Bitcoin Forum

Project Closed. All investors will receive their btc back. With no support I have decided against releasing the auction website upon completion. The first refunds will start next month on the first. Each will be paid out as soon as those funds are available.

-=Interest will be paid on each share.=-                                                                                                                                    

The list below will show each user getting paid back by the status changing to unpaid. Please keep an eye on your inbox starting on the first to see a message from me requesting your transaction id for the amount you had sent and a btc address.


Since refunds are being provided; Investors who sent their money to Cassie must contact Cassie for any type of refund.

Our current live preview (Not the most recent code | Changes have not been submitted yet)


https://bitbay.cc

@Justin Sorry to hear about Cassie, hope she has not taken too much of the startup money? Thanks for your efforts in continuing to push this project.

Startup money was generated already. The rest of the money was my payout. The 50% of the company that went towards paying shares was my 50%. I have plenty to continue development. The money recently has been used to keep me off the streets and working on BitBay and OpenEx. I have devoted my time accordingly and BitBay is going to be a success. BitBay official release which will not change is in 3 weeks from today.

Thanks for your openness, good luck  :)

Thank you. Cassie will not be left with nothing through this business venture. She will be paid 10% of earnings because of the risk she has endured. However, I do not believe I will have her working with BitBay anymore.

I'll be interested to buy some shares when you open it again :) Good luck !

Thank you. It will be a few days before share sales are resumed. In light of this event share prices will not be effected in any way. Prices that were announced before are staying the same.

It will be a few days before shares get resumed as I am counting and trying to sort out all of the shares that were sold and paid for.

I am the only developer and proprietor of BitBay. I was always the only proprietor due to the lack of work received from Cassie. Anyone who does not agree should bite their tongues and watch the development. My position here is to do what is best for BitBay and I have made this decision which I have found to be in the investors best future interest. I ask that you all can only give me a chance to prove what I have set out to do. In the bitcoin industry all businesses struggle to obtain a 100% legal status of operation. It is going to be very difficult and there must be trust between the investors and I. So with this being said I hope that we can all look past this hurdle and continue on with this project.




With much gratitude,
Justin Gillett

Interesting.
When and how to buy some shares?
Thanks.

I have made a recount of all shares. Any users who were credited who still have their funds being held by Cassie will be awarded 2 shares for getting the money refunded and rerouted back. If you request a refund from Cassie and she grants it we request that you have it sent to the proper wallet or notify us that you do not wish to hold those shares. The only shares capable of refunds are those Cassie is holding ransom.

Hi,

Are there are more shares available?

Cheers

Fee Share status: OPEN 100 Shares Available


The name has been changed to allow Cassie to use the name she had picked out for another project.

Keep your trash out of here Cassie. You were talking about dumping all of the people who invested. You don't give a single dime of care towards anything.

How to buy shares? how to pay?

To buy shares you must state in the thread how many you want. We currently have only 100 left and may only have 400 sold in total.

To repeat and sum up "all share sales may stop after 400 forever"

I am sorry but I don't see any shares that aren't documented that I have sold. Get me some transaction ids and I will be glad to point you around. The share list is 100% accurate of who owns what.

You are just upset because you lied and got called out on it. As for the code thank you :) Within 3 weeks a fully custom site will be built.



If you continue with BitBay you will be summoned to court. You are a scam artist that will in the end get nothing but that 10%

If you try to file an LLC with the name BitBay you will be denied because I already have the LLC. You slacked off on your duties. It does not take but 1 day to file forms for an LLC to be formed.


I am sorry but I don't see any shares that aren't documented that have sold. Get me some transaction ids and I will be glad to point you around.

i want to buy 1 share.

I suggest you wait to see how this unfolds before investing ..... I already have 65 shares but I'm not sure what I have 65 shares of  :o

Agreed. Shares are closed until release.

I have no idea who the main players who claim ownership of this auction site are because I never dealt with either of them, but a word of caution to all investors.

It is clear there are claims and counter claims and there is money involved. Both parties have different version of events and regardless of what may or may not have happened, it is best that everyone stays well clear of getting involved and investing until this matter is sorted out amicably by both parties.

