I never knew he was convicted of lottery scam. Are you able to back that up?
For a summary, please see:
Butterfly Labs CEO 25 Million USD Mail Fraud
Please note that: So far, the first wave of customers for the ASIC line have lost 90% of their Bitcoins for nothing in return.
In a nutshell: This means that BFL
can, at their leisure,
"fail",
then, refund the
dollar value of every order placed since last summer,
and walk away with many, many, many million dollars worth of Bitcoin denominated profit.
This bears repeating: IF BFL FAILS, the owners of the company stand to earn tens of millions of dollars.
Very clever scheme, cery simple mechanics.
At any rate, it's WIN/WIN for BFL. LOSE/LOSE for their customers.
Let the world know!
Also note that there has, supposedly, been a change in leadership. Nasser Ghoseiri* has, allegedly replaced Vleisides as Chief Executive.
Nasser is a France based Iranian expatriate, currently employed by Société Générale, the bank, in Paris.
Who is charge of day-to-day operations for BFL in Kansas remains
unknown, and they decline to answer inquiries into the matter.
Again, please read:
Butterfly Labs CEO 25 Million USD Mail Fraud
*https://www.facebook.com/nasser.ghoseiri