Topic: Nefario - page 28. (Read 198705 times)

malevolent... no he didnt get all double payment back. But most it seems.


When its a general partnership without limited liability then youre right, the shareholders are liable. Thats by the way a beloved strategy of scammers. Selling shares for a company by claiming how much the shareholders will gain in dividends but in fact the shareholders are liable when taking part. Later the company is crashing and the shareholders are the one that are responsible to pay back to the customers of the company. Only one person wins.
Its sad when glbse-shareholders really are in such a business relation but they should have inform themselfes before taking part. So yes, they are part of glbse and liable that the customers get their money and asset infos.
Your example with the brother is correct when he is part of the business withou limited liability.

Nefario... COMMUNICATE! Nothing good comes out of being silence. It can only become worse.

Then you're fucked, but I would expect brother A to actively help you in any way possible to get your money from brother B.

Problem is that brother B is the only one with your receipt. Without his cooperation you can't prove nada.

Sub-accounts for Issuers haven't been paid. When someone creates a security on GLBSE, an account specifically for that security is created. So, Giga would have his normal gigavps account, but also a sub-account called GIGAMINING which has its own wallet, which is probably where he'd keep the bulk of his coins on GLBSE so he can quickly pay dividends.

Brother A has to work or take out a loan to return the money. In addition he can sue brother B, but that is none of your concern.

So if you get brother A, but brother B is gone with the money, what do you do?

What's going on with him? Did he get back the money he sent to people twice?

GLBSE is responsible for the outstanding claims, not Nefario. GLBSE is a general partnership without limited liability. So all partners have equal responsibility for the outstanding debt. That may not be fair, but it is the consequence of going into business with others in a general partnership.

For example, suppose I go into business with my brother and we don't create a company with limited liability. You buy a service from us and after you have paid, we just disappear and don't communicate with you anymore. Would it now matter to you who is holding your money hostage? No, you could claim it from me or from my brother.


It may not be fair, but it is the consequence of going into business with others in a general partnership. If the partners think it is not fair, they can arrange a fairer split between themselves, but that is not their customers concern. In a partnership, if you win you get profit, but if you loose you don't get bailed out or can point to someone else.

Reading the IRC log I think it is fair to lay this squarely at Nefario's feet, he was full of anarchist bluster till agent smith knocked, then folded up in a most embarrassing, and all too familiar, manner.

Whats the responsibility of the other partners? I mean the one that wanted to close down glbse should know what this mean to the users, their money and so on. But the ones that didnt want to close glbse doesnt have anything wrong i think.

On the other hand... what should the other shareholders do? Nefario it seems took all the strings to himself. And no other shareholder can intervene now. I mean when they cant do anything why should they be guilty for what nefario is doing? That would sound unfair to me.

As far as i read glbse isnt a company where shareholders have to take the risk of the company but instead only get earnings from that. There are different kinds of companies. Ones where the shareholders gets earnings but still have the risk to pay when the company makes errors and companies where the shareholders are only getting earnings and cant make responsible for companies errors. But with glbse its even worse because it seems to be a non-official company in some kind. Its hard to say how it looks legally i think.

Its a shame when nefario really stopped communicating with customers, issuers and even shareholders.

So Nefario is now officially the only one held responsible and all other GLBSE partners are now officially of the hook?

Because when he now releases all the remaining usermoney he has access to and the asset info he has no pressure object anymore to get the double payment back. Because it was his error he would have to pay form his money. But he dont want this. So he stops everything to take hostage what he has to get this money back so that he dont have to pay it from his own money later.

Of course thats somewhat dangerous because he holds things that arent his. He should realize that the bigger threat to him isnt losing money but the government involved. On the other hand... the person that involves government will make it more difficult for all parties.

I don't get why keeping hostage users' assets is related to "his" money. Supposing that he's going to ask for a ransom?

It seems so. But i think that part of the reason he act like he do is that he has a family and needs to keep harm from them. So thats probably because he wants to keep his money together and dont want to lose money. But thats only a guess of course.

The guy is notorious for acting without any thinking.

By the way... namworld took some work and made a list of all the claimed payments here: https://bitcointalksearch.org/topic/m.1270908

I made a simple csv out of the data and calculated sum in excel and found that these claims are worth payments of around 1413.673 BTC. When the amount of user money at glbse really was 8000BTC then only these documented payments are 17.67%.

Only as info. I guess there are more payments paid than mentioned in the list because not all wrote their gained payment in the thread there.

Where is this 10% from? I heard several times that someone got payments over 100 or 200btc back. I believe deadterra was one of them. Of course it would be wise to pay one or two trustworthy members a bigger amount so that the community can be convinced that he is paying back. But at the end... he only had 8000BTC in  users money. Thats $80000. And when he paid back 10% of it already its only $70000. So would you really run with this amount of money? When you have a family you have to feed? I mean thats nothing when you want to start a new live somewhere far out. You buy a small house and have to work because the rest of the money would be gone in some months feeding the family. On top you wouldnt be anonymous there. I mean how could you ship a family to another country without leaving trails? So no, i doubt that he will scam the people for this amount of money. I mean he got a yearly salary of $40000 as glbse ceo. Plus on top the earning coming from his shares as shareholder of glbse. So no, it doesnt make much sense to me to be pleased running with that amount of money. If he would be some schoolkid, running his first ponzi ok, but not a familyman with responsibility for wife and kids.

Anyway... his lack of communication... and only coming buy to insert an excuse why not paying back further looks the same way like ponzis closing look. Thats right. And i would love when someone would go talk with him. Regardless if on phone or personally.


Youre right. Unfortunately i think that he thinks if he gives back the assets he has nothing in the hand anymore to supress the double payments back. So he fears that he will have to pay it himself what he wont do. Because of that my conclusion is that the majority of double payment has to get back before he will move forward. Sad but true for me.


Yes. Its lowlife to keep all hostage. And he is doing it out of fear that he will get financially hurt in any way. Because that would be a problem for him and his family. And thats the reason why i dont think that he will scam at the end. His family is on the line. And if he cares about it he wont make moves risking there anything. So he now thinks the best way to get out mostly unharmed is the way he is doing it now.


*lol* Dont say me that you got a doublepayment and dont want to return it. Its useless to search justifications for not paying back double payments. And i hope nefario moves fast. If he let it lay like it is now this would show he has no interest of clearing the double payment issue and is using it as an excuse.


Im sure he knows that. And i think he thinks too short here not to act more like a honest businessman. He thinks paying too much is his worse problem... he should realize that he could get sued fast. And that this is his biggest problem.

The feds... in UK? If he were under "supervision" I don't see why "they" allowed him to send out partial repayments to supposed a-narco-terrorists and tax evaders -unless the mess he made of it was part of "their" evil plan (to achieve what? Panic? Lulz? FUD?).
You have to elaborate your conspiracy theory.

Can this 10% of cash value be documented? Best we can tell he's paid a few hundred accounts but the vast majority of these held fractions of one BTC (which were also rounded) and so it'd actually be (significantly) less than 10% by cash value.

Seems to me the feds came knocking at his door, and arrested him for money laundering, and supporting terrorism. Id bail too. He didn't specifically state it, but he made a reference to it about the other exchange having the feds knock on the door and arrest them for money laundering, and supporting terrorism.

Why would you say something so out of place, if it wasn't relevant?