Like I said, this is in the end going to have to be a class action format suit against Jam and no lawyer will take a case like this on without multiple examples of fraud...lets start assembling and documenting all of the individual examples of fraud perpetrated by Jam and build a case to present to the authorities first...we will probably have better luck with the authorities initially; civil action for damages can follow after an official fraud investigation is conducted.
I'm done with writing my thesis next month and have plenty of time to spent on figuring this class action suit format. Guess we should gather a lot of people that are involved, any suggestions to do it under BTCjam's radar?
If you want privacy then I suggest creating a free account doing it here -
https://unseen.isIf you decide to create an account there, then I suggest creating it with your bitcointalk username.
I already made a screened Unseen chat group earlier called "Bitcoin Peer to Peer Investors Forum" which could be used, or you could create a new group of your own if you prefer. Anyone with an Unseen account who wants to join my group can send me a personal message here and request access.
Either way I would also be interested in pursuing this legally.