That scammer's wallet is like the 12th largest Bitcoin wallet. It is probably Coinbase or some other exchange he used to cash it out for USD.
Ya that also makes sense  _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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I think we should have more of a discussion on a point raised recently.
Why has a lot of the coin from the ACTM address gone to what is apparently a scammers address.
14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW - scam address.
What ACTM Address? 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP Maybe it's just one of those days but I can't find anywhere on 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP where coins were sent to 14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW sorry if it's just my mistake. 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP to 1HtoMBUKzRgS5X9WdnwZiQKQccvWBCPGx and then follow the transaction. (All within a few minutes of each other) My wager on that transfer is it's HashFast's wallet (Based on timing "April 30th") - Valued at $135,000 at time of sending.
24 Hour Sale on our Gold Rush boards $200 off with this voucher K0JLPCYB
Limited to the first 25 boards sold.
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I think we should have more of a discussion on a point raised recently.
Why has a lot of the coin from the ACTM address gone to what is apparently a scammers address.
14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW - scam address.
What ACTM Address? 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP Maybe it's just one of those days but I can't find anywhere on 16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP where coins were sent to 14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW sorry if it's just my mistake. |
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I think we should have more of a discussion on a point raised recently.
Why has a lot of the coin from the ACTM address gone to what is apparently a scammers address.
14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW - scam address.
What ACTM Address? |
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So how can you prove that it was a scam, and not just a failed business? He is right that the difficulty shot up higher than anyone expected.
Well we can look at what the US Government sees it as Secretary of State Jason Kander today halted Springfield resident Kenneth Slaughter’s Bitcoin-based investment scheme that used deceptive tactics to convince online investors to pay for the development of Bitcoin "mining" equipment. Mining is the process of solving complex math problems to gain additional Bitcoins, an unregulated digital currency. We can then look at one of the definitions of scam scam noun \ˈskam\
: a dishonest way to make money by deceiving people Looks pretty clear cut to me. _______________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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Unfortunately, since many of my shares were purchased from other investors via Bitfunder, I doubt I have a leg to stand on in regards to claiming any money back.
I don't believe it will matter who you purchased the shares from. It doesn't make sense for them to only say "IPO" purchasers as everyone was conned by Ken's deceitful tactics. Also I explained to Shawn that there's basically no way to verify who purchased from IPO and that Ken would likely make it extremely hard for any verification to be done. At any rate Shawn didn't EXACTLY say one way or another what would happen but he did say that the MSD is going to try to get money back for anyone that was affected by Ken. |
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Well put tempestb
I'm going through my Bitfunder logs and I believe I've found what Ken has paid per share thus far in Dividends for "ActiveMining" and "AMC".
0.00005793 BTC per Share from the start of the "ActiveMining" IPO.
0.00000397 BTC per Share from the start of the "AMC" IPO
Total Per Share: 0.00006190 BTC
Edit: Sent in that filled out questionnaire to Shawn.
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Has anyone actively given Shawn your personal information. I know we have speculated it is not illegal to buy shares, but have we verified this? This is the information he is asking from me: We would like to know more about your investment with Ken Slaughter and Active Mining Corporation(“AMC”).
If you could provide the following information it would be greatly appreciated:
- Date shares were purchased
- How and where were the shares were purchased –
- What convinced you to buy shares in AMC
- Who provided information to you regarding the investment
- What evidence of purchase do you have, documents, etc.
- Did you review any offering materials before purchasing shares
- Are you an accredited investor
- Any additional information you can supply regarding what you were led to believe about Ken Slaughter, AMC or the investment, including any untrue statements
- Your contact information, address, phone, etc. I've given Shawn my personal information including First/Last Name Address Phone Number He said he would be sending an email asking for what you just posted in the future. I guess I'll start writing it up based on your post to get a head start. I'm assuming the "- Are you an accredited investor" has you hung up. I imagine this is to show that Ken was asking money from people he should not have been (non accredited investors) |
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I just bought this shares witht he same mind as buying loto tickets, never risked serious money. I was just curious, as i.e. I didn't knew you could resource to the MSD as a foreigner. As I said, it was more of an hypotethical question.
I understand, if you do contact the MSD please let us know what they say for a foreigner. Thanks! _____________________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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What will you guys do if you had a low amount of shares and weren't from the USA? I only own 1400 shares or so, and probably any option will require much effort for a ridiculous benefit, so I ask motived by curiosity more than anything.
