quick google search and came back with this link from 06/20/16:
https://casetext.com/case/gordon-v-zachary-dailey-lab-rat-data-processing-llc
and this link from 06/22/16:
http://www.njlawjournal.com/id=1202760704493/Bitcoin-Investors-Lawsuit-in-Jurisdiction-Limbo?slreturn=20161027173054
https://casetext.com/case/gordon-v-zachary-dailey-lab-rat-data-processing-llc
and this link from 06/22/16:
http://www.njlawjournal.com/id=1202760704493/Bitcoin-Investors-Lawsuit-in-Jurisdiction-Limbo?slreturn=20161027173054
November 27, 2016, 02:38:08 PM
I've looked around but haven't found anything on it. I've looked at inforuptcy.com multiple times like smracer had said but didn't find anything there either.
Bump. Everyone given up? any news?
November 21, 2016, 07:33:13 PM
Bump. Everyone given up? any news?
September 29, 2015, 01:21:30 PM
Nothing much has happened. I have been watching www.inforuptcy.com but nothing has really happened. The liquidation attorney has no idea what she is selling and all of Labrat's equipment will sell for nothing and she will never find the coins that Zach siphoned off for himself.
I just hope he goes to prison.
I just hope he goes to prison.
September 29, 2015, 12:04:58 AM
Bump... Has everyone given up?
Any news from the litigation?
Any news from the litigation?
Does anybody have any news?
September 07, 2015, 11:35:19 AM
Does anybody have any news?
July 24, 2015, 09:48:54 AM
I think once they saw his mickey mouse operation, they terminated his position.
The bankruptcy trustee has been appointed and she is taking $375 an hour for her work.
There will be nothing left for any of us unless they can find the coins Zach has hidden from the BFL refund and the miners he was pointing to other pools that we do not know about.
The only people that will see any money are the lawyers and hopefully Zach sees a prison cell for defrauding all of us.
The bankruptcy trustee has been appointed and she is taking $375 an hour for her work.
There will be nothing left for any of us unless they can find the coins Zach has hidden from the BFL refund and the miners he was pointing to other pools that we do not know about.
The only people that will see any money are the lawyers and hopefully Zach sees a prison cell for defrauding all of us.
Do you know is she is trying find those coins?
And what will happen to that LRM lawsuit against BFL?
July 23, 2015, 11:45:58 AM
I think once they saw his mickey mouse operation, they terminated his position.
The bankruptcy trustee has been appointed and she is taking $375 an hour for her work.
There will be nothing left for any of us unless they can find the coins Zach has hidden from the BFL refund and the miners he was pointing to other pools that we do not know about.
The only people that will see any money are the lawyers and hopefully Zach sees a prison cell for defrauding all of us.
The bankruptcy trustee has been appointed and she is taking $375 an hour for her work.
There will be nothing left for any of us unless they can find the coins Zach has hidden from the BFL refund and the miners he was pointing to other pools that we do not know about.
The only people that will see any money are the lawyers and hopefully Zach sees a prison cell for defrauding all of us.
July 22, 2015, 11:32:09 PM
Does anyone know Zachs associations with CoinSeed. I was looking for info on the bankruptcy and found this. Multiple sites agree:"As part of infrastructure development efforts, CoinSeed has hired Zach Dailey, founder of LabRatMining, to lead their technical deployment."
http://www.businesswire.com/news/home/20140123006299/en/CoinSeed-Invests-5-Million-BitFury-Bitcoin-Mining#.VbBqW53n_x4
http://www.coindesk.com/coinseed-5m-investment-bitfury-mining/
http://imaginarymarkets.com/bitcoin-and-financial-entities/
http://bitcoinnewsboard.com/tag/coinseed/
CoinSeed on bitcointalk.org
https://bitcointalksearch.org/topic/annseed-seedcoin-new-road-map-795954
Looks like it was a failed coin.
http://www.businesswire.com/news/home/20140123006299/en/CoinSeed-Invests-5-Million-BitFury-Bitcoin-Mining#.VbBqW53n_x4
http://www.coindesk.com/coinseed-5m-investment-bitfury-mining/
http://imaginarymarkets.com/bitcoin-and-financial-entities/
http://bitcoinnewsboard.com/tag/coinseed/
CoinSeed on bitcointalk.org
https://bitcointalksearch.org/topic/annseed-seedcoin-new-road-map-795954
Looks like it was a failed coin.
