Quote from: OgNasty on December 07, 2019, 06:03:24 AM

When pirate opened his plan up to the public, users moved to dealing with him directly.

I just have to point out how irrelevant this is.

You started your pass-through in April, 5 months after pirate was publicly looking for lenders and 4 months before it crashed. And you catered to people who couldn't afford the minimum investment required to deal with him directly.

Quote from: TheNewAnon135246 on December 07, 2019, 08:29:13 AM

The 65 BTC came from the insurance fund which OgNasty set up on his own, likely from the profits he made from Pirateat40. To have at least some BTC in case Pirateat40 defaults, which eventually happened. And OgNasty paid out "investors" from his insurance fund.
Now the current accussation is that he was made whole by Pirateat40, receiving all 2.000+ BTC, but not telling it his "investors" and instead, only paying them the lousy remains from the insurance fund.

Until yesterday, I wasn't really making a scam accusation. I was just pointing out that the whole 'I had a reserve fund that protected my investors' argument was disingenuous since the reserves were only worth a fraction of the actual investments. Imagine putting $1,000 into a high risk investment and being told not to worry about the risk because if your $1,000 was stolen you'd still get $40 back.

I think I figured out what happened to about 40% of the BTC2600 known invested bitcoin by digging through the block chain. and pretty confident that the following is true. Hopefully someone will double check my claims and tell me what you think.

We have data from Og Pass-Through funds from the beginning of May, June and July. Since we're trying to figure out what happened in August, we really only need to pay attention to July since it's the most recent.

- On July 1 there were 11 individual investors with deposits ranging from BTC10 to BTC700 for a total of BTC2,638.25
- Of those 11 individuals, we have 7 bitcoin addresses:

They had a total of BTC1,140 invested as of the July 1 update (which leaves BTC1,488.25 from 4 investors still a mystery)
3 of them divested right away and their deposits, totaling BTC120, along with interest from June, were returned to their address 7/1 and 7/3
2 of them divested after July ended and their deposits, totaling BTC730, along with interest from July were returned to their address on 8/2
2 of them did not divest their deposits, totaling BTC300 and received a total of BTC27.54 from the reserve funds, which left short BTC272.46 on 9/1.

We don't know what happened to the BTC1488 that belonged to the other 4 investors, but I think we can get a more accurate number of how much money wasn't paid based on what we know about the reserve fund, and how much the 2 players that never divested were paid from it.

The reserve was at BTC65 on July 1 after building it up a little each month for the past 3 months. It's likely he added a little more in August also, so lets say the reserve was at BTC80.

If BTC300 lost received BTC27.54 from the BTC80 reserve, that means that BTC300 was just over 34% of the total that was stolen from the investors, and the total stolen would be about BTC882.

One more variable that could make the number higher is if anyone invested in August.

Depositor	Address	Invested	5/1	6/1	7/1	8/2	9/1 (reserve paid)	Net	Divested
Anonymous №1	1AYoshhS6VLYNWRNX5P6EWxUcrKLr16KLB	(100.00)	25.00	10.00	110.00	X	X	45.00	Divested on 7/1
Anonymous №2	18fDCUZ9wvcrMFfQogCHar3FE7E5tu95E2	(50.00)	2.50	5.00	5.00	5.00	4.59	(27.91)
exahash -	1KH1wM55KJe422Uun66T7RC176MLZyKbRn	(250.00)	12.5	27.5	30	27.5	22.95	(129.55)
geodude -	1MJK5LNAdqhyCEeqAnpMjckKaFr8NXtTGu	(10.00)	0.60	1.00	11.00	X	X	2.60	Divested 7/3
Anonymous №4	1mCJ9UpGPE8vok8StdobELZrW643tYFiF	(700.00)	77.00	91.00	91.00	791.00	X	350.00	Divested 8/2
Jonny Heggheim	1MRnQVysnF9t91i5UPHsApFh4vRCvBwXux	(30.00)	3.00	3.00	3.00	32.40	X	11.40	Divested 8/2
Tannke -	INTEREST ROLLOVER PLAN	(440.00)
squirrelman	INTEREST ROLLOVER PLAN	(65.00)
Uncle Scrooge	INTEREST ROLLOVER PLAN	(487.50)
CecilNiosaki	INTEREST ROLLOVER PLAN	(252.25)


Tannke -	INTEREST ROLLOVER PLAN - ADD ON	(120.00)
Uncle Scrooge	INTEREST ROLLOVER PLAN - ADD ON	(12.50)
cst - - -	INTEREST ROLLOVER PLAN	(11.00)
BitLoan	1HshtPD1bSqH4KD9czH2fiNMTJxC6Xsxtd	(10.00)			10.30			0.30	Divested 7/1
notawake	INTEREST ROLLOVER	(100.00)

	Total invested:	(2,638.25)
	Total divested before August:	840.00
	Invested in August (not returned):	300
	Unkown:	1488.25

- The columns with dates are interest payments
- Everything happened in 2012