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Thread: Virginia Beach "Bitcoin Mining" Company Declares Bankruptcy

  1. #1
    Join Date
    Jun 2011
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    Virginia Beach "Bitcoin Mining" Company Declares Bankruptcy

    .
    According to the Chapter 11 bankruptcy documents, Bcause LLC owes nearly $1.5 million to Dominion Energy, more than $950,000 to Norfolk-based Professional Heating and Cooling, and more than $330,000 to Pro Window, Inc. in Virginia Beach.

    Oh yeah ... plus this one folded up with investor funds and $500,000 of taxpayer money:

    z16.jpg

    https://pilotonline.com/business/ban...c2416333e.html

    z17.jpg

    SD

    .
    "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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  3. #2
    Join Date
    Jun 2010
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    Re: Virginia Beach "Bitcoin Mining" Company Declares Bankruptcy

    So

    1) They haven't fully paid their equipment supplier

    2) They have run up an power bill of $1.5 million.

    Doesn't sound to me like the problems only arose after Wesgos' garnishment order was filed

    Trading while insolvent anyone ???
    The only thing necessary for the triumph of evil is for good men to do nothing

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