All the latest Scams at www.badbitcoin.org

[Colonel32]

We keep you up to date with all the latest Bitcoin scams, ponzi's, bad mining, rip-offs and the rest.
And for a limited time we're Blatantly promoting the site by giving away FREE Maxcoin !!
No Signup, No Catch, we just want you to stop by the site.

The only Scam Alerts you'll ever need. Twitter @Badbitcoinorg

Vik - Editor - www.badbitcoin.org

[roslinpl]

Interesting

How you recon reported scam is a scam?

[BeastOptions]

They are the scam.

They just black listed us without ever contacting us lol. Its simple the black list then send you to the verify page which is nice and cryptic contact us and we will let you know what to do to "verify"

Yeah okay how much money do you want. Not paying a cent btw so dont bother asking.

[BeastOptions]

So this is their reply.

When we say lets let the laywers deal with they say basically. We are bitcoin company you cant sue us. When we asked them to let us respond the so called reports about us they did not comment. Basically just want us to pay them to go away. Of course they use very nice language and choose their words wisely but in the end they are nothing more the scam artists looking to extort us.

We look forward to meeting them in person.


We have noted your comments. Please visit our site anytime you may wish to take advantage of verification.
www.badbitcoin.og/verify It is to the benefit of any project to endorse their status.
 
In the meantime, as there is no traceable support to your claims of Company Status, no known Company Registration in your operations name or similar, and no credit records or references whatsoever in any province that we can research, and also that you have refused to consider providing any form of proof of either Company Address or Personal Address, then we feel there is no reason why people should be encouraged to trust you with their funds, at least  without exercising some element of caution.
A legitimate operator has absolutely no reason to hide.
 
Regarding the legal threats.
As a Bitcoin business you should note that there is no legal jurisdiction that you can refer to, however:
 
We also keep a full record of all aspects and timings of our investigation, witnesses etc. and are confident that we can show due diligence in our reporting should you wish to pursue that avenue.

[roslinpl]

I do not like their name "badbitcoin" seems not a good company to deal with just from it's name

[BeastOptions]

Received another email from them. For some reason they calling us Bitcoin company.

Clearly these guys have no idea what they are doing.

If they had any interest in running a proper consumer protection site they would attempt to actually contact the company before extorting the company.
They would not hide behind the vale of "we are Bitcoin company, you cant sue us"

Now we have to track them down and speak with their local authorities and pass on the communications and try and have them charged with extortion and let our lawyers deal with them in a civic suit. Next week we will start contacting all the other sites they have listed and see if we can turn this into a class action law suit.

What a waste of our time but we wont be extorted.

[Djao]

@BeastOptions: mind telling us which site is yours?

@topic: the site looks very 2000ish and is nowhere near as entertaining as Buttcoin is. This said it still was entertaining, will check from time to time.

[BeastOptions]

So it keeps getting better with these guys.

After their exhaustive "investigation" they where unable to figure out where are registered. Making allegations that we are not a business and a fraud Bitcoin company.

Well lets see.

1. We are not a Bitcoin comapny. How many times do we need to tell these jokers. We are Binary Options platform that accepts Bitcoin as form of payments. People like these ones running Badbitcoin.org are one of reasons major retailers stay away from Bitcoin. They make the whole community look bad.

2. We have payment processing. What does that mean we have to have registered company.
3. The regulations we are subject to are intense.
4. Bitcoin is a very small portion of our deposits. What does that mean, VISA, Mastercard ect ect do not provide payment processing for non companies that are not registered.

These guys should not be taken seriously at all. They have no idea what the companies they list do. They have no idea to how to "investigate" and sole purpose is to extort information and possibly money from sites.

The worst thing is they do not even contact the companies they list before listing them. Its simple extortion. Anyone using this site as source of information is putting themselves at risk. They have no clue what they are doing.


To answer the one posters question. I am not sure if we can post urls here but searching Beast Options you will find us. Its Binary Options trading site.

[Djao]

just to make sure we talk about the same thing, this is your site?

https://beastoptions.com/

and the stuff badbitcoin posted about you was this?

