Bitcoin Forum

Bitcoin => Legal => Topic started by: mightyMight on June 07, 2017, 11:15:08 AM



Title: Sam Cole and KNCMiner Scam
Post by: mightyMight on June 07, 2017, 11:15:08 AM
I wonder if ever Sam Cole and his collegues are taken to justice for their scam. Anyone knows the numbers how many Kncminer customers have been cheated?


Title: Re: Sam Cole and KNCMiner Scam
Post by: gentlemand on June 07, 2017, 08:41:33 PM
I wonder if ever Sam Cole and his collegues are taken to justice for their scam. Anyone knows the numbers how many Kncminer customers have been cheated?

Did anything ever come of this? I don't remember seeing anything.

They now run the Xbtprovider ETN listed in Sweden which isn't hugely reassuring considering their track record.


Title: Re: Sam Cole and KNCMiner Scam
Post by: xhomerx10 on June 08, 2017, 03:33:29 AM
No, he was not.

http://www.coindesk.com/swedish-court-rules-against-kncminer-mining-hardware-customers/

Documents provided to CoinDesk show that the recent suit against KnCMiner ran into problems related to what rights as consumers those customers had. The court ruled on 29th April that the plaintiffs involved should be considered businesses, not consumers – a key determination that effectively cut them off from seeking redress from the consumer perspective.


 and it cost the plaintiffs even more money:

The court further ordered the plaintiffs to pay KnC’s legal costs, amounting to 772,000 krona, or approximately $93,000.




Title: Re: Sam Cole and KNCMiner Scam
Post by: mightyMight on June 08, 2017, 06:40:49 AM
I wonder if ever Sam Cole and his collegues are taken to justice for their scam. Anyone knows the numbers how many Kncminer customers have been cheated?

Did anything ever come of this? I don't remember seeing anything.

They now run the Xbtprovider ETN listed in Sweden which isn't hugely reassuring considering their track record.
From what i see, those guys are not prosecuted and get away with it.