More proof that savegox.com is a sham.

[Phinnaeus Gage]

http://www.josephmenn.com/other_den.php

According to a company filing with the SEC last fall, David Neuman, recruited from Disney to become DEN's president, was paid an annual salary of $1.5 million. Gersh and John Silva, music industry executives brought in to start a record label, were each paid $600,000. The company's head of marketing was paid $1 million and its chief financial officer $400,000.

Even Brock Pierce, then 18, was paid $250,000, more than most full-fledged Internet chief executives earn. Pierce and Shackley both took executive vice president titles.

I duly hope Sunlot is able to glean enough funds outta the former Mt Gox to maintain their modest lifestyle.

VC 1: I'm going to Taco Bell to pick up lunch. Should I take the Pinto or the Vega?
VC 2: Dude, take the bike. Remember, we don't want to spend anymore of Mt Gox's former customer's bitcoins then we have to.
VC 1: Good call, bud.
VC 2: I was only fuckin' with you, dude. Take the jet to Hong Kong and bring us back some real food. And, if you see a couple good looking young boys, snatch them up as well.

They cannot have Gox.
Have you posted a thread or two on Reddit, yet?
What day is your flight to Tokyo? 

I'm not too into Reddit. And, who's to say I'm not already in Tokyo? BTW, Roger says hi. 

[Phinnaeus Gage]

http://www.josephmenn.com/other_den.php

All told, through the first six months of 1999, the company hadn't recorded a dime in revenue and reported a loss of $20 million, including $12 million in salaries and "programming costs." Losing money is hardly unusual for Internet start-ups. But while most spend the bulk of their money on marketing and scrimp on salaries and content, DEN was doing the opposite.

I can't imagine what Brock Pierce will do once he has access to $750,000,000 USD. My first guess is he'll have KnC rent another helicopter hanger and fire up 7,000+ Neptunes.

"honest discovery, observation, and reaction is better than contrived invention"

[Phinnaeus Gage]

That evening, according to the suit, Collins-Rector entered the boy's room and "moved his hand down [the boy's] chest, repeating the question, 'Do you trust me?' "

Mt Gox former customer, #29,317, please tell the court what happened next.

Well, I read the savegox.com... and then... then... I'm sorry...

Take your time, for we know this is difficult for you.

Yes, sir. Then I started feeling comfortable. I trusted Sunlot. I... I...

You're, dismissed, #29,317, and thank you for your testimony.

If it pleases the court, I wish to call former Mt Gox customer #29,318 to the stand.

<retired judge removing his hand from underneath his robe... and smiling> It pleases me... I mean, proceed.

[btcusury]

Hmmm, interesting research, Phinnaeus Gage.

So, according to your theory, Collins-Rector, the ringleader, was used as a fall guy, which allowed the FBI to close the case and obtain a couple of reliable assets with expertise in Internet technology and showbiz, whom they are now deploying to take over MtGox. The IC do this stuff all the time, so it's not implausible due to scope/scale... but, what would the purpose be?

Tracking major SR vendors? They probably have all the info they could get from MtGox, given how hackable/insecure the site was.

Controlling a major Bitcoin exchange? It would be equally easy to set up a new one... and MtGox's broken reputation makes its marketability uncertain.

So what could the purpose be?

Ok, listen up you retarded little shits, because I'm not going to repeat myself. There's only two possible outcomes.

1. They don't find the coins Well trolofuckinglol, we just paid them 10m for someone to tell us there are no coins left. We already knew that, but we're going to pay someone 10 million dollars to tell us again, in case reality isn't sinking in. It doesn't even take 10 million to liquidate the company.

2. They find the coins So after extorting us for 10 million, they get a 10% cut of whatever they find. That's a maximum of 65k btc, or 30 million. Oh, and they get 84% of the company in the end. Oh, and our debt is converted into fiat at a fixed rate of $450, and we get payed back in fiat, not bitcoin.

In the meanwhile, our funds are held hostage for over a year, and we get a pitiful 16% of a stinkhole they show no signs of supporting.
And you know what? These people are insiders, liars, and vultures, they know how this will end, it's just a matter of how much they profiteer out of this.

