Quote from: Vod on March 27, 2020, 02:08:10 AM

Quote from: TwitchySeal on March 27, 2020, 01:37:21 AM

It doesn't matter whether or not you set aside any money, or if you told them there was a risk. You were running a ponzi. Period.

No one doubts it was a ponzi. My issue is how he planned the shut down with Pirate.

He created a small reserve fund, while continuing to put most of the coin in his pocket.
He unilaterally changed the contract to say the reserve fun would be paid out if Pirate went default.
Pirate defaulted, sent OG his coin back, which OG kept to pay out the reserve fund as promised.
OG claims Pirate kept the coins, people view the reserve fund as a great idea, rather than the scam it was.
OG claims he was investigated and cleared to stop people from investigating further

1) OG cannot change the contract without the other person's approval. Any person OG enforced this contract on has a right to sue him for the balance.
2) The blockchain proof Twitchy provided proves where the coins went. OG would be forced to settle.
3) Twitchy, I think we need to get as much info as possible and try and create a list of the people OG owes coins to and the amount. I'm sure these people could use the support right now while OG lounges in his pool.

I don't see anything ever actually coming of this from any court.

It wasn't worth enough money at the time for the SEC to care, and the 5 year statute of limitations was up long ago. I've only heard back from one investor, they don't remember exact numbers and records are buried but he lost thousands in multiple pass troughs. Some like ognastys and some glbse pass-throughs. I imagine most have a similiar story.

Lots of people were willing to throw tons of money into obvious ponzi schemes and Og decided to take advantage of them. They all got fucked every which way and og got away with his little slice quietly, I think all we can do is put the evidence out there and let people decide for themselves.