Actually now that he is out of prison he has higher chances for being hired by serious company than before.
He is kind of famous known cryptocurrency celebrity - in kinda bad way, but still recognizable by general crypto crowd.
Maybe he will start his own company? Kevin Mitnick at some point spent 5 years in prison and now he is very successful computer consultant.
I agree, he can be the
poster child for the way you are not supposed to do it. I would write a book and stay in the shadows for a while and then start something small, just to put you on track again to start your life over. I doubt that he would enter any scam business again, with his criminal record.
Do we give second chances in this community?
Are you kidding? This community gives the same guy dozens of chances to lose/steal people's money. Even (or especially) if they're bad businessmen and not crooks they should be avoided.
Don't forget Erik Voorhees and his FeedZBirds ripoff. He was also involved in an IPO that lost thousands of bitcoiner funds because it was illegally operated and involved with the former illegal BitInstant who bypassed laws to help fund the Silk Road consignment store.
He is also the creator and CEO of the instant bitcoin and altcoin exchange ShapeShift.io, having founded and operated it under the alias
Beorn Gonthier, until revealing his true involvement with the company and ShapeShift just lost a bunch of money. He was hiding his identity because he knows his name is shit with a lot of bitcoiners. He was involved with Coinapult which lost $43,000 in bitcoins. Either bad luck follows this guy around like flies on shit or something else is going on.
Trendon Shavers ran an illegal security. Voorhees ran an illegal security. Just because Shavers wasn't crafty enough to return a bulk of the funds to investors right before he was caught doesn't make his crime different. It just means Voorhees was more crafty than Shavers and had a better legal team. That makes him even more dangerous.
The difference between Shavers and Voorhees is a matter of semantics. They were both selling unregistered securities. Shavers became a Ponzi when he failed to return at least a bulk of the money. Voorhees was bright enough to get legal advise. I think they should have gone after him for FeedZeBirds too. He's obviously got a great legal team. Where's the 2,600 Bitcoins for FeedZeBirds Erik?
Though the SEC investigation alleges that Erik Voorhees profited over $15,000 from his sale of unregistered offerings, the total settlement cost more than $50,000. In the conclusion to the SEC investigation, Erik Voorhees agreed to pay a full disgorgement of his profits of $15,843.98 plus a penalty of $35,000. Additionally, Voorhees has committed to not participating “in any issuance of any security in an unregistered transaction in exchange for any virtual currency including Bitcoin for a period of five years.” However, it is important to note that Voorhees has consented to the SEC ban and the SEC monetary penalty “without admitting or denying the SEC’s findings". FeedZeBirds is another Bitcoin security that Erik Voorhees offered on the Bitcoin Forum prior to his fundraising for Satoshi Dice. Like his Satoshi Dice IPO, FeedZeBirds was advertised on the Bitcoin Forum and raised 2,600 bitcoins in May of 2012. Unlike Shavers he was also crafty enough to run away to Panama (a non-extradition country for financial crimes) just before he was arrested and indicted. Nothing says guilty turd like running from the law.
He keeps making one business after another that loses people's money and the Bitcoin community laps up anything that squirts out of his ass like a dog in heat. Does the Bitcoin community give second chances? I'd say they do in a big way.
