DTS: VE was 100% right! But his strategy was not effective.



VE doesn't want to share any of the info he has. I have asked him several times.

 

The whole situation with ActM, this forum thread and Ken Slaughter has disgusted me. I got busy with other ventures that have a higher probability of yielding me financial gain and have not been even reading this thread. CoinHoarder's questions are good. Has anyone communicated with the the disgusting, con-artist and liar Ken Slaughter in the last month of so?

Has anyone had contact with any officials from Wood Law or the State of Missouri?

What is the current state of things with ActM?

You are asking good questions which have been answered many times on here.

Here is my answer (again):

Chances are, you will not get any of your money back. Ken Slaughter is a liar and a theif and he and his lawyer will be clever about preventing Ken from returning anything.

My opinion is that the State of Missouri should demand that Ken Slaughter sell ALL the assets of ActM/VMC and then distribute all the assets including mined bitcoin to all the shareholders according to the number of shares they own.

That is compensation should be made in bitcoin.

Then, the state should fine Ken Slaughter for $200,000 and the money to pay that fine should be taken from Ken's personal assets and not ActM/VMC.


The only way that we have a chance to get anything back is if you contact the investigators whose contact information has been supplied on this list many times, and contact the lawyer who is acting against Ken.

I also am going to contact Ken's lawyer and talk to him.


The more people who give information to the investigator, the beetr chances that they will be able to pressure Ken into doing the right thing.

Once again, we can complain all we want about Ken Slaughter, but unless you are calling or emailing the investigator and lawyers
and sharing your story, it is all smoke and vapor.


Scott Johnson
Investigator
Missouri Secretary of State, Securities Division
600 W. Main St., Box 1276
Jefferson City, MO  65102
573-751-4704
scott.johnson@sos.mo.gov

Missouri Securities Contact Information Page

Wood Law Info:

http://www.woodlaw.com/cases/virtual-mining-corporation-and-active-mining-corporation
888-237-0999
1100 Main Street, Suite 1800, Kansas City, Missouri 64105
1736 E. Sunshine Street, Suite 209, Springfield, Missouri 65804

We can complain on here all we want, but that will change nothing.

The only actions which make sense are to share all your information regarding your interactions with Ken Slaughter with the Missouri investigators, the address and email and phone number of whom has been shared here multiple times.

Also, it make sense to contact both Woodlaw and Ken's lawyer and express your opinion.

Mine is that Ken Slaughter be forced to liquidate all his personal assets and all of the assets of ActM and distribute them to all the shareholders except for his family members.

This might be of interested to someone here.

http://92293ff2971cb4d34ea7-b724c2d0890492d9be93e9e829a07e11.r61.cf2.rackcdn.com/Kenneth_E_Slaughter-bd9f8f0ad3ed256.pdf

It is a background check on Ken Slaughter

A) It does not matter what Ken's original intent was. The fact is, he began lying at some point and made decisions that have caused investors to lose money.

B) There is no need to prove it was a scam. There only is need to get Ken to pay out the dividends he promised and be honest now.


What is important now is for everyone to share what information they have with the Missouri investigators, and to do what we can to publicize Ken Slaughter's reputation so that he is unable to ever start up any other technology business.

It would be interesting to find out where he does currently work.

This morning, I just forwarded all the emails between Ken Slaughter and myself from even before I bought shares.
It is a collection of emails which have all the promises (lies) Ken Slaughter told me.
Now, the investigators in Missouri will have them.

Ken, do you or your lawyer read this?  Be an honorable man and liquidate ActM, distribute the mining proceeds you have on Eligius, sell the assets and distribute all that. That is the honorable thing to do.


To everyone else, if you have any emails from Ken, any records of communication with him, please share it with the investigators in Missouri.

Write to scott.johnson@sos.mo.gov and share with him your story, date of investment, total amount of bitcoin invested, number of shares owned, the name of the company, any copies of emails or IRC or PMs with Ken, and a narrative of what you were told about the investment.

Lorenzo Money

Look Here: https://bitcointalk.org/index.php?action=trust;u=1707

DTS:

You are 100% acucrate. Ken has forgotten the people who were his friends and now sees us all as his enemies.

SO be it. I am in the process of sending the financial investigators in Missouri more than enough information to prove that Ken Slaughter lied over and over again.

If Ken Slaughter was a smart man instead of just a sleazy one, he would contact me and try to negotiate a price for my shares, since what he wrote to me earlier on, is very condemning.

I suggest EVERYONE contact the investigators. One way of the other, Ken Slaughter career as a scammer is not going to end well for him.

ZumZero,

If you really are buying ActM shares now, you are doing something very, very, very stupid.

I would be will to sell you all of my shares for .0008 a share.
You must buy all of my shares at once.

Contact me in PM if interested.


Otherwise, and I have just recently read back postings for the past week, it is clear Ken Slaughter has lied to us all since the very beginning.


Anyone who argues otherwise is just plain wrong.
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.


L-M

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.

I have contacted MSD and am providng them with copies of emails in which Ken Slaughter made all sorts of promises to me.  I have enough in the correspondence he wrote me to nail him to a wall.

Earlier on, when Ken Slaughter needed money, he would write long emails to people. 
Luckily, I saved it all and it will all be forwarded to Mr. Johnson.

I suggest that everyone who has early correspondence and promises from Ken Slaughter contact Mr. Johnson, also.

LM

BG is correct: Buying an unregistered security is not illegal.
Selling an unregistered security is illegal.
The reason there are securities laws is to protect naive, stupid, or uninformed investors from losing money due to overt and covert lying by those selling shares in their companies.

We all took a risk in investing in VMC/AMC, but Ken did lie. The whole idea of having a government agency set about regulations for investment is to protect people like us from people like Ken Slaughter.

