labcoin lawsuit

[virtualspade]

This thread is for discussing the upcoming Labcoin lawsuit, I'll start with my posts from the moderated thread.

Ok guys lets put the pitch forks down for a second and get back to reality, first that chinese address is 3 years old and Alberto is atm in Italy and has probably been there for some time now so lets start there. Second Fabrizio Tatti is Italian and the owner of I-tec.pro aka Labcoin so we have to start with him.

So first we need to gather a list of people who has lost plenty of money ( together over 200 000$ ) with this SCAM, then we take that list and make a criminal complaint and submit it to Italian "Polizia Postale" the Italian cyber-crime unit.

And with the complaint we will submit Albertos involvement in Labcoin and his fraud history and a estimate of how much money he has stolen from people in the past. Im sure the will want to put him away and not let him get away with that, as this is their job to put guys like him away. And since Fabrizio is the owner working with known criminal I am sure he also will get convicted for his crime.

We have there IP addresses that they have been using on IRC and Im sure the Polizia Postale will find out who Sam is and take him in for questioning and he will also get convicted if he exists. We can also mention that they have been logging in to Btc talk and Btc-t Im sure Btc talk will give information to the police regarding the accounts these SCAMMERS have been using ( IP addresses of logins to Labcoin and delaria accounts ) Burnside will release the IPO BTC address and possibly IP addresses via order from the US gov or Belize gov if the Polizia Postale will ask for them.

So the right way of moving forward is getting people who lost money to get together and submit the complaint to the right authorities and they will hunt these guys down and bring them to justice.

So if you guys are ready to submit your real names and how much you lost to the complaint Im sure we can get get this case rolling. I personally have not lost so much so I can not do anything alone and I need some big investors to join this endeavour if we are going to succeed in bringing these SCAMMERS to justice. Personally I dont see how we are going to get all our money back but Im sure these guys will not SCAM again if we can put them away for a long time.  


and

Im no expert in this area but i think we should start with the Italian authorities since these guys are from Italy and there is an Italian lawyer who can set us up with a Italian criminal lawyer who can prepare the compliant and submit it the authorities.

As for the payment of this I suggest the that lawyer sets up a BTC donation address and a estimate of the cost and when there is sufficient funds to proceed he will make the paper work and submit the compliant to the authorities. And for the personal information that is needed I suggest emailing the information directly to the criminal lawyer who is handling the case.

And for taking the lead of this I suggest someone from lcsh group who has some more credibility with the community as Im just a newbie. This is just my suggestion and we can ask the lawyer what he thinks of this approach.

[1713980199]

1713980199

[1713980199]

1713980199

[1713980199]

1713980199

[virtualspade]

As for the payment of this I suggest the that lawyer sets up a BTC donation address and a estimate of the cost and when there is sufficient funds to proceed he will make the paper work and submit the compliant to the authorities. And for the personal information that is needed I suggest emailing the in

And for taking the lead of this I suggest someone from lcsh group who has some more credibility with the community as Im just a newbie. This is just my suggestion and we can ask the lawyer what he thinks of this approach.

are you italian?

anyway, before paying for a lawyer, you should contact the authorities. cyber crime and/or financial regulator. I would do this both in Hong Kong and Italy. fabrizio is presumably still in hk and his name. is linked to this without a shadow of a doubt. It may be less clear to authorities that Alberto is involved. putting some heat on fabrizio will make prove that rather quickly i suspect

No Im not italian, the actions how to proceed is based on free advice from a italian lawyer who is willing to set up the case for his normal fee if we hire him. to hire him we need someone to make a contract with him so he could proceed. his advice was to get enough people involved so that the total amount of lost money is at least 200 000$ so that the police will have sufficient motivation to proceed with investigation. I will see if I can post his responses here in this thread.

[NineLives]

The prob is that I'm facing is allot of info thats gathered can be faked real easy.  Including IP's.

[virtualspade]

The prob is that I'm facing is allot of info thats gathered can be faked real easy.  Including IP's.

well thats why we need the Italian authorities to take over the investigation so they can get the full IP history of these SCAMMERS, and considering that the first Q&A Alberto logged on IRC with his real name and own IP I do not think they have done a good job of hiding in the past. and the second Q&A sam also logged on IRC without proxy one time and he was in Italy but said he was in Switzerland. 

[auto2nr1]

I am willing to help in anyway possible. Keep us posted.

[Skinnkavaj]

Nail those bastards!

[virtualspade]

Update on the situation.

Currently we have about 12% of total share holders behind the coming compliant against Labcoin and Fabrizio. Nice work everyone! I didn't expect to get so many on board so fast but I guess Labcoin is not that popular atm.
Tomorrow I will contact the lawyer again and lets see how it goes from there.

[ThrillHou]

Pleased to hear about your initiative. I would like to eventually submit info as I had lost quite a bit.

However, we as a community need it to be vouched that this is not a follow up scam, and that you yourself are not a scammer. I personally do not think this is the case, but we need some additionally info by which to judge your trustworthiness(or anyone's) to communally stop the scamming. I know some people will be afraid to submit info to you as it currently stands. 

[virtualspade]

Pleased to hear about your initiative. I would like to eventually submit info as I had lost quite a bit.

However, we as a community need it to be vouched that this is not a follow up scam, and that you yourself are not a scammer. I personally do not think this is the case, but we need some additionally info by which to judge your trustworthiness(or anyone's) to communally stop the scamming. I know some people will be afraid to submit info to you as it currently stands. 

Hello and thank you for your concerns.

You are absolutely right that there is no reason to trust me as I said I'm just a newbie here. I'm sure that the people who has contacted me so far has some trust in me because they read the post I made with the information regarding Labcoin here or on IRC, or they know that I'm part of LCSH group who is a group of mostly respected members of the community.

I just made an update on the self moderated Labcoin thread were I explain that I don't need your personal information this is information only shared between the lawyer and the share holder who is joining the compliant.

Furthermore to build trust in this case and me to take it forward the LCSH are backing me up and have been planning this as a possible action since the troubles began with Labcoin. I will submit my personal name and address to the lawyer as this is needed for him to accept the case. The lawyer is also a member of the btctalk community so he could verifie that he has my information but I'm not sure he could give that out according to the client-lawyer non-disclosure terms.

I could give my information to the LCSH group I trust them not to miss use it.

And if someone doesn't want to have anything to do with me I'm sure that I can post the lawyers email address here ( when we hire him ) in this thread and the information could be sent straight there.   

[virtualspade]

Here is a update

Nice work every one we now have 1 million labcoin shares backing up a compliant against Labcoin and its owner Fabrizio Tatti.     

To be on the safe side with my estimation of total amount of lost money I'm using the IPO price as the buy in price for all the shares so that means 1000 BTC lost and with BTC price at 200$ ( to be on the safe side ) we have reached our minimal goal to make a convincing case with the Polizia Postale that is 200,000$ of lost money.

That said I'm sure that some of you have bought in above IPO price and the total amount will be higher. The price you paid for your shares and your total loss of money just like any personal information will be information that you only shall shear with the lawyer we hire, in that way any information is covered under client-lawyer non-disclosure terms.

Any one who wants to join us can PM me here https://bitcointalk.org/index.php?action=profile;u=144825

If you don't want to disclose the amount of shares you have to me that is ok ( as we are over target ), as long as you are willing to submit it to the lawyer when the time comes. As long as the compliant is not yet finalized for submission to the authorities there is time to join.

I have no specific time table to give you at the moment since we are in the beginning of the process. 2 weeks is TM of labcoin so I wont use that, but I'll keep you updated. At the moment we are still gathering support and information, PM me if you got something to ask or have any useful information.

[dexX7]

However, we as a community need it to be vouched that this is not a follow up scam, and that you yourself are not a scammer. I personally do not think this is the case, but we need some additionally info by which to judge your trustworthiness(or anyone's) to communally stop the scamming. I know some people will be afraid to submit info to you as it currently stands. 

I'm not sure about how any payments to the lawyer are handled, but I just wanted to confirm that virtualspade does an awesome job behind the curtain and this thread is legit.

[auto2nr1]

However, we as a community need it to be vouched that this is not a follow up scam, and that you yourself are not a scammer. I personally do not think this is the case, but we need some additionally info by which to judge your trustworthiness(or anyone's) to communally stop the scamming. I know some people will be afraid to submit info to you as it currently stands. 

I'm not sure about how any payments to the lawyer are handled, but I just wanted to confirm that virtualspade does an awesome job behind the curtain and this thread is legit.

I agree. ^

[gecko_x2]

However, we as a community need it to be vouched that this is not a follow up scam, and that you yourself are not a scammer. I personally do not think this is the case, but we need some additionally info by which to judge your trustworthiness(or anyone's) to communally stop the scamming. I know some people will be afraid to submit info to you as it currently stands. 

I'm not sure about how any payments to the lawyer are handled, but I just wanted to confirm that virtualspade does an awesome job behind the curtain and this thread is legit.

I agree. ^

Yes i can also confirm.

[virtualspade]

Thanks dexX7, auto2nr1 and gecko_x2 for confirming I'm not a scammer

Update on the situation

Fabrizio is the first person that the police will investigate since it is his company that is behind Labcoin according to the IPO contract.

I'm sure he will cooperate with the police in the case he also has been scammed and has nothing to do with all of this as he has claimed, but that still remains to be verified by the police.

I have contacted TheSwede75 and I'm communicating with him and he is willing to help in any way he can, I'm hoping he has something of value to contribute since he was working with "sam" on the IPO details and was in close contact with him.

Now that we have the support of so many share holders we are starting the next phase of the process, that is gathering and organizing all the information for the complaint.

I will be taking the weekend of from all this since I have logged so many hours on the case this week, but you can expect me back on the case in full action next week again.

Thank you for your support

virtuals 

[bitcoiner49er]

I like to see the community take care of it's own.  Nice job everyone! It may be unregulated, but that doesn't mean a mob won't come after you. 

[kleinessteak]

Well, i only got ~ 1.5k shares, but can i also join the lawsuit against labcoin?

[E.Sam]

Well, i only got ~ 1.5k shares, but can i also join the lawsuit against labcoin?

PM the OP with your amount of shares

[bigdude]

subbed

[CHAO]

Dear virtualspade,

Thank you very much,You do a good job!!

[Puppet]

Did you contact Meni Rosenfeld about this? He is (was?) supposedly trying to get some money back from Alberto regarding his bitdaytrade scam:
https://bitcointalk.org/index.php?topic=93445.0

He may or may not have recent contact information

[virtualspade]

Hey everyone,

So we have now 2 million shares backing up the coming complaint and more are joining us every day. I been working on the case gathering and organizing information for the complaint. I have also been in contact with the lawyer and I will hire him after we get the details worked out for our contract.

So now I'm asking the community to help out with the case, if you are good at writing and like to help putting the complaint together I made a thread were anyone can help out to make the complaint or just a part of it. Post in this thread your view of how/why Labcoin broke the contract and I will use that information in the complaint, Pleas be professional about it so that the text will be appropriate for a complaint.

Here is the thread:

https://bitcointalk.org/index.php?topic=332638.0

But if you are a real comedian and think you can make a better joke out of Labcoin than Sam has done, feel free to try I love some good Lulz


I also made a thread to collect information about Labcoin's history, different user name's involved with Labcoin, any information that could be useful for the complaint and to find out who these guys are and who's credentials they have been using.

Here is the thread:

https://bitcointalk.org/index.php?topic=332624.0

If you don't want to submit the information on those thread's or have any questions pleas PM me here:

https://bitcointalk.org/index.php?action=profile;u=144825

Thank you for your support
   

[Ytterbium]

The prob is that I'm facing is allot of info thats gathered can be faked real easy.  Including IP's.

The problem is these people are too stupid to do that. If they were smart, they could have made a *ton* more money. In fact, the ideal scam would be to make legit hardware, and then massively oversell it, ala BFL.

If you want to see what smart scammers look like, just look at HashFast.  They're clearly emulating the BFL business model.

[auto2nr1]

Did you contact Meni Rosenfeld about this? He is (was?) supposedly trying to get some money back from Alberto regarding his bitdaytrade scam:
https://bitcointalk.org/index.php?topic=93445.0

He may or may not have recent contact information

Contacting him now. Thanks for the info.

[kololo]

You guys are great. Sam must be punished.

[VolanicEruptor]

I'm not taking the legal route, I'm taking a physical confrontation route.  The mission is to also confirm his identity and find out more about him for the people who ARE taking the legal route.  We will also see what he has to say, and what his family has to say.

A flight from Canada to Italy is just over $1000 according to expedia.ca. 
I want to spend at least a week there to pursue this, so add another $1000 for hotel room and $500 for food. 
Extra funds will help with tools, such as a video/audio recording device, stungun (for self defense of course in case someone tries robbing me, right?  read between the lines if you wish), etc... but If I can't raise them I will buy them myself, but I don't think I will need over $2500. Every bit extra will help (if I do raise more before I book my flight, I will extend my stay which may increase the effectiveness of the pursuit). 

1Q99YdEuHfywTRFgeD1jPteQYWYaHnfmi7
Any funds I don't use will be returned. 

[Ytterbium]

I'm not taking the legal route, I'm taking a physical confrontation route.  The mission is to also confirm his identity and find out more about him for the people who ARE taking the legal route.  We will also see what he has to say, and what his family has to say.

A flight from Canada to Italy is just over $1000 according to expedia.ca. 
I want to spend at least a week there to pursue this, so add another $1000 for hotel room and $500 for food. 
Extra funds will help with tools, such as a video/audio recording device, stungun (for self defense of course in case someone tries robbing me, right?  read between the lines if you wish), etc... but If I can't raise them I will buy them myself, but I don't think I will need over $2500. Every bit extra will help (if I do raise more before I book my flight, I will extend my stay which may increase the effectiveness of the pursuit). 

1Q99YdEuHfywTRFgeD1jPteQYWYaHnfmi7
Any funds I don't use will be returned. 

How are you planning to find him once you get there?

The irony is that the higher the price of bitcoin goes, the more and more pissed off labcoin investors are going to get. 

And the more and more fiat they'll have for...  revenge.

Alberto pulled a big scam in the past, and agreed to settle at a price of $12/btc (and never did)   If the average person had, say 100 btc and lost 50, they'd be out $1200, they'd be out $600, and have $600 to spend tracking them down.

On the other hand, the same thing happens now, someone who had and lost the same # of BTC would have lost $24,000, and they'd have $24,000 trying to track him down.

I think going to the cops is the way to go at this point.  People were talking about lawyers, etc.  But at this point he's shut down the website and completely stopped paying divs.

The police will be able to look up where the IP addresses were physically located.  They don't even need supenas, Alberto has left his IP address all over the internet.  But they'll also be able to get more, like the IP he uses on bitcointalk, and so on. They'll be able to get payment records for Linode, and find his real, fiat currency banking details.  And of course, they'll then be able to track down the IP addresses he uses to do his banking, as well as seize/freeze those accounts. They'll be able to discover (and even seize) any bitcoin he has on exchanges, or other sites he doesn't control.  He'll be cut off from the banking system, unable to trade bitcoin for anything other then cash from other members of the bitcoin community, which will be more difficult as everyone will know who he is and he'd be afraid of getting re-scammed. 

It depends on how motivated the police are.  The money he stole last time wasn't enough for the police to care anyway, but this time it's easily into the hundreds of thousands of dollars they (at least in the US) will roll out of bed for.   Of course, it depends on which jurisdiction he's in. The FBI took on the Pirateat40 case, and people did get some compensation. OTOH, Italian or HK cops might not care.

[Bitcycle]

He really screwed up not paying out the dividends.  It removes any defense based on an earnest-but-failed effort. Now he has no defense.

Kind of stupid, not paying out a few dozen btc for deniability.  But then, Alberto is a stupid man.

[GTR_JOEY]

PM'd VirtualSpade

only 4000 shares but worth chasing down I think

[yellowli]

I wish I could participate in, but I was in China, I only had 5638 strands. Support you.

[pbbhopp]

I'm supporting too. My 20k shares are not many, but it is something VirtualSpade, Do I need to PM you something ? I'm ready to pay some BTC for justice.

[kingfzero]

I'm supporting too. My 70K.

[dadaguo]

support here~~21K

[virtualspade]

Pm sent to GTR_JOEY, yellowli, pbbhopp, kingfzero, dadaguo and 8 other who has joined us today.

Anyone who likes to join us PM me here:

https://bitcointalk.org/index.php?action=profile;u=144825

We have gathered a lot of information and are sorting through it now, there will be an update coming, we just don't want to give to much information out to Alberto what we know.

Not that it matters that he knows what we know since he going to jail and there is NOTHING he can do about that.

over 2.4 million share supporting this action now.

[nanobrain]

Great work VSpade.

As BTC worth increases this fraud becomes greater and greater...7000btc now worth nearly 5.5M Gox bux....I'm sure Alberto(whoever) is simultaneously feeling elated about the haul but anxious because as BTC grows so does the magnitude of his crime.

[E.Sam]

Great work VSpade.

As BTC worth increases this fraud becomes greater and greater...7000btc now worth nearly 5.5M Gox bux....I'm sure Alberto(whoever) is simultaneously feeling elated about the haul but anxious because as BTC grows so does the magnitude of his crime.

Worth noting that the fraud is not amounting to 7000 BTCs anymore. That amount was for 7.000.000 shares. Since they sold 1.24M shares, the stolen amount is now more in the order of 8400 BTCs (if sold @ IPO price - it is most likely to have been sold at higher rate).

[nanobrain]

Great work VSpade.

As BTC worth increases this fraud becomes greater and greater...7000btc now worth nearly 5.5M Gox bux....I'm sure Alberto(whoever) is simultaneously feeling elated about the haul but anxious because as BTC grows so does the magnitude of his crime.

Worth noting that the fraud is not amounting to 7000 BTCs anymore. That amount was for 7.000.000 shares. Since they sold 1.24M shares, the stolen amount is now more in the order of 8400 BTCs (if sold @ IPO price - it is most likely to have been sold at higher rate).

True. Plus all the dividend payments that have not been released.

[kololo]

18K shares！

[iiping]

25k share

[bitcoiner49er]

625 shares. Eh, not much but I support the efforts.

[kingfzero]

What is the latest progress? Evidence collection? Or what?

[jimmy3dita]

I'm in with you guys, I've only 720 shares but I live in Italy and I can help you alot with this job.

It's not so hard to hire a private investigator and get all the information you may need, you can also hire him locally and spend way less than having a trip here.

[virtualspade]

What is the latest progress? Evidence collection? Or what?

We are still collecting evidence and organizing it for the complaint, every day there is coming in new evidence and more people joining us, we like to make the complaint as complete as possible before we submit it. We are in the final stage of finalizing the contract with the lawyer, and when that is done there will be an announcement made how to proceed by LCSH, our official Labcoin Share Holders Representative Group informations account.

Thank you for your support.

[Puppet]

What is the latest progress? Evidence collection? Or what?

We are still collecting evidence and organizing it for the complaint, every day there is coming in new evidence and more people joining us, we like to make the complaint as complete as possible before we submit it. We are in the final stage of finalizing the contract with the lawyer, and when that is done there will be an announcement made how to proceed by LCSH, our official Labcoin Share Holders Representative Group informations account.

Thank you for your support.

Not sure I understand why are taking the legal route, instead of filing complaints with the appropriate authorities in Italy and HK. It will take years, cost a lot of money and its highly unlikely he will even show up in court, even if you figure out where he lives and manage to serve him. If you get the police involved, at least there is a chance they will catch him.

[virtualspade]

Not sure I understand why are taking the legal route, instead of filing complaints with the appropriate authorities in Italy and HK. It will take years, cost a lot of money and its highly unlikely he will even show up in court, even if you figure out where he lives and manage to serve him. If you get the police involved, at least there is a chance they will catch him.

Hmm.. I'm not sure if I understand your question here, from my first post in this thread:

"....then we take that list and make a criminal complaint and submit it to Italian "Polizia Postale" the Italian cyber-crime unit."

And after the police have done their investigation and found out who is responsible for this scam, we can take the case to court and try to get the lost money back. This will be the next step after the complaint and the police investigation, and as you say this is a separate process from the complaint and this is going to take time and cost money, but right now we are concentrating on getting all the information we have to the police so they can start their investigation.

Hope this helps.

[bernard75]

There are no class action suits in HK.
Although they tailor excellent suits.

[kingfzero]

hey,guys,you seems didn't Update message about two days,so what now?
Did you finished collected evidence now?
When did you lawsuit labcoin？
What is you plan?

[merv77]

hey,guys,you seems didn't Update message about two days,so what now?
Did you finished collected evidence now?
When did you lawsuit labcoin？
What is you plan?

Watch out to who you give information to here.
this person above (kingfzero) seems to have joined not even 10 days ago and most probably wouldn't have anything to do with buying Labcoin shares.

Please verify anyone, before giving out information.

EDIT. just after I posted this message kingfzero logged off, go figure.

[kingfzero]

hey,guys,you seems didn't Update message about two days,so what now?
Did you finished collected evidence now?
When did you lawsuit labcoin？
What is you plan?

Watch out to who you give information to here.
this person above (kingfzero) seems to have joined not even 10 days ago and most probably wouldn't have anything to do with buying Labcoin shares.

Please verify anyone, before giving out information.

EDIT. just after I posted this message kingfzero logged off, go figure.

laugh

so I receive this from customerservice<customerservice@cryptostocks.com> 2013/11/2


Labcoin (LBC) has paid a dividend of 0.00000171 BTC per share. You own 45315.0 shares and have received a total dividend payment of 0.07748865 BTC


Your Cryptostocks Team

[kingfzero]

I'm in with you guys, I've only 720 shares but I live in Italy and I can help you alot with this job.

It's not so hard to hire a private investigator and get all the information you may need, you can also hire him locally and spend way less than having a trip here.

report to the police, this is an international network of fraud case.
The police force resource is more than our own convenience .
If you live in Italy and you can do a lot of things.
Thank you.

[iCEBREAKER]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

[merv77]

hey iCEBREAKER,

whats with all the links in your signature, none of them work.
I was interested in prices.

Sorry off topic

[iCEBREAKER]

hey iCEBREAKER,

whats with all the links in your signature, none of them work.
I was interested in prices.

Sorry off topic

BitMit is being resold and relaunched.

I keep the sig to show everyone the potential an eBay-killer like BitMit has.

Don't worry about going off-topic.  LabScam is being delisted so we need a new topic anyway!   

[Blue777]

any update?

[LCSH]

Friends, Labcoiners, Shareholders, lend me your ears!

LCSH has had great success in it's investigatory endeavors into the individuals responsible for the Labcoin operation. We would love to give complete detail into what has been uncovered but we walk a thin line of informing you, the victim, and tipping off the perpetrators. So, please, forgive any vagueness, it is not intended to keep you, the innocent in the dark, but the accused.

We would like announce that both Fabrizio and Alessia have agreed to provide information to our group and as a result we find it would be appropriate for all shareholders to cease communication with them, especially in the way of threats, lewd gestures, and other harassment.

Our work is entering the next phase, which involves funding. We have ample evidence now to move against the accused and are in touch with a lawyer who is eager to assist in compiling our data into a case and bringing forth justice. We know that many of you have lost a lot of financial resources, and we regret having to ask for one Satoshi more, but alas, this is what is needed for justice to be realized. The collected resources will be provided to the lawyer to build and file a formal legal complaint against the accused. This is the first step towards a legal hearing.

