I.a. On September 10 he blocked the accounts of DMC, on the grounds that gross negligence possibly amounting to fraud on the part of the asset holder was being alleged in forum threads.
I.b. Subsequently he
refused to release a list of shareholders on the rationale that it'd be a breach of their privacy rights.
I.c. He also declared
an audit will be held but later refused to release the name of the auditor.
I.d. The accounts were later unblocked without any audit being performed, and without any material changes in the alleged facts.
You are allowed to make mistakes in life. Nefario undid his action and everything there is good again. I consider this issue solved.
II.a. On September 25 he unlisted all of goat's assets, vaguely alleging some sort of malfeasance which was never either explained or documented --it may or may not have to do with goat's refusal to sell back some illegitimate shares created on GLBSE by an unauthorized entity which nevertheless were legitimized by Nefario's own declaration but which was quashed by the actual legitimate owners of GLBSE.
II.b. In contradiction to the claims made with I.b. above, Nefario claims to have issued the list of shareholders to Goat and that all obligations remaining exclude GLBSE, and should be handled between goat and investors alone.
That's because he was delisted. There's a huge difference in what happened in these situations.
III.a. Starting at least as early as September 10 the assets controlled by Usagi (CPA, NYAN.x, BMF) were being scrutinized publicly on this forum for gross negligence possibly amounting to fraud on the part of the asset holder, in the same manner and to an extent equal or greater to that of I.a. above.
III.b. In spite of III.a. Nefario declared Usagi as the head of the ad-hoc commission that was to review GLBSE assets for inclusion in blue/white categories.
III.c. In spite of III.a. and contrary to his conduct in I.a. and II above, Nefario failed to lock the assets controlled by Usagi.
That was Nefario's call, unless you can point to a Terms of Service/contract between the parties that says that one option needed to be done.
For these reasons Nefario should wear the scammer tag unless or until:
A. He personally refunds all investors in any and all Usagi funds to the value of their original investment or
Wait, what?
B. He personally refunds all investors in DMC and TYGR-* to the value of their original investment.
Why?
tl;dr: You can't have your cake and eat it too, and you can't run away and hide for a couple weeks until people forget. It worked with LIF.x, it worked with the numerous other scams hosted by GLBSE, but it has to end sometime.
Nefario isn't a scammer. He's just made some poor decisions for GLBSE from a customer relations standpoint. You can solve this by creating competition.
