[CLOSED] GLBSE drama

[MPOE-PR]

On September 24th theymos falsely announced that he was selling a package of 23% of Bitcoin Global stock. At the time the company was solvent and operational. Asking price was ~5k BTC for the entire block, with the caveat new shareholders would have to be approved by current shareholders. Also on September the 24th theymos declared in support of this sale that the SEC is not investigating GLBSE and further that he personally thinks the SEC emails are fake (they are not, have been in fact verified by multiple trusted members of the community, including by calling the signatory at his phone number as published on the SEC website).

On September 25th Nefario, at that time CEO of Bitcoin Global delisted without warning and without explanation about 1/3 of the GLBSE listed stocks, by historical volume. When questioned, theymos declared that he had no previous knowledge of this action carried out by the CEO of a company he was representing himself as 1/4 owner.

On October 5th theymos himself admitted to having lied in his previous representations, in that the block of shares he was selling were not entirely his, but he was acting as representative/broker for a number of other parties, among which was bitcoin.me and others. Also on this occasion he disclosed his previously undisclosed position as board member of the company. Also on this occasion he disclosed that apparently the actions of the CEO did have the Bitcoin Global board's majority support.

Barely a week after his original offer, the company he was purporting to sell shares into is in default (as in, not repaying customer BTC held) and may or may not be reogranizing (no actual plan was announced, operations suspended for days).

This paints an ugly enough picture as it is. In any event theymos no longer holds the claim to personal integrity required for being the administrator of this forum, or a principal in any other respectable bitcoin venture. A scammer tag may be warranted even if nobody took his bait and so luckily no bitcoin was actually lost: the offer was made in bad faith in any event.

[DeathAndTaxes]

Nope.

But you did finally convince me to put your scamming ass on ignore.

[ElectricMucus]

In each situation where you can't live with the actions of the forum admin it is best to leave.

I suggest you do that.

[phantastisch]

In each situation where you can't live with the actions of the forum admin it is best to leave.

I suggest you do that.

Yay, finally MPEX will be gone !

[MPOE-PR]

Nice going folks. Let's stick to the facts, if possible.

[ElectricMucus]

Nice going folks. Let's stick to the facts, if possible.

Fact: theymos will not give himself a scammer tag.
Again: GTFO

[MPOE-PR]

Nice going folks. Let's stick to the facts, if possible.

Fact: theymos will not give himself a scammer tag.
Again: GTFO

A fact can never be something in the future tense, ninny.

[ElectricMucus]

Yeah whatever.

You are certainly one entertaining fella. What was that again of you being an eastern european pornstar?
Where can I find your work? 

[fcmatt]

Nice going folks. Let's stick to the facts, if possible.

Fact: theymos will not give himself a scammer tag.
Again: GTFO

The question is should all owners of a suddenly shut down biz with no announced good reason where customers had their funds withheld from them get a scammer tag?
I say yes. Only if people are made whole should it not be applied.

Saying nefario holds all responsibility is using him as a scapegoat. Trying to dump shares for btc right before the collapse is highly suspicious as the seller was an insider.

One has to apply this scammer tag equally or it has lost its meaning as it is only used for people not in the right clique.

[MPOE-PR]

The question is should all owners of a suddenly shut down biz with no announced good reason where customers had their funds withheld from them get a scammer tag?
I say yes. Only if people are made whole should it not be applied.

Saying nefario holds all responsibility is using him as a scapegoat. Trying to dump shares for btc right before the collapse is highly suspicious as the seller was an insider.

One has to apply this scammer tag equally or it has lost its meaning as it is only used for people not in the right clique.

Especially considering that contrary to all theymos' representations, the shareholders did not actually vote to oust Nefario.

[Atlas]

This is when it becomes extremely silly.

*eats popcorn*

[enmaku]

In my book, no one with an orange ignore button gets to suggest a scammer tag for someone else - the community has spoken about how seriously the OP should be taken.

I don't have enough info about the GLBSE shutdown to weigh in on the matter itself, and I would suggest that in truth no one does yet. Let things play themselves out and when all the facts are in the community is free to make their own judgement, but not yet and not led by these douchebags.

[Blazr]

The reason theymos & the other shareholders were selling their share was because Nefario was about to make the GLBSE compliant with the SEC, and those shareholders were not in favour of this move.

Obviously things went wrong when Nefario started the process to get the GLBSE regulated, which is why its now offline etc etc.

I don't see how this warrants a scammer tag.

[ElectricMucus]

Nice going folks. Let's stick to the facts, if possible.

Fact: theymos will not give himself a scammer tag.
Again: GTFO

The question is should all owners of a suddenly shut down biz with no announced good reason where customers had their funds withheld from them get a scammer tag?
I say yes. Only if people are made whole should it not be applied.