Newest Alerts

Beastoptions.com  We can't verify covenance on this site. The site owner refuses to verify his/her details. Plenty of uncomplementary reports on all the forums and no company by that name is registered in Gibraltar -We've done our homework - Your Risk 28/03/14 - Ps. The https is false too.

[BeastOptions]

Hey, Yes they are talking about us.

I see they have updated their posting on us to step up their lies. They are very angry that we are exposing them here and not allowing them to extort us.
Now they are just flat out lying.


They have done zero home work. At best they have no clue how to run a site like this or at worst they are criminals. Extortion is illegal.

To give some information here for eveveryone.

1. The site itself has a godaddy SSL. (Honestly you are this useless you cant click on the SSL lock icon and then click on connections for more info. This is how investigate one click? )
2. The sensitive sections, the traderoom and the cashier sections are hosted on Cloudflare to protect against attacks.
3. We have offices over the world London, Gibraltar and soon Russia. We have never told anyone where we are registered.

These guys are a complete and total joke and anyone using them as a source of information is putting themselves at risk because they have no idea what they are doing. These guys are just complete clowns.

1. They have no clue how business incorporate, name themselves or operate.
2. They have no clue what type of business they are black listing you should see the email they send. They want us to explain to them what we do? Really this is how investigate we have more then 20 videos explaining and more then 20k words of content READ, WATCH USE GOOGLE lol. My grandmother is better at online investigations then these guys.
3. They black list THEN contact you demanding things in return to take down the listing (This is called extortion its illegal)
4. They are building a database of Bitcoin companies owners and registration information. Yeah this is safe. We are not a Bitcoin company so it does not matter to us, its just a matter of principle now. We will not be extorted for a penny or information. But think about this for a minute. A company this incompetent is collecting personal data on who owns all the Bitcoin companies out there. If the company does not comply the call them a fraud. Am I the only one that sees this a extremely fish and potentially dangerous.

Some in the Bitcoin or digital currency world needs to stop these clowns before YOUR personal information is handed to IRS or any other agency they decide to sell their extorted information to.

In their minds they are have some right to having a database of everybody's personal information in the Bitcoin? Really what makes you the NSA's gate keeper of information. Why would anyone trust you with their personal information. You have already extorted the company but we are supposed to give you personal info.

NOBODY SHOULD TRUST THESE CLOWNS.

The funny thing as soon as they started threatening us and we started pushing back we had a 70% increase in fraud attempts on the site.

I wonder why.

[Colonel32]

Hey, Yes they are talking about us.

I see they have updated their posting on us to step up their lies. They are very angry that we are exposing them here and not allowing them to extort us.
Now they are just flat out lying.


They have done zero home work. At best they have no clue how to run a site like this or at worst they are criminals. Extortion is illegal.

To give some information here for eveveryone.

1. The site itself has a godaddy SSL. (Honestly you are this useless you cant click on the SSL lock icon and then click on connections for more info. This is how investigate one click? )
2. The sensitive sections, the traderoom and the cashier sections are hosted on Cloudflare to protect against attacks.
3. We have offices over the world London, Gibraltar and soon Russia. We have never told anyone where we are registered.

These guys are a complete and total joke and anyone using them as a source of information is putting themselves at risk because they have no idea what they are doing. These guys are just complete clowns.

1. They have no clue how business incorporate, name themselves or operate.
2. They have no clue what type of business they are black listing you should see the email they send. They want us to explain to them what we do? Really this is how investigate we have more then 20 videos explaining and more then 20k words of content READ, WATCH USE GOOGLE lol. My grandmother is better at online investigations then these guys.
3. They black list THEN contact you demanding things in return to take down the listing (This is called extortion its illegal)
4. They are building a database of Bitcoin companies owners and registration information. Yeah this is safe. We are not a Bitcoin company so it does not matter to us, its just a matter of principle now. We will not be extorted for a penny or information. But think about this for a minute. A company this incompetent is collecting personal data on who owns all the Bitcoin companies out there. If the company does not comply the call them a fraud. Am I the only one that sees this a extremely fish and potentially dangerous.

Some in the Bitcoin or digital currency world needs to stop these clowns before YOUR personal information is handed to IRS or any other agency they decide to sell their extorted information to.

