this is at the top of their webpage in bright red: "ALL PRECIOUS METALS ARE DELAYED WITH VARIABLE ETAs. Please contact us for stock availability!" Also everyone might want to read the updated (on 9/15/15) terms and conditions.


i did finally receive my orders, but i am still concerned with Veldt's business practices. In their reply to me they let slip some interesting facts: They do not actually have gold and silver in stock ready to ship, they are playing middleman. When you place an order with them, they then place an order with their supplier. The supplier ships the metal to veldt, then veldt sends the metal to you. The problem is that most people think that veldt has the metal in their possession when they place an order, so it doesn't make sense to them why it would take so long to ship. This also leads to some interesting questions: why are they still taking orders, when by their own admission orders will be delayed by weeks or even months? What will happen when their suppliers stop shipping orders, will veldt make good on all the orders? Why keep taking order when you aren't sure if/when they will ship? They say they aren't going the way of coinabul, but the situation says otherwise.


For those who don't know the Precious Metals market is 1 big game of musical chairs, and the music is running out.

the last few weeks, shipping has slowed dramatically. Orders used to ship within 3-5 days of ordering, but now it's taking 7-14 days to ship. This isn't a good sign. I don't know why things are going the way they are with them, but I still have a bad taste in my mouth from getting fucked by Coinabul and don't want to see Veldt become another Coinabul. It would go a long way to ease the tension if Veldt would post something in this thread explaining themselves. it's at the point where i don't want to place another order until i receive my currently pending orders.     

Posting "Jay Shore's" info does really do anything for me. I'm not in the business of violence so I'm not sure what you think I should/would do with the info. I have since been contacted by a "Nolan" at coinabul, who said there was no way I am getting the BTC back but if I would send them the info they wanted, they would ship my gold. I have found myself in need of the money so I gave in and sent them the info(almost 5 weeks ago) and have yet to get what I ordered. At this ponit I know it's a long shot but at least I can still warn people about doing business with them.

Seems like a plan, If anyone can help in the return of my BTC I will offer a reward of 41.96 BTC. The "Help" must result in the return of my BTC to claim the reward. Happy Hunting

If you have a workable solution to getting my BTC back I'm all ears. I sent coinabul an offer that I would submit the AML info they wanted, but only after the btc was transferred to a 3rd party escrow service of my choosing. I don't think they were interested in my offer, so I'm still fucked. 

still no BTC or Gold, FUCK COINABUL!

adding insult to injury, btc is now 6x what it was worth when Coinabul stole my 241.96 btc.

I can say for a fact going to the feds would result in my imminent demise. I'm not a terrorist or African warlord, but I don't live my life according to their laws. As a result I can't seek out help from authority's in most matters. Coinabul is using this to their advantage. All I can do is publicly shame them and prevent other people from being ripped off. If you have also be ripped off and can go to the feds please do, but for me that's just not an option.


In the event someone from Coinabul reads this thread:

Dear Coinabul,

I would like to cancel my pending orders and demand the return of my 241.96 btc (now worth 4x what it was worth in June).

Sincerely,

- Dirty Randy

If they weren't corrupt scammers your idea might work, I have already asked to cancel the orders and get my btc back, but they aren't answering emails. Your right they can't force me to do business with them, but they can/will continue to ignore me leaving me without options for recourse.

as stated in a previous post, the info requested is:

Please provide each of the following to aml@coinabul.com:

Legal Name

Social security number / Tax Identification Number

Copy of identification documents as outlined in “Business Accepted Photo ID” section

BUSINESS ACCEPTED PHOTO ID

Driver’s License (state or territory)

Passport

Temporary Resident Card (US Dept. of Justice)

US Military Card
Native American Tribal ID

My orders were always way less 10,000, and there for not subject to additional verification. Ordering several times from them, is not illegal and barely meets the definition of suspicious. They shipped out orders (not mine) last week without requiring Verification, so why ask for my info.