When we reach a balance of 3.5 BTC (of about 7 BTC total for complaint) in the legal fund address our lawyer can begin legal maneuvers that will set in motion the justice system against the accused.

virtualspade is handling the donations, se post below.

[virtualspade]

Update and request for your support,

Hello everyone, I have officially hired the lawyer and he is ready to start working on the complaint, but in our agreement it is stated that he will start working on the case once he receives half of the agreed amount for the whole complaint, and the rest upon completion of the criminal complaint and before its submission to Italian authorities.

I will receive a invoice nominated in euros, but we have agreed that I can pay it with Bitcoins, since I have lost most of my Bitcoins to this scam and don't have the money to pay for all this right now, I'm asking for your help. The total amount of Bitcoins needed is difficult to calculate exactly because of the volatility of the price for Bitcoin, but with todays price it's about 7 BTC. This amount is for the lawyers work on the complaint and some other fees that is related to the complaint. I am sure there will be more fees to pay before this whole thing is over, but for now this is what is needed to proceed with the complaint.

Any Bitcoins sent to the address I have made for this purpose, will only be used to pay for fees involving the legal actions against Labcoin, I don't consider them as my personal funds, but as the funds of the Labcoin shareholders who wish to take legal action against Labcoin. Once this whole ting is over I'm ready to have a vote on what to do with the remaining funds, if there are any left.

So immediately when there is enough funds (about 3.5 BTC) for half of the complaint invoice, I will send them to the lawyer and he will start to work on the case.

Here is the address for the Labcoin legal action donations:

1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

Thank you for your support.

[merv77]

will you be informing how much you have collected and/or when you have enough funds to proceed.
how will will we know who and how much each person interested in the lawsuit has paid?

Thanks

[virtualspade]

will you be informing how much you have collected and/or when you have enough funds to proceed.
how will will we know who and how much each person interested in the lawsuit has paid?

Thanks

Thats a good question, you can view the current balance of the donations address here:

https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

If everyone that has joined the action against Labcoin (about 100 people) sends 0.07 BTC that makes 7 BTC.

But there are those who has more BTC than others and some that has none, so everyone is welcome to sent what ever they want, and I'm sure we will get the needed funds collected.

[merv77]

like us to post BTC amount here for record keeping when someone sends it?

[dexX7]

I strongly support this, even as a non-shareholder.

Let's see, how far we can go with the probably first crowd funded Bitcoin lawsuit.

[merv77]

0.2 BTC sent
lets get the ball rolling.

thanks for organizing this and good luck

BTW visualspade, add BTC address to your profile you deserve a tip for your time.

[virtualspade]

Thanks, dexX7 and merv77

I don't think it necessary to keep records of who has sent what amount, the most important thing is that we got the ball rolling and we are not going to stop before we have justice served. And in the end if this donations campaign doesn't work out, I'm going to have to pay the invoice, and after that I'm not going to have the necessary funds to continue with the process, so we will make this work, and if not I will learn how to speak with the whale's.

I'm also hoping that some of Albertos previous victims find this thread and join us, as dexX7 demonstrated you don't have to be a Labcoin shareholder to donate to a good cause.

And merv77, I was thinking about putting my BTC address in my signature, but I thought every body involved with Labcoin have already lost money, so why should they need to give away some more. But since you asked for it, and I have put hundreds of hours of work into this, I could really have some cold beer right about now

[strmir]

0.3BTC from me

I didn't hold my shares till the end and can't join this action directly, but I want to support those, who weren't so lucky.

Let's shove all the 16 cores of Labcoin's imaginary chip up his ass (PGA package preffered).

Thanks LCSH and all involved

[merv77]

@visualspade
have a beer on me 
cheers

[auto2nr1]

Will be sending some BTC this evening in support for this.

[virtualspade]

Lol and thanks, strmir

@visualspade
have a beer on me 
cheers

Thanks, merv77 I think I'll have 2

[fforforest]

Thanks for your hard work virtualspade.

0.2BTC Sent.

[kingfzero]

0.04BTC send,not to much,but i support you.

[jimmy3dita]

Hi guys,
great news finally

Who's the lawyer? Can I get in touch with him?

[merv77]

Hi guys,
great news finally

Who's the lawyer? Can I get in touch with him?

this would be good for somebody to actually be able to meet in person with the lawyer.  Just to show we're from all parts of the world and we mean business.

BTW, is the lawyer in Italy? And could you give us his/their web site, company name, etc.

[virtualspade]

Hi guys,
great news finally

Who's the lawyer? Can I get in touch with him?

this would be good for somebody to actually be able to meet in person with the lawyer.  Just to show we're from all parts of the world and we mean business.

BTW, is the lawyer in Italy? And could you give us his/their web site, company name, etc.

we do need this information as we're all here for some action, and we're paying this law firm.

Everyone that has signed up for the legal actions against Labcoin, will soon get a message how to contact the lawyer with your personal information and the amount of lost/stolen money. First I just need to get my part of the contract with him for-filled, that is to pay the first half of the invoice, and after that he will start to work on the case, and you can contact him whit questions about the case. But if you have some urgent matters regarding the complaint PM me, and I can get you in touch with him.

I will not put his information out here on the forum, with out asking him for his consent.

[AtlasONo]

I own 1500 shares, sign me up. Say we do get a settlement, would it be distributed to all share holders or only those participating in the lawsuit?

[chenchunyu88]

I have around 1000 shares. sign me up too.

Thank you.

[merv77]

update lawyer payment
total required      7.0 BTC
amount to begin  3.5 BTC

so far in the pot        2.76751225 BTC
still required to begin  0.73248775 BTC

the quicker we get the ball rolling the better.
every little bit helps.

pot address: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT  (address supplied by visualspade)

EDIT. blockchain status:  https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

godspeed everyone involved

[ewibit]

just a little send to support you...

[Wsbltc]

0.21B send, and I would like to join this lawsuit as a shareholder victim.

[pbbhopp]

My support - 0.1BTC. Good luck and let's catch these bastards 
d5e9b555dca3187eba6a8902210ccf3d11375e7119b280439c9412f22f1f875c

[MilkyLep]

What info do you need in order to join/sign up?

[bryant.coleman]

I had 100 Labcoin shares in BTCT.co. The exchange is gone and now the company is worthless.

What should I do to join this initiative?

[pedrog]

I had 100 Labcoin shares in BTCT.co. The exchange is gone and now the company is worthless.

What should I do to join this initiative?

An account with your BTCTC email address was created at Crypto::Stocks, your shares are there, check your email, or recover password.

[Duffer1]

I had 100 Labcoin shares in BTCT.co. The exchange is gone and now the company is worthless.

What should I do to join this initiative?

Contact Virtualspade letting him know you wish to join the complaint.  Once the contract with the lawyer is funded you will be asked to provide details to the lawyer directly.

[bryant.coleman]

I had 100 Labcoin shares in BTCT.co. The exchange is gone and now the company is worthless.

What should I do to join this initiative?

Contact Virtualspade letting him know you wish to join the complaint.  Once the contract with the lawyer is funded you will be asked to provide details to the lawyer directly.

I have PMed Virtualspade with the details. Thanks a lot for the help.

BTW... we have good news today:

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131203/china-exclusive-china-detains-bitcoin-fraud-suspects

[jimmy3dita]

Hi guys,
I add ~19000 shares on top of my already existing 720, I'm representing also another guy here in Italy.

Keep up with the good work!

[BenTuras]

...
We would like announce that both Fabrizio and Alessia have agreed to provide information to our group
...

Can you explain what the above sentence means. What information have they provided(that you can share in public)?

When we reach a balance of 3.5 BTC...

I just donated to get you to 3.5BTC: https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[abuelau]

Great stuff!! 

[merv77]

When we reach a balance of 3.5 BTC...

I just donated to get you to 3.5BTC: https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

thanks BenTuras

[merv77]

Hi guys,
I add ~19000 shares on top of my already existing 720, I'm representing also another guy here in Italy.

Keep up with the good work!

hi visualspade,

could you at least give jimmy3dita the lawyers details address, so he could visit the lawyer in person.

and jimmy3dita could you please report what you think of this lawyer.

thanks guys

[canth]

Kicked in 0.2 to the fund. I'd like to see these guys never able to repeat this type of fraud again.

[virtualspade]

...
We would like announce that both Fabrizio and Alessia have agreed to provide information to our group
...

Can you explain what the above sentence means. What information have they provided(that you can share in public)?

When we reach a balance of 3.5 BTC...

I just donated to get you to 3.5BTC: https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

Thank you BenTuras. About that statement I can say that both Fabrizio and Alessia have been of great help to put together some key points in our investigation, like who is behind Labcoin, of course we had our suspicions and some evidence but they have helped us to better understand what really has been going on. Also they have helped to bring some better understanding to some of the evidence we have, and helped to connect the dots between some things. And they have agreed to work with us and supply their statements of what has transpired to our lawyer and in that way to the authorities. Key information is the name of the person who has been impersonating them on various places, and who is behind Labcoin. They have first hand knowledge about this, and their statements will give support to our complaint against the accused.

hi visualspade,

could you at least give jimmy3dita the lawyers details address, so he could visit the lawyer in person.

and jimmy3dita could you please report what you think of this lawyer.

thanks guys

As I am the only client of the lawyer at the moment, there is little point in members contacting him about the case, since I have a client-lawyer non-disclosure agreement with him, and according to the law he can not discuss the case with anyone that has not signed an legal agreement to participate in the complaint. ie. if you were to call him and ask if he has a case going on against Labcoin I'm not even sure he could answer that.

When he has worked out the layout of the agreement, and jimmy3dita has signed it, the conversation will most likely be more productive, so I suggest to wait until the lawyer has worked that out. That said I'll PM jimmy3dita the information so that he knows were to go when the lawyer is ready to talk to him.

Kicked in 0.2 to the fund. I'd like to see these guys never able to repeat this type of fraud again.

Thank you, I agree this should be the last fraud by these guys, and lets see to it that they are going to have a really long time to regret this one in prison.


Today I will send the coins we have gathered so far to the lawyer.


And as always, I thank you for your support.




 

[salviel]

.05 sent, wish I had more, put almost all of my BTC into labcoin...

I've got 22,880 shares on cryptostocks, and I want to see this guy caught and shaken hard.

If there is any personal info I need to provide, send me a PM and I'll happily comply.

[salviel]

Also, if there is anything else I need to do to show my interest in supporting this lawsuit, let me know.

[gecko_x2]

0.1 btc sent, i have 7500 shares.. would give more but i don't have alot of bitcoin after currently taking 100% loss in labcoin & actm

and once again, i can verify that virtualspade is 100% trustworthy as i've known the man personally for years. We are all very lucky that we have someone willing to do some real work.

I'm looking forward to the next beer with virtuals so i can ask him about the progress in person.. bitcointalk has been such a depressing site last 6 months.

Personally, if i ever get anything back from Labcoin, i will give 10% of that to virtualspade for his efforts.

Now back to blaming myself for ever getting involved with these mining companies.. It is true what they say, that most of man's problems stem from his inability to just sit in a room and do nothing.

[BenTuras]

...that most of man's problems stem from his inability to just sit in a room and do nothing.

There is a saying to counter that: Use it or lose it. Decide for yourself what you'll lose.

[jimmy3dita]

As I am the only client of the lawyer at the moment, there is little point in members contacting him about the case, since I have a client-lawyer non-disclosure agreement with him, and according to the law he can not discuss the case with anyone that has not signed an legal agreement to participate in the complaint. ie. if you were to call him and ask if he has a case going on against Labcoin I'm not even sure he could answer that.

When he has worked out the layout of the agreement, and jimmy3dita has signed it, the conversation will most likely be more productive, so I suggest to wait until the lawyer has worked that out. That said I'll PM jimmy3dita the information so that he knows were to go when the lawyer is ready to talk to him.

All received,
I'm ready to talk with him anytime.

[jimmy3dita]

Another short update: I exchanged a pair of emails with the lawyer, I should update you within the next week.
Probably I'm not going to disclose here what we are going to do -for obvious reasons- I'll update you via Virtualspade or using our IRC channel

[merv77]

thanks jimmy3dita for keeping us posted
cheers

[LCSH]

First goal reached

An amount of 3.6995 Bitcoin was received and confirmed by our lawyer for starting to build the legal case. The amount received converts to € 2853.80. Thanks everyone!

More than half of the total amount for the complaint is reached and the work has already begun. If you like to contribute, please use this address: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[E.Sam]

How can I join with 5k shares?

Just PM the OP with amount of shares.

[bitcoins...BIIITCOINS]

20,316 shares here

[dexX7]

20,316 shares here

Please send virtualspade a message.

[kost]

1000 shares and sent virtualspade a message. is it normal to not get any response?

[virtualspade]

1000 shares and sent virtualspade a message. is it normal to not get any response?

Yes it's normal not to get a response within 5h after sending the message, I have a family, job and mining operation to take care of. My personal life has been somewhat on hold since I started to investigate the Labcoin fraud, but I'm planning to reclaim that and my stolen Bitcoins when this is over

Sometimes it can take 1-2 days, but I try to response to all messages within a day.

[kost]

Yes it's normal not to get a response within 5h after sending the message,

I got response. thanks.
I was just wondering whatever I will get some response or I should not expect any. Not that I expect any immediately. Sorry for that.

[Ytterbium]

How's everything going?

[iCEBREAKER]

How's everything going?

Much Progress!   Justice soon.  Settlement immanent.  Such Bitcoin Police, wow!

[ThrillHou]

Yea, just let us know if you need anything on our end. Thank you virtualspade for all your efforts.

[kingfzero]

NO UPDATES?

[NineLives]

1000 shares and sent virtualspade a message. is it normal to not get any response?

Yes it's normal not to get a response within 5h after sending the message, I have a family, job and mining operation to take care of. My personal life has been somewhat on hold since I started to investigate the Labcoin fraud, but I'm planning to reclaim that and my stolen Bitcoins when this is over

Sometimes it can take 1-2 days, but I try to response to all messages within a day.

Sent you a message.

[virtualspade]

I posted this on the [CRYPTOSTOCKS] Labcoin Official Thread, I'll post it here also if Sam decides to start deleting stuff from there, it's not a real update but there is some new information.

Hi virtualspace,

will you PM people who joined complaint and give us list of what Lawyer requires from us?

will he need proof of shares bought at BTC.TC or is information from cryptostocks enough? 
Will be needing csv files of trades etc..? 
I have csv files that I downloaded from BTC.TC, but if anyone who hasn't, are they still available from BTC.TC?
Is burnside of BTC.TC assisting lawyer or is lawyer contacting him? 
Is cryptostocks also assisting?

Is there anything else we should be preparing before we get contacted and have to submit info to lawyer?

Answer what you can in public forum otherwise could you send everyone PM (email) relevant information to prepare?

Thanks,
merv77

I will send a email to the lawyer and ask him if he has any information about what is needed for the complaint, but he is still working on the part of the complaint that focuses on getting the police interested in pursuing the case, and starting the investigation in to this fraud.

There is a lot of information to go through and I expect this to take some time to do, after that he can focus on how possible salvaged funds would be distributed and how to calculate the amount that everyone would get.

I also have the csv files that I downloaded from BTC.TC, but I know that not every one have them. Burnside said that he would help with the complaint and I'm sure he can get the information from his data storage if needed. I sent Burnside a email Dec 9 and asked how the information he said he would provide is coming along, I have not yet got any reply to my question. We have contacted him again and are waiting for his reply.

We are also looking looking into the possibility to compel him to release the information via order from the Gov't where he resides, as this was his first answer to me about releasing any information about Labcoin, in a email I sent him Oct 23.

Cryptostocks admin has also agreed to help with the complaint and he also has all information regarding Labcoin on his servers.

I can't think of any thing that you could do to prepare for the complaint, other than be patient and wait for us to get the complaint ready.

I will PM everyone that has joined the complaint with the information that the lawyer needs and how to contact him when the time comes.

TheSwede75 has failed to contact me or any other member from LCSH, I am personally starting to believe that he has some part of this fraud, and if it comes to a vote, I vote for him to be a suspect accomplice in this fraud, and would be presented as that in the complaint against Labcoin.

I have not followed TheSwedes75 actions and if or how he has replyed to his part of the Labcoin fraud, so I could be wrong but I find it interesting that he can not find the time to write some messages about his actions regarding Labcoin.

I'm also starting to believe that his name is not Daniel Larsson as presented on the btct.co/security/LABCOIN page, so if any of you have some information about TheSwede75 or like to do some research on him pleas PM me.

[VolanicEruptor]

Can I suggest contacting theymos to see if he is able to provide any useful information.  One would have to assume users like theswede and labcoin were behind proxies, but you never know..

[virtualspade]

Can I suggest contacting theymos to see if he is able to provide any useful information.  One would have to assume users like theswede and labcoin were behind proxies, but you never know..

I sent this to theymos on Oct 9

*************************************************************************************************************************

« Sent to: theymos on: 09 October 2013, 14:14:51 »
   
hello,

we are a group of labcoin share holders looking for information about labcoin and since getting the truth about what really going on seem impossible I decided to contact you in hope of some more information.

the user labcoin's first message here https://bitcointalk.org/index.php?topic=241033.0 is signed by Samuel Noi but Fabrizio Tatti has admitted to that he has written that message. what we are looking for when did Samuel take over the labcoin account and what is written by Tatti and what is by Samuel. so I write you hoping that we could get user labcoins logon IP address history to try and figure out who has been using the account. the guys in the group said that good luck getting the info from bitcointalk.org but I decided to write you anyway and ask, please help us.

*************************************************************************************************************************


I haven't got any reply from him yet, it seams that the admin of bitcointalk.org likes to protect scammers and their identities. I think he refers to the btctalk user's privacy and he wont release any information and "it's not up to him to judge", this is just a guess and what I have heard, as he never replied to me I don't know for sure.

This could be a good reason for the Bitcoin securities and other projects to be hosted on some other forum with a admin that wont let frauds be committed freely, with out the risk of the criminals information being released.

I don't know if the other guys from LCSH are interested in hosting such a forum for real (there has been some talk about it), and run the necessary backup checks on the issuers of cryptocoin securities and other projects, I would take part of some ting like that. I think this is some ting we need in the cryptocoin securities scene, and in that way we would look out for the best interest of the investors and not the best interest of people running scams.

[auto2nr1]

I think it would be great to have some kind of 3rd party screening some of these securities as well as the issuers to make sure they are legit so the community can be safer from scammers out there trying to take our coins.

[merv77]

couldn't the police force theymos for information required?
or would he have to front court and judge force him to give information required.

same with theswede75..?

EDIT. I think it perfectly legal to request this info one way or another, no?

Formal Discovery: Gathering Evidence for Your Lawsuit - (Ref link: http://www.nolo.com/legal-encyclopedia/formal-discovery-gathering-evidence-lawsuit-29764.html)

Once a lawsuit gets underway, parties to the lawsuit or their lawyers start gathering information related to the lawsuit. This investigative process is aptly named "discovery," because it often turns up facts and documents that were previously unknown -- to at least one party to the lawsuit anyway.
For the most part, discovery takes place outside the courtroom, with parties exchanging written information and sitting through face-to-face questioning sessions (called "depositions"). However, if the parties can't agree on what should be handed over in discovery, a judge may have to resolve the dispute.
The kind of information that a party can force someone else to reveal -- is generally very broad, though there are some limits. A party may ask for facts about the case, for the identity of others who may know something about the case, for documents relating to the case, and for inspection of physical objects or property connected to the dispute. Discovery can be used to seek information not only from the other party to the lawsuit, but also from people and businesses that aren't involved in the legal proceedings.
What Can Be Discovered
The basic rule of discovery is that a party may obtain any information that pertains -- even slightly -- to any issue in the lawsuit, as long as the information is not "privileged" or otherwise legally protected (see "Discovery Limits," below). Here are some of the things lawyers often ask for in discovery:

• anything a witness or party saw, heard, or did in connection with the dispute
• anything anyone said at a particular time and place (for example, in a business meeting related to the dispute or after a car accident that turned into a lawsuit)
• the identity of anyone who might know something about the dispute or about the injuries or money losses either party suffered
• detailed information on how a business is run (for example, a party might try to determine how a company that sold a dangerous product decides what to sell, or how a business makes employment-related decisions or keeps its accounting records)
• documents relating to the dispute, and
• the personal, educational, and professional background of a witness.

Limits on What Can Be Discovered
Virtually any bit of information that might have even a slight connection to the lawsuit is fair game for discovery. But this enormous latitude sometimes leads to abuse. Lawyers might try to pry into subjects that have no legitimate significance for the lawsuit, or that are private and confidential, serving only to annoy or embarrass the parties. Fortunately, there are some legal limits on this kind of probing, and some protections to keep private material from being disclosed to the public.
Confidential conversations. Conversations between people engaged in certain relationships are given a special legal protection known as privilege. Courts and legislatures have decided that the free flow of confidential information in these relationships is so important that it must be protected, even though that information might be important to others in a lawsuit. Under the law, no one can be required to disclose any information, whether verbal or written, that was confidentially exchanged within the following relationships:

• husband and wife
• lawyer and client
• doctor and patient, and
• religious advisor and advisee (although this privilege is often referred to as "priest-penitent," it applies more generally to any confidential conversation between a member of the clergy of a recognized religion and a person seeking spiritual counsel).

Private matters. In recent years, courts have increasingly recognized that some aspects of personal life should remain private, beyond the reach even of lawyers. But the right to privacy is a fairly recent and still-developing legal notion. As a result, there is no clear definition of precisely what it covers -- and the extent of its protection varies considerably from state to state. Roughly, the right to privacy protects a person from having to divulge information that is not obviously relevant to the lawsuit and is a matter that a person would not normally discuss or reveal to anyone outside of immediate family and intimate friends. This might include issues such as:

• health or body issues
• sexuality, sexual practices, or sexual partners
• spiritual or religious beliefs, and
• immediate family relationships.

Privacy rights of third parties. Courts are more willing to protect the privacy of third parties -- for example, witnesses, co-workers, or family members of a party -- than the privacy of parties to a lawsuit. Courts often put limits on how much a party can find out about someone who isn't involved in a lawsuit, reasoning that it isn't fair to invade the privacy of someone who was dragged into a dispute.
Keeping discovery information from the public. Even if a party is required to disclose certain information to the other side in a lawsuit, that information can be treated confidentially by the court -- that is, the party who receives it can be prevented from revealing it to anyone else, and the court can keep it out of the public record. This might be done to protect, for example, sensitive financial information, confidential information belonging to a business, or personal medication information that is relevant to the lawsuit. For this to happen, a judge must usually order that information be kept confidential, in what's often called a "protective order."
Discovery Procedures
There are four types of formal discovery tools that are frequently used in lawsuits. They are:

• Depositions. In a deposition, one party or that party's lawyer conducts face-to-face questioning of the other party or a witness to the dispute. The person being questioned (the "deponent") must answer under oath, and the answers are recorded for later use at trial. If the deponent cannot testify at trial, the questions and answers might be read to the jury as evidence. If the deponent does testify and gives different answers at trial from those he gave during the deposition, the questions and answers can be used to show the jury that the witness changed his story.
• Requests for production of evidence. In a request for production of evidence, one party asks the other for physical evidence related to the dispute. Requests for production are usually used to gather pertinent documents, such as contracts, employment files, billing records, or documents related to real estate. However, these requests can also be used to inspect physical objects or property -- for example, in a dispute about whether a contractor properly repaired a homeowner's roof, the contractor's lawyer might ask to have a roofing expert inspect the work.
• Interrogatories. Interrogatories are written questions one party sends to the other to be answered under oath. The answers can be used at trial in the same way as deposition answers -- to challenge a party who changes her story later.
• Requests for admission. In a request for admission, one party asks the other party to admit, under oath, that certain facts are true or certain documents are genuine. These requests are generally used to save time and to narrow the issues that have to be proved at trial.