From what I read on this thread and reading the skype transcript, the general tone of the words being written here as well as the skype thread it seems obvious which party I believe is telling the truth and I leave it to you to make up your mind but if the main parties sort this out before people invest it would be better for everyone all round as everyone can start with a clean slate.

As an investor, I am pretty disappointed in this.

I guess I should of just asked this before but where exactly are you going to be able to buy/sell these shares? (IPO investment site, havelockinvestments, cryptostocks.com etc???)

That way there is liquidity and also for those people who aren't happy with what just transpired can buy/sell the shares at their discretion.

Lets see how things unfold in this situation. We are adults and we all share a common goal, crypto's success and adoption, let's not lose site of that.

This is all a bit too much to handle honestly...

While I am content to keep 10 shares in the auction site... there are a few things which are going to haunt this venture for a long time...

1. Justin, you may have the LLC and Trademark because you filed first, but any case opened will reveal through investigation what the timeline was and how things transpired... there is a possibility that 10% allocated is not enough and a suit would reward the plaintiff with a much more substantial amount... do your due diligence and get some representation to at least give you a bit of sound legal advice regarding this before you get too far in to minimize the damage.

2. It is now public record that you used funds generated by shares you sold that were allotted to you at the beginning of the project. With you filing an LLC AFTER the fact, you still have some liability to have used those funds responsibly for the company and not personal maters. What is transcribed in the Skype conversation is very worrying, and damaging... should someone bring a suit against you or bring a government entity into the picture, you will be hard pressed to show you used the raised funds accordingly, and may find yourself dealing with even more of a mess than just arguing over ownership and profit sharing. Again, you need to seek out some legal aide to define your position and help you understand these mistakes and what you can do about them.

3. Bitcoin is taxable, which means what you spent needs to be reported properly, and if you are not attempting to claim the physical property you spent the funds on as part of the LLC, you will be fined or at least audited and then possibly fined. Cashing out Bitcoin requires that you pay taxes on it, especially since you were not an LLC when you did so. With the controversy of what has happened, do not be naive enough to think someone is not going to report you in hopes you do get audited and caught with your pants down. AGAIN, seek legal aide ASAP for your share holder's sake.

With all that said, I hope this goes well and an amicable solution can be arrived at... there is nothing worse than bad publicity before a product can even get off the ground.

~Daemon

Interesting points raised Daemon...

Am I correct in thinking that in this case, one person hired another person to program the website and that it can be described as her project (ie a boss hiring a rent-a-coder)?

Am I also correct in thinking that after the boss and the rent-a-coder fell out without each other, the rent-a-coder hired to program the website for reasons not fully explained has filed to register the name as Trademark first, even though he was an employee of the boss and a part of the project. And somehow he has access to funds as well?

If I have it wrong, someone please feel free to inform us all.

If I have it correct, then it would seem difficult to comprehend that in essence, somehow, a rent-a-coder has taken over a whole project (including investor funding) which he was supposed to be hired just to code. In that case the boss would still own all copyright code (except for the original sub-standard turnkey template website).

Probably best for everyone to stay clear of this project because if there is money involved then surely the project owner/boss would not let this go. I see a possible litigation on the horizon and would advise everyone to NOT invest and furthermore I would advise everyone who has invested to do the following things:

1) Ask for your money to be returned
2) Ask exactly how your investment is/was being used and 'invested'
3) Write to the person who originally started this project and ask her if she were still in-charge of the project how would your investment be used and 'invested'
4) Under no circumstances invest nor re-invest in this project until there is clarity as to who owns it and where it is going. You will probably have to wait for the outcome of a court case since neither party seems to be backing down.

I have hired coders to work on my projects in the past and made it clear that I own the code they write. If any rent-a-coder decided he was going to take over one of my projects because he did not like my strategy then I would remove him and continue with another rent-a-coder. If any rent-a-coder stole my ideas, registered a similar domain and/or trademark and then used a copy of my purchased code to create a competing website, I would not hesitate to go to court. I am not saying that anything like that has happened here but the situation is dire especially as far as withdrawals of investors funds is concerned and that could open up a whole new legal issue.

