This case is about how to remain anonymous from being caught out or
found out, by the state or other investors. It describes graphically
how the scheme was set up, marketed and advertised, and the methods used
for the transactions of the business. A nice easy way of earning 1% per
day on ones investments, with almost zero risk... :-). And no one will
get to know about ones "secret" and anonymous earnings. A very
enlightened description too by the FBI agent for the judges benefit on
what Bitcoin is and how it is used to adminster a Ponzi or any other
scheme, legal or illegal.
Needless to say, Mt Gox went inconveniently bankrupt during this time
and the ability of the pirate to to repay any money, if there was ever
any intention, was fore shortoned more quickly then expected. (to use an
investment traders term... :-).) The trouble with dishonest people and
organisations, is that they are so dishonest, there is just no
solidarity amongst them, and no concepts of fairness and justice.
See url: https://cryptome.org/2015/09/shavers-001-012-027.pdf
for a full expose of the methods used to con people out of their money.
The pirate eventually pleaded guilty after being presented with the
evidences of the felonies of his activities. He even bet with one of
his "victims" that he wasn't administering a Ponzi scheme...and lost the
bet!
Enjoy,
ATB
Dougie.
