Butterfly Labs Filling For Bankruptcy in 2014?

[LittleD]

Butterfly Labs will file for bankruptcies In ?...

Butterfly Labs has more than 10 lawsuits and many more to come... I believe this year or next BFL will file for bankruptcies and run away with millions ...

Lets just see what BFL/Josh and the others do in the near future???

[franky1]

grabbing alot of money but not spending it on making products = profit

so thy wont go bankrupt any time soon

[Alley]

I just want there bitsafe.  We need a hardware wallet bad.

[KSGuy]

grabbing alot of money but not spending it on making products = profit

so thy wont go bankrupt any time soon

I was going to say.. I'm sure they're making plenty of money

[LittleD]

ButterflyLabs Customers Appeal to FTC for $1 Million in Missing Orders... I believe BFL is sooon to be extinct ...

Quote:
"Federal penalties possible

The FTC complaints are only the first step in a process that may see Butterfly Labs investigated by law enforcement agencies.

The firm could also face civll penalties imposed by the agency, which is charged with enforcing a variety of antitrust and consumer protection laws, including fraud.

However, there is no guarantee these customer complaints will result in any form of restitution, according to a FTC spokesperson, who told Ars Techina:


“Complaints are used by FTC and partner law enforcement agencies to detect patterns of fraud and abuse, which may lead to investigations and eliminate unfair business practices.”
"

http://www.coindesk.com/butterflylabs-customers-appeal-to-ftc-1-million-missing-orders/

[LittleD]

YOU GUYS DONT WAHT TO BELIEVE ME BUT BFL WILL FILE FOR BANKRUPTCY... LETS SEEEEEEEEEEEEEEEEE

Customers in 24 countries have made 283 complaints to the Federal Trade Commission (FTC) against Kansas-based mining equipment maker Butterfly Labs since 2012, as we reported earlier this week.

Since detailed information about notable companies in the bitcoin economy is thin on the ground, CoinDesk wrangled the data on two dimensions – geography and order value – to see what it could tell us.
http://www.coindesk.com/breaking-down-butterfly-labs-ftc-complaints-data/

[bryant.coleman]

I am not sure about this. Checking their forums, I am still seeing a lot of people pre-ordering their mining rigs every day. You know, in this world there is no shortage for idiots.

[MyPotPlantDied]

YOU GUYS DONT WAHT TO BELIEVE ME BUT BFL WILL FILE FOR BANKRUPTCY... LETS SEEEEEEEEEEEEEEEEE

Customers in 24 countries have made 283 complaints to the Federal Trade Commission (FTC) against Kansas-based mining equipment maker Butterfly Labs since 2012, as we reported earlier this week.

Since detailed information about notable companies in the bitcoin economy is thin on the ground, CoinDesk wrangled the data on two dimensions – geography and order value – to see what it could tell us.
http://www.coindesk.com/breaking-down-butterfly-labs-ftc-complaints-data/

You should open this up as a bet on one of those Bitcoin prediction betting sites. I'd definitely put money down on them going down by the end of this year.

[Jcw188]

I figured at some point bfl would go bust and with all the complaints I definitely see to happening pretty soon. They'd have to pay lawyers to defend them and it doesn't seem they like paying anyone to do
Anything. So maybe they'll just file for bankruptcy to keep as much money as they can.

[haploid23]

For some reason I read the title as BFL filing for bankruptcy NOW. It turned out to be just a poll and not confirmed.

I do hope these sleezbags go out of business ASAP.