The company gives him no more protection be it trading or liquidated. As CEO he may have no personal liability for company losses. As a scammer he has full personal liability for all losses.

He is silent now because that is his final move of this scam. He has actually been instructed by the MSD to inform and comply with shareholders contacts and requests for reimbursement - the MSD state that shareholders should contact the company via the forum. So he is not under any order to remain silent.

If Ken has now disappeared I guess that means he is in the process of liquidating the company? I tried to find out if he would need to make a notification about that to Missouri State but he's registered this company in Belize (unlike his previous company's).

So will he need to notify the Companies register in Belize?

Yep and you get deleted. He's scum and he's pissing over everyone who's been ripped off here.

As you say he has NOTHING factual to base his 'Buy more shares we are heading to the Moon' shit. His lover-man Ken has fucked-off never to be seen again - but Zum will still be here in 2 months saying 'Just give it 2 more months  '. Sickening.

He could well be getting paid by Ken, or got free cards off him. Or he's lost everything, but unlike DTS who has also lost everything, zumzero has no dignity or morality or conscience left. For his backing of Ken and attempts to get even more people ripped off here he should be punished. At the very least he's pumping this dead stock to sell his holdings to newbies/dreamers. Which is just as scammy as what Ken is doing.

What about a 10+

If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich.

So a 10+ would be todays millionaire with btc over 100k.

No upfront fees are required with firms like Wood Law for class-action suits. They take a cut of the court ordered compensation so this will cost us nothing but a bit of time.


edit----

Lorenzo has made some progress with the MSD. We should give them time to get back with more details about the reimbursement amount before proceeding with the courts. See main thread and get in touch by phone or email with the MSD.

Can't see why you are bothered. We are going to go ahead. Thanks for the advice but again I don't see why you would bother trying to put us off.

There is nothing embarrassing to Bitcoin here it's will be good for Bitcoin if people are warned about these scams. What would be bad is more and more and more of these scams being allowed to happen until one day the Press realise Bitcoin is infested with criminals. We should be cutting this cancer out of Bitcoin startups everywhere it occurs.

Our countries are rightly very close when it comes to tackling crime. Taking down people just like Ken 6 years ago:

In a statement released by the US Immigration and Customs Enforcement (ICE) agency, he added: "Thousands of British people have fallen victim to this crime - in this inquiry alone, we estimate that around 15,000 mostly elderly people have lost money."

He said the arrests demonstrated the power of international collaboration to bring to justice those suspected of crimes, even if based overseas.
http://news.bbc.co.uk/1/hi/world/americas/7295536.stm


In addition, the assets do not need to be in Ken's name to be confiscated as the proceeds of crime. Look at the section called 'Burden of Proof'. The US government when procecuting only need to make the case that assets are likely criminal proceeds.
http://www.fbi.gov/about-us/investigate/white_collar/asset-forfeiture

If this isn't the same in a civil case we may need to lobby the State of MO to prosecute Ken. In that case we may or may not get a share of these proceeds. At the very least Ken will loose everything.

Once they start paying tax on these coins Governments around the world are going to become more accepting of digital currency.

An MO attorney will do the best job here. All of Ken's assets are likely in MO.

Just because you invest in BTC doesn't mean you forfeit your legal rights - as the MSD stated in their ruling, hence the reimbursement.

Great news. Lets say Bitcoin in a year from now represents 10% of ebay sales - that would be about 1.6Billion dollars of BTC going through paypal each year.

The demand for BTC to use as a currency on ebay could push the price up to double what it is today?

If there is then broader acceptance with the real-world stores taking btc on their online sites then we could see 5-10k per coin in a year from now?

I agree. Unfortunately it would do more harm than good to push Bitcoin in Afghan right now. The government is in talks with the Taliban who may soon be power-sharing.

Sub Saharan Africa and small independent States are better options if you are trying to encourage Bitcoin use as a major part of a country's economy.

Personally I've never raged about oppressive governments either. However it is the responsibility of every citizen to constantly rage against their government. That's because the organization and control of human society by non/representative governments has directly caused the deaths of Millions of people over the last century. Raging doesn't mean you object to the the safety that organised society brings, you might just be aware that Government needs to be constantly kept in check because of the harm just a few men in power can do to the World.

