The Crypto Conspiracy Podcast – Episode 19 – Patents, Bitcoin & Tether. Are They Connected?
Here is an audio version of this video:
Category: Cryptocurrency
Coinbase is an incestuous, interlocked association of directors and investors of the British Pilgrims Society and its American Silicon Valley and Wall Street sycophants
It is buried in British Pilgrims Society slime.
Coinbase went public on Mar. 23, 2021. This information is obtained from their S-1/A public offering disclosure at the SEC.
Coinbase Global, Inc. (COIN) (Mar. 23, 2021). S-1/A Public Offering Disclosure, No. 333-253482, EIN 46-4707224. SEC Edgar.
Fenwick & West LLP was the corporate securities lawyer. Fenwick was a Leader Technologies attorney working with James P. Chandler III when Chandler and Fenwick provided Leader’s invention of social networking to IBM Eclipse Foundation.
Satoshi Nakamoto, the mythical inventor of Bitcoin, is listed on the tombstone first page. This offering reinforced the false, fraudulent propaganda narrative.
Goldman Sachs, J.P. Morgan [Rothschild], Allen & Co., and Citigroup (British Pilgrims Society members) are the interlocked underwriters. These interlocked banks also funded Google, Facebook, Twitter, Time Warner, LinkedIn, Microsoft, Walmart, Yahoo!, Columbia Pictures, Bill Gates, Warren Buffet, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Andy Grove, etc.
Directors and Officers are a massively interlocked group of British Pilgrims Society sycophants. Facebook principals and their interlocked financiers represent a central controlling group:
Brian Armstrong, CEO. Deloitte & Touche, ResearchHub
Surojit Chatterjee, Chief Product Officer. Google, Symantec, Indian Institute, MIT
Emilie Choi. LinkedIn, Microsoft, Warner Bros., Naspers, ZipRecruiter, Johns Hopkins, Wharton
Paul Grewal, Chief Legal Officer. Facebook, Howrey LLP, Federal Circuit, Epiq, MIT, Chicago Law
Alesia J. Haas. Sculptor Capital, Och Ziff Capital, OneWest Bank, CIT Group, ANGI, Sears
Marc L. Andreessen (also Director). Facebook, Andreessen Horowitz, Loudcloud, HP, AOL, Netscape, eBay, UnivofIllinois
Frederick Ernest Ehrsam III (also Director). Paradigm, Goldman Sachs, Duke
Kathryn Haun (also Director). Andreessen Horowitz, Stanford Law, CFR, Sidley Austin LLP, DoJ
Kelley A. Kramer (also Director). Cisco, GE Healthcare, Gilead, Snowflake, Purdue
Gokul Rajaram (also Director). DoorDash, Square, Facebook
Fred Wilson (also Director). Union Square Ventures, Flatiron Partners, Etsy, MIT, Wharton
Beneficial investors. Officers and over 5% shares.
The institutional investors are:
Andreessen Horowitz interlocked with 45 companies including Facebook, Groupon, Twitter, Zynga, Foursquare, Oclulus VR, BuzzFeed, Square, Larry Summers
Paradigm Fund Cypto $2.5 billion fund, including locations in the British Grand Cayman Islands
Ribbit Capital … “to change money” Officers and directors
Denise Gilbert, Yahoo
Nick Shalek, Sutter, Yale
Meyer “Micky” Malka, Bitcoin Fndn, Banco Bracce
Nikolay Kostov, Morgan Stanley, Oxford University
Rebekah Murphy, pretty face in the office
Tessa Savakus, Abercrombie & Fitch, UC Berkeley
Cindy McAdam, Postini/Google, Fenwick & West, UC Berkeley
Nick Huber, J.P. Morgan
Ray Chua, Bloomberg, Univ of Chicago
Zack Rosen, J.P. Morgan, Apollo Global, Michigan
Matt Wong, CB Insights, Northwestern, Peking U
Marisa Cannon, Battery Ventures, Highland Capital
Sigal Mandelker, U.S. Treasury, Proskauer Rose LLP, UPenn
Sal Gala, Goldman Sachs, Carnegie Mellon
Max Montgomery, Goodwin, NYU Law,
Eva Alonso, Goldman Sachs, Millicom (UK), London School of Economics (communism)
Alli London, Morgan Stanley, J.P. Morgan, Southeby’s, Paramount Pictures
Brian McGrath, Jeffries, Royal Bank of Scotland/NatWest
Veronica Boubnova, J.P. Morgan, Blackstone Group, PriceWaterhouseCoopers
Ben Paull, Blackstone Capital, Lehman Brothers, Magnetar Capital, Goldman Sachs, 20th Century Fox
Jessi Brooks, U.S. Attorney, Washington D.C., Stanford Law
Jordan Angelos, Accel Partners (Facebook), James W. Breyer
Amy Hawkins, Tandem, Univ. of North Carolina
Gabe Mennesson, Evercore, Genzyme, Lexicon (UK), Dell, Titanium Metals, AstraZeneca, DuPont, Qualcomm, Dow, Abbott, Level 3, Tesla, Coach, Whole Foods, Amazon, Aetna, T-Mobile, Sprint
Nicole MacDougall, Bill Gates Ventures Chief of Staff, House, Senate
Justin Saslaw, Goldman Sachs, Raptor Capital, Notre Dame
Tiger Global Alibaba, DST Global (Moscow), Facebook, Credit Karma, LinkedIn, Softbank, Square
Union Square Ventures Twitter, Etsy, Zynga, AT&T Vetures, Flatiron Partners, XO Group
https://en.wikipedia.org/wiki/Coinbase
History
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a $150,000 cash infusion.[6] Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-founder.[7][8][9] British programmer and Blockchain.info co-founder Ben Reeves was originally supposed to be part of the Coinbase founding team but parted ways with Armstrong just before the Y Combinator funding event, due to their different stands on how the Coinbase wallet should operate.[6] The company is named after coinbase transactions, which are special transactions that introduce cryptocurrency into circulation in proof of work cryptocurrencies.[10]: ch. 8 In October 2012 the company launched the services to buy and sell bitcoins through bank transfers.[11]
