Following what I said earlier, I think Jason obviously either is a victim of blackmail or not. However if he wants to move forward it may not matter whether the persecution claims are true anyway. However, if he is the victim as such, as I said before he may have been lured into buying even cheaper "wholesale bitcoin mining contracts" than what he was selling. So then last week they say "Surprise, there is no generation of BTC and by the way the coins we were feeding you were actually a loan" or something similar "and furthermore we want pay-back with 22% interest or we harm you and/or family and let your customers know they are a victim of a ponzi scenario."
So let's say that is actually what happened. Sorry for confusing the issue earlier in thinking he too was a victim of a larger ponzi scheme that is falling apart now, but that certainly is possible too. However I think ponzi schemes are traps investing providers fall into and they are too weak willed to come clean until it is way too late. I doubt that another weak willed provider of a larger ponzi scheme in this case would be credibly threatening him and/or his family. Instead I think it simply a case where he is victim of loansharking on a multi-million dollar scale, and I believe the loans of BTC came from an international source like Russia or China. I suppose there even could be more than one source of them. At least I think this is the scenario he wants us to believe.
So the question is now, what should he do if indeed this is the case or even if he is pretending this is what happened?
- My suggestion to him is to in fact, buy BTC on the open market with his own and/or family borrowed money. Ironically of course, his family will not have loan sharking terms for him but hopefully give him interest free money. My thought, I reiterate, is he does come from a family of big money and that's why he was able to make his website work as smoothly as it has for almost a year. My thinking is he is used to very high expectations and has legitimate business connections and knowledge that let him operate at this level. I bet there have been family members who have been warning him all along that things sounded fishy and he should be very careful etc. Note: so far I don't think he is doing this a the BTC price has stayed around $350 for the last few days and I'm guessing if someone is trying to buy 1000's of bitcoins the price would be rising quickly.
- He then should pay off the loan sharks for every BTC they have provided to him over the past year that they claimed was derived from mining, along with say 22% interest they are blackmailing him for. He can then wipe his hands clean of the loan sharks.
- Next and definitely concurrently, he should refund also with BTC purchased on the open market with Canadian dollars or just dollars flat out, all who have lost faith in him with BTC at the rate at which they bought GHs at. He could also add a bit of interest for the inconvenience of breaking the contract too
. - Then for his remaining customers he should do the hard and expensive work of finding legitimate wholesale providers like any good business person and again he needs again to pay for this out his and/or his family's pocket.
- Finally he needs to cooperate with Sgt. Failler, The Canadian Anti-Fraud Centre and this forum and come completely clean about what happened and what he has done and will be doing as he is doing it. Are any Americans having any luck with the Anti-Fraud Centre site? I'm trying to get a key and all. In the wee hours it errored out on me. Now it says it doesn't recognize my Email so I have to reregister.
And let me reiterate this is going to be extremely expensive for him literally, emotionally and mentally, but if the is the scenario that occurred or even if it is just what he wants us to believe this is what is going on and he has some honesty as a business person and human being it is a way out and a way forward. He needs to pay off anyone who wants an immediate refund in Canadian dollars say at 150% of the going rate for GHs right away and he needs to be under law enforcement supervision right away too.
