OgNasty Ponzi passthrough and ponzi fans.. BTC losses everywhere he goes

[TMAN]

Ponzi Scheme

a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
"a classic Ponzi scheme built on treachery and lies"




so OG admits that if "Members" are not happy with returns they need to bring "new" money in....

then he goes all Madoff...



yes - asking for more time..

finally from the horses mouth - what do you people think?

[TheNewAnon135246]

Seems like he gets very defensive while Anduck justs asks OG about his concerns. Not the kind of behaviour to expect from someone running a "charity".

[minifrij]

Seems like he gets very defensive while Anduck justs asks OG about his concerns.

Not a surprise, and also not the first time this has happened.
The trick to getting around admitting that NastyFans will never get an ROI is to say that he cannot see the future, even though the past has shown it has done nothing but depreciate significantly. Either that or try to measure it in USD, which is irrelevant as investments are made using Bitcoin. When NastyFans only accepts Paypal, that statistic will make sense.

[TMAN]

Its because OG doesnt value BTC.. if he did he would of paid his BTC debts back in full...



some people might not know about OG and his "restructured" debts back when Nasty mining was still a business... before he turned it into a fanclub with seats it was a business with an IPO and shares...

So much slime comes off this snake oil salesman

one more - how he likes to abuse people who question him..

[BTCforJoe]

Just the fact that he states that more seats are needed in order to make anything from the club... and the fact that the term “ROI” was used screams ponzi in itself. IMO, it sounds clear as day, but to OG, it’s as if he’s already drank the koolaid.

This reminds me of MLM and networking companies, but what is the service offered here? Is it pool mining? Is there an actual sustainable product? Because without one, then yes, this is clearly a ponzi.

[TMAN]

Just the fact that he states that more seats are needed in order to make anything from the club... and the fact that the term “ROI” was used screams ponzi in itself. IMO, it sounds clear as day, but to OG, it’s as if he’s already drank the koolaid.

This reminds me of MLM and networking companies, but what is the service offered here? Is it pool mining? Is there an actual sustainable product? Because without one, then yes, this is clearly a ponzi.

you get a couple of merits for seeing the light..

all evidence is in this thread.

https://bitcointalk.org/index.php?topic=86854.0

IPO and shares, to failed investments, then converting to a fanclub, then the dodgy backroom deals - not paying loans in full - going green!! (he sold 30BTC of seats to get his solar panels) all the shenanigans are all there in the thread - although any time I speak out I am called a troll and attacked with negatives as he uses his DT-1 position against me.

[owlcatz]

I have to agree, (and not because the scammer gave me a neg rating and he's DT1), this is a ponzi. I even felt scammed when as a newbie I bought 5 minted seats. I think in a  year or two of having the coin, it maybe had 5 bucks of btc on it. I sold it once I realized this was all just a large (and quite old apparently) scam - This guy doesn't even believe in BTC, he counts everything in USD to make it seem all prettier.

Hey OG - what exactly do you need more time for? Newbies to fall for your scam and buy more seats so you can increase payouts? Oh wait, sounds like a ponzi

Also, you always mention that people should be doing more for the club. What exactly, other than running a miner or something? Anything? 

Finally, people are starting to see the truth here... FFS, it's about time!

[TMAN]

great to see you here fighting back against mr Aladeen..

take a look at this - in the "restructured" loan agreement there is a $ amount from the BFL refund..



so when the refund didnt come through - mr Forum treasurer.. he just says no refund from BFL.. ah well I only promised the refund - not my problem if it didnt come through - yet he specified the $ amount above.

[owlcatz]

Jesus christ... I can't really follow but how much BTC and/or USD was lost to investors in total?

edit - and why does .25 go to "Nastymining"? is that a donation from a loan payment? Man, this guys books must be cooked as shit.... if he even has any legal paperwork at all!?