[lzr1900]

2014 is coming.hope we can hunt alberto down and get our btc back...

[nanobrain]

couldn't the police force theymos for information required?

Jurisdiction would be the issue but I imagine the lawyer would be able to sub poena 'theymos', if we have a real name that is.  That would then make 'theymos' a hostile witness legally, which given the nature of the action is not going to look good for him/her.

But I've discovered over time that 'theymos' doesn't seem to care what happens on the forum....I imagine too busy counting his coins.

[ThrillHou]

Hi VS, I notice earlier you posted,

 "I will PM everyone that has joined the complaint with the information that the lawyer needs and how to contact him when the time comes."

I just want to make sure I have formally "joined the complaint" as I do not know if my info was given at an earlier time. In any case, I would like to  declare myself as joining in the complaint.

To all, is there any way we can blockchain analyze any of the coins (or the coins of all those working for Labcoin in any capacity- particularly addresses associated with The Swede. ) Since things will get done faster if we put all our cards on the table, I'll go ahead and say I am nearly 100% certain The Swede is an accomplice in this. Investigate all his publicly known BTC addresses...never know what you might find.

Peace out

[ferskvare]

If we could have an update with what's going on, that would be appreciated as well

[virtualspade]

Happy New Year everyone,

Lets make this a good year for the bitcoin securities market, and I hope that starting it with a complaint against the Labcoin fraud sends a message to all that are thinking of scamming bitcoins from investors, that they will NOT get away with it...

I got a message from a user that contacted theymos about the releasing of information about the Labcoin user, I quote:

"We generally don't release such info without a warrant."

So there is a chance to get the information from him, thank you theymos. You could have told me that when I asked about it.

Next week the lawyer is ready to receive the information from the 124 shareholders that are joining the complaint, I will sent PM to all that has joined how to proceed with this.

So if anyone still wants to join there is still time.

After the lawyer has gotten all the information, he is looking to submit the complain in about 2 weeks after that.

I will post another update soon with a estimated amount of BTC needed to pay for the remaining part from the invoice for the complaint.

And ThrillHou you are nr. 46 on my list to send the PM to, so you have formally "joined the complaint" a long time ago. I sent you a confirmation PM on 13 November 2013, so you are good with that.

[AtlasONo]

Cool

[pbbhopp]

Happy New Year everyone,

Lets make this a good year for the bitcoin securities market, and I hope that starting it with a complaint against the Labcoin fraud sends a message to all that are thinking of scamming bitcoins from investors, that they will NOT get away with it...

I got a message from a user that contacted theymos about the releasing of information about the Labcoin user, I quote:

"We generally don't release such info without a warrant."

So there is a chance to get the information from him, thank you theymos. You could have told me that when I asked about it.

Next week the lawyer is ready to receive the information from the 124 shareholders that are joining the complaint, I will sent PM to all that has joined how to proceed with this.

So if anyone still wants to join there is still time.

After the lawyer has gotten all the information, he is looking to submit the complain in about 2 weeks after that.

I will post another update soon with a estimated amount of BTC needed to pay for the remaining part from the invoice for the complaint.

And ThrillHou you are nr. 46 on my list to send the PM to, so you have formally "joined the complaint" a long time ago. I sent you a confirmation PM on 13 November 2013, so you are good with that.

Please send mail to me too. I joined long time ago . Thank you

[CHAO]

Dear Virtualspade,

Thanks you very much.You do a good job.I have lost the major bitcoin in this  Labcoin fraud.
If I can take some bitcoin back.I will send you at least 5% with my thankfulness.

Best Regards
Chao

Happy New Year everyone,

Lets make this a good year for the bitcoin securities market, and I hope that starting it with a complaint against the Labcoin fraud sends a message to all that are thinking of scamming bitcoins from investors, that they will NOT get away with it...

I got a message from a user that contacted theymos about the releasing of information about the Labcoin user, I quote:

"We generally don't release such info without a warrant."

So there is a chance to get the information from him, thank you theymos. You could have told me that when I asked about it.

Next week the lawyer is ready to receive the information from the 124 shareholders that are joining the complaint, I will sent PM to all that has joined how to proceed with this.

So if anyone still wants to join there is still time.

After the lawyer has gotten all the information, he is looking to submit the complain in about 2 weeks after that.

I will post another update soon with a estimated amount of BTC needed to pay for the remaining part from the invoice for the complaint.

And ThrillHou you are nr. 46 on my list to send the PM to, so you have formally "joined the complaint" a long time ago. I sent you a confirmation PM on 13 November 2013, so you are good with that.

[elmagsound]

I have 2740 shares
let me know if I need to do anything

Thank You

[virtualspade]

Hello everyone,

Sorry for the delay, Wednesday I'm getting the final instructions and details how you all should contact the lawyer and what information he will need, in the meantime you can get ready to send him the following information:

- personal data + scan/photo of ID document;
- time of Labcoin share buy, number of shares bought, amount of BTC payed, current amount of Labcoin shares held.

You should all have got a email ( to the email address you used to register at BTC-TC ) from Burneside with your API key's and instructions how to use it to download your trading history from btct.co.

Thank you Duffer1 for contacting Burneside and getting him to send that email to everyone.

From the https://btct.co/csv/trades?key=[API key] ( replace [API key] with your API key from the email ) link you can download your information about how many shares you traded and then calculate from that how much you invested/lost in Laboin on that Virtual Stock Exchange.

On Cryptostocks you will find your Labcoin trading history under Account > Legend page.

So if you can sum up/calculate how much BTC you used to buy Labcoin stock, how much you got back when selling it, and how many shares you are still holding, and have that information ready when the lawyer gives me the final update how to proceed, that would be great.

And about the final amount of BTC needed to pay for the rest of the invoice, with todays price of Bitcoin it would be about 3.6 BTC, and there is currently 0.22 BTC in the Labcoin complaint address, so about 3.4 BTC is still needed. But we all know how volatile the BTC price is so just keep you donations ready, and lets look at the final amount closer, when it's time to pay the rest of the invoice when we are submitting the complaint to the authorities.

[virtualspade]

Dear Virtualspade,

Thanks you very much.You do a good job.I have lost the major bitcoin in this  Labcoin fraud.
If I can take some bitcoin back.I will send you at least 5% with my thankfulness.

Best Regards
Chao

I also lost all my BTC that I had to Labcoin, never going all in anything again, and I'm not investing in any more securities, before there is some sort of community founded system, that verifies the company's to be legit that is issuing the shares. And even with such a system there is some risk, just look at Active Miner and how much of the peoples BTC they are holding, and not giving anyone the chance to sell their shares. I guess there will soon be a Active Miner Lawsuit thread started, I'm just happy I sold my shares before Bitfunder closed down, so I don't need to get involved in that mess also.

CHAO, thank you for your offer to send me 5% if we get some BTC back, I hope the guilty people in this fraud will realize that they will get much less prison time if they come clean now, and pay back the stolen money before the authorities find them guilty. Sam PM me if you are interested in a plea bargain before it is to late.

But one thing is sure they have ruined their lives by committing this fraud, and for that they will pay for the rest of their lives. We know who you are and we are not going to stop before you have paid for your crime.

[kingfzero]

Dear Virtualspade,

Thank you very much.
I think you didn't leave the layer's E-mail address.
So how can we send Information to him ?

Best Regards

[abuelau]

Dear Virtualspade,

Thanks you very much.You do a good job.I have lost the major bitcoin in this  Labcoin fraud.
If I can take some bitcoin back.I will send you at least 5% with my thankfulness.

Best Regards
Chao

I also lost all my BTC that I had to Labcoin, never going all in anything again, and I'm not investing in any more securities, before there is some sort of community founded system, that verifies the company's to be legit that is issuing the shares. And even with such a system there is some risk, just look at Active Miner and how much of the peoples BTC they are holding, and not giving anyone the chance to sell their shares. I guess there will soon be a Active Miner Lawsuit thread started, I'm just happy I sold my shares before Bitfunder closed down, so I don't need to get involved in that mess also.

CHAO, thank you for your offer to send me 5% if we get some BTC back, I hope the guilty people in this fraud will realize that they will get much less prison time if they come clean now, and pay back the stolen money before the authorities find them guilty. Sam PM me if you are interested in a plea bargain before it is to late.

But one thing is sure they have ruined their lives by committing this fraud, and for that they will pay for the rest of their lives. We know who you are and we are not going to stop before you have paid for your crime.

I like this idea. I will also send 5% of anything I get back to you virtualspade! I also lost almost all the BTC I had in this scam.

[E.Sam]

Hello everyone,

Sorry for the delay, Wednesday I'm getting the final instructions and details how you all should contact the lawyer and what information he will need, in the meantime you can get ready to send him the following information:

- personal data + scan/photo of ID document;
- time of Labcoin share buy, number of shares bought, amount of BTC payed, current amount of Labcoin shares held.

You should all have got a email ( to the email address you used to register at BTC-TC ) from Burneside with your API key's and instructions how to use it to download your trading history from btct.co.

Thank you Duffer1 for contacting Burneside and getting him to send that email to everyone.

From the https://btct.co/csv/trades?key=[API key] ( replace [API key] with your API key from the email ) link you can download your information about how many shares you traded and then calculate from that how much you invested/lost in Laboin on that Virtual Stock Exchange.

On Cryptostocks you will find your Labcoin trading history under Account > Legend page.

So if you can sum up/calculate how much BTC you used to buy Labcoin stock, how much you got back when selling it, and how many shares you are still holding, and have that information ready when the lawyer gives me the final update how to proceed, that would be great.

And about the final amount of BTC needed to pay for the rest of the invoice, with todays price of Bitcoin it would be about 3.6 BTC, and there is currently 0.22 BTC in the Labcoin complaint address, so about 3.4 BTC is still needed. But we all know how volatile the BTC price is so just keep you donations ready, and lets look at the final amount closer, when it's time to pay the rest of the invoice when we are submitting the complaint to the authorities.

I think I speak for everyone when I say thank you for your work and involvement in this.
I m sending a modest contribution, all that I have left (bit less then 0.1 BTC). I m sorry I have no more to send, but if needed I will buy some.

[bitcoiner49er]

Dear Virtualspade,

Thank you very much.
I think you didn't leave the layer's E-mail address.
So how can we send Information to him ?

Best Regards

V.Spade said:

So if you can sum up/calculate how much BTC you used to buy Labcoin stock, how much you got back when selling it, and how many shares you are still holding, and have that information ready when the lawyer gives me the final update how to proceed, that would be great.

[kingfzero]

Dear Virtualspade,

Thank you very much.
I think you didn't leave the layer's E-mail address.
So how can we send Information to him ?

Best Regards

V.Spade said:

So if you can sum up/calculate how much BTC you used to buy Labcoin stock, how much you got back when selling it, and how many shares you are still holding, and have that information ready when the lawyer gives me the final update how to proceed, that would be great.

Thank you very much to notice me about this information.My Engilsh is not so well,and now I understand.

[Duffer1]

Thank you Duffer1 for contacting Burneside and getting him to send that email to everyone.

Oh that wasn't me.  I was just following the btc-tc thread when he happened to post about it.

How to use your API key:

Thanks for making the CSV API available post-mortem, Burnside!  

For those that are looking to use it - it's really easy, just insert the API key that Burnside emailed us last night and a CSV file will download itself to your browser:

Your personal portfolio   https://btct.co/csv/portfolio?key=[API key]
Your complete trade history   https://btct.co/csv/trades?key=[API key]
Your complete dividend history   https://btct.co/csv/dividends?key=[API key]
Your complete deposit history   https://btct.co/csv/deposits?key=[API key]
Your complete withdrawal history   https://btct.co/csv/withdrawals?key=[API key]

for getting records/history of Labcoin from BTC.TC, click link above and then paste your API that you received in email after the equals "="
 
eg. for trade history should look like below:
https://btct.co/csv/trades?key=xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

[finlof]

not-so-proud holder of 1687 shares, so I'll be watching this thread and joining the lawsuit.  I will also contribute should we get anything back.  thanks for heading this up

[virtualspade]

Hello everyone,

60 PM's sent now, I hit my 60 PM/h limit and will be sending 60 more in one hour, and then the rest in 2h. If you have joined the complaint and don't receive a PM from me within 6h please contact me via PM.

I forgot to mention in the 60 first messages that the trading history from cryptostocks also needs to be included, and the calculation of the total amount of lost BTC should include the trades/dividends from that site also, you can make a cryptostocks.txt file from the information on the Legend page an attach that in the email to the lawyer.

And thank you everyone for your support and your offer to donate 5% of anything we get back to me, I also like to mention that some of the the LCSH members have put much work in to this case also, so some credit should go to them also.
 

[virtualspade]

Ok, PM sent to everyone on my list. If you joined the complaint and didn't receive a message from me, please PM me.

[Omega2513]

What if we never traded on Cryptostock? I just used Havelock myself

[helloge]

thanks for virtualspade's job.
one more:
have anyone met the layer in Italian? just curiousness.
I remembered somebody like to meet him in person, how is going about that? or am I missing something?

[GTR_JOEY]

More than happy to hand over 5% mate, your doing a great job!!

Much appreciated

[kololo]

Thanks for your doing. virtualspade, you are a great guy. 

[prophecynine]

I also have a few shares through havelock. guess I should have done some more research... 

1000 shares @
0.00005622  btc per

[Omega2513]

I also have a few shares through havelock. guess I should have done some more research... 

I just sent the Havelock CSV with all the info.

[Revoleixel]

More than happy to send 5% your way for the work you have done.

Also just sent an email to the lawyer and now ill just wait and see what happens.

[junsha]

Thanks virtualspade very much!
I also agree with the 5% thing.

And may I suggest, if we can take back any BTC, we also give a certain percentage to the lawyer. for example 10%- even 20%.

Since if we can not take back the BTC, we will lose it forever anyway.
Why not give the lawyer enough incentive, let him work hard to fight for it?

And I believe that we don't have enough to pay for the lawyer now,
so with the BTC price high now, giving him a pie ahead maybe a good way.

What percentage is appropriate should be discussed here.

[CHAO]

Thanks virtualspade very much!
I also agree with the 5% thing.

And may I suggest, if we can take back any BTC, we also give a certain percentage to the lawyer. for example 10%- even 20%.

Since if we can not take back the BTC, we will lose it forever anyway.
Why not give the lawyer enough incentive, let him work hard to fight for it?

And I believe that we don't have enough to pay for the lawyer now,
so with the BTC price high now, giving him a pie ahead maybe a good way.

What percentage is appropriate should be discussed here.

I agree to give 10%  percentage to the lawyer.

[abuelau]

Thanks virtualspade very much!
I also agree with the 5% thing.

And may I suggest, if we can take back any BTC, we also give a certain percentage to the lawyer. for example 10%- even 20%.

Since if we can not take back the BTC, we will lose it forever anyway.
Why not give the lawyer enough incentive, let him work hard to fight for it?

And I believe that we don't have enough to pay for the lawyer now,
so with the BTC price high now, giving him a pie ahead maybe a good way.

What percentage is appropriate should be discussed here.

I agree to give 10%  percentage to the lawyer.

I also agree with 10%

[E.Sam]

I m not sure that it would actually make much difference (if I remember correctly, this has been previously discussed).
From what I understood: The lawyer built the case and he's going to hand it over to the italian department of justice. They will then decide on the course of action (we could give 10% to the judge, but I m afraid this is not entirely legal).
What is needed for now is getting the remaining 3-4 BTC for his fees (the lawyer that is).
I think the eventual problem will be to actually locate the perpetrator (if someone is found guilty of fraud), arrest him and bring him to court. We can either count on the italian police force, interpol, the hosting country authorities etc... or get a bounty hunter (from what I have googled, I believe fees are around 10%).
Not saying this is the way to go, but I believe that would be a wiser way to spend 700 BTCs (1/2 M $).
Just my 2 cents.

[superduh]

fabrizio and alberto and alessia having too much fun at the expense of others. by the looks of it seems police haven't talked to them yet. this notification to police is taking too long  
submit the damn complaint already and then a week later the more detailed information - it can always trickle in. police need investigate TODAY to arrest someone TODAY not TOMORROW - does noone realize this?

[SebastianJu]

The police cant start without infos. And without victims they cant start either. Or do you think you tell them Money was stolen from someone, please investigate, we will tell you later who are the victims and what they lost in detail.

I hope some big shareholders will donate. I mean im not the only one who lost big. I already donated alot.

[superduh]

The police cant start without infos. And without victims they cant start either. Or do you think you tell them Money was stolen from someone, please investigate, we will tell you later who are the victims and what they lost in detail.

I hope some big shareholders will donate. I mean im not the only one who lost big. I already donated alot.

no, all they NEED is one victim with evidence to START. you can give them more names as people join. all the evidence will be the same regardless of how many victims contact police. it's public knowledge how much money was stolen. i'm saying that the sooner this starts the BETTER. waiting longer to get a few more names etc isn't worth the wait. alberto, fab, and alessia need to be questioned and possibly arrested today not tomorrow. justice will be served but the longer the wait the smaller chance of any recovery of funds at all.

[SebastianJu]

The police cant start without infos. And without victims they cant start either. Or do you think you tell them Money was stolen from someone, please investigate, we will tell you later who are the victims and what they lost in detail.

I hope some big shareholders will donate. I mean im not the only one who lost big. I already donated alot.

no, all they NEED is one victim with evidence to START. you can give them more names as people join. all the evidence will be the same regardless of how many victims contact police. it's public knowledge how much money was stolen. i'm saying that the sooner this starts the BETTER. waiting longer to get a few more names etc isn't worth the wait. alberto, fab, and alessia need to be questioned and possibly arrested today not tomorrow. justice will be served but the longer the wait the smaller chance of any recovery of funds at all.

Thats right then... i would have liked it more when the lawyer would have taken the case more serious too. I mean he gets no small money for it.

[finlof]

anyone here already sent their info to the lawyer?  want to make sure i'm not the only one sending sensitive documents (copy of passport) to a person i've never met...

[bitcoiner49er]

anyone here already sent their info to the lawyer?  want to make sure i'm not the only one sending sensitive documents (copy of passport) to a person i've never met...

Sent 

[SebastianJu]

I sent...

[AtlasONo]

Sent

[E.Sam]

Sent as well.

[elmwar]

I'm new to the forum and just came across this.  As a labcoin investor from IPO, I'd like to join the complaint if possible.  Was only recently able to send Virtualspade a PM.  Hopefully it's not too late for me.  But the more important thing is getting justice and preventing these types of things from happening again.  Does anyone know of a group or organization addressing investment fraud in the bitcoin world?  What exactly are exchanges doing to verify companies?  I understand there are warnings posted and risk is understood, but are the exchanges doing anything to check before listing an IPO?

[TsuyokuNaritai]

anyone here already sent their info to the lawyer?  want to make sure i'm not the only one sending sensitive documents (copy of passport) to a person i've never met...

Sent  

Has anyone checked them out at all?

I did a quick amateurish check - it really is the National Bar Council's website, the email there matches the one in Virtualspade's message (I was a little concerned there were only 2 Google hits for the work email we were given, & it doesn't match the one on their web page, but that's probably just to prevent spam) that entry is the only one with that name showing up in a search for Brescia, and that Brescia, the name, address etc. match that on the lawyer's web page, which has enough links to it to look legit, and their address looks on google maps like there would be a real law firm there. But I was hoping at least one other person would check them out a little before sending their passport and trading history...

[finlof]

sent

[dbooga]

I am also hesitant with giving my personal ID documents to someone I don't know. Is there any more information on this lawyer so that I can decide whether I can trust this or not? I'm just being cautious.

[chaostheorist]

Sent!

So obviously there are a lot of people not trusting VirtualSpade and his due diligence. If you're afraid to send documents needed to a lawyer for a lawsuit and potential to recover BTCs back then why in the hell are you willing to spend BTC on a company you knew nothing about. (I'm sure most people here will lie and say I did my background check on this company and they were legit) Obviously not since from the get go everyone would have looked into Fabrizio and his past negligences. I for one didn't I just bought IPO and was looking for some quick BTCs. It bit me in the ass but it was something I was willing to lose. VS obviously went way out of his way to get the ball rolling when others would not. He may not be in the same country as the lawyer but I'm sure he still verified this guy and we already sent him how much more BTC people donated. If he was going to run (the Lawyer) he could have already done that with a decent amount of BTCs for free.

Sorry for the rant I'm tired of reading comments of people complaining on here when they all want action taken against these people but now they're afraid to send a document of a passport or ID.

[lzr1900]

sent.hope we can punish alberto through justice

[dbooga]

Well I guess I have nothing to lose so, sent!

[FinnTheHuman]

Just wanted to voice my support for everything said here.  Would gladly give 5/10 percent to VS and the legal team.  I lost my shirt in this debacle too.  Does anyone know how much is still needed for lawyer fees, I would like to contribute. 

@VirtualSpade - I PM'd you earlier today about joining the complaint, please get back to me at your earliest convenience.

[E.Sam]

Just wanted to voice my support for everything said here.  Would gladly give 5/10 percent to VS and the legal team.  I lost my shirt in this debacle too.  Does anyone know how much is still needed for lawyer fees, I would like to contribute.  

@VirtualSpade - I PM'd you earlier today about joining the complaint, please get back to me at your earliest convenience.

Here is the address: https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

If I remember correctly, we need to get 7 - 7.5 BTC to cover the costs. So another 3 - 3.5 BTC is needed.

[MilkyLep]

Does anyone else find it strange that the past 3-4 posters support sending in your very personal information and only have >10 posts...

I'm still weighing the consequences over here...

[dbooga]

Does anyone else find it strange that the past 3-4 posters support sending in your very personal information and only have >10 posts...

I'm still weighing the consequences over here...

For my personal ID I scanned my license but blacked out my address, birthday, and signature just as a precaution. It's up to you i guess but for me, since I don't have anything left, I sent mine.

[CHAO]

Sent.Hope everything is ok.

[helloge]

Does anyone else find it strange that the past 3-4 posters support sending in your very personal information and only have >10 posts...

I'm still weighing the consequences over here...

yeah,I also wonder about that, can somebody in Italy have a check out about the lawer, though I really appreciate for the work of visualspade.

[merv77]

Does anyone else find it strange that the past 3-4 posters support sending in your very personal information and only have >10 posts...

I'm still weighing the consequences over here...

yeah,I also wonder about that, can somebody in Italy have a check out about the lawer, though I really appreciate for the work of visualspade.

jimmy3dita from Italy said he'd volunteer to visit lawyer. 

Maybe he could submit his Labcoin information personally and give us an update

 

[helloge]

Does anyone else find it strange that the past 3-4 posters support sending in your very personal information and only have >10 posts...

