Quote from: jimmothy on March 19, 2014, 11:48:04 AM

Quote from: Choroid Plexus on March 19, 2014, 10:22:59 AM

Quote from: bitcoin.newsfeed on March 19, 2014, 10:10:25 AM

maybe its because *speculation here* SatoshiDice was acquired and used for mass money laundering scheme for some big guys, which are under investigation, evoorhees is under investigation thanks to that too ... i didn't see any advertisement or something about SatoshiDice after the change of ownership... its like > anonymous flow of money into casino = anonymous flow of money into bitcoin securities, because of that I was asking here few months ago, what is the legal declaration of neobee shares and if its everything legal... of course i didn't get an answer from competent people, what exactly are shareholders holding.

EDIT : reading that emails ... MPOE nailed it

Yeah, he fucking nailed it alright.

As to what SEC is really after here, I been thinking about that too.

Perhaps as you suggest there's some money-laundering tie-in here with bitcoins flowing through Satoshi Dice. That seems reasonably plausible, but then again seems like there'd be better ways of mixing coins that don't leave taint.

It also occurred to me, especially with the focus on SDice, that they might be more concerned with the gambling aspect than they are with the fact that there's securities out there not under their dominion.

But either of these reasons was the case, why would SEC be taking the lead on this, as opposed to some other three-letter-agency? Money laundering and online gambling seem to be outside SEC's bailiwick... not that US federal agencies aren't a confusing jumbled stampede of jackals.

It's pretty obvious why mpex/satoshi dice is being investigated by the SEC.

It involves trading illegal unregistered securities on an unregistered exchange.

An exchange which is set up to be a pyramid schemes by earning 10btc per person you recruit to pay 30btc registration fees.

That is all in addition to being a ponzi where the only stock traded on mpex is their own and all profits are derived from new investors.

I am not sure how people are congratulating him for that excuse of a defense. Clearly underestimating the power/reaches of the SEC.

What do all this have to do with NEOBEE?
I mean, did I miss something important?

SK