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Still no answers to these questions about Bitlend:
Is this the correct and complete lineup of the principals involved with Bitlend?
D. Allen Shinners
Joe Mordica
Adam Matlack
Matthew K Eden It now appears that this Paycoin Creep is part of Bitlend.io as well
Jason Sponaugle
Richard Nelson
Eric Kraus
Michael J. Koerner Michael claims to be promoting Bitlend.io. for free
ALL of these people were/are deeply involved in either the GAW and/or Paycoin schemes in a variety of ways. ALL of them.
Since the pack of really standup guys running Bitlend refuse to answer even the most basic of questions about the Bitlend operation, I have sifted through the various statements made by the admitted principals- some of which have since been removed or edited, to try to ascertain the complete ownership of this completely legitimate and trustworthy lending institution. Please respond and verify that these people are all involved in Bitlend, and also please indicate any others, including paid and unpaid shills and such.
While you are at it, can you please answer the question about the supposed Dubai business incorporation for Bitlend? Is it a UAE/Dubai registered business or not? Why on earth are you refusing to answer even the most basic questions about Bitlend? If the UAE/Dubai registration is legitimate and not a flat out lie, then who are the UAE national(s) who have the 51% minimum ownership of Bitlend that is required for that to be legitimate? Your (dis)information campaign started out by stating that you, Jason Sponaugle, and Dick Nelson were the owners, and then you changed that to "Oh gosh it is actually 6 people and myself", and now this. Please explain EXACTLY who is involved in this operation so that potential investors and customers can make an informed decision about whether they should use the Bitlend.io service.
Quite a pickle you are in here Allen. Can you or any of those involved in Bitlend.io please explain why everything about this operation is actually the opposite of what the facts and common sense say it is? PLEASE.
This question goes out to everyone, but the Bitlend Operation Team in particular, of course: Assuming the Dubai registration is valid, and at this time that is a big if, Bitlend appears to be perhaps barely in compliance with various anti-fraud and anti-predatory lending laws of the United States of America and it's constituent States , skirting regulation of some due to operating with Bitcoin instead of USD, and perhaps also by "registering" (maybe) the Bitlend operation in Dubai. To my knowledge ALL of the principals in Bitlend are United States Citizens who currently reside in the United States. If all of Bitlend's acting principals are residing in and performing the functions of this "company" (no proof of actual legal incorporation has been provided yet) within the United States of America, are they then not required to adhere to US laws?
Another thing occurred to me recently, which I am unsure about. Bitlend appears to be operating in a "legal gray area" due to the loans being made in BTC. (What about WY and NY??) However, the ultimate liability of the borrower and protection for the lender rests in collection agencies. These collection agencies will seek remedy not in BTC, but in United States Dollars. If the ultimate liability of these loans rests in USD, does that make Bitlend subject to the financial, anti-fraud, and anti-predatory lending laws (especially CO's APLLs) that they are trying to skirt? This is a very serious question that needs to be addressed. Bitlend? Are you going to answer? Any legal or financial professional's here on BCT care to give their opinion on this?
Expect this list of valid and basic questions about Bitlend to grow and be asked repeatedly until they are answered. If anyone is aware of any information that I have missed or an incorrect conclusion I have made about the above, please post here with any information you have.
P.S: With the recently released but heavily redacted testimony of Coinfire's Mike Johnson to the FBI about the vicious attacks and harassment at the hands of the Paycoiner Cult directed by Homero Joshua Garza, it is looking like that might actually develop into a Murder for Hire trial. If and when that happens, it is likely that ALL scumbags who were paid by Josh Garza to shill and worse for him in support of his fraud operation will at minimum be listed during such a trial. The clock is ticking away on the period in which anyone on that list can come clean before then. Food for thought.
Is this the correct and complete lineup of the principals involved with Bitlend?
D. Allen Shinners
Joe Mordica
Adam Matlack
Matthew K Eden It now appears that this Paycoin Creep is part of Bitlend.io as well
Jason Sponaugle
Richard Nelson
Eric Kraus
Michael J. Koerner Michael claims to be promoting Bitlend.io. for free
ALL of these people were/are deeply involved in either the GAW and/or Paycoin schemes in a variety of ways. ALL of them.
Since the pack of really standup guys running Bitlend refuse to answer even the most basic of questions about the Bitlend operation, I have sifted through the various statements made by the admitted principals- some of which have since been removed or edited, to try to ascertain the complete ownership of this completely legitimate and trustworthy lending institution. Please respond and verify that these people are all involved in Bitlend, and also please indicate any others, including paid and unpaid shills and such.
While you are at it, can you please answer the question about the supposed Dubai business incorporation for Bitlend? Is it a UAE/Dubai registered business or not? Why on earth are you refusing to answer even the most basic questions about Bitlend? If the UAE/Dubai registration is legitimate and not a flat out lie, then who are the UAE national(s) who have the 51% minimum ownership of Bitlend that is required for that to be legitimate? Your (dis)information campaign started out by stating that you, Jason Sponaugle, and Dick Nelson were the owners, and then you changed that to "Oh gosh it is actually 6 people and myself", and now this. Please explain EXACTLY who is involved in this operation so that potential investors and customers can make an informed decision about whether they should use the Bitlend.io service.
Quite a pickle you are in here Allen. Can you or any of those involved in Bitlend.io please explain why everything about this operation is actually the opposite of what the facts and common sense say it is? PLEASE.
This question goes out to everyone, but the Bitlend Operation Team in particular, of course: Assuming the Dubai registration is valid, and at this time that is a big if, Bitlend appears to be perhaps barely in compliance with various anti-fraud and anti-predatory lending laws of the United States of America and it's constituent States , skirting regulation of some due to operating with Bitcoin instead of USD, and perhaps also by "registering" (maybe) the Bitlend operation in Dubai. To my knowledge ALL of the principals in Bitlend are United States Citizens who currently reside in the United States. If all of Bitlend's acting principals are residing in and performing the functions of this "company" (no proof of actual legal incorporation has been provided yet) within the United States of America, are they then not required to adhere to US laws?
Another thing occurred to me recently, which I am unsure about. Bitlend appears to be operating in a "legal gray area" due to the loans being made in BTC. (What about WY and NY??) However, the ultimate liability of the borrower and protection for the lender rests in collection agencies. These collection agencies will seek remedy not in BTC, but in United States Dollars. If the ultimate liability of these loans rests in USD, does that make Bitlend subject to the financial, anti-fraud, and anti-predatory lending laws (especially CO's APLLs) that they are trying to skirt? This is a very serious question that needs to be addressed. Bitlend? Are you going to answer? Any legal or financial professional's here on BCT care to give their opinion on this?
Expect this list of valid and basic questions about Bitlend to grow and be asked repeatedly until they are answered. If anyone is aware of any information that I have missed or an incorrect conclusion I have made about the above, please post here with any information you have.
P.S: With the recently released but heavily redacted testimony of Coinfire's Mike Johnson to the FBI about the vicious attacks and harassment at the hands of the Paycoiner Cult directed by Homero Joshua Garza, it is looking like that might actually develop into a Murder for Hire trial. If and when that happens, it is likely that ALL scumbags who were paid by Josh Garza to shill and worse for him in support of his fraud operation will at minimum be listed during such a trial. The clock is ticking away on the period in which anyone on that list can come clean before then. Food for thought.
you should guest post for coin fire! doing great work here!
