Bitcoin Forum

What happened::

A website http://scryptasic.org/ (Scrypt ASIC International) is claiming to be soon releasing a 50 MH/s Scrypt ASIC miner. The owner posts announcement on Reddit (http://www.reddit.com/r/litecoin/comments/1ipvpe/company_about_to_start_selling_scrypt_asics_uk/). The owner registers on cryptostocks.com and begins selling shares.

In the thread discussing scryptasic, user CaptChadd suggests to buy the cryptostocks shares:

https://bitcointalk.org/index.php?topic=259640.msg3350152#msg3350152

Same thread, user kramble notices that the Gravatar picture of owner of scryptasic site match CaptChadd's profile picture:

https://bitcointalk.org/index.php?topic=259640.msg3349969#msg3349969

Same thread, I summarize that it's highly unlikely to be just a coincidence:

https://bitcointalk.org/index.php?topic=259640.msg3351314#msg3351314

Same thread, user MaGNeT submits proof that CaptChadd is really the owner of scryptasic scam:

https://bitcointalk.org/index.php?topic=259640.msg3352335#msg3352335

Edit: CaptChadd has explained his involvement in scryptasic below.

Scammers Profile Link:

CaptChadd, https://bitcointalk.org/index.php?action=profile;u=61493

Reference Link:

https://bitcointalk.org/index.php?topic=259640.msg3351314#msg3351314

Amount Scammed:

None personally. However, shares on cryptostocks.com have been bought by those who believe this is a real product.

Payment Method:

N/A

Proof of Payment:

N/A

PM/Chat Logs:

N/A

Additional Notes:

N/A

From the topic referred to:


Captchadds personal picture (from captchadd.co.uk) is taken inside the Grand Harbour Hotel in Southampton, it seems.
The other pictures have GPS locations pointing to West End Road in Southampton.

I suppose the truth is going to have to come out even though my involvement was supposed to be anonymous.
 
The guys behind SAI, not the website but the actual team are based in Hedge End Industrial Estate,which is only a 5 minute drive from me. Google maps will show you, I'm West End Road.

I met one of the guys behind it, called Scott in my local pub and started talking to him, as I heard him talking about Cryptocurrency's and I have never heard anyone offline talking about it.
 
Long story short, I agreed to set up a website for their interesting project but I stressed to them on a silent contract bases which they were happy with, as I didn't want it to effect my other coins.
 
The reason, was in case they don't produce the goods or if they do, its a year wait like BFL and who would get the flack, it would be me but I'm not the one building the things, I just make a website and sorted them out with their Cryptostocks so they can get extra funding for the second project the Unit 1 Mini.
 
It's been hard, as to start of with, I was not even allowed to look at any of the hardware. Then Scott one day saw the Mini PC that I bought and he really like the case so he has used that case for all of his builds.

With the truth out I ask if everyone can still use the official SAI email and not come to me with business questions please.

I just get an email from Scott Davenro who runs customer relations telling me what to update on the website or anything else online.

Also I apologise for posting in a way that might look like I was promoting the website and their stocks but it is true that I have bought 10 shares as I do believe what they tell me about their projects.

The money from the shares goes to them as they need funding for their Mini device.

I could ask them if they would like to sponsor the Scrypt FPGA project that you mentioned and give them a cut of their share sales.

I could be wrong about them, if that's the case then I will be getting scammed with the shares myself.

However I and all the other share holders have received two dividend payments already.

And also all the coins listed I either developed, worked on in the past or work on now. Some of which has been announced on the Cryptocoin forum.

Once again I am sorry for the secrets and it will never happen again.

I enjoy this community so much and would hate to lose it.

Based on the reputation you have on Bitcointalk, I give you the benefit of the doubt.
I'm very cautious and suspicious after getting scammed by John/Mike of the PhenixCoin team.

I think it isn't smart to put pictures online of a PC with a GPU. Everyone with a bit of computer knowledge will think it's a scam. It's better to show the end-result or even a bad drawing.

By the way, could you change the default folder for Bitcoin Scrypt to Bitcoin2 or BitcoinS in a next update?  :)

Sorry for being blunt here, but you're either part of the scam, extremely gullible or just overly excited to have met an "ASIC manufacturer" irl.

