Quote from: stochastic on October 06, 2012, 08:23:13 AM

Quote from: Puppet on October 06, 2012, 08:20:50 AM

As for him stealing funds to pay for his lawyer; getting legal advice certainly sounds like a legitimate business expense to me, one you should have invested in a LONG time ago. Its completely reasonable Nefario would pay that with company funds rather than his own personal funds.

I thought he was using users funds to pay for the lawyer?

As I understand it, he may or may not have been using funds from the hot wallet to be replaced by funds that Theymos holds that belong to the holding company. IF thats the case, its questionable, but as long as he doesnt spend more than what GLBSE has in reserves, in the grand scheme of things, not a major issue IMO.

On a side note, when I watched Nefario's speech at the conference, I was shocked to hear him say how bitcoin OTC saved his ass when he urgently needed (IIRC) 400 pounds to pay for something. I was expecting him to say the opposite, that bitcoin OTC saved him when he needed bitcoins. But he needed fiat. Its not a crime to be broke, but one has to wonder if its a good idea to put someone in charge of 100s of 1000s of bitcoin when that person has trouble coming up with 400 pound to pay his bills.