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Author Topic: Coinographic - DO NOT BUY! A warning to the community!  (Read 4105 times)
Mart9275 (OP)
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February 04, 2015, 10:07:18 PM
 #41

Have you heard from Coinographic?

Yeah, he has promised to pay me after he has taken care of his customers (IMHO, the right priority), and I of course expect him to honour his word.

In any case, let this be a lesson to everyone: If you do any work online, be freaking sure to have your payment in escrow before you start.

As already stated, though this entire show might have many of the hallmarks of a scam and many customers indeed feel cheated, I don't think it was ever intended as a scam. I know that Mark has put in a shitload of work into this project, but sadly it seems like he has tried to bite off much more than he can chew, and all along the way his pride has kept him from being open and honest about what has been going on. A really bad combo that we now see the sad result of.
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February 04, 2015, 10:11:09 PM
 #42

Have you heard from Coinographic?

Yeah, he has promised to pay me after he has taken care of his customers (IMHO, the right priority), and I of course expect him to honour his word.

In any case, let this be a lesson to everyone: If you do any work online, be freaking sure to have your payment in escrow before you start.

As already stated, though this entire show might have many of the hallmarks of a scam and many customers indeed feel cheated, I don't think it was ever intended as a scam. I know that Mark has put in a shitload of work into this project, but sadly it seems like he has tried to bite off much more than he can chew, and all along the way his pride has kept him from being open and honest about what has been going on. A really bad combo that we now see the sad result of.

Thanks for the update. I guess time will tell once again if he is honorable or not.

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February 04, 2015, 10:18:46 PM
 #43

Have you heard from Coinographic?

Yeah, he has promised to pay me after he has taken care of his customers (IMHO, the right priority), and I of course expect him to honour his word.

In any case, let this be a lesson to everyone: If you do any work online, be freaking sure to have your payment in escrow before you start.

As already stated, though this entire show might have many of the hallmarks of a scam and many customers indeed feel cheated, I don't think it was ever intended as a scam. I know that Mark has put in a shitload of work into this project, but sadly it seems like he has tried to bite off much more than he can chew, and all along the way his pride has kept him from being open and honest about what has been going on. A really bad combo that we now see the sad result of.
I also feel cheated, and despite pm-ing and emailing him I still did not receive any information from him.
I've seen they also removed the Bitcoin Coins from their site, but left the Litecoin ones.







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Mart9275 (OP)
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February 04, 2015, 10:28:05 PM
Last edit: February 04, 2015, 10:43:30 PM by Mart9275
 #44

I also feel cheated, and despite pm-ing and emailing him I still did not receive any information from him.
I've seen they also removed the Bitcoin Coins from their site, but left the Litecoin ones.

The complete radio silence that many experience is in my book not acceptable, and on top of that the website keeps on selling the coins in stock like nothing has happened. IMHO he should deal with the problems at hand before trying to get more customers that could end up in the same situation. If nothing else, it is an extremely bad message he is sending and I really wish he'd start listening a bit.
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February 05, 2015, 04:39:53 PM
 #45

Thank you to everyone who has filled out the forms so far.  We are reviewing each request as we speak. If you filled out the form before this message, you will hear from us before the close of play on Tuesday

Regards
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February 10, 2015, 01:27:54 PM
 #46

Good to see that some action is being taken. Would be great to hear from some customers as well Smiley
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February 16, 2015, 09:19:39 PM
 #47

Well, so much for being the naive optimist that I am:

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.


 Roll Eyes
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February 17, 2015, 12:55:00 AM
Last edit: February 18, 2015, 03:00:47 AM by smoothie
 #48

Thank you to everyone who has filled out the forms so far.  We are reviewing each request as we speak. If you filled out the form before this message, you will hear from us before the close of play on Tuesday

Regards

Translation: "Thank you for filling out the forms like the idiots you are. We are reviewing each request as we speak with our mouth of lies. If you filled out the idiot form before this message, you will not hear from us as we PLAY with your money on Tuesday."

 Roll Eyes Roll Eyes Roll Eyes

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February 17, 2015, 01:05:10 AM
 #49

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
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February 17, 2015, 06:01:26 PM
 #50

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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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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February 17, 2015, 06:06:15 PM
 #51

Still makes me a bit sad, it's shit like this, among other things, that hold Bitcoin and Crypto in general back, it seems unsafer, while in fact it is much safer.

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February 17, 2015, 06:31:49 PM
 #52

Still makes me a bit sad, it's shit like this, among other things, that hold Bitcoin and Crypto in general back, it seems unsafer, while in fact it is much safer.

I agree that these scams do make crypto look bad.

That is why I am so passionate about outing scammers as they make the entire crypto ecosystem look bad.

This guy had so many red flags from months ago.

If it walks and talks like a scam...it most likely is.

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    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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Saigonsmokes
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February 18, 2015, 12:35:00 AM
 #53

https://litecointalk.org/index.php?topic=20417.msg253384#msg253384
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April 03, 2015, 07:40:57 AM
 #54

Coinographic 25 LTC physical coins/private keys are compromised.  Check your coins.

https://litecointalk.org/index.php?topic=20417.msg262284#msg262284
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April 03, 2015, 09:10:10 AM
 #55

https://litecointalk.org/index.php?action=post;quote=253162;topic=24707.0

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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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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April 03, 2015, 09:42:58 AM
 #56

https://litecointalk.org/index.php?action=post;quote=253162;topic=24707.0

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.


I allready read a longtime ago that he scammed people, so I removed him from my physical coin thread. My thoughts are with the ones he robbed, shame shame!

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April 03, 2015, 12:24:54 PM
 #57

If he stole the private keys, then there should be no doubt in anyone's mind that Con-ographic is a thief and scammer.  He should be criminally prosecuted for his prior acts of embezzlement, fraud and now theft of property.

I checked my 25 LTC, both 10 LTC, and 1 LTC.  At the moment, my balances are still intact.  Due to the low price of LTC right now, I'm unsure whether to break open the hologram.  As a collector, I hate to destroy the coin.

Should I decide to sweep the keys, what options do I have?  Any online wallets like blockchain.info to import LTC keys?

Co-author to the Encyclopedia of Physical Bitcoins.  More details can be found at https://bitcointalk.org/index.php?topic=2767515.0
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