Facts:

• Their CGMiner screenshot (http://imgur.com/qayd0Id) makes absolutely no sense.
  
  The only device (GPU 0) is mining at 459k user difficulty (solo mining), yet it is submitting diff 63 shares.
  
  50,000 Kh/s would produce either 727 diff 63 shares or 0.1 diff 459k shares per minute. Yet, the screenshot shows the value 5.36.
  
  
• "ASIC to Scrypt conversion" isn't even a thing.
  
  Sure, application-specific integrated circuits (ASICs) for scrypt mining could exist some day, but that's not what they're talking about.
  
  They intend to use a GPU to somehow magically convert ASICs for SHA-256 mining into ASICs for scrypt mining. That's not possible. LTC's scrypt uses 1024 iterations of a Salsa cipher (SHA-256 is applied only four times), which is an entirely different algorithm. ASICs are called application-specific for a reason.
  
  
• They don't have to attempt to sell a single device.
  
  25,000 Cryptostock shares at 0.05 BTC each gives 1250 BTC or ~180,000 USD. People have gotten their hands dirty for a lot less.

For me it boils down to faith and the willing to take a risk to get to the front of the queue.

I had faith in BFL but I am still waiting for my 25GH miner and cannot get a refund.

CaptChadd, as much as I hate accusing other people, I think it's pretty clear that you've been lying about your involvement with scryptasic and trying to get people to buy its shares.

I'm tempted to post a warning to Cryptostocks since I have an Asset on there and can post to site Announcements.

How are they paying dividends when they have not release there product for sale?

They have sold 8 BTC worth of shares, and paid a dividend of less than 1 BTC.


"Dividends will be paid out on each batch release day with the first one in two months time and with 25 Unit 1′s."

"Dividends will be paid out from our monthly sales profit from each batch we release."

16 Oct 12:07 "Paid out first Dividend. This dividend is only based on 1 days business, next one will be a months worth."

17 Oct 04:24 "2nd Dividend Paid Out. The next dividend should be in a weeks time."

---

This line sold it all for me

In built 500 Watt PSU due to the increased power supply demands mining using the scrypt algorithm while using our custom ASIC to Scrypt conversion technology.

I was in an Scottish bar the other day and to my amazement I met another barn wood furniture maker guy in RL. We got a talkin' and I was so impressed with his design I offered to build and maintain his website due to his lack of knowledge for such things. He started selling shares for his new concept, whereupon I purchased 10 shares.

The concept he shared with me was rather remarkable, for he takes barn wood, which is quite heavy, then converts it to produce a much lighter material that's used to build the following:

http://img4.wfrcdn.com/lf/49/hash/17580/5446843/1/Compamia-Sunshine-Rectangle-Table.jpg

I asked Scottie what it is, whereupon he replied, "It's green!"

.

For those not wanting to wait for their pre-ordered tables due to be delivered Spring 2014, Scottie and I are selling batches of its core material available exactly 100 days after receiving payment via bank transfer or bitcoins only.

http://www.dap.com/images/products/21141_2001.jpg

As far as your accusation goes, Scottie was producing scrypto plastic from barn wood, while your great-grandfather was still in diapers!

WOW!


I remember when I was younger, an ex-girlfriend caught me cheating on her. Since I loved her pussy so much, I cried and begged her not to end the relationship, for I would never do it again. Guess what! Less than a week later I was fucking another sweet pussy while in relationship with that other gal. Remember, I promised with tears in my eyes.

Will I ever do such again? Probably! But, less likely, for their ain't many sweet pussies to be had affixed to senior citizens, hence humorously fantasizing about goats.

http://thecryptoblog.com/scryptasic-org-scam-possible-connection-to-captchadd/

:)))))))

Look at the website again, all your information is out of date and wrong. You are now trolling.

And your website post is now getting abusive to me. All I do is update the website with what they say.

I am not trolling. If we've proven that the website is a scam then what is the purpose of your continuation in this fraud? Simply by stating so, regardless of what happens you will be held accountable as it is your website, and you're the one updating it. Just because that is your only affiliation with this company does not mean that your reputation will not tarnish as it already has.

