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Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :)
by
Phildo
on 29/09/2015, 04:06:21 UTC
It occurs to me that the primary reason to bring a lawsuit at this point would be to attempt to get a bigger share of what specific people lost than they would receive after the SEC is done with GAW. Similar to the Madoff compensation after the fact where the average compensation was closer to 1/3rd of losses. Imagine if you suspected the Ponzi prior to the SEC finishing its investigation and recovered your investment before everything came out in the open. If that's the goal, then dragging their feet on getting the lawsuit started is antithetical. They should be pushing this into court yesterday. I certainly wouldn't accuse anyone without absolute proof, and I have none, but the evidence suggests that this supposed lawsuit is not what it seems and is more likely a way to deflect and distract the people who were harmed and most upset about it while any remaining funds are stashed prior to the SEC ordering a confiscation of everything they can find. Lots of these people are young enough that they could potentially outlive their prison sentences and want to have some funds around when they are released. They aren't going to get 150 years like Madoff. It makes the situation make sense to me, but this is all supposition and hypothetical.

How will the lawsuit get people cash?

They didn't pay the electric bill from mr. "never been convicted" Joe Mordica, why would they pay the judgement from that lawsuit from his new business partners?