Arvicco (OP)
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July 23, 2013, 04:44:59 PM Last edit: July 24, 2013, 05:16:16 PM by Arvicco |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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July 23, 2013, 04:48:14 PM Last edit: July 23, 2013, 04:59:44 PM by drawingthesun |
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Lets be realistic, this offers no new insights into the location of the money or pirate. Nothing will come of this.EDIT: If they actually have caught him based on his name, then why didn't anyone track him down before??
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candoo
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July 23, 2013, 04:49:50 PM |
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Einer trage des andern Last, so werdet ihr das Gesetz Christi erfüllen.
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wormbog
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July 23, 2013, 04:52:18 PM |
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Great news! As these ponzi schemes get prosecuted, fewer and fewer new ones will appear.
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Arvicco (OP)
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July 23, 2013, 04:55:25 PM |
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Lets be realistic, this offers no new insights into the location of the money or pirate. Nothing will come of this.
It does not really matter. The important thing is, BTC is called "investment" and treated as a monetary value everywhere in the text of the complaint. This settles the ridiculous argument that stealing BTC is somehow not as dangerous as stealing "real money". Such nonsense is periodically resurfacing on these forums. Maybe now, the next Trendon Shavers will think twice before running similar scam and hoping he will get away with it.
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 23, 2013, 05:03:11 PM |
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if i were pirate i'd keep those coins in my brainwallet and never give it up, and hopefully not suffer psychological damage while serving out my sentence and recover once getting out
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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July 23, 2013, 05:05:33 PM |
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SEC v. Trendon T. Shavers, et al 7 so who are the other 7 ?
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kjlimo
Legendary
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Activity: 2114
Merit: 1031
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July 23, 2013, 05:11:08 PM |
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Lets be realistic, this offers no new insights into the location of the money or pirate. Nothing will come of this.EDIT: If they actually have caught him based on his name, then why didn't anyone track him down before?? I think I heard this name before, so I think we knew his name... these things just take time, right? Bout time. My favorite part: Woot, bitcoins are worth something according to the SEC... perhaps they will give us some guidance on how to account for these things...
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r3wt
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July 23, 2013, 05:16:21 PM |
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wow, 700,000 BTC!!!!
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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superduh
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July 23, 2013, 05:21:19 PM |
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sec only does civil from what i understand. he needs to be charged criminally as well.
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ok
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Birdy
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July 23, 2013, 05:24:49 PM |
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If people want to invest with an unregulated market with some guy only known by pirate something-or-other then why should regulators step in? Do people want regulators involved or not? Or only when it is convenient?
That's right, only when it is convenient (for the overall population that is). Why? Because the government is supposed to work for it's people.
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GenTarkin
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Activity: 2450
Merit: 1002
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July 23, 2013, 06:18:54 PM |
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this is fucking awesome!
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DeathAndTaxes
Donator
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Activity: 1218
Merit: 1079
Gerald Davis
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July 23, 2013, 06:22:46 PM |
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sec only does civil from what i understand. he needs to be charged criminally as well.
Yes but the SEC (or FinCEN or other federal agency) tend to work hand in hand with the Justice dept. So while SEC can't file criminal charges they have already done the legwork. All it requires is a phone call and turning over all docs to Justice dept and you can have an arrest warrant as fast as you can wake a judge up. Note since sometimes people skim comments and reach their own conclusions I am not saying that he WILL be charged but just that if the Justice Dept wants to well it is trivial at this point. The bad news is it is unlikely victims will get much if anything back other than the satisfaction that Pirate (still can't believe people gave a guy named "Pirate" hundreds of thousands of BTC) is in trouble.
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DeathAndTaxes
Donator
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Activity: 1218
Merit: 1079
Gerald Davis
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July 23, 2013, 06:23:50 PM |
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If people want to invest with an unregulated market with some guy only known by pirate something-or-other then why should regulators step in? Do people want regulators involved or not? Or only when it is convenient?
Regulators are ALREADY involved and they honestly don't care your (or mine or anyone's) opinion on if they should be.
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thefiniteidea
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July 23, 2013, 08:59:06 PM Last edit: February 26, 2018, 09:46:33 PM by thefiniteidea |
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Lets be realistic, this offers no new insights into the location of the money or pirate. Nothing will come of this.
It does not really matter. The important thing is, BTC is called "investment" and treated as a monetary value everywhere in the text of the complaint. This settles the ridiculous argument that stealing BTC is somehow not as dangerous as stealing "real money". Such nonsense is periodically resurfacing on these forums. Maybe now, the next Trendon Shavers will think twice before running similar scam and hoping he will get away with it. EXACTLY. And having grown tired of the unchallenged negative spin on Bitcoin-related news, like the inevitable, biased-drabble which will attempt to confuse and directly associate the word ponzi and Bitcoin from this piece, I've decided to take matters into my own hands.
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greyhawk
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July 23, 2013, 09:07:35 PM |
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Lets be realistic, this offers no new insights into the location of the money or pirate. Nothing will come of this.EDIT: If they actually have caught him based on his name, then why didn't anyone track him down before?? What makes you think no one tracked him down? Everything about TS was known on these forums, down to what nice new car he bought from your money.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 23, 2013, 09:40:36 PM |
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I wish you said Trendon Shavers or Piratetat40 XD
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Believing in Bitcoins and it's ability to change the world
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