I should have posted this months ago. If Jerrod expects us not to sue him he should provide full transaction histories from all the accounts involved in the business.
Without it, I assume he basically shut the business down because he realized he was sitting on a nice chunk of the 1700 + 375 bitcoins that have quickly appreciated to being worth $1.5mm at the time and no longer wanted the 'securities risk'. We were all fine with direct dividends, so I'm still not sure why he "gave up". (Not like he's bother trying to explain!
)
At the very least, he could have bagged the credit card business and just moved to being a dealer like many do on this forum VERY WELL - or returned the invested assets.
But, why not just take the bitcoins and run? That's likely what he did - but with exactly how many BTC, I don't know. No less than several hundred btc.
It's obvious he's scamming us by acting as though BTCQuick had no bitcoins at the end. Lies.
Jerrod, so you're saying you converted 1700 bitcoins into CASH?
Jerrod, you're saying that CASH from 1700 bitcoins remaining is $59,010.34?
Jerrod, you're saying you continued to pay dividends out and report bi-weekly profits despite assets decreasing by 1700 bitcoins?
Even if you so, which would take incredible mismanagement, assuming you sold all the bitcoins at a conservative average rate of $100, that leaves $110,989.66 unaccounted for.
Even if you had mismanaged assets and not reported the conversion of BTC-> USD to shareholders (as you never provided an asset list - guys, this was a huge red flag!)
Jerrod Brunce/Ascension, do the right thing or I'm sure your reputation will be permanently damaged. We are not going to simply "let this go". Provide the account and bitcoin wallet histories. Make some REAL attempt at explaining exactly happened.
What happened to the 1300 btc? Your lack of posts or frankly, caring whatsoever is sociopathic at best.
I demand you admit everything that happened, and disclose exactly what went where and how many btc you took home from this bullshit. We are not going away.
REALLY, all we get after all the trust given to you is this post:
btcQuick is not operating and it has been decided that the company will be dissolved and the remaining funds will be returned to the investors.
We decided that this would be the best option in light of our new merchant account being a complete joke, ACH payments are extremely fraud prone, U.S. regulation ,and our bank account has been put on hold. Due to the Credit card and ACH chargeback windows we will have to wait 6-12 months before we can return the funds back to the investors.
I will issue an official memo in the coming week along with a current assets report/listing.
Thank you for your support,
Ascension
What a joke.
I had held out hope you would actually issue that "memo". Never came. I'm sick of waiting.
I wasn't too badly affected but I know some in this thread were. This is just wrong. Please PM me so we can create an action group.
