Quote from: Mageant on September 09, 2012, 07:54:24 PM

Quote from: Shadow383 on September 09, 2012, 12:38:37 PM

Quote from: piotr_n on September 09, 2012, 12:24:44 PM

Quote from: bitcoin.me on September 09, 2012, 12:22:32 PM

Quote from: piotr_n on September 09, 2012, 12:20:46 PM

Quote from: bitcoin.me on September 09, 2012, 12:04:05 PM

Pirate isnt returning anything. He sent all the money to zeekrewards.com

How do you know that?

Its quite obvious if you have been following things.

What sort of argument is that?

IMO you don't know shit @bitcoin.me - and it's been quite obvious for me, because I have been following the things you were posting.
Even my niece knows more than you. And she is 7...

-Zeek rewards ponzi offers 10.5% per week - Pirate claims to be earning 10.5% per week
-Zeek rewards gets shut down August 17th - Pirate folds August 17th
-Trendon's wife has/had zeek rewards affiliate stuff on her twitter, so they at least had knowledge of zeek and probably had some cash in it.

It'd make sense.
Whether that means that pirate investors might see a few percent back (Zeek had $225 million in assets to cover their >$600 million in liabilities, and legal costs will shave off some of that, but zeek rewards creditors may get back some cents on the dollar) is as yet unknown.

It would also explain why Pirate was worried about the BTCUSD price going up too high. If he had been running the ponzi himself the BTCUSD price would have been irrelevant to him.

On the other hand, in the week after August 17th Pirate was still claiming to be able to pay out everything. If all the funds had been in zeekrewards then he should have known that he wouldn't be able to get them out anymore.

My impression is that he was more worried about a sudden spike in BTCUSD price, like if he was repayed $100 to purchase 10BTC@$10USD/BTC and the price suddenly jumped to $12USD/BTC then he'd be short several coins. Not that it matters much now.