FrictionlessCoin, solracx, Carlos Perez and the CodeAudit.com corporation of Delaware, come on down!
(I'll refer to you collectively as "the FCs" for much of this post)

This posting is my reply to your threat of legal action against myself and others, accusing us of defamation of a corporation, ie CodeAudit.com, and of it's president/CEO/owner/whatever Mr. Carlos Perez.

I don´t have a hell of a lot of time to deal with this, so I´m going to skip the usual sarcasm and comedy and simply deal with the legal facts as they apply to both CodeAudit.coms corporate activities and the activities of myself (and other) private individuals in connection with our criticisms of CodeAudit.com.

For those of you who have no idea what is going on:
Read the following threads:

https://bitcointalk.org/index.php?topic=424724.0 (this one)

https://bitcointalk.org/index.php?topic=422052.0

https://bitcointalk.org/index.php?topic=429399.0

the tl:dr version is:
Myself and others criticise the FCs activities in connection with NXT and nex, the FCs suddenly claim to be a corporation in order to be able to file a suit of corporate defamation against us in order to make us shut the fuck up.

Heres the moment the FCs first publicly claimed to be a corporation:

Quote from: instacash on January 25, 2014, 07:13:37 AM

Quote from: FrictionlessCoin on January 25, 2014, 02:10:11 AM

507,000 NXT STOLEN

Quoted for fun.

Quote from: EvilDave on January 24, 2014, 05:52:01 PM

Quote from: FrictionlessCoin on January 24, 2014, 05:32:37 PM

So it is clear, CodeAudit is a for-profit corporation incorporated in the state of Delaware.

FrictionlessCoin will be the brand for products that will create all kinds of crypto-currency software for sale.

One of these products may be a Nxt clone that we may offer for sale to the public.

Carlos Perez is a shareholder in CodeAudit Corp. "FrictionlessCoin" in this forum relates to the actions of the corporation. "solracx" in this forum relates to the actions of the person.

So it is even clearer to you, ZenithCoin is owned and by Carlos Perez. FrictionlessCoin created ZenithCoin.

FrictionlessCoin also is the lead developer for iXcoin and makes its software contributions for free for iXcoin.

FrictionlessCoin has other projects in the pipeline regarding crypto-currencies.

In short, if FrictionlessCoin decides that selling a Nxt clone has financial potential, then it is clearly within the laws of the United States of America and the State of Delaware to provide such software.

ROFLMAO.....that has got to be the sneakiest about-turn the FCs have ever tried to pull off.
I cant express how much LOL i'm doing right now.

I've watched FrictionlessCoin and solracx have an honest to god conversation with each other on this forum, and now it turns out that Carlos The Human was actually talking to Carlos The Corporation.

Quoted to show FrictionlessCoin's insanity

Here are a couple of his threats of legal action:

Quote from: FrictionlessCoin on January 25, 2014, 03:39:47 AM

Quote from: Jack Needles on January 25, 2014, 02:36:35 AM

There, fixed that for ya!

You might think your edit to be amusing. However you are falsely accusing a company of a crime.

Jack Needles, given that you are making a serious accusation could you please provide us with your identity?

We are a legitimate business and your persistent wrongful accusations may require us to file damages against you.

and:

Quote from: FrictionlessCoin on January 25, 2014, 03:41:48 AM

Quote from: EvilDave on January 25, 2014, 02:52:09 AM

Quote from: Jack Needles on January 25, 2014, 02:36:35 AM

Quote from: FrictionlessCoin on January 25, 2014, 02:10:11 AM

507,000 NXT ~~RESERVED~~ STOLEN

see other thread for more reservations

There, fixed that for ya!

LOL'd lots.
Poor old FCs..........

EvilDave, if you do not want to provide us with your identity, then please do not post false accusations.

We are a legitimate business and your persistent wrongful accusations may require us to file damages against you.

After these threats of legal action, I decided to talk to some lawyers and do some research, which I think the FCs should have done first....

Point number one: legal action by the FCs against myself and others.

The FCs had a good point, unfair criticism of a corporation can lead to justifiable legal action.
But: the FCs did not declare themselves to be a corporate entity for quite some time, so any criticism of the FCs from before that moment is inadmissible for the FCs in any defamation case.
However, as a defendant and a private individual , I can bring all of this thread (and other relevant threads) into my defence and any further counter-suit that I feel like bringing against the FCs for malicious prosecution.

So the FCs havent got a snowballs chance in Hell of winning a defamation suit, given that the only evidence is this thread and others. He does have a real chance of losing a counter-suit for malicious prosecution, though.

My last 3 points on the FCs defamation suit:
Defamation of a corporation is a civil matter, and therefore non-extraditable, even between different US states. So, unless u are a critic of the FCs and live in Maryland or Delaware, u can simply cross those states off your list of places to visit and stick your fingers up at the FCS.

I live in the Netherlands, so I completely can't be extradited for civil charges.
And who knew that the US of A was so keen on free speech for the individual ?
And all those rights as a private individual that simply don't apply to corporations.

For example: disclosure of corporate information vs private information.
If someone were to post the FCs private address details, that would be wrong, but as the FCs are now a corporation, all of the details of that corporation can be freely published, because they are a matter of public record.

But that doesnt really matter, because the FCs have created a much bigger problem for themselves:

Now we come to the fun bit, at least for me.
Not so funny for the FCs, I think, or their investors.
Corporations are governed by much stricter legal requirements than private individuals. As a private individual I can start up a crypto-currency and ask freely for investments. No problem at all.....if it goes to shit, there is very little investors can do about it.

If a corporation actively recruits investors, but does not disclose to these investors that they are investing in a corporate project, then the corporation and its officers can be prosecuted for obtaining funds under false pretences. This is actually a proper criminal offence and can get you something in the region of 5-15 years state prison time.

Just to throw some more on top, because the investors where recruited via the internet, the Federal authorities can treat it as a form of wire fraud, which gets u another 5-15 years in a real "fuck u in the ass" federal penitentiary.

In case no-one noticed, the FC's have never stated that nex was a corporate project until last Saturday......ooops!!
And do all of their previous projects now qualify as corporate projects.......?

All it will take is one person with an issue with the FCs to step up to the Federal authorities with a complaint against them and they are in deep shit.
All because they couldn't handle some criticism, and decided to pull a sneaky trick to shut some annoying people up.
Genius move , FCs, gotta admire your brilliance.
(as a note: I'm not gonna press charges against them, unless they get really stupid. Somebody else might, tho')

And here is a sneaky manouver from me:

INTERESTED. I hereby pledge one NXT to be exchanged for 50 nex.
Hey, I am now a corporate investor in the nex project from Code Audit.com. Yay!

As an investor, I hereby request that CodeAudit.com posts:

Copies of its incorporation papers.
A comprehensive list of it's past, current and future activites.
A comprehensive list of it's officers, executives and employees.
And copies of its filed yearly tax returns, accounts and yearly reports for the last 5 years.

Within 72 hours would be nice, Google Doc links are acceptable.

So, FCs, the ball is in your court, have fun!

TL:DR version:
FCs have no chance in defamation case, open themselves up to Federal fraud charges.
EvilDave demands copies of every piece of paper CodeAudit.com has ever filed.
If the FCs have threatened you with legal action, don't worry unless u live in Maryland or Delaware.