I have a feeling that BigVern (https://twitter.com/cryptsy) is in on it. Care to guess which Tweep he ONLY follows although has 752 followers? He's also one out of a possible half dozen max that are members here: http://support.scryptasic.org/index.php. Pretty interesting guy this Vern is. I was really surprised to see what he states his home town, for I'm also closely monitoring a guy that uses (un)said name as his last name.

Hi CaptChadd

Were you in the British Army for 10 years?

This will be short, as Scott at this moment in time is is gutted that someone in the community has done this and tomorrow is bringing in lawyers to get Beboo to release the IP address of who made that account and take it further.

Why on earth would I use a photo that my wife to be took, just after we got engaged moments before, use that on Beboo (Trashy Site, malware for it everywhere) but then put my name randomly as Scott Davenro?

We all know my first name is Dave and loads of people on here would vouch for that.

Just search CaptChadd on Google, I am everywhere, with my name as David, I would not do something so stupid which could AND might ruin SAI.

This is a setup, plan and simple and I am the scapegoat. Why? Because Extremecoin has been doing quiet well the last few weeks? God knows why.

Pathetic.

I was wondering if there is any more news about this company - their shares are still on CryptoStocks and people are still buying and selling them.  They also continue to post tweets acting as though the product will be released to the top 250 shareholders.  But there are still a LOT of red flags.

As mentioned above, how are they paying out a dividend without any SALES? They state that the dividend is from "one day's business" - How are they generating revenue, and if they are, why is it not going into the development of their first product? To me this is a classic ponzi scam where they are taking money from selling new shares to pay off people who bought in earlier and to make themselves look legit.

Also CrytpoStocks says 110,000 shares were issued. But the company on their forum claims that most shares were "pulled' and only about 16,000 shares were sold.  I've gotta believe that CryptoStocks is accurate in reporting the number of outstanding shares.  This is a huge factor because getting in that top 250 is much different if thereare 110k shares verses just 15k.  Again, I think this is a scam to get people to buy a few shares and keep the value of their stock up.  I am going to email CryptoStocks to try to get some clarification.

If anyone else has any news or info please let us know!

I'm just getting caught up on the status of SAI Unit 1s and it appears that it will not be possible to reserve one at all. First come first served with shareholders hearing first? That is going to be a clusterf*** the instant it is mentioned.

Latest Tweet:

Scrypt Asic Int @ScryptAsic
It's sad to see him leave us but CaptChadd who hosted our website is going to concentrate on his Extremecoin. We wish him the best.

Hmmm wondering if they gave him the BTC from the share sales as a going away present?

I'm not convinced they have a real product. 

They've shown us a faked mining screen which has been explained away as someone else's fault, and a picture of a heat sink on a board.  Communication has been very lacking except complaints about shareholders and "slanderous" comments.  They keep leaking more shares into CryptoStocks after promising not to, and have posted outright falsehoods about not being able to track who holds shares and how many.

Whether CaptChadd is/was involved or not, there's too many red flags on this "company".

Them basically "validating" Chad's story of being an "innocent web developer" is extremely fishy as well.  And now that Chad is "leaving" - he is trying to salvage his online reputation before this ScryptAsic fraud blows up. If anyone follows their twitter they are changing the "rules" again because they claim to have no way to tell who the top 250 shareholders are (yeah right cryptostocks doesn't keep track of how many shares people have). So now they will have a "first come first serve basis". Yeah they screwing people they told would get miners for owning lots of shares. Shit is gunna hit the fan and how convenient for Chad to "leave" right before it does.


What a joke.

CaptChadd is the sole owner of Script Asic International Scam!

He has now been confirmed scamming about Bitpay, Cryptostocks, and of course the Scrypt ASIC that never existed.

CaptChadd should very afraid right now. He will be brought to justice.

I don't think so.

I am out of that SAI mess. They are all over the place, changing their minds everyday.

I want nothing more to do with them and also I am too busy developing Extremecoin to be dropping everything everytime Scott wants yet another thing change.

My advice.

Stay away from SAI but that is only my advice.

Anyway, I have more important things to concentrate on, like services for Extremecoin and promotion of it.

If I hear nothing back from Scott about the website then I will just redirect it to that Alpha company or something as they seem more of a safer bet but again, that's only my opinion.