Saying nefario holds all responsibility is using him as a scapegoat. Trying to dump shares for btc right before the collapse is highly suspicious as the seller was an insider.

One has to apply this scammer tag equally or it has lost its meaning as it is only used for people not in the right clique.

Well as the operator he can't be a scrapegoat for his own actions, and changing the nature of the agreement afterwards (requirement of an ID) is reason enough.

About the rest: Good luck with that, as long as you can't prove it you loose.
For example the bitcoinica fellas aren't labeled as scammers to date.

This is when it becomes extremely silly.

*eats popcorn*

Bought a carton of microwave one today, I think I'm addicted to the stuff  

[MPOE-PR]

The reason theymos & the other shareholders were selling their share was because Nefario was about to make the GLBSE compliant with the SEC, and those shareholders were not in favour of this move.

Obviously things went wrong when Nefario started the process to get the GLBSE regulated, which is why its now offline etc etc.

I don't see how this warrants a scammer tag.

They conveniently omitted to say "hey, I'm selling these shares into this company which I firmly believe is going to shit."

[MPOE-PR]

In my book, no one with an orange ignore button gets to suggest a scammer tag for someone else - the community has spoken about how seriously the OP should be taken.

This is not a matter of trying to build a clique. Get your head out of that ass. Things are what they are, this isn't a popularity contest.

[Blazr]

They conveniently omitted to say "hey, I'm selling these shares into this company which I firmly believe is going to shit."

No, but they did outline the reason for selling, that the GLBSE was about to start the process of getting properly regulated, and they didn't want to be a part of this process.

If you have a brain you would know that getting regulated is an extremely risky, costly & long process.

[EskimoBob]

I can not fkn believe what I am doing... huh.. this is hard... but I have to agree with mircea popescu (or his really awful PR person).

This is truly ugly, when forum moderator/owner looks for a way to dump his worthless shares of GLBSE on someone who trusts him (probably only because he runs the forum?). Sure, find a poor sap who has probably seen Nefarios masterful perfomance in London event. (youtube) 

If the forum owner is a starts to pull scams, no wonder this shit keeps happening in BTC community over and over again.
 
Theymos, do you have balls to say you are sorry and actually start helping this community to fight the scammers?

[Bogart]

On September 24th theymos falsely announced that he was selling a package of 23% of Bitcoin Global stock.

How is this false?  Was he not really offering the shares for sale?

On October 5th theymos himself admitted to having lied in his previous representations, in that the block of shares he was selling were not entirely his, but he was acting as representative/broker for a number of other parties, among which was bitcoin.me and others. Also on this occasion he disclosed his previously undisclosed position as board member of the company.

He never said the shares were his, he just said he was selling them.  He also disclosed his position as Treasurer right in the OP.   Here it is (in part):

I am selling 17500 shares of BitcoinGlobal, the owner of GLBSE. There are currently 77500 total GLBSE shares, so this represents a 23% share in GLBSE.

My reason for selling:

Some big legitimate Bitcoin businesses have expressed interest in listing on GLBSE, but they can't do so because GLBSE might be illegal. Nefario would like to change this by making GLBSE a legal company and following all relevant regulations. This could potentially increase profits, but I don't like the idea of abandoning small and "dubious" businesses, I don't like lawyers and regulations getting in the way of business, and I certainly don't want to be officially/legally listed as a shareholder (and especially not treasurer).

As for the SEC business.  He just offered his opinion that the emails were fake.

[enmaku]

In my book, no one with an orange ignore button gets to suggest a scammer tag for someone else - the community has spoken about how seriously the OP should be taken.

This is not a matter of trying to build a clique. Get your head out of that ass. Things are what they are, this isn't a popularity contest.

Never suggested it was a popularity contest. What the orange ignore button indicates to me is that a lot of people have said "wow this person is full of shit" and that this should probably be my default reaction. If enough people think you're so full of shit that they never want to hear from you again, your button turns orange and you lose a hell of a lot of clout.

Matter of fact, this is exactly the sort of thing someone like you would do that might result in a "wow this person is full of shit" reaction - demanding that the administrator of a forum give himself a scammer tag (which we all know won't happen) based on crazy allegations that no one has any ability to prove at this point.

The real point is, we haven't heard anything from Nefario or any outside agents who are likely to actually know what's going on with GLBSE. We literally have no proof that anything shady is happening right now though there is certainly enough going on to merit suspicion or worry. Scammer tags are for scammers and let's be honest, we don't even know there's a scam yet. Speak to your suspicions all you want, but only proven scammers deserve the tag and it's way too early to start throwing this around.