Just to follow up with some additional points regarding this:

Jasin/Wifey & Cache
Some research found some posts about Jasin blasting people for using sock puppet accounts at some point in time. Then a connection was made between his wife's nickname (email addresses, social media, etc.) pretty much directly tying Jasin & said account to the Cache stuff (i.e. stuff like "just bought from the CACHE dev, later on posting blocks of Cache for sale at the newly pumped/inflated prices. Based on everything I saw, there's about 0% chance that this person was not Jasin (maybe his wife, but I tend to think it was him). So much for being against sock puppet accounts.

General FIBs
Up until about late spring/early summer the ASIC project was touted as being so far ahead of any competition due to the fact that it was something like 1.5+ years in the making... the hash rate, power consumption, etc. Up until this point, Jasin was happy to quickly answer technical questions about the product.

At the same time, he was also touting his "high frequency exchange" being virtually complete minus some fixes for "regulatory stuff" in around April/May... no proof has ever been provided that such a product exists, much less that it's in BETA state.

This is around the same point he got involved with XC and his attention clearly went to playing coin pumper to that community, which was embraced and promoted by the "team". Talks of "fund evalutions, "watch the price, big whales are going to start buying" you'll be sorry if you sell now, etc. etc." started appearing.

At some point in early Summer, Jasin promised a major update the following week or something. Then he disappeared for like a month. Finally he comes back not with any update but unveils the great coin theft debacle with his developer. I have no idea what happened, my own theory is that the developer was in a situation where he probably was owed money by Jasin and couldn't get paid and maybe out of frustration just took what he was owed and bailed... I don't know, that makes sense to me because not all coins were stolen, which would seem to be what someone would do if they were simply a crook. Now, that doesn't condone what the dude did by running off with coins, but it seems to fit things better than just someone running away with all the coins. Now if it was a open & shut "theft" Jasin is still grossly negligent as the "CEO" of a company to not only allow someone he loosely knew with access to the coins, but also to have no idea that the theft even happened when it did.

This is when things really started to unravel where he started to finally come clean about the true state of the project... at first he tried to say it was still going on and just in a round of testing... I believe later it came to light that there wasn't even a previous design and the chip was still being designed (again I point back to the initial claims of the maturity and status of the project). This alone is probably enough to prove fraud in the sense that he provided customers and investors material information he knew to be incorrect at the time.

Finally, remember he was not only involved in product sales, but was also selling profit shares in his company. Ethically, you would think you'd want to be more honest and forthright to not only customers, but investors as well. To my knowledge, he's never proposed any type of plan for recourse for those investors beyond the refunds, which have stopped coming.

(Note: These is all pretty much paraphrasing things, as i'm recalling from memory here)

How does this tie to XC? Well, both times i've seen it leak over to the XC thread the team has vigorously defended him and embraced him as part of the team (officially a member up until sometime last night it looks like). I have no idea why, maybe they believe that he brings value with #cyrptophi, his promises of interactions with "funds", etc. I don't know.

But it reflects incredibly poorly on the community and the team to not have actually read through the case, realized there was enough PROOF (preponderance of evidence anyone?) that this has spiraled to something more than just a mismanaged project and could have definitely acted to help those hurt recover something earlier, even just through putting pressure on him publicly and privately. Unfortunately, alts have devolved to such a point where it's ok for stuff like this to happen I guess.

But we get instead filibustering and name-calling (remember, i'm BRUTALLY UNETHICAL) and continued support of Jasin.

Of course this hurts XC, the last time I tried posting on the thread I got hit with the same FUD nonsense, but surprisingly there were a number of PMs asking for more info... to which I just pointed them to the LTC forum thread to judge for themselves... Not everyone who invests or follows a coin is blindly faithful.