ScamGox 2014 Thanks but no thanks, I've been goxxed enough. I'll take liquidation over this mockery.

For most people with large sums stuck/lost in MtGox, even if what you say about Sunlot is true, it's STILL preferrable over liquidation. Getting goxxed by capitalist vultures is preferrable over getting goxxed by Japanese lawyers who just want to get rid of a hot potato the easiest way.

That some people would rather get ~20% or less of their funds, rather than the same quantity (or a little bit less) PLUS the possibility of recovering the rest over time, is mind-blowing.

Leading the push for liquidation on the customer/creditor side is Oliver Janssen (mtgoxrecovery.com, anarchystar). His motivation seems to be REVENGE. He doesn't care about the few millions he lost at MtGox -- odd behavior for a millionaire, but it seems his focus is on getting Karpeles behind bars.

AFAIC, even if Sunlot are FBI stooges, they are preferrable over liquidation.

[elbill]

So....killGox

[knarzo]

A Mighty Ducks Child Star Has a Plan for Failed Bitcoin Exchange Mt. Gox

and not a single hint about his boy-loving history from Joshua Brustein. He should read this thread 


http://www.businessweek.com/articles/2014-05-02/a-mighty-ducks-child-star-has-a-plan-for-failed-bitcoin-exchange-mt-dot-gox

[Phinnaeus Gage]

Hmmm, interesting research, Phinnaeus Gage.

So, according to your theory, Collins-Rector, the ringleader, was used as a fall guy, which allowed the FBI to close the case and obtain a couple of reliable assets with expertise in Internet technology and showbiz, whom they are now deploying to take over MtGox. The IC do this stuff all the time, so it's not implausible due to scope/scale... but, what would the purpose be?

Tracking major SR vendors? They probably have all the info they could get from MtGox, given how hackable/insecure the site was.

Controlling a major Bitcoin exchange? It would be equally easy to set up a new one... and MtGox's broken reputation makes its marketability uncertain.

So what could the purpose be?

Ok, listen up you retarded little shits, because I'm not going to repeat myself. There's only two possible outcomes.

1. They don't find the coins Well trolofuckinglol, we just paid them 10m for someone to tell us there are no coins left. We already knew that, but we're going to pay someone 10 million dollars to tell us again, in case reality isn't sinking in. It doesn't even take 10 million to liquidate the company.

2. They find the coins So after extorting us for 10 million, they get a 10% cut of whatever they find. That's a maximum of 65k btc, or 30 million. Oh, and they get 84% of the company in the end. Oh, and our debt is converted into fiat at a fixed rate of $450, and we get payed back in fiat, not bitcoin.

In the meanwhile, our funds are held hostage for over a year, and we get a pitiful 16% of a stinkhole they show no signs of supporting.
And you know what? These people are insiders, liars, and vultures, they know how this will end, it's just a matter of how much they profiteer out of this.

ScamGox 2014 Thanks but no thanks, I've been goxxed enough. I'll take liquidation over this mockery.

For most people with large sums stuck/lost in MtGox, even if what you say about Sunlot is true, it's STILL preferrable over liquidation. Getting goxxed by capitalist vultures is preferrable over getting goxxed by Japanese lawyers who just want to get rid of a hot potato the easiest way.

That some people would rather get ~20% or less of their funds, rather than the same quantity (or a little bit less) PLUS the possibility of recovering the rest over time, is mind-blowing.

Leading the push for liquidation on the customer/creditor side is Oliver Janssen (mtgoxrecovery.com, anarchystar). His motivation seems to be REVENGE. He doesn't care about the few millions he lost at MtGox -- odd behavior for a millionaire, but it seems his focus is on getting Karpeles behind bars.

AFAIC, even if Sunlot are FBI stooges, they are preferrable over liquidation.

D.E.N. OF INIQUITY ; CHAIRMAN’S EXIT FOLLOWS PEDO SUIT

http://nypost.com/1999/11/03/d-e-n-of-iniquity-chairmans-exit-follows-pedo-suit/

The chairman and co-founder of the red-hot Internet start-up Digital Entertainment Network resigned after settling a lawsuit alleging he sexually abused a 13-year-old boy.

