Bitcoin Forum

Coinabul owes me for 4 orders dating back to june 2013, totaling 241.96btc. I had just begun to comes to terms with never seeing my gold or btc again, until I get a call from a friend who said he got an email Friday saying some of his orders had shipped. I'm seeing on here that a few other people also got emails Friday saying their orders were shipping. I didn't get any email, so I'm still fucked. Lesson is research who you do business with before risking your BTC.

ps - FUCK YOU COINABUL.

Up to that point I had received all my orders within a month of ordering, and I normally would place 3-4 orders spaced a few days apart. I had almost come to terms with the loss, until I heard about people getting shipping notices Friday.

Wow, that is a lot of Bitcoin you had. Did you try contact COINABUL before raging here?

For a month or so after placing my orders, I would get emails from "JAY" saying they should be shipping soon but nothing ever got shipped. Coinabul isn't answering emails or phone calls. Posting here is a last resort. If nothing else I will serve as a warning to others to stay far away from coinabul as possible.

You never considered filling police report  ???  If you say true story, it is simply theft.

http://bitcoinscammers.com/?s=coinabul.com

I have considered many options, no of which are doable. Since it's interstate commerce I would have to file a complaint with the FBI, and it's more likely that the feds would be up my ass about the my btc instead of trying to track down and prosecute Jay Shore aka Coinabul. I considered hiring a few hackers to track him down and I could take satisfaction from him in person, but that would likely end up with me in jail and still no gold or btc. The only option that doesn't end with me in jail, is for me to publicly shame Coinabul and warn others to avoid Coinabul like the plague.

Here is a tinfoil hat sir,

Make a police report, nothing will happen to you.

Order #100000XXX (placed on June 18, 2013 6:29:07 PM PDT)
Order #100000XXX (placed on June 20, 2013 12:21:01 PM PDT)
Order #100000XXX (placed on June 20, 2013 6:02:07 PM PDT)
ORDER #200000XXX (PLACED ON JUNE 28, 2013 11:17:36 AM PDT)


It's been 4 months, and they quit responding to emails 10 weeks ago, so I'm not holding my breath. I had accepted the loss until Friday when I heard about select people getting shipping notices, now my rage has been rekindled and I want satisfaction  :-[



@Magazine - you don't know me or my life. I can say without a doubt that if I get the cops involved I would be the one going to jail not "Jay Shore aka Coinabul". BTC may not be Illegal, but who many people are claiming the money from btc on there taxes. How many people here can say without a doubt that they isn't something in there life that the cops could fuck with them about. I don't need FEDS in my business, so move past telling me to call the cops. Cops don't help they hurt.

FUCK COINABUL and FUCK THE COPS

DirtyRandy didn't chose da thug life da thug life chose him


yolo swag money 2k13.

Still nothing, 4 months and counting.....Fuck Coinabul

good to hear this as i was at a point of considering to order from coinabul but now i'll leave it and wait where things go.

altough some ppl might chime in and say 'i got my order from coinabul' its important to stay careful as typical pyramid-scam-schemes also involve lucky agents that benefit first and do free promo.

@dirtyRandy: have you found any alternative to coinabul that you are willing to do business with so far or have you given up on this?

That's terrible, i'm very sorry for your loss, thanks for the heads up

I'm using http://www.amagimetals.com/ now. They ship within 2-3 days and I have it in hand in another 3-4 days, an average on 7 days from ordering to receiving.

I want to make this absolutely clear Coinabul is a selective scam, they keep about 75% of their customers happy and rip off the other 25%. I personally know 3 people who coinabul owes more than 10 oz of gold to. There is no need to risk your btc on coinabul when there are other reputable company's out there.


@Coinabul - In the off chance your seeing this, do the right thing and send me what I'm owed.


ps - those people getting shipments this week from coinabul, are only getting a faction of what they are owed. Don't think because they are shipping a few orders, trying to lure buyers back to them, that it's safe to order from Coinabul. Until they have settled ever outstanding order, I will continue to call them what they are SCAMMERS.

I'm one of the satisfied customers, but I bought from him way back when he first started.  So while I'm a happy customer, these other stories are giving me pause about repeat business.

just to give some background I also was a happy customer for over a year, then around June "Jay" starting sending out emails like this:

My sincerest apologies for the unforeseen circumstances leading to the delay in processing your order. Unfortunately, we are dealing with a major situation involving the banking industry in the USA - as a whole, the bankers have decided that any Bitcoin-related companies and individuals are no longer allowed to retain accounts with any financial institutions. This means that we are experiencing severe issues with elements of operations such as paying FedEx for postage, et cetera. While all of our staff are actively working to resolve the situation as quickly as possible, this means that our full attentions have been dedicated to restructuring elements of our internal operations in order to establish a long term solution.

