So....
- the FTC came in and stopped the company trading
- The FTC then appointed a receiver who charged 7 figure sums a month, while not allowing shipments to customers
- The FTC failed to prove what they wanted to.
- The FTC bankrupts BFL.
- The FTC 'wins' by getting them to pay $4000......
- BFL loses its company in the process
- Any and all customers are left with $0 or hardware
*slow clap*
most accurate summary i hve seen so far.
*edited quote*
Yes. People thought the FTC would step in and save the day. Instead they showed why the people should have known the government is a useless leech and stole what remaining money the customers might have gotten back.
FTFY
The FTC didn't even make a recovery, it was the local receiver and his contractors (whom he paid ridiculous amounts to) that recovered the only money. Meanwhile the taxpayer footed the bill for the FTC, its contractors, its multiple lawyers, the court, the judge, the prematurely lost jobs, the loss of tax revenue. All BFL customers lost, including those that were receiving cloud mining, already made hardware, soon to be made hardware and those in the refund queue. Even those customers who filed a class action via Wood Law got screwed by the FTC.
I'm pretty surprised that Helen W(r)ong wasn't fired for bringing this case in a situation where the people she was claiming to protect had zero chance of benefiting from her actions. She's now spinning herself as a bitcoin aficionado and doing TED talks, its rather sick.
https://www.youtube.com/watch?v=i6PAazB5_f4