I'm still weighing the consequences over here...

yeah,I also wonder about that, can somebody in Italy have a check out about the lawer, though I really appreciate for the work of visualspade.

jimmy3dita from Italy said he'd volunteer to visit lawyer. 

Maybe he could submit his Labcoin information personally and give us an update

 

thanks, waiting for jimmy3dita's update. but it has been a while since he posted his last update here.  I will pm him about this.

[jimmy3dita]

Hi guys,
I'm still up to this! I already know the lawyer, I met him at the end of November during the first "official" Italian Bitcoin meeting. He's also the official lawyer of the Italian Bitcoin Association and he did a great job with all the "paperwork" needed to start the association in Italy (we got so much bureaucracy here, it's pure madness).

He already got my information, the missing part is about Labcoin: I have to resume everything and with the closure of Btct it's quite a mess (I have to track down the trading emails, the Bitcoin exchange value, etc).

He's also "lurking" on the forum, honestly I can't think anyone better than him for this task.

[lzr1900]

Hi guys,
I'm still up to this! I already know the lawyer, I met him at the end of November during the first "official" Italian Bitcoin meeting. He's also the official lawyer of the Italian Bitcoin Association and he did a great job with all the "paperwork" needed to start the association in Italy (we got so much bureaucracy here, it's pure madness).

He already got my information, the missing part is about Labcoin: I have to resume everything and with the closure of Btct it's quite a mess (I have to track down the trading emails, the Bitcoin exchange value, etc).

He's also "lurking" on the forum, honestly I can't think anyone better than him for this task.

wow!!thanks for your updata.
that sounds wonderful!

[helloge]

Hi guys,
I'm still up to this! I already know the lawyer, I met him at the end of November during the first "official" Italian Bitcoin meeting. He's also the official lawyer of the Italian Bitcoin Association and he did a great job with all the "paperwork" needed to start the association in Italy (we got so much bureaucracy here, it's pure madness).

He already got my information, the missing part is about Labcoin: I have to resume everything and with the closure of Btct it's quite a mess (I have to track down the trading emails, the Bitcoin exchange value, etc).

He's also "lurking" on the forum, honestly I can't think anyone better than him for this task.

thanks for the information!

[E.Sam]

Hi guys,
I'm still up to this! I already know the lawyer, I met him at the end of November during the first "official" Italian Bitcoin meeting. He's also the official lawyer of the Italian Bitcoin Association and he did a great job with all the "paperwork" needed to start the association in Italy (we got so much bureaucracy here, it's pure madness).

He already got my information, the missing part is about Labcoin: I have to resume everything and with the closure of Btct it's quite a mess (I have to track down the trading emails, the Bitcoin exchange value, etc).

He's also "lurking" on the forum, honestly I can't think anyone better than him for this task.

Hey Jimmy, Burnside should have sent you your API to you registered BTCT mail. From there you just download CVS files, open them in Excel and add some formulas. Very quick.

Thanks for making the CSV API available post-mortem, Burnside! 

For those that are looking to use it - it's really easy, just insert the API key that Burnside emailed us last night and a CSV file will download itself to your browser:

Your personal portfolio   https://btct.co/csv/portfolio?key=[API key]
Your complete trade history   https://btct.co/csv/trades?key=[API key]
Your complete dividend history   https://btct.co/csv/dividends?key=[API key]
Your complete deposit history   https://btct.co/csv/deposits?key=[API key]
Your complete withdrawal history   https://btct.co/csv/withdrawals?key=[API key]

For Cryptostocks, Kumala made it more complicated as your account only shows the last 50 transactions. Had to go through mails and manually enter the infos for the remaining trades/dividends.
Maybe you can have access to your full history via API, didn't try it out.

[pbbhopp]

I sent. Let's be JUSTICE 

[SebastianJu]

Hi guys,
I'm still up to this! I already know the lawyer, I met him at the end of November during the first "official" Italian Bitcoin meeting. He's also the official lawyer of the Italian Bitcoin Association and he did a great job with all the "paperwork" needed to start the association in Italy (we got so much bureaucracy here, it's pure madness).

He already got my information, the missing part is about Labcoin: I have to resume everything and with the closure of Btct it's quite a mess (I have to track down the trading emails, the Bitcoin exchange value, etc).

He's also "lurking" on the forum, honestly I can't think anyone better than him for this task.

Like E.Sam wrote... you should be able to download the trading csv. And why bother with exchange rates? You lost bitcoins and bitcoins are the thing you need back.

[HauntingShade]

Hey guys,

Well I was stupid to trust anything about Alberto Armandi. I've been extensively talking with him in the past (starting Skype chat date: 5 September 2012, last conversation at 11th July 2013). I tried to contact him at 26th July 2013, 27th July 2013 and the first of October 2013 but had no reply anymore.

I just thought of this guy again and noticed he wasn't online. So I did a Google search on "Labcoin" and there we go... first results are about "scam".

I didn't send him any money. I have always been skeptical about him "solving his scammer tag", though in the beginning I believed he was legit. I'd like to pay my 'debt' (which is how this feels for me) in the form of help. I have information such as:

[9-1-2013 12:56:24] Alberto Armandi: i think i'm down about 8000 btc or something around that, i'm working out a new gaming website for someone, finishing a trading platform for a customer, another project not related to bitcoin
[9-1-2013 12:56:39] Alberto Armandi: i expect to earn 200k eur in the next 6 months
[9-1-2013 12:56:52] Alberto Armandi: at least, worst outcome

[4-7-2013 1:38:05] me: how's your FPGA LTC miners working out ?
[4-7-2013 1:38:17] Alberto Armandi: totally abandoned
[4-7-2013 1:38:28] Alberto Armandi: i'm on something much better
[4-7-2013 1:38:31] Alberto Armandi: remember those ASIC ?
[4-7-2013 1:38:41] Alberto Armandi: we're just a step away from getting the chips ready
[4-7-2013 1:39:07] Alberto Armandi: obviously, this is confidential information coming from me, so please refrain to make it pubilc whatsoever

[4-7-2013 1:45:19] Alberto Armandi: i got an offshore account in HK handy
[4-7-2013 1:45:21] Alberto Armandi: if you need it

[4-7-2013 1:48:02] Alberto Armandi: so i'm working 'round the clock
[4-7-2013 1:48:12] Alberto Armandi: i hired a team of people
[4-7-2013 1:48:15] Alberto Armandi: to work on a new design..
[4-7-2013 1:48:23] Alberto Armandi: man, don't you remember labcoin.com ?
[4-7-2013 1:48:31] Alberto Armandi: check it out
[4-7-2013 1:48:50] Alberto Armandi: obviously, on the forum, i'm operating with the company name, and shilling mine
[4-7-2013 1:49:01] Alberto Armandi: nah click on learn more
[4-7-2013 1:49:20] Alberto Armandi: (i'm forced to do this, otherwise the project would be dead in the water right away )
[4-7-2013 1:49:31] Alberto Armandi: so i've asked the help of my girlfriend brother
[4-7-2013 1:49:49] Alberto Armandi: man, i'm giving you really sensitive info about the project
[4-7-2013 1:50:15] Alberto Armandi: iTec-Pro Limited is owned by my soon to be wife gf
[4-7-2013 1:50:30] Alberto Armandi: we have a director, nominee director

[10-7-2013 20:38:53] Alberto Armandi: i'm just at the south-west of sardinia
[10-7-2013 20:39:01] Alberto Armandi: probably the most civilized area
[10-7-2013 20:39:26] Alberto Armandi: going north, there's a deserted area, but it isn't really a desert
[10-7-2013 20:39:44] Alberto Armandi: it's full of mountains in between

[11-7-2013 20:57:11] labcoin  team: i live with her
[11-7-2013 20:57:21] labcoin  team: as i told you right ? but i'm free this and the next week prolly
[11-7-2013 20:57:32] labcoin  team: i mean, she's not here now
[11-7-2013 20:59:44] labcoin  team: you asked if i was gay
[11-7-2013 20:59:51] labcoin  team: the other day ahahhhah
[11-7-2013 20:59:54] labcoin  team: i found it very funny
[11-7-2013 21:00:24] labcoin  team: i'm 30 years old soon, and about to marry probably next year

I think most of this is already known, though there might be some other useful information in my conversation with him (I have his gmail email address if this wasn't already known?). Please let me know what you need. I will not post or share the full logs since there's personal information about me in them...   (unless a judge needs this in court)

Regards,
HauntingShade (moderator on Litecointalk.org)

[virtualspade]

Hello everyone,

Sorry that I haven't been more active here the last day's, I have been very busy with other thing's. I still have some thing's to take care of today and in 6-7 h  I'll be putting my full attention to this case again.

Also I like to mention that handling legal issues is not some ting I have done before, my expertise is being a sys admin, construction work, and electrician.
So I apologize if I'm not handling this case perfectly, I only started this thread because some one needed to do it, and no one else was doing it. It's a good thing I'm a quick learner , next case will be much easier, and handled more professionally.

Ok, I'll try to break down the issues in the last posts now,

About the time table for the submission of the complaint,

When I started to communicate with the lawyer, he told me he was very busy setting up the Italian Bitcoin foundation and that we were looking at submitting the complaint mid January, there has been a slight delay now. I'm sure thats because last years xmas holidays and new year holiday. I tried to take care of some business those two weeks, but found it impossible as all companies, official offices and banks were almost closed for those two weeks. And I'm sure the lawyer was not working during those holidays.

About the issue of trust in sending personal information to the lawyer,

I understand the issue of sending personal information to some one you don't know, I should have handled the issue better, I knew like SebastianJu and the rest of the LCSH that the lawyer was working for the Italian Bitcoin foundation, and that we had checked his credentials in the best way we could do without actually going to Italy to meet him. Also I knew that jimmy3dita had met him and he gave a good impression about him. I was going to ask jimmy3dita to confirm this now when the issue was brought up, but he did that before I could ask him, thank you for doing that.

I should have given more information about the lawyer before asking you to send him your information.

About the remaining amount of needed donations,

The remaining amount of the invoice I have is about 2200€, we payed 2853,80€ of the invoice with the first round of donations, the compliant will be submitted next week to the authorities, and then it will be time to pay the rest. If Bitcoin will hold it's current price level that would mean we still need 3.57 BTC (bitcoin.de price), we have currently have 0.415 in the donations wallet, so about 3.15 BTC is still needed.

The dead line for sending your information to the lawyer is Friday 24.01 2014 09.00 GMT

And finally a email I receive from the lawyer today, some parts edited out:

Hallo,

I received a lot of e-mails from people hurt by Labcoin.

Friday I'll met with the criminal lawyer to add to the draft all the data transmitted by the people.

Someone sent incomplete information or no personal data at all, but just the nicknames an trading history. These people will not be put into the complaint.

Anyway, currently we are good to go with the numbers.

I think it will be a good idea to put a deadline at Friday for joining the complaint.

Next week I'll try to arrange a meeting with police officers and then I'll submit the complaint.

Sincerely



Thank you HauntingShade for your information regarding Alberto, I will contact you later today.

So any and all question you still have, I will try to answer later today when I have more time to work on the case.

Thank you for your support,

virtualspade

 

[HauntingShade]

Thank you HauntingShade for your information regarding Alberto, I will contact you later today.

No problem, I'll hear from you!

[pbbhopp]

Someone sent incomplete information or no personal data at all, but just the nicknames an trading history. These people will not be put into the complaint.

I hide my ID Number, my 4 last digits of Personal No from my IDENTITY CARD. Is this is a problem ?
Maybe I need to ask the lawyer...

Here is the answer: date of birth, place of birth and ID card to prove this. Not any Id numbers, personal numbers.

[E.Sam]

Did anyone else received a confirmation from Riccardo? I explicitly asked for one in my first mail, but didn't get  any answer.
It would be nice to know that all sent documents were delivered and in order before Friday's deadline.

[SebastianJu]

Did anyone else received a confirmation from Riccardo? I explicitly asked for one in my first mail, but didn't get  any answer.
It would be nice to know that all sent documents were delivered and in order before Friday's deadline.

I enabled MDN and DSN on both addresses i sent the email to. I got a positive answer for both DSN and a positive answer for the real lawyers email via MDN. So i know he read it at least.

I think if youre included you should get some sort of paper to sign at some point. I guess a lawyer wont misuse an ID.

[SebastianJu]

I sent another 0.8389BTC so i donated a total of 2BTC now. Please guys donate the remaining 2.315BTC to get to the total 7.27BTC the lawyer needs. There are only a couple workdays till next week anymore and im sure many others lost not a few bitcoins only with labcoin too.
It would be great if this runs without further delays.

[pbbhopp]

Did anyone else received a confirmation from Riccardo? I explicitly asked for one in my first mail, but didn't get  any answer.
It would be nice to know that all sent documents were delivered and in order before Friday's deadline.

Yes, I have confirmation from the lawyer via e-mail. Try to write him again.

[E.Sam]

Did anyone else received a confirmation from Riccardo? I explicitly asked for one in my first mail, but didn't get  any answer.
It would be nice to know that all sent documents were delivered and in order before Friday's deadline.

Yes, I have confirmation from the lawyer via e-mail. Try to write him again.

Just got one as well.

[E.Sam]

I sent another 0.8389BTC so i donated a total of 2BTC now. Please guys donate the remaining 2.315BTC to get to the total 7.27BTC the lawyer needs. There are only a couple workdays till next week anymore and im sure many others lost not a few bitcoins only with labcoin too.
It would be great if this runs without further delays.

Thanks SebastianJu.
Please everyone who hasn't yet donated, now would be the moment. If 24 shareholders give 0.1 btc, we're there.

[JWU90]

I haven't received confirmation yet, just sent him a e-mail to see.

[canth]

Information sent to the lawyer. VirtualSpade, you've definitely got 5% of whatever we can get returned - you've earned it.

I'll kick in another .3 BTC for the lawsuit. Here's the address for anyone else that needs it: https://bitcointalk.org/index.php?topic=325431.msg3795590#msg3795590

(Edited)

[abuelau]

Also sent info to the lawyer and donated 0.1 BTC to the address. Many thanks!

[finlof]

0.1 sent

b0042745f0656ddc7d10d60485b03c3b29ef86d03d5d836deed1737fe32d5537

[CHAO]

I haven't received a confirm from the lawyer.Now I only have a little BITCOIN.I have sent 0.118 to 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT  .If I can take the money back.I agree to pay 10% to lawyer and 5% to Virtualspade .

[small_woods]

0.05 sent.

[merv77]

documents and ID sent to Lawyer today.

I have sent my 'trade', 'withdrawals', 'deposits', 'portfolio', 'dividends' xls files from BTC-TC and also sent PDF file of Cryptostocks 'legend' page that shows 'transactions' and amount of Labcoin shares owned.

if there is anything else that anyone knows of that lawyer requires please post.

Thanks

edit. received confirmation receipt form lawyers email address
edit2. sent 0.13 BTC to 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT
view balance of lawsuit fund: https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[abuelau]

Also sent info to the lawyer and donated 0.1 BTC to the address. Many thanks!

I have not received confirmation from the lawyer yet. Sent another email 2 days ago, but still nothing from him.

[kingfzero]

Also sent info to the lawyer and donated 0.1 BTC to the address. Many thanks!

I have not received confirmation from the lawyer yet. Sent another email 2 days ago, but still nothing from him.

SO AM I.

[TsuyokuNaritai]

Also sent info to the lawyer and donated 0.1 BTC to the address. Many thanks!

I have not received confirmation from the lawyer yet. Sent another email 2 days ago, but still nothing from him.

SO AM I.

Me too. Confirmation was requested. Email only sent about a day ago, but someone commented they had a confirmation for an email sent this morning. Hope there isn't a firewall problem with some attachment filetypes.

[merv77]

I got receipt (not a reply) from the 'riccardo' email, not the gmail address

receipt needs to be enabled/ticked in option settings of email message before sending, and when he receives email he clicks send receipt.  This is what I received.

[virtualspade]

Hello everyone,

Thank you for your donations , I also sent 0.1 BTC to the donations address.

I talked to the lawyer about the confirmations for your emails, and the incomplete information that some people sent. He suggested to post the email addresses of everyone who sent him mail, but I thought it would be better to handle it personally. So i asked him if he could send confirmations to everyone, here is his reply:

--------------

Hallo,

It's more than 70 people and counting.

I will try to handle it manually then.

At the beginning of next week I will write to anybody who contacted me confirming the receipt of the data and asking for the missing pieces of information to those who made an incomplete submission.


--------------

I'll make a post when the lawyer has sent all the confirmation emails next week, and if you didn't get a email from him by then, PM me and we will figure out what went wrong.

[Revoleixel]

0.1 Btc sent.

[merv77]

received email confirmation from lawyer today

Dear Labcoin shareholder,

You're receiving this communication due to your request of joining the criminal complaint before Italian authorities.

The data you submitted to this email adress are complete.

Your position will therefore be inserted into the criminal complaint.

Best regards

Riccardo Xxxxxx

BTW, we still need 1.2 BTC to make up the 3.5 BTC (if correct) that's required to complete payment to lawyer

payment address for lawsuit to pay lawyer: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

if visualspade could confirm and let us know when due date for payment is required.

[virtualspade]

Hello everyone,

About the confirmation emails, got this from the lawyer:

We are sorting trough all the submissions: we have 74 complainants: 48 submitted all the requested infos; 26 submitted incomplete infos. I'm putting in some extra hours today and I hope to write to them all tonight.

The lawyer will contact me on Monday when he has sent everyone confirmation emails.

BTW, we still need 1.2 BTC to make up the 3.5 BTC (if correct) that's required to complete payment to lawyer

payment address for lawsuit to pay lawyer: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

if visualspade could confirm and let us know when due date for payment is required.

The remaining amount 2221.40€ (current bitcoin.de price 592.01€ = 3.7523 BTC), needs to be payed before the lawyer submits the complaint next week.

The exact amount may change a little bit if the price of Bitcoin goes up or down.

[canth]

FYI, I got a confirmation email from the lawyer stating that my info was complete.

[SebastianJu]

Hello everyone,

About the confirmation emails, got this from the lawyer:

We are sorting trough all the submissions: we have 74 complainants: 48 submitted all the requested infos; 26 submitted incomplete infos. I'm putting in some extra hours today and I hope to write to them all tonight.

The lawyer will contact me on Monday when he has sent everyone confirmation emails.

BTW, we still need 1.2 BTC to make up the 3.5 BTC (if correct) that's required to complete payment to lawyer

payment address for lawsuit to pay lawyer: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

if visualspade could confirm and let us know when due date for payment is required.

The remaining amount 2221.40€ (current bitcoin.de price 592.01€ = 3.7523 BTC), needs to be payed before the lawyer submits the complaint next week.

The exact amount may change a little bit if the price of Bitcoin goes up or down.

Not so good news. He doesnt accept Mtgox price isnt it?

[SebastianJu]

FYI, I got a confirmation email from the lawyer stating that my info was complete.

Yes, me too... as promised.

[ThrillHou]

Listen I am late on this and trying to work on this now to submit as a complainant. Please add me to the list .  I need some help as I don't know how to download my info from BTC-TC. I have the email and API from burnside but need to figure out ASAP how to get the trade history so I can calculate my losses. I have the Share # from cryptostocks ready, its the downloading info from BTC-TC which is causing the delay.

 

[ThrillHou]

Will Donate considerable amount of BTC if I can still get in on the case.  Please help. I lost alot and did not see the deadline was yesterday. Trying to get the info from BTC-TC now. Virtualspade, can you PM me about this quick...

[merv77]

For those that are looking to use it - it's really easy, just insert the API key that Burnside emailed us last night and a CSV file will download itself to your browser:

Your personal portfolio   https://btct.co/csv/portfolio?key=[API key]
Your complete trade history   https://btct.co/csv/trades?key=[API key]
Your complete dividend history   https://btct.co/csv/dividends?key=[API key]
Your complete deposit history   https://btct.co/csv/deposits?key=[API key]
Your complete withdrawal history   https://btct.co/csv/withdrawals?key=[API key]

click on one of the links above and then paste your API key that you received in the email to the end after the "=" and hit enter

a "xxxxxxx.csv" file will download to your computer.
do it with all the links above to download 'portfolio', 'trades', 'dividends', 'deposits' and 'withdrawals'.  Total 5 files to download.

then what I done was subtract any Labcoin withdrawals of dividends and/or selling any Labcoin shares from total trades buying Labcoin shares.

eg. I spent 21.16 BTC buying Lacoin shares but later I withdrew the dividends received of 0.16 BTC leaving total 21.0 BTC value lost.  <-- this part I also outline including the amount of shares currently holding in the email to the lawyer.

If you haven't done already, you'll have to contact 'visualspade' to include you in the lawsuit.  then he will reply with lawyer contact details.

[merv77]

The remaining amount 2221.40€ (current bitcoin.de price 592.01€ = 3.7523 BTC), needs to be payed before the lawyer submits the complaint next week.

The exact amount may change a little bit if the price of Bitcoin goes up or down.

3.7523 - 2.3025 = 1.4498 BTC outstanding amount required to complete payment to lawyer

payment address for lawsuit to pay lawyer: 1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[ThrillHou]

When is the deadline-deadline??? Biting my nails, drunk, rushing, trying to do this math- need to scan my ID, working on it now. Big losses. Pls God extend the deadline 24 hours... Working in this now. Will donate BTC. Tell me its not too late

Sorry in advance for drunk panic posts! I did not know the deadline was today

 ?

[Duffer1]

Take a deep breath man, it's the weekend, you're probably fine. 

[grimholt]

When is the deadline-deadline??? Biting my nails, drunk, rushing, trying to do this math- need to scan my ID, working on it now. Big losses. Pls God extend the deadline 24 hours... Working in this now. Will donate BTC. Tell me its not too late

Sorry in advance for drunk panic posts! I did not know the deadline was today

 ?

virtualspade has informed the lawyer that some of us will be submitting our information late, so you should be fine. I know this because I was in the same situation yesterday and panicked a bit. Luckily, however, I was given the above information through a dialog with virtualspade.

Send him a PM saying you want to join the complaint, and he'll send you the instructions on how to submit your information to the lawyer.

[ThrillHou]

Sent VS a PM before I crashed to sleep. It seems things will be cool. Working diligently right now to make my calculations. I hope I am doing this right. I'll be back here to beetch in no time if I can't figure it out. I plan to just delete all the non-labcoin stuff from my excels, then just one subtraction equation : total BTC-DIV paid... If there's a formula someone wants to paste or its harder fl free since we all have the same format for the excel sheets. I guess I feel like I am cheating on my HW a little. Just want to make sure I get the right answers since the "perfect grade" is imperative here.

Alberto we commin for u.  No rest for the wicked.

[HauntingShade]

Hey guys,

I figured out I had two phone numbers from him through his Skype. One has a WhatsApp account linked to it with the Labcoin logo. The last date active was 27-12-2013.
Do you already have these phone numbers?
One is an Italian mobile phone number and the other is a Hong Kong phone number.

Regards,
HauntingShade

[ThrillHou]

Just submitted all my info to the Lawyer! Once I get the confirm I am on board from Lawyer/VS I will send that donation right away

[finlof]

got my confirmation too

[chaostheorist]

got my confirmation and BTC.1 sent to the address.

Edit: confirm c4955bc63bddd2acaec2490576321a270621ca27558f35d0d81f2f82de2afc07 different btc address than in my sig.

