If we do decide to take legal action, we will need to do so quickly, so that we can get injunctions on Steamboat's funds (including bitcoin) before he funnels it all off and files bankruptcy (which, not to be the Chicken Little here, but there's the possibility that this is already what's going on behind the scenes, while Steamboat hides away from all of us).
I still have hope that Steamboat will do what's right for the community and his reputation. Heard from one groupbuyer who wants the case to be filed with the Florida Attorney General for fraud and prosecution, so apparently the person believes things are getting to Yifu levels. Hopefully, cooler heads will prevail. Apparently, it's not unprecedented that once things have been sorted out, asset seizure is not beyond their reach, even bitcoins as seen in a recent case. As for the freezing injuction, believe it used to be called the mareva injunction and it's quite commonplace to attach business inventory of the defendant for a civil suit, but it is unknown what would be seized if the Florida AG is involved.
Yes, as I said, I think we ALL hope it won't come to that. Steamboat knows exactly what needs to happen in order to resolve this amicably.
I am also not an attorney, but I believe that he would be liable in every jurisdiction for which there was a member of the group buy. I'll see about contacting my state's Attorney General regarding possible criminal charges, if it comes to that. Civil and criminal actions would be separate, and proceedings could actually take place in multiple jurisdictions. Sounds like a world of shit that Steamboat REALLY ought to be doing everything in his power to avoid. Starting with showing his face in this thread.
He was EXTREMELY active on here when collecting money, and when things were going well. The second things started heading south, so did he.
