http://ia601803.us.archive.org/33/items/gov.uscourts.ksd.97083/gov.uscourts.ksd.97083.73.19.pdf

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BF Labs did not maintain records on the date each refund was requested or whether the refund was made in cash or bitcoin. To go back and attempt to create a spreadsheet on the date each refund was requested, for instance, is unrealistic. To the extent it is even possible, it would result in an untold number of hours to try to identify the specific information.

Well, that tosses AML/KYC and proper IRS filing out the window. Shocked

Speaking of AML/KYC...

Quote from: Inaba on June 09, 2012, 01:47:24 PM

Quote from: hazek on June 09, 2012, 10:38:55 AM

Quote from: CryptoCoinMedia on June 09, 2012, 08:34:51 AM

Mt Gox needs to use a third party for AML/KYC rather than do it themselves. There is too much incentive for them to simply claim documents are fake and block account holders because there is no transparency at all .

Its like putting the banks in charge of their own regulations through the SEC which caused the GFC !

MtGox doesn't need to do anything because it's regulated by it's customers (i.e. the free market). Just watch how fast they'll fall if they are stupid enough to start operating in bad faith.

They already are operating in bad faith. They are not informing their customers that they do not have the fiat funds to cover withdrawals over a few thousand dollars. There are a number of us at the moment with $10,000+ withdrawals being held indefinitely without any explanation, but if we make smaller withdrawals those go through. In my case, I've had zero problems with withdrawals in the past and I have been a verified member for quite some time. Haven't changed any account information, etc...

For some reason, something about a proverbial goose comes to mind. For those who love cooked goose...

Quote from: Inaba on June 08, 2012, 12:44:14 PM

Thanks for the post MTGox_Dylan. I think most everyone was already aware of these FAQ points, though. That has never really been the issue, so I'm not sure what is hoped to have been accomplished by making this post, other than as a distracting measure (This would have been perhaps more effective: NSFW).

The real problem here is, as has already been at least partially mentioned:

1. The lack of transparency in the process.
2. The lack of communication.
3. The lies and false promises made by MTGox Support Staff with regards to AML/KYC.
4. Delay after delay, ostensibly under the guise of AML.
5. The just plain ludicrous decisions (Goat as an example). Perhaps transparency would clear these up.
6. The fact that most decisions made by MTGox seem completely arbitrary, and nothing... NOTHING pisses off customers more than arbitrary decision making. When your actions are not predictable in a given situation, you are wrong. Period.

So while this post is nice and all, I'm not sure what you're hoping to accomplish other than to distract from the real issues surrounding MTGox. My situation, that has been on going since April, is still unresolved. I am not the only one in this situation and there are plenty of others in similar situations.

Again, this does not seem to be an AML issue, it seems to be an insolvency issue. MTGox is unable to fund even moderate sized fiat conversions, which leads many of us to believe you guys are basically bankrupt and a disaster waiting to happen. The fact that no one has publicly denied this (not that we'd believe you at this point anyway, given MTGox track record of lies and falsehoods) certainly does not bolster confidence in MTGox at all.

Maybe this is the wrong thread to bring any of this up, but I don't want people to be distracted by this kind of thread from the real issue of MTGox being unable to meet their obligations to even moderate sized customers, especially when you are trying to gain new customers who will end up completely screwed when the Gox house of cards comes crashing down.