@bitillionaire - The article covers almost all the story, though the central point
should have been given more prominence. The promises made by bitmine regarding the
refund included a ten percent penalty to be paid if the equipment cannot be
delivered on time. Leaving the engineering and the legalities aside for the moment,
any company that promises to pay out more than it takes in has to be a ponzi
scheme at at some point - that just the mathematics.

That makes the people running Bitmine either fools or knaves and perhaps both
at some point in time. And that's aside from the currency risks they ran that became
fact because of bitcoin's fall in value post November 2013. Order in November,
receive a refunded pay out x5 bitcoin the next year (in your dreams ...).  

The question I would ask of Bitmine is where did the money come from to recapitalise
Bitmine early in 2014? Around the time that Georgio was hinting that his customers
were investors in Bitmine?

Just what does it take to get the Swiss to investigate one of their Companies?

Perhaps I will get these answers soon, I'm awaiting a reply to a request ...
then I get a lawyer ...
then ...