Marc Collins-Rector, 39, hastily departed from the company last week – just a month after it filed for a $75 million IPO.

Two weeks after the company filed its documents with the SEC, Collins-Rector was served with a lawsuit claiming he picked up the 13-year-old New Jersey boy online in 1993.

The suit alleges that Collins-Rector – who previously founded the company Concentric Networks – met the boy through a Concentric bulletin board using the name “Cyberpoet,” Businessweek.com reported yesterday.

After allegedly offering the boy a job and flying him to his home in Bay City, Mich., Collins-Rector “used his age, his corporate position, his home, his wealth, and his maturity to commit acts of sexual abuse,” the website quoted the lawsuit as claiming.

The relationship allegedly continued until 1996, with the boy visiting Collins-Rector after he moved to Beverly Hills to start DEN.

Ronald Palmieri, a lawyer for Collins-Rector, denied the allegations in the suit and said it was settled “amicably” two weeks after it was served.

He declined to say whether the settlement included any payment.

In a statement, DEN said Collins-Rector had planned to leave the company to launch another technology start-up, and the claim against him “accelerated” his departure.

Palmieri said his client hastened his departure to make sure the lawsuit did not adversely affect the company. “DEN was preparing for its IPO, and Mr. Collins-Rector did not want any negative impact of the unverified allegations to come against the company,” Palmieri said.

When Collins-Rector resigned, he was followed by the two other co-founders, Chad Shackley, 24, and Brock Pierce, 18. Shackley and Pierce were not named in the lawsuit.

Collins-Rector will hold 46 percent of the company’s equity after conversions, his lawyer said, and his voting power is in the hands of two outside directors.

DEN – which has backing from giants such as Microsoft and Dell – produces short streaming-video for the web.

A Chase Manhattan venture fund holds an 8.09 percent stake in the company, as does Cassandra Chase, a venture partnership between the bank and money-manager to the stars Dana Giaccheto. Cassandra Chase is separate from Cassandra Inc., which is Giaccheto’s company that buys blue chip stocks for the likes of Leonardo DiCaprio.

One stunned investor in DEN, upon hearing news of the lawsuit, simply said: “I don’t believe that.”

The investor went on to say the company would succeed anyway.

“I think they’re a cutting edge content-provider, and they have a good chance of winning in this space.”

Disgraced stockbroker Dana Giacchetto surrenders on federal fraud charges after already ripping off A-list stars

Giacchetto gained infamy in 2000 when he was charged with stealing nearly $10 million from the likes of actors Ben Stiller, Matt Damon and Tobey Maguire.

Prosecutors said Giacchetto used his stolen riches to prop up his investment firm, the Cassandra Group, and fund a lavish lifestyle on the Hollywood party circuit.

[Bit_Happy]

So....killGox

How to kill Gox if it comes back to life?
Many people will choose the other exchanges, but people hoping to eventually recover money will have "ownership" in the Brave New Gox, so they might mostly trade there.

[renfr]

Hmmm, interesting research, Phinnaeus Gage.

So, according to your theory, Collins-Rector, the ringleader, was used as a fall guy, which allowed the FBI to close the case and obtain a couple of reliable assets with expertise in Internet technology and showbiz, whom they are now deploying to take over MtGox. The IC do this stuff all the time, so it's not implausible due to scope/scale... but, what would the purpose be?

Tracking major SR vendors? They probably have all the info they could get from MtGox, given how hackable/insecure the site was.

Controlling a major Bitcoin exchange? It would be equally easy to set up a new one... and MtGox's broken reputation makes its marketability uncertain.

So what could the purpose be?

Ok, listen up you retarded little shits, because I'm not going to repeat myself. There's only two possible outcomes.

1. They don't find the coins Well trolofuckinglol, we just paid them 10m for someone to tell us there are no coins left. We already knew that, but we're going to pay someone 10 million dollars to tell us again, in case reality isn't sinking in. It doesn't even take 10 million to liquidate the company.

