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Author Topic: Calling you forth, Coinographic  (Read 10519 times)
AT101ET
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February 16, 2015, 09:36:32 PM
 #101

Quality of coins was high, but so was the price. The revenue generated here must have been significant

Everyone has assumed that after a certain point, new orders were effectively paying for previous orders fulfillment. But I am not even sure of that now. It's starting to look like initial order fulfillment was to get positive feedback and as such a greater number of orders

I am not clear at what point orders stopped being met, but new orders were still being accepted, but not delivered. Ie how much funds were then gathered, effectively without any costs incurred. In theory that's what's been cleared ...

Yes the liabilities may well exceed the assets but Coinographic should still have those funds, plus the left over stock. This should be the amount that should now be distributed between all those still owed

I don't know where those pre-order funds went to, and why they aren't still available. Saying there is no payout, not even a penny in the pound is not a tenable position. Coinographic don't think for a second that your statement closes this



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Mart9275
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February 16, 2015, 09:40:34 PM
 #102

Interesting message posted on the litecointalk forum:

https://litecointalk.org/index.php?topic=20417.255
Quote
I've just spoken to a lawyer. Coinographic is lying about liquidation too.
No liquidator has been appointed as of yet and wind up forms are used before a company goes into liquidation (which is what he is claiming his company is in on his site).
cyclops
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February 16, 2015, 10:24:14 PM
 #103

Interesting message posted on the litecointalk forum:

https://litecointalk.org/index.php?topic=20417.255
Quote
I've just spoken to a lawyer. Coinographic is lying about liquidation too.
No liquidator has been appointed as of yet and wind up forms are used before a company goes into liquidation (which is what he is claiming his company is in on his site).

Lies, lies and more lies from Coinographic
smoothie
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February 16, 2015, 10:27:18 PM
 #104

Interesting message posted on the litecointalk forum:

https://litecointalk.org/index.php?topic=20417.255
Quote
I've just spoken to a lawyer. Coinographic is lying about liquidation too.
No liquidator has been appointed as of yet and wind up forms are used before a company goes into liquidation (which is what he is claiming his company is in on his site).

Lies, lies and more lies from Coinographic

Didn't you and I both call them out on their bullshit over a month (or two) ago?

Not surprising how things ended.

Their actions show how scummy they are.


Yes Mark you are scummy for doing all of this.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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cyclops
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February 16, 2015, 10:34:06 PM
 #105

Interesting message posted on the litecointalk forum:

https://litecointalk.org/index.php?topic=20417.255
Quote
I've just spoken to a lawyer. Coinographic is lying about liquidation too.
No liquidator has been appointed as of yet and wind up forms are used before a company goes into liquidation (which is what he is claiming his company is in on his site).

Lies, lies and more lies from Coinographic

Didn't you and I both call them out on their bullshit over a month (or two) ago?

Not surprising how things ended.

Their actions show how scummy they are.


Yes Mark you are scummy for doing all of this.

I'm still shocked that he has not even funded coins from October, it seems that things have been going "wrong" (or money "disappearing") for a long time...
smoothie
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February 16, 2015, 10:41:19 PM
 #106

Interesting message posted on the litecointalk forum:

https://litecointalk.org/index.php?topic=20417.255
Quote
I've just spoken to a lawyer. Coinographic is lying about liquidation too.
No liquidator has been appointed as of yet and wind up forms are used before a company goes into liquidation (which is what he is claiming his company is in on his site).

Lies, lies and more lies from Coinographic

Didn't you and I both call them out on their bullshit over a month (or two) ago?

Not surprising how things ended.

Their actions show how scummy they are.


Yes Mark you are scummy for doing all of this.

I'm still shocked that he has not even funded coins from October, it seems that things have been going "wrong" (or money "disappearing") for a long time...

That is the revelation that sealed it for me that they were scammers. You do not go 3 months without funding coins for many customers and not try to make it right immediately and without delay.

Mark (coinographic) was here for one thing and one thing only...to profit even if his business failed he wanted to profit from his customers sending him funds for physical coins and then pulling a fast one on them by now closing up shop without even trying to make customers whole with their existing "stock" of physical silver litecoins.


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nicolasgramlich
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February 16, 2015, 10:46:57 PM
 #107

Coinographic LTD was set up in the early part of 2014 as a legitimate company for the purpose of creating unique physical crypto-currency coins.  Every effort was made to try and make the business succeed.

