Bitcoin Forum
November 18, 2018, 10:01:19 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 [274]
  Print  
Author Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement  (Read 450666 times)
electerium
Full Member
***
Offline Offline

Activity: 179
Merit: 100


View Profile
June 10, 2015, 07:34:04 AM
 #5461

big shocker here.

just another scam.
1542578479
Hero Member
*
Offline Offline

Posts: 1542578479

View Profile Personal Message (Offline)

Ignore
1542578479
Reply with quote  #2

1542578479
Report to moderator
1542578479
Hero Member
*
Offline Offline

Posts: 1542578479

View Profile Personal Message (Offline)

Ignore
1542578479
Reply with quote  #2

1542578479
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542578479
Hero Member
*
Offline Offline

Posts: 1542578479

View Profile Personal Message (Offline)

Ignore
1542578479
Reply with quote  #2

1542578479
Report to moderator
spuushie
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile
June 10, 2015, 04:45:42 PM
 #5462

Hey all,

Due to many circumstances that have occurred since Aug-Sept of last year, LRM is no longer able to operate.  Many factors contributed to this unfortunate event including lawsuit expenses, declining BTC price, and inability to host the hardware profitably anymore.  Mining has ceased and the company has had to declare bankruptcy as of this time.  This should not have been a total shock as almost all other mining contract based operations throughout the market have also ceased by this point, nevertheless it is highly unfortunate to have to bring this news.

Best of luck to all the bitcoiners out there,
Lab_Rat

Where are the ~ 500 BTC you got back from BFL???  I got my refund already so I know you got it.

I see you switched your payment address from MegaBigPower on June 1.  Have fun in prison. 

Anyone have a PACER account?  Any updates on the lawsuit?
You are right this does not end now! There is still a lot to bee solved. Like when he oversold that "asic project". Thats when I went a little to deep for my own liking. I cannot let this go yet. whatever that mean...
BG4
Legendary
*
Offline Offline

Activity: 960
Merit: 1010


PaperSafe


View Profile WWW
June 10, 2015, 07:24:14 PM
 #5463

Sorry it ended this way...I remember the day labrat spoke about his idea.....way back on the early BFL forum days..

(Waves at grnbrg)..




BG4
Papersafe.org
oldbushie
Member
**
Offline Offline

Activity: 94
Merit: 10


View Profile
June 10, 2015, 10:10:04 PM
 #5464

Very sad news, but not unexpected. Sad Best of luck with the proceedings.

At least it was an interesting experiment while it lasted.

bobfranklin
Member
**
Offline Offline

Activity: 116
Merit: 10

aka `DiggeR


View Profile
June 12, 2015, 06:56:07 AM
 #5465

Oh well.

Guess ya might wanna update the website LabRat to reflect the cease of operations.

BTC: 1Q9zM8QKYGn6PkvogV5YC4PU5TBN8rQNHt
fractal02
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500



View Profile
June 13, 2015, 10:17:49 AM
 #5466

I fall on all Scam out there...  Angry

Another one...
I think it's my "BTC exit" venture.

I'm out of this.
BTC is a great idea driven by scammers who will destroy it in the long term.

They already destroyed my faith on it....i become a very Anti-BTC and Altcoin person and i warn every people i can about this fact, simply because i experencied it.

Die BTC and Go to jail Zach, you scammer.
runam0k
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


Touchdown


View Profile
June 13, 2015, 11:57:30 AM
 #5467

Best of luck with the proceedings.
Keep in mind the proceedings were purely a result of LR screwing investors.
spuushie
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile
June 13, 2015, 01:04:04 PM
 #5468

I fall on all Scam out there...  Angry

Another one...
I think it's my "BTC exit" venture.

I'm out of this.
BTC is a great idea driven by scammers who will destroy it in the long term.

They already destroyed my faith on it....i become a very Anti-BTC and Altcoin person and i warn every people i can about this fact, simply because i experencied it.

Die BTC and Go to jail Zach, you scammer.
This!
ismellarat
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
June 15, 2015, 03:31:57 PM
 #5469

Shareholders need to know!

https://www.scribd.com/doc/268740142/Lab-Rat-Voluntary-Petition-for-Bankruptcy?secret_password=9yPmEXYPHeZHA6n8qHFo


Over $200,000 racked up defending his company (and himself personally) from the fraud he committed knowing he could never pay it off.
http://i.imgur.com/ZVLjseF.png

Over $200,000 pocketed personally at the expense of shareholders who saw a fraction of their coins back. (We don't get to see what his mom or any other "employees" made)
http://i.imgur.com/AhBlonj.png

Looks like his mom was his "Professional CPA" for a while....
http://i.imgur.com/LQPBdV5.png

We see that his mom is a managing member at 5%...
http://i.imgur.com/Onydu7h.png

Guess now we know how he could afford the house which is purchased jointly.....
http://i.imgur.com/5qJDSNm.png
http://tax1.co.monmouth.nj.us/cgi-bin/m4.cgi?district=1337&l02=133700157____00023_________M

wish it could've been longer.

We can see why!
Lab_Rat
Hero Member
*****
Offline Offline

Activity: 600
Merit: 501

Marketing for Crypto-Exchange listing-LabRat


View Profile
June 15, 2015, 04:52:30 PM
 #5470

The very first discussion was that I would scoop 25% as my personal share of which I intook on average $60k a year when working 100 hour weeks.  That averages about $10/hr.  This is before Uncle Sam's 30-35% cut of it.  The company paid out a couple million in distributions so my personal cut was less than 10% BEFORE taxes.  The down payment on my house was pretty well solely from a trust fund my father left me when he DIED so please dont go spreading FUD.  Also no fraud was found within my company on the multiple times it was professionally or otherwise investigated.

Thanks,
Zach

Pages: « 1 ... 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 [274]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!