Stay away from this guys, at least until the law makes it clear who owns which part of this project and then use your initiative and decide if you feel on a moral basis you can invest and/or use the website after you know which party will be running it.

The site at http://bitbay.cc is a turnkey site that can be purchased for US$47.

Now, if someone uses that as a base to build their code around then it is not essentially a 'bad' thing. I regularly use open source software to build stores/sites, I just modify them to the point they are almost unrecognisable and have a different feel about them. I love using open source and existing ecommerce sites, my current project is based around one and I modify it all myself. Just when the real complex things cannot be done, I rent-a-coder and do the rest myself. I am all for using a template (open source or otherwise for any project) but transparency is totally paramount in cases such as these because there could be vulnerabilities to the code and investors need to know what is going on and how the site is being scripted, not just have a target date because the investment of staggering amounts of BTC as well as the hopes and aspirations of returns by the investors are HUGE.


http://zonetheme.com/nulled-script/download-zeeauctions-ebay-clone-auction-php-script-software-nulled-scripts.html (http://zonetheme.com/nulled-script/download-zeeauctions-ebay-clone-auction-php-script-software-nulled-scripts.html)
http://i41.tinypic.com/4joor5.jpg


http://zeeauctions.com/demo/ (http://zeeauctions.com/demo/)
http://i43.tinypic.com/14kb7sk.jpg


https://bitbay.cc (https://bitbay.cc)
http://i44.tinypic.com/23vht8z.jpg



Investors, seriously, ask for your money back and only re-invest once you are satisfied the battle between the two protagonists is over. Not for me to say who is right and who is wrong here but surely investors should not be part of this. Pull your investment out immediately and re-invest if your heart desires after things become clear.

Then make sure the code is up to the job and make sure the file servers, image servers, db servers(s) and loadbalancers are set up to maximise your outlay. Questions about where to host, where to buy the EV SSL, which server/db configuration to employ, which periods/locations for DB back, where to store all master user/pass in case the main dev becomes unavailable or incapacitated and how investors can login themselves to check income/expenditure and receive daily/weekly/monthly cash flow documents so on and so forth.

These issues and others have to form part of the investors contract. Pull your investments out for now guys until everything becomes crystal clear.

--

I am kinda new to this and wanted to try and invest, but from what I have seen, this site will end bad. I heard that this Justin guy is 17? How does a minor sign LLC papers? or be able to sell anything. All transactions made by a minor are null and void or the responsibility of the minor's guardians?

You guys might want to check out cryptothrift.com (http://cryptothrift.com).  We are already live, accept BTC/LTC/FTC/XPM, provide escrow, have a good turnover of auctions, are NOT a turnkey operation, and get 30,000 page views a month and rising.  We are NOT looking for investment.

Sincerely yours,
paulthetafy/paulscreen
cryptothrift.com partner & developer

@justin,

You have a responsibility to allow us to revoke our shares for a full refund, or at least transference of the invested BTC back to Cassie.

Since you did not disclose that these were YOUR allotted shares that we were buying, every one of your early round investors were lied to. We bought shares of "Bitbay" not "coding enhancements by justin" and as such, you need to allow people that request a way to exit without loss.

Consideration on this is very important moving forward if you intend to maintain developing in this community. You basically absconded with investor's funds and forced us into your business model. That is theft, and should anyone decide to take you to court, you would be found guilty.

I would suggest you allow each member on the OP assets list choose what they want to do. Otherwise, you have a very big problem looming overhead.

Also, what is this about you are 17... you do realize if you are not a legal adult... you cannot sign anything legally binding without your guardian also signing, unless you are emancipated. If this is true, your parents are now responsible for all the funds you collected and spent, and they can be liable for reimbursement.

Very troubling to say the least...

10 shares .25 BTC 1DAemoNXFNQxeDQAeRdEg245WvYsCfdgE9

You do not even have to respond if you choose to straight refund me. I will delete my posts from this thread should you do the right thing.

Having read recent posts especially after my comments and screenshots, I have to agree in principle with what most of you feel. I am not an investor in this project nor do I know the two protagonists however from the off it seemed as though someone trying to taking control of a project in an underhand manner (and then saying it was to save the project) is just not right when their only remit was to 'code' a site. Furthermore, then for one person to openly state that he took funds from your investments for living expenses makes it clear the funds you have invested in the project are currently with the wrong person!


