I doubt anyone but the CEO will face criminal charges. He's probably the only one who intended to defraud from the beginning. Maybe "Joe Mordica" since they were in it together before the hashlets started, but they'd have to establish his knowledge of the plan.

An even bigger point is whether he ever intended to live up to them.

Which state? DE? VT? MS?

That @Gava guy is no longer banned.

That forum is such a cluster.

People who lost money in this should be pissed.

Sometimes things don't go as planned. Sometimes there's miscommunication between the developers and management, especially if they use overseas contractors. Sometimes issue arise, and you don't have what you thought you did.

I really thought that was what happened here until you supersluthes found the post(s) where he outlines his business plan. It was always supposed to be like this.

I was lucky enough to get my money back when XPY was inflated. People with losses should absolutely sue.

I'm pretty sure that post explaining how he's planning to sell vaporware and only use a portion of revenue to develop the non-existent product people are buying is enough to show intent, at least to the degree that would get him past a grand jury. Then you get the ability to subpoena, which should show a lot more about what they had vs what he claimed they had to sell at any given time.

That post shows intent. That's huge. Fraud requires an intent to defraud. Before now, there had been no evidence of anything criminal because there was no intent. It could just be incompetence. Now we know it was planned from the start, from the sale of the first hashlet.

Supporters can try to couch it in the excuse that he's describing a different operation, but, considering that what he describes is EXACTLY what GAW did, I doubt many would fall for that outside the clique of true believers.

Who has jurisdiction? I'm thinking wire fraud comes into play, so it could be a federal case.

That's not really evidence of anything, so I don't think a disclaimer is necessary.

The point I can't forget is that a Joe Mordica died about two months before GAW's Joe Mordica started his github account. They're both from the same city and went to the same college. Only one Joe Mordica on the entire planet uses Facebook.

I guess it's possible that there were two Joe Mordica's in the same city who went to the same college. Especially with a name so common that there exists only one Facebook page for someone with that name. lol

Joe Mordica's dead, y'all. Who knows who the CTO is?

Nice one.

This is one of the better points in this thread. They multiplied instead of using an exponent.

If I lost a lot of money on this, I'd definitely consult with an attorney. I have no idea if they've broken any laws or have any civil liability, but it's definitely worth investigating.

Not to mention it's total bullshit. Paycoin isn't a futures contract. It isn't a derivative. It isn't a security. It's a virtual good, so the CFTC has no ability to regulate it. CFTC is the Commodity FUTURES Trading Commission. It's like those lying assholes think people can't even read.

Sorry for the language, but a lie this brazen gets me a bit pissed off.

When is that volder guy not in a good mood? Every post reeks of patience and goodwill. He spent like 8 pages interacting with a pure troll in the most friendly manner imaginable.

Eh, it's the internet. Anonymous people are going to make anonymous threats that don't mean anything in real life. They obstruct discourse a little, but with strategic use of Ignore, they really aren't an issue.

I strongly disagree with that. I drink a cocktail or two after work by myself. Three or four on Mondays. It's over the course of the evening, so I'm not getting plastered by myself, but drinks can be enjoyed alone. To me, that's like saying you can't enjoy a latte by yourself. Or a cherry limeade.

Here's a clue: Do a facebook search on Joe Mordica. There's only one. So is the theory that there were two Joe Mordicas in the same small city, but now only one exists in the universe with a facebook page?

It could be that Joe Mordica is traveling around the world eliminating other Joe Mordicas. A more reasonable explanation is that he stole a dead man's identity.

How do you mean? I did a quick google search, and I don't see any overlap (like JM#2 existing while JM#1 was alive). The closest thing to that is the facebook page. I'm just assuming as part of this that new JM got access to dead JM's accounts and kept them going after he passed. If you look, there's an activity gap.

As far as I can tell, the current "Joe Mordica" was created in early Dec 2012, a little under two months after real Joe Mordica passed. He lists his start date at GAW as Aug 2013, though, so fake Joe Mordica was around for a while before he joined the GAW family.

The death notice is for real. There's lots of little stuff all around the web like http://www.stthomas-usm.org/deathnotices/october-7-2012/ . He was a student at USM. The "Joe Mordica" CTO's linkedin is a graduate of USM.

I don't think this is getting quite enough attention. The real Joe Mordica is dead, y'all.

Or completely empty.

They've gotten away with it. No need to panic. Just take down the videos that show their real faces. Who knows who these people really are?