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Author Topic: labcoin lawsuit  (Read 75150 times)
virtualspade
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November 13, 2013, 10:48:00 AM
 #21

Hey everyone,

So we have now 2 million shares backing up the coming complaint Smiley 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 Smiley


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
   

virtualspade's cold beer fund: BTC:1PFLjadp8BUXihShfEmhCKugUUfo8SveJy LTC:LUTaae2YTkZomPgd2AeqKyNonpe2iTgZ7R  WDC:WQ6hNRmN4cDhF6XmccRN6uruWinLkZd2Aj More over here
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Ytterbium
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November 13, 2013, 09:21:56 PM
 #22

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.

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November 14, 2013, 05:57:22 PM
 #23

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
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November 18, 2013, 03:31:49 AM
 #24

You guys are great. Sam must be punished.

CoolCoin -Forever Free IPO. CJESn8oTUXCCxVTLDrwvdEV9qVAjicQAFM
Freebiescoin- 100% Free Distribution FGtwQEwhhkFghookBAAt7wFLzYiB4ZqcEc    [ANN] PixxCoin | PoS | Wallet with built in Exchange Dice Game And Fa | Free IPO.     
TheSmurfsCoin.TZbPoWgjV46ffQeS8QDd9WHC1YTmBYFQLf
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VolanicEruptor
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November 18, 2013, 03:53:51 AM
 #25

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
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November 18, 2013, 04:38:16 AM
 #26

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
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November 18, 2013, 06:12:00 AM
 #27


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
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November 18, 2013, 06:17:17 AM
 #28

PM'd VirtualSpade

only 4000 shares but worth chasing down I think
yellowli
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November 18, 2013, 09:35:00 AM
 #29

I wish I could participate in, but I was in China, I only had 5638 strands. Support you.
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November 18, 2013, 12:42:45 PM
 #30

I'm supporting too. My 20k shares are not many, but it is something Smiley VirtualSpade, Do I need to PM you something ? I'm ready to pay some BTC for justice. Grin
kingfzero
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November 18, 2013, 02:01:19 PM
 #31

I'm supporting too. My 70K.
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November 18, 2013, 04:17:16 PM
 #32

support here~~21K
virtualspade
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November 18, 2013, 04:50:43 PM
 #33

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.

virtualspade's cold beer fund: BTC:1PFLjadp8BUXihShfEmhCKugUUfo8SveJy LTC:LUTaae2YTkZomPgd2AeqKyNonpe2iTgZ7R  WDC:WQ6hNRmN4cDhF6XmccRN6uruWinLkZd2Aj More over here
nanobrain
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November 18, 2013, 11:55:23 PM
 #34

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.

nothing to see here
E.Sam
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November 19, 2013, 12:00:47 AM
 #35

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).

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November 19, 2013, 06:50:51 AM
 #36

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.

nothing to see here
kololo
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November 19, 2013, 08:46:29 AM
 #37

18K shares!

CoolCoin -Forever Free IPO. CJESn8oTUXCCxVTLDrwvdEV9qVAjicQAFM
Freebiescoin- 100% Free Distribution FGtwQEwhhkFghookBAAt7wFLzYiB4ZqcEc    [ANN] PixxCoin | PoS | Wallet with built in Exchange Dice Game And Fa | Free IPO.     
TheSmurfsCoin.TZbPoWgjV46ffQeS8QDd9WHC1YTmBYFQLf
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iiping
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November 19, 2013, 09:09:10 AM
 #38

25k share
bitcoiner49er
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November 19, 2013, 10:25:10 PM
 #39

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

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kingfzero
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November 19, 2013, 11:36:48 PM
 #40

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