MPEx owner in danger of being extradited to US to face charges

[NotLambchop]

Lol, the irony of you calling *anything* fraud when Ken Slaughter, the guy you're shilling for, is under investigation for securities fraud (according to Ken Slaughter himself, can't make this shit up!)

[Phildo]

Didn't they also interview Pirate's victims.

err Yes but Popescu is the operator of an illegal Securities exchange/Ponzi scheme not a fraud victim. I know being interviewed does not imply guilt but you have to see why the interview is requested.

According to the letter from the SEC, they wanted info on S.DICE. it's a leap to say they are accusing MP of wrongdoing, it's another, bigger leap to say he's in danger of being extradited.

[minerpart]

According to the letter from the SEC, they wanted info on S.DICE. it's a leap to say they are accusing MP of wrongdoing, it's another, bigger leap to say he's in danger of being extradited.

He has done some serious things and he has also conspired to commit blackmail against US businesses with pankkake his paid whore. They will both get a free ticket to the US.

[Luttinen]

Didn't they also interview Pirate's victims.

err Yes but Popescu is the operator of an illegal Securities exchange/Ponzi scheme not a fraud victim. I know being interviewed does not imply guilt but you have to see why the interview is requested.

According to the letter from the SEC, they wanted info on S.DICE. it's a leap to say they are accusing MP of wrongdoing, it's another, bigger leap to say he's in danger of being extradited.

Actually this is how things started for Liberty Reserve. First they received letters from US authorities and next thing they were all arrested.

[minerpart]

Actually this is how things started for Liberty Reserve. First they received letters from US authorities and next thing they were all arrested.

It's pretty standard procedure. You find out what they are going to give you and if it's not enough you make arrests. People tend to open up in a Police cell.

[Phildo]

Didn't they also interview Pirate's victims.

err Yes but Popescu is the operator of an illegal Securities exchange/Ponzi scheme not a fraud victim. I know being interviewed does not imply guilt but you have to see why the interview is requested.

According to the letter from the SEC, they wanted info on S.DICE. it's a leap to say they are accusing MP of wrongdoing, it's another, bigger leap to say he's in danger of being extradited.

Actually this is how things started for Liberty Reserve. First they received letters from US authorities and next thing they were all arrested.

Next thing they were all arrested. 4 years after the CR authorities told them to get a license, 2 years after the US asked CR to investigate them, and after a multi-year investigation. Yup, definitely perfectly logical to assume that there are CIA guys on the way to put MP on a plane after this first letter that has nothing to do with anything.

[NotLambchop]

@Phildo:  OP of this thread, Herp, snapped after discovering that his buddy NeoDanny accidently all the bitcoin and he wasn't going to be the next Rothschild.  He has been banned from this forum.
The minerpart d00d invested in an elderly alcoholic from Missouri, with pretty much the same results.  Who woulda thunked?
Anyhow, they provide us the much-needed comic relief in these unpleasant times, every soul is useful.

[Luttinen]

Thing is Liberty Reserve was complicated operation that reached all over the globe and involved many other foreign agencies. From info provided about this small exchange, things look pretty simple from a procedural standpoint. It will all end in few months time.

[Snail2]

As I see the SEC asking for information about Eric Voorhees not about MPEx, so I think at this time EV is the one to worry not MP. You guys shouldn't let your feelings to mislead your situation awareness .

Where did you get that from?

The SEC have contacted Popescu and requested an interview with him (by phone) which he denied them. If you think that means they will not be interested in him you are crazy.

From the Bloomberg article in OP . They linked the letter form SEC in the "The SEC sent a letter asking MPEx, an online exchange for Bitcoin-based trading, to provide contracts and other documents relating to SatoshiDice.com, according to a copy of the request posted on the website trilema.com." part. You can see here: http://trilema.com/wp-content/uploads/2014/03/2014-0303-popescu-mpex.pdf

But probably you know more than me, because of I haven't heard about the denied phone interview. Could you tell me where can I find more details, please?

[Luttinen]

Actually this is how things started for Liberty Reserve. First they received letters from US authorities and next thing they were all arrested.

It's pretty standard procedure. You find out what they are going to give you and if it's not enough you make arrests. People tend to open up in a Police cell.

