Current Events > I never knew owner of Silk Road was victim one the of biggest scams in history

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solosnake
12/06/19 12:15:06 PM
#1:


https://www.youtube.com/watch?v=GpMP6Nh3FvU


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solosnake
12/06/19 8:51:36 PM
#2:


Why are there no photos of this james ellingson? Not even a mugshot

Seems very odd to me

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MrK3V
12/06/19 8:52:32 PM
#3:


Great video. Watched this when it got released.

Made me lol at how he fucked himself up.

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solosnake
12/06/19 9:00:26 PM
#4:


MrK3V posted...
Great video. Watched this when it got released.

Made me lol at how he fucked himself up.
It was really good, but seriously, try finding a photo of the scammer "Red and White"

I really dont believe any exist which is a little suspect to me

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MrK3V
12/06/19 9:13:42 PM
#5:


solosnake posted...
It was really good, but seriously, try finding a photo of the scammer "Red and White"

I really dont believe any exist which is a little suspect to me

Wasn't Red and White also Lucydrops and his other friend?

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solosnake
12/06/19 9:14:42 PM
#6:


MrK3V posted...
Wasn't Red and White also Lucydrops and his other friend?
yeah, apparently they were all this same dude, which is why i was curious to see a photo of him.

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MrK3V
12/06/19 9:15:05 PM
#7:


solosnake posted...
yeah, apparently they were all this same dude, which is why i was curious to see a photo of him.


ohhh, I see what you mean now.

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#8
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MrK3V
12/06/19 9:23:18 PM
#9:


M_Live posted...
Tag for being interested

it's a really good video whenever you have the time.

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BlazinBlue88
12/06/19 9:31:56 PM
#10:


M_Live posted...
Tag for being interested


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Sexypwnstar
12/07/19 1:18:32 AM
#11:


I'm only ~4 mins in, going to sleep soon, but that info has to be extremely wrong. I remember Silk Road being a thing before 2011 when I was in middle school and people were talking about it

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Cornmuffins
12/07/19 1:20:02 AM
#12:


It was pretty interesting
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Getting C's and D's, saying thanks and please.
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solosnake
12/07/19 1:35:36 AM
#13:


https://www.youtube.com/watch?v=Bp7bBFi4xks

short interview with the IRS agent who found the guy by using google searches lmfao

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SH_expert44
12/07/19 2:06:35 AM
#14:




Sexypwnstar posted...
I'm only ~4 mins in, going to sleep soon, but that info has to be extremely wrong. I remember Silk Road being a thing before 2011 when I was in middle school and people were talking about it
yeah its like thousands of years old

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TheMikh
12/09/19 12:00:40 AM
#15:


checking out the videos itt tomorrow.

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SwordMaster13X
12/09/19 12:46:27 AM
#16:


Barely Sociable videos are awesome

I highly recommend them

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#17
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Bad_Mojo
12/09/19 3:01:43 AM
#18:


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Returning_CEmen
12/09/19 3:46:19 AM
#19:


Tag
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DeadBankerDream
12/09/19 4:01:43 AM
#20:


I feel like his rights were violated in his sentencing. Not that I have an issue with him getting life, but the judge made references to crimes he hadn't been charged with when sentencing him, EI; the attempted murders. This obviously indicates she used those in consideration for what sentence he should have, even though, again, he was never charged with them. That's absurd.
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LiqiudusSnake
12/09/19 4:04:21 AM
#21:


M_Live posted...
Tag for being interested


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solosnake
12/09/19 4:51:27 AM
#22:


metallica846 posted...
One of the biggest scams in history is a bit of a stretch. It was $700k which granted would be a lot more now, but still.