SAI started imploding 3 days ago - the share issuers pumped out as many shares as they could to eat up all the buy orders. Even the stupid ones at the very bottom of the order book. The ONLY explanation is the scam has been exposed and the share issuers are trying to squeeze out every last satoshi before they cut and run.

So thanks for your comment above of 'dont trust these guys' which you are putting down in words so that you can point to it later and say 'I warned you guys off them - it can't possibly be anything to do with me'

But you are too late to retain any semblance of distance from this scam. You waited until the scam was complete before you posted anything.

For anyone interested, go read here: http://scryptasic.org/forum/index.php?/topic/298-general-sai-and-miner-chat/

Notice any similarities with the wording and language between 'Scott Davenro' and CaptChadd?

You mean the English language? Yeah that would be the same as we are both from the UK.

Way to go to answer my whole post.

Queue the applause for the issue-dodger extraordinaire!

EDIT: In your defence Chadd, perhaps you and Scott are not necessarily the same person. But you are certainly connected with this scam more deeply than your first confession (which by the way was after weeks of denying any involvement at all). Is Scott an old school friend? lover?

I hosted the website and ran it. That it.

Going through the process of handing the domain over to them this week.

Believe what you want. My sole focus is Extremecoin and developing services for it.

Thanks for making your position clear.

Having now renounced SAI, would you like to comment on allegations that they are a scam?

If they do turn out to be a scam would you be willing to reveal Scott's identity and location so that affected shareholders know where to point their lawyers?

They made me sign a non discloser aggrement due to the nature of the project.

Are you asking me to give you his name and address?

Then a week later he ends up in a random car accident?

See you in court... Or worse. Scammer.

What have I scammed?

Show me proof in total Bitcoins.

Domains is not proof, I had hundreds.

Just show everyone hard proof of the total amount I can scammed.

Not at all what i am asking at all. Not everyone is a vigilante thug you know.

I am asking that if this turns out to be a scam, and legal action is taken, would you be willing to disclose the full name and address to the lawyers involved?

Usually the claimants lawyers would contact you to get this information. The information you give them would be under a confidentiality agreement, usually drafted by your own solicitor. If you believe that harm may come to Scott by disclosing this information then you can instruct the lawyers to keep the information confidential from the claimants (obviously the lawyers and courts will know)

NDA's between private individuals do not hold up if they prevent crimes from being reported or from being investigated by the relevant authorities.

Helping out in this way would go a long way to exonerating your involvement in this debacle. Refusing such a simple and legally clear request only strengthens the case that you are indeed heavily involved.

http://s22.postimg.org/jm6uxayx9/Screen_Shot_2014_01_06_at_13_51_01.jpg (http://postimg.org/image/jm6uxayx9/)

It would be funny if the guy in that picture was actually some poor sap who had his identity stolen to put a fake face on this scam.  :P

However....Wasubii appears to be correct. This is all a pack of lies. And I was stupid enough to buy 99 shares of that crap which are now worthless. Color me gullable. I have been scammed twice this month for a total of 1.75 BTC. That's what greed gets you. I'll look back as a lesson learned when I'm spending my Earthcoin millions in a few years :)

Is there any hard link between sai and litecoinbank? The stock of ltcbank is been dumped as well! Both are wp-sites and have the same logo style.
Can we organise to have our bitcoins back from Chad at IPO price per share?

LOL
I guess the good captain finally did get a business started... seemed to be his goal from day 1.

Not that i know of.

Co-incidence does happen so please get some proof together if you think it's him.

We have been over this already. The badoo thing is obviously a plant to try to hurt SAI or me. Why on earth would I call myself Scott Davenro on a dating site when it's all over the internet the my real name is David with my username always being CaptChadd for over 10 years.

Why is this thread now bringing up old stuff already discussed in the thread.

If you are going to try and find dirt on me at least make it new stuff with facts to back it up.

And back to my question that never got answered.

What has actually been scammed, how and how many Bitcoins?

My "buisness" used to be BBQcoin, now is Extremecoin and setting up a local IT Support company.

I have been on here for two years, do I not even get given a chance?

So far there has not been any proof or facts that I have scammed anyone out of even 1 Bitcoin.

Here's the organized retreat message from the forum from "Scott".  Watch scryptasic.org disappear within the next few days, along with investor coin.