In May 2013, the company received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures.[12] In December the same year, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital.[13] Olaf Carlson-Wee, a graduate from Vassar College, was hired as the first employee in the same year.[14]
Andreessen Horowitz = Facebook, Instagram, Groupon, Zynga, Airbnb, Oculus VR, BuzzFeed, Larry Summers
In 2014, the company grew to one million users, acquired the blockchain explorer service Blockr and the web bookmarking company Kippt, secured insurance covering the value of bitcoin stored on their servers, and launched the vault system for secure bitcoin storage.[15][16][17] Throughout 2014, the company also partnered with Overstock, Dell, Expedia, Dish Network, and Time Inc. allowing those firms to accept bitcoin payments.[18][19][20][21] In the same year, company also added bitcoin payment processing capabilities to the traditional payment companies Stripe, Braintree, and PayPal.[22][23] In January 2014, Coinbase Global, Inc. was incorporated in Delaware as a holding company for Coinbase and its subsidiaries. The corporate reorganization that saw Coinbase become a subsidiary of Coinbase Global was completed in April that year.[2]
In January and then March 2017, Coinbase obtained the BitLicense and licensed to trade in Ethereum and Litecoin from the New York State Department of Financial Services (DFS).[30][31] In November, Coinbase was ordered by the US Internal Revenue Service to report any users who had at least $20,000 in transactions in a year.[32] On December 19, Coinbase listed Bitcoin Cash, and the Coinbase platform experienced price abnormalities that led to an insider trading investigation.[33]
In January 2021, Coinbase parent Coinbase Global took a step towards an initial public offering, and in late February of the same year the company filed for a direct listing to go public with the Securities and Exchange Commission.[2][61] In March, the company fell under review by the U.S Office of Foreign Assets Control, with concerns that the company may have provided their blockchain service to blacklisted individuals or companies, noting that the nature of blockchain technology makes it “technically infeasible” to prevent specific users from making transactions.[62][63] Also in March, the company agreed to pay $6.5 million to settle regulatory claims that it had reported misleading information about its trading volumes.[64][65] Also in March, Coinbase announced that it was establishing a business presence in India and hiring employees for IT services, including engineering, software development and customer support operations. The company also announced plans to open a physical office in Hyderabad.[66][67] In April, with its final earnings release before its April 14 direct listing, the company reported a nine-fold increase in Q1 revenue, to $1.8B, up from $190.6M the previous year. The jump was attributed to the increase in the price of Bitcoin over that time period.[68] Before the listing, Nasdaq set a reference price of $250.00 a share, giving the company an estimated value of $47 billion.[69] At the end of its first day of trading, Coinbase closed at a price of $328.28 per share.[70] In May, the company’s Chief People Officer published a blog post announcing that Coinbase was eliminating salary and equity negotiations during recruiting, citing salary disparities with women and minorities. The announcement said that “all employees in the same position, in the same location, receive the same salary and equity offer.”[71] In June, Coinbase added Dogecoin to its tradable assets for Coinbase Pro users.[72][73] In September, the Securities and Exchange Commission reportedly threatened to sue Coinbase if the company decided to launch a cryptocurrency lending product called Lend.[74] The company initially responded in a blog post that it was confused for being singled out by the SEC, but later announced it had canceled the planned launch. Technology publication TechCrunch covered the story and noted the existence of similar cryptocurrency lending products already on the market.[75] In November, Coinbase made its first acquisition in India by purchasing AI-powered support platform Agara for an estimated $40-50 million. The company stated that it would utilize Agara’s technology to automate its customer experience tools.[76]
Operations
Coinbase operates as a remote-first company, and has no physical headquarters.[1] As part of its SEC filing to go public, the company reported 43 million verified users, 7,000 institutions and 115,000 ecosystem partners in over 100 countries. It also reported net revenue of $1.14
Directors at the IPO:
If an officer, shown below.