Do you really think prancing around like Mussolini can work anymore?! Even with an already established power-base it's not really going to reel in followers these days. Well maybe in some parts of E Europe.

Fair enough, I too believe scamers (and blackmailers) all belong in prison. If you do too stop being dismissive about our plans for a court case against a scamer. Apologies you just questioned the amounts.

What are you thoughts on setting up a fund for the case? Perhaps Woodlaw will proceed for free.

Sure it might not be 6Mill but he didn't do this for $20. He's got a Mill or two atleast stashed away. Then he has his personal assets which could be around another Mill.

I can understand you and Crumbs/lambchop/Mirceau not wanting Ken to face justice because being scammers at heart yourselves you actually think he should get away with it. But you have a bunch of pissed off, literate and active investors here. This court case is going to happen.

^^^^^^^^^^^^^^^^
You may not like living in a regulated society but when you are in trouble and you need them (much like the A-Team) the authorities will come to your aide and if you have been wronged you have a chance of seeing justice.

To say this is a waste of time a few days after seeing a State AG rule against a bitcoin security is like a bit silly.





Yes and it's something either a scamer or criminal would come up with.

I love the sound of this to be honest with you DTS. The thing is Ken hasn't just run the business amateurishly, he has intentionally run it into the ground because he never needed it to work. Once he got the 6Mill in pre-orders I think he decided he'd won and that was it - the biggest success of his life. I think he decided it was such a big haul that he would keep just 4Mill and spend the rest making the company look legitimate. So he refunded 1.5Mill-ish and spent 500k on the datacentre/cards. That is a clever ploy. Smart.

He has done this before, that is the main reason why I think the above and also the main reason why he needs stopped from being able to do this again. For that he needs a ruling saying he can never operate a company again. For that to occur we need to take him to court.

So long as everyone has their BitFunder log from day 1 until it closed plus their tender log into CrytoTrade we can prove how much money we lost over that time. Even if you have had to sell you shares at a massive loss as many have you can still prove how much your investment devalued due to Ken's criminal activity and you will get a share of his assets (and his families assests).

Do you think WoodLaw are the best people to go with as they already understand the case?

Also DTS remember the pre-order guys will want involved. There is no point in running two cases simultaneously (sharehoders and pre-order customers) as the legal fee could reduce our compensation pot. So lets get a thread started for everyone where they can list their estimated losses and confirm they will be contacting Woodlaw (or whoever we go with).

That final address with 344 coins in it has been active since August 2012. Interesting.

And 20btc were paid out from it to this address in Sep 2012

1BwTyPornN2TLrSk5SFVSyouM5QqCHGDGb

 


Taint analysis (I don't know what I'm doing) says 12% of incomings to the address came from mining Pool 'DeepBit'
https://deepbit.net/

Ken says he was an early miner and the DeepBit coins were there from the start so this could well be Kens wallet. It could also be someone he paid? Can anyone else find out more?


Payment have been made from it to Nasty Fans, Bitcoinmalaysia, enmaku, Mysil2 and ASICMiner, plus hundreds of other addresses.

Ken can no longer pay divs on these unregistered Securities - banned by the MSD ruling.

If Ken registered the Securities only people with a high net worth of around 2MILL USD can receive divs = no-one.

IF Ken went to Coloured Coins for divs the MSD will rule (just as they did with these virtual shares on a virtual exchange bought for virtual money) that the CC are also Securities and divs are divs and Ken would go to prison for a breech of the MSD ruling.

Therfore Ken can never ever issue another div. Not even one.

This reply just got deleted!! Why is anyones guess.



If you don't agree with someone you don't need to get abusive do you? What's the point?

There are no 'facts' available so you, me or anyoneelse needs to use the 'best guess'. These are simply my best guesses, you tell me how to improve them.

For example, according to KEN he made 6Mill in pre-orders. I am saying just 3Mill remain to be paid back but according to KEN he has repaid only about 1.5Mill (if I remember correctly) so my 'best guess' has actually  been revised DOWN by 1.5Mill.

Have you a better figure for how much we owe. Or a factual one even? If you want we can use KEN's own implied figure of 4.5Mill USD?