From http://scryptasic.org/forum/index.php?/topic/298-general-sai-and-miner-chat/?p=1025

The question asked repeatedly was, "Why are you still dumping shares?"  And this was the answer.

Extremecoin.org and scryptasic.org have the same exact IP address.

Both domain WHOIS records are almost identical and both parked at nameservers on Host Gator.

So Chad not only hosts the scam website but also registered the domain. He tries to say he ONLY hosts the site.  And to try to back up his lie, SAI (who is also Chad) posts that chad has left and is no longer hosting the website.  yet the site still remains on his server along with Extremecoin.

There is no doubt Chadd and SAI / Scott are the same person.

At this point I think it's time everyone who has got burned by this scam work together. If you look at the SAI forums, the company (Chad) is now basically mocking the users saying things like "just try and sue us" and "good luck explaining to the police what bitcoin and cryptostocks" are.

We can easily get a court order to get IP address information from CryptoStocks to see who is logging into their site to manage the SAI account. Then we can use those IPs to find a physical address.

First thing we need to do is file a police report. I can take care of that in the US. Anyone able to do so in the UK as well?

Chad can you please explain why the SAI admin account was using the same avatar you use here? I am referencing this thread: https://bitcointalk.org/index.php?topic=259640.60 - right after someone on the forums noticed this it was taken down almost immediately.

If you were just doing their website, and met "Scott" at a pub and were friendly with him, why would SAI use your picture without your approval? And if they did why did you continue to work with them?

I saw the samen stock owner behavior. They both dropped stock at 1/10 of market price and keep dropping shares. I posed the question to CryptoStock:

Q: are the projects SAI and LTCBANK owned by the same owner?
A: We can't confirm that, but we assume they are.

I posted this at SAI forum: my post was instantly deleted! http://scryptasic.org/forum/index.php?/topic/298-general-sai-and-miner-chat/page-8#entry1031

your post is still there, for now:  http://scryptasic.org/forum/index.php?/topic/298-general-sai-and-miner-chat/?p=1031

The calculation: all sold shares, minus payed dividends (3,99 BTC)

at 0.05 BTC +/- 415 shares
at 0.01 BTC +/- 14000 shares
at 0.005 BTC +/- 5000 shares

0.05 * 415 + 0.01 * 14000 + 0.005 * 5000 = 185,75 BTC - 3,99 BTC = 181,76 BTC ~ 180.000 USD

The LTCBank website and domain record are not consistent with SAI / Extremecoin.  So Chadd either hid his tracks better this time or they are not connected..

Does anyone here have the ability to archive the ScryptAsic.org forum posts / announcements and/or twitter feed for reference before they disappear?  Just in case anyone needs the conversations / announcements for proof?

Any webcrawler can do it (black widow). You can do that manually with a auto scrolling screen capture tool like hypersnapdx.

Forums gone. Deleted just like we thought.

And poof

The scam is complete

I like how scammers always think that by "deleting" something on the internet it makes it not exist. Instead it's always just further proof of their guilt.

I have full screenshot records of the last page (page 7) of the SAI thread. If anyone wants them please PM me.

If anyone has any of the other pages recorded, please PM and I will build up an archive of evidence. I will make this freely available to anyone who asks for it.

Evidence is forthcoming in court. In the meantime you can start by addressing tripmode's evidence against you.

Also got the last page in my browser cache. Unfortunately, no other pages. It's strange to see that when we talk about creating an archive of the forum on this board, a delete appears though "Scott" never reach bttalk. Anyways, I don't get why ppl steal placing orders on cryptostocks. Unless... Unless they are placed by Chadd himself to still create activity...

Oh come on chadscott why did you delete the forum, we were just having fun

Un-frickin-believeable!


   Shares held publicly      21,810


He is STILL dumping shares at any price.

and people ARE STILL BUYING THEM!

Do they actually believe they can pick up shares at 0.0009 and the company that has 'bought out' Scott is going to reimburse them up to 0.01........

If you believe that you will lose you BTC through this scam or the next

And Scott gets off with an extra few BTC. cunt.

Satoshi Nakamoto - hear our prayers.....

Is it possible to contact CryptoStocks, let them know what is happening and request to stop trading on SAI?