In their minds they are have some right to having a database of everybody's personal information in the Bitcoin? Really what makes you the NSA's gate keeper of information. Why would anyone trust you with their personal information. You have already extorted the company but we are supposed to give you personal info.

NOBODY SHOULD TRUST THESE CLOWNS.

The funny thing as soon as they started threatening us and we started pushing back we had a 70% increase in fraud attempts on the site.

I wonder why.

As one of the Team - I can assure you that our site is only about exposing bitcoin scams and risks. We requested simply 'What is the name of your Company to Beastoptions. They claim they are a registered company - so what is it ?

Any registered company won't have an issue with this. We don't believe unsubstantiated or unverifiable claims. Sorry if some of you do.
To Beastoptions.

Put up or shut up. We can find no verifiable information whatsoever -which indicates deliberate obfuscation. The site moves host every month or so. However, we've temporarily suspended the listing of this site pending some extended actions and enquiries.
The safety of Bitcoin users is our only, and our prime motivation.

[BeastOptions]

For the last time. We are not supplying you with any information. You have proven without any doubt that your company is at the very best 100% incompetent and your business methods are extortion. If you are so interested in finding out more about our company, do your research on your own. If you had have come to us before posting your nonsense maybe you might have gotten somewhere with our legal team but since your first contact to the site was an extortion attempt you are not getting any information from us until our lawyers are ready to press charges.

So once we know who you are. (Ironically the transparency site likes to hide who their owners are)
Once we have contacted all the other sites on your list and build a solid case.
The local police will let you know who we are or you go to one of the conferences with one our employees who is very active in the space and you can try and convince as to why you owners should not be charged.

Your comment that any registered company would be happy to tell you. Well not when you are extorting them no they wont.

"Put up or shut up. We can find no verifiable information whatsoever -which indicates deliberate obfuscation"

That is comical. We do not have to "Put up or Shut up" We will do neither, we do the exact opposite. Every threat, every fraud attempt on the site we can trace back to you will be made public knowledge.

Its clear you have no idea how to run a company such as Badbitcoin.org. That is very dangerous to the community you are trying to protect. You have no idea what the companies do that you black list, you have no idea how to research or in your terms "investigate" you have no understanding basic business fundamentals and your main method for finding information is extorting companies.

How many times are you going to call us a Bitcoin company before you figure out we are not a Bitcoin company. Thats like calling us Visa because we take Visa as a form of payment. There are privacy laws for reason, you think the Bitcoin world would understand that since Bitcoin was created on the back of privacy but for some reason you guys think you are the gatekeepers of Bitcoin.

I would think that there is much better people in the space that could be and should be running a site like yours. The site is needed and in theory would be a valuable asset to the community if it was not run by extortion artists who have no clue what they are doing.


Your company has proven it has no business collecting information on the Bitcoin community, that it has no understanding of what is and is not a Bitcoin company, that it will use extortion as means to collect information because you have no idea how to do it the rightway.

What this tells me is that A) you have no idea what you are doing, B) at some point in the future you are going to extort us all again. Data is not safe in your hands, your list useless and you are danger to the community you are trying to protect.

Do the right thing and hand this business to someone who knows what they are doing or take it down.

[Colonel32]

We need to retain anonymity for obvious reasons, but for the slower reader, we are certainly not flavour of the month with everybody - However, we aren't asking people to part with their Life Savings , so the anonymity of our team is perfectly reasonable.

Our advice to all Bitcoin Investors is still the same. If you don't know who is taking your money - don't hand it to them.
This 'Investment' Scheme at Beastoptions appears to have a real problem with transparency, and on that basis, at this time, our advice remains the same. A legitimate scheme, with honest intent has absolutely no legitimate right or reason to retain anonymity.
Also. If you are a publicly registered company, you are obliged by all countries laws to declare those Company Details.
So Prove it. Not to us, but to the public You are on no business register that we can find, and you are not registered as Beastoptions or similar in Gibraltar as you claim. These Company records are open to public scrutiny. You are also not regulated or registered in Gibraltar as a Financial Institution or Fund.

We hope people don't lose money to this scheme - but at least they go in with their eyes open, and that they don't know who has their money.