By the looks of things owner didn't cooperate much, by the contrary, he was pretty defiant. Even if he chooses to cooperate, they might still take him in for direct talks and put a freeze on exchange funds and assets.

[thekekk]

There is a priority list you cannot jump from 15 to 18

1.  BTC980,000*. Satoshi Nakamoto

2.  BTC400,000*. HD Moore (AHA)

3.  BTC400,000*. Dustin D. Trammell (AHA)

4.  BTC400,000*. Tod Beardsley (AHA)

5.  BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

6.  BTC300,000.  Roger Ver

7.  BTC300,000*. "knightmb"

8.  BTC200,000. Mark Karpeles

8.5  BTC182,592. "Loaded"

9.  BTC174,000*. FBI (Federal Bureau of Investigation, USA)

10.  BTC119,000. AsicMiner Management Team of 3 (names?)

11.  BTC110,000. Cameron and Tyler Winklevoss

12.  BTC100,000. "klaus"

13.  BTC100,000. "mezzomix"

14.  BTC75,000. "artforz"

15.  BTC70,000. Erik Voorhees

17.  BTC30,000. "nakowa"

18.  BTC30,000. Mircea Popescu

19.  BTC30,000. "Goat"

20.  BTC25,000. Chamath Palihapitiya

21.  BTC25,000. Gavin Andresen

22.  BTC20,000. Max Keiser

23.  BTC20,000. "Theymos"

[Luttinen]

There is a priority list you cannot jump from 15 to 18

1.  BTC980,000*. Satoshi Nakamoto

2.  BTC400,000*. HD Moore (AHA)

3.  BTC400,000*. Dustin D. Trammell (AHA)

4.  BTC400,000*. Tod Beardsley (AHA)

5.  BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

6.  BTC300,000.  Roger Ver

7.  BTC300,000*. "knightmb"

8.  BTC200,000. Mark Karpeles

8.5  BTC182,592. "Loaded"

9.  BTC174,000*. FBI (Federal Bureau of Investigation, USA)

10.  BTC119,000. AsicMiner Management Team of 3 (names?)

11.  BTC110,000. Cameron and Tyler Winklevoss

12.  BTC100,000. "klaus"

13.  BTC100,000. "mezzomix"

14.  BTC75,000. "artforz"

15.  BTC70,000. Erik Voorhees

17.  BTC30,000. "nakowa"

18.  BTC30,000. Mircea Popescu

19.  BTC30,000. "Goat"

20.  BTC25,000. Chamath Palihapitiya

21.  BTC25,000. Gavin Andresen

22.  BTC20,000. Max Keiser

23.  BTC20,000. "Theymos"

Interesting. So with this investigation the US can take down two birds with one stone as they are both high profile targets. More bragging rights for SEC.

[TooDumbForBitcoin]

There is a priority list you cannot jump from 15 to 18

1.  BTC980,000*. Satoshi Nakamoto

2.  BTC400,000*. HD Moore (AHA)

3.  BTC400,000*. Dustin D. Trammell (AHA)

4.  BTC400,000*. Tod Beardsley (AHA)

5.  BTC350,000*. "Dread Pirate Roberts" a.k.a. "DPR"

6.  BTC300,000.  Roger Ver

7.  BTC300,000*. "knightmb"

8.  BTC200,000. Mark Karpeles

8.5  BTC182,592. "Loaded"

9.  BTC174,000*. FBI (Federal Bureau of Investigation, USA)

10.  BTC119,000. AsicMiner Management Team of 3 (names?)

11.  BTC110,000. Cameron and Tyler Winklevoss

12.  BTC100,000. "klaus"

13.  BTC100,000. "mezzomix"

14.  BTC75,000. "artforz"

15.  BTC70,000. Erik Voorhees

17.  BTC30,000. "nakowa"

18.  BTC30,000. Mircea Popescu

19.  BTC30,000. "Goat"

20.  BTC25,000. Chamath Palihapitiya

21.  BTC25,000. Gavin Andresen

22.  BTC20,000. Max Keiser

23.  BTC20,000. "Theymos"

Tell that to #16

[Luttinen]

Subject: Message for Mircea Popescu from U.S. SEC
From: “Waxman, Daphna A.” waxman
Date: Mon, March 3, 2014 11:22 am
To: officeoffice

Dear Mr. Popescu,

I have attached a formal letter requesting that MPEx voluntarily provide certain information and documentation to the SEC staff. I hope that the information contained in the letter satisfies your below concerns.