[TMAN]

Jesus christ... I can't really follow but how much BTC and/or USD was lost to investors in total?

edit - and why does .25 go to "Nastymining"? is that a donation from a loan payment? Man, this guys books must be cooked as shit.... if he even has any legal paperwork at all!?

the loans were just under 300BTC and he ended up paying less than 10BTC back - they also used some "OG" magic to make up 5K more seats... I bet the lenders other than OG are still pissed on that one..

this one makes me giggle as well.. IPO - for those who dont know means initial public offering.. OG sold shares in his mining op..



then a few years later, after he could not fulfill his loans, decides to quote everything in USD - Turns all Madoff.. well he has now started calling it a charity.



It's pretty clear he has no clear idea what NF is. I'd like to see the docs that prove transition from IPO to charity and how that was all accounted for legally as you can't just write a note and call it "done"

but that is the act of the forum treasurer.. this bloke is trusted with 500BTC of forum funds and has been paid 6BTC a year to do it... you would think more members would be screaming out for money back.

yet he still has his auction site up for seats, he still pedals his wares in the Collectibles sub.. another great piece of info is that every minted seat comes with an OG owned seat.. thats right he is offloading his own seats through physical sales..

can anyone else see what is going on here?  notice how it is "his" mining operation now - yet above he sold shares in it??  

EDIT...

Seems like he gets very defensive while Anduck justs asks OG about his concerns.

Not a surprise, and also not the first time this has happened.
The trick to getting around admitting that NastyFans will never get an ROI is to say that he cannot see the future, even though the past has shown it has done nothing but depreciate significantly. Either that or try to measure it in USD, which is irrelevant as investments are made using Bitcoin. When NastyFans only accepts Paypal, that statistic will make sense.

wow - just noticed that Mini.. what a great site you have there, so even more proof that he is either running a failed business or he is outright scamming.  falling prices over time and proof that he raised funds to start a business and not a charity...

[owlcatz]

Holy fuck... It's really a shame more forum members are either afraid to speak up about this due to his DT1 trust abuse, or just don't care. Anyhow, if we can save some newbies from falling for his phony seats, alls well.

[OgNasty]

You guys really need to get a life.  I get so tired of stating the below.

1) I don't run NastyFans.
2) I buy seats and am a regular member like everyone else (I just bought 25 more yesterday).

TMAN, you literally provided a screenshot showing that pricing was always in USD from literally day 1.  Those GLBSE shares were priced at $1.54.  I have since returned more than $5 per seat while they carry a current value of more than $20.  I have not taken a dime for any of my time/electricity/space/internet and continue to make efforts to bring in donations to NastyFans.  When GLBSE burned, there were hundreds of similar organizations that turned to ashes.  The fact that you attack the one Phoenix that found a way to rise out of that instead of appreciating it says more about your character than anything else.  The bottom line is that I run a mining organization that I donate 100% of the electricity to, provide with free internet, free cooling, free space, and operate for free just to give away all the mined BTC to the NastyFans organization that anyone in the world can be a part of.

[TwitchySeal]

I would love to have a skype/phone/whatever conversation to explain exactly what a scumbag OGNasty really is.

I can prove he's a liar.

I can prove he abuses the trust system.

Let's talk about it, if anyone cares.

He's also proud of the way he put a significant amount of effort into convincing other people into investing their money into Butterfly Labs and the Pirateat Ponzi (easily two of the biggest ponzis of all time)



Side note, can anyone confirm if he is really still being paid BTC0.5 per month for holding BTC500 for Theymos as a forum 'treasurer', every month for the past few years?

I have to assume that deal has expired some how, and if not it definitely should be. 

[owlcatz]

You guys really need to get a life.  I get so tired of stating the below.

<snip bunch of bullshit crap as always>

Liar. What's new. Who's paying for your swimming pool maintenance, or your electricity at your home? Who paid for your solar panels? (I know, why can't you explain it??)

You literally don't address anything - You just spew your "alternative facts"... Are you Donald Fucking Trump, or KellyAnn Conjob?

