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At http://pastebin.com/Ya6iN8RT, you will not find a Wendon Group, but you will find a Wengon Group eight times. A purposeful misspelling?


At http://vessta.com/en/1002875230-WENDON-GROUP-INCORPORATED.html, you will find some relative information.


During the course of this thread, it will become clear that Tihan Seale and Wendon Group are one and the same from the get-go. I only wish that Matthew N. Wright would jump in at some point and provide us with a graph showing all the connections, as he once famously done prior with some other entity.

~Bruno~

Barbados in red.

Hmmm, looks like they are on the island already :D

Forget the funny aspects : how is this impacting Intersango ??? is the bigger question !

Note: the pastebin is updated with the second post's information and is now complete. Thanks Herodes!

This could be the most informative and interesting post since the Bitcoinica fiasco. How did we get all this emails?

Genjix posted this for a couple of minutes at this thread https://bitcointalk.org/index.php?topic=93109.0 but got deleted after a few minutes. It's all reproduced in that pastebin link.  ;)

The short answer is that the Wendon/Wengon Group acquired 250 shares of Intersango in exchange for giving Donald, Amir and Patrick a combined interest of 25% in Bitcoinica LP.  This means that they have a legal duty to Wendon/Wengon as shareholders of Intersango which exists separately and in addition to their duty towards Wendon/Wengon as the limited partner of the Bitcoinica Limited Partnership.

I posted this yesterday in another thread.  It might not be connected at all but the company was registered by the same accountant who set up Core Credit and Bitcoinica Consultancy. 

http://www.business.govt.nz/companies/app/ui/pages/companies/3837998

May or may not be relevant, but here is a Barbados government site with a listing for "WENDON GROUP INCORPORATED": http://www.caipo.gov.bb/site/index.php?option=com_easytable&view=easytablerecord&id=3%3Anew-test&rid=73234&Itemid=61 (note, site is rather slow). It says the corporation was formed in 2005, but there are very few other details.

Honestly, even if someone paid for the full records it's extremely likely that you'd find more entities or accountants/lawyers listed in the paperwork.

I posted the following not too long ago.


Would it surprise anybody if the relative Whois info of SimpleCoin connects to Wendon Group?

~Bruno~

Can you link to the dox if it does?

Source: http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5978062&SessionID=q2wWHvrxjHUZ-l7

Source: http://www.whoisentry.com/domain/tihan.com

Source: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60306115#

http://www.reddit.com/user/mode80

http://www.nvannualreport.com/entities-DPC-DIVISION-Z-INCORPORATED.aspx

I'm not done yet!

~Bruno~

For those who aren't aware of it, Tihan uses mode80 as a nick at a number of online communities.

http://news.ycombinator.com/item?id=4241249

Hi Phin

It's "Wendon Group" with a "d".

You can continue this if it entertains you, but it will all be a matter of public record upon court action against the Consultancy. The investment fund has nothing to hide. Nor do I.

Then release all that information now.

Details please?

Have you filed a complaint? Are you in the process of doing so? To which jurisdiction? What is the cause of action?

Any poker player  lawyer worth his salt will keep his cards  evidence close to his chest until it's court time.

Interesting...

I'm flattered that you've dedicated 25% of your post count to replies toward me.

To be fair, allow me to exercise some more entertainment.

https://bitcointalk.org/index.php?topic=77958.msg867160#msg867160

This thread wouldn't even be in existence if it weren't for those in the know not answering "who is Wendon", a question asked many times on this forum.

But now that the thread is started, and I'm committed to connecting the dots to show others where it leads and, moreover, who's who, I won't stop till I'm finished or I need, once again, to offer up an apology.

Quite frankly, I'm not proud of my track record to date, but c'est la vie.

Since there's nothing to hide, I guess that fact alone will keep busy for a spell.

One more thing. Why is the following the latest update on bitcoinica.com? Isn't anybody at the helm at least concerned about their client base not knowing the latest? Or do they just take for granted that their clients know to come to this forum to seek the latest? I personally know of one person who wants to know what the fuck is going on since the last update.


And one more thing. Are you speaking of the Bitcoin Consultancy or the Bitcoinica Consultancy in your 4th post? Those playing at home may want to keep their score cards up-to-date.

~Bruno~

PS: I'm committed to prove that Wendon Group and Tihan Seale are one and the same.

Let's assume for a moment that you're right Phin.  How would that in any way affect the current situation regarding Bitcoinica and its users?  If Tihan is indeed one of the limited partners, how does establishing that in any way bring Bitcoinica users closer to receiving refunds?

That is a very valid question, repentance. Your first question I could have answered with a single word--closure. Your second question will require of me to reach for a more profound answer.

If anything that I'm able to bring to the table from Google-fuing helps with the litigation process, that's a plus for starters. The other side of the coin is that I believe there's other entities that deal with/in Bitcoin that are directly related to this/these investing groups. Not only have we witnessed an MO repeated in regards to Bitcoinica, but the same players have operated in like fashion previously with other entities, long before Bitcoin ever came into existence, some of which are still being played out to this day.

Moreover, there's entities up and running that deal with Bitcoin linked to said players, and people on this forum have bitcoins invested/stored at/with them.

Also, having whoever is at the helm of Bitcoinica updating the website would be a keen gesture for those who don't visit this forum but have a right to know of the latest hack.

That said, I respect your post, questions and you, repentance.

~Bruno~

Welcome to the world of venture capital and private equity.  It's extremely common to find the same group of players in varying combinations investing in start-ups within a certain industry.  Venture capitalists know that many of the enterprises in which they invest will either lose money or at best break even.  They are looking to recoup that money on the handful of investments they make which are profitable.  The terms on which venture capitalists invest are often quite brutal to the outside observer, but money tied up in a failing venture is money which could be better put to use elsewhere.

