bitfloor issues?

[Phinnaeus Gage]

looks like Roman could'nt hire that car after all....

Roman Shtylman Roman Shtylman ‏@defunctzombie

Fucking awesome. My remaining personal credit card accounts have been closed on me due to business decisions.
11:00 PM - 20 May 13

Has it accorded to anybody as to WHY he's taking the time to post on Twitter?

[krudkeeper]

Maybe Roman should play peerbet, lol?

[johnblaze]

guy probably deposited the million dollar check and is earning interest on it while he "looks for solutions"

[wtfvanity]

guy probably deposited the million dollar check and is earning interest on it while he "looks for solutions"

In a savings account, best case scenario $1000 a month? That doesn't sound like too great of a reward for how much people are owed.

[Dr3AM$cAp3]

Staring at the bitfloor screen again today and no update present. 
It's been 11 days
since they were supposed to be "working on a way to start returning funds".

This is becoming frustrating.   

Funny thing is, the next update should be something along the lines of, "The check's in the mail".

[Minor Miner]

I do not know what you all are complaining about.   He updates his twitter quite often and is enjoying his visit to the bay area.   What do you expect him to do?   Spend his leisure time working on the solution to giant (unfun) mess that he created just because it involves other people's money?
Be reasonable, the guy has to live.   
https://twitter.com/defunctzombie

[Phinnaeus Gage]

I do not know what you all are complaining about.   He updates his twitter quite often and is enjoying his visit to the bay area.   What do you expect him to do?   Spend his leisure time working on the solution to giant (unfun) mess that he created just because it involves other people's money?

Be reasonable, the guy has to live.
  
https://twitter.com/defunctzombie

[infested999]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

[wtfvanity]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

[infested999]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

More realistic is that he didn't make a deal with anyone. After the first BitFloor hack he is so much in debt to those that he will never be able to pay it back in his life. Right now he is just spending our money as much as he wants and nobody even called the cops on him yet.

I don't understand how when Bitcoin-24 went down there were thousands of users, a seperate btc24-help forum setup, federal police in Germany investigating. Then here on BitFloor he runs and nobody even bats an eye.

[DannyHamilton]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

For the sake of argument, if we assume for the moment that Roman is an honest and trustworthy person who is legitimately interested in getting everyone's USD balances back to everyone . . .

I'm curious, what bank would allow you to open an account if you informed them that your plan was to deposit a single check in excess of $500,000 (could it be in excess of $1 million?), then split that balance up into many ACH transfers over the course of a few days, then close the account?

He's holding a check (a piece of paper IOU that has a dollar amount written on it) and somehow he needs to find a bank that will allow him to open a business account for a defunct business that will close it's account a few days latter?

I'm curious how he's going to solve this.

[ProfMac]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

For the sake of argument, if we assume for the moment that Roman is an honest and trustworthy person who is legitimately interested in getting everyone's USD balances back to everyone . . .

I'm curious, what bank would allow you to open an account if you informed them that your plan was to deposit a single check in excess of $500,000 (could it be in excess of $1 million?), then split that balance up into many ACH transfers over the course of a few days, then close the account?

He's holding a check (a piece of paper IOU that has a dollar amount written on it) and somehow he needs to find a bank that will allow him to open a business account for a defunct business that will close it's account a few days latter?

I'm curious how he's going to solve this.

I'm willing to work with my bank to let this be deposited to an account, and dispensed according to his records.  I am convinced that the several days that it takes to "clear" a check is used to the bank's advantage.

I am sure others would come forth with technical and administrative solutions as well, if we had information to work with.

[DannyHamilton]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

For the sake of argument, if we assume for the moment that Roman is an honest and trustworthy person who is legitimately interested in getting everyone's USD balances back to everyone . . .

I'm curious, what bank would allow you to open an account if you informed them that your plan was to deposit a single check in excess of $500,000 (could it be in excess of $1 million?), then split that balance up into many ACH transfers over the course of a few days, then close the account?

He's holding a check (a piece of paper IOU that has a dollar amount written on it) and somehow he needs to find a bank that will allow him to open a business account for a defunct business that will close it's account a few days latter?

I'm curious how he's going to solve this.

I'm willing to work with my bank to let this be deposited to an account, and dispensed according to his records.

Would you be willing to do this if there was a good possibility that the bank would be forced by FinCEN to close your accounts on you?

Are you sure that your bank would be willing to participate in this transaction?

I suggest talking with your bank, letting them know exactly what you intend to do, and why, and then if the bank is willing to cooperate and can assure you that your account will not be closed due to this activity, contact Roman and/or his lawyer.

I suspect you will find that your bank will not be as cooperative as you think they will.

[ProfMac]

Now he completely forgot about BitFloor and is just living a regular life. What crime can we call this? He owes us money and is just neglecting it...

At this point you wonder if he made a deal with someone.

Close up shop, and we won't prosecute you for anything bitcoin related. We want you shut down. Keep their money and we won't prosecute you criminally for it either. You can just take a few civil suits, declare bankruptcy and have a blast with all your cash.