[greenboy84]

Haven't gotten a confirm as I just sent my docs to the lawyer but I just contributed to the fund as well.

Transaction id: fbde0174620d3b3187b9818efbfdb0cc43129cd767029902b5c07c02c5688674-000

[pbbhopp]

I got e-mail from the lawyer, sent today.

Dear Labcoin shareholder,

your submission is now complete.

Best regards

Let's be justice 

[Kushedout]

Sent BTC.12

Happy Hunting.

Transaction id: 0ea51d2c1aa9b765126c252ece5ffa70dc5a02c81c20c515b1453b34ac2f732d

[E.Sam]

Sent BTC.12

Happy Hunting.

Transaction id: 0ea51d2c1aa9b765126c252ece5ffa70dc5a02c81c20c515b1453b34ac2f732d

Nice. We're still 0.9 BTC short. There are 43 donations, and knowing that some of you donated more than once, that means that around 1/2 of the complainants didn't make any donations. 

Now is the time, make your country proud, donate your bitcoins.

[merv77]

I got a e-mail from Labcoin yesterday (info@labcoin.com) and told me he will come after me if i continue to harass him. The nerves of Alberto to even reply back with that. It seems like he still checks his labcoin e-mail account.

is this for real

shouldn't it be immediately forwarded to the Lawyer?
aren't emails traceable?

[virtualspade]

Hello everyone,

Wow, that was some update that auto2nr1 got from Sam, it will be forwarded to the lawyer, and then to the police, just to show them what kind of people we are dealing with.

Update from the lawyer:

Now we are ready to go. We spoke with police officers, they agreed on receiving us to explain the content of the complaint.

For the people joining I closed the first round of people. All people who submitted within friday 24 have been taken care of, including people who made an incomplete submission; all those people have received a request for submitting the missing data; all of them but one have sent the missing pieces of information. So now we have you and 65 more complainants with full rounded positions.

During the week end and today we had 14 late complainants. We are reviewing their submissions. I will write to them all tomorrow.

We definitely have to put a stop for late submissions. You decide the day.

OK, so the FINAL deadline to join is 28 Jan 10.00 am GMT, about 12h from now,  after that the lawyer will not take on any more people to the complaint, and then he can finalize it for the police.


A big thank you to everyone who has joined the complaint.

[GTR_JOEY]

Virtualspade, I submitted mine on the very last day of the last deadline

Haven't yet recieved an email of confirmation to say that the lawyer even received my submission, is that normal?

I will email him again today

Cheers

[auto2nr1]

Thank you virtuals for the update. I am submitting all e-mail histories with alberto.armandi@gmail.com, info@labcoin.com and sam.noi@labcoin.com to our lawyer so he can keep that on file. Good to see progress happening.

[ThrillHou]

Our people might get to the bottom of things faster if they start in Carbonia, Italy.

https://i.imgur.com/pWl3uCS.png

Remember when Alberto told you he was going to get married near his home in Sardinia?

Also, maybe we can glean some more info from here to help the case.
http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/


Also, what, if anything do we know about the location/whereabouts/background of the Swede? (Of course Sweden would be a good guess, but we can't assum such things). J/W how was the Swede able to cover his tracks but the others weren't? Just being sloppy?

Do you guys thing Sam  Noi = fake person = Alberto?

With Alberto's past, how come there has never been a lawsuit before? (Possibly, no way to fund it?.... Crazy how BTC made the funding of a suit like this possible)

:-). If we pursue justice we can be proud of the outcome.

[ferskvare]

I just sent my e-mail to the lawyer, but have been busy so missed the 10 am deadline. Hope I am included in the lawsuit as well.

[SaberCoin]

I sent my email 12 days ago to the lawyer, but have not yet received any confirmation. Did something go wrong? The way I understand it is that the lawyer should have responded to our emails?

EDIT: confirmation received from the lawyer. Thank you

[virtualspade]

I sent my email 12 days ago to the lawyer, but have not yet received any confirmation. Did something go wrong? The way I understand it is that the lawyer should have responded to our emails?

Yes the lawyer should have sent a reply to everyone who contacted him last week, all the people who sent the information this week has not yet been replied to by the lawyer.

If you sent your information to the lawyer last week, and didn't get a reply, PM me and we will find out what went wrong. Please add the email address that you sent your information from and the date/time when you sent the message.

[PirateHatForTea]

I only just sent off my information to the lawyer. I have been overseas for work and haven't been paying attention to this stuff. I am shattered if I have missed out completely - I hope that I can be added before the complaint is submitted. I will contribute .4BTC to the legal fund if I can be included. I lost nearly 39BTC to the Labcoin scam.

[nanobrain]

^^^I'm sure lawyer will be taking time to collate all the figures.

Better half sent our details today. 

[nanobrain]

Just received an email from the lawyer (our homework was all filled in correctly so is being included).

Phew

[GTR_JOEY]

What is the amount still owing to the lawyer in btc?

[E.Sam]

The remaining amount 2221.40€ (current bitcoin.de price 592.01€ = 3.7523 BTC), needs to be payed before the lawyer submits the complaint next week.

The exact amount may change a little bit if the price of Bitcoin goes up or down.

0.95 BTC are still needed to get to 3.75 BTC

https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[utens]

Hey guys, I emailed the lawyer, but i still need to give the sxact informations about the transaciton history of the shares.

But I cannot find my Api keys,  where are they supposed to be?   can't find them in my email

[E.Sam]

Hey guys, I emailed the lawyer, but i still need to give the sxact informations about the transaciton history of the shares.

But I cannot find my Api keys,  where are they supposed to be?   can't find them in my email

For BTCT, Burnside must have sent your API to your registered mail address a couple of weeks ago (got mine on the 14/01/14). Maybe you registered with different mail?

[utens]

Email is the same.. no idea why ..mmm

[E.Sam]

Email is the same.. no idea why ..mmm

Email Burnside, he should be able to sort this out for you: ceo[at]btct.co

[virtualspade]

Update about the complaint

The lawyer has sent me the criminal complaint, in the beginning of next week i will go to the local notary office to sign it, the notary will verify my identity and also sign it. After that I will express mail it to the lawyers office.

When the remaining amount of the invoice is payed, he will submit it to the Italian authorities. I will send the BTC to the lawyer immediately, when there is enough funds to cover the remaining amount of the invoice in the wallet.

There is currently 2.80 BTC in the donations wallet, so about 0.94 BTC is still needed to get to the 3.7 BTC target. So to everyone who has not yet donated, now would be a good time to do so.

In case of failure to get the funds with donations, I guess it's up to me to pay the remaining amount of the invoice, after all it is in my name.

I donated 0.12 BTC, and I have put hundred of hours of work in to this case, my economical situation is not very good at the moment, so I would really appreciate your help with this.


About the people who didn't send their information in time, I asked the lawyer about this, here is his answer:

The complaint can be added upon, so new people can join in the future. But for our purpose that doesn't matter a lot, since we are not starting a class action here, but just filing a criminal complaint to Italian authorities for them to investigate and eventually prosecute people behind Labcoin. If a court case will result from investigation, then people could join the case asking for compensation. This maybe should be made clear to the people asking to join, since I feel they have a wrong idea of what we are doing.

I also some times get the feeling that people think this is a class action, that is not the case, this is the first step towards a class action, as I have mentioned Here and Here

For a class action, if there is a court case, we are going to need to hire a lawyer again, and collect all the people's information that wants to ask for compensation.

Thank you for your support,

virtualspade

[nanobrain]

Update about the complaint

The lawyer has sent me the criminal complaint, in the beginning of next week i will go to the local notary office to sign it, the notary will verify my identity and also sign it. After that I will express mail it to the lawyers office.

When the remaining amount of the invoice is payed, he will submit it to the Italian authorities. I will send the BTC to the lawyer immediately, when there is enough funds to cover the remaining amount of the invoice in the wallet.

There is currently 2.80 BTC in the donations wallet, so about 0.94 BTC is still needed to get to the 3.7 BTC target. So to everyone who has not yet donated, now would be a good time to do so.

In case of failure to get the funds with donations, I guess it's up to me to pay the remaining amount of the invoice, after all it is in my name.

I donated 0.12 BTC, and I have put hundred of hours of work in to this case, my economical situation is not very good at the moment, so I would really appreciate your help with this.


About the people who didn't send their information in time, I asked the lawyer about this, here is his answer:

The complaint can be added upon, so new people can join in the future. But for our purpose that doesn't matter a lot, since we are not starting a class action here, but just filing a criminal complaint to Italian authorities for them to investigate and eventually prosecute people behind Labcoin. If a court case will result from investigation, then people could join the case asking for compensation. This maybe should be made clear to the people asking to join, since I feel they have a wrong idea of what we are doing.

I also some times get the feeling that people think this is a class action, that is not the case, this is the first step towards a class action, as I have mentioned Here and Here

For a class action, if there is a court case, we are going to need to hire a lawyer again, and collect all the people's information that wants to ask for compensation.

Thank you for your support,

virtualspade

Thanks of all your hard work VS (I know from my own experience just how time consuming and stressful the process is).  I for one have used the term class action as short hand for this procedure and apologise if that has contributed to confusion.
 
I will make another donation next week.
C'mon everyone chip in.

[jimmy3dita]

Today we got a surprise on the Italian section of the forum:

Io e mio fratello (Fabrizio Tatti) abbiamo parlato già da tempo con gli avvocati che si sono occupati del caso.
Non siamo coinvolti nella faccenda e gradiremmo che queste diffamazioni cessassero.
grazie
Alessia Tatti

Basically she's writing that she and his brother Alberto talked time ago with lawyers (which?) that followed this case, and politely told that they "would be pleased if such statements" (e.g. scammers, thiefs, etc.) cease.

Nice try, I'll bet on the "identity theft final" for this fairy story!

[E.Sam]

In case of failure to get the funds with donations, I guess it's up to me to pay the remaining amount of the invoice, after all it is in my name.

That should be out of the question. I know people lost a lot and are a bit sceptical about spending more to get some of their investment back, but at the end of the day you are not mama Teresa :]

I hate to have to say this as I would much rather see people voluntarily contribute, but if the majority is not willing to make a small donation, then obligatory contribution should be put forward as an option.

We are not asking for some crazy amount here. Has pointed out previously we have around 40 donations, which indicates that less the 1/2 the complainants contributed. If the remaining 40/50 give 0.02, 0.03 BTC (that's 16-24$), then we're good.

[ewibit]

We are not asking for some crazy amount here. Has pointed out previously we have around 40 donations, which indicates that less the 1/2 the complainants contributed. If the remaining 40/50 give 0.02, 0.03 BTC (that's 16-24$), then we're good.

donated again a little I am able to afford
all involved should to be of some help...

[chaostheorist]

Well its official CryptoStocks delisted LBC stocks so lets make sure this lawsuits goes to fruition.

[kiyo]

I've just found this topic. It seems I am bit too late. Is the deadline really end of Jan? I've been trying to forget about labcoin but I just got email notice from Crypt stock and I've found you guys. I have 4000 shares. Is there any plans to organise second round any how???

[nanobrain]

Well its official CryptoStocks delisted LBC stocks so lets make sure this lawsuits goes to fruition.

Just got an email from them too.  I'm completely nonplussed...I mean, they have been trading all this time?  I thought they'd been blacklisted months back.

In the email it seemed to intimate Labcoin will will be in touch...looking forward to that.

[chaostheorist]

Well its official CryptoStocks delisted LBC stocks so lets make sure this lawsuits goes to fruition.

Just got an email from them too.  I'm completely nonplussed...I mean, they have been trading all this time?  I thought they'd been blacklisted months back.

In the email it seemed to intimate Labcoin will will be in touch...looking forward to that.

Yeah I noticed that myself. I'm sure their communication will be lot better now than it was before.

[PirateHatForTea]

How far off are we? I said to the lawyer I would donate .4BTC if I could confirm that I was included in the complaint, but that was before I understood the nature of the case (ie not a class action - more preliminary than I thought). I am happy to send 0.2 though now.

[Duffer1]

How far off are we? I said to the lawyer I would donate .4BTC if I could confirm that I was included in the complaint, but that was before I understood the nature of the case (ie not a class action - more preliminary than I thought). I am happy to send 0.2 though now.

Goal is 3.7.  We need approximately .3444954 to reach it.  https://blockchain.info/address/1PHDaiUMq5u3WTAwmYv7ioNnKfEGYXBtmT

[virtualspade]

Hello everyone,

I went to the notaries office and signed the criminal complaint against Labcoin today, after that I went to the post office and express mailed it to the lawyer, he should receive it on Wednesday or Thursday, he will submit it to the Italian authorities immediately after he receives it.

I have asked the lawyer how the people that want to join the complaint, after it is submitted should proceed.

I have also asked him to specify the exact amount of BTC, that is still needed for the remaining amount of the invoice.

And on behalf of all Labcoin investors, I send out a BIG thank you to all the people who have donated, and helped us come this far, THANK YOU!!! 

[finlof]

Well its official CryptoStocks delisted LBC stocks so lets make sure this lawsuits goes to fruition.

Just got an email from them too.  I'm completely nonplussed...I mean, they have been trading all this time?  I thought they'd been blacklisted months back.

In the email it seemed to intimate Labcoin will will be in touch...looking forward to that.

no they have not been trade-able there (believe me I tried).  they were just still showing as listed in your asset list.

[SaberCoin]

Good job virtualspade!

[quantummine]

0.1BTC donated. Nail 'em Virtualspade!

[virtualspade]

I got mail from the lawyer, the total amount of BTC needed to pay for the rest of the invoice is 3.8 BTC.

I will now send the missing part of the BTC to the donations wallet, and then I will send the 3.8 BTC to the lawyer.

If anyone likes to compensate me for paying the rest of the BTC needed for the criminal complaint, or for all the work I put in to making this happen, then you can send some coins to:

virtualspade's cold beer fund:

BTC:  1PFLjadp8BUXihShfEmhCKugUUfo8SveJy
LTC:   LUTaae2YTkZomPgd2AeqKyNonpe2iTgZ7R
WDC: WQ6hNRmN4cDhF6XmccRN6uruWinLkZd2Aj
EAC:  emS97Z8rn9bUq4jkzTWhQpQPmJojo6uGdV
PHS:  9VhrLFyjP7mjBpSN3eAeihWfDH6mow69hJ
DMD: dQhdTU2q6g1CnESmmF4AGdnrpGJVZHkPYt 
Coye: 5iz6WwTqgxwakJVTqU8k4vqBMp4XTNbZE1
Doge: DHiozbykumGbqVnanE6tTWhvYBzJKFyWJB

Thank you for your support,

virtualspade

[ThrillHou]

Everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

Thanks VS

[GTR_JOEY]

Donated

[chaostheorist]

Everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

Thanks VS

Not really sure what you're saying here? I contributed and doesn't really pertain to me but that sounds almost like a threat of holding BTCs recovered, if any, from people.

[bitcoiner49er]

Everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

Thanks VS

Are you speaking for VS?

[E.Sam]

Everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered  

Thanks VS

Are you speaking for VS?

No, he just says Thanks VS (for his involvement & work I guess).
I m not sure what he means. I have been a strong advocate for donations, and a bit pissed off to see so few, but regardless of ones contribution all will receive their faire share of (if any) salvaged funds. That I m sure of.
Now if this is based on the number of owned shares, or on a % of lost investment, that I m not sure of. I suppose this will depend on what the law specifies in such circumstances.

[virtualspade]

Hello everyone,

The criminal complaint against Labcoin was filed on Friday to the Polizia Postale, so now we just wait for the Police to do their work, a process that I guess will take some time.

I got the submission receipt released by Police from the lawyer, and the lawyer said that "They seemed quite interested to the matter.", so I would say thats some good news.

I will of course keep you all updated about the case, but I don't want to give out too much information. I know that most of you would like to see some results in the next weeks, but a more realistic time frame is probably, that we will see some results in the next months or so. 

I would like to thank you for the donations that I got , I got back the BTC that I used to pay for the missing part of the invoice, plus a little extra. I paid the missing part first, because I wanted the invoice to be fully paid, when the lawyer got the signed complaint, so that he would submit it as soon as possible.

Everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

Thanks VS

ThrillHou, thank you for your enthusiasm for trying to get people to donate, but the matter of fact is, that if there will be a court case against Labcoin , then ALL people who joins that and seeks for compensation from Labcoin, will have the right to their share, no matter if they donated or not.

To everyone helping out, answering questions here in the thread and all who donated,

Thank you for your support,

virtualspade

[SebastianJu]

ThrillHou, thank you for your enthusiasm for trying to get people to donate, but the matter of fact is, that if there will be a court case against Labcoin , then ALL people who joins that and seeks for compensation from Labcoin, will have the right to their share, no matter if they donated or not.

Would that be correct for the case against Labcoin because without lawyer no one can sue. The question then would be if users that dont want to pay will get free lawyer representation that was paid by the others. Though thats something of the future of course. Normally no one would be able to go to court without paying a lawyer. So maybe a prozentual payment, judging from the loss one took, can take place then since everyone would have a profit from it... if any.

Only a thought...

[SebastianJu]

Any news? Its 2 weeks after the complain was filed. Did the police or the lawyer got back with news in the meantime? Anything?

[arousedrhino]

Any news? Its 2 weeks after the complain was filed. Did the police or the lawyer got back with news in the meantime? Anything?

Its been 2 weeks... In the legal world thats like 2 seconds.

[SebastianJu]

Any news? Its 2 weeks after the complain was filed. Did the police or the lawyer got back with news in the meantime? Anything?

Its been 2 weeks... In the legal world thats like 2 seconds.

A man can hope...

[E.Sam]

Any news? Its 2 weeks after the complain was filed. Did the police or the lawyer got back with news in the meantime? Anything?

Its been 2 weeks... In the legal world thats like 2 seconds.

Hope it doesn t take two weeks then ^^

[imready2rock]

When there will be any news? what's going on? What should we think about it?
Silence causes a lot of questions

[Gush]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

[BenTuras]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

In May 2005 I had a motorcycle accident in Italy, due to negligence of road workers firm.
Almost 9 years later, it still hasn't been in court.
This will give you an idea about the time it will take.

[SebastianJu]

Wow... maybe the lawyer should look into filing in another country too then.

[utens]

Hey guys,  Vice has some great and interesting documentaries about everything happening in the world, like  http://www.youtube.com/watch?v=TUzlmWWdjEQ   

Ops sorry , wrong place   

[shaobao88]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

In May 2005 I had a motorcycle accident in Italy, due to negligence of road workers firm.
Almost 9 years later, it still hasn't been in court.
This will give you an idea about the time it will take.

Omg! how is this possible ? Looks like "Italian torpedo"  does work well for our misery

[Fishbones]

Has this thief been caught?

[Lohoris]

Has this thief been caught?

Ok we know you can write.
Can you also read, I guess?

[Fishbones]

Has this thief been caught?

Ok we know you can write.
Can you also read, I guess?

Oh, I read very well..even between the lines. Do you?  

You on the other hand seem to have learned to read and write, but lack on the intelligence side of the matter. Use your brain a little and you might see what I was trying to do with this thread.

Cheers.

[NyantodaMoon]

virtualspade,any updates?

[Leogheo]

Has this thief been caught?

Ok we know you can write.
Can you also read, I guess?

Oh, I read very well..even between the lines. Do you?  

You on the other hand seem to have learned to read and write, but lack on the intelligence side of the matter. Use your brain a little and you might see what I was trying to do with this thread.

Cheers.

Looks like we gonna have another one lawsuit between two members of the community 

[Zosergag]

Let us know if you need any help! Many thanks for virtualspade for all your efforts

[virtualspade]

virtualspade,any updates?

Hello NyantodaMoon,

I have chosen not to disclose the details of the case to any third party at the moment.

I hope you can understand the reason for this.

[killinitsoftly]

I purchased only 0.1BTC worth of LabCoin shares.
I was at the time, smart enough to put my coin in ActiveMining.... funny how all this shook down and they're both scammers.


Pathetic.

[CHAO]

Is there any news on labcoin lawsuit?

[virtualspade]

Is there any news on labcoin lawsuit?

Hello CHAO,

Sorry to keep you waiting for a answer, there has been some developments in the case, however we are still not going public with the details.

So everyone just hold on, when we are going public with the details, this will be the first place I'll post about it.

[bitcoiner49er]

Is there any news on labcoin lawsuit?

Hello CHAO,

Sorry to keep you waiting for a answer, there has been some developments in the case, however we are still not going public with the details.

So everyone just hold on, when we are going public with the details, this will be the first place I'll post about it.

Thanks for the update.

See BFL/Avalon/Hashfast/etc, that's not so hard, is it?

[virtualspade]

Hello everyone,

Here is the update about the case that so many people have been waiting for.

In Italy is now pending a criminal investigation against Alberto Armandi for the facts pertaining the Labcoin operation.

Fabrizio and Alessia Tatti's position in the case is under scrutiny by investigating authorities.

Since we filed the complaint our lawyer has had one meeting with the Public Attorney associate head office and one phone meeting with the police officer handling the investigation.

At the first meeting Public Attorney Office got interested in the matter and stated that they will do a thorough investigation, he also gave us free hands to call upon the police officer who handles the case with any new information we may stumble upon.

In the second meeting over the phone, the Police confirmed that our assertions contained into the criminal complaint has been confirmed, and stated that Alberto is currently living abroad.

The Police have asked us to help them in tracking Albertos activities on the internet, so everyone keep your eyes open for any posts or other activities that Alberto does, please contact me with any information you may have.

You can contact me here on the forum or at a this gmail address: labcoin.scam at gmail.com

Thank you for your support,

virtualspade

[SaberCoin]

Thanks for the update vs

[GTR_JOEY]

Thanks for the update vs.. Great work

[merv77]

thanks virtualspade

[lzr1900]

Thanks for your updates vs.

[lzr1900]

one month bump

[bytebyte]

FUCK ALBERTO.

[E.Sam]

http://www.coindesk.com/how-roger-ver-hacked-what-he-did-stop-it/

Maybe it's time to consider doing something similar. Alberto stole between 7000-10000 BTC, 1% of this would be between 70-100 BTC - up to $50,000.
I wouldn't mind giving 1% of my recovered funds to anyone who would provide information that would led to his arrest. Hell, I wouldn't mind giving 5%, that would amount to at least $180k if everyone was on board.

Alberto: http://bitcoinexaminer.org/wp-content/uploads/2013/07/The-BDT-Fiasco-mod.png

[merv77]

http://www.coindesk.com/how-roger-ver-hacked-what-he-did-stop-it/

Maybe it's time to consider doing something similar. Alberto stole between 7000-10000 BTC, 1% of this would be between 70-100 BTC - up to $50,000.
I wouldn't mind giving 1% of my recovered funds to anyone who would provide information that would led to his arrest. Hell, I wouldn't mind giving 5%, that would amount to at least $180k if everyone was on board.

Alberto: http://bitcoinexaminer.org/wp-content/uploads/2013/07/The-BDT-Fiasco-mod.png

+1

I'm in to offer 5% or an attractive reward towards information that successfully leads to his arrest.

[canth]

http://www.coindesk.com/how-roger-ver-hacked-what-he-did-stop-it/

Maybe it's time to consider doing something similar. Alberto stole between 7000-10000 BTC, 1% of this would be between 70-100 BTC - up to $50,000.
I wouldn't mind giving 1% of my recovered funds to anyone who would provide information that would led to his arrest. Hell, I wouldn't mind giving 5%, that would amount to at least $180k if everyone was on board.

