When was Mr. Nasty appointed a treasurer on this forum ? before or after this ponzi passthrough?
Pretty sure it was about 7 months later.
Any of his investors posted that they weren't settled yet?
No.
They received their July interest payments at the beginning of August, just like May June and July.
News broke that the ponzi was collapsing in the middle of August.
Sept 1 OG posted that pirate had defaulted and paid out the insurance fund he had put aside in case is was a scam. (total of
BTC65)
They likely just assumed that since it was well known that the ponzi had collapsed, Og hadn't received anything from pirate after August 1. He did though.
so
BTC144 -
BTC65 =
BTC79 and at that time that's not much though.
The reserve fund was established in April and used to convince more people to invest. It was increased a little every couple weeks until July, when it hit
BTC65
So that's an excess of
BTC79 unaccounted for since he paid out reserves (
BTC65) to his clients. All in all during that time, it's not a big sum hence why OG's clients didn't make any accusations against him. Reckon everyone was satisfied. Not taking any sides, just stating what i feel from this fiasco. End of the day, money is still money and Theymos won't have trusted him with the forum funds if he isn't trustworthy. My 2 cents.
I don't think the reserve funds should be considered out of pocket. They were seperate, funded by interest payments Og received from his investors deposits and announced every couple weeks when he added a bit more to them. They were clearly used to convince people to invest more and for longer. Og was not entitled to them, the investors were.
In total the 4 investors received the
BTC65 in lieu of their ~
BTC950 deposits that were stolen by either Og or Pirate.
If you think they should be deducted from the total missing though, it was ~$980. If you don't deduct them from the funds owed it's ~$1700.
There's also pretty strong evidence pocketed an additional ~
BTC950 (~$11k), but that happened before August 1 interest/withdraw payments so they are more difficult to prove.
Also worth considering - had it come out he did anything shady with the pirate passthrough, it's unikely he would've been able to convince people to loan him a bunch of money for Butterfly Labs hardware (another massive scam that had plenty of red flags), and even if they did, they would've been less likely to
accept 5,000 'nasty fan seats' (which sure look just like a ponzi scheme) that were created just to pay off the BFL loans.