[cryptome] Deploying the Art & Science of Deception: Using Bitcoin for a Ponzi scheme

  • From: doug <douglasrankine2001@xxxxxxxxxxx>
  • To: cryptome@xxxxxxxxxxxxx
  • Date: Wed, 23 Sep 2015 21:22:44 +0100

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!

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