@aTriz
You paid 3.75BTC for 50 shares? You are definitely doing the right thing requesting a refund because 3.75BTC is a lot but try and stick together in a group with other investors who want a refund as it is better to speak with one voice and not have individual requests for refunds.

@Cenron
I do not know where you obtained information about the coders age, but if he is 17 then surely that information was not openly declared otherwise I would find it hard to believe anyone would invest directly in the company via him. If his age is correct, many thanks are due to you for bringing this information to the attention of the investors

@paulthetafy
Nice site. I wish you success with it and hope you would not mind a little competition if BitBay does come along one day  ;D

@daemonfox
With the greatest respect to you, I know you would like your investment back but please consider what your fellow investors want and by the look of it things are not good therefore probably all investors would ask for a refund. Maybe it is better for all investors to take a unified approach rather than tackling the issue one by one? I mean stronger in numbers...

The investors need to get their funds back as soon as possible before ALL your funds will be used as living expenses and other expenses related to the project which might not be proven actually have occurred but receipts might be provided upon questioning it.

No one knows how much of the funds remain so if you stand any chance of getting all or most back you need to take action NOW otherwise there might not be anything left!

lulz

If you believe the site belongs to cassie then ask her for the refund. If you will excuse me I am working on BitAuctions. I will still release as planned. All share holders on the list are locked in.

Wow this guy is a piece of work, you steal the money and use it to pay your personal bills, as referred to by the Skype logs, and then you wash your hands of it and try to pass the responsibility onto Cassie? Mods doesn't this buy deserve a perma ban for ripping off half the forum? FYI if anyone wants to sue the crap out of this guy, I think Cassie has his personal info from the LLC application he tried to submit.

P.S. Genius DaemonFox is one of your investors as refereed to by you on the first post of this, I took a nice screen shot of it and time dated it in case you try to pull any scummy moves like trying to remove it.

God i hate scum bags like this. You deserve a special place in hell.

Respectfully,

Justin, you do not have to refund any of us if you do not want to, I get that. But sometimes in life you have to do the right thing and in the long run it will be for the better. For example my pool was just hacked and he managed to steal over 40 BTC. We could of just said o damn time to run away and make a new account. We didn't, we refunded over $25,000 dollars to our miners. We are now re-opening and we have had a tremendous amount of positive media from it.

I get that you are continuing your efforts with BitBay but from the way things are looking you should give the investors the opportunity to retract their investments seeing what has transpired here. If you don't the site will fail, no one will visit it after they see this thread and that is not good for you or us as investors.

@Daemon
Hmmm I think it is clear to see all investors have a MAJOR problem on their hands. If I were you I would get the backing of as many investors as possible and take things forward while your investments can still be retrieved. Ask Cassie to confirm what his age really is. If he is under 18 his parents need to be informed what he has done and what he is doing since they are legally liable for him if he has obtained funds without declaring the full facts and if he has used those funds for personal or illicit gains. If he (or his parents fail to convince him) to refund you then go to a local police station and file a crime report citing you gave money to someone who was economical with the facts at the time of investment and has used your funds for personal or illicit use and let the police interview him and his parents/guardians.

If he is over 18 then it could be as simple as going to a local police station with his name, address and date of birth and filing a crime against him and let him explain to the police what he did so you can circumvent his parents since they would not be liable.

Ask Cassie for his name, address, age, date of birth and any other information where the police can actually approach him with ease once a complaint has been filed. Then decide which one of you will file that complaint, better more than person does it in more than one city/state so it will get highlighted quicker.
ACT NOW BEFORE ALL OF YOUR INVESTMENTS ARE USED!

@aTrix
Well done my friend, you took a $25000 loss from your own pocket but you will get that back in a short time as miners will flood your pools because they know you are honest and reliable. Sites get hacked all the time, it is nothing new but giving miners the peace of mind they will be protected is a great PR move and morally correct on your part.

I would if any money was available. I am opting to continue development even through the FUD of the public because of this fact.