Anyhow, start addressing the questions above and maybe you'll tread your way out of the mess you have dug yourself into.

 

I can prove he abuses the trust system.

What's to prove? Look at the rating he left me a month ago...

[TwitchySeal]

You guys really need to get a life.  I get so tired of stating the below.

<snip bunch of bullshit crap as always>

Liar. What's new. Who's paying for your swimming pool maintenance, or your electricity at your home? Who paid for your solar panels? (I know, why can't you explain it??)

You literally don't address anything - You just spew your "alternative facts"... Are you Donald Fucking Trump, or KellyAnn Conjob?

Anyhow, start addressing the questions above and maybe you'll tread your way out of the mess you have dug yourself into.

 

I can prove he abuses the trust system.

What's to prove? Look at the rating he left me a month ago...

It's actually much worst than any damage he has done to a single user.

OgNasty joined this forum: June 04, 2011, 08:23:23 PM

As of July 2016, he had literally ZERO negative trusts sent or received - trusted or untrusted.  From 2011 until Summer 2016, he bullied anyone and everyone who dared leave him negative trust into removing it. He didn't even leave negative trust for the people who ran ponzi schemes that he convinced other people to invest in. Then he got some neg trust that he couldn't bully away - since then he seems to have gone from "let me use my status to preserve my 'perfect record' " to "it's open season on these bitches"

I'd love to share more details, can dig up tons of links and screenshots if anyones interested.

[OgNasty]

Who's paying for your swimming pool maintenance, or your electricity at your home? Who paid for your solar panels?

I maintain my pool myself.  I pay for the electricity in my home.  I paid for my solar panels. 

[BTCforJoe]

You guys really need to get a life.  I get so tired of stating the below.

<snip bunch of bullshit crap as always>

Liar. What's new. Who's paying for your swimming pool maintenance, or your electricity at your home? Who paid for your solar panels? (I know, why can't you explain it??)

You literally don't address anything - You just spew your "alternative facts"... Are you Donald Fucking Trump, or KellyAnn Conjob?

Anyhow, start addressing the questions above and maybe you'll tread your way out of the mess you have dug yourself into.

 

I can prove he abuses the trust system.

What's to prove? Look at the rating he left me a month ago...

It's actually much worst than any damage he has done to a single user.

OgNasty joined this forum: June 04, 2011, 08:23:23 PM

As of July 2016, he had literally ZERO negative trusts sent or received - trusted or untrusted.  From 2011 until Summer 2016, he bullied anyone and everyone who dared leave him negative trust into removing it. He didn't even leave negative trust for the people who ran ponzi schemes that he convinced other people to invest in. Then he got some neg trust that he couldn't bully away - since then he seems to have gone from "let me use my status to preserve my 'perfect record' " to "it's open season on these bitches"

I'd love to share more details, can dig up tons of links and screenshots if anyones interested.

Considering that this is a Scam Accusation thread against OgNasty, I'm actually interested. I've seen him post around the forums, but have never run into the whole NastyPool offering that this topic was started about, but I have to say that I've been exploring his post history and trust history and their references, and holy hell. I feel like I'm in high school all over again


I hope OG doesn't red tag me for posting this, but as an outsider with a 3rd party point of view, I'm more inclined to believe that anything related to NastyFans is a sham without any real services or products that benefit a user from joining. EVERYTHING about it screams ponzi, which is okay as long as the person entering the pool/club/charity understand that what they're "donating" to is, in fact, a ponzi that relies on the promotions and dedicated work of its members (bringing in more members) to be able to realize a "return" on their "donation". I don't know when this became so convoluted, but I had to take a break on page 51 of the NastyFans thread. I'll get back to finishing it later so I could provide some more of my input, but my oh my... what an interesting read so far.

You guys really need to get a life.  I get so tired of stating the below.