I appreciate your patience, and we will be shipping throughout the weekend to catch up on the backlog, so you should see a few shipping notifications within the next day or two.

Thanks again,
Jay

And This:

We've been shipping as much as we can, but as I mentioned in my previous email we are currently facing extreme adversity within the financial sector that requires my full-time attention to resolve. You've ordered enough from my company to know that I've got the best intentions of all of my clients, and Bitcoiners as a whole, at heart and that I'm doing everything in my power to get as many orders pushed out as quickly as I can no matter what unforeseen circumstances come up. I'm nearing completion of a significant restructuring with long-term amelioration in mind, and I do appreciate yours and everyones' patience during this unexpected banking-hell; we'll soon be moving faster than ever before.

In the mean time, for an idea of the kind of situation I'm facing, I'm already passing $20k out of my own pocket in legal expenses fighting the banks over the last month - sounds lovely, right? That just goes to show the kind of dedication I have to my clients which I don't generally talk about which really goes unappreciated.

Anyway, you'll get a bunch of tracking information ASAP, and thanks again for being patient with the current delays,
Jay

And This:

My sincerest apologies again for these unforeseen circumstances. The queue is cut down substantially since we had significant inventory on hand during this period and were able to send everything in our vaults already. I'm going to try to get everyone taken care of within the next 10 business days ideally, although it may be shorter or longer depending on the extenuating circumstances.

Thank you for your patience, I really appreciate it!
-Jay

And This:

We'll be doing our next shipping day hopefully at the end of this week. Our banking issues are nearly resolved, we're just waiting for our last couple of bank accounts to be finalized and we'll be flowing again. Thanks for your patience, I really appreciate it - the industry-wide prosecution of Bitcoin companies and individuals by bankers is a difficult thing to overcome, but we're nearly done forming a permanent resolution. This will allow us to continue to provide a way for Bitcoiners to securely cash out without dealing with the less-than-friendly banking industry, which should prove invaluable as the banking/exchange situation will likely become more problematic for the public at large in the future.

Thanks again for your understanding, much appreciated!
-Jay

And This:

We're aiming for end-of-week this week. Thanks for your patience, I wish there was more I could do to expedite the process but the banking industry is proving extremely difficult to work with right now.

-Jay

And This was the last email I got from "Jay" on 9/12/13

Hi,

We have a shipping day as soon as tomorrow, but things will definitely start moving again any time in the next few business days. My apologies again for the delay, our hands have really been tied in this situation with no recourse whatsoever.

-Jay


Despite all the promises I am still owed 10+ oz gold and 100+ oz silver, and until I get what I paid for I will continue to call them what they are SCAMMERS!

I have a small update about my situation, I received this email from AML@coinabul.com today:
----------------------------------------------------------------------------------------------------------------------------------
Hello,

We appreciate your business as a valued customer of Coinabul.com. In order to help combat money laundering and other illegal activity, we must request some documentation from you in order to process your shipments. Please note that after this documentation is provided, we will keep this information on file in order to process your future orders expediently. We will not share your information, and if you request we will procure sensitive information verbally where possible in order to protect your privacy via electronic transmissions.

Thank you for your understanding, and we look forward to answering any questions you have.

Please provide each of the following to aml@coinabul.com:

Legal Name

Social security number / Tax Identification Number

Copy of identification documents as outlined in “Business Accepted Photo ID” section

BUSINESS ACCEPTED PHOTO ID

Driver’s License (state or territory)

Passport

Temporary Resident Card (US Dept. of Justice)

US Military Card
Native American Tribal ID

------------------------------------------------------------------------------------------------------------------------


My problem is that how can I trust a company with my SS# and ID, that has repeatably proven it can't be trusted. Given Coinabul's (Jay Shore) reputation I think this might be "Jay" branching out in Identity theft. I really need what I'm owed, but I don't trust coinabul with my info, any suggestions?

before Coinabul stopped shipping orders (around may-june 2013) I had received all of my orders (more than 10, less than 100) without any complaints (other than 2-3 week ship times). Now they are basically holding my remaining 4 orders hostage, wanting more info. I shouldn't have to provide info for orders I already placed 4 months ago. They still won't answer emails, it's a 1 sided conversation at this point. They want me to give up info and I hope they send me my gold and silver. Then there is the issue of the difference in the price of btc from when I ordered till now. The price of btc has doubled from the time I ordered, at this point I would rather have the BTC back. Since they are SCAMMERS I don't except anything from them.   