Christopher V. Dodds.
Barry Schuler
Executive Officers at IPO:
Brian Armstrong, CEO. Deloitte & Touche, ResearchHub
Surojit Chatterjee, Chief Product Officer. Google, Symantec, Indian Institute, MIT
Emilie Choi. LinkedIn, Microsoft, Warner Bros., Naspers, ZipRecruiter, Johns Hopkins, Wharton
Paul Grewal, Chief Legal Officer. Facebook, Howrey LLP, Federal Circuit, Epiq, MIT, Chicago Law
Alesia J. Haas. Sculptor Capital, Och Ziff Capital, OneWest Bank, CIT Group, ANGI, Sears
Marc L. Andreessen (also Director). Facebook, Andreessen Horowitz, Loudcloud, HP, AOL, Netscape, eBay, UnivofIllinois
Frederck Ernest Ehrsam III (also Director). Paradigm, Goldman Sachs, Duke
Kathryn Haun (also Director). Andreessen Horowitz, Stanford Law, CFR, Sidley Austin LLP, DoJ
Kelley A. Kramer (also Director). Cisco, GE Healthcare, Gilead, Snowflake, Purdue
Gokul Rajaram (also Director). DoorDash, Square, Facebook,
Fred Wilson (also Director). Union Square Ventures, Flatiron Partners, Etsy, MIT, Wharton
| Shares Beneficially Owned Prior to the Effectiveness of the Registration Statement | Percent of Total Voting Power % | Shares of Class A Common Stock Registered | |||||||||||||||||||||||||||||||||
| Class A | Class B | ||||||||||||||||||||||||||||||||||
| Number | % | Number | % | ||||||||||||||||||||||||||||||||
| Named Executive Officers and Directors: | |||||||||||||||||||||||||||||||||||
| Brian Armstrong(1) | 2,753,924 | 9.4 | 36,851,833 | 21.6 | 21.5 | 36,851,833 | |||||||||||||||||||||||||||||
| Surojit Chatterjee(2) | 2,002,036 | 7.0 | — | — | * | 5,344 | |||||||||||||||||||||||||||||
| Paul Grewal(3) | 915,331 | 3.3 | — | — | * | 3,808 | |||||||||||||||||||||||||||||
| Marc Andreessen(4) | 5,516,037 | 20.8 | 23,961,498 | 14.1 | 14.1 | — | |||||||||||||||||||||||||||||
| Frederick Ernest Ehrsam III(5) | 2,570,459 | 9.7 | 15,114,503 | 8.9 | 8.9 | 15,114,503 | |||||||||||||||||||||||||||||
| Kathryn Haun(6) | 181,000 | * | 286,854 | * | * | 467,854 | |||||||||||||||||||||||||||||
| Kelly Kramer | — | — | — | — | — | — | |||||||||||||||||||||||||||||
| Gokul Rajaram | — | — | — | — | — | — | |||||||||||||||||||||||||||||
| Fred Wilson(7) | — | — | 13,902,324 | 8.2 | 8.1 | — | |||||||||||||||||||||||||||||
| All executive officers and directors as a group (11 persons)(8) | 15,998,205 | 46.8 | 91,947,012 | 53.5 | 53.5 | 52,768,137 | |||||||||||||||||||||||||||||
| Other 5% Stockholders: | |||||||||||||||||||||||||||||||||||
| E Entities affiliated with Andreessen Horowitz(9) | 5,516,037 | 20.8 | 23,961,498 | 14.1 | 14.1 | 29,477,535 | |||||||||||||||||||||||||||||
| E Entities affiliated with Paradigm(10) | 2,570,459 | 9.7 | — | — | * | 2,570,459 | |||||||||||||||||||||||||||||
| E Entities affiliated with Ribbit Capital(11) | — | — | 11,995,949 | 7.0 | 7.0 | — | |||||||||||||||||||||||||||||
| Ti Tiger Global Private Investment Partners XI, L.P.(12) | 2,624,880 | 9.9 | — | — | * | — | |||||||||||||||||||||||||||||
| E Entities affiliated with Union Square Ventures(13) | — | — | 13,902,324 | 8.2 | 8.1 | 13,902,324 | |||||||||||||||||||||||||||||
| Vi Viserion Investment Pte Ltd.(14) | 1,381,518 | 5.2 | — | — | * | — | |||||||||||||||||||||||||||||
| Other Registered Stockholders: | |||||||||||||||||||||||||||||||||||
| N Non-Executive Officer and Non-Director Current and Former Service Providers(15) | 17,111,799 | 42.9 | 15,991,864 | 9.0 | 9.4 | 11,768,185 | |||||||||||||||||||||||||||||
| All Other Registered Stockholders(16) | 4,224,755 | 15.9 | 3,870,923 | 2.3 | 2.4 | 4,364,129 |
__________________
*Represents beneficial ownership of less than 1% of our outstanding shares of common stock.
