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(1) Persons shall be delivered up according to the provisions of this Treaty for any of the following offences provided these offences are punishable by the laws of both Contracting Parties by a term of imprisonment exceeding one year or by death:
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14. Embezzlement.
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19. Fraud by an agent, bailee, banker, factor or trustee, by a director or officer of a company or by a promoter of a company, whether existing or not.
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(5) If extradition is requested for any offence mentioned in a preceding paragraph of this Article and that offence is punishable under the laws of both Contracting Parties by a term of imprisonment exceeding one year or by death, that offence shall be extraditable under the provisions of this Treaty whether or not the laws of both Contracting Parties would place that offence within the same category of offences made extraditable by that preceding paragraph of this Article and whether or not the laws of the requested State denominate the offence by the same terminology.

http://www.austlii.edu.au/au/legis/cth/consol_reg/esoar465/sch1.html

I'm really looking forward to how you plan to do everything you can to make your users whole, TradeFortress! There are many of us that would like to participate in that discussion.
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Quote from: TomJeff on November 13, 2013, 04:55:54 AM
TF, you have a great brand and innovative products.

Just an idea. Maybe an investor with $1 million+ dollars could turn this situation around. I'd like to see all this succeed--call me crazy but II/CL is still salvageable.

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^ This. CL was a great concept with a growing lender base, a successful track record at making BTC loans profitable for itself and its depositors. That is a fact that cannot be denied and it would be a real shame if TF did not capitalize on that fact, which is really his most valuable asset (after our BTC, of course!).

If he was smart he'd be out there working every single connection he could to find a few large investors so as to rectify the situation and then turn this crappy event into killer marketing. I can tell you personally that if I got 100% of my BTC refunded (or at least a binding promise to refund 100% of my principal in a year while still earning interest on it) and CL overhauled their security (a third-party security audit would go the distance to prove that fact to me) then I'd happily keep all my current deposit - and likely increase it by 200-300% right away.

TradeFortress, I hope you have been following the many positive and supportive suggestions in response to my post yesterday. We want to help. We recognize the value you have created, and that the comments indicate it can and should be saved.

Everyday that you ignore our thoughts is damaging to your business, and as quoted above--your individual freedom. I implore you to reach out to us, and the community as a whole and tell us what you need to make us whole. I placed hundreds of coins in a "secure" wallet. Using some kind of 'sliding scale' so that you can use large coin balances to pay small balances is not going help you in any way if this gets legal.

Please tell us how we can help you make us whole. (Yes, I expect all my coins back!!!!!)
Further ideas include:

A disclosure of CoinLenders profits, so that interest payments can be applied to losses. Note that svereal Coinlenders have indicated they will stay onboard if you will consider this.
Seeking out investor(s). Maybe too late for crowdfunding, but if you could allow yourself to give up a majority stake, I believe the businesses would grow and you as a minority owner would gain the experience that you need at this point in your otherwise brilliant young career.
Try a "Its Wonderful Life" approach. Ask us to keep our coins in, but give us a percentage now for our sanity. This would again require disclosure!!!

We get most of our coins back, but you make us shareholders. You may find that most of would leave coins in. I would. Disclosure required.[/li]
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TF, Bottom line is that you have run out of time. There was GOODWILL form us--you saw it on the posts, and did nothing to take advantage of it.
You are in a really tough bind--But you do not need to destroy this. Please write back to us. I believe we can help you.

Thank you Dumbfruit.

Sincerely
TomJeff

TomJeff

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