This is my testament against coinabul, They are lairs, and thieves. Stay far away from them, don't risk it.

I think you risk jail over that kind of money...

Thanks for the heads up on these guys. I had considered an order but certainly will not now.

weird, can you give us a hint what kind of info they want? just browsed conaibul's TOS (http://"https://coinabul.com/index.php/terms-of-service") but could not find anything about the customers liability to provide certain information in order to receive his order (or get a refund).

however, this section might be worth a read although it holds nothing what might explain why coinabul is holding back your orders as there seems to be no underlying technical issue:

ever gave a tought about the fact that coinabul might be pressured by a higher force as you seem to have placed quite some orders through them which might rise suspicions at certain institutions?

as stated in a previous post, the info requested is:

Please provide each of the following to aml@coinabul.com:

Legal Name

Social security number / Tax Identification Number

Copy of identification documents as outlined in “Business Accepted Photo ID” section

BUSINESS ACCEPTED PHOTO ID

Driver’s License (state or territory)

Passport

Temporary Resident Card (US Dept. of Justice)

US Military Card
Native American Tribal ID

My orders were always way less 10,000, and there for not subject to additional verification. Ordering several times from them, is not illegal and barely meets the definition of suspicious. They shipped out orders (not mine) last week without requiring Verification, so why ask for my info.

My problem is that even if I give them the info requested, there is no guarantee they will actually send me what I'm owed. At this point I think it's more likely the info will be used to steal my identity or worse. 

ah, i must have over-read that section. anyway, thats quite some serious identification going on there.

why not turn this thing around and demand an exhaustive explanation about what they are going to do with your data, who will be granted access to it and why exactly they can't proceed to fulfil their liability without you providing it.

or what about cancelling your order? just send them a written statement going somewhat like
?

you can't force them to do business with you but if they refuse to do so you still can claim whats yours, right?

If they weren't corrupt scammers your idea might work, I have already asked to cancel the orders and get my btc back, but they aren't answering emails. Your right they can't force me to do business with them, but they can/will continue to ignore me leaving me without options for recourse.

Where are they based at?  Sounds like someone needs to go visit them personally. :)

I wonder how many said that about Trendon T. Shavers (Pirateat40) aka Bitcoin Savings and Trust (BTCST)?

“Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Un2pHuKFCCg

I can say for a fact going to the feds would result in my imminent demise. I'm not a terrorist or African warlord, but I don't live my life according to their laws. As a result I can't seek out help from authority's in most matters. Coinabul is using this to their advantage. All I can do is publicly shame them and prevent other people from being ripped off. If you have also be ripped off and can go to the feds please do, but for me that's just not an option.


In the event someone from Coinabul reads this thread:

Dear Coinabul,

I would like to cancel my pending orders and demand the return of my 241.96 btc (now worth 4x what it was worth in June).

Sincerely,

- Dirty Randy

Sorry to hear about this. I feel for you.
Essentially was this a ponzu scheme for BTCs?

This brings back old memories of being scammed on an e-gold transaction.

Surprisingly, soon after the United States government stepped in and shutdown e-gold. The thieves I guess wouldn't have used their real name and thus it would have been forfeited under the money laundering rules.

I haven't invested in any digital currencies ever since.

wow 241 BTC is quite a lot, if I were you I wouldn't just give up on getting back my coins. Maybe you could find ppl who were in the same situation and sorted thing out, or who are still and come up with something together.

anyway good luck man

this is not helping the stabilisation of bitcoin. most people that i spoke to still see this business as a scam

adding insult to injury, btc is now 6x what it was worth when Coinabul stole my 241.96 btc.

I'm not with Coinabul (not even sure what they are to be honest) and I am very new to BTC, but I read an article yesterday or the day before how US banks were closing down the accounts of any business even remotely visibly associated with BTC. That means having it in their domain name, accepting it as currency, etc... They weren't freezing assets, just closing the accounts. Coinabul was one of the companies specifically mentioned in the article.

http://vr-zone.com/articles/bitcoin-businesses-getting-banned-banks-us/64047.html (http://vr-zone.com/articles/bitcoin-businesses-getting-banned-banks-us/64047.html)

Playing devil's advocate here, is it possible that that is what has happened and it is taking them time to regroup. If so, I agree that they have done a piss poor job of keeping their customers in the loop, but it doesn't necessarily mean that they are intentionally scamming anyone.

Of course, I could be completely wrong. I don't know. The name 'Coinabul' made me remember the article though.

Hope you get your orders though - that is a beyond sucky situation to be in.

