List of fraudulent compaines and corporate failures

[Little P 1]

Dear Bitcoiners

I hope your well. My name is Malcolm O and I am running the start up Cryptovest Financial Services https://cryptostocks.com/securities/126

The disclaimer

This list is for educational purposes only. It is not intended to cause slander upon any of the companies , businesses or people listed here. Cryptovest, Bit4ME and the Little Phoenix Investment Group have no views or opinions in regards to the validity of the accusations posted here. The list is user generated and users of bitcoin talk are the accusers or defenders of the companies listed here.
All users are encouraged to do their own research before coming to a decision on the companies found in this list. Where possible that will be available in the details section.
This list is intended to encourage crypto investors to take more time before making investments into companies.
While I will do my best to moderate the list with the little spare time I have but I take no responsibility of its accuracy or claims. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

The disclaimer

Other lists
https://bitcointalk.org/index.php?topic=651315.0


I am trying to compile a list of the companies that have failed in the crypto space specifically ones that have raised funds and then had a problem loosing their investors funds.

Thank you in advanced ill give a reward to everyone who adds a new company to the list. One reward for each company found and details of the incident or links to the details provided.

I would appreciate the help I know a lot of exchanges over the years, mining companies and small businesses have gone under  or forced buy
backs.

Please give details name of operator - location - amount lost ect - date set up anything else u can remember ( This is a working list I will update it weekly as you give me more suggestions)

examples of corporate failures ( more suggestions welcome)

(long start - over 1-2 years and still not operating)
corporate failure - Bankruptcy
Investor fraud (forced buy back below market value or Forced buy backs
Internal Fraud - stolen funds
Poor management
Bad practice  
poor ethical practice/standards


Company Name    -    Type of Failure -  details -        -accused                    Source

NEO & BEE      - Fraud/ loss of holdings  audio note on NEO
MT GOX  - Fraud/ loss of holdings

LABCOIN  - internal fraud          - ( details 7000 to 10,000 BTC  -accused Alberto Armandi, Fabrizio Tatti, Alessia Tatti, Daniel Larsson, aka theSwede75 who is presently press officer at Cointerra  reference) -            Reported by user E Sam

Active Mining - internal fraud - incompetence                                                    Reported by user steyehn updated by damiano

bASIC-Mining - CreativeX ran off with funds                                                       Reported by user damiano
COG - Garr mismanaged                                                                                  Reported by user damiano
Kylemax Studios - Owner gambled away IPO money.                                             Reported by user MrWDunne
Vircurex - miss management - loss of more than 1000 btc                                     Reported by user anasazi

JDBIF from cryptostocks - miss management / fraud -( details  https://bitcointalk.org/index.php?topic=504126.0)    Reported by user jonsi

BitcoinBourse: - Forced by back BitcoinBourse/ miss management ( details  https://bitcointalk.org/index.php?topic=361852.0
https://bitcointalk.org/index.php?topic=346503.0 )                                              Reported by user jonsi  +1 by user MrWDunne  

Bakewell: -(details https://bitcointalk.org/index.php?topic=104489.0  )                    Reported by user jonsi

Kenilworth Exploration (Australian Mineral Exploration):  https://bitcointalk.org/index.php?topic=200701.40    
                                                                                                                  Reported by user jonsi

Feedzebirds.com   Internal fraud ( funds used to fund own site, stop paying out dividends ) Bad management - focus on other personal sites      Ipo- may 24, 2012 Joint project of erik voorhees and ira miller Erik voorhees- currently being investigated  
                                                                                                                Reported by user steyehn

WeExchange/Ukyo    -(details https://bitcointalk.org/index.php?topic=337523.0)
                                                                                                              Reported by user thehun

Ziggap (details (Bitfunder) Stolen funds -https://bitcointa.lk/threads/either-ryan-schreiber-founder-of-ziggap-has-gone-off-the-deep-end-or.112868/                                                                                              Reported by user the Newar


Asic Coop (GLBSE / Bitfunder   (-details Stolen funds / equipment https://bitcointalk.org/index.php?topic=88008.0)
                                                                                                           Reported by user Newar


http://mybitcointrade.de/  (-details Stolen funds - https://bitcointalk.org/index.php?topic=115572.5)      
                                                                                                         Reported by user Newar

BTCQuick - Hacked/Incompetence/Shut down without warning - Jerrod Bunce  
                                                                                                         Reported by user adept

Deprived Mining Speculation (DMS) - (-details  Lost BTC: ~415. Operator of the fund ran off with the money Link to thread:  https://bitcointalk.org/index.php?topic=228327.0)                                                                    Reported by user Bonam

FAS, FASBIT, and GRID
                                                       (-details listed on Cryptostocks Early warning signs https://bitcointalk.org/index.php?topic=457431.0)
                                                                                                        Reported by user nwfella