2. They find the coins So after extorting us for 10 million, they get a 10% cut of whatever they find. That's a maximum of 65k btc, or 30 million. Oh, and they get 84% of the company in the end. Oh, and our debt is converted into fiat at a fixed rate of $450, and we get payed back in fiat, not bitcoin.

In the meanwhile, our funds are held hostage for over a year, and we get a pitiful 16% of a stinkhole they show no signs of supporting.
And you know what? These people are insiders, liars, and vultures, they know how this will end, it's just a matter of how much they profiteer out of this.

ScamGox 2014 Thanks but no thanks, I've been goxxed enough. I'll take liquidation over this mockery.

For most people with large sums stuck/lost in MtGox, even if what you say about Sunlot is true, it's STILL preferrable over liquidation. Getting goxxed by capitalist vultures is preferrable over getting goxxed by Japanese lawyers who just want to get rid of a hot potato the easiest way.

That some people would rather get ~20% or less of their funds, rather than the same quantity (or a little bit less) PLUS the possibility of recovering the rest over time, is mind-blowing.

Leading the push for liquidation on the customer/creditor side is Oliver Janssen (mtgoxrecovery.com, anarchystar). His motivation seems to be REVENGE. He doesn't care about the few millions he lost at MtGox -- odd behavior for a millionaire, but it seems his focus is on getting Karpeles behind bars.

AFAIC, even if Sunlot are FBI stooges, they are preferrable over liquidation.

No, Sunlot would be worse, way worse.

Is someone able to inform Mark about this? We have to do something in order to throw out Sunlot from the candidates to rehab.

[subSTRATA]

Ohh, LOL, now I got it! At 33th minute of http://www.youtube.com/watch?v=4pBd-OD9Rns he did some strange eye movements and said they launched
MaidSafe, a P2P dropbox. "Interesting" name for the project I must admit but I can already see terabytes of child porn on HDDs of everyone stupid enough
to be involved in that shit and then a massive FBI raid that will result in not just child porn confiscated but a ton of bitcoins and possibly other cryptocoins.

Avoid MaidSafe!

[shmadz]

Ohh, LOL, now I got it! At 33th minute of http://www.youtube.com/watch?v=4pBd-OD9Rns he did some strange eye movements and said they launched
MaidSafe, a P2P dropbox. "Interesting" name for the project I must admit but I can already see terabytes of child porn on HDDs of everyone stupid enough
to be involved in that shit and then a massive FBI raid that will result in not just child porn confiscated but a ton of bitcoins and possibly other cryptocoins.

Avoid MaidSafe!

Thanks for the link!

the first 30 minutes of that vid are worth watching if you haven't already. the rest is... well, I would skip all the parts where charlie speaks...

but definitely check out right around 49:30 (he's going on about remittances and then he looks straight at the camera, the camera switches views, and then he flashes a triple six handsign. I'm not even kidding)



you just can't make this shit up.

[Phinnaeus Gage]

A Mighty Ducks Child Star Has a Plan for Failed Bitcoin Exchange Mt. Gox

and not a single hint about his boy-loving history from Joshua Brustein. He should read this thread 


http://www.businessweek.com/articles/2014-05-02/a-mighty-ducks-child-star-has-a-plan-for-failed-bitcoin-exchange-mt-dot-gox

Excellent plan! The promissory notes are already in production.

[Phinnaeus Gage]

Ohh, LOL, now I got it! At 33th minute of http://www.youtube.com/watch?v=4pBd-OD9Rns he did some strange eye movements and said they launched
MaidSafe, a P2P dropbox. "Interesting" name for the project I must admit but I can already see terabytes of child porn on HDDs of everyone stupid enough
to be involved in that shit and then a massive FBI raid that will result in not just child porn confiscated but a ton of bitcoins and possibly other cryptocoins.

Avoid MaidSafe!

Thanks for the link!

the first 30 minutes of that vid are worth watching if you haven't already. the rest is... well, I would skip all the parts where charlie speaks...

but definitely check out right around 49:30 (he's going on about remittances and then he looks straight at the camera, the camera switches views, and then he flashes a triple six handsign. I'm not even kidding)



you just can't make this shit up.

