The stream of accusations (mind you all by the same people) are not well documented
Well, I think I
documented his involvement with the biggest crypto ponzi scheme pretty well. He profited well over
BTC1,000 by collecting funds and sending them to a ponzi scheme (
pirateat40) and paying out less than the ponzi scheme was paying. When the ponzi scheme went down, his 'reserve' fund of less than 5% or what had been collected was returned to investors. (We don't know exactly how much because he deleted all the posts and won't say).
I'm not 'team lauda' either, btw:
I do not endorse any website in my signature.<--Hey Lauda, That's Bullshit Unlike you I was there back then and saw it with my own eyes. Trendon Shavers went to prison. Do you really believe if OGNasty was an active and knowledgeable participant in any related crime they would have just overlooked him? You should work for the FBI or the SEC since you have such unique ability to sniff these things out that they seem unable to.
Yeah man, I literally linked an article about Trendon Shavers going to prison in the post you quoted.
OGNasty was offering 8% monthly (obviously not sustainable). He was then sending the money he collected to pireateat who was paying out 1% daily. When pirateat was actually paying, OG would make the 8% payment to people he gave the money to and keep the difference (around
BTC500 per month for at least a couple months). When Pirateat stopped, he paid out the 'insurance' ammount which was around 5% of the total invested, far less than the cut he took of the payments. Then when he found out I was digging through the old threads he deleted a bunch of posts. These are facts.
That's a ponzi on top of a ponzi.