My problem is that even if I give them the info requested, there is no guarantee they will actually send me what I'm owed. At this point I think it's more likely the info will be used to steal my identity or worse. 

before Coinabul stopped shipping orders (around may-june 2013) I had received all of my orders (more than 10, less than 100) without any complaints (other than 2-3 week ship times). Now they are basically holding my remaining 4 orders hostage, wanting more info. I shouldn't have to provide info for orders I already placed 4 months ago. They still won't answer emails, it's a 1 sided conversation at this point. They want me to give up info and I hope they send me my gold and silver. Then there is the issue of the difference in the price of btc from when I ordered till now. The price of btc has doubled from the time I ordered, at this point I would rather have the BTC back. Since they are SCAMMERS I don't except anything from them.   

This is my testament against coinabul, They are lairs, and thieves. Stay far away from them, don't risk it.

I have a small update about my situation, I received this email from AML@coinabul.com today:
----------------------------------------------------------------------------------------------------------------------------------
Hello,

We appreciate your business as a valued customer of Coinabul.com. In order to help combat money laundering and other illegal activity, we must request some documentation from you in order to process your shipments. Please note that after this documentation is provided, we will keep this information on file in order to process your future orders expediently. We will not share your information, and if you request we will procure sensitive information verbally where possible in order to protect your privacy via electronic transmissions.

Thank you for your understanding, and we look forward to answering any questions you have.

Please provide each of the following to aml@coinabul.com:

Legal Name

Social security number / Tax Identification Number

Copy of identification documents as outlined in “Business Accepted Photo ID” section

BUSINESS ACCEPTED PHOTO ID

Driver’s License (state or territory)

Passport

Temporary Resident Card (US Dept. of Justice)

US Military Card
Native American Tribal ID

------------------------------------------------------------------------------------------------------------------------


My problem is that how can I trust a company with my SS# and ID, that has repeatably proven it can't be trusted. Given Coinabul's (Jay Shore) reputation I think this might be "Jay" branching out in Identity theft. I really need what I'm owed, but I don't trust coinabul with my info, any suggestions?

just to give some background I also was a happy customer for over a year, then around June "Jay" starting sending out emails like this:

My sincerest apologies for the unforeseen circumstances leading to the delay in processing your order. Unfortunately, we are dealing with a major situation involving the banking industry in the USA - as a whole, the bankers have decided that any Bitcoin-related companies and individuals are no longer allowed to retain accounts with any financial institutions. This means that we are experiencing severe issues with elements of operations such as paying FedEx for postage, et cetera. While all of our staff are actively working to resolve the situation as quickly as possible, this means that our full attentions have been dedicated to restructuring elements of our internal operations in order to establish a long term solution.

I appreciate your patience, and we will be shipping throughout the weekend to catch up on the backlog, so you should see a few shipping notifications within the next day or two.

Thanks again,
Jay

And This:

We've been shipping as much as we can, but as I mentioned in my previous email we are currently facing extreme adversity within the financial sector that requires my full-time attention to resolve. You've ordered enough from my company to know that I've got the best intentions of all of my clients, and Bitcoiners as a whole, at heart and that I'm doing everything in my power to get as many orders pushed out as quickly as I can no matter what unforeseen circumstances come up. I'm nearing completion of a significant restructuring with long-term amelioration in mind, and I do appreciate yours and everyones' patience during this unexpected banking-hell; we'll soon be moving faster than ever before.

In the mean time, for an idea of the kind of situation I'm facing, I'm already passing $20k out of my own pocket in legal expenses fighting the banks over the last month - sounds lovely, right? That just goes to show the kind of dedication I have to my clients which I don't generally talk about which really goes unappreciated.

Anyway, you'll get a bunch of tracking information ASAP, and thanks again for being patient with the current delays,
Jay

And This:

My sincerest apologies again for these unforeseen circumstances. The queue is cut down substantially since we had significant inventory on hand during this period and were able to send everything in our vaults already. I'm going to try to get everyone taken care of within the next 10 business days ideally, although it may be shorter or longer depending on the extenuating circumstances.