Is there someobe who is able to trace the bitcoinflow? Wallet relations and transactions?

I am just posting this as I can't reply yet to the other post that is open about CAPTCHADD who is most likely responsible for SCRYPTASIC con.
Captchadd who is also known as David Spanton (I hope it is a coincidence as David Spanton is a renowned  conman that got done for a 4 million pound ticket fraud a while ago) is the only one connected to SAI. I wouldn't be surprised if Captchadd is a fake personality online with fake facebook account (but who knows, captchadd knows) For somebody who has been very close connected to a scam company he acts now as if he wants nothing to do with them. Funny how the last tweet of the company was that they are sorry to have to let the webhoster CAPTCHADD go. How likely is it that a company announces this just before
the company goes into tears. It just doesn't make sense. Captchadd will no doubt come up with a lousy explanation but listen man you are no doubt the only one that has ties with SAI, Scott Davenro is a personality that doesn't exist online. Your mentioning you had to sign an agreement not to mention anything about them, does this agreement still stand now it turns out your name is blackened due to the fact that you are hosting and created a website that offered services that do not exist?
How likely is it that you encounter someone in a pub that is on the verge of creating a mining machine that at first nobody was able to do. Are you really telling me that you were lucky/unlucky enough to meet these guys by accident in a pub and that exactly then they were ready to setup a website and well by pure chance you came along (luckily also someone who spends most of his time dealing with BTC and altcoins). You want me to calculate the chances of that happening in Southampton? It is as likely as winning the lottery without having a fucking ticket!

If asked if he is willing to work on a police investigation he doesn't answer. The way he explains that he walked up to the SAI team by accident in a pub in Southampton says it all. The way he describes this story
is exactly the same as Scott Davenro answered certain questions. There is no logic to it, answers you expect from somebody who is afraid to be discovered not from someone who clearly has nothing to do with it.

Just to mention a report is placed to the police in the UK/ USA and I will report one in the Netherlands as well, I would advise everyone in any country to get in touch and make a report and I have asked cryptostocks details as to what they could mean for those who have lost out on the scam. In the UK there is a website Actionfraud where u can report the fraud online.
Maybe it is better to keep the posts under this thread as not everyone is able to post on the new thread. Not everyone has been active on BTCtalk.

Could we make a list of all the people that were involved in this scam and lost out. I am surprised that sofar only few people have been reacting. Whereas there must be at least 40+ who had substantial shares.
I sold my shares just in time but I want to see this guy go down, also I am interested to see if it is this easy to scam someone and get away with it.
If so I would be very very careful with putting any money on cryptostocks.

to be continued! Oh yeah Captchadd if you feel you have a bit more of an explanation to give please do not hesitate, as of now from my point of few, you are guily untill proven innocent. I will say again, I highly doubt you got involged in this by accident.

Also cryptostock can only provide IP address and BTC address to police. They will change this in the future.

I started a post in the newby section as not everyone has a full access account maybe it would be better to keep the post going there. Let me know what u think.


https://bitcointalk.org/index.php?topic=403316.0

Dear All,

I have CaptChadds full name and a few other bits of information. I have filed police reports and fraud reports. I suggest you do the same. Let me know by PM if you need details

http://www.actionfraud.police.uk

Can you please share it or PM to me? I would like to fill the report too. I'm outside of UK, but the more reports we will the bigger are the chances police will act. Even if this CaptChadd is not a main scammer, he knows this "Scott" for sure. This people should be brought to justice. They literally stole the money from people who believed in them.

P.S. Stocks: 24,410. This piece of shit keeps selling his shares, dumping the stock rate deeper and deeper.

Very Fishy, when you go to scryptasic.org it goes to ALPHA TECHNOLOGY, THEY ARE BOTH FROM UK...ARE THEY SAME ORG. BEHIND SAI

I hope this is the reason
https://bitcointalk.org/index.php?topic=314402.msg4419850#msg4419850
Getting very worried about my viper investment though, would appreciate if someone can confirm what's going on

Alpha has confirmed they have no affiliation with SAI

https://twitter.com/ukalpha

CaptChadd

Where have you gone? I suppose its useless for you to try to deny it any further...
But it was fun watching you wriggle.

