Any truth to this? Cryptsy lawsuit?

[defaced]

Doesnt look legit imho

http://www.silverlaw.com/securities-lawyers/2014/10/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy/

Silver Law Group has filed two lawsuits, one against Texas-based Bitcoin Savings & Trust (operated by Trendon Shavers) and another against Florida-based Cryptsy (operated by Paul Vernon).  According to the Complaints, investors have been victimized by deceptive and misleading tactics, such as claims of profits of 7% weekly interest or of a safe and reliable platform to trade cryptocurrencies free from excessive fees and commissions.  While Mr. Shavers raised more than 700,000 Bitcoin in principal investments from investors, those Bitcoins have disappeared.  Likewise, investors with Cryptsy, which CoinDesk has touted as “the largest crypto-to-crypto exchange,” have seen their accounts emptied and Bitcoin simply disappear.  On behalf of its clients, Silver Law Group has pursued nearly $12 million in restitution from these online operators.

[yop850]

It seems legit. Apparently you can read the entire filed complaint here, but I have not had a chance to read it yet.

http://www.silverlaw.com/files/BitcoinComplaint.pdf

[defaced]

It seems legit. Apparently you can read the entire filed complaint here, but I have not had a chance to read it yet.

http://www.silverlaw.com/files/BitcoinComplaint.pdf

What looks most legit is the "sample road"

[iGotSpots]

Yes

[defaced]

Yes

Apparently the lawsuit is real, but are the claims? That is the question.

[iGotSpots]

Yes

Apparently the lawsuit is real, but are the claims? That is the question.

Not that I have experienced. Most likely just fishing for clients

[yop850]

It seems legit. Apparently you can read the entire filed complaint here, but I have not had a chance to read it yet.

http://www.silverlaw.com/files/BitcoinComplaint.pdf

What looks most legit is the "sample road"

I agree the road name sounds like a made up name, but here is the google map link to it.

https://www.google.co.uk/maps/place/11780+W+Sample+Rd,+Coral+Springs,+FL+33065,+USA/@26.272738,-80.2847226,15z/data=!4m2!3m1!1s0x88d90ffc7b96c391:0x741a886eecd372b8?sa=X&ei=Zp9JVPKkB6be7AaM3oHYCA&ved=0CCAQ8gEwAA

Silver law group of 11780 West Sample Road appears in this Corporation Search, so it looks like it's a real law firm.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/trade-t12000001123-bfa00bb2-bd3c-4c75-a905-509f6213edb1/SILVER%20LAW%20GROUP%20/Page1

Finally, silverlaw.com domain is registered by Silver law group of 11780 West Sample Road, according to this search.

https://who.godaddy.com/whoisstd.aspx?domain=silverlaw.com&prog_id=GoDaddy&k=LAtQrABq9963C+ERQ2qotl64vR0gmWzcjCUlY2%2fYbjlyK7j9tHL%2fMUzesbHbqkac

[Palmdetroit]

They are both in Florida?

reading...

[yop850]

They are both in Florida?

reading...

Yes, page 14 gives the amount a customer who says his account was emptied of bitcoins wants in damages from Cryptsy. It says

The present-day amount which we know is subject to the Florida Civil Theft statute is
$60,000.00.  Treble damages therefore equal $180,000.00.  For now, we are making this demand only
upon you; but at such time as we determine what was done with my client’s property, additional
demands may be made.

[TheMage]

Yes

Apparently the lawsuit is real, but are the claims? That is the question.

Not that I have experienced. Most likely just fishing for clients

Playing devils advocate here, I did notice this as well. On the other hand, your employer (crypsty) has screwed me over quite a few times in the past, so I can also see his side.


What ever happens good luck.

