Re: History Bits from TalkGold
Originally Posted by
EdKra
I don't want to go into details about amounts and such for personal privacy reasons, but answer me this one question.
If for example the government was seizing $125k and your attorneys stated that if you take those assets to Trial, which you'd likely win, but there was a possibility you could lose and they could take even more (civil trial is only won by a preponderance of evidence, 51% chance of the assets being guilty of criminal involvement vs 99.9% of guilt in criminal trials), and that fighting in court would likely cost between $100k and $150k, while taking up to 2 years, What would you choose? ...<snip> ...
I just learned a lot I didn't know from this comprehensive article from the Daily Beast:
"In a civil asset forfeiture complaint filed last August, Homeland Security Special Agent Michael Adams wrote that the brothers were paid huge sums by online scammers engaged in illegal activities"
'There is reasonable cause,' the threshold of proof for federal asset forfeiture claims, 'to believe that the Krassensteins would have known that these funds were criminally derived,' Adams claimed. 'There is also reasonable cause to believe that... Brian and Edward Krassenstein have conspired to commit wire fraud'."
“In reality,” he wrote, “the apparent community of HYIP sites was the product of a concerted effort by the Krassensteins, designed to ensure a continuous supply of new HYIP fraud victims and the continued enrichment of Brian Krassenstein, Edward Krassenstein, and their co-conspirators.”
"The government eventually seized $450,000 from them"
"Ed Krassenstein, the brother with the larger Twitter following, built up that following as a Justin Bieber fan account, before converting it to its current, eponymous iteration. One of the brothers took to a web forum in early 2017 to offer payment in bitcoin for Twitter accounts with more than 40,000 followers"
(my bold)
SD
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"No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken
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