Why don't you come back and entertain us some moar?

perhaps Captain scamtastic has relised he has made it into the lucrative 99.9% club..
A club only available to the 99.9% of scammers who get away with it.

I am abit disapointed.. i thought this thread was going to be really funny :( Thought we were in for a real treat after the comical twitter update.
While the ol' ignore tactic is a proven winner, its adds no entertainment value for us. Very selfish Capt Chad.. very selfish....
atleast amuse us while you cash out.

the most unbelievable part of this whole story is how cryptostocks still can keep listing SAI.

So Chad has redirected the scryptasic.org site to alpha-t and has shut down the twitter account. He is also completely ignoring the allegations.

I am going to start another thread soon with an action plan for the community to deal with this. If scammers can get away with something so blatant as this it will encourage more of this behavior in the future. And that is not good for our community.

+1

+1

Please post the link to the new thread here

in4 be he tells everyone he has a personal issue and has to leave for a while

Just in case there is any doubt that CaptChadd/David Spanton is a fraudster, huckster and all around scamster. Scott Daverno has been a figment of David Spanton's imagination since 2008. Here is the Facebook link and a screenshot for when its taken down.

https://www.facebook.com/photo.php?fbid=100775225396&set=pb.725630396.-2207520000.1389500187.&type=3&src=https%3A%2F%2Fscontent-a.xx.fbcdn.net%2Fhphotos-ash3%2Ft1%2F1178_100775225396_9602_n.jpg&size=397%2C604 (https://www.facebook.com/photo.php?fbid=100775225396&set=pb.725630396.-2207520000.1389500187.&type=3&src=https%3A%2F%2Fscontent-a.xx.fbcdn.net%2Fhphotos-ash3%2Ft1%2F1178_100775225396_9602_n.jpg&size=397%2C604)

https://i.imgur.com/vngSgMQ.png

I filed an FTC report on him under this number 50795003. Anyways, hope others are doing the same. Hate to see a scammer get away.

This will probably be taken down very quickly (as soon as David sees this) but i can confirm that bigdaub's picture is real. It is posted on David Spanton's (CaptChadd) Facebook and the image is public.

This fucking guy... He isn't even smart...

whoever started the scryptasic2 on twitter, great job!

everyone should know the truth about this guy.

all, if you havent seen it yet, please check that twitter account.

Thanks for the hint. It feels bad to be scammed, but it feels good when people don't just give up their hopes and coins and try to punish the scamming bastard. Also filled the fraud police report on this guy. I think every scammed person should do at least the same.

And yes, wasubii, this guy is dumb as shit. Leaving so many evidence... Even Dreadful Pirate got caught, and he was way too smart than David. Leaving his personal address to cryptostocks. Maybe this guy is schizo?

i wish other people could see these tweets on david's account but it seems he has blocked it.

i hope someone can figure out his family/girlfriend whatever and show them everything. he deserved this.

I have full information on him including fiance, also several screenshots confirming the Scott Davendro identity is tied to him (appeared on his Facebook a few times dating back to 2008) as I went datamining when I thought this was a scam a few weeks ago. He uses Scott Davendro for dating sites too, one of which is a verified account (you have to sync up G+ or FB and it can't be a new account).

I'm currently traveling but will compile a full update with information to go to the police and such when I can since CaptChadd has unfortunately rejected my offer to make things right before he ruins his life and accused me of blackmail.

Watching with interest as I ashamedly have 50 worthless shares in SAI that I'd love to get my money back on.

MWAHAHAHA

Thank you @ScryptAsic2

http://whois.domaintools.com/pcgamekeysgiveaway.com


Registry Admin ID:
Admin Name: David Spanton
Admin Organization:
Admin Street: 5 West End Road
Admin City: Southampton
Admin State/Province: HAM
Admin Postal Code: SO18 6RW
Admin Country: GB
Admin Phone: +44.1980755255
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email:


All the info about scammer, including his home address and phone number.

You should return us our fairly invested money, Captain Shit.

You shouldn't say things like that even in jest - it doesn't help anyone

How much money did he take?

At least BTC150

Probably closer to BTC180

A laugh always helps people.

Its like getting on a plane and shouting that you have a bomb strapped to your body. Hilarious.

