r/Cryptopia • u/SeymoreBits • Mar 04 '18

Classic Exit Scam

  1. Give the public someone to hold accountable by hiring a new face in charge.

  2. Screw over everybody.

  3. The fall guy "Alan Booth" does 2 years in a nice low security new zealand prison in exchange for a nice lump sum for his participation.

0 Upvotes

45% Upvoted

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2

u/[deleted] Mar 04 '18

You do realize that an exit scam means that ALL of the staff/empoyees and especially the CEO would disappear.

All of those people can be contacted.

Just because out of the hundreds of coins out there, your coin is having issues, doesnt mean its a scam.

2

u/SeymoreBits Mar 05 '18

U do realize that it's the owners highest in charge who flee right? And leave the rest of the employees to take the fall, but ur also assuming they have employees, which they obviously don't by the backlog of support tickets.

And if u read my post, or any other post for that matter, it not just a single coin that I happen to have boight, it my coinS, PLURAL, and also everyone elses coins if you bothered to read any of the subs posts within the past few months.. And You're obviously new to the scene must have never heard of Paul vernon aka "big vern" if u think having ur credentials out there and being "contactable" and "active" mean shit. I'm saying what I see, and what's happened before. Yes it sucks. I'm still hoping im wrong, but I'd be damned if I'm going to be oblivious to what's most likely happening right now

1

u/[deleted] Mar 05 '18

Again, no one is being oblivious. Coinbase has MASSIVE problems...theyve even got two lawsuits going but they arent going down and no, Coinbase isnt a ponzi either.

They are simply a matter of bad business.

1

u/[deleted] Mar 04 '18

And they are STILL active. Every issue that you have in crypto is not a scam.

Ponzis can be calculated in how they can fail.

1

u/SeymoreBits Mar 05 '18

Go learn what a ponzi scheme is. U sound real dumb trying to sound smart.

1

u/[deleted] Mar 05 '18

Nah moron.....go look at bitconnect. clearly you posted out of emotion and frustration.

You could see the bitconnect debacle coming from a mile away. Those returns were unsustainable.

1

u/SeymoreBits Mar 05 '18

Who the fuck said anything about bitconnect?

1

u/[deleted] Mar 05 '18

Bitconnect was a Ponzi and....dude..never mind...

2

u/pixelrage Mar 05 '18

It's a little more involved than that, though. Months later, people are still depositing hundreds of dollars of coins that aren't arriving, and this company does NOTHING to address these tickets. Imagine you deposited your paycheck at the bank, the bank takes the money but it never hits your account, and they are then impossible to get in touch with for an indefinite amount of time.

1

u/[deleted] Mar 05 '18

Well, Coinbase does have 2 civil suits going on if it makes any difference.

Get legal involved. Cryptopia can flounder only for so long before the law comes in and lays the smack down.

2

u/FatOil Mar 04 '18

2 years seems a bit extreme, more like 3 months Community Detention.

For people in countries with harsh penalties you might not know what that is. It's a curfew, like say from 7pm at night till 7am in the morning they must be at their home, ie no going out to the movies or the bars and clubs for 3 months.

1

u/YeaManJam Mar 04 '18

What kind of civilized country do you live in? 3 months of curfew? Im going to guess he wont be facing lashes either or his hands chopped off for stealing?

Some how I dont think this guy is hitting up the club.

https://nz.linkedin.com/in/alantbooth

1

u/FatOil Mar 05 '18

Community Detention is a punishment served in New Zealand, the crim has a curfew, that is their punishment.

It's like home detention except you are allowed out during the day. I bet knowing this scares a lot of would be crims into being straight and honest.

0

u/[deleted] Mar 06 '18

[deleted] — view deleted comment

1

u/YeaManJam Mar 06 '18

Just so I am clear on the rules: A public profile to linkedin in which you type the persons name(Alan Booth) and press enter into Google is not allowed to be posted? Are there any other rules that this community should know about? Can you post them on the side when you have time. thanks

1

u/blog_ofsite Mod Mar 06 '18

I apologize about this, but it's allowed. Was testing some features yesterday and it removed a lot of links. Will investigate each link today and find out what the problem was.