Many here thought it was a scam in 2011 because of the well known shell company address.  ;)

https://bitcointalk.org/index.php?topic=48022.0

Holy Balls, thats like 240k now...hope you got it sorted.

still no BTC or Gold, FUCK COINABUL!

No No No, youre still behind your computer. We need to find coinabul and get your BTC back. Im just sick of this kind of stuff happening.

If you have a workable solution to getting my BTC back I'm all ears. I sent coinabul an offer that I would submit the AML info they wanted, but only after the btc was transferred to a 3rd party escrow service of my choosing. I don't think they were interested in my offer, so I'm still fucked. 

Well if I were you, Id offer a reward in the 50-100k range. Just say, its none of my business how the money gets returned, there is just a reward if it is returned. Someone knows the person in charge, and may turn on him...put a price on getting the money back. As Obama says, "All options are on the table at this point". That is what I did when someone in Australia scammed me. I found the person on Facebook, and started sending him pictures of his friends and family. Needless to say, he is in the process of paying me back now. True Story, hope that helps

I received a couple of orders from Coinabul about half a year ago, though it took about two months from the purchase to receive those. Have not ordered from there since that.

I did recently order from http://bitcoincommodities.com/  .That seller was fast (got the product about a week from order) and the prices where ok.

Ordered also from Agora Commodities around a week ago. Many seem to be telling that they are fast but I have not heard anything from them yet. Must ask soon from them if there is some kind of trouble with the order.

Seems like a plan, If anyone can help in the return of my BTC I will offer a reward of 41.96 BTC. The "Help" must result in the return of my BTC to claim the reward. Happy Hunting :)

Thats a decent bounty haha

now you have to start posting that in the forums...definitely reddit needs to know

Home:
Jay Shore
8527 Sugarman Dr
La Jolla, San Diego County, CA 92037-2228

P.O. BOX:
Coinabul, LLC.
P.O. Box 235985
Encinitas, San Diego County, CA 92023-5985

Telephone numbers:
+1 (858) 657-0020
+1 (213) 599-7285
+1 (760) 282-4529
+1 (321) 222-7748


17jqvyeFzLLdZxTqJ2i6WFGK1xQdiTD7sf

He is not that stupid to stay in the US even after doing all those scams. He might have fled to some non-deportation country many many months ago.

Agree with Bryant.

Off-topic question: For all those big bitcoin scammers and hackers, has anyone of them been captured and paid back what they took?

Posting "Jay Shore's" info does really do anything for me. I'm not in the business of violence so I'm not sure what you think I should/would do with the info. I have since been contacted by a "Nolan" at coinabul, who said there was no way I am getting the BTC back but if I would send them the info they wanted, they would ship my gold. I have found myself in need of the money so I gave in and sent them the info(almost 5 weeks ago) and have yet to get what I ordered. At this ponit I know it's a long shot but at least I can still warn people about doing business with them.

http://s11.postimg.org/n26xay043/jay_shore.png

This is an image of the coinabul man.

Jay Shore / Nolan Gisser is probably just the same guy with different emails and aliases, but those names could be fake.

But it should be possible to track the person down when you know how he looks like.

He has some ties to Encinitas, California. He probably grew up there. And it is a pretty small city with 60000 people.

So if one where to go around town showing this picture one would eventually find somebody who knew who he was. Probably his parents
still live there.

It is also possible to go to the police and report that various cases that he is scamming and collecting money for goods
not delivered.

They owe me 2 kruggerrands as well!

How risky is it to file a lawsuit against him in the US?

Not a nice person.

Seems like he might do good with a few people so he can get away with scamming one person, happens on ebay all the time

Seriously, 240BTC (over $100,000 atm) is a huge amount of money. Have you done any legal action yet?

this is pretty easy to straighten out or at least get to the bottom of what is up. Higher a Attorney you can remain anonymous (client / attorney) while they do all the work filing suits, leans, private investigators  etc. You are protected even if authorities question lawyer. that bounty you put up will cover it i'm sure. No matter what you do attorney is the way to go, hell look at mobsters or drug king pins they have attorneys do their work for them not saying you are one :)

Also got scammed by Jay Shore / Nolan.
We need to start organizing ourselves to sue his ass.

Holy fuck thats a lot of bitcoin...

Total comes out to be at current rates - $125,900

Damnn. Class action law suit?

After 6 months sadly I must report here as Nolan no longer responds to my email.  I am out 0.9 BTC and have only been given the run around. 

Wow thats really a lot of Bitcoin

You should trade it will smaller amount but more trasaction so you wont get screw at once .