Topic: [POLL] Bitbond (amazingrando) (Read 5771 times)

Thank you theymos!

I tagged him.

He is still hashing at bitminter (well as of February I have not checked since) with the hardware. With the claim 85% had special secret contracts that they had to be paid first (though no one has come out to claim receiving payment)

So even if money was lost he is still receiving btc from the mining hardware that should be going out now...

There's no proof of that 85% investors provided. No precise information. Nothing, other than his claim to be out of funds (It looks like he sold 100% of his hashing, no room for paying expenses. Not sure wtf that's about.)

Also, the BTC he owes me is debt. It was loaned funds in exchange of hashing, not part of the BITBOND offer. He owed the full amount by the end of Auguest  (Over 2000 BTC).

Just review my PM messages between me and him.

Did he actually lose that much money in the GLBSE shutdown? I thought that everyone with any significant amount of money in GLBSE got most of it back now.

Also, did he actually pay 85% of investors?

I don't think that's his portrait. How do you know it's him?

Since he disappeared from 1 month+ and does not answer to PM, it is now for sure that he is a scammer, so his portrait is back up to stay:
http://amazingrand0.blogspot.com

I don't buy it. I sent a pm With links to both scam accusation threads and bitbonds short lived / now locked plans thread. No reply received.

Unless he is not watching this sub forum (two threads one has been around quite awhile) and not reading pms

If it really is being too busy it sounds like more people need to have access to do this to help him

This is my PM to theymos.

the first post in this thread could be a start:
https://bitcointalksearch.org/topic/m.1457293

I just came to know that theymos didn't aware of bitbond scams.
Due to lots of scams happening, its possible for any one to miss 1 or 2 scams.

I PMed theymos with some of bitbond posts & i cant able to find the Original posts which pin points what amazingrando did/doing.
If anyone can make brief report with amazingrando posts, please PM it to theymos.

This user will be marked a scammer on the master scammer list. I will add it in the morning

Not heard from him for a months.

He still hasn't contacted anybody? He said he would be contacting his shareholders by email, did he do that?

Bump!

Seems like a case of conspiracy with the large bondholders and Rando to rip off the rest. "Fuck you I got mine"

Thinking this and my thread need to be brought up in "meta"

Seems to be a forum staff issue when owners of contracts that are clearly being broken are immune from labeling

Soooo....

I'm not sure he is that guy. Nick appears to be widle spread around interwebs. Moreover, his email on CryptoStocks is [email protected] not Randy obviously

This is the guy you are searching for: https://twitter.com/amazingrando Randy Oest aka Amazing Rando aka amazingrando

I've also noticed that on GLBSE amazingrando was verified issuer - had a lot of onformation confirmed by exchange, like address, id, etc. But on the CryptoStocks he don't hurry to submit info for verification. It kinda red flag for me. Seems we all was f*d up.

Anyone here have screenshots with BITBOND prices near the GLBSE collapse? Or maybe issuer's info?

I found this on https://cryptostocks.com/securities/29



He just waiting for 06 dec 2013, so that all bonds expire & he don't have to pay any one anything.

It seems mods encouraging amazingrando to scam, by not giving scammer tag.

Yeah. The BTC-sphere is like in the meatspace: you may be punished just for pennies, but if you scam really big time you become Too Big To Jail. Learn the lesson and don't trust anyone ever more, especially the big fat fishes with super-hero rep.

bump.

message sent to bitbond demanding either dividends paid now or refund of 47.5 BTC (purchase price of my bonds)


how is this not marked yet? if i default on a 1 btc loan i would be marked within hours.

if i setup a bond. raised tens of thousands and disappeared nothing would happen


will start my own thread and start bumping this thread hourly if i am not paid within 24 hours

it seems like it's so easy for people to get away with scams.  These aren't trivial amounts either that we're talking about.

theymos

I don't know but I do remember that bulanula got a scammer tag because he kept 20 BTC that somebody sent him in error. Do we really need to follow in the footsteps of the prevailing legal system were the little fish get fried and the big ones get bailed out? Who's in charge here anyway?

Sure, why not?

Or otherwise the perennial "I've been very busy" + "personal matters".

When was the last time someone actually got a scammer tag?

So we'll just wait till ASICs ship?

I want to see how will he'll justify not talking for half a month+. "I was in the hospital."?

In any case I don't think that hiding is a good idea. He could just show up and promise to pay his forced "loan" with a higher interest than what anyone would get if he/she had invested the dividents in an average ASIC mining company. I suppose most people would accept the offer if he also admitted that he messed things up.

Nefario knows his identity but he probably won't help us. BFL might be able to identify him as well but I don't expect them to help us either.

Yep this.  He was borrowing (actually stealing with the intent to replace it later) investors' dividend payments to upgrade to ASICs and hoping noone would notice.  But the delays from BFL made that impossible.  Now he's in hiding and will probably stay in hiding until he gets the ASICs.  Then he'll either do a runner or use the mined income from the ASICs to pay off his debts and claim he did nothing wrong (plus offer upgrades to the.ASICs he bought with the stolen funds).

If this was a bet then I'd marginally be inclined to bet on the side that he'll just do a runner - especially if noone has any contact information allowing pressure to be put on him by contacting his friends/family/work-mates.

I think he expected BFL to ship him his ASICs before anybody noticed what he was up to and then he would have sold us an upgrade to ASICs. What he'll do now I don't know.

Do you people think he just took off? OR did he honestly mess things up and now for some reason doesn't even answer?

I mean why would he move the shares to cryptostocks first? He could just take off before doing that...

