Quote from: ecotone on April 22, 2016, 12:46:12 AM

Mark will never be allowed into the US due to his drug conviction. I guess that means he is barred for life from other countries like Australia too.

I would be surprised if he managed to pay any money back to his parents.

A realistic guess would be that the money went on staff wages, office rents and costs, Lyford's personal expenses like rent and utiities etc, foolish capital investments (physical coins, out-of-date mining equipment and daft 6-monitor setups) and the greatest leak of all - paying 'profits' back to early investors.

This was a ponzi scheme all along and DeMartino was spot on with pretty much everything he said.

DeMartino completely outwitted Lyford and Lyford had no real answers to any of DeMartino's questions.

You can't get blood out of a stone, Lyford is completely broke but this whole Banx episode needs to be investigated by the relevant authorities.

His US presence or lack thereof is virtually guaranteed,however,I do need to file a complaint locally,just for the record,the SEC are very closely tied to the FCA & HMRC & if any organisation can drive an investigation it will be one of these three,

Things just do not add up for the receivables to be consumed entirely by overhead, looking at some documents there appears to be a Lyford controlled trust which owns the offices that were being rented to Banx, Lyford paying Lyford from receivables,the profits paid were paper only, total ponzi, they didn't consume any funds as no one could cash out, profits paid (or not paid as we now know) was non revenue consumable,

I have been communicating with DeMartino for a while, his articles alerted me to what was potentially going on having left Mark alone for a year as agreed,

I personally do not anticipate any recovery whatsoever, however, this was not a legitimate enterprise by any stretch of the imagination, I would feel better having a clear understanding of just where the cash went,time will tell.