Quote from: Bananery on September 09, 2014, 10:03:01 PM

When people gave you bitcoins they didn't have any kind of written agreement with you. Legally they can't demand anything from you. You know this very well.

You didn't have any written agreement with Graet either. His forums posts mean nothing, so you can't do anything. Graet might pay other creditors a little bit, probably very little only because he doesn't want to lose his face completely. But you're a scammer, so you're last on his list.

I believe the contract on BitFunder qualifies as a legally enforceable contract. For your information, written agreements are not needed. Oral contracts are legally enforceable.

Quote from: Bananery on September 09, 2014, 09:43:42 PM

Quote from: $username on September 08, 2014, 11:48:19 PM

As this is a personal debt, I'm very sure that you will receive adequate compensation if you take legal action.

What's his address to serve a statement of claims?

According to my sources no one will ever receive any adequate compensation.

Graet is almost broke. His promises are just words.

9 month ago he said he would repay bulk of the loan by mid 2014. Now he promised 20BTC to all of us [1], which is pathetic. By the way, he still didn't pay those 20BTC. 20BTC is 1% of 2000BTC. According to my sources Graet bought back about 7000 of his shares, which is 70BTC. So he still owes 1930BTC.

I know how much his "btc businesses" make. It's very little. If you sue him, you get almost nothing after all legal fees. [2]

Write this off, he is really a degenerate just like Justin00 says.

[1]: Without prejudice, 20 BTC is about $10,000 AUD which is the monetary ceiling of minor claims in WA magistrates courts. Wink

[2]: The filing fee in the magistrates court for claim not exceeding $10,000 AUD is $79 AUD. While there are further fees, including traveling costs for me, they will still make it worthy to pursue the claim. I'd like to visit Perth too Wink

[3]: It seems that you're unhappy with others pursuing legal action because you are worried that Graeme Tee will stop paying to investors who are unwilling to pursue legal action, and only settle with those who take the legal avenue. Sorry that you're unwilling to excise your possible avenues of debt recovery.

You're not going to convince me on anything - you are not a party to my dispute. I have not made any formal "requests and demands" yet.

Anyways, if anyone is in Australia and has outstanding Graet debt and is interested in pursuing small/minor claims legal action, send me an email.