The above details are all correct, and have been fully researched up to date at the time of writing.

And your Lawyers are ?

[Colonel32]

They are the scam.

They just black listed us without ever contacting us lol. Its simple the black list then send you to the verify page which is nice and cryptic contact us and we will let you know what to do to "verify"

Yeah okay how much money do you want. Not paying a cent btw so dont bother asking.

Sorry - very impolite, forgot to answer this.


As you know, initially we tried to contact you, but you had misspelt your email address throught the site and only corrected it when we published that information on our alert.

You originally spelt it as Beatoptions.

Do you want a copy of before and after screenshots, we keep them updated regularly.

[Colonel32]

We need to retain anonymity for obvious reasons, but for the slower reader, we are certainly not flavour of the month with everybody - However, we aren't asking people to part with their Life Savings , so the anonymity of our team is perfectly reasonable.

Our advice to all Bitcoin Investors is still the same. If you don't know who is taking your money - don't hand it to them.
This 'Investment' Scheme at Beastoptions appears to have a real problem with transparency, and on that basis, at this time, our advice remains the same. A legitimate scheme, with honest intent has absolutely no legitimate right or reason to retain anonymity.
Also. If you are a publicly registered company, you are obliged by all countries laws to declare those Company Details.
So Prove it. Not to us, but to the public You are on no business register that we can find, and you are not registered as Beastoptions or similar in Gibraltar as you claim. These Company records are open to public scrutiny. You are also not regulated or registered in Gibraltar as a Financial Institution or Fund.

We hope people don't lose money to this scheme - but at least they go in with their eyes open, and that they don't know who has their money.

The above details are all correct, and have been fully researched up to date at the time of writing.

And your Lawyers are ?

Further - we have noticed the recent changes made to your site, and can see that you no longer claim to be a registered company, but for some odd reason, you still have the map of Gibraltar on that page - you'd better remove that as well, since it has no reason to be on there anymore.

[BeastOptions]

@Colonel32 The amount of lies are starting to pile up very very high and the funny thing is you are doing it online. We are close to finding out who owns the site and at that point you will find out who we are. Our lawyers well not exactly small http://www.orrick.com/Pages/default.aspx we also plan on retaining  Bitcoin lawyer as well this week.

You never once contacted us before trying to extort us. Lie. We have a contact us section on the site, I mean you guys cant be that useless where you could not fill out a simple form are you? But hey that would not support your lies and extortion.

The funniest thing about all this. If you want to find out who we are, make a credit card deposit and look at the descriptor. Man you guys are so incredibly useless its comical.

Anyone using this site for information is asking for trouble. They have no clue what they are doing, they use extorotion and now outright lies to try and bully companies into handing them information they have no right to have and then they themselves hide

The reason you hide is because your are breaking the law. There are companies that do what you do and do it well in other industries but they DO NOT HIDE the owners are very public because they understand that if you are running a legit protection site you MUST be public and stand by your claims

"Further - we have noticed the recent changes made to your site, and can see that you no longer claim to be a registered company, but for some odd reason, you still have the map of Gibraltar on that page - you'd better remove that as well, since it has no reason to be on there anymore." This is just out right lie we have not changed anything on our contact us page. Man you guys are useless.


Its clear it anyone with half a brain you guys have no idea what you are doing.
You have no right to any information on us at all.
You continually state things that are not true like every country on the planet forces you to declare ect ect.
You scream transparency but hide.
You extort information.
You tell outright lies when are exposed.
You have no idea what our company does even though there are over 100 other companies like ours and there are over 20k words of content on our site and over 20 videos explaining.
You make statements like "life savings" Um actually no, we would never ask anyone to deposit their life savings. The min deposit is $200, does that sound like a request for someones life savings? We are not scheme as you keep saying, we are not a Bitcoin exchange or Bitcoin company.

We are platform to buy options. We take Bitcoin as a form of payment.

I understand you guys are completely useless and probably too young to have any experience in business which is why you have no idea how to figure out where the company is from. But you are putting people at risk but pretending to be something you are not.

You have no right running a site like the one you are representing here.

Your site is scam and you guys are extortionists. NO BODY should trust them with any information its only a matter of time before they come asking for more money or threats.