[hlynur]

sorry for crossposting but here are more articles regarding Pierce's story:

a capture of the mentioned (http://boingboing.net/2007/11/15/goldfarming-empire-l.html) radar magazine article Nov 2007 covering the connection between Collins-Rector and Pierce's former company IGE:
http://web.archive.org/web/20080418073324/http://www.radaronline.com/from-the-magazine/2007/11/den_chads_world_marc_collins_rector_1-print.php

two wired articles on Pierce's career as a whole, DEN case is only briefly touched, still an interesting read:
Part 1 "A Drive Through Laurel Canyon With Brock Pierce"
http://archive.wired.com/gaming/virtualworlds/magazine/16-12/ff_ige_pierce
Part 2 "The Decline and Fall of an Ultra Rich Online Gaming Empire"
http://archive.wired.com/gaming/virtualworlds/magazine/16-12/ff_ige?currentPage=all

[Bit_Happy]

Ohh, LOL, now I got it! At 33th minute of http://www.youtube.com/watch?v=4pBd-OD9Rns he did some strange eye movements and said they launched
MaidSafe, a P2P dropbox. "Interesting" name for the project I must admit but I can already see terabytes of child porn on HDDs of everyone stupid enough
to be involved in that shit and then a massive FBI raid that will result in not just child porn confiscated but a ton of bitcoins and possibly other cryptocoins.

Avoid MaidSafe!

Thanks for the link!

the first 30 minutes of that vid are worth watching if you haven't already. the rest is... well, I would skip all the parts where charlie speaks...

but definitely check out right around 49:30 (he's going on about remittances and then he looks straight at the camera, the camera switches views, and then he flashes a triple six handsign. I'm not even kidding)



you just can't make this shit up.

I asked a Man of God for guidance regarding Brock Pierce buying MtGox and he said not to worry:

[Phinnaeus Gage]

Ohh, LOL, now I got it! At 33th minute of http://www.youtube.com/watch?v=4pBd-OD9Rns he did some strange eye movements and said they launched
MaidSafe, a P2P dropbox. "Interesting" name for the project I must admit but I can already see terabytes of child porn on HDDs of everyone stupid enough
to be involved in that shit and then a massive FBI raid that will result in not just child porn confiscated but a ton of bitcoins and possibly other cryptocoins.

Avoid MaidSafe!

Thanks for the link!

the first 30 minutes of that vid are worth watching if you haven't already. the rest is... well, I would skip all the parts where charlie speaks...

but definitely check out right around 49:30 (he's going on about remittances and then he looks straight at the camera, the camera switches views, and then he flashes a triple six handsign. I'm not even kidding)



you just can't make this shit up.

I asked a Man of God for guidance regarding Brock Rectum Pierce buying MtGox and he said not to worry:

[Bit_Happy]

Brock Pierce does well in this video:
http://www.youtube.com/watch?v=4pBd-OD9Rns
He will make a great head thief* for the new Gox.

*Edit: That comment was based on Brock being sued by one or more former partners who claim to have been cheated.

[Phinnaeus Gage]

Brock Pierce does well in this video:
http://www.youtube.com/watch?v=4pBd-OD9Rns
He will make a great head (no pun intended) thief for the new Gox.

FTFY!

[Phinnaeus Gage]

http://www.scribd.com/doc/219613733/sunlot-holdings-proposed-rehabilitation-plan-ENGLISH#fullscreen

In actuality, Mr. Karpeles has often admitted that, because we are a team with rich experience and high-level skills, we have better management resources to manage MTGOX company in place of MTGOX company and their customers than the current management.

Jesus Fuckin' Christ! First, Jed McCaleb hands over Mt Gox to Mark Karpeles because of his skill sets, and now the hacked together team wants it handed over to them. I suggest letting this dude from Finland run it: https://www.youtube.com/watch?v=0p3c4viNMNk

[Bit_Happy]

The Wall Street Journal and the class action lawyers are aggressively supporting and positioning themselves behind Sunlot.
Who is representing the interests of people who do not want this plan?