Alberto: http://bitcoinexaminer.org/wp-content/uploads/2013/07/The-BDT-Fiasco-mod.png

+1

I'm in to offer 5% or an attractive reward towards information that successfully leads to his arrest.

Yeah, I'd kick in 5% too.

[Puppet]

All the info thats needed for his arrest is already out there. Heck, we have a scan of his passport, what more would you hope to uncover?

[BitQuick.net]

Once/if the warrant comes out you will prob. need someone to "get" him back to italy.

All the info thats needed for his arrest is already out there. Heck, we have a scan of his passport, what more would you hope to uncover?

[GTA]

I also had a few shares through havelock. guess I should have done some more research...

[jimmy3dita]

Hi guys,
just a note: this place is really nearby Carbonia, the place where Armandi's family lives:

https://www.bitpremier.com/items/view/485
http://cryptocrimson.com/2014/04/9462-btc-buy-23-room-hotel-island-sardinia/

I remember to have read somewhere that his family owned an hotel - is this just a coincidence?

[Kushedout]

I am offering 1BTC bounty for any information that leads to his capture.

Not much, but its a start. Hope others will join me in making a pledge.
Lets create an incentive for people to track him down and turn him in.

[SebastianJu]

I am offering 1BTC bounty for any information that leads to his capture.

Not much, but its a start. Hope others will join me in making a pledge.
Lets create an incentive for people to track him down and turn him in.

I put in another 1BTC. I cant believe how unpressured he must feel. Italian police somewhere?

[Lohoris]

Italian police somewhere?

---> here <urp@gdf.it> <---

[SebastianJu]

Italian police somewhere?

---> here <urp@gdf.it> <---

I know... what i meant is that i dont have the feeling that the italian police did anything yet.

[Lohoris]

Italian police somewhere?

---> here <urp@gdf.it> <---

I know... what i meant is that i dont have the feeling that the italian police did anything yet.

Well, for starters you could contact the linked GdF, since currencly AFAIK the only police force alerted of this has been the Polizia Postale.
I guess two forces working on two sides on the same problem are more likely to find the problem than just one.
That being said, unfortunately yes, if you are not lucky they might take a long time before accomplishing anything.

[usupnaruto]

I also had a few shares through havelock. guess I should have done some more research...

being careful would be better than later you will lose you shares

[CHAO]

Hello virtualspade,

Thanks your reply.You have made great efforts and hope to hear some good news soon!!

Is there any news on labcoin lawsuit?

Hello CHAO,

Sorry to keep you waiting for a answer, there has been some developments in the case, however we are still not going public with the details.

So everyone just hold on, when we are going public with the details, this will be the first place I'll post about it.

[JWU90]

any updates?

[finlof]

not that i expect to see anything else, but any news?

[dexX7]

There is indeed some progress as far as I heard, but nothing set in stone. Let's rather say: the whole project hasn't stalled and especially virtuals keeps pushing.

[canth]

There is indeed some progress as far as I heard, but nothing set in stone. Let's rather say: the whole project hasn't stalled and especially virtuals keeps pushing.

Either getting back some of the original investment or holding the culprits accountable would be a serious win. Good to hear that there's some hope, still.

[lzr1900]

What now?It's been a long time..

[TsuyokuNaritai]

http://www.wired.com/2014/09/bitcoin_bounty/

https://bitcointalk.org/index.php?topic=784520.0

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

[gogxmagog]

http://www.wired.com/2014/09/bitcoin_bounty/

https://bitcointalk.org/index.php?topic=784520.0

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

I was excited about bitcoin bounty hunter at first, but it seems that finding alberto is not the problem, it is bringing him to justice. You must prove wrongdoing, complain to authorities and when they find the culprit they charge him with applicable offences.

everyone is tight lipped as to what is going on right now, but from the sounds of it the walls are closing in on alberto.

my guess is the money is long gone, we wont see restitution, but alberto will be put in jail. At least. I hope.

[int03h]

I told you all he was a fucking thieving cunt ....

But then no one ever listens to me. oh well .. happy lawsuiting.

If you know who I am .. and you remember when I called him a fucking thieving cunt . you can join us on btc.duckdns.org - we still use teamspeak. Can't guaranteee a vote in though .. and bg4 and dacaman .. don't bother.

The one eye'd wonder and the austrian prick that works for blue coat systems who's name is https://www.linkedin.com/profile/view?id=1940626&authType=name&authToken=Xc0R&trk=prof-pat-cc-name neeed not bother.

Donkey .. I love you ... come and fist me please!!!

some old memories I kept ... not much is edited .. so have a BALL trawling though all that shit.


https://drive.google.com/drive/u/0/#folders/0B7YucBK7CMjGc1hPcTJZd013THM/0B7YucBK7CMjGejNWb3FrWnM2VWM

[lzr1900]

wtf is going on now?

[virtualspade]

wtf is going on now?

I asked that question also, here's the answer I got:

Neither the Police or Public Attorney is giving out any information about the case.

So we are waiting for them to finish their investigation.
I'm sorry that I don't have any better news to give out at the moment.

[John (John K.)]

Wait, Labcoin is/was a scam? The one ran by labrat?

[canth]

Wait, Labcoin is/was a scam? The one ran by labrat?

Umm...not familiar with labrat. Google for labcoin and the first few hits are pretty clear that this the cryptostock/mining initiative called Labcoin is pure theft.

[John (John K.)]

Wait, Labcoin is/was a scam? The one ran by labrat?

Umm...not familiar with labrat. Google for labcoin and the first few hits are pretty clear that this the cryptostock/mining initiative called Labcoin is pure theft.

Welp, I mixed Lab_Rat Mining with this one. Thanks for the heads up!
https://bitcointalk.org/index.php?topic=251423.0

[dexX7]

Welp, I mixed Lab_Rat Mining with this one. Thanks for the heads up!
https://bitcointalk.org/index.php?topic=251423.0

This one is not related to Lab Rat, but a scam by an alleged mining company called "Labcoin", lead by Alberto Armandi. Those two posts are educational in this matter:

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/
http://www.reddit.com/r/Bitcoin/comments/1nke2k/an_overview_and_update_of_the_labcoin_scam/

[OmicronTheta]

Plot twist: Alberto was the actual originator of the "lawsuit" - to head of any real attempts and scam for a few more btc! Now that would be a master stroke 

[lzr1900]

fuck.my 50btc

[canth]

fuck.my 50btc

Yeah, painful for all of us. Here's the next scam/calamity brewing:

https://bitcointalk.org/index.php?topic=857670.msg9868670#msg9868670

[nanobrain]

The BTC eco-system is a magnet for scum-bags; as it grows we will no doubt see bigger (corporate) scumbags take over and everyone will rejoice at how respectable things have become.

[bjack0815]

Are you sure that virtualspade is a scammer? Is anyone in contact with him?

[gogxmagog]

Anything new to report in here?

Anybody have any info?

I see virtualspade was active yesterday.

[seabass1985]

He needs to face charges and that is all there is to it. End of story!

[gogxmagog]

any new news to report?

[crazyearner]

Lawsuit or not I dont see much gonna happen unless justice is serviced and theirs enough proof to backup the case brought against labcoin even then its gonig to be hard unless got some serious law power to bring justice and this is only going to take time. Look at MTGOX filed for bankcruptsy and still they have the coins that where claimed to be stolen and they have the coins.

[canth]

Lawsuit or not I dont see much gonna happen unless justice is serviced and theirs enough proof to backup the case brought against labcoin even then its gonig to be hard unless got some serious law power to bring justice and this is only going to take time. Look at MTGOX filed for bankcruptsy and still they have the coins that where claimed to be stolen and they have the coins.

Kraken has the remaining Gox coins and it's likely that they'll be distributed by the fall of this year - we could be so lucky if the same were happening with LC. Updates would be appreciated...

[JWU90]

is this case dead? or is VS still pushing? approaching one year since last update..

[virtualspade]

I'm still here, I don't have any news about the case, but here is what we know now.

- The complaint was recived by the Pubblico Ministero (the Public Prosecutor) on 17.02.2014

- Alberto Armandi is under Preliminary investigation according to the Italian Code of Criminal Procedure

  for the offenses referred to in penal codes 640 c.p. and 494 c.p.
 
  Article 640 Penal Code: Fraud
 
  Article 494 Penal Code: Impersonation
 
- We will be informed when the Preliminary investigation is over, and the results of that, e.g dismissal or move to a trial

About the Preliminary investigation

Quote from http://italy.usembassy.gov/acs/emergency/emergency-arrest.html

The public prosecutor’s office has a maximum of six months to a year (depending on the nature of the crime)
to carry out an investigation of a suspect.  If an investigation develops into a very complex case
(e.g. if the investigation has to be carried out abroad or if the case cannot be concluded in the time allowed),
the term for completing the investigation may be extended to between 18 months and 2 years. 
Requests to extend the term for completing the investigation must be approved by the judge. 
Timing in the Italian legal system is very different from the American system. 
Postponements and delays in the investigations are quite common,
making it often impossible to predict when such investigations will be completed.


Not sure if that helps, but thats what I got at the moment, so I guess we will just have to wait for now.

[gogxmagog]

makes sense from what i know of the Italian legal system. Italian torpedoes, very slow. the good things I'm hearing about Italian law is; they take fraud VERY seriously and pursue charges to the end. also, there have been many cases in recent years targeting digital crimes. Hopefully they are aiming all their guns at this labcoin fiasco.
& kudos to VS for his work here, I donated a small bit of btc last year for his efforts. well deserved!

[gogxmagog]

what do you guys think of this?

http://www.reddit.com/r/Bitcoin/comments/30b5j4/this_is_huge_private_digital_property_of_italians/

sad state of affairs, but might actually help us against labcoin, no?

[gogxmagog]

Just checking in and bumping this thread....
Has there been any progress with this lawsuit? any tidbits of info to share?

[crazyearner]

Just checking in and bumping this thread....
Has there been any progress with this lawsuit? any tidbits of info to share?

Would also like to know the current progress here had this on me watch list but do not see much movement in what is going on here. Think only time will tell but no doubt go down the road like every other lawsuit goes dosent happen or costs too much to actually pull of and get things underway with an investigation..

[SebastianJu]

There is movement, though a bit slow. Anyway... things dont look bad at the moment. I guess more info can be given later only. So im sorry that i cant talk about whats going on now.

I guess virtualspade will write then most probably.

[bjack0815]

.........aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaand................... .....................
.........it's gone?

[iCEBREAKER]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

Well that turned out exactly as expected.   

[canth]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

Well that turned out exactly as expected.   

Only slightly different than AM, Hashfast, GAW, Asicminer, etc

[iCEBREAKER]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

Well that turned out exactly as expected.   

Only slightly different than AM, Hashfast, GAW, Asicminer, etc

No, huge difference.  AM and HF actually made chips, and (I think) GAW actually sold miners.

A scam is not the same thing as an unsuccessful venture.  EG, Atari went bankrupt but it was not a scam.  Ditto for 3dfx.

IDK why this concept is so extraordinarily difficult for so many people here to understand.  I believe ego may be a factor...

[canth]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

Well that turned out exactly as expected.   

Only slightly different than AM, Hashfast, GAW, Asicminer, etc

No, huge difference.  AM and HF actually made chips, and (I think) GAW actually sold miners.

A scam is not the same thing as an unsuccessful venture.  EG, Atari went bankrupt but it was not a scam.  Ditto for 3dfx.

IDK why this concept is so extraordinarily difficult for so many people here to understand.  I believe ego may be a factor...

Well, AM might have started off honest but at some point dishonesty crept in and the funds ended up being gone. Breach of trust and theft of funds is pretty much the same regardless of how honest the business starts off. Same with GAW - they started off selling mining contracts but somewhere along the way decided to screw their customers.

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

[iCEBREAKER]

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.

The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.

We don't know WTF happened to AM/FC.  It's China, so anything (Mongolians!) is possible (aliens?).

[canth]

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.

The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.

We don't know WTF happened to AM/FC.  It's China, so anything (Mongolians!) is possible (aliens?).

For all we know the LC guys started off with legit intentions and then realized there was no way they could deliver a few weeks into the process. It's not important to me how long someone has good intentions right before they turned the corner and decided to run off with the money.

I don't think anyone has much good will toward Karpeles or Danny Brewster (Neo&Bee) for their original intentions, under the assumption that they started off legit.

[iCEBREAKER]

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.

The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.

We don't know WTF happened to AM/FC.  It's China, so anything (Mongolians!) is possible (aliens?).

For all we know the LC guys started off with legit intentions and then realized there was no way they could deliver a few weeks into the process. It's not important to me how long someone has good intentions right before they turned the corner and decided to run off with the money.

I don't think anyone has much good will toward Karpeles or Danny Brewster (Neo&Bee) for their original intentions, under the assumption that they started off legit.

OIC, you were one of those "LABCOIN? seems legit" people.   

[canth]

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.

The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.

We don't know WTF happened to AM/FC.  It's China, so anything (Mongolians!) is possible (aliens?).

For all we know the LC guys started off with legit intentions and then realized there was no way they could deliver a few weeks into the process. It's not important to me how long someone has good intentions right before they turned the corner and decided to run off with the money.

I don't think anyone has much good will toward Karpeles or Danny Brewster (Neo&Bee) for their original intentions, under the assumption that they started off legit.

OIC, you were one of those "LABCOIN? seems legit" people.   

I'll refrain from mentioning what a fair bit of the forum labels you, sir.

[iCEBREAKER]

The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...

Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.

The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.

We don't know WTF happened to AM/FC.  It's China, so anything (Mongolians!) is possible (aliens?).

For all we know the LC guys started off with legit intentions and then realized there was no way they could deliver a few weeks into the process. It's not important to me how long someone has good intentions right before they turned the corner and decided to run off with the money.

I don't think anyone has much good will toward Karpeles or Danny Brewster (Neo&Bee) for their original intentions, under the assumption that they started off legit.

OIC, you were one of those "LABCOIN? seems legit" people.   

I'll refrain from mentioning what a fair bit of the forum labels you, sir.

A fair bit of the forum can't tell the critical difference (not "slight") between intending to scam vs intending to start a legit business.

The 'Did they make a chip?' test is a pretty good way to tell if a chip company is legit.

[bjack0815]

Still nothing new?

[gogxmagog]

Where's Virtual Spade at? Anyone seen him around? My guess is there's no news to report. I seem to recall that things were developing but we're not able to be discussed yet which sounded promising but that was a long time ago

[bjack0815]

Where's Virtual Spade at? Anyone seen him around? My guess is there's no news to report. I seem to recall that things were developing but we're not able to be discussed yet which sounded promising but that was a long time ago

Last Active:    September 09, 2015, 09:54:43 AM

[bjack0815]

No one cares anymore...

[SebastianJu]

No one cares anymore...

That is not fully correct. But most gave up it seems. Some are still reading.

I now started taking it in my own hands a bit since i felt like the other lcsh-members either vanished or had no time or wanted to wait on a status we know already will not yield results. So far i try to get in contact with the relevant persons that can push things forward and i'm pretty angry that it came to this. I really can't understand it.

It's not very easy... me trying to speak and understand spoken english is no fun. But i will try to get it moving on a bit. I hope i can since iam not the one who has the contract with the lawyer... and so on. *sigh*

[bjack0815]

No one cares anymore...

That is not fully correct. But most gave up it seems. Some are still reading.

I now started taking it in my own hands a bit since i felt like the other lcsh-members either vanished or had no time or wanted to wait on a status we know already will not yield results. So far i try to get in contact with the relevant persons that can push things forward and i'm pretty angry that it came to this. I really can't understand it.

It's not very easy... me trying to speak and understand spoken english is no fun. But i will try to get it moving on a bit. I hope i can since iam not the one who has the contract with the lawyer... and so on. *sigh*

Thank you very much for your efforts! Good to know that there is someone left who cares about what happened.
Most people forget with raising time, i am not one of those. I am like an elephant who never forgets things like these.
Do you know why virtualspade vanished? It seems he put a lot of time in this and know he cast away without any feedback?

[gogxmagog]

If there's no news there's no news to report. Bitcointalk has turned into a place where very little news info or anything of interest regarding BTC happens. Just sig campaigns and scammers. VS probably moved on to another forum. At least I hope that's what happened. He did collect some donations for the lawsuit but I don't think it was much.

Here's hoping we might hear some news sometime in the future. Might never happen.

[SebastianJu]

No one cares anymore...

That is not fully correct. But most gave up it seems. Some are still reading.

I now started taking it in my own hands a bit since i felt like the other lcsh-members either vanished or had no time or wanted to wait on a status we know already will not yield results. So far i try to get in contact with the relevant persons that can push things forward and i'm pretty angry that it came to this. I really can't understand it.

It's not very easy... me trying to speak and understand spoken english is no fun. But i will try to get it moving on a bit. I hope i can since iam not the one who has the contract with the lawyer... and so on. *sigh*

Thank you very much for your efforts! Good to know that there is someone left who cares about what happened.
Most people forget with raising time, i am not one of those. I am like an elephant who never forgets things like these.
Do you know why virtualspade vanished? It seems he put a lot of time in this and know he cast away without any feedback?

I try to follow every project where i was scammed too. Unfortunately the earlier one was on here the higher the chances that you collected alot of such projects.

Virtualspade... yes he was very active at the start and he paid the lawyer, at least the first part. I tipped most of the funds for that. That's another reason why i'm angry. It seems he is overworked and has problems but he did not want to delegate work to other lcsh-members then. Don't understand him. I don't want to make him look too bad since, like i said, i don't understand him. Maybe there are valid reasons i don't see.

I tried to get in touch with the lawyer but till now without success. Seems i need to bite the sour apple again and call the secretary and ask her about what is going on. Maybe there is a boss in that agency too. It's beyond my understanding how the lawyer acts too. Well, with missing infos i should not speak bad. I will try to get the infos and see what is going on.

[gogxmagog]

SebastianJu here is the simplified version of where we are (as I understand it)

Italian Police require that we (lcsh) present our complaint and all evidence showing that (done)

Police decide if they need to investigate (they are investigating)

Now it gets complicated because Alberto is hiding outside Italy (I think?)

This part can take a long time as Italian authorities are notoriously slow)

But the Italian police have determined Alberto is wanted for "impersonation" (fraud)

They need to locate him so they can charge him and bring him to court (any of us who can find him can help here)

That is all I know of this case... I really am not sure.

I'd like to hear from VS and know where we are

[SebastianJu]

SebastianJu here is the simplified version of where we are (as I understand it)

Italian Police require that we (lcsh) present our complaint and all evidence showing that (done)

Police decide if they need to investigate (they are investigating)

Now it gets complicated because Alberto is hiding outside Italy (I think?)

This part can take a long time as Italian authorities are notoriously slow)

But the Italian police have determined Alberto is wanted for "impersonation" (fraud)

They need to locate him so they can charge him and bring him to court (any of us who can find him can help here)

That is all I know of this case... I really am not sure.

I'd like to hear from VS and know where we are

LCSH is not actually every shareholder, it is a group of a handfull of, mostly the biggest, shareholders, or those who wanted to act at that time. We created a chat and a forum and started investigating. We found a lot but yes, the italian police is not really usefull. And we tried to work in the best interest of every shareholder. Though you remember some of us speaking about good news? Well... there were good news, but chances became smaller and smaller with time going by. It was no fun to push for virtuals acting all the time and seeing the months going by. Now i decided to see for myself if i can do something to move things on because i fear we might lose the chance or already have lost it.

I'm really not sure if VS will come in here. Last thing he told us was that he wanted to wait for the italian police, which we knew already will probably be more dangerous than effective since the more time goes by the higher the chance gets that the police will do nothing anymore. That they give up and that's it. I remember someone stating that if after a certain timefrime nothing happened the case is as good as dead. So pushing things forward is the best thing to do.

[Equilux]

SebastianJu here is the simplified version of where we are (as I understand it)

Italian Police require that we (lcsh) present our complaint and all evidence showing that (done)

Police decide if they need to investigate (they are investigating)

Now it gets complicated because Alberto is hiding outside Italy (I think?)

This part can take a long time as Italian authorities are notoriously slow)

But the Italian police have determined Alberto is wanted for "impersonation" (fraud)

They need to locate him so they can charge him and bring him to court (any of us who can find him can help here)

That is all I know of this case... I really am not sure.

I'd like to hear from VS and know where we are

LCSH is not actually every shareholder, it is a group of a handfull of, mostly the biggest, shareholders, or those who wanted to act at that time. We created a chat and a forum and started investigating. We found a lot but yes, the italian police is not really usefull. And we tried to work in the best interest of every shareholder. Though you remember some of us speaking about good news? Well... there were good news, but chances became smaller and smaller with time going by. It was no fun to push for virtuals acting all the time and seeing the months going by. Now i decided to see for myself if i can do something to move things on because i fear we might lose the chance or already have lost it.

I'm really not sure if VS will come in here. Last thing he told us was that he wanted to wait for the italian police, which we knew already will probably be more dangerous than effective since the more time goes by the higher the chance gets that the police will do nothing anymore. That they give up and that's it. I remember someone stating that if after a certain timefrime nothing happened the case is as good as dead. So pushing things forward is the best thing to do.

Alberto has at least one other large scam where he left with a lot of investors funds. He was working with Meni Rosenfeld on BDT, and from what I understand Meni also filed some things with the police, and hired a PI, so you might be able to join forces. Thanks for your efforts!

Edited to fix mis-quote!

[gogxmagog]

I agree but I really don't know what to do.
I'm drained of all money and cannot help with that.
I never was invited to the chat room or forum...
The time frame was quoted as 6 to 12 months, but could be extended if circumstances allow. I would guess the "good news" or maybe the fact the police realize Alberto is out of Italy but has enough evidence to be charged might buy some more time.
Is there an English speaking police I could talk to?
I have zero Italian but I could talk to an English speaking police.
I would need some run down of what questions to ask...
Or do we communicate with the lawyer?
Will VS answer PMs?
I would love to see some justice but I am sort of in the dark as to where we are and how best to proceed.

[SebastianJu]

SebastianJu here is the simplified version of where we are (as I understand it)

Italian Police require that we (lcsh) present our complaint and all evidence showing that (done)

Police decide if they need to investigate (they are investigating)

Now it gets complicated because Alberto is hiding outside Italy (I think?)

This part can take a long time as Italian authorities are notoriously slow)

But the Italian police have determined Alberto is wanted for "impersonation" (fraud)

They need to locate him so they can charge him and bring him to court (any of us who can find him can help here)

That is all I know of this case... I really am not sure.

I'd like to hear from VS and know where we are

LCSH is not actually every shareholder, it is a group of a handfull of, mostly the biggest, shareholders, or those who wanted to act at that time. We created a chat and a forum and started investigating. We found a lot but yes, the italian police is not really usefull. And we tried to work in the best interest of every shareholder. Though you remember some of us speaking about good news? Well... there were good news, but chances became smaller and smaller with time going by. It was no fun to push for virtuals acting all the time and seeing the months going by. Now i decided to see for myself if i can do something to move things on because i fear we might lose the chance or already have lost it.