I'm genuinely curious as to why so many people outside the US can't call the MSD and ask this question. At this point it's pretty black and white, you either call the MSD and find out as much information about your particular situation and then make a decision to sell on CT (before trading is halted there) or wait for the MSD ruling. Hell, if you guys are so worried about the MSD watching you use a pre-paid phone or a public phone and don't provide them with your contact information. There's also a metric ton of securities attorneys that would give you advice based on your situation for free by doing a simple google search. After a 5 second google search, this site looks like it could provide you some leads directly in Missouri - http://lawyers.findlaw.com/lawyer/practicestate/securities-law/missouriAs always if anyone outside the US actually gets some information on this subject try to post it up here with who you talked with and what they said so people can verify. Currently on CT you would receive 0.014BTC or $8.29 at current pricing. I guess you have to value if it's worth that to sell and walk away. |
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Not been online in a week.
At least he is active on Crypto Trade -   Was online there yesterday. |
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Since CT is not a decentralized exchange and Ken has control over if the shares can be sold/traded or not I believe in that regard he is not following his order from the MSD.
Those shares are not Ken's, but to the holders, who could or could not be in the US. The exchange they are traded on is in Hong Kong. So what is the jurisdiction? Could someone call MSD and ask for plain English explanation of their order and could it be applied to holders out of US? Is someone going to create AskMSD account to collect the questions? The point here is that there is a main account (controlled by Ken) that has the ability to tell Crypto-Trade to halt trading. This has not been done. BG: It is still an investigation. Re-read the cease and desist. The office of the financial investigator, Scott Johnson scott.johnson@sos.mo.gov is still looking to get copies of correspondence from Ken to investors. The Cease and Desist order is not a final judgment. It is just the court's demand that Ken Slaughter stop trading and stop his illegal activity. It does not give a final decision on how much should be returned or compensated to though from whom Ken Slaughter stole. Ok, All the more reason for any shareholder to contact the MSD. I've stated that they are requesting information in order to figure out the restitution and fines. Thank you for the email for Scott, I'll add it to our growing list of contacts. The overwhelming evidence for the past year is that even if Ken Slaughter had good intention to produce miners, doing so was beyond his skill and organizational level and he soon began lying to us all.
This is my opinion as well at this point. Where are all the shareholders that believed in ken and wanted to help him so much? How are you helping him now?  The few that are left understand that there's nothing they can do at this point. It's a matter of letting the fire burn and seeing if there's anything left at the end for them. Good luck. _____________________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govScott JohnsonInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-751-4704 scott.johnson@sos.mo.govMissouri Securities Contact Information PageWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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How do we know that the MSD will not come after shareholders as well?
I feel that we as shareholders were complicit in buying the shares violating the Securities Act so given my small share count I have been staying on the sidelines rather than risk a personal legal battle with the MSD. That is whats holding me back from making any calls. Do you have any thoughts about that and have you spoken to a lawyer about this? I think there are likely other shareholders in the same boat as me. My investment at the time of investing would only have been $6k in USD. The lost opportunity cost is huge but from an MSD standpoint I only lost $6k and that would barely cover any lawyer legal fees if I had to personally defend myself.
I don't believe buying unregistered securities is illegal, only selling. If it is please point me to that as I would be interested in learning about it. You can call the MSD and not give your name or contact information but instead just talk and request information. Hell there are a ton of "free lawyer advice" lines and I'm sure one of them can answer your question. I've currently not spoken to a lawyer about this as I'm waiting to see how the MSD handles the restitution issue. |
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Bar,
1. How can you do that in the United States as is? There was the crowd funding law passed but that has not been implemented yet. I am genuinely curious because the only legal way I know of is through accredited investors even if we take away the whole Belize bs. If I wanted to crowd fund a startup today as a legal US company with shareholders how would I do that?
2. If the investigation is over why do you want people to continue to call them?
They made a ruling which is just part of the investigation. Depending on how Ken reacts and the opinions they receive from shareholders the MSD will likely continue to look into the company and Ken even further, they don't just make the ruling and walk away from it hence why I am of the opinion the investigation is not over yet.
1. http://en.wikipedia.org/wiki/Private_placement - It might not be everything you want it to be but it's something for now until the crowd funding law is implemented. There's also likely a few other routes that can be taken depending on the situation. 2. The MSD asked shareholders to call them to provide information for when/if restitution is given (They have to know who to give it to). Now they are just figuring out how much money he owes to the state and to shareholders that want to opt out. |
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Well we all knew they were unregistered securities and then a shareholder complained to the MSD. Most if not all of us are unaccredited investors in the United States which is why the only way to sell shares to us is through unregistered securities. There are likely no profits yet and the only way for the company to attempt to stay afloat would be to pay the MSD fine and cooperate with them.
