Pages:
Author

Topic: The pirate ponzi fiasco (Read 10215 times)

hero member
Activity: 868
Merit: 1000
September 01, 2012, 10:07:18 PM

Possibly, but at some point during all this, a while back I say, he was already planning on making his epic asea run. About a month prior to Defcon, he posted that you can meet him eye-to-eye, but afterwards there's yet to be anybody who claimed to have seen him. Soon after Defcon was over, parrot shit started hitting the fan.

~Bruno~


There were several people who met with him in Vegas: giga,goat,burtw,copumkin,reeses. Just to name a few

Phin, are you suggesting that Goat photoshopped the picture of the Vegas meet-up, because the person in that photo is definitely the person whose image is used on Trendon Shavers' social media and there's enough old images of him online to establish that he's the real life Trendon Shavers rather than a made up or hijacked identity.  Plenty of people operate scams under their true identities.

Quote
I'm going to have to refresh my memory about Andre Jesen, because I read something yesterday where that name came up, but I skimmed over it not thinking of its relevance.

He operated World Bitcoin Exchange.  He didn't pay people back and dooglus is stuck holding a few remaining Bitcoins which he can't distribute because he has neither the authority nor accurate information to be able to give users a small payout from the only assets not under Andre's control.  Since walking away from WBE, Andre has opened a security business which he hypes as much as he hyped WBE (and High Net Worth Property before that). 

hero member
Activity: 560
Merit: 500
I am the one who knocks
September 01, 2012, 02:00:25 PM
You just said that no one said they saw pirate in vegas... I was giving you examples of people who did.  I don't know about Elvis.
sr. member
Activity: 462
Merit: 250
I heart thebaron
September 01, 2012, 01:20:38 PM
Do you think that, since they were in Vegas, that Elvis might have been a 'secret' Investor ?

Phinn, is there any connection between Trendon and Elvis ?
hero member
Activity: 560
Merit: 500
I am the one who knocks
September 01, 2012, 12:56:54 PM

Its the power of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.


Tell us one scammer who has been nailed so far.
Tell one scammer who hasn't nailed so far using Bitcoin.
They get caught before they can run away. That is what important than any other thing.
It makes money can be recovered by all legal & other ways.

Tom Williams.  Andre Jensen.

I'm going to have to refresh my memory about Andre Jesen, because I read something yesterday where that name came up, but I skimmed over it not thinking of its relevance.

Quote
It sounds like Pirate's plan was to take victims' Bitcoin and use it for higher than market-rate payouts at GPUMAX.  In return, he got coins which could not necessarily/easily be traced to him.  He planned to make up the difference by manipulating/playing the currency conversion market.  He planned to be a net seller on highs and then buy up more than he sold for less in USD after he crashed the exchange rate.  Unfortunately for Pirate, the market didn't go his way.  Either it outgrew his influence or people wised up, or he played it poorly and his scheme was up.  He found he wasn't able to swing the market enough to buy back the amount of Bitcoin necessary to pay his returns and has now defaulted.

Possibly, but at some point during all this, a while back I say, he was already planning on making his epic asea run. About a month prior to Defcon, he posted that you can meet him eye-to-eye, but afterwards there's yet to be anybody who claimed to have seen him. Soon after Defcon was over, parrot shit started hitting the fan.

~Bruno~


There were several people who met with him in Vegas: giga,goat,burtw,copumkin,reeses. Just to name a few
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
September 01, 2012, 10:20:16 AM

Its the power of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.


Tell us one scammer who has been nailed so far.
Tell one scammer who hasn't nailed so far using Bitcoin.
They get caught before they can run away. That is what important than any other thing.
It makes money can be recovered by all legal & other ways.

Tom Williams.  Andre Jensen.

I'm going to have to refresh my memory about Andre Jesen, because I read something yesterday where that name came up, but I skimmed over it not thinking of its relevance.

Quote
It sounds like Pirate's plan was to take victims' Bitcoin and use it for higher than market-rate payouts at GPUMAX.  In return, he got coins which could not necessarily/easily be traced to him.  He planned to make up the difference by manipulating/playing the currency conversion market.  He planned to be a net seller on highs and then buy up more than he sold for less in USD after he crashed the exchange rate.  Unfortunately for Pirate, the market didn't go his way.  Either it outgrew his influence or people wised up, or he played it poorly and his scheme was up.  He found he wasn't able to swing the market enough to buy back the amount of Bitcoin necessary to pay his returns and has now defaulted.

Possibly, but at some point during all this, a while back I say, he was already planning on making his epic asea run. About a month prior to Defcon, he posted that you can meet him eye-to-eye, but afterwards there's yet to be anybody who claimed to have seen him. Soon after Defcon was over, parrot shit started hitting the fan.

~Bruno~
legendary
Activity: 1855
Merit: 1016
September 01, 2012, 05:27:07 AM
Maybe, still Bitcoin scammers cant scam that easily.

Tom williams case is called theft.
hero member
Activity: 868
Merit: 1000
September 01, 2012, 05:00:07 AM

Its the power of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.


Tell us one scammer who has been nailed so far.
Tell one scammer who hasn't nailed so far using Bitcoin.
They get caught before they can run away. That is what important than any other thing.
It makes money can be recovered by all legal & other ways.