July 22, 2015, 11:04:45 PM
Meeting of Creditors:
Date: July 7, 2015 Time: 02:00 PM
Location: Clarkson S. Fisher Federal Courthouse, 402 East State Street, Room 129, Trenton, NJ 08608−1507
There is a meeting for the creditors on July 7. We will know more after that.
smracer, have you heard anything else about this or is there a site that is tracking this?Date: July 7, 2015 Time: 02:00 PM
Location: Clarkson S. Fisher Federal Courthouse, 402 East State Street, Room 129, Trenton, NJ 08608−1507
There is a meeting for the creditors on July 7. We will know more after that.
Thanks
July 10, 2015, 11:24:18 AM
So has anybody heard anything about LRM or Zach or will one just walk away with all of our funding and hardware in hand??
June 27, 2015, 02:48:46 PM
I don't know if any of the MegaBigPower was ever counted on the website. The previously listed bonus hashrate was before the deal was completed with MegaBigPower. I believe that is where the BFL BTC was going for the "big increase hashrate" that was promised. Although at least one contract holder posted that they had been paid out of their contracts by labratmining.
Public Note: Payment from MegaBigPower
Spam payment: Public Note: SPECIAL OFFER ! SEND NOW 0.01 TO THIS WALLET AND GET 0.02 INSTANT ! OR SIMPLY CHOSE ANY MUTIPLIER & BTC AT XmyBTC.COM - ( this offer is valid one time only )
Public Note: Payment from MegaBigPower
| 6/1/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.72897958 | BTC |
| 5/31/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71115541 | BTC |
| 5/30/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71266705 | BTC |
| 5/29/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71471159 | BTC |
| 5/28/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 3.1779119 | BTC |
| 5/27/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7241685 | BTC |
| 5/26/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.866026 | BTC |
| 5/25/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.86602634 | BTC |
| 5/24/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7151333 | BTC |
| 5/23/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71873353 | BTC |
| 5/22/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71301428 | BTC |
| 5/21/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7174317 | BTC |
| 5/20/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71636589 | BTC |
| 5/19/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7219792 | BTC |
| 5/18/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.72746767 | BTC |
| 5/17/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.72443155 | BTC |
| 5/16/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.73934985 | BTC |
| 5/15/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74986531 | BTC |
| 5/14/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74511965 | BTC |
| 5/13/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.742663 | BTC |
| 5/12/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74459844 | BTC |
| 5/11/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.71012581 | BTC |
| 5/10/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7157602 | BTC |
| 5/9/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.73205942 | BTC |
| 5/8/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74916571 | BTC |
| 5/7/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74297895 | BTC |
| 5/6/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74421802 | BTC |
| 5/5/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.74168722 | BTC |
| 5/4/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.73736282 | BTC |
| 5/3/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.73401927 | BTC |
| 5/2/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.7441043 | BTC |
| 5/1/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.12234263 | BTC |
| 4/30/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.12107959 | BTC |
| 4/29/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.11162851 | BTC |
| 4/28/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.07517596 | BTC |
| 4/27/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.1091137 | BTC |
| 4/26/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.12496068 | BTC |
| 4/25/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.12724642 | BTC |
| 4/24/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.13012901 | BTC |
| 4/23/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.10574719 | BTC |
| 4/22/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.11439979 | BTC |
| 4/21/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.05576245 | BTC |
| 4/20/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.04880521 | BTC |
| 4/19/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.94280318 | BTC |
| 4/18/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.08331628 | BTC |
| 4/17/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.08357566 | BTC |
| 4/16/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.09339964 | BTC |
| 4/15/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.08143225 | BTC |
| 4/14/2015-19:00 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 1.08745866 | BTC |
| TOTAL | 44.94775827 | BTC |
| 5/25/2015-22:25 | 1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT | 0.0001 | BTC |
June 27, 2015, 02:17:12 PM
Based on the listed bonus and current hashrate and value the business should have been bringing in ~$10k a month. What were the operating expenses?
http://thedarkrealms.com/images/temp-stuff/temp/btc/labrat_hashing_value.png
Turned my image into a link as bitcointalk.org made it an invalid image.
http://thedarkrealms.com/images/temp-stuff/temp/btc/labrat_hashing_value.png
Turned my image into a link as bitcointalk.org made it an invalid image.
June 26, 2015, 03:39:01 PM
Meeting of Creditors:
Date: July 7, 2015 Time: 02:00 PM
Location: Clarkson S. Fisher Federal Courthouse, 402 East State Street, Room 129, Trenton, NJ 08608−1507
There is a meeting for the creditors on July 7. We will know more after that.
Date: July 7, 2015 Time: 02:00 PM
Location: Clarkson S. Fisher Federal Courthouse, 402 East State Street, Room 129, Trenton, NJ 08608−1507
There is a meeting for the creditors on July 7. We will know more after that.
June 26, 2015, 02:34:02 PM
Wonder what is going to happen now they filing for it no doubt same situation as mtgox nothing.