That sounds pretty realistic based on the way he is holding everyone's money.

For the sake of argument, if we assume for the moment that Roman is an honest and trustworthy person who is legitimately interested in getting everyone's USD balances back to everyone . . .

I'm curious, what bank would allow you to open an account if you informed them that your plan was to deposit a single check in excess of $500,000 (could it be in excess of $1 million?), then split that balance up into many ACH transfers over the course of a few days, then close the account?

He's holding a check (a piece of paper IOU that has a dollar amount written on it) and somehow he needs to find a bank that will allow him to open a business account for a defunct business that will close it's account a few days latter?

I'm curious how he's going to solve this.

I'm willing to work with my bank to let this be deposited to an account, and dispensed according to his records.

Would you be willing to do this if there was a good possibility that the bank would be forced by FinCEN to close your accounts on you?

Are you sure that your bank would be willing to participate in this transaction?

I suggest talking with your bank, letting them know exactly what you intend to do, and why, and then if the bank is willing to cooperate and can assure you that your account will not be closed due to this activity, contact Roman and/or his lawyer.

I suspect you will find that your bank will not be as cooperative as you think they will.

Banks have a range of personalities, just as people do.  I know of at least two banks, one in Texas and one in Minnesota that have a lot of customers from Mexico.  They are accustomed to doing wire transfers and the like in an environment that surely has a paperwork burden.

Of course, I would speak with candor with the bank officers.  I might also ask for an opinion from the FinCEN people beforehand, an act that should give me substantial protection.

The risky thought that I have is not helping people return these funds, rather it is the thought of asking Roman to start the exchange back up after I have had some involvement, however brief, in it's activities.

For any of this to proceed, I would of course have to chat with Roman.

[johnblaze]

anyone willing to defend this scumbag is a complete POS

go read this article and see the similarities on how this scammer ended up treating his customers:
http://weirderweb.com/2013/02/05/do-you-trust-the-black-hat-a-300000-internet-marketing-ponzi-scheme-at-work/
constant excuses, being condescending to his customers, its all there.

i dont care about his excuses. be a man of your word and fix your shit. dont fucking spend your time taking trips to san fran when you owe people millions.

"business is bad? fuck you pay me."
"oh you had a fire? fuck you pay me."
http://www.youtube.com/watch?v=5ydqjqZ_3oc

[ProfMac]

anyone willing to defend this scumbag is a complete POS

go read this article and see the similarities on how this scammer ended up treating his customers:
http://weirderweb.com/2013/02/05/do-you-trust-the-black-hat-a-300000-internet-marketing-ponzi-scheme-at-work/
constant excuses, being condescending to his customers, its all there.

i dont care about his excuses. be a man of your word and fix your shit. dont fucking spend your time taking trips to san fran when you owe people millions.

"business is bad? fuck you pay me."
"oh you had a fire? fuck you pay me."
http://www.youtube.com/watch?v=5ydqjqZ_3oc

So tell me, how does your post do anything to help me get my money back.

[Entropy-uc]

So tell me, how does your post do anything to help me get my money back.

Constructive really depends on the eye of the beholder.  When I warned months ago that Roman was insolvent, and anyone leaving funds on deposit with him risked losing them you and many others on this thread seemed to take the message badly.  For anyone heeding my comments, they were very constructive.

Similarly, angry messages recognizing that Roman could very well be scamming us all can be constructive if they lead to widespread recognition of the facts.  Roman is not your friend, he is so bankrupt that his personal credit has been withdrawn, and he is not acting in your best interests.

The first step to solving your problem will be to recognize that you have a problem.  If you expect any solution you are going to have to take criminal or civil legal action.

[johnblaze]

well said

[Rassah]

go read this article and see the similarities on how this scammer ended up treating his customers:
http://weirderweb.com/2013/02/05/do-you-trust-the-black-hat-a-300000-internet-marketing-ponzi-scheme-at-work/
constant excuses, being condescending to his customers, its all there.

Roman has been condescending to his customers? Link or source? I'd like to know if this is true.

i dont care about his excuses. be a man of your word and fix your shit. dont fucking spend your time taking trips to san fran when you owe people millions.

Any source on the "millions" claim? Last estimate I heard was a few hundred thousand. If you know it's actually millions, could you please let us know how you found out?

When I warned months ago that Roman was insolvent, and anyone leaving funds on deposit with him risked losing them you and many others on this thread seemed to take the message badly.  For anyone heeding my comments, they were very constructive.

Roman is not your friend, he is so bankrupt that his personal credit has been withdrawn, and he is not acting in your best interests.

This might be news. Do you know that Bitfloor's bank was closed down because it found out that Roman was insolvent due to a prior hack? Or is this just a guess?

[laserwolf]

Any source on the "millions" claim? Last estimate I heard was a few hundred thousand. If you know it's actually millions, could you please let us know how you found out?

A tally on reddit came up with the $500,000. It's a fair guess the total amount is in the millions.