Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence

[elux]

I was sent the following account in a PM some few days ago:

With reference to the medical technology:

BF labs of Wyoming was a biomedical company making freezer units and sterilisation units for the medical industry. They went bankrupt in early 2011.

A 2011 investigation searched USA trademarks office records and incorporation records in most states and only found the Wyoming listing which at first was only known to be called BF Labs inc.

Butterfly had no dealings with BF Labs inc of Wyoming at this time. In early 2012 they bought up the dead company 'incorporation' title for a small £50 fee.

Then they tried back tracked everything. They claimed that they have always been this company, and that Butterfly Labs has been around for a few years.

BF Labs Inc. of Wyoming 2011 was BIOTECH Frontiers Labs Inc until Sonny bought its title in 2012.

I think it's really swell and foresighted of a small company to be so assertive in purchasing much needed credibility. Go butterflies!

[MrTeal]

I was sent the following account in a PM some few days ago:

With reference to the medical technology:

BF labs of Wyoming was a biomedical company making freezer units and sterilisation units for the medical industry. They went bankrupt in early 2011.

A 2011 investigation searched USA trademarks office records and incorporation records in most states and only found the Wyoming listing which at first was only known to be called BF Labs inc.

Butterfly had no dealings with BF Labs inc of Wyoming at this time. In early 2012 they bought up the dead company 'incorporation' title for a small £50 fee.

Then they tried back tracked everything. They claimed that they have always been this company, and that Butterfly Labs has been around for a few years.

BF Labs Inc. of Wyoming 2011 was BIOTECH Frontiers Labs Inc until Sonny bought its title in 2012.

I think it's really swell and foresighted of a small company to be so assertive in purchasing much needed credibility. Go butterflies!

I'm not sure how that can be accurate since BFL posted that they were BF Labs in 2011. Do you have any proof of this?

[RHA]

Unless I'm mistaken (...) Phinnaeus Gage has no public records or anything to prove he's a real world human.
To copy and paste a bunch of false statements without verifying them is not a way the homo sapiens acts.
As u can see, it was proven it is bot. May we ask mods to ban bots from the forum?

[RHA]

Oh, and I'll be posting only positive things about Butterfly Labs from now on.

Hey elux, how it is with your own credibility then?

[Frizz23]

If the honourable Lloyd Blankfein can be the CEO of Goldman Sachs, then the honourable Chris Vleisides can be the CEO of BFL ;-)

[franky1]

With reference to the medical technology:


I'm not sure how that can be accurate since BFL posted that they were BF Labs in 2011. Do you have any proof of this?

That line of reasoning makes no sense. Chris Vleisides is listed as the President/Director of BF Labs, INC. That's a pretty huge coincidence for some random company to happen to have him as a director.

at the time of the november 2011-december 2011 investigations BF Labs Inc of wyoming was still listed as the biomedical company that went bankrupt. it wasn't until 2012 that sonny bought the title.

surprisingly INABA was involved in investigating BFL in late 2011 and it was him and others on the thread back then that found butterflys chambers loft address via the telephone number.

but now he is on the dark side. ridiculing the evidence and any hints that he even helped gather the evidence in the pastebin he now calls tinfoil hat stuff

it might actually be worth reading the stuff in that paste bin, instead of letting INABA call it a tin foil hat job and ignore it.. read it urself and form own opinions. the bitcointalk thread at the bottom has many bits where inaba is in the chat.

tinfoil hat.. made using the aluminum from inaba lol

[the_thing]

>yfw no ASIC

[misterbigg]

>yfw no ASIC

Shit like this only decreases the signal to noise ratio.

[the_thing]

>yfw no ASIC

Shit like this only decreases the signal to noise ratio.

Quoting that shit decreases the ratio even more. Three gifs in a row effectively derail any thread.

Besides, everything has been said. BFL is a scam and there will be no ASIC (at least not from them). Idiots got scammed, scammers got rich. Boom, bang, case closed. No need to beat a dead horse for another twenty pages.

[misterbigg]

>yfw no ASIC

Shit like this only decreases the signal to noise ratio.

Quoting that shit decreases the ratio even more. Three gifs in a row effectively derail any thread.

Totally agree.

Besides, everything has been said. BFL is a scam and there will be no ASIC (at least not from them). Idiots got scammed, scammers got rich. Boom, bang, case closed. No need to beat a dead horse for another twenty pages.

Is that interview with Sonny a scam too? It sounded quite reasonable.

[the_thing]

>yfw no ASIC

Shit like this only decreases the signal to noise ratio.

Quoting that shit decreases the ratio even more. Three gifs in a row effectively derail any thread.

Totally agree.

Besides, everything has been said. BFL is a scam and there will be no ASIC (at least not from them). Idiots got scammed, scammers got rich. Boom, bang, case closed. No need to beat a dead horse for another twenty pages.

Is that interview with Sonny a scam too? It sounded quite reasonable.

Let me put it this way :

We know one thing for sure - Sonny Vlasides was convicted for a $25 million scam. $25M is not only a huge shitload of money, it's much more than what pirateat40 took. From my point of view, Sonny is much worse than Pirate. Now imagine finding out that BFL is ran by Pirate. Or even better, replace Sonny's name in this thread by 'Pirate'. How much trust would you put in BFL if it was ran by Pirate? And how much trust would you put in claims made by Pirate in an interview about his business?

Simply put, any statements made by a convicted scammer are completely irrelevant to every thinking human.

[Inaba]

ridiculing the evidence and any hints that he even helped gather the evidence in the pastebin he now calls tinfoil hat stuff

it might actually be worth reading the stuff in that paste bin, instead of letting INABA call it a tin foil hat job and ignore it.. read it urself and form own opinions. the bitcointalk thread at the bottom has many bits where inaba is in the chat.

