Post
Topic
Board Service Discussion
Re: Butterfly Labs CEO 25 Million USD Mail Fraud — A Concise Summary of Evidence
by
Rassah
on 24/09/2012, 02:06:33 UTC
Irrelevant, unless you have proof that Sonny has signature power.

Most founders/owners of companies do have such power. I ask that he confirm/deny it.

Amount of power, in most companies, depends on how much of the company you own. Sonny supposedly does not hold majority ownership, and thus only has the power to suggest and state his wishes, not make decisions. But it doesn't matter if he confirms or denies it, because you still have to take his word for it.

According to the statements, Sonny doesn't have access to the bank account, either. Though we only have his word on that.

In the interview it was stated that two signatures are required, so Sonny doesn't have access and can't sign by himself. But that was Sonny's own statement.

Which statements?


Where did he state he no access?

In the interview, this quote:
Quote
Quite important sub-point: One bit of the inner workings of BFL that I explicitly got permission to publish is that almost all bitcoins received via bitpay for preorders etc. are converted to USD by bitpay and deposited into BFL's bank account. This is important because that account is a corporate account with per-user limits, multi-signature requirements and all the standard protections enforced by the bank that keep the CEO of any company from emptying the company's bank account.