Topic: Recovery program beginning in January for PB Mining customers. - page 79. (Read 143904 times)

At what point did he say he was physically mining? 

Jason Boyko initiated a fraudulent scheme in the early part of 2014.
by selling 'contracts' which were not what he said they were, is fraudulent in the first instance.

Fraud is a crime, and very wrong.

so far they have done nothing wrong

I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?

Complaint of fraud against ‘contractual offerings’ by self-professed Bitcoin mining operation www.pbmining.com (piggyback mining) which is based in Canada.

Specifically, my complaint is against the following business entity

Name: DIGITAL MINING STORE
Address: 314 33RD STREET EAST
City/Province: SASKATOON, SK
Country/Postal Code: CANADA, S7K0S4
Sole Proprietor: JASON BOYKO

On or around the beginning of 2014, Sole Proprietor of Digital Mining Store, Jason Boyko set up www.pbmining.com as a ‘Bitcoin Cloud Mining Operation’ which purported to sell cloud contracts related to Bitcoin hardware, in return for freshly ‘mined’ Bitcoins - the process which produces Bitcoins. It has been stated that as well as having their own locally-based ‘mining farm’ they also have mining operations in Iceland.

After several months of running this scheme, which has become evident to have no Bitcoin Mining Hardware operational, the scheme is now running down, paying out only a fraction of what would be earned, had the scheme be producing freshly mined Bitcoins, as per the algorithm which is necessary to produce said Bitcoins.

Jason Boyko has used hard marketing incentives such as referral commissions of 10% and ‘giveaways’ to encourage consumers to promote the service to new customers. This is evidently, nothing more than a pyramid scheme, encouraged to consumers by Jason Boyko that it has been a legitimate mining operation. Jason Boyko continues to insist that the operation have been legitimate by addressing customers on the website forum www.bitcointalk.org.

It has become evident that www.pbmining.com is an elaborate pyramid scheme and has no real mining operations, of which it is advertised to be and I urge your department to look into this issue fully, as Jason Boyko has clearly reaped millions of dollars in earnings from the victims who have bought into this fake operation.

yours sincerely,