Over the last few months the company has struggled to generate sales and support for our products.  We have also suffered a lot from the fall in the price of digital currency as well as other issues.

As a company we had every intention of trying to resolve our issues and we have truly exhausted every avenue to try and raise capital to either make good with our existing customers or issue refunds to those of you that invested in pre-orders of our upcoming Bitcoin collection.

Unfortunately, we regret to have to announce that due to events over the last few months the company is now bankrupt and can no longer continue trading.

As a result of our liquidation we are unable to honour any outstanding orders, coin funding or pending refunds.

As of today we will no longer be able to correspond with anyone.  Our email accounts, website and telephone numbers will now be terminated.

If you wish to issue a winding-up petition (WUP) against our company you can do so from the following link - https://www.gov.uk/wind-up-a-company-that-owes-you-money/overview.

Our company information is below;
Coinographic Ltd
registration number 08773620

We are truly sorry that it has come to this and wish everyone the best for the future.


Wow, just wow! Just wondering if you ended up paying yourself a salary up to the very last minute?

Great, just 280£ in fees to file that report and it very much doesn't look like you'd be able to pay that.

Should we file one such report all together?

Mitchell
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February 16, 2015, 10:47:35 PM
 #108

Sooo, now Coinographic has a nice stack of coins and customer funds! What a great deal. Roll Eyes

.
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bithalo
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February 16, 2015, 10:53:02 PM
 #109

Coinographic...you guys disgust me.  How many times have you lied to your customers, ignored them, broken promises, and now you resort to theft?!  You guys continued to take orders long after you knew you were not going to fulfill them.  That's fraud.  

You have inventory that you could have used to make people whole, but instead you slink off into the night.  Your argument is that sales are low and bitcoin/litecoin prices are down?  That affects every other other physical coin seller, but you don't see them acting like you.  Good riddance Mark.

I would ask that anyone in UK contact their law enforcement on Mr. Hamilton.

Some public info:

http://whois.domaintools.com/coinographic.com
http://companycheck.co.uk/director/918165311

Co-author to the Encyclopedia of Physical Bitcoins.  More details can be found at https://bitcointalk.org/index.php?topic=2767515.0
nicolasgramlich
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February 16, 2015, 10:56:48 PM
 #110

Is anyone following the coins?
This is my TX (for the nice 2BTC deal they did): https://blockchain.info/tx/81a620c3da5b741f4e29ddaae2de1743bfce13fc6bcd595a2bf9acb4d63a00a4

Mart9275
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February 16, 2015, 11:01:52 PM
 #111


I'm still shocked that he has not even funded coins from October, it seems that things have been going "wrong" (or money "disappearing") for a long time...

From when in October exactly? I was under the impression that the company was doing well back then because apparently Mark had money and time to go on a honeymoon in late September.
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February 16, 2015, 11:02:49 PM
 #112

Sooo, now Coinographic has a nice stack of coins and customer funds! What a great deal. Roll Eyes

I know yeah?

Take orders and preorders, claim you will send the coins, promise some partial reimbursement, then run away...

I love the integrity displayed here. lol  Roll Eyes

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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cyclops
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February 16, 2015, 11:37:48 PM
 #113


I'm still shocked that he has not even funded coins from October, it seems that things have been going "wrong" (or money "disappearing") for a long time...

From when in October exactly? I was under the impression that the company was doing well back then because apparently Mark had money and time to go on a honeymoon in late September.

20 of October...
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February 16, 2015, 11:57:23 PM
 #114


I'm still shocked that he has not even funded coins from October, it seems that things have been going "wrong" (or money "disappearing") for a long time...

From when in October exactly? I was under the impression that the company was doing well back then because apparently Mark had money and time to go on a honeymoon in late September.

20 of October...

So things must have started to go wrong somewhere between late September to late October, and yet he continued to take orders all the way up until today, Jesus!

This was his reply on February 1st when I told him to take down the order page on his website:

Quote
We will be taking the products down when we put the forms up.  I am not a criminal and it’s not that many people that are owed.  It can’t be as we didn’t sell hardly any coins.  We will settle our bill in 25 LTC coins with you but first we must deal with outstanding customer issues, bear with us.  No-one has bought anything from our website for nearly two months, no-one has been ripped off
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February 17, 2015, 12:07:17 AM
 #115

Coinographic...you guys disgust me.  How many times have you lied to your customers, ignored them, broken promises, and now you resort to theft?!  You guys continued to take orders long after you knew you were not going to fulfill them.  That's fraud.  