June 26, 2015, 12:44:11 AM
Has anyone received any update at all on this?
a2offrb, I don't know that anyone knows the total but per labratmining.com the bonus hashrate was listed at "135 TH/s *** Private pool live stats not yet available ***".
What was listed in the bankruptcy list doesn't seem like enough hardware to cover that (I don't know all the hardware that well).
NJ Location:
Should there be a list of contract holders on the bankruptcy? Does not having them benefit or hurt us? Not legal, so I don't know.
a2offrb, I don't know that anyone knows the total but per labratmining.com the bonus hashrate was listed at "135 TH/s *** Private pool live stats not yet available ***".
What was listed in the bankruptcy list doesn't seem like enough hardware to cover that (I don't know all the hardware that well).
NJ Location:
- 20 racks@ $80 each
11 x 12 port powered usb switches
47 power strips
100 box fans @ $5 each
20 TP-Link 8 Port Switches @ $30 each
21 Bitfury version 3 M-Boards
252 Bitfury version 3 H cards
5 ZeusMiner Thunder @ $2000 each
144 v5 h-cards @ $1 .50 each
15 Laptops @ $100 each, 2 x 5 ton A/C units
4 x 2.5 ton split units
1 Mushroom vent
- 8160 v5-h cards @ $8.58
170 v6 m-boards @ $1.50 each
170 Raspberry Pi & SD @ $37.50 each
170 Periph -> USB cables @$6.46
510 PSUs & Adapter Cables @ $53.98
Should there be a list of contract holders on the bankruptcy? Does not having them benefit or hurt us? Not legal, so I don't know.
June 21, 2015, 08:08:52 AM
I've just reported to moderators to open the LR's last thread as Zach just tries to avoid answering about companies asset distribution in hope just to keep all the hardware and so on... disappointing.
June 18, 2015, 06:46:27 AM
Anyway, doesn't matter what LR say - crashing is totally his fault.
Can someone calculate hashrate that was owned by LR?
And is there any way to make claim for get any hardware/btc from LRM?
Can someone calculate hashrate that was owned by LR?
And is there any way to make claim for get any hardware/btc from LRM?
June 18, 2015, 05:11:02 AM
Shockingly bad form from LR (or it would be shocking if all BTC securities didn't end this way).
Zero information supplied by LR to the so-called contract holders. Missing equipment, missing funds.
Zero information supplied by LR to the so-called contract holders. Missing equipment, missing funds.
June 17, 2015, 10:17:18 AM
I just thought I would start a new thread so that we could have a place to put all of the information from LabRat's lawsuit and Bankruptcy proceedings since Zach locked the original thread.
A link to the bankruptcy filing.
https://www.scribd.com/doc/268740142/Lab-Rat-Voluntary-Petition-for-Bankruptcy?secret_password=9yPmEXYPHeZHA6n8qHFo
Labrat's final post on his thread:
The very first discussion was that I would scoop 25% as my personal share of which I intook on average $60k a year when working 100 hour weeks. That averages about $10/hr. This is before Uncle Sam's 30-35% cut of it. The company paid out a couple million in distributions so my personal cut was less than 10% BEFORE taxes. The down payment on my house was pretty well solely from a trust fund my father left me when he DIED so please dont go spreading FUD. Also no fraud was found within my company on the multiple times it was professionally or otherwise investigated.
Thanks,
Zach
I find it interesting that no Bitcoins are listed as assets in the Bankruptcy filing. What happened to the 500+ BTC that Zach got as a refund from BFL?
Here is the address that Zach used to receive payments from MegaBigPower and to send out dividends
1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT
It had 20 coins in there yesterday but now they are gone.
A link to the bankruptcy filing.
https://www.scribd.com/doc/268740142/Lab-Rat-Voluntary-Petition-for-Bankruptcy?secret_password=9yPmEXYPHeZHA6n8qHFo
Labrat's final post on his thread:
The very first discussion was that I would scoop 25% as my personal share of which I intook on average $60k a year when working 100 hour weeks. That averages about $10/hr. This is before Uncle Sam's 30-35% cut of it. The company paid out a couple million in distributions so my personal cut was less than 10% BEFORE taxes. The down payment on my house was pretty well solely from a trust fund my father left me when he DIED so please dont go spreading FUD. Also no fraud was found within my company on the multiple times it was professionally or otherwise investigated.
Thanks,
Zach
I find it interesting that no Bitcoins are listed as assets in the Bankruptcy filing. What happened to the 500+ BTC that Zach got as a refund from BFL?
Here is the address that Zach used to receive payments from MegaBigPower and to send out dividends
1NvW5bx9TzK86vgP8bPEkDuEapH4poEqvT
It had 20 coins in there yesterday but now they are gone.
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