His service meets the legal definition of a security. The forum's policies have no relevance.

Who here has suffered financial, emotional and other losses from Matthew's financial service?

I encourage you to file. The more people that file, the quicker this can be resolved.

People have hedged with Bitcoin Savings and Trust securities along with Matthew's bet. In essence, he has offered a fraudulent security which he marketed to many as a hedging instrument.

There has been financial loss.

Matthew would've taken the funds of his bettors if he had won his bet. People only gave him this opportunity of huge winnings by fraudulently misrepresenting his enterprise.

It's a case of endangerment and severe fraud. Financial fraud is a crime in most first-world countries.

https://bitcointalk.org/index.php?topic=102918.0

Many of us in #btcst on Freenode have come together and filed against your unregistered, fraudulent hedging program. You as a US Citizen have victimized many abroad and domestically. You have broken many Security and Gambling laws in Korea and in the United States.

You will be brought to justice by either the SEC, Korean authorities or other international authorities.

If you have been a victim of Matthew's fraudulent conduct, please report it here under insurance: https://denebleo.sec.gov/TCRExternal/questionaire.xhtml