You have inventory that you could have used to make people whole, but instead you slink off into the night.  Your argument is that sales are low and bitcoin/litecoin prices are down?  That affects every other other physical coin seller, but you don't see them acting like you.  Good riddance Mark.

I would ask that anyone in UK contact their law enforcement on Mr. Hamilton.

Some public info:

http://whois.domaintools.com/coinographic.com
http://companycheck.co.uk/director/918165311

Yup I am a physical coin seller and yes business is slow but it doesn't mean my business is going to go bankrupt.

It sure sounds like Coinographic speculated with their customer's funds. How else would they "lose" the money based on the prices of crypto?

Especially FUNDING amounts specifically for customer coins.


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███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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February 17, 2015, 12:20:02 AM
 #116

One serious thing to consider is if Coinographic is willing to run away like this, what is to stop him from keeping a copy of your private keys to your physical coins.

ALL PHYSICAL COINOGRAPHIC COINS SHOULD BE CONSIDERED COMPROMISED AT THIS POINT GIVEN THEIR ACTIONS.

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February 17, 2015, 01:17:08 AM
Last edit: February 17, 2015, 02:18:34 AM by Saigonsmokes
 #117

I already commenced legal proceedings against Coinographic last week, he is aware of this. The company is yet in liquidation, no liquidator has been appointment yet according to my solictor.

Refund Owed

He owes me 5.46BTC and 729LTC.

Mark has the following coins in stock and I have emails confirming this, he was trying to get Charlie to buy some coins recently and I am not sure if this went through:
45 bull coins
29 Chicken coins
38 LA coins
352 1 LTC coins

If anyone would like Marks personal details please PM me. I will be back in the UK next month to deal with this and to visit Mark in person to discuss this matter further, if anyone wishes me to take on collection of their debt please PM me.

Please read here: https://www.gov.uk/liquidate-your-company

'You can be banned from being a director for 2 to 15 years or prosecuted if the liquidator decides your conduct was unfit.'


Once I estbablish who the appointment liquidator is, I will post their details here. As you can see above, if the liquidator decides Marks conduct was unfit he will be banned from being a director for 2-15 years. I suggest when I post these details that everyone involved contact the liquidator and explain why Marks conduct was definately unfit and perhaps fraudulent.

Mark is currently the director of this company, http://www.visualsin.co.uk/, company reg: 8709006 which today is showing as CLOSED FOR BUSINESS.

I will update this thread when I have further information. I suggest everyone report this to COMPANIES HOUSE as a 'fraud' to ensure that they are aware of the practices of Coinographic and that they still have stock in hand. https://www.gov.uk/government/publications/reporting-fraud-about-a-company-to-companies-house, they will work with the liquidators and its likely Mark will not tell the truth to the liquidation team

The Company Investigations team within The Insolvency Service has the power to investigate limited companies where information received suggests corporate abuse, such as:

serious misconduct
fraud or scams
sharp practice in the way a company operates

Also to complain to the INSOLVENCY SERVICE: https://www.gov.uk/complain-about-a-limited-company

Can everyone please post the LITECOIN and BITCOIN addresses where they made payments too, that way we can trace these payments on the Blockchain to see where exactly they ended up. Mark continued to take payments for coins yet he has not spent that money anywhere as he did not manufacture the coins. Lets try and find where he channelled these funds too so we can inform the liquidators and courts.

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February 17, 2015, 01:22:12 AM
 #118

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February 17, 2015, 01:41:11 AM
 #119

Wow, I am shocked by how blunt and disrespectful this situation ended. The bit about the email addresses, phone numbers, and company address all being shut down for communication just blew me away. You talked several times about having good intentions, yet your intentions over the past few months are clear: running your dying business into the ground while still trying to steal every bit possible from customers, knowingly fucking them. It sounds like you are about to get proper fucked here though. Hopefully you weren't gambling with the last customer's funds still trying to win the money back to pay off the 1st...

One serious thing to consider is if Coinographic is willing to run away like this, what is to stop him from keeping a copy of your private keys to your physical coins.

ALL PHYSICAL COINOGRAPHIC COINS SHOULD BE CONSIDERED COMPROMISED AT THIS POINT GIVEN THEIR ACTIONS.


