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Re: Vlad "plots" aginst best freind scammer Matthew N. Wright
by
ArticMine
on 12/09/2012, 17:17:14 UTC
So what did Vlad do that is wrong?  Matt indicated he had cut including ownership of BitTalk.  Guess that was yet another lie made by Matt. If Vlad uses his defaulted obligations as leverage to boost him from the company before he does anymore damage I don't see a problem with it.

Honestly I am not sure what the problem is?  Matt hasn't repaid the debt because he feels nobody is in a posistion to collect.  Vlad believes he is in a posistion to collect. Selling debt to "stronger hands" happens all the time, everyday, all around the world.   Vlad likely wants Matt far far away from the company he is a part owner.  Can you honestly blame him?  Matt has already done significant damage and if it comes out later that Matt still owns a significant stake that will be another blow to the company.   Obviously depsite his "apology" Matt is looking to play hardball and Vlad see his debt as a method to gain leverage.   It is called "big boy business".


Also Goat  posting PM publicly? Huh  They are called PRIVATE Messages for a reason.  Nobody is saying it is criminal but it is downright scummy.  Your actions indicate you don't care if a conversation is private you are just going to violate that privacy when you feel like it.   Kinda sends a message that nobody should ever do business with you and nobody should ever tell you anything in confidence.

TL/DR:  "snitches get stitches"  j/k

This misses a very critical legal point. Does BitTalk and Vlad have right of offset on Matt's debt? If I were in Vlad's position I would be getting legal advice pronto. Seriously. Otherwise Matt could potentially bankrupt BitTalk over this.
Maybe I'm just a noob at this, but HOW?
IANAL
I am going use Pirateat40 as an example since unlike this case it is fairly straightforward to establish the amount of the damages in court. In Matt's case the first question that comes to mind on the other hand is: Would a court consider a scammer tag on bitcointalk.org liquidated damages in the event of a default? So it is actually a lot worse for Vlad and BitTalk.

So let us say I purchase some Pirateat40 debt at say 5 bitcents on the BTC. I spend another 5 bitcents per BTC on debt collection efforts, get Pirateat40 to settle for say 15 bitcents on the BTC without forcing him into bankruptcy for a cool 100% profit. Sounds great? Not really. Let us say the other Pirateat40 creditors force Pirateat40 into bankruptcy shortly thereafter, and his bankruptcy estate cannot pay them 15 bitcents on the BTC. The bankruptcy estate can then sue me for the 15 bitcents per BTC pre-bankruptcy settlement.