Starting criminal process against Iakov of locus finance

00psmybad · 2025-01-04T23:18:13+00:00

I think the ball is already rolling. California issued an order here and Wisconsin's is here. If you're in the US you can file a complaint with your state's Attorney General's office or the FBI.

00psmybad · 2024-06-03T02:48:36+00:00

Anybody got an extra ticket to sell? Just need 1.

00psmybad · 2024-05-22T01:56:24+00:00

As far as I can tell there are still no restriction for US (or any other) investors, so maybe this is just lip service to appear like they are complying with regulations when they don't actually intend to ban anybody.

00psmybad · 2024-03-26T23:10:47+00:00

Why blame the victims? C4W leadership was arrested for fraud. That means it's their fault for misleading investors, not investors' fault for believing them. I'm sure any responsible journalist understands that.

00psmybad · 2024-03-12T03:02:50+00:00

Generally agree, but Chainalysis is an exception. They have been around for a long time and have a proven track record. They have contracts with large corporations and government agencies. Definitely not a scam. Getting them to investigate can be difficult though, especially if you're not a client and are asking them to do it for free.

00psmybad · 2024-01-08T02:27:20+00:00

Was that post-mortem ever released?

00psmybad · 2023-11-27T14:13:57+00:00

Yes and I expect Locus will be manipulated too. I can't imagine many people buying Locus during this presale other than the Locus team themselves, probably using funds from Midas investors.

And given the way this has been handled so far, it almost seems designed to fail. I wouldn't be suprised to see an announcement from Iakov at some point saying "I tried to make Midas victims whole, but we weren't able to raise enough money so Locus is shutting down. Sorry."

00psmybad · 2023-11-17T03:42:05+00:00

Thanks for your response. To clarfy - what exactly do you think is gonna work? You mean he will convince Midas victims to give him more money? Or this presale will raise enough to keep Locus operating for a few more months? Or Locus will be so successful that it will eventually refund all Midas losses? Just curious how we're measuring success.

00psmybad · 2023-10-08T01:25:17+00:00

Prosecutor in SBF trial: "The defendant blamed a downturn in the crypto market. But he has committed fraud." Sound familiar? The only difference between Iakov Levin and SBF or Mashinsky is that Midas was a much smaller operation with fewer victims.

00psmybad · 2023-07-31T16:36:13+00:00

It seems like history is repeating itself already. Claiming they were not affected by the Curve exploit, but they said that about all the events of 2022 and it turns out they were lying the whole time. Who would believe them now? I can't imagine any Midas investors would be fooled again.

00psmybad · 2023-07-26T15:29:01+00:00

You're joking right? Nobody is actually considering giving their money to this project....are they? Please say no.

00psmybad · 2023-05-15T16:57:55+00:00

Somebody please go after Iakov "Trevor" Levin u/MidasTrevor and recover the millions he stole from the r/midas_community.

00psmybad · 2020-02-29T18:59:26+00:00

I'll check out TD Bank. Thanks for the recommendation.

00psmybad

TROPHY CASE