[2014-07-31] CD: Bitcoin-to-Gold Service Faces Class Action Over Alleged Fraud

[LiteCoinGuy]

Bitcoin-to-Gold Service Faces Class Action Over Alleged Fraud

Bitcoin-to-gold website Coinabul LLC is facing a serious federal class action alleging that it defrauded some of its clients.

http://www.coindesk.com/bitcoin-gold-service-faces-class-action-alleged-fraud/


guess thats the end of this service. 

[Lethn]

Good, scammers need to be held accountable.

[howardb]

Bitcoin-to-Gold Service Faces Class Action Over Alleged Fraud

Bitcoin-to-gold website Coinabul LLC is facing a serious federal class action alleging that it defrauded some of its clients.

http://www.coindesk.com/bitcoin-gold-service-faces-class-action-alleged-fraud/


guess thats the end of this service.  

The service had already ended earlier in the year, the banks put them out of business by refusing to let them have an account any more for dealing in bitcoin! I kind of sympathise with them to some extent, but they should of returned the BTC on unfulfilled orders.
Also have to wonder how Mr Hussain came into possession of 3000 BTC and why he was exchanging it to gold! smells of money laundering to me.