Quote from: daynomate on April 24, 2014, 11:55:58 PM

Quote from: octopus1 on April 24, 2014, 11:10:47 PM

The sad thing is, they could have made plenty of money through arbitrage, shared it fairly, and not needed to scam. They probably would have earned far more in the long run. And, if they had been running this honestly, they could withstand a run, as they claim our money was always there on exchanges. They would have had a smaller balance to work with. I think it is apparent the money is not there. Maybe they are paying us back as they earn it, maybe they are just stringing us along while bringing in new suckers. Only time will tell.

Meanwhile, I suspect we are talking 10s of thousands of dollars at a minimum are at stake. Anyone consider chipping in for some investigation and legal action? I'm pissed enough, I would much rather piss away the coin on lawyers and investigators than see them make a dime off of us.

I'd be keen to help out with any investigation.

Does anyone know much about forensic blockchain research? Just wondering what ability we have to try and track transfers for any clues. We could build up a collection of TXID's

Here's the whois on the domain
http://whois.domaintools.com/btc-arbs.net

..mentioned here:
http://www.reddit.com/r/BitcoinMarkets/comments/1zar2k/xpost_from_rbitcoin_btcarbsnet_is_a_scam_but/

https://blockchain.info/address/19aS3aRQ467JbFoAFCRaNwmMKKhDNTbAwV

...Maybe this can help you. Someone in the previous posts tracked his transactions and found this address with accumulated funds. Perhaps, others can find their investments leads to this address too...