(1)Represents (i) 2,753,924 shares underlying options to purchase Class A common stock that are exercisable within 60 days of March 15, 2021; (ii) 25,959,129 shares of Class B common stock held by The Brian Armstrong Living Trust; (iii) 2,215,422 shares of Class B common stock held by the Brian Armstrong 2018 Grantor Retained Annuity Trust; (iv) 7,726,792 shares of Class B common stock held by the Brian Armstrong 2020 Grantor Retained Annuity Trust; and (v) 950,490 shares of Class B common stock held by The Ehrsam 2014 Irrevocable Trust, of which Mr. Armstrong is trustee.
(2)Represents (i) 5,344 shares of Class A common stock and (ii) 1,996,692 shares underlying options to purchase Class A common stock that are exercisable within 60 days of March 15, 2021.
(3)Represents (i) 3,808 shares of Class A common stock and (ii) 911,523 shares underlying options to purchase Class A common stock that are exercisable within 60 days of March 15, 2021.
(4)Represents (i) 5,516,037 shares of Class A common stock and (ii) 23,961,498 shares of Class B common stock held by entities affiliated with Andreessen Horowitz, as reflected in footnote 9 below. Mr. Andreessen, a member of our board of directors, is a general partner of Andreessen Horowitz, and therefore, may be deemed to share voting and investment power with regard to the shares held directly by Andreessen Horowitz. The address for Mr. Andreessen is c/o Andreessen Horowitz, 2865 Sand Hill Road, Suite 101, Menlo Park, CA 94025.
(5)Represents (i) 8,425,831 shares of Class B common stock held by The Frederick Ernest Ehrsam III Living Trust; (ii) 2,997,461 shares of Class B common stock held by The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust; (iii) 601,637 shares of Class B common stock held by the Brian Armstrong Legacy Trust, of which Mr. Ehrsam is trustee; (iv) 3,089,574 shares of Class B common stock held by The Armstrong 2014 Irrevocable Trust, of which Mr. Ehrsam is trustee, and (v) 2,570,459 shares of Class A common stock held by Paradigm Fund L.P., as reflected in footnote 10 below. Mr. Ehrsam, a member of our board of directors, is a managing member of Paradigm Fund L.P., and, therefore, may be deemed to have voting and investment power with regard to the shares held directly by Paradigm Fund L.P.
(6)Represents (i) (A) 181,000 shares of Class A common stock and (B) 19,000 shares of Class B common stock held by EZT Trust; (ii) 150,000 shares of Class B common stock held by Gheradesca Annuity Trust; and (iii) 117,854 shares of Class B common stock held by Gheradesca LLC, of which 6,223 shares are unvested and subject to repurchase by us.
(7)Represents 13,902,324 shares of Class B common stock held by entities affiliated with Union Square Ventures, as reflected in footnote 13 below. Mr. Wilson, a member of our board of directors, is a general partner of Union Square Ventures, and therefore, may be deemed to share voting and investment power with regard to the shares held directly by Union Square Ventures. The address for Mr. Wilson is c/o Union Square Ventures, 915 Broadway, 19th Floor, New York, NY 10010.