I'm really not sure if VS will come in here. Last thing he told us was that he wanted to wait for the italian police, which we knew already will probably be more dangerous than effective since the more time goes by the higher the chance gets that the police will do nothing anymore. That they give up and that's it. I remember someone stating that if after a certain timefrime nothing happened the case is as good as dead. So pushing things forward is the best thing to do.

Alberto has at least one other large scam where he left with a lot of investors funds. He was working with Meni Rosenfeld on BDT, and from what I understand Meni also filed some things with the police, and hired a PI, so you might be able to join forces. Thanks for your efforts!

We worked together with Meni Rosenfeld. We merged forces pretty much at the beginning of our investigation.

[SebastianJu]

I agree but I really don't know what to do.
I'm drained of all money and cannot help with that.
I never was invited to the chat room or forum...
The time frame was quoted as 6 to 12 months, but could be extended if circumstances allow. I would guess the "good news" or maybe the fact the police realize Alberto is out of Italy but has enough evidence to be charged might buy some more time.
Is there an English speaking police I could talk to?
I have zero Italian but I could talk to an English speaking police.
I would need some run down of what questions to ask...
Or do we communicate with the lawyer?
Will VS answer PMs?
I would love to see some justice but I am sort of in the dark as to where we are and how best to proceed.

I believe LCSH was created on here in this thread or somewhere on Bitcointalk when some users wanted to go the legal route. I think we asked for donations on here too. Though you can't do much now anyway.

No, the good news would be more the opposite, a small timewindow that might have closed already. Sorry that i can't be more specific, maybe not all is lost yet and in order to not risk it unneccessary i would prefer to not speak about it yet...

[SebastianJu]

I was able to reach the lawyer by phone a hour ago. He spoke slowly english so i was able to understand him luckily. I already informed LCSH about the details so that we can decide what the best course of action would be.

gogxmagog... speaking to the police would not help he told me. He does not even get info about the case and he is the lawyer, the plaintiff would not get info and we are not even plaintiffs in this case, only adjacent raising of the damage to initiate the case. But the investigation goes on.

I will see what the other LCSH-members say about the best course of action from here on. I will update the thread then.

[burnside]

Do you guys have the bitcoin addresses needed to follow the funds?  I'm not a blockchain explorer expert, but the withdrawal address used for the funds was 1ovYFPS1HiGFMQVTB3vuWtnEpGvRxZ6H7.

Had a lot of shares myself, would love to see some kind of restitution from this guy.

Cheers.

Edit / Add Access Logs Aug - Oct 2013:

Code:

Aug  1 02:04:32 site-01 www: 907102:79.52.85.140 btct.co /login u:labcoin2 [IT] - user logged in
Aug  1 08:58:21 site-01 www: 803996:82.53.25.185 btct.co /login u:labcoin2 [IT] - user logged in
Aug  2 02:18:30 site-01 www: 211480 79.46.89.100 btct.co /login u:labcoin2 [IT] - user logged in
Aug  2 02:22:12 site-01 www: 338865 162.192.209.94 btct.co /login u:labcoin2 [US] - user logged in
Aug  2 02:28:43 site-01 www: 965560 79.46.89.100 btct.co /login u:labcoin2 [IT] - user logged in
Aug  2 02:29:26 site-01 www: 309072 79.46.89.100 btct.co /login u:labcoin2 [IT] - user logged in
Aug  3 12:28:46 site-01 www: 888918 80.180.142.173 btct.co /login u:labcoin2 [IT] - user logged in
Aug  5 20:04:15 site-01 www: 266101 79.56.81.208 btct.co /login u:labcoin2 [IT] - user logged in
Aug 21 10:05:10 site-01 www: 512478 151.18.193.192 btct.co /login u:labcoin2 [IT] - user logged in
Aug 21 10:07:07 site-01 www: 346826 151.18.193.192 btct.co /logout u:labcoin2 - user logged out
Aug 28 11:34:41 site-01 www: 568972 151.44.33.64 btct.co /login u:labcoin2 [IT] - user logged in
Aug 28 21:04:56 site-01 www: 330594 151.19.115.49 btct.co /login u:labcoin2 [IT] - user logged in
Aug 29 14:09:27 site-01 www: 582998 151.19.115.49 btct.co /logout u:labcoin2 - user logged out
Sep  9 19:39:07 site-01 www: 820157 151.40.56.244 btct.co /login u:labcoin2 [IT] - user logged in
Sep 10 12:51:59 site-01 www: 780829 151.40.56.244 btct.co /logout u:labcoin2 - user logged out
Sep 11 23:41:10 site-01 www: 642599 23.22.218.152 btct.co /login u:labcoin2 [US] - user logged in
Sep 16 22:17:18 site-01 www: 885797 151.40.41.231 btct.co /login u:labcoin2 [IT] - user logged in
Sep 22 17:18:41 site-01 www: 852147 151.18.90.213 btct.co /login u:labcoin2 [IT] - user logged in
Sep 24 13:38:19 site-01 www: 203552 151.46.68.162 btct.co /login u:labcoin2 [IT] - user logged in
Sep 24 13:46:40 site-01 www: 529087 151.46.68.162 btct.co /logout u:labcoin2 - user logged out
Sep 24 13:54:25 site-01 www: 254493 151.46.68.162 btct.co /login u:labcoin2 [IT] - user logged in
Oct  3 17:57:09 site-01 www: 503625 151.44.137.170 btct.co /login u:labcoin2 [IT] - user logged in
Oct  3 19:03:13 site-01 www: 375315 151.44.137.170 btct.co /login u:labcoin2 [IT] - user logged in
Oct  4 13:29:14 site-01 www: 938169 87.15.74.209 btct.co /login u:labcoin2 [IT] - user logged in
Oct  4 14:28:46 site-01 www: 427078 87.15.74.209 btct.co /login u:labcoin2 [IT] - user logged in
Oct  4 15:03:13 site-01 www: 892193 87.15.74.209 btct.co /login u:labcoin2 [IT] - user logged in
Oct  5 16:33:47 site-01 www: 540354 82.53.24.201 btct.co /login u:labcoin2 [IT] - user logged in
Oct 10 16:17:59 site-01 www: 815611 151.47.60.213 btct.co /login u:labcoin2 [IT] - user logged in
Oct 10 16:38:38 site-01 www: 490985 151.47.60.213 btct.co /login u:labcoin2 [IT] - user logged in
Oct 10 18:07:41 site-01 www: 115804 151.47.60.213 btct.co /login u:labcoin2 [IT] - user logged in
Oct 10 19:09:00 site-01 www: 633277 151.47.60.213 btct.co /login u:labcoin2 [IT] - user logged in
Oct 11 11:37:58 site-01 www: 500628 151.46.93.232 btct.co /login u:labcoin2 [IT] - user logged in
Oct 11 15:19:51 site-01 www: 339946 31.3.154.145 btct.co /login u:labcoin2 [SE] - user logged in
Oct 14 18:21:35 site-01 www: 639648 151.18.223.113 btct.co /login u:labcoin2 [IT] - user logged in
Oct 15 21:56:32 site-01 www: 618909 151.18.130.42 btct.co /login u:labcoin2 [IT] - user logged in
Oct 16 00:10:14 site-01 www: 613710 151.18.130.42 btct.co /logout u:labcoin2 - user logged out
Oct 16 13:36:23 site-01 www: 628180 151.46.143.39 btct.co /login u:labcoin2 [IT] - user logged in

[dexX7]

Code:

Oct 15 21:56:32 site-01 www: 618909 151.18.130.42 btct.co /login u:labcoin2 [IT] - user logged in
Oct 16 00:10:14 site-01 www: 613710 151.18.130.42 btct.co /logout u:labcoin2 - user logged out
Oct 16 13:36:23 site-01 www: 628180 151.46.143.39 btct.co /login u:labcoin2 [IT] - user logged in

Interesting. Unfortunally I no longer have the logs on my server (I droped the DB :S), but they were quoted in the LCSH forum.

Back then I sent the user labcoin tracking pixels via PM and these IP match, therefore we can assume the user controlling labcoin also controlled the BTC-TC account.

edit:

Code:

1ovYFPS1HiGFMQVTB3vuWtnEpGvRxZ6H7

Thanks for this confirmation also. We assumed this was the address related to Labcoin.

[gogxmagog]

gogxmagog... speaking to the police would not help he told me. He does not even get info about the case and he is the lawyer, the plaintiff would not get info and we are not even plaintiffs in this case, only adjacent raising of the damage to initiate the case. But the investigation goes on.

ok i wont interfere.

i just would like to be included in this lawsuit

i'm not sure why i didnt just join in at first... i think the whole thing made me afraid that EVERYONE is a scammer but i did eventually start to trust VS, and you SebastianJu... I donated some BTC to VS later on too...

Between activemining, asicminer, and this labcoin fraud i've lost almost all my btc... almost 100 total! please keep me informed of any progress and any action i need to take

thanks for taking up this difficult work

[SebastianJu]

gogxmagog... speaking to the police would not help he told me. He does not even get info about the case and he is the lawyer, the plaintiff would not get info and we are not even plaintiffs in this case, only adjacent raising of the damage to initiate the case. But the investigation goes on.

ok i wont interfere.

i just would like to be included in this lawsuit

i'm not sure why i didnt just join in at first... i think the whole thing made me afraid that EVERYONE is a scammer but i did eventually start to trust VS, and you SebastianJu... I donated some BTC to VS later on too...

Between activemining, asicminer, and this labcoin fraud i've lost almost all my btc... almost 100 total! please keep me informed of any progress and any action i need to take

thanks for taking up this difficult work

Did you not claim your losses when the lawyer asked the shareholders to send him the details? We did not need to verify us at this point. Only virtuals had to because he was the plaintiff.

I asked in lcsh-forum if we should give out all the infos we have, of course some whistleblowers info must remain protected, but so far nobody spoke against it. It might be possible that we can involve the community soon. Probably a new thread would be helpfull where only the findings are posted and that is blocked for other posters so that the facts can be spoken about in another thread then.

But let's wait for the other lcsh-members.

[gogxmagog]

I'm pretty sure I did... It's been so long... Lab coin was only listed on btc-TC right?

[mutant]

I'm pretty sure I did... It's been so long... Lab coin was only listed on btc-TC right?

Labcoin started out on BTC-TC (atleast I think that was the first trading place for it). It then moved to CryptoStocks when BTC-TC shut down, around 10/17 2013.
Trading on CryptoStocks then got halted around 12/01 2013, and in the first days of february 2014 Labcoin got delisted from CryptoStocks.

[gogxmagog]

Yes I did send my info to the lawyer. Haven't heard anything else though

[SebastianJu]

Yes I did send my info to the lawyer. Haven't heard anything else though

I believe the info should be fine then. I think he asked back when he had requests or some things were missed. But it looks like the info are only temporary anyway. For the prosecution.

[SebastianJu]

By the way... i started the question on lcsh forum and even though not all members answered it looks like in favor of involving the community. So maybe more can be posted in some time. I will give the other members some time, i sent them a bitcointalk pm to inform them.

[canth]

By the way... i started the question on lcsh forum and even though not all members answered it looks like in favor of involving the community. So maybe more can be posted in some time. I will give the other members some time, i sent them a bitcointalk pm to inform them.

Not an official member of lcsh, but still following this debacle and the lawyer in question has my info.

[gogxmagog]

how can i join the lcsh forum?

[marketingcoin]

Labcoin started out on BTC-TC (atleast I think that was the first trading place for it). It then moved to CryptoStocks when BTC-TC shut down, around 10/17 2013.
Trading on?

[iCEBREAKER]

Yes I did send my info to the lawyer. Haven't heard anything else though

He probably hasn't stopped laughing long enough to respond!   

[gogxmagog]

VirtualSpade... That's racist, right?
Its better than Netflix, this shit.

Always bet on ice

[kulanmodur699]

seems great !

[Fishbones]

By the way... i started the question on lcsh forum and even though not all members answered it looks like in favor of involving the community. So maybe more can be posted in some time. I will give the other members some time, i sent them a bitcointalk pm to inform them.

Any updates on this? That f-up Alberto in jail yet?

[SebastianJu]

By the way... i started the question on lcsh forum and even though not all members answered it looks like in favor of involving the community. So maybe more can be posted in some time. I will give the other members some time, i sent them a bitcointalk pm to inform them.

Any updates on this? That f-up Alberto in jail yet?

No update yet though the only voices of LCSH-members that came up was that I should go forward with it. So I think I will open a dedicated thread for the findings we have, while protecting whistleblower, of course.

Man, I have to force me to put some time in this since it looks like the last effort on this case to me. That f... seems to hide too well for the italian police.

[Fishbones]

Thank you very much for your effort SebastianJu. It's good to know that someone with the knowledge and experience is persuing this case. That  f-up will come out of his hole. Once a scumbag always a scumbag ...

[cardseller121]

Thank you very much,You do a good job!!

[SebastianJu]

This post will serve as the placeholder for the link to discuss what I post in the LCSH-findings thread.

Again, please bear with me when I can't put a days work hours instantly into this to get it done completely.

It's a cross reference to the thread where I will post the collected lcsh-findings: Labcoin Scam - Collected findings of LCSH-Group

[bjack0815]

This post will serve as the placeholder for the link to discuss what I post in the LCSH-findings thread.

Again, please bear with me when I can't put a days work hours instantly into this to get it done completely.

It's a cross reference to the thread where I will post the collected lcsh-findings: Labcoin Scam - Collected findings of LCSH-Group

Very good job! I hope we can get the scammer! I lost a great amount of shares due to this scam so i would be very happy if he has to pay for his scam.

[gogxmagog]

This post will serve as the placeholder for the link to discuss what I post in the LCSH-findings thread.

Again, please bear with me when I can't put a days work hours instantly into this to get it done completely.

It's a cross reference to the thread where I will post the collected lcsh-findings: Labcoin Scam - Collected findings of LCSH-Group

Thanks SebastianJu

[SebastianJu]

Very sorry for the time delay. The past weeks were insane regarding the amount of work I had. I could not even check my emails nor follow threads on here. Only dealt with escrow cases at least once a day.

Now I found that locking a thread is not possible to reverse. Well, guess I have to create a new thread then. Selfmoderated makes no sense then since I'm not for censorship. Guess things can be discussed in there and I will update the top of my first post with updates on where the new posts are done.


So here is the new thread: https://bitcointalk.org/index.php?topic=1495596.new#new
This time it contains the most important findings.

Virtuals, if you read this can you shoot me a pm please?

And LCSH-Members, check the forum, I posted some new things. I know that practically no one will get an email notification.

[bjack0815]

Very sorry for the time delay. The past weeks were insane regarding the amount of work I had. I could not even check my emails nor follow threads on here. Only dealt with escrow cases at least once a day.

Now I found that locking a thread is not possible to reverse. Well, guess I have to create a new thread then. Selfmoderated makes no sense then since I'm not for censorship. Guess things can be discussed in there and I will update the top of my first post with updates on where the new posts are done.


So here is the new thread: https://bitcointalk.org/index.php?topic=1495596.new#new
This time it contains the most important findings.

Virtuals, if you read this can you shoot me a pm please?

And LCSH-Members, check the forum, I posted some new things. I know that practically no one will get an email notification.

Very good Sebastian!

[bryant.coleman]

I appreciate your effort Sebastian. Thank you so much, for the recent updates.

BTW... I am a little bit concerned about my Labcoin "holdings". I had purchased LABCOIN through BTCT (BTC version of Litecoin Global) exchange, in late 2013. The exchange closed down in 2014. I have saved my trade history in a csv file. That is enough to prove that I own LABCOIN shares, right?

[SebastianJu]

I appreciate your effort Sebastian. Thank you so much, for the recent updates.

BTW... I am a little bit concerned about my Labcoin "holdings". I had purchased LABCOIN through BTCT (BTC version of Litecoin Global) exchange, in late 2013. The exchange closed down in 2014. I have saved my trade history in a csv file. That is enough to prove that I own LABCOIN shares, right?

I think no one has really more proof of owning the shares. Luckily with burnside we have an exchange owner that did not run and is still communicating so he would help us with backing our claims for sure.

As an update... I caught the lawyer by phone now. He claimed he did not get my email and it seems he has a new one now. I sent him the text when we spoke on the phone so that he can check. All went well and he has read it.

He told me that he will speak with the criminal prosecutor? or similar and give him the infos. Hopefully it is enough to get the needed hand on those stupid brothers. I'm not so sure that compensation can come out of it anymore, well the mother seems to be exceptionally rich, for normal people at least, but in the shoes of the mother of those two... I'm not sure if I would still back them.

Anyway... this is a step forward hopefully.

Still, speaking and hearing english is not easy for me. Dunno. Writing and reading is no problem at all though. But it worked out.

[bjack0815]

I appreciate your effort Sebastian. Thank you so much, for the recent updates.

BTW... I am a little bit concerned about my Labcoin "holdings". I had purchased LABCOIN through BTCT (BTC version of Litecoin Global) exchange, in late 2013. The exchange closed down in 2014. I have saved my trade history in a csv file. That is enough to prove that I own LABCOIN shares, right?

I think no one has really more proof of owning the shares. Luckily with burnside we have an exchange owner that did not run and is still communicating so he would help us with backing our claims for sure.

As an update... I caught the lawyer by phone now. He claimed he did not get my email and it seems he has a new one now. I sent him the text when we spoke on the phone so that he can check. All went well and he has read it.

He told me that he will speak with the criminal prosecutor? or similar and give him the infos. Hopefully it is enough to get the needed hand on those stupid brothers. I'm not so sure that compensation can come out of it anymore, well the mother seems to be exceptionally rich, for normal people at least, but in the shoes of the mother of those two... I'm not sure if I would still back them.

Anyway... this is a step forward hopefully.

Still, speaking and hearing english is not easy for me. Dunno. Writing and reading is no problem at all though. But it worked out.

Good job! Thanks for the update.
Hope they will have to pay for this scam.

[kingfzero]

I appreciate your effort Sebastian. Thank you so much, for the recent updates.

BTW... I am a little bit concerned about my Labcoin "holdings". I had purchased LABCOIN through BTCT (BTC version of Litecoin Global) exchange, in late 2013. The exchange closed down in 2014. I have saved my trade history in a csv file. That is enough to prove that I own LABCOIN shares, right?

I think no one has really more proof of owning the shares. Luckily with burnside we have an exchange owner that did not run and is still communicating so he would help us with backing our claims for sure.

As an update... I caught the lawyer by phone now. He claimed he did not get my email and it seems he has a new one now. I sent him the text when we spoke on the phone so that he can check. All went well and he has read it.

He told me that he will speak with the criminal prosecutor? or similar and give him the infos. Hopefully it is enough to get the needed hand on those stupid brothers. I'm not so sure that compensation can come out of it anymore, well the mother seems to be exceptionally rich, for normal people at least, but in the shoes of the mother of those two... I'm not sure if I would still back them.

Anyway... this is a step forward hopefully.

Still, speaking and hearing english is not easy for me. Dunno. Writing and reading is no problem at all though. But it worked out.

Nice!I am glad to hear the news!Thank you for your work!

[Fishbones]

Good job !!
Thank you very much for pursuing this.

 Cheers.

[CHAO]

Good job!Continue!

[gogxmagog]

I will be amazed if these guys actually get held to account.

[hl5460]

keep us informed if you have any progress.

[iamjwroar]

any new updates on this case? is there still contact going on with the lawyer? thanks for the effort Sebastian!

[SebastianJu]

I didn't have time to check back with the lawyer but I assume there is nothing new.

[bjack0815]

Long time no news. Is there any update if anything is going on in this case?

[canth]

Long time no news. Is there any update if anything is going on in this case?

I'll give you an update. Alberto and Fabrizio Tatti are a lot richer today then when they ran away with the funds in 2013, assuming they held their BTC that is.

[alexrose2699]

I strongly support this, even as a non-shareholder.
Let's see, how far we can go with the probably first crowd funded Bitcoin lawsuit.

[SebastianJu]

I strongly support this, even as a non-shareholder.
Let's see, how far we can go with the probably first crowd funded Bitcoin lawsuit.

You are 4 years too late. Do you collect posts for raising your account level?

This case is probably hopeless. The italian police looks to be inept. The lawyer is hard to reach and waits for the police. And these fuckers look like they are so stupid that they lost all the scammed coins long ago. Not sure if even finding them and... speaking with them would yield anything. They are trash. Their mother has money but looks like she was shocked after hearing the damage they made.

So not so much hope for the money but still it would be a pleasure to see this scum going to jail.

[JamesAHurtado]

Tomorrow I will contact the lawyer again and let's see how it goes from there. I'm not sure how the payment for the lawyer is handled, but I just want to confirm that the virtual make one. Great work behind the curtain and this theme is legit.
I will be attending the weekend from all of this because I have logged many hours into this situation this week, but you can expect me to return to the event fully next week.

Thanks for the support

[SebastianJu]

Tomorrow I will contact the lawyer again and let's see how it goes from there. I'm not sure how the payment for the lawyer is handled, but I just want to confirm that the virtual make one. Great work behind the curtain and this theme is legit.
I will be attending the weekend from all of this because I have logged many hours into this situation this week, but you can expect me to return to the event fully next week.

Thanks for the support

Hello, do I know you under another bct account? Can you send me a pm? Would be interested to know what your interest is in this.

[dannyodaytommytalker]

I strongly support this, even as a non-shareholder.
Let's see, how far we can go with the probably first crowd funded Bitcoin lawsuit.

You are 4 years too late. Do you collect posts for raising your account level?

This case is probably hopeless. The italian police looks to be inept. The lawyer is hard to reach and waits for the police. And these fuckers look like they are so stupid that they lost all the scammed coins long ago. Not sure if even finding them and... speaking with them would yield anything. They are trash. Their mother has money but looks like she was shocked after hearing the damage they made.

So not so much hope for the money but still it would be a pleasure to see this scum going to jail.

I feel you. It would be nice (and a historic first) to see a BTC thief/scammer brought to justice and the stolen BTC returned, but I'm afraid that may never happen. In this case or any other.

It's hard enough to collect from regular fiat based frauds... if the money is gone, it's gone. If the thief has no other way to raise funds than scamming they ain't ever going to be able to pay anything back. Add BTC's stealthy easily moved, easily hidden properties it's even harder to protect from frauds and scammers. Factor in how easy it is to steal, how naive newbies are when handling it, how "Wild West" the whole ecosystem is at this point and how greedy for ridiculous overnight profits plenty new users are... doesn't look like BTC will ever have any long term use except for scamming stealing and ripping people off.

[bjack0815]

I strongly support this, even as a non-shareholder.
Let's see, how far we can go with the probably first crowd funded Bitcoin lawsuit.

You are 4 years too late. Do you collect posts for raising your account level?

This case is probably hopeless. The italian police looks to be inept. The lawyer is hard to reach and waits for the police. And these fuckers look like they are so stupid that they lost all the scammed coins long ago. Not sure if even finding them and... speaking with them would yield anything. They are trash. Their mother has money but looks like she was shocked after hearing the damage they made.

So not so much hope for the money but still it would be a pleasure to see this scum going to jail.

I feel you. It would be nice (and a historic first) to see a BTC thief/scammer brought to justice and the stolen BTC returned, but I'm afraid that may never happen. In this case or any other.