And right now anyone's chance at getting their money back is to just shut up and wait for the release. BitBay will never be released because Cassie can't code and neither can she file legal documentation let alone file taxes and obtain proper licensing for handling multiple currencies with escrow.


I may be 17 but I am not ignorant when it comes to business and programming. Quite frankly, Cassie has no business knowledge that is able to be used in this field. I know this because I worked with her. She is completely incapable of running any type of business without running it straight into the ground.


I will make this agreement with all the investors. If BitAuctions fails after release. I will gladly refund all of you. The only way I am following through with that promise is if all the FUD is removed from this thread.

For now anybody looking to jump out of this stake can sell their shares. If you sell your shares please notify me who received them and how many. For now share sells are going to have to be through some alternative method than a shares site. We will not be listed until release.

17? You should've stayed at school dumbarse.

Hello Justin, this is my first post directly to you. Hope you are well.

Where is the money if it is not available? How much was invested originally and how much was taken by you and how much was left with Cassie at the time of your defection? What exactly were the funds you controlled spent on?

Being objective and all I was wondering exactly what development you are continuing with because as it currently stands you are using a $47 turnkey solution as your base and the site is hosted on a free cloudfront (http://whois.domaintools.com/bitbay.cc (http://whois.domaintools.com/bitbay.cc)). I mean, you are probably not even paying for hosting at cloudflare as their starter package it is free.

Apart from the $47 purchase of a sub-standard turkey solution what exactly what are you developing that has a monetary value of the bitcoins invested by people here? Since it is only you who is sitting in front of your pc and logging in to the $47 sub-standard turnkey solution making a few cosmetic changes here  and there, that cannot be classed as developmental costs investors parted with their money for, nor did they part with their money so you can withdraw from their funds as living expenses.

As it currently stands you are judge, jury and executioner because you have the investors money, you claim to be coding the website and you have taken control of the domain. There is nothing stopping you from telling investors their investment as been used in this or that way, nor in the extremely unlikely possibility the site will ever see the light of day will the investors ever know what the factual income/expenditure is and will have to just take your word for it.

This my friend is as farcical as a farce can get and you have to do what is morally correct. Shares cannot be in lock-in because investors did not receive full facts from you before investing and the majority believed they were investing in a project run by Cassie, either way they did not sign up to allowing someone to take their funds and use them inappropriately.

Just to re-cap:
1) You paid $47 for a turnkey sub-standard site trying to pass it off to Cassie as your code
2) When she realised you could not deliver your promise of coding a cool site you rushed to register all you could to take control of the project (domain name etc)
3) You also ended up with a portion of the invested capital (yet unclear as to how much or how you intend to invest it, apart from spending it on yourself)
4) You host the cheap turnkey solution on a free or cheap cloud
5) Your total outlay for the project so far is $47 for the sub-standard turnkey solution and free hosting on cloudfare.com
6) You have taken funds from investors to spend on your living expenses
7) If shares are locked in or not it makes no difference since you are a one-man band working from home. Whether you have investors bitcoins or not will not affect your 'project' since YOU ARE THE PROJECT AND THE PROJECT IS YOU and investors would gladly want you to do what you like with your project so long as they get their investments back because they did not invest in a project that you controlled, they invested in a project run by Cassie, a project that you were involved with because you over-exaggerated your potential input: according to evidence available it means you lied

You have to give back all investors capital and I am sure they will gladly want you to keep 100% of any profits your site might generate if it gets launched. The three weeks you have left before site goes live is deemed by many investors as a smokescreen for you to siphon off more of their funds.

Please return their investment and keep 100% of the profits of your site when (or if) it goes live.

--

The old script has been trashed on the dev server. I am starting from scratch. The investors will receive their money back after release. That is about as in depth as I am going.


It isn't that I am incapable of programming a cool and fully functional site. Cassie was the one who suggested to use a turnkey script and modify it to accept bitcoin. I can provide those skype logs where I refused.


Cassie has never released a single project. Oh but lets take a look; I am a lead dev of OpenEx.


So I think everyone should take a look: My work can be proven and shown. Cassie has no work to be shown.

Ok, point taken. Thank you for the update and mature stance you have taken.

