I asked you the same question on your Ponzi HYIP thread, gambian.

Could you give an example or two of the automatic trades that you have done to generate revenue please?

There wasn't really that much information there.
I had to go to the FAQ's to find out how you propose to fund these attractive ROI's, unless of course this is a Ponzi and the payments are made from new deposits, as opposed to genuine revenue streams.
In the FAQ's, you say revenue comes from "a variety of revenue sources such as crypto trading and cloud mining as well as other minor projects".
Could you give a bit more detail about what sort of "crypto trading" you are doing that can guarantee these returns, and what sort of cloud mining set up you have?
TIA. 

 

Great thread, fedor.

The "audit" is happening in about a month, apparently, being done by a "London High Street" accountancy firm.
The mysterious Mr. Brandenburg won't share their name with investors however, because "We have to avoid that 100 people are calling them and asking if they are doing the audit, how will they do it etc"

According to their new PR man on FB,
"The fact that the audit is being done at all almost cost BT some very big clients (due to a whole day that wont bring in any profits)."
and
"Again I want to ask everyone to please be patient until end August? This is almost over and then you can all go back to those prospective clients and make a fortune from new business."

You couldn't make it up. Or, rather, you could.

 
 

Arbitrage is supposed to be pretty much risk free, that's the whole point of it.
Being exposed to a trading loss means that one leg of the arbitrage is being opened or closed at a different time to the other, so effectively they would be "pair" day trading, speculating that the difference between two markets would increase/decrease in their favour over the course of a trading period.
That's not arbitrage, that's conservative day trading, which is presumably why they refer to a 3% stop loss.

On their FB site they say they have $2,000,000 available for trading, so I guess that means they have to give a return on that $2m whether or not they use it all. They also have to pay their overhead.
0.5% per day on $2m is $10,000, plus somewhere I think I have read they take 20% for overhead, so that means to return 0.5% they need to gross $12,000, to return 1% per day gross trading profit $24,000 etc.
Say they can make a $2 per BTc inter exchange arbitrage nett profit after spread and finance costs, that would require a daily trading volume of 12,000 Bitcoins, turning over their $2m about four times, in order to return 1%.

That's a great bit of due diligence there, Jerome.  
Q (to anonymous person on internet) "Are you a thief?"
A "No."
"Great, here's $20!"

"I'm completely stunned about how many people sent their bitcoins to crappy sites like this and then complain here about being scammed. Do your damn research before sending your bitcoins or don't complain about being scammed."

Let's hope those words you posted on another thread don't come back to haunt you Jerome.
 

If you have plenty of bitcoin, why were you trying (unsuccessfully) to borrow 0.2 btc less than a month ago?

https://bitcointalk.org/index.php?topic=669427.msg7570501#msg7570501

It's quite amazing to me the number of these people who seem to be attracted to Bitcoin, hustling their $20 deals, lying, selling their net souls for dust and generally behaving with the moral values of crack dealers, then shouting "Who me?" when they get found out...

Should anyone with their money stuck in this Cryptory nonsense want to try and get some leverage, I would suggest phoning the Brendan Delaney number that I linked to previously. He and his wife Deborah were instrumental in setting up Dubln Cryptorium Ltd. and remain directors, as well as being listed on the Cryptory website as co-founders and executive officers.

My hunch is that he doesn't look anything like the photo on the website (probably hasn't even seen it), knows nothing about Bitcoin and will simply say that he is a professional company secretary who sets up businesses for a living and has nothing to do with their operation.

That may well be true, but the fact that Cryptory will probably turn out to be a criminal enterprise under Irish law is part of the responsibility that he assumes when doing the type of business he does.

He would very definitely not like the negative publicity of being publicly associated with fraudsters, as I am sure his self image is as a successful, respectable professional, which he would not want compromised by the Garda knocking on his suburban front door..
 

I have been watching this with interest and have tried to research Cryptory's background with the help of publicly available information.
It may come in useful before/if/when things unravel further.
As I previously said, I have no financial interest in this. What pains me is the way Ponzi schemes have been sanitized as HYIP's, somehow respectable and "all right" (if you get out in time). In the wider context of Bitcoin, this dog eat dog morality just apes the corrupt self serving trough that conventional fiat finance represents. Was that the point?

CRYPTORY so far
It starts with Dublin Cryptorium Ltd. set up  21st Jan 2013, listing Deborah and Brendan Delaney* as Directors. Registered address 3rd Floor, Digital Court, Rainsford Street, Dublin 8.
Its principal activity is categorised as "other entertainment activites", which could be apt depending on your point of view.

Cryptory.com was created on 10th Feb 2013. Registrant Deborah Delaney at the above address.

Cryptory Investment Partners Ltd. was set up on 5th Feb 2014, listing David Tormey and Peter Doyle as directors. Registered address Clonshaugh Business & Technology Park, Cryptory Data Center, Clonshaugh, Dublin 17. This is the address for Cryptory.com Admin.

The Cryptory website tells us on 9th May 2014 "Our company name is changed to Cryptory Investment Partners Limited. Renaming Dublin Cryptorium Limited to Cryptory Investment Partners Limited is part of blahblahblah.."  This did not happen, the two companies still exist separately.
The operation of the business moved to Clonshaugh.