Every venture capitalist has a long list of investments that didn't pay off - risk is what venture capital is all about.  Obviously, venture capitalists aim to minimise risk while maximising potential returns but I've never met a venture capitalist yet who didn't make an investment without an exit strategy in mind.

In a new industry like Bitcoin, I'd be shocked if there wasn't a lot of cross-investment going on.  I'd imagine that VCs would also be looking for related investments which would mesh well with Bitcoin.  The objective is pretty much to find something new and get in on the ground floor before the world at large realises it has value.  I'm not saying that to be an apologist for Tihan, but rather to give a context to your observations.  Make no mistake, while VCs might often be called "angel" investors, they play hardball when it comes to the bottom line.

You probably remember, as I do, that this time last year the community was excited about the possibility of newborn Bitcoin businesses attracting venture capital.  People were wondering how pitches could be made to venture capitalists and saw attracting VC as a kind of benchmark for how seriously Bitcoin was being taken.  This was a community full of ideas but with very little capital to put them in motion.  What has happened with Bitcoinica is certainly not going to make other venture capitalists or private equity funds who saw this as a litmus test more willing to take a risk with funding Bitcoin ventures.

Rapidly expanding businesses need external investors to survive, and the learning curve for Bitcoin businesses has been steep.  Look at how many promising ventures have come and gone.  Some were poorly conceived and badly executed from the start, but for others lack of money to fund rapid growth was a major factor in their demise.  We often forget just how short-lived some of the most brightly shining stars were.

These are lessons to remember for the future.  The best idea in the world still needs the right people to execute it and it needs money to fund it through a period of rapid growth.  If people accept outside investment in their ventures, they need to put aside their excitement and make sure that they really, truly understand the nature of their agreements and be certain that they're prepared to live with the worst case scenario.  

Perhaps what the Bitcoin community could look at doing for the future is putting together a network of mentors who have conventional business experience and who can at least let those considering putting their heart, their soul and their life savings into a new venture know what questions they should be asking themselves.  Nobody starts their own business expecting it to fail, but success requires more than just a good idea.

On a lighter note, I just looked for Maria's "Wendon Mews" thread so that we could all laugh at the information her "private detectives" had supposedly uncovered and she's deleted it. 

Damn you for penning such an exceptional post. It'll cause me to take a step back and evaluate the situation.

VC aside, I feel there's something greater at play here, and it's that aspect I'm trying to get a handle on. At the moment, my research is centering around the business of Domain Names and the like. An industry I thought was waning, but now even see Zhou Tong entering into the fray, of which I don't believe he stumbled upon that venture by accident. Or the fact that there's a Carlos with three different last names associated with coinlab.com. Or the fact that there's so many Seales with different first names centered around Tihan's enterprises/addresses, I'm thinking about investing in clubs (for no real purpose but to meld fact with humor).

~Bruno~

As you've discovered, domain names are big business - remember that TradeHill paid $1 million for a domain name which came with conditions.  I suspect that one of your comments refers to the "typo-squatting" lawsuit - which was dismissed.  It's an interesting variation on the old "domain squatting" thing.  As you're aware, every time you do a whois you get a list of similar domain names which are not already taken.  Many large enterprises have registered the most common mistypings of their names to redirect for years (I mistype domain names all the time).  

I do think it's something which raises some interesting questions about domain names and just how far your rights should be able to be extended without you actively protecting them.  I'm not going to make a moral judgement on the issue of typo squatting.  As a general rule, successful people see opportunities where others do not.  

I mentioned in another thread that there's a NZ VC who has registered 3 entities this year with Bitcoin associated names.  Now maybe he's just waiting for the right projects to come along, or maybe he's positioning himself to effectively sell the company purely for the name.  He's formed Bitcoin Ltd - which would become a very desirable company to acquire purely for it's name.  Is he basically just "squatting", I don't know but he's certainly created an opportunity which others might have overlooked whether he realises it or not (and I'm sure he does). Are we going to see lots of people "company squatting"?  Perhaps we will, but right now I'd regard that as creating your own opportunities rather than doing something immoral.

Do you see your own business of selling antique barn wood as creating your own opportunity?  There are others who would certainly see it as immoral.  It's all a matter of the perspective from which you see the issue.

Believe it or not. It was really accidental (or rather it's not a coincidence at all).

NameTerrific is really different from traditional domain registrars. Please check out the unfinished site yourself: https://www.nameterrific.com (https://www.nameterrific.com).

BTW, my name appears in the EV certificate (because I have to be over 18 to be a company director in Australia). Another proof that I'm real.

Are you going to form a company for your 18th birthday present (it's next month, isn't it)?

Yes, good guess! It's a Friday, and some legal firms provide same-day incorporation service.

Another present is a 12-day trip to US (but it will happen in September-October holiday).

If you are in my area of Wyoming I will buy you lunch!  (I get a picture though.... you are a celebrity, like it or not!)

I would avoid the TSA if at all possible, but if you still decide you want to come here and you stop in Florida, let me know.  GL w/ school.

Most likely I'll only go to CA and possibly NY. The country is too huge!

Spot-on, on so many levels. I love how you, repentance, have a way of sticking it up my ass and making me like it. Same can be said about ZHou Tong. I don't mean either statements in a diss-fashion.

That said, I'll back down, for now, in regards to this thread's contents, but will keep it open in case I get another wild hair itching to get out, coupled with having a record on file.

Peace, all.

~Bruno~