PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair

[tvbcof]

http://www.coindesk.com/1-million-bitcoin-currency-commodity/

cypherdoc dragging it out through the courts ...

In HashFast Technologies LLC v Lowe, the Bankruptcy Court is being asked to determine whether the recipient of a transfer of bitcoins has to return (a) the actual bitcoins transferred or their current value (treat them as property), or (b) the value of the bitcoins on the day they were transferred (treat them as currency).

In HashFast, the debtor, Hashfast Technologies LLC, transferred to Lowe 3,000 BTC, which were worth $363,861.43 at the time. Today, they are worth approximately $1.3m. The Trustee for the debtor sued to “clawback” the transfer into the bankruptcy estate (either as an avoidable preference or fraudulent transfer), based on claims that the transfer was fraudulent or unauthorized.

Using 11 U.S.C. §550(a), the bankruptcy trustee seek to may recover the transfers for the benefit of the creditors of the bankruptcy estate.

The Trustee and Lowe, the recipient of the transfer, are arguing over the classification of the bitcoin because, if the bitcoins are a commodity, then the Trustee is entitled to the return of 3,000 BTC or the current value of $1.3m; if the bitcoins are US currency then the Trustee is only entitled to the return of $363,861.43.

... so it seems the transfer may well have been fraudulent in which case cypherdoc would be a scammer thief of epic proportions.

FIFY

It's already clear that as a scammer, he earned the 'epic proportions' trophy a while ago.

[marcus_of_augustus]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

[tvbcof]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

Haaaa ha ha ha.  Seems that as I anticipated, the judge in the earlier case would say to Dr. Lowelife, "No, keep the 3k BTC for now, but don't forget where you put them and don't stray to far away."

[cypherdoc]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

that's not what it means at all.

it means that the trustees just have the chance to possibly win back the full 3000 btc, however unlikely.

[marcus_of_augustus]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

that's not what it means at all.

it means that the trustees just have the chance to possibly win back the full 3000 btc, however unlikely.

did you ever consider just handing it back to the people who never got any hardware delivered for their pre-order bitcoin deposits? Like the people that it most probably rightfully belongs to? How does your ethical thinking work here?

[cypherdoc]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

that's not what it means at all.

it means that the trustees just have the chance to possibly win back the full 3000 btc, however unlikely.

did you ever consider just handing it back to the people who never got any hardware delivered for their pre-order bitcoin deposits? Like the people that it most probably rightfully belongs to? How does your ethical thinking work here?

doesn't work that way. once plaintiffs got lawyers involved that need to be paid that became impossible.

[illodin]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

that's not what it means at all.

it means that the trustees just have the chance to possibly win back the full 3000 btc, however unlikely.

did you ever consider just handing it back to the people who never got any hardware delivered for their pre-order bitcoin deposits? Like the people that it most probably rightfully belongs to? How does your ethical thinking work here?

doesn't work that way. once plaintiffs got lawyers involved that need to be paid that became impossible.

And why do you think they got lawyers involved?

[hdbuck]

http://www.blockcy.com/digital-currencies-commodities-judge

appears that this ruling means cypherdoc has to hand back the full 3000 btc, as a commodity, to the receivers of HashFast, maybe there will be some justice for those who paid BTC for pre-orders and never received any mining equipment.

that's not what it means at all.

it means that the trustees just have the chance to possibly win back the full 3000 btc, however unlikely.

did you ever consider just handing it back to the people who never got any hardware delivered for their pre-order bitcoin deposits? Like the people that it most probably rightfully belongs to? How does your ethical thinking work here?

doesn't work that way. once plaintiffs got lawyers involved that need to be paid that became impossible.

And why do you think they got lawyers involved?

meh, whatever excuse that scammer can come up with.

[Gyrsur]

great! we will get our bitcoins paid to HF back from Mark Lowe (cypherdoc)!

https://www.cryptocoinsnews.com/tag/marc-lowe/

[tvbcof]

great! we will get our bitcoins paid to HF back from Mark Lowe (cypherdoc)!

https://www.cryptocoinsnews.com/tag/marc-lowe/

LULZ.  Cough 'em up, bitch!

Or you could try 'losing' them.  I wouldn't recommend it.  Wouldn't life have been easier if you had just sat on your early stash and not gone about trying to rip people off?

[Gyrsur]

great! we will get our bitcoins paid to HF back from Mark Lowe (cypherdoc)!

https://www.cryptocoinsnews.com/tag/marc-lowe/

LULZ.  Cough 'em up, bitch!

Or you could try 'losing' them.  I wouldn't recommend it.  Wouldn't life have been easier if you had just sat on your early stash and not gone about trying to rip people off?

[tvbcof]

great! we will get our bitcoins paid to HF back from Mark Lowe (cypherdoc)!

https://www.cryptocoinsnews.com/tag/marc-lowe/

LULZ.  Cough 'em up, bitch!

Or you could try 'losing' them.  I wouldn't recommend it.  Wouldn't life have been easier if you had just sat on your early stash and not gone about trying to rip people off?

LOL.  Come correct, homes.

[iCEBREAKER]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

[BlindMayorBitcorn]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

Wait. What? It's over?

[iCEBREAKER]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

Wait. What? It's over?

LEBRON WINS!!!

[Hashfast Shill]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

Wait. What? It's over?

yep. looks finis, like dead & over with.  #REKT, just like this thread.

[marcus_of_augustus]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

Wait. What? It's over?

yep. looks finis, like dead & over with.  #REKT, just like this thread.

What happened? Settled out of court?

[iCEBREAKER]

https://www.pacermonitor.com/public/case/7033049/HashFast_Technologies_LLC_et_al_v_Lowe

Case Filed:   Feb 17, 2015
Terminated:   Jun 17, 2016

 

Wait. What? It's over?

yep. looks finis, like dead & over with.  #REKT, just like this thread.

What happened? Settled out of court?

PM me a Pacer login and I'll find out.

[BlindMayorBitcorn]

https://www.reddit.com/r/btc/comments/4pzkqq/gregory_maxwell_is_staff_at_bitcointalk/d4peupe

You read it; TERMINATED

[marcus_of_augustus]

https://www.reddit.com/r/btc/comments/4pzkqq/gregory_maxwell_is_staff_at_bitcointalk/d4peupe

You read it; TERMINATED

If he's unwilling to elaborate on the details of the outcome there's a good chance they look bad for him ... or he would be crowing from the rooftops. Just going on past behavior experience and base human nature.