[iGotSpots]

If nothing has been filed, nothing will happen for sure

[Spoetnik]

did Mullick tell you that ?
i find it odd you would have found that out defaced.
thanks for the info though..

it may be hard for them to prove anything on Cryptsy i think.
and the other guy / service i never heard of..

edit:
in case some guys don't know the OP here has been good buddies with mods on Cryptsy going back at least mid-last year.
i was on a pool defaced ran for example that had me and Mullick on it for example.
and yeah he did a great job running the pool

edit2:
By the way.. you misspelled "Truth" in your topic title, it's actually spelled F U D

[EvilDave]

Bitcoin Savings and Trust was/is a frikking huge BTC scam:

https://www.techdirt.com/articles/20130723/16121723913/sec-confirms-that-bitcoin-savings-trust-was-ponzi-scheme-files-lawsuit.shtml

700.000 Bitcoin collected, apparently.

Edit: and, yeah, the law firm in question look legit and competent:
http://www.lawyers.com/coral-springs/florida/david-c-silver-157627922-a/
www.silverlaw.com

[Amph]

Bitcoin Savings and Trust was/is a frikking huge BTC scam:

https://www.techdirt.com/articles/20130723/16121723913/sec-confirms-that-bitcoin-savings-trust-was-ponzi-scheme-files-lawsuit.shtml

700.000 Bitcoin collected, apparently.

those will be dumped, and this is why btc is declining so badly, if people stop following this no sense-shitty ipo campaign

[defaced]

did Mullick tell you that ?
i find it odd you would have found that out defaced.
thanks for the info though..

it may be hard for them to prove anything on Cryptsy i think.
and the other guy / service i never heard of..

edit:
in case some guys don't know the OP here has been good buddies with mods on Cryptsy going back at least mid-last year.
i was on a pool defaced ran for example that had me and Mullick on it for example.
and yeah he did a great job running the pool

edit2:
By the way.. you misspelled "Truth" in your topic title, it's actually spelled F U D

Yea im friends with most of the cryptsy staff, but this was posted on twitter by jeebus first. That is where I found it anyways.

[Spoetnik]

700.000 Bitcoin collected ? WOW !
I never heard of that until this topic.. but i guess this is a FUD topic eh guys ..commence the crying LOL

will Cryptsy issue a statement about this ?

edit:
@defaced we posted at the same time hahah
thanks man but i don't know who jeebus is.

[defaced]

Bitcoin Savings and Trust was/is a frikking huge BTC scam:

https://www.techdirt.com/articles/20130723/16121723913/sec-confirms-that-bitcoin-savings-trust-was-ponzi-scheme-files-lawsuit.shtml

700.000 Bitcoin collected, apparently.

those will be dumped, and this is why btc is declining so badly, if people stop following this no sense-shitty ipo campaign

Yea it seems he deff has a case for that one, but not so much on cryptsy. It looks like the cryptsy case is an ambulance chase.

[verloren]

The Cryptsy lawsuit is about someone allegedly losing 140BTC via trades on the exchange despite maintaining control of his/her account, then alleges that Cryptsy transferred all BTC out of the account.

It also says something along the lines of the plaintiff believing that BTC sent to one wallet address should remain in that wallet address in a specifically isolated account from other users BTC, and that this should be a standard on all exchanges.

[bee7]

It also says something along the lines of the plaintiff believing that BTC sent to one wallet address should remain in that wallet address in a specifically isolated account from other users BTC, and that this should be a standard on all exchanges.

Taking this logic, your money on your bank account should remain intact 'physically' so bank may not 'borrow' it to give loans e.t.c. Good idea. It would kill the banking business.

[Spoetnik]

The Cryptsy lawsuit is about someone allegedly losing 140BTC via trades on the exchange despite maintaining control of his/her account, then alleges that Cryptsy transferred all BTC out of the account.

It also says something along the lines of the plaintiff believing that BTC sent to one wallet address should remain in that wallet address in a specifically isolated account from other users BTC, and that this should be a standard on all exchanges.

hmm i think i saw some guy like that maybe last last year making some claim like that on their chat box and months before too..
we all laughed at him and told him get better at trading lol