Topic: Shakaru Class Action - page 3. (Read 9036 times)

Chapter 7, if approved by a court, completely eliminates most of debt (except student, some federal). Chapter 11 does exactly what you're referring to.

Of course Shakaru didn't think it through. It's silly to start a business without an incorporation (LLC or C corp) in US. This way only assets of the company are to be seized, well unless there was a clear case of fraud :-)

I am working on a new project for bitcoin, and I am in process of incorporating a new business. It's just a good business practice.

Wage garnishment, liens on his property (a car?), etc.

In most places, having no money is no excuse for taking someone's money and not paying it back.

saw this via imsaguy's post... the way i see it, i only have 75 btc to lose (thanks brian).


absolutely nfi what this part even means, but it's throwing around these kind of unfounded/unproven rumours that make me really dislike you.

If Shakaru has no money, how is supposed to pay?

Chapter 11 is debt consolidation, Chapter 7 is complete debt write off. You can try to get him on fraud charges, but I don't think that would easy at all. If this was in NYS, I could provide you with a lawyer. California bar exam is a bitch.
 

At some point a person has to wonder... why should they/we trust you?  Some of your behavior does set off red flags.  At first you seemed normal and easy to get along with.  The longer you're around, the less I trust you.  You need to cut the rhetoric and threats out and stick to the facts.  

Second, if you are so worried about chain of custody, then perhaps you should have had better/more in depth conversations with those people who collected all this info.  At least see where we initially got our info.  Instead, you've thrown it all out completely and want to start from scratch.  In addition, you want it all via pm so no one can dispute/refute any claims.  Unless someone is going to assign you paperwork that allows you to act on their behalf (again, why should they trust you), they are wasting their time.  

I really appreciate your efforts here freeway. Even though I have sold most of the debt shakaru owes me, he still owes me a I3 2100 CPU.

I am also of the opinion that shakaru needs to be brought to justice here. All of you talking about how he can just file for bankruptcy are wrong. That would probably have worked if he had run his business in an honest way, but what shakaru has done here is outright theft. He can not just file for bankruptcy and have all his problems go away.

It seems a lot of the people in this thread are not totally aware of the situation so here is a summary:
-August 2011 shakaru sold mining contracts for 45+GH/s, for a total of more than $20 0000.
-Shakaru also started the two GLBSE companies SDM and SDM.LEVA, I am not sure how much he got from this, but he never bought the mining equipment the company contracts stated he was supposed to buy. These contracts are very clear and shakaru took the money from the IPOs and used it on personal stuff. Clear theft.
-Only a few of the smaller contracts ever started up, but they did not run for long.
-I had paid extra to be able to log into my mining rig remotely. I tried to do this one day after the rig had not been working for a few days. What I found was the rig mining on shakaru's own deepbit account.
-Shakaru has given various excuses for the problems, often changing his story, blaming it on other people scamming him, blaming it on the electricity company etc. Many of the stories have been totally unrealistic and many of them have been exposed as pure lies. For example, he blamed the forum user mrbashfoo for running of with 4 4U racks of hardware, 15 x 5830 graphic cards and more, but it turned out the only hardware mrbashfoo had gotten from shakaru was some stuff he was going to throw away.
-Trying to get shakaru to pay his debt has been a pure nightmare. Him dodging PMs, e-mails and Skype IMs. Always lying about when he could send you a few coins etc.
-It turns out that in addition to selling the mining contracts he has also been taking loans from various forum members, even when he knew he could not pay them back.

From freeway we have learned:
-Shakaru stole rent money that was given to him, and did not pay the rent resulting in them being evicted.
-He has  spent a lot of money at the bar during this period.
-Shakaru bought a lot of very nice Christmas gifts this past Christmas.
-He never had mining equipment that could produce anywhere near the 45GH/s contracts he sold.
-At the moment he does not have anything of value or any mining rigs, he is broke.