1) I don't run NastyFans.
2) I buy seats and am a regular member like everyone else (I just bought 25 more yesterday).

-snip-

This is just my opinion, but that's exactly like my position in an offshore corporation that I am a part of. I don't own the corporation; I'm just a board member of the corporation, but I do get this nifty little plastic card that allows me to make purchases and I'm also allowed to send emails and make phone calls with people regarding the best interest of said corporation. But I don't own it, nor do I run it. I'm just a regular ol' member of the corporation. Just sayin'.

[OgNasty]

I hope OG doesn't red tag me for posting this...EVERYTHING about it screams ponzi

There is nothing Ponzi about NastyFans.

[TwitchySeal]

You guys really need to get a life.  I get so tired of stating the below.

<snip bunch of bullshit crap as always>

Liar. What's new. Who's paying for your swimming pool maintenance, or your electricity at your home? Who paid for your solar panels? (I know, why can't you explain it??)

You literally don't address anything - You just spew your "alternative facts"... Are you Donald Fucking Trump, or KellyAnn Conjob?

Anyhow, start addressing the questions above and maybe you'll tread your way out of the mess you have dug yourself into.

 

I can prove he abuses the trust system.

What's to prove? Look at the rating he left me a month ago...

It's actually much worst than any damage he has done to a single user.

OgNasty joined this forum: June 04, 2011, 08:23:23 PM

As of July 2016, he had literally ZERO negative trusts sent or received - trusted or untrusted.  From 2011 until Summer 2016, he bullied anyone and everyone who dared leave him negative trust into removing it. He didn't even leave negative trust for the people who ran ponzi schemes that he convinced other people to invest in. Then he got some neg trust that he couldn't bully away - since then he seems to have gone from "let me use my status to preserve my 'perfect record' " to "it's open season on these bitches"

I'd love to share more details, can dig up tons of links and screenshots if anyones interested.

Considering that this is a Scam Accusation thread against OgNasty, I'm actually interested. I've seen him post around the forums, but have never run into the whole NastyPool offering that this topic was started about, but I have to say that I've been exploring his post history and trust history and their references, and holy hell. I feel like I'm in high school all over again


I hope OG doesn't red tag me for posting this, but as an outsider with a 3rd party point of view, I'm more inclined to believe that anything related to NastyFans is a sham without any real services or products that benefit a user from joining. EVERYTHING about it screams ponzi, which is okay as long as the person entering the pool/club/charity understand that what they're "donating" to is, in fact, a ponzi that relies on the promotions and dedicated work of its members (bringing in more members) to be able to realize a "return" on their "donation". I don't know when this became so convoluted, but I had to take a break on page 51 of the NastyFans thread. I'll get back to finishing it later so I could provide some more of my input, but my oh my... what an interesting read so far.

You guys really need to get a life.  I get so tired of stating the below.

1) I don't run NastyFans.
2) I buy seats and am a regular member like everyone else (I just bought 25 more yesterday).

-snip-

This is just my opinion, but that's exactly like my position in an offshore corporation that I am a part of. I don't own the corporation; I'm just a board member of the corporation, but I do get this nifty little plastic card that allows me to make purchases and I'm also allowed to send emails and make phone calls with people regarding the best interest of said corporation. But I don't own it, nor do I run it. I'm just a regular ol' member of the corporation. Just sayin'.

Might take me 24 hours, but will go through my history with OgNasty and try my best to explain exactly what happened as accurately as possible.

In the mean time check out the trust I left Og and also the trust Luptin left him in the mean time, including references.

[owlcatz]

I hope OG doesn't red tag me for posting this...EVERYTHING about it screams ponzi

There is nothing Ponzi about NastyFans.  If you continue to spread libel statements with no evidence and do not correct your prior ones, I will red tag you for spreading lies about provably honest community projects.

More trust abuse for calling you out on facts huh? Really outstanding work as a DT1 Member. I'm sure that's going to work great for you down the road....