I was socked that they seized 144k BTC from Ross and some guy bought them for $17 million. Those coins are worth over 1 billion today GOTTTT DAMMMN!
I was thinking more along the lines of like a big brother TV show scam, not in terms of monetary value. Where someone gets duped and had no idea it was coming

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ThePieReborn
12/09/19 6:20:08 AM
#23:


DeadBankerDream posted...
I feel like his rights were violated in his sentencing. Not that I have an issue with him getting life, but the judge made references to crimes he hadn't been charged with when sentencing him, EI; the attempted murders. This obviously indicates she used those in consideration for what sentence he should have, even though, again, he was never charged with them. That's absurd.
Related but uncharged actions are valid for sentencing to justify alterations to and deviations from the sentence provided by the Sentencing Guidelines to the extent that the deviations remain within any given statutory limitations. Said uncharged actions are subjected to a lesser standard of proof than beyond reasonable doubt.

That all said, the Guidelines would have hit him with a life sentence with just the amount of money involved.

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DeadBankerDream
12/09/19 6:23:40 AM
#24:


Fair enough. That doesn't seem reasonable to me, but it is what it is.
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ThePieReborn
12/09/19 6:30:10 AM
#25:


DeadBankerDream posted...
Fair enough. That doesn't seem reasonable to me, but it is what it is.
18 USC 3553(a)(1) cuts both ways depending on the defendant. I've been able to help my boss get folks lighter sentences based on their history and characteristics.

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fire_bolt
12/09/19 8:34:32 AM
#26:


Tag

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Please, call me Bolt
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TheMikh
12/09/19 12:56:05 PM
#27:


About 10 minutes in now, and the first thing that surprised me is that there were no safety mechanisms in place for exit scams.

With a small increase in overhead transaction cost from the BTC network, the money could have been sent to a middleman address (e.g., one managed by the platform) and only transferred when the transaction was finalized (or proof of shipment), and otherwise sent back to the customer in the event of a dispute or failure to do so. The term for this escapes me, but many ecommerce protocols and platforms provide for such, as does the financial system in general. This would not have prevented all forms of fraud, but it would have at least addressed exit-style scams.

Back to watching.

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lil_GoodOlJr_69
12/09/19 12:58:59 PM
#28:


So are hitmen even a thing? This guy got duped badly
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Number090684
12/09/19 12:59:10 PM
#29:


solosnake posted...
Why are there no photos of this james ellingson? Not even a mugshot

Seems very odd to me

Maybe because he is a a false alias multiple ringleaders are using to draw attention away from themselves?

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DeadBankerDream
12/09/19 2:42:37 PM
#30:


TheMikh posted...
About 10 minutes in now, and the first thing that surprised me is that there were no safety mechanisms in place for exit scams.

With a small increase in overhead transaction cost from the BTC network, the money could have been sent to a middleman address (e.g., one managed by the platform) and only transferred when the transaction was finalized (or proof of shipment), and otherwise sent back to the customer in the event of a dispute or failure to do so. The term for this escapes me, but many ecommerce protocols and platforms provide for such, as does the financial system in general. This would not have prevented all forms of fraud, but it would have at least addressed exit-style scams.

Back to watching.

IIRC there was such a system, but the scammer told buyers that due to size of his sale or something, I don't remember, using the system was not an option for this particular sales purchase.
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SauI_Goodman
12/09/19 2:47:19 PM
#31:


can someone give me the tldr
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eggcorn
12/09/19 2:50:02 PM
#32:


tag
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Warning: This post may contain triggering or distressing content.
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solosnake
12/09/19 7:38:58 PM
#33:


Number090684 posted...
Maybe because he is a a false alias multiple ringleaders are using to draw attention away from themselves?
I had another thought earlier. Maybe the Government recruited him.

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malenz
12/09/19 7:40:56 PM
#34:


SH_expert44 posted...
yeah its like thousands of years old
lol
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fire_bolt
12/09/19 8:05:51 PM
#35:


Finished watching it. That was very interesting actually, and the guy doing the talking has like the perfect voice to just mellow out and listen to. Thanks TC

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DeadBankerDream
12/09/19 8:06:36 PM
#36:


Side note. This is a wonderful Youtube channel. Thanks for making me aware of it, TC.
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#37
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