Disputed cases


BMF - incompetence/ internal fraud  (DISPUTED)       - ( details  https://bitcointa.lk/threads/bmf-has-lost-access-to-its-wallet.321036/ )                                                                                                                                                  Reported by user damiano updated by user fluffypony
BMF - incompetence/ internal fraud (-details user claims to have only lost 800 usd of clients money ) originally reported by Reported by user damiano disputed by user Usagi
                  
        


pending details

Inputs.io - trade fortress                     Reported by user damiano
coinlenders- tradefortress                   Reported by user damiano
 btc invest                                        Reported by user damiano
WeExchange/Ukyo                              Reported by user thehun
 

[E.Sam]

LABCOIN - internal fraud - 7000 to 10,000 BTC - Alberto Armandi, Fabrizio Tatti, Alessia Tatti, Daniel Larsson (aka theSwede75 who is presently press officer at Cointerra) - Reference

[steyehn]

Active Mining - internal fraud

[Little P 1]

LABCOIN - internal fraud

Please give details name of operator - location - amount lost ect - date set up anything u can remember

[damiano]

I'd update active mining and add just "incompetence"

[damiano]

BMF - incompetence

[RiverBoatBTC]

Mpex exchange fruad

They fake trade volumes, no way they are doing 700btc a day in trade.

[damiano]

bASIC-Mining - CreativeX ran off with funds

COG - Garr mismanaged

[damiano]

Inputs.io - trade fortress

[RiverBoatBTC]

coinlenders- tradefortress as well I belive

[damiano]

coinlenders- tradefortress as well I belive

Also btc invest ? I think


The list is endless

[MrWDunne]

Kylemax Studios - Owner gambled away IPO money.

[Entropy-uc]

Use the search feature.

Someone made a list of active stocks and their market caps about a year ago.  Run through the list and you will find that the operators of nearly all of them defaulted and ran with the money in some fashion.  Then go back and find all the listings for GLBSE from the year before that, again you'll find that 95% wiped out their 'investors'.

Then you can search for mining bonds; basically every operator of mining bonds defaults at some stage.

After you are done your research, you might as well fold up your exchange as you will realize that all you are doing is enabling fraud.

[Little P 1]

Use the search feature.

Someone made a list of active stocks and their market caps about a year ago.  Run through the list and you will find that the operators of nearly all of them defaulted and ran with the money in some fashion.  Then go back and find all the listings for GLBSE from the year before that, again you'll find that 95% wiped out their 'investors'.

Then you can search for mining bonds; basically every operator of mining bonds defaults at some stage.

After you are done your research, you might as well fold up your exchange as you will realize that all you are doing is enabling fraud.

A list of active stocks doesn't always mean fraud or mis management.

Thanks for the heads up on mining bonds ^^ ill take a look.

Thanks if you find the list for me or the post i would really appreciate it.

I will give you each a reward for each company you find. As much detail as possible must be provided.

Kr,

Malcolm O

[Entropy-uc]

Use the search feature.

Someone made a list of active stocks and their market caps about a year ago.  Run through the list and you will find that the operators of nearly all of them defaulted and ran with the money in some fashion.  Then go back and find all the listings for GLBSE from the year before that, again you'll find that 95% wiped out their 'investors'.

Then you can search for mining bonds; basically every operator of mining bonds defaults at some stage.

After you are done your research, you might as well fold up your exchange as you will realize that all you are doing is enabling fraud.

A list of active stocks doesn't always mean fraud or mis management.

Since those 'active' stocks are all gone now, it means exactly that.  A small handful of them refunded investors, a couple are still in the process of bleeding their investors dry.  The rest wiped out their bagholders.

[anasazi]

Cryptostocks/Vircurex. Accusations ranging from shady business practices too outright scam. It's more or less clearly documented in various threads on this forum.

[MrWDunne]

Cryptostocks/Vircurex. Accusations ranging from shady business practices too outright scam. It's more or less clearly documented in various threads on this forum.

Vircurex maybe, definitely a screw up though.

Cryptostocks, while has a lot of scams on there is a generally functional site.

[Little P 1]

Cryptostocks/Vircurex. Accusations ranging from shady business practices too outright scam. It's more or less clearly documented in various threads on this forum.

Dear Anasazi,

Please give full details for your reward.

We are listed on Cryptostocks ourselves but I have heard that they lost over 2000 btc on Vicurex to be edible for the prizes u need to be the one to give the details.

Kr,

Malcolm O

[Little P 1]

Mpex exchange fruad

They fake trade volumes, no way they are doing 700btc a day in trade.

Dear RiverBoatBTC,

U need some basic proof for me so i can add it to the list.  Also many exchange tinker with volumes so I don't know if i can count that as fraud in such an unregulated market its just bad practice.... hmmm Bad practice... I will make a new category ^^

[Little P 1]

coinlenders- tradefortress as well I belive

Also btc invest ? I think


The list is endless

Dear Damiano,

Please give me as many as you can find , pref the date , owners , amount lost as well.

I will give you a reward for each one you find if the list is endless you will get a much bigger reward as thanks!!!

I really appreciate it.

Kr,

Malcolm O