I have doubts this is the same amazingrando... as in it's very unlikely. There's tons of results for amazingrando leading to different people/references.

Ok so he published his name and telephone number on the web. Now what?

Maybe a google search will help.

amazingrando

I think his large investors got a better deal. But the little guys who bought at GLBSE paid 0.6 BTC and are now getting ripped off. He doesn't seem to like the little guys!

Does anyone know him personally? Or, in case he actually runs with the money, a scammer tag is the only thing he'll be getting?

EDIT: By personally I mean if anyone's got a name. And of course I don't ask for anyone to post anything here...

Both sold 200 000 mhash

Gigamining 40000 five mhash bonds x 1 BTC = 40000 BTC (0.2 BTC per mhash)

Bitbond 100000 two mhash bonds x 0.6 BTC = 60000 BTC (0.3 BTC per mhash)

Would make sense. Not sure he sold everything at 0.6 BTC tho.

Wait, he took more than gigavps?

It's a good idea to take a look at the overall size of this scam: He sold 100,000 bonds at 0.6 BTC each (if my memory serves me right). That's a cool 60,000 BTC! Of those only 85% or 51,000 BTC are still backed by GPUs and get their interest payments. 9000 BTC worth of bitbonds are not getting interest payments. The bonds themselves have become almost worthless because of this. If we add the 2369 BTC that Namworld reported missing we get 11,369 BTC + outstanding interest that the not-so-amazingrando managed to make disappear.

I don't know, you'd have to know the difficulty for each week since GLBSE closed and then calculate the interest from that and add it all up.

What is the outstanding amount that is owed?  Is it that difficult to get a traditional short term loan?

This is a pretty good point. What do the pirate scam and the BFL scam have in common other than the fact that they were financed in (significant?) part through secret/undeclared passthroughs?

Because if there's a pool of shared human resources it's quite likely that a more or less informal but pretty criminal organization is/was running the whole thing.

Currently lent him 2369 BTC for temporary hashing. Long overdue and he's not answering any PM.

He's currently still mining with his GPUs but not paying anyone.

Should be tagged until he resume talks and payments.

I think you nailed it.

This douchebag is providing the same "service" as people like Hashking who outright lied about not being invested in pirate. Bitbond owners are unwittingly involved in a BFL passthrough which will blow up just as the last scam did.

So that's another case of nth-degree scam, or pyramidal scam.

I just checked Bitminter and he's mining there with about 170GH/s.

http://bitminter.com/livestats/big

Unless he's also mining somewhere else there seems to be a shortfall. He sold 200GH/s of bonds and 170 is 85% of 200. This is from the OP:


Liar.

True.


Most probably yes.

Allegedly 15%. For all you know they could be 90%.


Allegedly. (Is this part of the financing of the BFL scam incidentally?)


Where does this appear?

One more thing. He had to pay for the ASICs when he ordered them and he's still mining with the GPUs that he has but he isn't paying our interest. This means that there's probably something else going on that we were not told about.

He's stealing money from 15% of his bondholders to pre-order ASICs and, if they ever get delivered, will then pay most of the income from those ASICs to the large investors who contributed 0% to buy them. If that's not unfair then I don't know what is.

His large investors who get preferential treatment. The scammer tag for amazingrando is long overdue.

Who vote for answer no?

Don't think that's quite what happened.  What actually happened is:

He started selling bonds in public.
Then sold a bunch privately (i.e. off market - if you look at BTC-MINING you'l see where a large chunk of these went).
When GLBSE went down he used funds that were being held for dividends to buy ASICs - leaving him insufficient cash to pay out the dividends he owed.
He somehow scraped together enough to pay out dividends to the private investors - but was left with insufficient to pay out regular shareholders.
He also then compounded his error by unilaterally announcing that he would no longer be paying dividends - despite it being a fixed-rate bond.

Then when his various fuckups/dodgy dealings were noticed he pretty much vanished.

It's not that he sold the same thing twice - it appears he has sufficent mining power to back all his sales.  It's that he went and spent money that should have been paid in dividends on ordering ASICs - which he may well have got away with unnoticed had his ASICs arrived before GLBSE sent out the investors' list.

Obviously it's blatant scamming - both in using other people's funds (the dividend payments) to buy hardware with and then in deciding to just cancel paying further dividends despite continuing to mine.  Would guess he's just going to keep stalling until his ASICs arrive then pray he can mine enough BTC to make payments sufficient to avoid/have removed a scammer tag.

When did he say that?

Scammer tag, scammer tag time.

Amazingrando sold bonds promising 105% PPS, then behind investors backs sold again this contract to a second class of bondholder.

In other words, he sold a car to smitty, then turned around and sold a car to bill. Now smitty is complaining, where's my car, and amazingrando is all like


That really stinks.

Amazingrando lied to the people who bought bonds from them. He told an actual lie in order to sell more bonds. It wasn't a misunderstanding or a mistake or old data or someone trolling. It was amazingrando telling a lie to rip someone off for his own benefit.

I shouldn't need to tell anyone that's the very definition of a fraud.

Now. Is it true? Is that what he really did, or is this another smear campaign? 

No, it's worse: he says that he (over)paid a small group of his investors who own 85% of the bonds.
Problem is that he OVERpaid them, since the dividend payments should be equal for all on a per bond basis, and he paid nothing to the other bond owners.

If I understand it correct, amazingrando only paid 85% of its Investors.
Thats probably the reason I did not recieved any outstanding dividends 

In that case: SCAMMER TAG the bastard!

Another undisuptable case that will likely go the route of giga