Philip Moustakis
Senior Attorney
Division of Enforcement
United States Securities & Exchange Commission
3 World Financial Center, Suite 400, New York, NY 10281-1022
(212) 336-0542
The there is a lot of FUD in "Got off the phone with the Guy from the S.E.C" thread:
https://bitcointalk.org/index.php?topic=112438.220DO NOT READ IT. It is full of misinformation.
This should be the thread to discuss how you can participate in the SEC investigation. Maybe Phil will even sign up and answer your questions (but that may be a conflict of interest for him). Theymos, if he does please let him out of the newbee sections.
The links above and below contain a pdf from the SEC on google docs that contain the full text of your right to voluntarily supply information to an SEC civil investigation. It a little long and daunting and can freak people out but I'll pull out the highlights below.
https://docs.google.com/open?id=0B-33azoziRiZbTFXc0lxcV9SWHcI also just got off the phone with Philip Moustakis. Nice guy. We chatted for about an hour. Unfortunately any info others have given me is not relevant to him as he needs to speak with defrauded investors. Without witness willing to come forward to explain to the SEC the nature of their investments with Trendon Shavers they can't make a case. If they can not make a case then Trendon Shavers stays on the beach in Mexico spending your precious bitcoin.
Here is the deal. This is NOT a criminal investigation. This is a civil action. Philip is essentially on a fact finding mission. At the end of this fact finding he has to present the FACTS to the Commissioners and they decided if there is enough evidence to make a case against Trendon Shavers. If there is not enough evidence, Trendon Shavors remains on the Beach in Mexico spending what remains of your Bitcoins.
AS PER US SECURITIES LAW: THE SEC WANTS TO KNOW IF TRENDON SHAVER MADE ANY MISREPRESENTATION OR MATERIAL OMISSION TO YOU, ON WHICH YOU RELIED TO MAKE AN INVESTMENT DECISION IN ANY BITCOIN SECURITIES OFFERING. IF THIS IS THE CASE SECURITIES LAWS WERE VIOLATED AND THEY MAY BE ABLE TO PURSUE PROSECUTION.
HOWEVER IF YOU WERE A PPT AND YOU ALSO MISREPRESENTED OR OMITTED RELEVANT INFO ON WHICH YOUR INVESTORS RELIED TO MAKE INVESTMENT DECISIONS THEN YOU ALSO VIOLATED SECURITIES LAW. YOU'RE FUCKED. GAME OVER. TRENDON WINS.
So while PPT guys may be out if they knew of trendon's fraud, EVERY regular investor should get on the phone on Tuesday and call Phil at (212) 336-0542 and talk to him or set up an interview if you are in NY. While there are many many victims, if no one comes forward they can not prosecute and Trendon walks.
[EDIT]
There is also the possibly that under appropriate circumstances, the SEC can offer a witness a proffer agreement, and that there are certain cooperation tools at these disposal. You should discuss exactly what that means with Phil if you don't already know.
[/EDIT]
Call Phil and talk to him. (212) 336-0542
Phil is not going to answer your questions about the investigation. Any information about the investigation is not publicly available. Any evidence you provide will also NOT be made publicly available, however it will be shared internally and with appropriate authorities.
If you decided to get involved know that you are being interviewed VOLUNTARILY. You can terminate the interview at any time. You can refuse to answer any question at any time. (It is not an interrogation). You have to state what country you are from as US involvement with witness from to foreign jurisdictions may have to be approved or handled in a certain way. You have to to tell the SEC who you are and how to get in touch with you. If the information in the interview is helpful and a civil action is brought against Trendon you may have to participate in civil action.
The SEC has NO criminal authority. No one is going to arrest you, however they can refer matters so state or local authorities.
You DO NOT want to give false statements.
Again the gritty details on in this 5 page pdf file:
https://docs.google.com/open?id=0B-33azoziRiZbTFXc0lxcV9SWHcIf you DO NOT take action Trendon Shaver fraud continues and he wins. It 's as simple as that.
TIME IS OF THE ESSENCE.
**** I am not a lawyer. this is my recollection of my telephone conversation with Phllip Moustakis. I will also be emailing this text to Phillip to to correct any factual errors or inaccuracies.
