There's something with Tihan going on, but I am not following that because it's unneeded drama for me - it seems he got fired, although I'm not sure for what.
Who replaced Tihan as the point of contact for the Limited Partner?
We had to sort out the legal issues with Tihan (who has legal control over the funds)
Who now has legal control over the funds?
USD payments are slower since Donald doesn't have direct access to them (goes through a second person).
Who is the second person?
20:48 wendon bought bitcoinica in like october and knew immediately that there were problems
Who is Wendon? What is his role in Bitcoinica LP?
20:49 when we got involved in what was it like march? they had been operating for months without a major overhaul
20:50 the paperwork was wrong and tihan was rushing because i think he realized how fucked the situation really was
If you guys new things were fucked up from the start, then why you did you mislead the general public with posts like these:
http://bitcoinmedia.com/first-licensed-advanced-trading-platform-for-bitcoin/depositors can also make a sizable return on investment in the form of interest. The current yearly interest on Bitcoinica for Bitcoin deposits is over 6 percent.
Encouraging people (like me) to put their deposits in Bitcoinica while at the same time you guys knew that things were seriously fucked up is not a moral or ethical thing to do. Also this post made by Donald gave the impression you guys were in control and that the transition had been completed.
Mistaken payments will not be refunded (hence the 50% first solution).
Unacceptable. Basically you are saying: If we make a mistake
you pay for it. I did not read this in the Bitcoinica Terms of Service that I agreed to.