It's hard enough to collect from regular fiat based frauds... if the money is gone, it's gone. If the thief has no other way to raise funds than scamming they ain't ever going to be able to pay anything back. Add BTC's stealthy easily moved, easily hidden properties it's even harder to protect from frauds and scammers. Factor in how easy it is to steal, how naive newbies are when handling it, how "Wild West" the whole ecosystem is at this point and how greedy for ridiculous overnight profits plenty new users are... doesn't look like BTC will ever have any long term use except for scamming stealing and ripping people off.

A newbie has spoken 

[CHAO]

insist on!!!!!!!!!!!!

[Dennbagus008]

If you want to see what smart scammers look like, just look at HashFast.  They're clearly emulating the BFL business model.

[mumung]

What is the status on this. Is this investigation still ongoing or dead?

Thanks.

[bjack0815]

I hope that there is still any investiagion ongoing. It would be too sad if these scammers would get through with it.

[SebastianJu]

I hope that there is still any investiagion ongoing. It would be too sad if these scammers would get through with it.

Situation is that we know the scammers, they are lowlifes, catched by the police some months ago for owning drugs. I think the police already lost them again without italian police keeping them because we search for them. I did not try to hunt the lawyer down again to get more infos. Don't have the time.

[raaaj100]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

[SebastianJu]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

We have an italian lawyer. He was paid at the start. He filed the needed documents but italian police was not able to find these guys. We found and contacted the mother of these guys, it's not a poor family, but when she heard the amount of damage he did the contact broke. Finally someone found that these guys were caught by the police for owning a reasonable amount of drugs and hiding in one of the family houses. I reached the lawyer by phone, he was interested but I did not hear anything from him anymore. So I guess nothing more happened.

[bjack0815]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

We have an italian lawyer. He was paid at the start. He filed the needed documents but italian police was not able to find these guys. We found and contacted the mother of these guys, it's not a poor family, but when she heard the amount of damage he did the contact broke. Finally someone found that these guys were caught by the police for owning a reasonable amount of drugs and hiding in one of the family houses. I reached the lawyer by phone, he was interested but I did not hear anything from him anymore. So I guess nothing more happened.

Maybe the lawyer should be offered a share of the claimed amount.

[iCEBREAKER]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

We have an italian lawyer. He was paid at the start. He filed the needed documents but italian police was not able to find these guys. We found and contacted the mother of these guys, it's not a poor family, but when she heard the amount of damage he did the contact broke. Finally someone found that these guys were caught by the police for owning a reasonable amount of drugs and hiding in one of the family houses. I reached the lawyer by phone, he was interested but I did not hear anything from him anymore. So I guess nothing more happened.

So are you going to hire another new lawyer to sue the first lawyer?

I only ask because you very much seem to enjoy throwing good money after bad.

Crying to the Nanny State Courts, demanding a second bailout for your self-inflicted ASIC gambling losses?  Really? Satoshi wept.

Your answer to every problem is to hire lawyers, which shows you don't at all grok the ethos of Bitcoin.

[Neurocrypt]

It can take up to five years to finish legal proceedings (including the time needed for investigation). Add to this that Italian courts and authorities are known for being notoriously slow in handling cases (sometimes this fact is used as a strategy by international lawyers to slow down proceedings in national cases, otherwise known as the 'Italian torpedo'). I think it is safe to say that expecting answers in a month time is very unrealistic.

We have an italian lawyer. He was paid at the start. He filed the needed documents but italian police was not able to find these guys. We found and contacted the mother of these guys, it's not a poor family, but when she heard the amount of damage he did the contact broke. Finally someone found that these guys were caught by the police for owning a reasonable amount of drugs and hiding in one of the family houses. I reached the lawyer by phone, he was interested but I did not hear anything from him anymore. So I guess nothing more happened.

So are you going to hire another new lawyer to sue the first lawyer?

I only ask because you very much seem to enjoy throwing good money after bad.

Crying to the Nanny State Courts, demanding a second bailout for your self-inflicted ASIC gambling losses?  Really? Satoshi wept.

Your answer to every problem is to hire lawyers, which shows you don't at all grok the ethos of Bitcoin.

Hiring new lawyer could help but a smart one

[GoWest]

As an investor in ZIP.A back in the day (ZipConf was also a victim of Alberto's wrong-doings), I look forward to seeing justice in this case. Nothing to do with money.

[StacyKo]

Many of its claims were refuted and media released was claimed to have been manipulated or be of infeasible design for the claims. By the 5th of November, some of the investors made claims to begin a lawsuit against the people involved in what they believe to have been a scam.

[burnside]

I think no one has really more proof of owning the shares. Luckily with burnside we have an exchange owner that did not run and is still communicating so he would help us with backing our claims for sure.

Sorry, responding to an old post, but I figure it's still relevant.

I don't have all the servers anymore, but I do have CSV's of trades for all accounts that could be used to show ownership prior to BTC-TC's closure.  Labcoin may potentially counter that you could have sold them when they moved to an alternate exchange, but should anyone need their BTC-TC CSV I am happy to assist as time allows.

Cheers

[virtualspade]

Hello everyone,

The news we all have been waiting for has arrived...

Alberto Armandi will be prosecuted in Italy this September for the Labcoin case following the complain.

More details on how to claim your BTC from the case will become available later, after I discussed it more with the lawyer.

[dexX7]

Hello everyone,

The news we all have been waiting for has arrived...

Alberto Armandi will be prosecuted in Italy this September for the Labcoin case following the complain.

More details on how to claim your BTC from the case will become available later, after I discussed it more with the lawyer.

Is this true?

Woooow!

Is there any news about this? How did they find him, what caused the arrest? I'm so curious!

edit: found it!

http://www.sardiniapost.it/cronaca/villamassargia-droga-e-munizioni-durante-un-controllo-due-arresti/

Appearingly Alberto Armandi and Alessio Arceri were busted because of drugs.

So Alessio was also indeed involved in Labcoin after all, like we believed back in the days?

[E.Sam]

Hello everyone,

The news we all have been waiting for has arrived...

Alberto Armandi will be prosecuted in Italy this September for the Labcoin case following the complain.

More details on how to claim your BTC from the case will become available later, after I discussed it more with the lawyer.

Nice one Virtualspade! Wondering if he will have to give back BTCs or their corresponding values at the time.

[SebastianJu]

Great news but it sounds like a Déjà-vu. That happened on january 2016 already. Both brothers captured in their jeep carrying drugs. While they hid in one of the hotels of their family. Here we posted about it: https://bitcointalk.org/index.php?topic=1495596.0. Does this mean the italian police worked on this over 2 years? Were these guys in custody all this time?

Virtualspade... great to hear something from you. Can you make this point a bit more clear? I thought the police released them while they didn't even notice that they were searched for questioning.

I really hope something is in it now. I fear those stupid guys, with that stupid lifestyle, might have not been able to create anything and waste all the money they get was gone in a short time. So I wonder if I should get some hope up. That was my thought after I read about them 2 years ago.

If we really succeed... well... LCSH for the win.

[virtualspade]

Yes dexX7, it's true Alberto will go to court for the Labcoin complaint we made.

I got a copy of the official document from the Public Prosecutor stating that our complaint is going to court in September this year.

I didn't know about the drug bust that happened before, and I have no information about that.

[CHAO]

Dear virtualspade,

You do a good job!!!!!!!!!!!!!

[GTR_JOEY]

Wow, Im glad the BTC i donated has been put to good use.

Thankyou for your hard work Virtual Spade. I look forward to future updates

[kololo]

Yes dexX7, it's true Alberto will go to court for the Labcoin complaint we made.

I got a copy of the official document from the Public Prosecutor stating that our complaint is going to court in September this year.

I didn't know about the drug bust that happened before, and I have no information about that.

Wow! It is a great news! Thanks for your massage! Great work for you.

If you have some news, please PM to me.


Thanks a lot!

[dexX7]

Yes dexX7, it's true Alberto will go to court for the Labcoin complaint we made.

I got a copy of the official document from the Public Prosecutor stating that our complaint is going to court in September this year.

I didn't know about the drug bust that happened before, and I have no information about that.

This is awesome!

Would you mind providing a copy of the document?

Do you know, if Alessio was indeed involved?

[merv77]

This is great news.

Many thanks virtualspade.

[merv77]

Hello everyone,

The news we all have been waiting for has arrived...

Alberto Armandi will be prosecuted in Italy this September for the Labcoin case following the complain.

More details on how to claim your BTC from the case will become available later, after I discussed it more with the lawyer.

Is this true?

Woooow!

Is there any news about this? How did they find him, what caused the arrest? I'm so curious!

edit: found it!

http://www.sardiniapost.it/cronaca/villamassargia-droga-e-munizioni-durante-un-controllo-due-arresti/

Appearingly Alberto Armandi and Alessio Arceri were busted because of drugs.

So Alessio was also indeed involved in Labcoin after all, like we believed back in the days?

What's the article above got to do with Labcoin?
it doesn't mention anything about Labcoin.

[dexX7]

What's the article above got to do with Labcoin?
it doesn't mention anything about Labcoin.

Correct, this is unrelated to Labcoin, but it's about Alberto Armandi and Alessio Arceri. I assumed this is how they were found (further assuming they were hiding before).

[merv77]

we'll have to wait for what virtualspade is going to find out from the lawyers.

is in custody at the moment waiting to front court in September?
if not, will he present himself at court come September?
Does he still have the bitcoin to pay us back?
if not, what will happen to him and our bitcoin?

[virtualspade]

Thank you everyone for your kind words, but the fact is that I could not have done this without all you guys.

So a big thanks out to all you guys who helped with the case, and to everyone who joined the complaint and

everyone who donated.

Big thanks also to the lawyers, who made the complaint, that is now going to court.

This is awesome!

Would you mind providing a copy of the document?

Do you know, if Alessio was indeed involved?

Yes this is awesome

I will not provide a copy of the document publicly, as it contains personal information,

and the lawyer suggested that I don't share the document.

But for you dexX7, I could share it with you, for verification purposes and also to satisfy

your curiosity in the case. But I'll need to check that with the lawyer first.

To my knowledge Alessio has nothing to do with our complaint, as he was not in it as a suspect.


As for Albertos whereabouts, I can only speculate. But after reading the news about his drug bust,

and reading some about Italian drug laws, he could be in prison now.


quote from http://www.emcdda.europa.eu/countries/drug-reports/2017/italy/drug-laws-and-offences_en

"offences related to the supply of less dangerous drugs (cannabis, etc.) attract a penalty of 2-6 years’ imprisonment."

He was busted with 300 grams of marijuana with intent to sell, so not so good for him.

If I remember he had some prior cannabis thing also.


I couldn't find any information about if they got any bitcoins in his bust, so who knows if there is any BTC to get back.


I'll also like to say, that I have a 30 PM/Day limit on my account, so I can not answer all you questions by PM right away.

[Kushedout]

This is great news.

Many thanks virtualspade.

"offences related to the supply of less dangerous drugs (cannabis, etc.) attract a penalty of 2-6 years’ imprisonment."

wow, didn't think this day would come. Gona spark a fat one to celebrate. 

[GTR_JOEY]

@virtual spade,

whats the best case scenario for investors who got ripped off if the law suit goes well?

Regards

Joey

[dexX7]

I will not provide a copy of the document publicly, as it contains personal information,

and the lawyer suggested that I don't share the document.

But for you dexX7, I could share it with you, for verification purposes and also to satisfy

your curiosity in the case. But I'll need to check that with the lawyer first.

To my knowledge Alessio has nothing to do with our complaint, as he was not in it as a suspect.

Interesting. Back in the days, if I recall correctly, some of the miners were actually shipped to Alessio and I really thought we got him, too.

I'd be happy to verify the document, while keeping it private.

[bryant.coleman]

It has been so many years... and I had almost forgot the amount I lost in the Labcoin scam. And back then, BTC0.10 was not a very big amount (that was the amount I lost in their scam). But now it is worth close to $900.

[pedrog]

It has been so many years... and I had almost forgot the amount I lost in the Labcoin scam. And back then, BTC0.10 was not a very big amount (that was the amount I lost in their scam). But now it is worth close to $900.

Down BTC1.5, not big money back then...

[ersmny1]

haha everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

[E.Sam]

haha everyone who is involved must contribute SOME amount of BTC, else they risk the possibility of what that may mean if any of the funds are recovered 

If I remember correctly, some of us did pitched in for the lawyer's fees. We also sent him our respective amount of shares and invested BTCs.

@virtual spade,

whats the best case scenario for investors who got ripped off if the law suit goes well?

Regards

Joey

My best guess is that if Alberto is found guilty and has to repay investors, then it depends if the judge asks for the reimbursement to be in actual BTCs or the then value of BTC.

[bjack0815]

My best guess is that if Alberto is found guilty and has to repay investors, then it depends if the judge asks for the reimbursement to be in actual BTCs or the then value of BTC.

I fear that Alberto has nothing at all to compensate the shareholders.

[virtualspade]

I finally got the summary on how to proceed with the case from the lawyer.

Here it is:


The trial will start in Cagliari (Sardinia) on 12 September and almost certainly will be able to split into some hearings depending on the choices of Armandi’s defense.

Any postponement of the hearing could last a few months.

In the event of procedural problems (such as errors in notifying the defendant), the timing could be further extended.

What could happen:

1) "Plea bargain": The defendant agrees a sentence with the Prosecutor and the Judge accepts the agreement: in this case there will be no reimbursement of damages, but only legal fees.

2) "Abbreviated": The defendant decides to do the trial without witnesses to save time and have a penalty discount. In this case the injured parties have less of a chance to prove the damages suffered, but in the event of conviction they can get compensation.

3) "Debate": The defendant chooses to run the full trial. In this case all the injured parties who want to get compensation must come to Italy to testify and explain to the judge what damage they have suffered. The process in this case will last longer and, in the event of a conviction, the civil parties will be able to obtain compensation.

What does it mean to get compensation (number 2 and 3)?

If Armandi is convicted, the judge can establish that Armandi must immediately pay at least some of the damage in favor of the civil parties (injured parties). The judge could also say that the compensation will have to take place after Armandi's appeal. Legal fees are never refunded before the second degree. It could also happen that the Judge condemns Armandi, but tells the civil parties that the quantification of compensation must be deferred to a civil judge. In any case, even if Armandi is sentenced to pay, it is not said that he will pay on his own initiative. The sentence can be executed only if he has a salary, or owns a saving or checking account, real estate, other assets or the shares of a company.

How can Armandi be condemned for damages?

You must be a civil party by the beginning of September.

Only people who have been damaged in the Labcoin project in 2013 can ask the Judge to take up the role of civil parties (injured parties) into the trial.

Anyone wishing to establish himself as civil party must sign a special power of attorney in Italian before the lawyer in Italy, or before a notary (or a diplomatic agent at a Consulate or an Italian Embassy abroad).

The text of the power of attorney will be sent to the interested party directly by the lawyer via e-mail. The notary's authenticity must be in Italian, or translated by the notary himself or by an official translator in Italian. The original document must be sent in original by post to the law firm by mid July.

The costs of authentication, translation and mailing of the deed must be beared by the party willing to establish himself as damaged party in the trial.

What are the legal fees for the establishment of a civil party and participation in the trial?

 A)     Just virtualspade

Indicatively the total cost for the participation of a lawyer ("honorary") representing virtualspade is 4,000 euros for the entire duration of the first degree of judgment (hypothesis No. 3).

To this sum must be added the costs of air transfer to Cagliari to be quantified in about 500 euros if the trip can take place in the day, or in 800-1000 euros if the trip involves the need to stay in the hotel.

B)      virtualspade + 1

In the event that other people establish themselves as civil parties in addition to virtualspade, it will be appropriate to involve a second defender representing the other damaged shareholders. It can be assumed that the total costs of two lawyers are 8,000 euros (if the people who make up are two).

C)      virtualspade + many others

To the sum defined at point B) must be added 700 euros for each additional civil party that want to be added to the trial.

In this way, if you wanted to constitute 50 people, the total cost would be 41,600 euros (equal to 8000 euros + 700 euros x 48 people) which, divided equally, would involve an expenditure of only 832 euros per person (which would reach around 1000 euros including travel expenses).

In the hypothesis 2) the fees will be reduced by 10%, without prejudice to the out-of-pocket expenses.

In the hypothesis 1) the fees will be reduced by 20%, without prejudice to the out-of-pocket expenses.

The above-mentioned fees are understood to include a special tax for lawyers (CPA 4%), but VAT (in Italy equal to 22%) is excluded.

Each client will pay half of the fees due by bank transfer at the time of sending the special power of attorney.

The remaining half of the balance must be paid by the end of 2018, always by bank transfer.
Let me know if you need any more information.

Best regards

Riccardo Marini


I'm very busy this weekend, so I'll just post this without comments.

If you are interested in joining the case, and willing to do what is needed, and have the money, pm me or send
email to labcoin(dot)scam(at)gmail(dot)com.

I'm going to be away until next week, so if you have any questions you'll have to wait until then.

[burnside]

Is there an Italian equivalent of a private investigator?  Someone that can figure out what assets Armandi has available?

Do the police have the ability to seize his computers and banking documents and look for traces of bitcoin?  (Would they know what to look for?)

Pretty sure the courts will value the losses as of 2013, not as of 2018.  (as they should - BTC could have gone to zero instead.)

Thank you for putting in all this work!

[Equilux]

I finally got the summary on how to proceed with the case from the lawyer.

Here it is:


The trial will start in Cagliari (Sardinia) on 12 September and almost certainly will be able to split into some hearings depending on the choices of Armandi’s defense.

Any postponement of the hearing could last a few months.

In the event of procedural problems (such as errors in notifying the defendant), the timing could be further extended.

What could happen:

1) "Plea bargain": The defendant agrees a sentence with the Prosecutor and the Judge accepts the agreement: in this case there will be no reimbursement of damages, but only legal fees.

2) "Abbreviated": The defendant decides to do the trial without witnesses to save time and have a penalty discount. In this case the injured parties have less of a chance to prove the damages suffered, but in the event of conviction they can get compensation.

3) "Debate": The defendant chooses to run the full trial. In this case all the injured parties who want to get compensation must come to Italy to testify and explain to the judge what damage they have suffered. The process in this case will last longer and, in the event of a conviction, the civil parties will be able to obtain compensation.

What does it mean to get compensation (number 2 and 3)?

If Armandi is convicted, the judge can establish that Armandi must immediately pay at least some of the damage in favor of the civil parties (injured parties). The judge could also say that the compensation will have to take place after Armandi's appeal. Legal fees are never refunded before the second degree. It could also happen that the Judge condemns Armandi, but tells the civil parties that the quantification of compensation must be deferred to a civil judge. In any case, even if Armandi is sentenced to pay, it is not said that he will pay on his own initiative. The sentence can be executed only if he has a salary, or owns a saving or checking account, real estate, other assets or the shares of a company.

How can Armandi be condemned for damages?

You must be a civil party by the beginning of September.

Only people who have been damaged in the Labcoin project in 2013 can ask the Judge to take up the role of civil parties (injured parties) into the trial.

Anyone wishing to establish himself as civil party must sign a special power of attorney in Italian before the lawyer in Italy, or before a notary (or a diplomatic agent at a Consulate or an Italian Embassy abroad).

The text of the power of attorney will be sent to the interested party directly by the lawyer via e-mail. The notary's authenticity must be in Italian, or translated by the notary himself or by an official translator in Italian. The original document must be sent in original by post to the law firm by mid July.

The costs of authentication, translation and mailing of the deed must be beared by the party willing to establish himself as damaged party in the trial.

What are the legal fees for the establishment of a civil party and participation in the trial?

 A)     Just virtualspade

Indicatively the total cost for the participation of a lawyer ("honorary") representing virtualspade is 4,000 euros for the entire duration of the first degree of judgment (hypothesis No. 3).

To this sum must be added the costs of air transfer to Cagliari to be quantified in about 500 euros if the trip can take place in the day, or in 800-1000 euros if the trip involves the need to stay in the hotel.

B)      virtualspade + 1

In the event that other people establish themselves as civil parties in addition to virtualspade, it will be appropriate to involve a second defender representing the other damaged shareholders. It can be assumed that the total costs of two lawyers are 8,000 euros (if the people who make up are two).

C)      virtualspade + many others

To the sum defined at point B) must be added 700 euros for each additional civil party that want to be added to the trial.

In this way, if you wanted to constitute 50 people, the total cost would be 41,600 euros (equal to 8000 euros + 700 euros x 48 people) which, divided equally, would involve an expenditure of only 832 euros per person (which would reach around 1000 euros including travel expenses).

In the hypothesis 2) the fees will be reduced by 10%, without prejudice to the out-of-pocket expenses.

In the hypothesis 1) the fees will be reduced by 20%, without prejudice to the out-of-pocket expenses.

The above-mentioned fees are understood to include a special tax for lawyers (CPA 4%), but VAT (in Italy equal to 22%) is excluded.

Each client will pay half of the fees due by bank transfer at the time of sending the special power of attorney.

The remaining half of the balance must be paid by the end of 2018, always by bank transfer.
Let me know if you need any more information.

Best regards

Riccardo Marini


I'm very busy this weekend, so I'll just post this without comments.

If you are interested in joining the case, and willing to do what is needed, and have the money, pm me or send
email to labcoin(dot)scam(at)gmail(dot)com.

I'm going to be away until next week, so if you have any questions you'll have to wait until then.

Wow thanks for your perseverance! Sad to see that there are so few replies here, hopefully some people got in touch with you to see this through.
I wont be able to help but I am interested to see how this turns out since I was affected by one of Armandi's other scams.

[runderwo]

Hi, my watch on this topic had become disabled.  Is it too late to join?

[PirateHatForTea]

Did anything ever come of this?

[ferskvare]

Would be nice to get an update on this. I don't have much, but I see that it said funds needed to be provided by end of 2018. So, if need be, I might be able to chip in a little bit at least, provided an update of the case.

[ewibit]

Would be nice to get an update on this. I don't have much, but I see that it said funds needed to be provided by end of 2018. So, if need be, I might be able to chip in a little bit at least, provided an update of the case.

how much funds?
thx

[WhateverIFeelLike]

I wont be able to help but I am interested to see how this turns out since I was affected by one of Armandi's other scams.

Same here, except it's Labcoin. What's the situation now? I haven't been getting notifications.

[Vishnu.Reang]

Almost 6 years have passed and still there is no indication that the victims will be getting any sort of compensation. Fortunately, I didn't lost any of my coins to this scam. But the guy who introduced me to the world of crypto-currency lost some of his precious coins. It is sad... this incident also follows a very familiar pattern... with the scammers remaining free and the victims losing their hope of getting a refund.

[iCEBREAKER]

report to the police, this is an international network of fraud case.

Thank goodness!

The BITCOIN POLICE are on the case!

Well that turned out exactly as expected.   

Almost 6 years have passed and still there is no indication that the victims will be getting any sort of compensation. Fortunately, I didn't lost any of my coins to this scam. But the guy who introduced me to the world of crypto-currency lost some of his precious coins. It is sad... this incident also follows a very familiar pattern... with the scammers remaining free and the victims losing their hope of getting a refund.

It's sad after 6 years people still think getting lawyers involved will do anything other than make sure 90% of the the money gets burned by legal fees.

You don't have to be PCR to realized The rule of law has given way to law as a weapon in the hands of government...

If you are still stuck on the Lawyer=Justice=$$$$$ fantasy pushed by Hollywood movies and TV, you may just be the slowest potato in the french fry factory.

Clue: this is Clown World and the lawyers and NOT your friends.