I hate the no books, no accounts, and no dividends but now that this investigation has started and become a full investigation we the shareholders are not going to get any information from Ken until its over. Really unfortunate I mean we were getting very little information as it went along but its now completely dark.
Maybe we could propose an audit, Ken seemed open to it a month or so ago, but now I bet his lawyer would advise against it given the MSD investigation.
It's no longer an investigation.... http://www.sos.mo.gov/securities/orders/Order to Cease and Desist and Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed http://freepdfhosting.com/0d53fc3f43.pdfKen has been found guilty after an investigation and has been ordered a cease and desist. He now gets a chance to defend himself against all of the penalties and restitution. Please don't sugar coat this as you may mislead "shareholders". If current "shareholders" want to stay in for whatever reason at least let them have all of the facts to do so. There are ways to collect money from the public legally by filling out certain paperwork and getting approved, Ken tried to circumvent the system by registering in belize and making it appear that everything was kosher. The biggest part of this that shareholders do not understand is there will never be "profit". When you lose 400+ coins on an exchange, get a "partial refund" on an NRE that doesn't produce anything, and then use all of the mining funds to pay back pre-orders that never materialized, you will always be "negative". |
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Either way trading is still available so if anyone wants to dump their shares on CT they have that ability.
Or buy more, right? (for someone to 'dump' someone else needs to buy) Forgive me if I'm wrong but you seem awfully biased in you stated opinions. I don't believe you are wrong, it's pretty clear that I believe this company is over and have stated so multiple times. I believe everyone on here understands that in order to buy something it has to be sold or vice versa. Any other questions? _____________________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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What course of action should an investor from the UK take now? Is there anyone I should contact in regards to making a claim for compensation or should I just dump my shares for a pittance on CT and have done with it?
There were a few people from the UK that have asked this question. I highly recommend to contact the MSD and ask what your options are that way you can make an informed decision. Unfortunately I don't see CT being available much longer as every day that Ken allows trading on there he is going against the MSD order. I thought that it meant that he could not issue more shares? Not that they could not be traded? Can you source the 'can't be traded' part of the official statement made by the MSD, please? This is my understanding and interpretation of how the MSD would see this. http://freepdfhosting.com/0d53fc3f43.pdfNOW THEREFORE, it is hereby ordered that Respondents, their agents, employees and
servants, and all other persons participating in or about to participate in the above-described
violations with knowledge of this Order are prohibited from violating or materially aiding in any
violation of Section 409.3-301, RSMo. (Cum. Supp. 2012), by offering or selling unregistered,
non-exempt securities; from violating or materially aiding in any violation of Section 409.4-
402(a), RSMo. (Cum. Supp. 2012), by transacting business as an unregistered agent; from
violating or materially aiding in any violation of Section 409.4-402(d), RSMo. (Cum. Supp.
2012), by employing or associating with an unregistered agent; and from violating or materially
aiding in any violation of Section 409.5-501, RSMo. (Cum. Supp. 2012), by, in connection with
the offer or sale of securities, making an untrue statement of a material fact or omitting to state a
material fact necessary in order to make the statement made, in light of the circumstances under
which it is made, not misleading or engaging in an act, practice, or course of business that
operates or would operate as a fraud or deceit upon another person Since CT is not a decentralized exchange and Ken has control over if the shares can be sold/traded or not I believe in that regard he is not following his order from the MSD. This is my interpretation and when I mentioned it to Shawn @ the MSD he found it interesting. It's usually not good practice to operate in "grey areas" when you've received a cease and desist from the US Gov and are currently residing in the US. Either way trading is still available so if anyone wants to dump their shares on CT they have that ability. |
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What course of action should an investor from the UK take now? Is there anyone I should contact in regards to making a claim for compensation or should I just dump my shares for a pittance on CT and have done with it?
There were a few people from the UK that have asked this question. I highly recommend to contact the MSD and ask what your options are that way you can make an informed decision. Unfortunately I don't see CT being available much longer as every day that Ken allows trading on there he is going against the MSD order. _____________________________________________________________________________ MSD Info:Shawn HagertyInvestigatorMissouri Secretary of State, Securities Division 600 W. Main St., Box 1276 Jefferson City, MO 65102 573-526-3901 573-526-3124 (fax) shawn.hagerty@sos.mo.govWood Law Info:
http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation888-237-0999 1100 Main Street, Suite 1800, Kansas City, Missouri 64105 1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804 |
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