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Topic: Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence - page 6. (Read 146776 times)

legendary
Activity: 1400
Merit: 1005
quote:

"The information that I am publishing here confirms some of the worst fears which have been expressed by many people about Butterfly Labs (BFL)"

"While I was at the Data Center I spoke extensively with Joe of J.Morgan Hosting; an outfit which is in reality a BFL front as certain BFL execs own a good portion of it and Joe, being a geek, really likes to impress people with his geekiness. This means that when he started talking, he just couldn’t shut up and told me all sorts of things, perhaps thinking that I was directly involved in what I must now call fraud on a truly massive scale."

http://bflfraud.com/
The part you quoted doesn't concern me.  When BFL first started advertising the co-location services, it was explicitly owned by Josh (Inaba).  That changed at some point along the way, but I never thought that J. Morgan Hosting was a separate entity from BFL, nor did I think that it mattered.  I'm not sure why it would matter.

This is the part that is much more concerning:

Quote
Essentially what went down in this deal is that Cloudhashing had managed to get a BFL 1500 G/hs Minirig removed from the delivery queue and needed someone to verify its existence and quality before sending an amount someplace in the area of $100,000.00 to BFL for the purchase.

If this is true, and BFL is allowing people to skip the queue by paying more, without making this a published option for purchase, then I completely agree this is fraud.
sr. member
Activity: 434
Merit: 250
Guess I should've launched into an OT conversation with Joe when I picked up bASIC-Mining's minirig from him. He was pleasant enough to chat with and accommodating. He did have to retrieve the unit from another location, but that's not necessarily incriminating.
full member
Activity: 149
Merit: 100
quote:

"The information that I am publishing here confirms some of the worst fears which have been expressed by many people about Butterfly Labs (BFL)"

"While I was at the Data Center I spoke extensively with Joe of J.Morgan Hosting; an outfit which is in reality a BFL front as certain BFL execs own a good portion of it and Joe, being a geek, really likes to impress people with his geekiness. This means that when he started talking, he just couldn’t shut up and told me all sorts of things, perhaps thinking that I was directly involved in what I must now call fraud on a truly massive scale."

http://bflfraud.com/
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
all hail Phinnaeus Gage bringer of wisdom and light

Seriously, I'm being thanked privately for my efforts more times than BFL is honoring refunds without having to be prodded by PP or CC companies. I believe it'll take the force of the FTC for anybody who paid via Bitcoin to see a refund.
sr. member
Activity: 322
Merit: 250
The company is becoming annoyingly arrogant.
newbie
Activity: 42
Merit: 0
member
Activity: 112
Merit: 10
the CEO of bfl has prooved he delivers (see their fpgas).
i dont care about his history. everybody has a chance to change himself.

i am still looking forward to my - really early ordered - bfl asic Cheesy

 Cheesy Cheesy Cheesy

Dumbass
sr. member
Activity: 322
Merit: 250
serious popcorn material here
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
O my, the last few pages of this thread were highly entertaining. Thanks guys  Wink
hero member
Activity: 924
Merit: 501
Yea, but he gets mean when he drinks....


So all of you who are so interested in the BFL saga might also be interested in my poking the bear known as TradeFortress:
https://bitcointalksearch.org/topic/is-tradefortress-breaking-the-law-256008


full member
Activity: 129
Merit: 100
all hail Phinnaeus Gage bringer of wisdom and light
hero member
Activity: 924
Merit: 501
I agree, dude had his chance to run away.  Now he's as responsible as the rest.  Maybe more so with his taunting and teasing the public during this *alleged* long con.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
I have spent months to get him to answer my questions only to be ridiculed. Everything out of that persons mouth is a lie. What do you expect from a criminal?

Inaba is not a criminal. He got hired by a criminal, I guess that makes him just a hired hand or naive

Would one rather distance themselves from criminal activities or embrace those that associate with same? The only choices is between the latter or the former, for being ill-informed is no longer part of this equation.
legendary
Activity: 1112
Merit: 1000
I have spent months to get him to answer my questions only to be ridiculed. Everything out of that persons mouth is a lie. What do you expect from a criminal?

Inaba is not a criminal. He got hired by a criminal, I guess that makes him just a hired hand or naive
hero member
Activity: 644
Merit: 500
The Quote you quoted was Inaba attacking me, lol.  I cannot wait to see Inaba in shackles.
I know, I just keep quoting him to get an honest answer.

Or just any answer he comes up with.

I have spent months to get him to answer my questions only to be ridiculed. Everything out of that persons mouth is a lie. What do you expect from a criminal?
legendary
Activity: 1112
Merit: 1000
The Quote you quoted was Inaba attacking me, lol.  I cannot wait to see Inaba in shackles.
I know, I just keep quoting him to get an honest answer.

Or just any answer he comes up with.
hero member
Activity: 924
Merit: 501
The Quote you quoted was Inaba attacking me, lol.  I cannot wait to see Inaba in shackles.
legendary
Activity: 1112
Merit: 1000
9 months after the expected arrival in November of 2012.  It's July.  To date BFL has shipped less than 1% of the ASIC's they've sold...    

And still they claim:

Quote
we've now shipped more ASIC units than all the other ASIC vendors combined, if you don't count the novelty Block Erupters (and maybe even including those, I'm not sure how many units have been sold of the Block Eruptors).  Nope, you don't lie at all.  Not a bit, nope.  Just keep telling yourself that, maybe someone, somewhere will believe you.

100 units a month... how laughable.

But of course no answer on how they calculate this estimate (Just the amount of boxes shipped? Or the total estimated # of TH/s?)

https://bitcointalksearch.org/topic/m.2624036

Perhaps the unicorns that do the shipping have a math problem?
hero member
Activity: 924
Merit: 501
Lol, that's "English".  http://en.wikipedia.org/wiki/The_lady_doth_protest_too_much,_methinks

9 months after the expected arrival in November of 2012.  It's July.  To date BFL has shipped less than 1% of the ASIC's they've sold...    
full member
Activity: 228
Merit: 100
CIYAM - UI/UX design
we have a proverb for this in german "Methinks thou dost protest too much."


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