Son, I only ridicule the fabricated evidence, which most of it is.  Beyond that, I've never denied or tried to hide the fact that I gathered much of the actual factual information out there myself.  We laugh about it in the office occasionally, actually, because it was so stalkerish and it freaked a few people out at BFL at the time.

But by all means, I invite everyone to read that pastebin, if only because it's so laughable and full of easily verified holes and, in a word, lies.  Nobody who's been following the whole BFL saga for any length of time would believe half the junk you put in that pastebin. It reads like you literally just made stuff up out of thin air and put it on paste bin.
 

[Phinnaeus Gage]

Unless I'm mistaken (...) Phinnaeus Gage has no public records or anything to prove he's a real world human.
To copy and paste a bunch of false statements without verifying them is not a way the homo sapiens acts.
As u can see, it was proven it is bot. May we ask mods to ban bots from the forum?

To paraphrase Ron White badly, "You caught the Roboto!" My father was Domo Arigato.

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: BUTTERFLYLABS.COM
Created on: 16-Aug-09
Expires on: 16-Aug-13
Last Updated on: 17-Aug-12

Domain Name: SPARTANFOUNDATIONREPAIR.COM
   Registrar: GODADDY.COM, LLC
   Whois Server: whois.godaddy.com
   Referral URL: http://registrar.godaddy.com
   Name Server: NS.PHX4.NEARLYFREESPEECH.NET
   Name Server: NS.PHX7.NEARLYFREESPEECH.NET
   Status: clientDeleteProhibited
   Status: clientRenewProhibited
   Status: clientTransferProhibited
   Status: clientUpdateProhibited
   Updated Date: 16-aug-2011
   Creation Date: 14-sep-2009
   Expiration Date: 14-sep-2020

~~~~~~~~~

Administrative Contact:
      Vleisides, Andrew  spartan@kc.rr.com
      Spartan Installation and Repair
      PO Box 26052
      Overland Park, Kansas 66213
      United States
      (816) 309-5556

Andrew is Sonny's cousin and was registered with Mt Gox prior to the email dump. He, too, uses the 2507 Jefferson address for a myriad of businesses.

It seems to me that a lot of business concerns sprung up once Sonny got back to Kansas City, MO.

~Bruno~

[Syke]

But by all means, I invite everyone to read that pastebin, if only because it's so laughable and full of easily verified holes and, in a word, lies.

Why isn't BFL registered in the state of Missouri where you are doing business?

[JMAHH]

But by all means, I invite everyone to read that pastebin, if only because it's so laughable and full of easily verified holes and, in a word, lies.

Why isn't BFL registered in the state of Missouri where you are doing business?

This is possibly due to favorable conditions for setting up/running a business.

[Rassah]

So, the summary I have so far:
Sonny Vleisides, the guy who was involved in the $25mil scam, is a high level executive, but without majority holding, and thus no control of the company.
Chris Vleisides, his stepfather, is the president of the company.
Andrew Vleisides, Sonny's cousin, registered the domain, and I guess likely runs the website.
Nasser Ghoseiri is the CEO of the company.
The company bought a defunct corporate name, and is incorporated in a different state (which are both understandable, since to register a new corp costs ~$150 instead of $50, and likely Missouri has shit corporate laws).
Most of the money sent to the company is converted to USD right away, and resides in a business checking account.
The corporation is using standard financial controls, including multiple signatures required on checks.

Did I get anything wrong?

[Desolator]

Just for the record, I don't care if it's an ASIC or a pair of Asics (the shoes ) or ants or gerbils on wheels or quantum dots as long as it goes 3500MH/s lol.

Btw to the next person making a bitcoin-centric business from the ground up, don't do sketchy fake location tax shit, protected website registrations, mobile phone fax numbers, etc.  It makes you look bad, lol.  I might start selling hardware for BTC soon out of my small repair store and I'm shooting videos, damn it!

[tvbcof]

So, the summary I have so far:
...
The company bought a defunct corporate name, and is incorporated in a different state (which are both understandable, since to register a new corp costs ~$150 instead of $50, and likely Missouri has shit corporate laws).
...
Did I get anything wrong?

So, a company doing custom hardware on first-run ASIC is saving a hundred bucks by taking over the name of a different company?  Hmmm...

I mean I'm famous (in my circles) for being tight with money when it comes to infrastructure, but I cannot imagine stooping this low for that kind of savings.  Do yourself a favor and come up with a more plausible hypothesis for this one.

[Phinnaeus Gage]

Just for the record, I don't care if it's an ASIC or a pair of Asics (the shoes ) or ants or gerbils on wheels or quantum dots as long as it goes 3500MH/s lol.

Btw to the next person making a bitcoin-centric business from the ground up, don't do sketchy fake location tax shit, protected website registrations, mobile phone fax numbers, etc.  It makes you look bad, lol.  I might start selling hardware for BTC soon out of my small repair store and I'm shooting videos, damn it!

Btw to the next person wanting to attract bitcoiners to their site, don't make this mistake: https://bitcointalk.org/index.php?topic=105352.msg1218405#msg1218405

Josh stated that his data center is located very close to downtown. So is Joe's Datacenter. There aren't many data centers in Kansas City, therefore I'm wondering if they know each other. Kansas City is a lot smaller than Nashville, and in the 80's/90's I knew every drywall company there and they all knew me, even the ones I never worked subbed from prior to later owning my own company.

~Bruno~

[99Percent]

Even if someone manages to have >51% hashing power, it doesn't necessarily mean they will use it to break the network. In BFL case, doing so is shooting themselves in tho foot. So I am not overly concerned about this,