+1. People, don't forget that this topic is probably monitored by police, because it's directly indicated in several fraud reports for CaptShit, in mine for sure. No need for violence (even oral violence) where the law is working. I think UK is this case.

funny how scryptasic.org is now forwarding to alpha technologies site.

Dont read to much into it IMO

Before closing the website down David claims that another company has bought SAI and that new company is going to make good on everyone's shares.

So now he has redirected his site to Alpha's, supposedly to make us think that Alpha are the ones 'buying' SAI.

Alpha have confirmed on their twitter feed that they have no affiliation whatsoever with SAI.

I'm holding my worthless shares pending restitution from someone involved. If I just sell them for a fraction of cost now, I get nothing...unless someone wants them for the idiotic .0075 I paid ;)

ya hold onto them.
dont give him the satisfaction of being able to buy them back for 100000th the price and then being able to say he didnt "scam" anyone.

News from CryptoStocks: (https://cryptostocks.com/announcements/530)

i think we should change the title of the thread now. "very likely" isnt necessary anymore.

Now I can't sell the shares at any rate - Apparently it is already delisted.

The last 150 times this has happened... no one went to confront anyone... and people ended up with what.. 6% if theyre lucky ???
why dont you guys do it differently this time, and perhaps achieve a diff outcome ?
Its like when they solve murders, or paramedics/doctors.. the first X hours is crucial.

not saying go there with violence in mind or anything like that.. but the longer you wait the more chance he 'has to leave town for sick family member' or 'zomg sorry i lost the wallet passwd'

evverrry other time this happens after like 2-3 months of bad mouthing the person on forums and facebook, which has no affect, they speak of legal action and by then its to late. if legal action took place chances r the judges would just allow the cretin to pay back $2/week.

No doubt this scam will end up like all the others and he will get away....... unless you do something differently... otherwise why would it end diff ?????

go get funds...

If there is any doubt about CaptChadd/Scott Davenro/David Spanton - here is his twitter profile + picture  ???

Also if this is the same person he might have previous http://www.thefreelibrary.com/BRITAIN'S+BIGGEST+TICKET+SCAMS.-a0316117328

Which means hopefully the police should take this seriously....

If anyone is thinking of civil action I might be willing to join in.

Charity worker - thats a good one...

https://dl.dropboxusercontent.com/u/53047281/spanton-twitter.png

Ticket fraud Spanton (43) is not the same age as ScryptAsic.org scam Spanton (32)

yeah probs coincidence, but how do you know he's not 50ish ? He doesn't look like it from the pic, but who knows..

btw why do they say like PS3.6m. What does the PS mean? woulda thought theyd do the pounds symbol or something...?

This is getting interesting

https://bitcointalk.org/index.php?topic=325431.msg4495577#msg4495577

We shouldn't let David get away with this fraud

This address is slightly incorrect as per the 2013 Electoral Roll, and he's only been there 1 year.

Flat 5
Fir Tree court
Southampton SO18 6RW

I contacted the press about this, specifically ArsTechnica. I received a email today from Cyrus Farivar who writes there and says he will look into this.

Very good idea.

I suggest we try and push this story out to as many news organisations as possible. Local papers in Southampton would be a good starting point.

'The Southampton man who stole $180,000 worth of digital currency'

Sub headline

'Will he ever be brought to justice?'

We'd probably get a lot more attention if we really did link it to a Al Qaeda conspiracy. :P

any new developments in this? i only had 3 shares, which is nothing, but i really want to see this guy go down!

Yes, CaptChadd is an Al Qaeda operative who scammed us bitcoiners for millions to fund his terrorist operations. #NSA #AlQaeda #CIA

Capt-Chadd is Ibrahim Salih Mohammed Al-Yacoub ?

Where has Ibrahim I mean Scott I mean Chadd absconded too ?

He logs into this forum regularly.  He last posted just a couple of days ago.

Just so you guys know he's been active on JAM and BLC as well.
Just got a funding on BLC for 1 BTC here : https://bitlendingclub.com/loan/browse/lid/12393/small-first-loan-for-proof-of-my-trading-experience#comments-section

Now I do believe this guy 'did just build and update' the website & had no connection to the scam but that is just what I believe in and it can be completely wrong.

... and is late in repaying..

Reason :