The search function on this site is crap, I have to use google with "site:bitcointalk.org". Had I come across the fractional reserve I would have chosen a different site. Obviously with hindsight I can see my due diligence wasn't sufficient but don't pretend like any idiot would have figured it out with an hour of research into the different altcoin exchanges. Stop playing the "suckers are idiots and therefore deserve it" card, it's like you are trying to justify the fraud. If it bugs you that people are upset for being intentionally misled, then don't come to this section of the form, we don't care to hear it and you're not helping anyone by mocking us.

Why are people acting like it was painful obvious that vircurex was a problem? I didn't find it. I was able to dodge Mt.Gox but vircurex' fractional reserve isn't easy to find unless you're active on the forms around the time it happened, the news reports make it sound like they covered the losses. How was I suppose to know about these investor reports? Never turned up on any searches I made.

I noticed the discrepancy too. I'm convinced all the numbers are made up, he's just optimizing the scam potential. The company doesn't exist. Have you seen the pump and dumps on their cryptostocks site? What a joke, of the 5 or 6 I checked, 1 was verifiably fake, the rest were very suspicious/probably fake, and none with legitimate business registrations or anything that would indicate they were real.

The other thing is, a company or individual can't just withhold funds/property because they think it is the best move. They either negotiate or they declare bankruptcy, they can't say "woops, can't give you back your property, maybe you can get it in a year or never". If anyone could do what they are doing, then every company on earth would pull this stunt when they run out of money.

They have no money, any sane person would have done a payout %, the reason that option wasn't taken is because it would have been an insulting amount (much less than 50%), that's why there is this bizarre 50% to the top 50% to the bottom, it's to hide their losses. It sounds fair until you realize how dumb it is, there is nothing fair about that payout system, all it does is allow them to claim they repaid tones of accounts (all of them dust).