@$username:

If he fails to back up his claims, he is commiting fraud and illegal profiteering on a mass scale.  It is unethical to mislead with false implications, it is illegal to mislead with explicitly false claims.

Edit:

@jimmothy:

I thought they had been in business longer than that ... when did Gridseeds come out?  I remember considering getting LTC miners from them a long while back, has it only been half a year?  I suppose I thought they were around when I could still use a BFL Single to mine ... I forget they are a lot more recent.

I'm starting to see more holes than I did before, but I'm also half asleep.  I'm not saying that the SEC is fast at handling things, but I can see enough of the tens of thousand customers starting civil or criminal lawsuits.