Quote from: Seal on September 06, 2012, 03:51:10 AM

Quote from: dooglus on September 05, 2012, 06:05:59 PM

Well, A gets 0.154 BTC which is $1.54, but he was only owed $1.00, so he's made a profit on the deal which doesn't seem right. I don't see why anyone would be entitled to get more than 100% of what they're owed, unless everyone does.

Fair point!

And I'd rather this be settled without expensive fees being taken out by lawyers. I've already consulted one who has told me for claims any less than $40k, its simply not worth it as the costs will outweigh the potential return. Official letters have to be sent to serve as notice and fees alone for these letters to start the process are around at least in the hundreds of dollars.

I doubt anyone would have a claim which doesn't count as a "small claim". I suspect Andre wouldn't bother turning up so people would win by default, but there's not much point in having a judgement you can't enforce, even if it's been cheap to obtain. It would trash Andre's credit, but that's about it (and it's probably already trashed given what he posted on Yahoo last year about his mortgage problems).

Unlike the Bitfloor thread, there is agreement between the creditors here on how to proceed. With no way to contact anyone else who may be owed funds by WBE, that's about as good as you're going to get. The alternative would be returning the coins to Andre so that he can distribute them and no-one wants to take that risk even if it might be "technically" the appropriate course of action. If the creditors on here represent a majority of funds owed, you're on pretty safe ground going along with whatever they'd agreed. if people haven't taken legal action to recover their funds by now, they're not likely to do so over the manner in which those funds are returned.

Andre remains an absolute shit-heel for dumping this on Chris.