We accept that you are a skilled coder and Cassie is no businesswoman, we can accept that but in the midst of it all the fundamental concerns do not change. Most investors want their money back and you have not provided any coherent reason not to refund them.

Whereas I along with others looking in horror at this project unfolding, you saying investors will get their money back is fantastic news however it is not fair to refund after the site is launched as we are looking at approximately 3 weeks from today and even then you might turn around and not refund them citing the need to wait until net profit builds up so you can afford the refunds. I urge you to please put the investors looking for a refund out of their misery and let them have it. It will only bring praise for you and your reputation considering it has already been badly affected by the spectacle unfolding before us.

Sure, if you sincerely believe in your project and are starting a new base with a self-custom coded website then go for it. We all wish you success but holding investors money to ransom until you release your website in the hope they will like it and thus stay is not the way forward. They need to be able to choose now and be able to stay for the long run if they wish or if they have had enough and want a refund it should be given immediately.

Please consider refunding investors now rather than later and repair the damage done to your reputation. Thank you.

There is no money to be held ransom. Cass kinda fucked my wallet to shit. I will provide refunds. But not right now. Simply because there is no BTC in the wallets.

None of your claims hold weight... new excuse after new excuse with no details... and you are supposed to be a coder... do you even comment your code?

How in the hell do you expect us to believe Cassie fucked your wallet over... explain that or stop lying. There is no money pft... where is that 3 BTC you were trying to give Cassie to leave quietly? Where is the other cash you already traded out? I am sure your car that you spent the funds on to repair has some value... and your so called rent... since you are a minor you have no rent, you could not have signed a lease... so I assume that is your (probably) adult girlfriend's new place that you so kindly sugar daddied a deposit and first month's rent for.

You have lost the trust of the community, and it does not matter if you are the lead dev for OpenEx... they obviously did not allow this mistake with you and it has been said you should never have gotten as involved with ButBay as you have since your primary project was OpenEx.

You need to do not only what is right, but what is going to allow you to keep working in this community and not end up with a criminal complaint being filed against you.

EDIT: Also this crap about Cassie has my money is bullshit... YOU have my money, YOU forced me into your project and YOU are now responsible for returning those funds or sending them to Cassie. You can't just ASSUME that investors are YOURS and then tell us to go get our money from someone else... you have a problem now and it needs to be remedied before it gets to involving third parties.

People...

What would you say is the best way out for everyone who invested? Please try to reach a general consensus and then take things forward by negotiating with Justin.

I am sure he is a reasonable young man who takes pride in his work and reputation both here and at OpenEx. I hope he will refund all investors who want their money back.

Thanks

Justin, it is my understanding that you will be using the name BitAuctions?

You will no longer be using the name BitBay?

Do you relinquish the BitBay project?

Regardless of the name change, he should refund all investors who want a refund.

Email sent shortly.

--Quote from earlier. So yes I have said I will provide refunds.

If Justin has made a decision to pay back all the BTC with interest then to be honest it means he is behaving mature enough to tackle this so maybe it is wise not to inflame a situation that is on the verge of resolving itself. Looking at this situation from an outside perspective, I think it would suffice for Justin to give back the BTC to all investors who want it and forget paying any interest as it would register more complaints than resolve them.

According to Justin, investors wanting a refund can obtain one by sending an email here: refunds@script-it.net

@Justin
Thank you for the stance you have taken but please let the investors know exactly when you will refund them because you saying 'a few weeks' does not clarify anything nor alleviate their concerns.

@Daemon
In fairness to Justin, he did post that investors would get their money back after the site goes live but he did not elaborate further. I suppose that is why it was taken with a pinch of salt. If I were you, only for the sake of peace, I would just try to get the investment back and not delve too deep in to anything else. I would not say anything to make things worse nor would I rise to any bait.

Justin is skilled, dedicated and legit.

All you need is some patience. I see some good value coming out of this soon. Justin, don't let them down!

When can I expect my 0.125BTC to be returned then? 1FxkazMzKHvKBWnGJMNp4CUMR7DvH7V8nT

I hope all the investors will be given their investments back immediately rather than having to be told to go to Cassie because of stories or allegations that she has their BTC when all along mostly everyone believes you took the investments because she trusted you a little too much.

