The following message is being parroted from Matthew N. Wright who is standing beside me.
The story of Bold Funding.
As you can see, I've never been in hiding. Clearly.
That's why you stopped responding, closed your website's chat functions, opened up a moderated google message board and delete anyone who asks questions about your legitimacy? Riiight. No one hiding here!
Back in 2004, Ed and I started a business to try to help people save their homes from foreclosure. We were taught by someone in Michigan who was very successful at it.
We'll get to "what" they were taught in just a bit and our theory on "by whom"..
The idea was: We matched up an interested investor, with someone facing foreclosure.
So they basically ask people up front for money on both ends, then figure out the rest later and if anything bad happens, they don't give refunds to either party.
If the homeowner had enough equity in their home, it could work. The homeowner would voluntarily sell their home to the investor, thus freeing up the equity they had in thier home... while paying off the mortgage company... and preventing the foreclosure. Then, they would immediately buy their home back from the investor on a "land contract".
The whole process was a win-win. The homeowner would not lose their home. The equity that was freed up was enough to pay the investor a decent fee for extending his credit and risk, and there was usually enough for a small fee for us, and often even cash back to the homeowner. Everyone wins. Everyone was happy. Even the mortgage company was happy... being paid off in full.
It was actually a brilliant idea... which had barely ever been done before. And it helped many people save their homes.
Yet when the courts asked him to provide proof of even one person he helped, he couldn't. Interesting. So we already deduce he is a liar and/or delusional.
What happened though... in short is.... We were a victum of our own success. At the same time that we had just begun a radio advertising campaign... mortgage foreclosures hit an all time high. We were suddenly swamped with applications to process.
Is anyone else confused as to how to solve this problem? Stop accepting applications until you handle the existing ones? Sounds like a case of greed.
We hired more people as fast as we could, but there was no time to train them. It was a disaster. A management and planning disaster. As a result, we dropped the ball. We did not get applications processed fast enough.
We had every single applicant sign a contract -- and with their signature notorized -- stating that they understood clearly that there was no guarantee that we would be able to match them with a suitable investor. No guarantee that we would be able to save their home.
Of course, we needed to charge a deposit in order to pay for the weeks worth of processing paperwork that was needed in order to deterine their deed, their mortgages, determine their equity, get appraisals on the property... then try to match them with suitable investors.
The whole thing was a miserable failure.
Okay so he claims the the money that they got from all those people was all spent on processing and normal business expenses (unlikely) but what if it's true... what does that make him? It would mean he's not a scammer, right? Okay. So he's a horribly reckless and ignorant businessman-- all the more reason to stay away from him as any kind of spokesperson for Bitcoin.
But wait.. there's more..
Bold Funding helps hundreds of people each and every year. We’ve been proud members of the Better Business Bureau for 12 years, and have attorneys on staff to fight for you, but don’t let one more day slip away…
Don’t be taken by others pretending to be experts. We are the only company in the USA doing exactly what we do. We specialize in only one thing – saving your home from foreclosure.
I believe the judge who ruled against Bruce in court called it something like "gross misrepresentation" and "downright fraud". He basically made up a fake company history to lure people in and get them to believe a story about them having 'hundreds of locations' or some bullshit.
Okay, so he's not a scammer, just a liar, a hype-machine, a self-important, etc.
When people panicked because they couldn't get answers from us fast enough... they freaked out. They complained to the BBB, and all the way up.
Bold Funding was a disaster. We got overwhelmed with applications. So many applications that.... even tho we tried... it was hopeless to try to process them all. As a result, people were let down. It was never our intention to harm nor defraud anyone. We were not present at the proceedings for the civil lawsuit against us, at the advice of our legal council. And that was only a CIVIL trial, by the way. No criminal charges were ever filed. The case is closed for the government too. The statute of limitations is 6 years, and they never considered the case worthy.
Uhh. There was a ruling against him for something like $200k if I remember correctly, and he didn't show up for court, moved out of the state, and ignored any requests for that money because of statue of limitations on the debt? So he's avoiding paying people back and giving excuses. Starting to look a bit scammy on top of merely negligent, self important, liar, etc.
People who know me, know that I have been promoting bitcoins, accepting cash deposits and delivering bitcoins in exchange, and I never defraud anyone.
We were only trying to run a business which would help people. It's just that we failed miserably.
I live with the pain of knowing that we let people down who were hoping that we could help them save their homes.... and faster. But all in all, we were only able save a small percentage of the homes we were tasked with.
It was never fraud. It was mismanagement. And we learned a LOT of lessons from that experience. Lessons we will never forget.
Apparently he already forgot the lessons, because as soon as he got into Bitcoin, he tried his best to make himself as important and -in control- as possible. He basically tries to do what Tony of BitPay and Roger Ver of MemoryDealers does, but does it much less effectively and always makes it about himself.
Stop arguing if he's a scammer or not and look at how he does business. You don't have to be a scammer to operate your businesses 'scammy', which we've proven (and Bruce continues to prove daily) he does. He got a message from a troll who was just gagging about a restaurant that was going to accept BTC at 100 locations or some dumb shit and wihtout even confirming, jumps straight to his so-called "media" channel and starts advertising that he personally "got a major restaurant chain in the US to accept Bitcoin" and was "personally working with them to get it tested" all the while begging the community for "ideas on how to get it implemented?".
This is how Bruce works-- he makes a statement about something he knows nothing about, or a claim, then works double time to try to make it truth.
In response to OP, no one trusts Bruce for this reason. Who cares if he scammed or not. He's a scummy fuck who tried to bring the Bitcoin community into his love of Thailand boys (yes, he posted that he has sex with Thai boys and that he recommends you tip them after having sex) and then tried to hype some silly cruise trip to Thailand, the same city where he talked about in previous 6+ year old blogs how he loved the boys there.
Open your eyes.