Post
Topic
Board Securities
Re: [BitFunder] Ukyo.Loan - Paying 0.05% daily.
by
mgio
on 10/03/2014, 20:53:26 UTC
guys, i need ukyo's company registration paper ...because I am going to find a lawyer to get back our BTC back. if anyone knows ,please share it with me ,thanks !!!

Or by costing him legal fees you will ruin us all.

How long do you plan to wait before you would consider that your money has been stolen. It has been about 3  months. So what then, wait another 3 months? 6? A year even?Would you even then, after a year, start to suspect your money was stolen? All the indicators point to this being the case, good luck with Jon coming back in the future and returning your money  Undecided

It's a tough choice. He claims he has the money invested in new business ventures and that those investments should eventually return a profit allowing him to pay back the loan. Unfortunately he won't tell us what these ventures are or what their status is.

Since he has owned or ran several businesses in his life, he likely has some assets. If you sue him and he declares bankruptcy as a result, you won't get his house. The courts will likely let him keep that. But you may get something. After the lawyers take their giant share though. Before you do that, you should get a good idea of what his assets are.

I think I am still ukyo's biggest creditor, and I'm one of many. Ukyo's total liabilities are estimated at $2-$3 million between ukyo.loan and bitfunder. I'm getting a bit frustrated too. The well over hundred thousand that ukyo owes me would definitely make it worth my time to get the best lawyer I could find if I decide to go that route. Whatever you do, make sure you've thought it out very clearly first. You might end up costing yourself more money that you get out of it.
Do you want to join me with this ?the total liabilities from u and me  is around 40k USD, and the legal cost for two of us should be the same as only one .  it is worth to give a try, I think stay and waiting here would be useless.  what you think?

I would, but I haven't decided definitely to go that route yet. I sent a message to ukyo a few days ago and I'm going to give him a chance to respond first.
Dear Mgio:
I would give him more time thought, the cost and time I spend to Dallas isn't cheap , but Ukyo never reply My message, I do not know about u ?did he reply to u ?

The last I heard from him was at the end of January. That was before the MtGox collapse. If his new business venture was taking over business for MtGox in the US, then that is all lost now. In that case, the only thing left to do would be to contact our lawyers and force him to liquidate his remaining assets to pay off the loan. There is a possibility that his business ventures were not tied to MtGox, but until I hear from him otherwise, I'm going to assume that that isn't the case. I messaged him about two weeks ago and I haven't heard anything back yet. I'll give him another week or two. I'm sure he is really busy but he should at least be able to spend the time keeping in contact with his creditors. The total value of ukyo.loan is still well over a million dollars.