Tom Williams.  Andre Jensen.
legendary
Activity: 1855
Merit: 1016
September 01, 2012, 04:22:53 AM

Its the power of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.


Tell us one scammer who has been nailed so far.
Tell one scammer who hasn't nailed so far using Bitcoin.
They get caught before they can run away. That is what important than any other thing.
It makes money can be recovered by all legal & other ways.
hero member
Activity: 868
Merit: 1000
September 01, 2012, 04:18:42 AM

Its the power of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.


Tell us one scammer who has been nailed so far.
legendary
Activity: 1855
Merit: 1016
September 01, 2012, 04:17:09 AM
Internet detectives shouldn't be required.

Indeed. Probably the IRS and other 3 letters agencies would love to hear about this story and would work for free exacting revenge.

It's always kind of amazed me that people mostly ignore the possibility of getting caught up in a money laundering or tax evasion investigation when they invest in some of Bitcoin's more sketchy enterprises.  Losing money isn't the only thing they're risking.
Its the uniqueness of Bitcoin network.
Both Bitcoin & forum members helps to nail scammers in head.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
August 31, 2012, 03:23:08 PM
It sounds like Pirate's plan was to take victims' Bitcoin and use it for higher than market-rate payouts at GPUMAX.  In return, he got coins which could not necessarily/easily be traced to him.  He planned to make up the difference by manipulating/playing the currency conversion market.  He planned to be a net seller on highs and then buy up more than he sold for less in USD after he crashed the exchange rate.  Unfortunately for Pirate, the market didn't go his way.  Either it outgrew his influence or people wised up, or he played it poorly and his scheme was up.  He found he wasn't able to swing the market enough to buy back the amount of Bitcoin necessary to pay his returns and has now defaulted.

It's likely they he probably has a bunch of "clean" coins from GPUMAX mining that he's hiding as well, but it's definitely not enough to pay everyone back.  What remains to be seen is what will happen with GPUMAX now that BTCST has collapsed.  I suspect either payouts will 1) drop to below market as Pirate attempts to pay BTCST victims 2) drop to a non-inflated rate now that there's nothing coming into BTCST or 3) it will collapse completely.

Anyway, that's is my theory.

sounds logical!
hero member
Activity: 868
Merit: 1000
August 31, 2012, 03:28:03 AM
Internet detectives shouldn't be required.

Indeed. Probably the IRS and other 3 letters agencies would love to hear about this story and would work for free exacting revenge.

It's always kind of amazed me that people mostly ignore the possibility of getting caught up in a money laundering or tax evasion investigation when they invest in some of Bitcoin's more sketchy enterprises.  Losing money isn't the only thing they're risking.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
August 31, 2012, 03:16:56 AM
Internet detectives shouldn't be required.

Indeed. Probably the IRS and other 3 letters agencies would love to hear about this story and would work for free exacting revenge.

Not free. The cost might be higher than you can imagine.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
August 31, 2012, 03:09:05 AM
Internet detectives shouldn't be required.

Indeed. Probably the IRS and other 3 letters agencies would love to hear about this story and would work for free exacting revenge.
hero member
Activity: 868
Merit: 1000
August 31, 2012, 01:35:06 AM
Internet detectives shouldn't be required. Its as if pirate is trying to make sure Matthew has no chance of winning his bet. I mean, just PM an address for certified mail... PM an address for his attorney...

Goat ASKED him for his lawyer's contact details and he didn't provide them.  He said that information will be available on Friday.  He appears to want the lender information from the PPT operators before he gives out the contact information for his lawyers and people are rightly suspicious of that.
hero member
Activity: 616
Merit: 500
Portland Bitcoin Group Organizer
August 31, 2012, 01:23:12 AM
Internet detectives shouldn't be required. Its as if pirate is trying to make sure Matthew has no chance of winning his bet. I mean, just PM an address for certified mail... PM an address for his attorney...
hero member
Activity: 868
Merit: 1000
August 31, 2012, 12:34:40 AM
The guy hasn't confirmed his identity. most of this makes no sense.

People who've actually met him have confirmed that he's the the same person who has an online presence as Trendon Shavers.  There's a photo of Goat sitting next to him.  Various other pieces of information confirm that he's the real Trendon Shavers and not just someone who has hijacked that identity (the whole family uses a lot of social media - there's a lot of old shit hanging around which is easily found and plenty of photos).
hero member
Activity: 868
Merit: 1000
August 31, 2012, 12:22:11 AM

I will only have my lawyer send certified mail to other lawyers :/

Based on the comment he made to you on IRC, certified mail is the only form of communication his lawyer will be using (helps rein in legal expenses, anyway).
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
August 30, 2012, 11:40:47 PM
I will only have my lawyer send certified mail to other lawyers :/

If you'd rather not involve lawyers, https://bitcointalksearch.org/topic/service-arbitrationmediationdispute-resolution-20985
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
August 30, 2012, 11:28:52 PM
The guy hasn't confirmed his identity. most of this makes no sense.

the people on the forum seem pretty certain of his identity, even going so far as to call previous employers.. I'd say thats enough info to send him a certified letter.

I will only have my lawyer send certified mail to other lawyers :/

LOL, now you're just making excuses.
Pages:
Jump to: