Topic: LEGAL COURSE of ACTION Discussion --- bASIC / BitcoinASIC - page 2. (Read 21277 times)

I'd probably complain once or twice and then let that one go as it's not enough to lose sleep over.

The exchange rate I got was $47.78 btw.

Tom answered me via email again. He states, he will pay me on 22nd. Lets see what happens. Thats the last time I am willed to wait, after that i will pursue legal action.

Absolutely what it sounds like. Instead of the karma thing, it sounds more like he has fear. In all reality, it's probably not fear of being sued either. It's probably more along the lines he's afraid someone's going to hurt him or his family physically in a permanent way.

Anyone think it is coincidental that he is mining around 60Ghs? Who thinks he took preorder money and bought an Avalon lol

I think that's exactly what happened...

Perhaps he waited until he saw that legitimate legal action was being organized.  Then he had an "oh ****, better do something about this before I'm sued" moment.

If you guys will notice, he just ignores me. I've said that he needs to post a list of refunds that are owed. And pointed out, that he won't and that it is easier to refund the people complaining in the thread. Why should he refund people that aren't complaining or threatening to sue him? He might get lucky and keep $50k for all of his investments he made into R&D.

To prove the point, the look right above my post at all the people with lots of ? in their threads asking where their refund is because they still have nothing. Unfortunately for them, they weren't complaining while CP was doing his last couple of refunds.

Over 1000 BTC? Maybe, but transaction ID's sure would make it more believable.


I don't know what kind of karma you believe in. I don't it's any kind of Hindu or Buddhist karma, but probably more a Hollywood style karma. It doesn't really matter which one you believe in, but eventually paying back what was paid to you doesn't make you even. You've got a lot of good to do to make up for how bad you've handled everything.

It's you I wish I could hug. You're the one that really needs it. And your poor wife.

I really do not want to sound ungrateful for what Tom has tried to do but I cannot say I am whole just yet.

For some reason while the exchange rates were around $47.85ish while he was paying everyone back my transaction received has an apparent exchange rate of $49.31.

This means that for a USD cost of $2169.98 for 2 units he paid back only 44BTC instead of approximately 45.34BTC.
I do not know if this was because of clerical error or what but I believe I am still owed at least 1.25BTC.

I cannot wait until payments start again in a week as that minuscule amount could be wiped out in exchange gains for his benefit.


I put it to everyone here, should I still hound Tom for the remainder or just lick my wounds and be done with it?

Why on earth did you wait THIS LONG to start "communicating" again?   While "nice" to see this "do righteous for all" Tom, we have seen this in the past where you provide an update or attempt some simple sentence structure... then you disappear..

If you are willing to share "any" information.. you could start from the top with details of what went "wrong" with bASIC.. as the people who gave you interest free loans have the right to know...  You can also attempt to explain why you bailed or walled yourself up when people were trying to help you out (visits from Luke and Dave)... Plus, you may want to even try explaining the horrid final act of bASIC with the CAN-ELECTRIC fraud... this would be information that people have been asking for.. and if you say you are willing to share and do the "right thing" this would be a start along with consistent refunds...

I will make this easy on you, any information I have I am willing to share. I never meant to scam anyone. If I did I would of kept the money, this is like scamming 101. If your going to scam someone you usually keep the money. I lost everything with this failed business venture and If there were any way I could pay every single person back right away I would.

Latest news:

Last night I paid nearly 1000 btc in refunds to 32 different individuals, and also resolved a 26k debt.

Today I am sending nearly 10kk in western union payments to resolve some other larger debts.

I am going to be accumulating more Bitcoin and will be making the next batch of refunds next friday on 03/22

I understand the anger of those who did not make it into this refund batch, and I am sorry that some of you think that somehow I profited from this. I am now refunding people from my own pocket. All items on the website were listed in a USD price. I used Bit-Pay to process the payments. The items we sold on our website were priced in USD not in BTC therefore When you purchased the items the USD amount was calculated into a Bitcoin amount based on the current exchange rate (mtgox). This is done by Bit-pay and this is the reason that when you purchase something from Bit-pay you only have a 15 minute window to pay the amount before the transaction is canceled. The same things goes for refunds. When you purchased something for 1000.00 you are only going to get that 1000.00 back, and because the refunds in this case are being done in Bitcoin the USD amount is calculated back to the current exchange rate (mtgox) at the time of the refund. Any other Bitcoin business would do this the same exact way, unless something is specifically priced in BTC, you will get back what you paid in USD.

Contact me:
[email protected]

this is the only email address I am using to handle refunds and I have been answering emails every day. I have Zero unanswered emails at this current time at that address.

About BTCFPGA
It's legal status remained as being a sole proprietorship which means the entire liability is with me and me alone. I know we had called ourselves LLC pending at one time and We had LLC papers produced but never filed them .

This is not about the scammer tag. This is about doing the right thing. I urge everyone to please be patient, if you have any thing you want to talk about or you have a special situation or if there is anything I can do other than what I have been doing which is paying back what I have please email me.

I will likely not be posting back here again until 03/22

I will be available everyday at [email protected]

Everyone will be paid back.

Created an updated  thread for the refund list (the "dozen" refunds left):
https://bitcointalksearch.org/topic/basic-btc-refunds-list-v20-152980

Let's keep this thread on topic about legal action.

#1554 .... still waiting

dear tom still waiting on an response to me email sent yesterday at 3:42 pm est.

I paid with CC first and you merged 3 BTC orders to it (like you did with cablez), now I'm worried I'm not on the list. Nothing received.

CC was #512
first BTC was #840
second BTC #1589
third BTC #1596 i think, not sure which was the third (need to research my emails)

not necessarily.
I sent him my #. got nothing

I'm inclined to believe him.  Just jumping up the chain from the transaction posted by JakeTri, I found 792 BTC that looks like it's been completely paid out.  https://blockchain.info/address/1B52oZ77rGktCAsMST9JbH6dFvHvqaGdJR

order no #11xx
date added: october 05th 2012

refunded: march 14th 1013
refund: 23 btc

No refund for me either...wow, if i would have watched today and sent the order number i would have gotten my refund earlier? I am disappointed. this sux. Reads like a bad joke.

Could people refunded post their order number. Got nothing and I'm on the low #300...

got also 23btc's

No refund here.  I'm glad to see you are making progress though.

Many have been posted in this thread.