No kidding, I would half expect to find an "I Owe You" note underneath one of Coinographic's holograms at this point.  Roll Eyes

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February 17, 2015, 05:59:19 PM
 #120

LINK: https://litecointalk.org/index.php?topic=20417.msg253317#msg253317


Reposting from Litecointalk.org


I wanted to post to address a couple of the issues raised and try my best to answer them;

1. We have not appointed a liquidator for the simple reason we cannot afford one.  We have posted a link so that anyone can request a wind-up order for our company. At that point a liquidator will be appointed. We have no liquidator information to post because there isn’t one as yet.


No liquidator exists because originally you put on a facade to make people think you were actually going to work with them on order refunds, coin FUNDING, and preorder refunds. Yes people should sooo take your word as truth.  Roll Eyes

2. We do have some stock but not as many as people think.  All we have in our hands are 1ltc coins.  The silver coins are being retained by the coin manufacture.  The coins we are holding will be given to a liquidator should one be appointed.  We also have a lot of boxes, holograms & proto-type coins as assets.

You supposedly made it appear on your website that you had hundreds of 25 LTC bull coins, hundreds of 10 LTC LA coins, and hundreds of 10 LTC chikun coins.

Talk about putting up an image to make you look like you are fully stocked when you really aren't.


3. We have shut everything down because we can no longer operate as a company and have exhausted all possibilities of trying to raise capital to make things right.  Neither the company nor I own a single Bitcoin or Litecoin.

Yeah so you took people's money for physical coins you SUPPOSEDLY have, SUPPOSEDLY could fund, and can't refund that money/BTC/LTC?

You are so full of crap.

4. Since we announced our problems we have not sold a single coin, we did not accept any orders that we knew we were not going to be able to fill. 

Yeah yeah sure sure. I'm sure you were not funding coins back in October because you "knew" you could fulfill all outstanding orders. Please stop with the BS.

5. Any monies received for pre-orders of the bitcoin collection were invested into the company and the production of those coins.  We paid for molds, dies, prototypes, boxes, holograms, competitions, designs, website, advertising, hosting, office costs, and internet as well as many other associated costs.  I personally invested much more of my own personal money into this project then was ever received in orders. 

Blah blah blah...more lies. Even if that is true why would you invest money into a project you only had partial funds for? That makes no sense.

Why were preorder funds used to pay for office costs, internet and other associated costs as well as website? I don't see how they are related.

I'm sure your preorder customers did not know you would use the funds to fund your BUSINESS costs and not your physical bitcoin project costs.


6. Support for our product was very low since the company started.  We have had no more then 30-40 customers since the company started last April.

Stop blaming your customer base as the reason your company went under. And stop blaming the price of Bitcoin/Litecoin for your failures.

7. We never kept any private key information.  Redeem your coins if you wish to or can’t trust that fact.

Yes as if people should believe you given all of your previous lies up until this point.  Roll Eyes Roll Eyes Roll Eyes

8. No fraud has taken place here.  Every penny received can be accounted for in costs.  We have all the paperwork and details for everything.  This is simply a case of a company running out of money and not selling enough products.

Once again if you werent selling enough products and did not have enough to produce the Bitcoin collection why did you try to keep up the facade that your company could afford to finish those coins and orders of other coins that you did not deliver/fund? Like I said, you sir are full of BS.

Yeah if you did not have enough funds to produce your bitcoin collection, why collect preorders?

Were you hoping your customer base would completely fund your projects? Like BFL?


9. I personally have no money.  My other business has also gone bust at the same time. I am struggling to put food on the table for my children.  You can DOX me (my information freely available on the net), sue me or visit my house.  It doesn’t change the fact that there is no money. I don’t own a house or any other assets personally.  If there was a way I could have sorted this out from my own money, I would have. I had/have no interest in ripping anyone off; I simply do not have any options open to me to resolve this.  Closing the company was my last point of action.

You say you have no money yet you claimed to have the ability to make people whole (at least somewhat). What was that form for if not to delay for more time?

Yeah sure your other business went bust at the same time. How convenient.

Now you are going to play the "my family doesn't have food" card? Seriously you are taking this pretty far.

10. We are not hiding any Bitcoin or Litecoin.

Where have we heard that one again???  Roll Eyes Roll Eyes Roll Eyes

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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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