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Author Topic: CEO of troubled Iowa brokerage arrested, charged (missing $200M customer funds)  (Read 964 times)
acoindr
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July 13, 2012, 08:01:36 PM
 #1

Hey all,

Theft is not all Bitcoin:

Quote
Feds arrest, charge CEO of Iowa-based brokerage firm that is missing $200M in customer funds

http://finance.yahoo.com/news/ceo-troubled-iowa-brokerage-arrested-174838082.html
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Mistafreeze
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July 13, 2012, 08:21:36 PM
 #2

He tried to kill himself about 3 miles away from me. Kind of a weird story to have happen around here  Undecided

At least 4 people I know are out of work because of this.


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hazek
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July 13, 2012, 08:42:50 PM
 #3

He tried to kill himself

Do you maybe know how?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
Phinnaeus Gage
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July 13, 2012, 08:46:06 PM
 #4

He tried to kill himself

Do you maybe know how?

Death by Bitcoinica Chocolate.

I don't see how he could have been arrested, let alone a police report filed.

Got a fresh cup of coffee and headin' back to that other thread.

~Bruno~
Mistafreeze
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July 13, 2012, 08:51:11 PM
 #5

He tried to kill himself

Do you maybe know how?

Quote from: Yahoo Article
Wasendorf had been hospitalized at University of Iowa Hospitals and Clinics after attempting suicide outside the company's headquarters in Cedar Falls on Monday by hooking up a tube to his car's tailpipe.

He's a pansy.


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Gabi
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July 13, 2012, 09:02:02 PM
 #6

Nice thread. Scams and frauds are common in the world, they do not happen only in bitcoin! Billions and billions are scammed every year

doobadoo
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July 13, 2012, 09:52:54 PM
 #7

He tried to kill himself

Do you maybe know how?

Death by Bitcoinica Chocolate.

I don't see how he could have been arrested, let alone a police report filed.

Got a fresh cup of coffee and headin' back to that other thread.

~Bruno~


Confessed to fraud in suicide note.  claimed it was going on for 20 years!  said he used photoshop to fool regulators! LOL!

"It is, quite honestly, the biggest challenge to central banking since Andrew Jackson." -evoorhees
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July 13, 2012, 11:51:29 PM
 #8

Good to know there are other Bitcoiners from Iowa. Were not always the quickest to jump on new technologies, but it looks like you've been around for a while.

This is actually a huge story in the region, and likely will be for some time. People can be pretty unforgiving here, trust is a commodity.

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