I appreciate your willingness to discuss these important issues and am available to discuss any additional questions you may have.

Thank you,

Daphna Waxman

followed by defiant reply:

Subject: Message for Mircea Popescu from U.S. SEC
From: “‘officeoffice
Date: Tue, March 4, 2014 7:43 am
To: “Waxman, Daphna A.” waxman

While I appreciate your efforts to qualify for an information exchange agreement with MPEx, as well as your narrow satisfaction of the response timeline I publicly outlinediii, and while these constitute in my estimation significant progress towards building a solid platform upon which to further our shared goals, nevertheless substantial hurdles still remain to be overcome in this process.

As a key step, the commissioners of the SEC are to at their earliest convenience adopt a resolution, to be jointly drafted at expert level, which is to include a) a plain statement of the SEC’s lack of jurisdiction with regards to Bitcoin, thus alligning itself with the position of the US FED and the US GAO ; b) a statement recognising MPEx’ regulatory authority over Bitcoin finance as a SRO ; c) an appointment of any one of the commissioners as authorised Bitcoin liaison, which would include the creation of a dedicated PGP key and a Web of Trust membership, which would be recognised as such by MPEx, and on the basis of which all further communication is to be conducted, as well as minimal technical provisions for the operation of this system ; as well as further points as the parties may deem expedient.

This will both provide a solid basis for future, continued cooperation as well as conveniently insulate either party from unwelcome legal and technical complexities. Kindly let me know as soon as you are ready to proceed.

All the best,
Mircea Popescu

I think it's pretty clear what happens next.

[minerpart]

I haven't heard about the denied phone interview. Could you tell me where can I find more details, please?

Use google, this story is everywhere. If he often dresses like this they will have zero problem finding him - even in Romania this look is pretty special.

http://www.ihavebitcoins.com/featured/sec-asked-romanian-bitcoin-ceo-private-data-response/

[jimmothy]

I haven't heard about the denied phone interview. Could you tell me where can I find more details, please?

Use google, this story is everywhere. If he often dresses like this they will have zero problem finding him - even in Romania this look is pretty special.

http://www.ihavebitcoins.com/featured/sec-asked-romanian-bitcoin-ceo-private-data-response/

Lol this image is too perfect.



No surprise mircea dresses like that.

[Luttinen]

I haven't heard about the denied phone interview. Could you tell me where can I find more details, please?

Use google, this story is everywhere. If he often dresses like this they will have zero problem finding him - even in Romania this look is pretty special.

http://www.ihavebitcoins.com/featured/sec-asked-romanian-bitcoin-ceo-private-data-response/

This blew me away. This part:

In the spirit of candor, let me make it perfectly clear that what’s being discussed here is nothing else and nothing short of the SEC’s ultimate relevancy and importance in the Bitcoin space, and so far I am not particularly impressed. Let us work together to improve upon this shaky basis if at all possible.

All the best,
Mircea Popescu

He really made SEC want to go after him. They will do so just to set an example.

[jimmothy]

He really made SEC want to go after him. They will do so just to set an example.

You forgot the best part:

As a key step, the commissioners of the SEC are to at their earliest convenience adopt a resolution, to be jointly drafted at expert level, which is to include a) a plain statement of the SEC’s lack of jurisdiction with regards to Bitcoin, thus alligning itself with the position of the US FED and the US GAO ; b) a statement recognising MPEx’ regulatory authority over Bitcoin finance as a SRO

[Luttinen]

He really made SEC want to go after him. They will do so just to set an example.

You forgot the best part:

As a key step, the commissioners of the SEC are to at their earliest convenience adopt a resolution, to be jointly drafted at expert level, which is to include a) a plain statement of the SEC’s lack of jurisdiction with regards to Bitcoin, thus alligning itself with the position of the US FED and the US GAO ; b) a statement recognising MPEx’ regulatory authority over Bitcoin finance as a SRO

If this isn't provocation of most direct kind not sure what is. SEC is probably all guns blazing now working to nail him. I'd be surprised if he's not arrested by August the latest.

[Ozymandias2]

Is it possible to drown in popcorn?