If you are another company that these guys have attempted to or have been extorted by please contact us via the site and we will add you the list we are building.

[BeastOptions]

The owners of the site are none of your business.

Why? Simple you are criminals, you do not know what you are doing and can not be trusted with personal information.

Nothing else nothing more. If you had proven to be responsible, capable and trust worthy then we would put you on plane to view our books. But since you are low life criminal running an extortion site we not supply you with a damn thing because you can not be trusted.

Because of all this nonsense we will send someone to Toronto for the conference next week. If anyone would like to meet and have any concerns or questions please feel free to inbox me and I will set up a time.

Of course Badbitcoin wont because they probably are not allowed to travel since they are criminals but at least James Sutton should show his face since he is in Canada and from Canada he does not have worry about getting arrested at the border unlike the "Vik" who is hiding in Spain.

This James Sutton. (Halifax)
https://bitcointalk.org/index.php?action=profile;u=52366 (Halifax)
https://bitcoinfoundation.org/forum/index.php?/topic/531-decentralized-bitcoin-token-system-for-mass-adoption/ (Halifax)
http://ca.linkedin.com/in/jamessuttonmatl (Halifx)


Anyone wants to meet just let us know. We arrange a time to chat.

[BeastOptions]

Interesting

How you recon reported scam is a scam?

They actually can not say we are scam. If you look at their responses. The reason is we are not a scam, or scheme or any other negative thing they have posted. The simple truth is they have no idea what they are doing OR they are just pure criminals. Either way they need to go away.


At the absolute very best they are incompetent and now hiding behind lies to wiggle their way out of their miss steps. But one thing that can not be denied they are extorting us. They are not capable of doing any sort of investigation. They are lacking simple fundamental knowledge of privacy laws, payment processing regulations, KYC and AML requirements what it takes to obtain a business bank account

The have no idea how to figure out what a non Bitcoin company does. Apparently do not know how to use the contact us form on the site, they clearly can not figure out how to read the sites information or watch any of the videos. Funnies thing about this, the company information is on the site. They just cant find it. WOW what an set of investigators they have protecting peoples life savings. lol.

They come online and try to cover up their screw ups with lies and try to hide and scream for everyone else to be transparent and even worst hand over private information to people that have proven to be criminals and incompetent.

I am not sure what it takes to get the moderators to ban these guys and take down these posts. They are clearly criminals.

Extortion is extortion.

There are plenty of reputable consumer protection sites our there that do not use extortion as means to end. The sad thing is the Bitcoin world seems to need a site like this but it needs to be run by adults who are capable, honest and well not criminals.

[aleks648]

I know the BeastOptions guys IRL.  There isn't any scam there.  They accept bitcoins via a payment processor and payout via the same, end of story.

[BeastOptions]

So it looks like they have removed us.

Now this may be temporary measure and something worst is coming or they decided while we are pleased that we are no longer on their list we still have concerns.

If they are truly looking to help the community then great. A site like this is needed without a doubt. But it needs to be run in responsible manner like other reputation sites out there.

1. There needs to be transparency on the methods used to decide who goes on the list and does not.
2. There needs to be transparency about the owners of the site.
3. They need to learn how to actually due diligence on the sites they investigate.
4. There needs to be reports on the progression from a sites first getting investigated and the escalation and resolution process before a site is listed.

Example
Site a received x mount of complaints and show proof of the complaints.
Site a was contacted about the complaints and this is their response.
If there is no resolution then move the site to public shame but not black list give the site a chance to publicly respond.

Then if all else fails put them in the list.

Any respectable consumer protection site does not hide who the operators are. The online casino industry does this extremely well check out http://www.casinomeister.com/ not a pretty site but they are very respected, tough but fair and their owner is very visible. Before you crying that you need to stay private for your own protection well the online casino industry has just as many gangsters and crazy people as the Bitcoin world does.

But they do not hide because they can actually stand behind their work.

I am worried about the other site owners that are on the list.
I am worried about them coming back to us later and trying to extort us again or doing something else.

But for now I am happy to see we are not on the site and if anyone from Badbitcoins wants to talk to rep of Beast Options please feel free to come to Toronto.