Author

Topic: Looking for donations to help poor Pirate@40 defend himself against the SEC. (Read 555 times)

legendary
Activity: 826
Merit: 1002
amarha
I can't believe there is a donation page for him why not use all the BTC he stole ?

Because he failed to actually end up with very much at all, funnily enough. Out of 200k btc that he should have had he only ended up with 150k USD. ~$0.75 a coin.
hero member
Activity: 873
Merit: 1007
legendary
Activity: 1876
Merit: 1058
Vave.com - Crypto Casino
I can't believe there is a donation page for him why not use all the BTC he stole ?
hero member
Activity: 618
Merit: 500
a clockwork miner
Do you believe the hook?

His attempt is simply pathetic.

I hope that everybody know that... scammers gonna scam.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.

That's true, it was a Ponzi scheme but his attorney may present the idea that Bitcoin itself acts as a security.

so you're saying this guy was running a ponzi scheme and you want us to donate to defend him?

But the government can run the biggest ponzi scheme there is?
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I'm pretty sure this is a scam and not set up by Trendon's lawyer.

Not that I would ever donate to such a silly cause of course.

But people should be cautious.

Nope, it's real. I called the firm and verified it.
legendary
Activity: 826
Merit: 1002
amarha
I'm pretty sure this is a scam and not set up by Trendon's lawyer.

Not that I would ever donate to such a silly cause of course.

But people should be cautious.
DrG
legendary
Activity: 2086
Merit: 1035
If not Karma then the SEC.... or maybe Death himself... yes that will do.

Dead or alive you're coming with me.

I can't imagine anybody wanting to donate to his defense fund. 
sr. member
Activity: 406
Merit: 250
Wow. This guy really has no shame. I would consider a donation to the prosecution but they collect that before I even see my pay check each week. 
full member
Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
The early investor from his scheme do make a lot of money.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.

That's true, it was a Ponzi scheme but his attorney may present the idea that Bitcoin itself acts as a security.

so you're saying this guy was running a ponzi scheme and you want us to donate to defend him?

When did I say that? I want to know if you'd fall for it and donate because his attorney is trying to scare you.
sr. member
Activity: 434
Merit: 250
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.

That's true, it was a Ponzi scheme but his attorney may present the idea that Bitcoin itself acts as a security.

so you're saying this guy was running a ponzi scheme and you want us to donate to defend him?
full member
Activity: 169
Merit: 100
Government around the world is out of control.

Who give them the right to interfere with 2 voluntary parties conducting transaction?
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.

That's true, it was a Ponzi scheme but his attorney may present the idea that Bitcoin itself acts as a security.

I am pretty sure the definition of "security" means that it is backed by some kind of asset (by contract). Bitcoin isn't backed by anything, certainly not legally. That's a pretty far stretch to make, IMO.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.

That's true, it was a Ponzi scheme but his attorney may present the idea that Bitcoin itself acts as a security.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
"anyone exchanging bitcoin could be SELLING SECURITIES" -- Isn't the only reason the SEC is involved that it was a ponzi scheme? He was selling shares/securities, not bitcoin.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
http://www.secvshavers.com/blog.html

Would YOU donate money to help the Bastard of Bitcoin?

Here's the hook they are using to scare you into donating:

Quote
​The case the SEC is bringing forward – if won- would establish a very dangerous precedent that says anyone exchanging bitcoin could be SELLING SECURITIES, thus subject to SEC regulation, SEC scrutiny, SEC investigation, and SEC legal action. This would include peer-to-peer bitcoin exchanging, all trades at Shotoshi Square in NYC, miners selling bitcoin, basically anyone that touches bitcoin and later trades or sells it would be under the scrutiny of the SEC. If you’re not registered with the SEC – or if you have engaged in these types of activities in the past without being registered - you could be fined tens of thousands of dollars per transaction, or worse, jail.

Do you believe the hook?

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