Thank you for your patience, I really appreciate it!
-Jay

And This:

We'll be doing our next shipping day hopefully at the end of this week. Our banking issues are nearly resolved, we're just waiting for our last couple of bank accounts to be finalized and we'll be flowing again. Thanks for your patience, I really appreciate it - the industry-wide prosecution of Bitcoin companies and individuals by bankers is a difficult thing to overcome, but we're nearly done forming a permanent resolution. This will allow us to continue to provide a way for Bitcoiners to securely cash out without dealing with the less-than-friendly banking industry, which should prove invaluable as the banking/exchange situation will likely become more problematic for the public at large in the future.

Thanks again for your understanding, much appreciated!
-Jay

And This:

We're aiming for end-of-week this week. Thanks for your patience, I wish there was more I could do to expedite the process but the banking industry is proving extremely difficult to work with right now.

-Jay

And This was the last email I got from "Jay" on 9/12/13

Hi,

We have a shipping day as soon as tomorrow, but things will definitely start moving again any time in the next few business days. My apologies again for the delay, our hands have really been tied in this situation with no recourse whatsoever.

-Jay


Despite all the promises I am still owed 10+ oz gold and 100+ oz silver, and until I get what I paid for I will continue to call them what they are SCAMMERS!

I'm using http://www.amagimetals.com/ now. They ship within 2-3 days and I have it in hand in another 3-4 days, an average on 7 days from ordering to receiving.

I want to make this absolutely clear Coinabul is a selective scam, they keep about 75% of their customers happy and rip off the other 25%. I personally know 3 people who coinabul owes more than 10 oz of gold to. There is no need to risk your btc on coinabul when there are other reputable company's out there.


@Coinabul - In the off chance your seeing this, do the right thing and send me what I'm owed.


ps - those people getting shipments this week from coinabul, are only getting a faction of what they are owed. Don't think because they are shipping a few orders, trying to lure buyers back to them, that it's safe to order from Coinabul. Until they have settled ever outstanding order, I will continue to call them what they are SCAMMERS.

Still nothing, 4 months and counting.....Fuck Coinabul

Order #100000XXX (placed on June 18, 2013 6:29:07 PM PDT)
Order #100000XXX (placed on June 20, 2013 12:21:01 PM PDT)
Order #100000XXX (placed on June 20, 2013 6:02:07 PM PDT)
ORDER #200000XXX (PLACED ON JUNE 28, 2013 11:17:36 AM PDT)


It's been 4 months, and they quit responding to emails 10 weeks ago, so I'm not holding my breath. I had accepted the loss until Friday when I heard about select people getting shipping notices, now my rage has been rekindled and I want satisfaction  



@Magazine - you don't know me or my life. I can say without a doubt that if I get the cops involved I would be the one going to jail not "Jay Shore aka Coinabul". BTC may not be Illegal, but who many people are claiming the money from btc on there taxes. How many people here can say without a doubt that they isn't something in there life that the cops could fuck with them about. I don't need FEDS in my business, so move past telling me to call the cops. Cops don't help they hurt.

FUCK COINABUL and FUCK THE COPS

I have considered many options, no of which are doable. Since it's interstate commerce I would have to file a complaint with the FBI, and it's more likely that the feds would be up my ass about the my btc instead of trying to track down and prosecute Jay Shore aka Coinabul. I considered hiring a few hackers to track him down and I could take satisfaction from him in person, but that would likely end up with me in jail and still no gold or btc. The only option that doesn't end with me in jail, is for me to publicly shame Coinabul and warn others to avoid Coinabul like the plague.

For a month or so after placing my orders, I would get emails from "JAY" saying they should be shipping soon but nothing ever got shipped. Coinabul isn't answering emails or phone calls. Posting here is a last resort. If nothing else I will serve as a warning to others to stay far away from coinabul as possible.

Up to that point I had received all my orders within a month of ordering, and I normally would place 3-4 orders spaced a few days apart. I had almost come to terms with the loss, until I heard about people getting shipping notices Friday.

Coinabul owes me for 4 orders dating back to june 2013, totaling 241.96btc. I had just begun to comes to terms with never seeing my gold or btc again, until I get a call from a friend who said he got an email Friday saying some of his orders had shipped. I'm seeing on here that a few other people also got emails Friday saying their orders were shipping. I didn't get any email, so I'm still fucked. Lesson is research who you do business with before risking your BTC.

ps - FUCK YOU COINABUL.