I also hope investors will not be told to wait 'a few weeks because I do not have any BTC at the moment' in the same manner you mentioned it before because no-one knows what defines 'a few weeks' and it is not fair to hold on to investments for a genuinely undefined period of time.

Sadly, your reputation in these forums is probably irrevocably damaged. The sooner you put all investors out of their misery without further ado the better chances you have of damage limitation to your reputation.

I'm a bit curious myself since justin lists me as being an investor on his operation, but I never sent him money--unless he controlled the addresses cassie gave me.

Yes, definitely looking forward to hearing all of the investors say they've received 100%+ of their money back, that's the right thing to do considering charges could be brought, and wouldn't be shielded by an LLC.

Justin Gillett
3310 Spencer Rd
Duncan, OK, 73533
1-918-327-4313

Hope I got that right, just going on what's public.

Justin, as a matter of urgency, could you please individually list the names of the investors and their investment as you interpret them.

This would allow the respective investors to confirm you have their investment listed correctly and pave the way for a mutually agreed date for their reimbursement.

Thank you.

Justin is going rogue it seems. Id like my refund now.
1HrJfkZNARscYAifnXztL9cg9zDpFy8nDZ
0.1btc

Justin has stated that hes never going to open the site.

Personally speaking, when I saw the fact that Justin started a thread and had negative things to say about Cassie I concluded there was more this than met the eye. When Cassie posted the Skype chat transcript it became clear she was by far being more honest than he was. I never knew either of them but could tell that Justin was not playing ball.

Having said all that, there is an issue at the heart of this debacle and that is more prominent than others, namely the issue of the investors BTC.

Does anyone know exactly how much BTC Justin took with him when he departed Cassie's project? There needs to be clarity on exactly what amount of BTC he took without consent and how much was left with Cassie. Then there needs to be clarity as to which investors BTC remained with Cassie and which investors BTC were taken by Justin.

The chances are Cassie will honour the investments she holds but Justin has probably spent his holdings of your BTC on his personal leisure and living costs so it could be problematic getting him to return what many deem as stolen funds.

I hope someone might be able to get a full list of all investors of the original project and then ask Cassie which investors funds she claims to hold and which investors fund she claims Justin had taken when he departed the project. Then those need to be cross referenced with Justin.

This whole project got ruined when Justin departed. The project was always going to survive if a coder left but where it all went wrong was when he took the funds without asking Cassie. That episode of Justin taking BTC without consent has cast a dark shadow over this project and it is unfair.

He made allegations about Cassie emptying his wallet and tried to sell more shares in his solo project without telling people the truth about his plans too so it means Justin cannot be trusted with your BTC. Before investors lose everything they put in to this project please find out which funds Justin claims to hold and which funds Cassie claims to hold, then go forward from there.

LOL now this is funny Openex the exchange with the welcome mat on the backdoor? OpenEx is just a rebranded version of icescrypt (another exchange that was robbed of all its coin) that he sold off don't think he ever paid off the customers there either.

You sir are a scammer plain and simple.

I believe Justin has also been thrown off the OpenEx dev team .....

That seems to seal the deal then. Sadly it seems Justin has no reputation left to salvage now so where does that leave all the investors with any chance of getting their money back?

The value of the property stolen basically means he's looking at felonies, class1 or 2 depending. Money laundering and grand theft easily, among others. The fact is he took it without permission of the owners, he did so acting as majority shareholder when he wasn't, he failed to include the share's owners in on the information prior, etc. The crimes have been committed and charges can be brought by anyone at this time. The situation is well documented, and  more of his personal and family details are available to make this happen.

It's in his best interest legally to return all shares immediately, not weeks from now. An LLC will not spare him or his family from the brunt of the legal fallout, especially an uninsured LLC like his. Honestly it makes it worst, it goes from a he-said-she-said to making him culpable by default.

Justin, fair warning buddy. Immediate means immediate, those returns need to start flowing today. You're in hot water and I don't think you grasp the severity of the situation.