All in all shakaru is a theif, pathological liar and a scammer. I do not think anything he says should be trusted. The only way I see him getting hold of any money to pay back his debt is if he runs another big scam here. That is why I am warning everyone about him. I do not like that he is running a trading bot at GLBSE and I think there is a good chance he will just steal all the money put into it.

LMAO..thanks.  We will be sure to mention you 

ah.. Ok. Thanks for the clarification.


lol, another for Bitcoin Firsts. The first online BTC Bankruptcy. Pretty good idea actually. Cheaper than lawyers too...

Thank you.  I understand I have sounded bad at times, right now I am seriously gathering information.  I did play the little girl part to no avail, so now here I am.  It is all business.  The only way get Andrew to respond was to be the other way.  I am sorry, but i thought I would play the game.  Sorry I did.

There is no actual chp 13.  He said he was doing an online version of one with DollarTrader and payb.tc to reassure his creditors that he was not walking away.

DollarTrader has not responded to me, payb.tc is attacking me and shakaru is avoiding me. 

Shakaru - I know why.  I live down the street from him and we are friends with his family.  And he owes us around 7k, including 110bc.

payb.tc - he has the most to lose in the btc community.  And his debt is up for auction.  So??  I don't know?

DollarTrader - I think he is just watching..I would too

We are researching which is why it is taking me some time, and now I am just requesting whatever info here that may help.  I do not want to falsely represent anything.

Has he indeed filed for Chapter 13?


If so, it would seem everybody is out of luck. And anyone bidding on the auction should be made aware of it.

Otherwise this thing will be passed around forevarrrr.


Freeway,

  Don't take offense at attitudes. Your posts seem to have a ring of a kid going: Mommy, mommy, mommy. It causes headaches and people get tired of it.  Other people put time in on your behalf. You can't now complain they aren't doing enough or you want more.

Good Luck.

It will. Which I is why I started a new thread.  I am afraid some of the info that I will receive through 3rd parties may be compromised as I cannot verify chain of control.  Therefore I am requesting clean copies of everything that can be verified by you the owner/debtor, notarized even, then it can be verified again by forensics that it has not been altered.

DeathandTaxes has a good thread that I am following that can assist in making this a good case.  https://bitcointalk.org/index.php?topic=49854.msg832083#msg832083

I think the only reason payb.tc is attacking me is, he has a lot to lose, he is auctioning his debt, and he may have been falsely charged with Andrew.  dunno.  IMHO

I have a long time friend who has represented me before.  And would love to take this.  Could make him and BTC very big.  Just my opinion

i totally understand that some people feel that way, but it's just not me personally.

i'll always prefer handshakes and honour over signatures and lawyers.

if things go south, i deal with it myself and move on.

Did you find a lawyer that knows about Bitcoins?  Any law suit related to Bitcoins should be very interesting.  Could be ground breaking.

I really hope a proper law suit comes from this since I just dont see shakaru owning up to anything after reading everything he had to say in recent days.

It would atleast put bitcoin on the map regarding some legalities and users might start to think twice before wasting other peoples money the way it seems shakaru have gone about things.

Thank you   

And I guess since you are the adult, you are selling your debt on an auction.  I could help you to get more.  But you are impatient and unwilling to go the distance.

Burt, I'm sorry, I sent a spreadsheet tonight to someone via pm.  I did not closely look at this one and jumped to conclusions.  This has been a long road and it is late my time.  Again, I am sorry, and thank you.

freeway has a right to recover her debt

but to me she's acting like a kicking screaming teenage brat that i just couldn't bothered dealing with (i.e. sick of reading it).

I find these comments directed at freeway pretty disturbing. Why bash someone who is trying to recover funds wasted by shakaru ? Not to mention how the hell cant shakaru have any of the funds available, did he really blast it all away and only then realised he had no funds available o_0

Makes no sense considering Freeway is putting in effort and shakaru is merely delaying consistently to meet her requests to meet and discuss the issue in person.