'Cryptory' is claimed to be a registered trademark but is not in the Irish trademark database (despite the Delaney's registering trademarks for clients previously as part of their company services business).

So, two companies, one trading name, two sets of directors. Tormey and Doyle are serial company directors, Doyle runs a company specialising in company formation ($200) and admin for off the shelf Irish companies. There is nothing illegal in this, on the contrary, a lucrative business in Ireland's Wild West world of finance (read about the "Celtic Tiger" boom for a laugh).

*Deborah and Brendan Delaney continue to be linked to Cryptory as CEO and CMO and co-founders.
They are also serial company directors, 4,862 between them and are listed as living in Lucan co. Dublin.
Delaney is a common Irish surname, but there's only one Deborah and Brendan in Lucan. They live and register other businesses at
'Avonlea Demesne',
Lucan.

Demesne is an old feudal land term, but there an "Avonlea" on Leixlip Road, Lucan a pleasant looking detached house with pool and tennis courts.
Brendan Delaney's telephone number is listed, at the golden pages link below. Eire code 00353.


Deborah


Brendan

These are the leading lights in Cryptory, according to their Management team section.
Three things
1) They don't look between 60-64 years old, which is the age of the directors according to company records.
2) I wonder if Deborah and Brendan know that they are Deborah and Brendan, if you see what I mean.
3) No-one else in the 'management team' has any profile whatsoever on Google or other searches.

Re info regarding their "Admin and Data Center", which contains 11-50 or 30 employees depending on source, including teams of analysts, mathematicians, magicians in space suits etc., we have one photograph of an anonymous building and an address
Clonshaugh Business & Technology Park,
Cryptory Data Center,
Clonshaugh, Dublin 17.

The Business Park exists but lists no Cryptory Data Center. It does, however, contain a huge Eircom Data Center which offers all sorts of servers and other stuff I have no idea about, as well as office space. And a business address like so, maybe?
Cryptory,
Data Center,
Clonshaugh Business & Technology Park.

HTH.

Links:
http://www.solocheck.ie/Irish-Company/Dublin-Cryptorium-Limited-522711#report-2
http://www.whois.com/whois/cryptory.com
http://www.solocheck.ie/Irish-Company/Cryptory-Investment-Partners-Limited-539045
http://www.doylecompanylaw.com/about-us
http://www.solocheck.ie/Irish-Director/Delaney/Deborah/3289421982/
http://www.solocheck.ie/Irish-Director/Delaney/Brendan/2734047681/
https://www.google.co.uk/maps/place/Avonlea/@53.3586187,-6.4697167,49m/data=!3m1!1e3!4m2!3m1!1s0x486772386289850d:0xc09b834d2e8db2d5
http://www.goldenpages.ie/delaney-lucan-D16/1/
http://www.datacentermap.com/ireland/dublin/eircom-clonshaugh.html

Not really, it's just a picture of a building which Cryptory claim contains a mining operation light years ahead of any other, using fantastic advances in computing, in order to draw gullible people into sending them money.
The current CEO and CMO of Cryptory are a couple called Delaney, with no apparent technical background. They register companies for a living. Ireland is well known for shell companies due to lax regulation, low tax rates and corruption.

yonce hit the nail on the head early in this thread, the bullshit about mining is entertainment like the film "The Sting", where the conmen take pleasure in designing believable scenarios to rip off the man in the street.
HYIPs are Ponzis, period. They exist by abusing trust and exploiting naivety and greed. If that's a system that you're cool with being part of, by all means carry on, play your kiddie's version of Wall St.
By condoning the existence of this sort of trust abuse and dressing it up as some sort of libertarian progress, Bitcoin's acceptance by the wider community will be made more difficult, seen as just another way to rip people off.
But hey, just so long as you're getting your 10% a month, or your referral bounty, or your $1 a post, who gives a fuck, amirite?   
 

 

No, not really, there are two companies involved here.
The original company is Dublin Cryptorium Ltd. which is registered at the Rainsford street address, and there is also Cryptory Investment Partners Limited, which manages the Cryptory.com business from the Clonshaugh Business Park.
This is presumably where their hardware and main admin are, as in this pic of the "Office and Data Center" from their site



Which looks very impressive. I haven't been able to reconcile this with an arial picture of the Business Park however.
It does also seem a little strange that this is the only exterior shot of their 'data center' and that there is no identifying "Cryptory" sign anywhere.
Maybe they like to keep a low profile, with all those expensive miners humming away.





 

Long term lurker, first time poster, so please treat me with whatever suspicion you deem necessary.
I have no horse in this race, just a life long dislike for conmen and the parasites that shill for them. I also have experience in the non Bitcoin financial world.
Regarding their address, they use this one

Clonshaugh Business & Technology Park,
Cryptory Data Center,
Clonshaugh,
Dublin 17

It is one of those 'instant' business parks near a feeder road for a large town/city which have sprung up everywhere recently, short lease plastic barns/offices, one minute they're there next minute they're gone sort of places..
Google Street View is n/a.
Good luck with warning people off, unfortunately greed makes them deaf.

And while I'm here, massive kudos to Dooglus for Just-Dice and being one of the few people here with integrity.