What is happening is not a "bump in the road".

For over a year, there has been a pattern that has repeated. That pattern involves a lack of news, being told to wait for the upcoming big announcement.  Then the anouncement that comes is a grand disappointment.

We may never know if Ken, at the start was sincere and believed he could do what he said he wanted to do.
All we know is that despite his claims to have 30 years in business, he has not really ever been successful with any of his businesses, and that he has had a pattern of failures and bad decisions in regard to Active Mining/VMC.  He also has had complaint in regard to a cable/data company he ran previous to VMC.

Given Ken's track record with ActM/VMC, there is absolutely no reason evidence to show that this company has any possibility of being successful. In fact, the evidence suggests that whatever Ken's original motivations and intentions, it is now being run like a classic confidence scam.

Ken has indicated to me in PM, that he believes that the amount that will be paid in settlement to shareholders has already been agreed upon and established with finality.  That is a lie.

I contacted Jason Kander's office at 1-800-721-7996 and was told that it has not yet been determined what and how much and according to what formula will be paid to shareholders.

The impression that I have gotten from Ken and from his lawyer's press release (link below) is that Ken feels he should only pay the original investors, and then only the dollar amount of the value of the shares  at the time of the first IPO, plus 8% interest.  That would leave anyone who bought shares from any of the exchanges after out in the cold. My contention is that Jason Kander's office does not understand bitcoin, and we need to contact him and share our opinions and experience with him and his office and his investigators.

Further, I am sure Ken will set up some high bar to prove that you bought at first IPO.

My opinion is that ActM will not survive this little bump. Ken will try to hide any and all assets from ActM. Ken is not an honest man and anyone here who still has faith in him and trusts him is foolish. We each should contact Jason Kander's office and politely share what information we have. We should also suggest that we want payment in Bit, or at the value of bitcoin at the time of the cease and desist order and not the value of bitcoin at the time of the first IPO.

Kander's office has heard from Ken's lawyer but has not heard from many of us.

My further opinion is that all assets from ActM should be assessed and once a value place on them all, and a punitive fine added to that, and then that number should be divided by the total number of shares not owned by Ken or any member of the Slaughter clan.  And, the payment should be made based upon that calculation.

ActM should not be allowed to continue under Ken's control. Ken should be put into a situation where he is unable to start shady businesses ever again.

http://www.ozarksfirst.com/media/lib/184/0/b/d/0bdcdfe7-623f-4653-be2a-7ba629d8ee70/Slaughter_Press_Release_6_3_2014.pdf


Please call Kander's office  1-800-721-7996. Tell whomever answers that you are a sharehold in Active Mining and would like to speak to the financial investigator.


For those of you who believe that somehow, talking to the Secretary of State of Missouri has ruined your chance of being a millionaire, you are foolish. Ken by his own mismanagment, intentional or due to incompetence, brought this upon himself. If we do not educate Kander's office on the situation, Ken's lawyer will be the major source of info regarding Bitcoin and we will lose out.

arousedrhino,

You asked me where do I think the money will come from to pay us back.

The answer is that I do not care. I do not care if Ken's lawyer gives him a loan, or if Ken has to sell his house, or if the judge forces Ken to pay a part of his future salary to pay us. Where the money will come from is Ken's problem.  He has 19K bitcoin somewhere.  He has hardware and savings and property. Maybe the judge will put a lien on all his possessions and he will have to declare bankrupcty. Maybe  It is Ken's problem to find the money to pay back all the people he ripped off.  Maybe all of Ken's houses and his car, and his furniture will go into some sort of receivership and will be auctioned off and we will get the proceeds from that.  That is the problem of Ken and his lawyers.

Ken is NOT your friend. He is not my friend. Friends do not lie and steal from each other.

What I care about is that Ken gets punished for lying to us all for so long and what I care about is that I am compensated for the damages caused by Ken's lying.

Here is a link to a copy of the Missouri Secretary of State Cease and Desist order which was sent to Ken Slaughter.

http://freepdfhosting.com/0d53fc3f43.pdf

The amount of restitution, and the formula which will be used to determine the restitution has not yet been determined.

It is pointless to argue whether or not government or lawyer involvement is a good thing or a bad thing. It already happened.

We all should read the cease and easiest order.

Several important points should be clear. The first is, the method and formula for restitution and fines has not yet been determined. And the second is, that the Office of the Secretary of State of Missouri might be influenced by good arguments from the community of share holders on how to determine restitution.

I am of the opinion that restitution should be made in Bitcoin, not in US currency, and that it should be at the rate of .0025 Bitcoin per share, to be paid either in bit coin directly, or at the exchange rate of the time of the cease and desist order, which is about $540 per Bitcoin.  

Contact information for the Secretary of State of the Missouri is available and from what I understand, they are receptive to data which could help in determine restitution.

FROM A PM WITH KEN:

FROM A PM WITH KEN


Can any of you actually provide a single example of Ken being dishonest?

Ken,

Please share with us about Active Internet Communications.

"Additionally, Slaughter should have advised investors of relevant complaints against Slaughter and his previous company, Active Internet Communications."


How can you claim you haven't lied to us?


Have you no shame?

Jasun,

Do you have a case of Bitcoin Stockholm syndrome?
This company has always been a barge turning the corner. In fact, the current story has been the story since the very start. Although investor were risk takers, there is a big difference between taking a risk, and someone out and out lying and hiding information from investors that would allow them to make a somewhat educated decision regarding the risk.

Yes, you are all upset because you believe that this MSD thing ruined the chances of ActM to turn around. The MSD thing ruined the the miracle that was supposed to happen.  Actually, Ken continually lied to us, and the letter you wrote to the MSD secretary was really stupid.