I need to correct some information made in the OP. According to Gerald Bitsimple lost it's last bank account on August 20th 2014. I suspect this was because it was operating without a MSB permit. Sadly there are reasons why I speculate this to be the case but I do not think I can legally share that information at this time.

I would also like to point out that when Gerald asked for more time on Feb 15th 2015 it was so he could go find a job. He told us he was looking for "defense contract related" work. This kept us silent about things so he could get a decent job and then come back to explain what happened with TC and BS. However despite their being a non compete agreement it now seems he is working for a related operation. If I have the correct information this company is outstanding and a blessing to the community, therefore I feel sad that I kept silent about the issues. I do not want to see this issue harming a great operation.

This was moved to the to "Scam Accusations" by a moderator who I guess is more aware of the facts about this than I am. Being around for years seeing 100's of scams I will admit that this does look like a classic scam but I do not have access to all of the information to make that judgment. What is clear however is that Gerald has not been cooperative, fails to communicate and to put it politely has been disrespectful.

As many of you know he just left the community for about 6 months. Many of the investors had just assumed we had become victims of yet another "bad investment". Since he left the community we had no expectation he would return and just left things how they were. However after several months of Gerald paying himself and his family to do "work" he came back and asked us to vote for dissolution. None of the investors wanted to vote for that until we could understand where the money went and why. It is to the point where we have no expectation of Gerald giving us the information that we have requested even though he is legally obligated to give it to us.

Sadly this is not fake. This issue has affected my life and my health. I'm not sure how many of you could take a six digit loss and just write it off without question. This issue has caused me to lose sleep, partly because of how to respond to it. Questions like is letting the community know about this issue unprofessional? Am I being too harsh? Anyway my family and the future of my kids would have been much better off had we not trusted Gerald. I just wish he slightly cared about us, at least enough to explain why he did what he did. There are 4 investors total and I can not say for sure how Gerald received the money. I'm giving the community the most correct information that I have. Much of it comes from the other 3 investors and might not be 100% correct. If I can correct anything in the future I will. However since Gerald has not responded I think it is safe to say this is more or less correct even if some details are off.

About the money missing from the bank, Gerald claims the bank reversed a wire after he paid the people their bitcoins. This seems a bit fishy to me so I just want to see the police report. However I have tried to find the police report but I can't find it and honestly wonder if it was ever filed at all. About the staff, as far as I understand it the only staff is Gerald and his direct family members. I'm not saying they were involved but I will say I have no information about this other than from Gerald. Information in the report might help me understand what happened and how.

If things progress I will give an update. Feel free to ask questions if I am not clear of if you find some inconsistencies in the story like the form $600,000 funding.

Gerald Davis a.k.a. DeathAndTaxes of BitSimple (BitSimple.com) and Tangible Cryptography (tangiblecryptography.com) sought out and accepted $600,000 in fiat and bitcoin from investors in January 2014. These funds were acquired by selling stock in Tangible Cryptography and were to be invested in BitSimple.com.

BitSimple.com shut down bank transfer operations in May 2014. The investors were not informed until August 2014. Mr. Davis was asked to consider dissolving the company in August 2014 after he reported a theft of around $25,000 and no banking accounts. Gerald Davis did not respond and failed to communicate to shareholders from August 2014 to January 2015. During this time a six figure amount of US dollars was redirected to Mr. Davis and members of his family.

In February 2015 Gerald asked us to vote for a company dissolution and scheduled the fist company meeting. The shareholders refused to vote for dissolution because promised finical reports were not delivered.

Gerald Davis then asked for more time due to personal reasons and this was granted. However at this time Gerald Davis is no longer communicating or responding to investors. Because of this we felt it was time to inform the community of this very unfortunate and confused situation. We hope that it will be resolved soon.

The best way to resolve this in a civilized way would be for Gerland Davis to provide the legally mandated finical reports and access to the police report that was filed when the funds went missing.

I ordered a jalapeno in April-- what could be the ETA be, anyone know? I heard that they where being shipping a month ago, but still nothing for me. Did I get scammed?