We all hope Justin pays back the money he took without consent and we hope once all this is done and dusted, I am sure we all hope he can start to repair the damage done to his reputation.

Doubtful he's going to follow through. Even if he does, he's still guilty, and by defrauding the website he's just added more charges. Kid has no idea what he's doing or how deep the hole is getting. All it takes is for a handful of us to file a report in his county, and he's done for.

Also, call and complain if you like:

This isn't about OpenEX and Justin is no longer involved with OpenEX in any way.

The farce is continuing over here in original thread for the so-called BitBay 'project' https://bitcointalk.org/index.php?topic=359608 (https://bitcointalk.org/index.php?topic=359608)

This situation has got so pathetic and ridiculous it is unbelievable... yet it seems (according to Justin) that Cassie and Justin have kissed and reconciled yet still they will not return investors money!

How can we start making this scammer's life a living hell, legally speaking?

I don't live in the US but I wouldn't mind go there and kick his ass during the next rally.

Or maybe burn the house.  :D

My real problem is with Cassie to be honest. She took my investment when she were already fully aware of the problem with Justin. I invested (the second time) 0.75 BTC into the site that Justin said will be launched next day. Not in development, done. I even posted about this before investing.
Cassie sent a PM with Bitcoin address a few hours later. She did it this way, because she knew already that Justin scammed her. She knew she will not be able do deliver, yet she continued to collect money for a site supposed to be launched in days, without saying a word.
She sent out (probably not just to me) PMs to people who said wanted shares then presumable after they paid, she annonced that the site fall through.
Now that is the definition of scam.

Agree, how can we find Cassie?

Her real info, family, etc.

@Vega
@Transit

Hi guys,

I have been following development (or lack of it) since the whole scam came about.

Seriously, please do not even think about tracing and then 'meeting' those who stand accused of scamming. They are not worth it.

As mentioned several times before, the best course of action would be to call the police and let them deal with it. Once someone who resides in the US contacts their law enforcement office and gets the ball rolling, the police will contact those who received the investment and ask exactly what was going on and they will take measures to get your BTC back.

The mind boggles at the fact that this whole thing has been so disastrously mismanaged. Others have tried to talk to the main protagonists and had their time wasted. I have stopped engaging directly with them as they are not worth a single iota of space.

DaemonFox, VesperWillow and others have tried and failed to make the wrong-doers see sense. We all had our time wasted with hearing talk from the main protagonists of doing 'this' and doing 'that' but in the end those words were without merit.

Please call the police and get your money back but do not try and take things in your own hands.

Yeah, as Cheeky suggested, your best bet is to get all the folks who were scammed together and see who's willing to say 'yeah i got jipped'. Someone, preferably US-based, would then have to contact the police. Might even do better to hire a lawyer, but the police are free.

With the US recently defining cryptocurrency as personal property, the case would have considerable weight in court because of the USD investment. The folk(s) at hand would face more than just fines, they would face jail time, and if there are any forensic ties to other digital crimes, they will not get out of it with a plea deal. The US Justice Dept has been cranking down on digital crimes lately. If they're found guilty, they'll be hating life.

I've been encouraging many folks who feel scammed, to pursue legal action in the US. Until more folks do, more scammers will just keep flooding the markets.

Going to the police with something like this is more pointless than writing about it endlessly in this topic. At least the comments makes the community aware.

I honestly don't care enough to pursue this seriously.
I only replied, because it was just a few days ago I remembered this, and wrote to Cassie about a refund.

If I'd have an opportunity to get my money back I'd take it, but 1 BTC simply not enough to make me care enough to get out of my chair.

I'll take his 1 btc if he doesn't want it, LOL ;)

According to some analysts, once the new US law rules for crytpocurrency gain traction, one bitcoin could be worth as much as $10,000 within 18-24 months.

50 shares = 1.25 BTC invested.

I do not live in the US, no point calling the police.

I don't care taking justice by my own methods.

I just want my money back. At this rates is 525 USD... are they so poor they can't repay from their own pockets?

Life is a long hard road and karma is a bitch.

It's still cheap to get even with this debt.

1.25BTC to
1P3egjqHW7mq57BW7ijWZGEsKzUpv4kNBX