Well, at least you got him the scammer tag. That should make him really angry, right?

Thanks. Can you please tell me how I can get in contact with James? I had 250+ BC in my account and he doesnt even think he should write me or respond my email. Instead he is doing very silly things with all our money.

See what I am saying. This guy seems to be the greatest douchebag on earth. He is sitting on our BC + Assets and does everything wrong that could be done wrong. From the start.

The tax thing is my problem. Til now I only lost money, if important at all, I would have to pay less tax. Also I will only have to declare this years tax next year. Also I am not aware that I will have to declare Bitcoins as long as I didnt turn them back into money.

I was not aware, that he is paying out big amounts as stated above. This of course changes the situation. But I really can't see why this is taking so long. Also I did not get one single email. To get my information I have to look at this forum and trust people who say that got paid. I don't know any of you personally, so what is this worth?
The way this is taken care of is so rouge, it can't only pe unprofessionalism. What does it cost to send an email to every client, updating status? Or at least confirm email adress. I can not even be sure if I didnt put in a typo on my request. Some people report they got emails but no BC, others got BC but no email. Other like me didnt get anything. This is simply not the contract I agreed to with GLBSE, thus legal action might be required.
I also think I did not do any illegal activity. Comparing this to buying drugs makes no sense. Possession of drugs is illegal. I bet you can't even spell out what exactly illegal it could be that I did. What I did was sending value to somebody who promised he gives it back anytime I want. Easy like that. We are talking about the BC lying in my account here. The guy just took them and doesnt give them back, nor does he respond to me or show any effort he would. End of story.

My part in it? I was not aware at all that this was an illegal securities exchange. So now the defrauded person makes part of the fraud because he "supported" it? You can argue that I was stupid by trusting GLBSE, but not that I made part of any fraud system.

agree

[/quote]
I received over 700 Bitcoins back from GLBSE
I have also heard several other people confirm transactions over 100 BTC, I recommend calling James and talking with him before any legal action is taken.
//DeaDTerra
[/quote]

Thanks for the info. When did you receive those?

I am in Brazil. Wouldn't help too much.

Ok,
I waited another week and didnt receive any Bitcoins. Also I read of nobody who had any amount of 100BC or more to have received his funds. I read about a lot of people with 0.6BC or so that got their funds back. For me this looks like they are buying time.
Even if you have to go through 800 accounts manually, it should be easily done in a week, so I still think this is a major fraud going on.
I put in 50BC to get legal help and process Nefario. But we need more than this. Please, other victims, join, lets get together at least 200BC to start and do something. I can't believe everybody let just happen this.
Those who say it wouldn't be worth it, can you explain why?
All the account assets are there in Nefarios hands! There is even people getting overpaid (1BC instead of 0.6BC), that means there is no caution at all about what happens to our funds. Also it seems Nefario is using our funds to pay his lawyer to safe his ass. Let's stop him now and get our money back!
They had enough time to pay us back. Let's take action!

No significant assets? At least all Bitcoins that where just lying around at the date of closure. I guess thats more than 5000BC.
Why do you think there is less?

Thats exactly what Im saying here. I just want to gather with other victims.

I have followed the latest scams in this community and actually always found it ridiculous how people are being ripped off and do nothing but discuss about a scammer tag.

This time I myself lost some coins and also access to some assets. As for now, GLBSE didnt contact me, promised on their site to reveal whats going on and didnt, promised to pay out and didnt. Nobody has any clear information and I call this a major fraud. My bitcoins are gone, the company I left them with is unreachable. That's reason enough to file a legal case.

I would like to gather with other victims of this scam, put some money together, pay a lawyer and see that we get the most out of it.
Also I would like to gather personal data of people responsible, like nefario and other. So any information about their full name, adress, complices, please public in this thread if you agree with me.

It's been a week now, several promises broken, and such an unprofessional politic of information makes it more and more unlikely that anybody gets anything back by waiting.
Also Nefario made money with his business. It's not like he did us a favor and it went wrong and we should be pacient. He had a business running, it went wrong and he gave us a "f..k u all, I better safe my ass".
Wake up people, you have been ripped of! Take action!

could you please give out anything? Why is there not even a note about what's happening?

yes, that's the country!

are you guys serious? Those charts really suck. There is no way to zoom in (adjust time range). E.g. there is no way to see detailed recent activity on Gigamining. Or am I doing something wrong here?

I can't believe there is actually a discussion about if Matthew did right. This is fraud as open as can be. No judge in the world would stand a second for Matthew. I am a fairly new forum member and I always thought either Matthew is a fraud or totally insane.
He was just backed up by so many other members that seemed to know him and trusted him that I considered he might just now something everybody else doesnt.
People are doing him too good in saying he wanted to teach a lesson. You can say that about every fraud. If I would have taken the bet I would defenitely consider criminal charges!
In general it just confirms that Bitcoin is still some geek thing with lots of premature guys having too much of it and falling for the simplest scams and then not even taking real actions against the fraudsters.
For me big parts of this forums seem a bit like kindergarten. Sorry for that, just some thoughts from an outsider.

Thanks for the heads up. I will have a closer look on that.

You are right. It would make sense to use the currency most investors use to do their daily shopping, probably the USD.
I am not yet totally familiar with how GLBSE works on the project creators side. But I guess you can just calculate net worth in USD against the current BC/USD price. Dividend would only be paid out when finalizing the deal and also has to be calculated back to BC.

I can see that many or most people here see the Bitcoin price just going up in the future and again, 20% profit a year does not combine with such a volatile currency. This investment offer is rather a traditional one, using the Bitcoin just as a tool and not as investment itself.
Profit margin but also risk is much lower. Given that investors can feel safe that this is not a scam a 20% is considered a very profitable return.

Pretty confident is not enough. I also felt pretty confident that I would make a huge profit when I bought my first bitcoins for 9$ to 12$ about 15 months ago just to see my money almost gone shortly after. Its just speculation. And this is different from calculated profit.

Interest and payback itself would not be paid in BTC but converted from USD, EUR or BRL.
BTC would just be used to make transfer and handling easier. Of course, for speculaters its more interesting to invest in raising BTC, but thats it, speculation. BC can also take a rally down to 2$ as it did before. Such a volatile currency is not good for any middle and long term business. 20% profit are nothing compared to the value change BC can take in a year (in any direction).
I have about 3% of my net worth invested in BC. If I would be so sure, BC is going up at least 20% the next year, I would be invested at least 50% and not doing a lot of other things. I am just not.