(8)Represents (i) 8,281,992 shares of Class A common stock; (ii) 90,436,463 shares of Class B common stock; (iii) 7,693,188 shares underlying options to purchase shares of Class A common stock that are exercisable within 60 days of March 15, 2021;
186
(iv) 1,510,549 shares underlying options to purchase shares of Class B common stock that are exercisable within 60 days of March 15, 2021; and (v) 23,025 shares of Class A common stock subject to RSUs that are settleable within 60 days of March 15, 2021. As of March 15, 2021, executive officers and directors as a group held an aggregate of (i) 16,987,099 shares underlying options to purchase shares of Class A common stock; (ii) 1,510,549 shares underlying options to purchase shares of Class B common stock; and (iii) 689,433 shares of Class A common stock subject to RSUs.
(9)Represents (i) 27,630 shares of Class A common stock and 21,714,684 shares of Class B common stock held by Andreessen Horowitz Fund III, L.P., for itself and as nominee for Andreessen Horowitz Fund III-A, L.P., Andreessen Horowitz Fund III-B, L.P., and Andreessen Horowitz Fund III-Q, L.P., which are collectively referred to as the “AH Fund III Entities”; (ii) 4,618,842 shares of Class A common stock held by Andreessen Horowitz LSV Fund I, L.P., for itself and as nominee for Andreessen Horowitz LSV Fund I-B, L.P. and Andreessen Horowitz LSV Fund I-Q, L.P., which are collectively referred to as the “AH LSV Fund I Entities”; (iii) 1,817,334 shares of Class B common stock held by AH Parallel Fund III, L.P., for itself and as nominee for AH Parallel Fund III-A, L.P., AH Parallel Fund III-B, L.P., and AH Parallel Fund III-Q, L.P., which are collectively referred to as the “AH Parallel Fund III Entities”; (iv) 429,480 shares of Class B common stock held by a16z Seed-III, L.L.C., which is referred to as “a16z Seed”; and (v) 869,565 shares of Class A common stock held by CNK Fund I, L.P., for itself and as nominee for CNK Fund I-B, L.P. and CNK Fund I-Q., L.P, which are collectively referred to as the “CNK Fund I Entities”. AH Equity Partners III, L.L.C. (“AH EP III”), the general partner of the AH Fund III Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Fund III Entities. The managing members of AH EP III are Marc Andreessen and Ben Horowitz, and each of them may be deemed to hold shared voting and dispositive power over the shares held by the AH Fund III Entities. AH Equity Partners LSV I, L.L.C. (“AH EP LSV I”), the general partner of the AH LSV Fund I Entities, may be deemed to have sole voting and dispositive power over the shares held by the LSV Fund I Entities. The managing members of AH EP LSV I are Marc Andreessen and Ben Horowitz, and each of them may be deemed to hold shared voting and dispositive power over the held by the AH LSV Fund I Entities. AH Equity Partners III (Parallel), L.L.C. (“AH EP III Parallel”), the general partner of the AH Parallel Fund III Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund III Entities. The managing members of AH EP III Parallel are Marc Andreessen and Ben Horowitz, and each of them may be deemed to hold shared voting and dispositive power over the shares held by the AH Parallel Fund III Entities. The AH Fund III Entities are the members of a16z Seed, and each of them may be deemed to hold shared voting and dispositive power over the shares held by a16z Seed. AH EP III, the general partner of the AH Fund III Entities, may be deemed to have sole voting and dispositive power over the shares held by a16z Seed. The managing members of AH EP III are Marc Andreessen and Ben Horowitz, and each of them may be deemed to hold shared voting and dispositive power over the shares held by a16z Seed. CNK Equity Partners I, L.L.C. (“CNK EP I”), the general partner of the CNK Fund I Entities, may be deemed to have sole voting and dispositive power over the shares held by the CNK Fund I Entities. The managing members of CNK EP I are Marc Andreessen and Ben Horowitz, and each of them may be deemed to hold shared voting and dispositive power over the shares held by the CNK Fund I Entities. Shares held by each of these entities include shares that may be subsequently sold by each of Marc Andreessen, Ben Horowitz and Kathryn Haun following in-kind distributions of shares by these entities. The address for each of these entities is 2865 Sand Hill Road, Suite 101, Menlo Park, CA 94025.
(10)Represents 2,570,459 shares of Class A common stock held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P. has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. Mr. Ehrsam is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The address for this entity is c/o Maples Corporate Services Limited, Ugland House, PO Box 309, George Town, Grand Cayman E9 KY1-1104.
(11)Represents (i) 1,020,672 shares of Class B common stock held by CB-D Ribbit Opportunity I, LLC; (ii) 10,089,161 shares of Class B common stock held by Ribbit Capital, L.P.; (iii) 560,610 shares of Class B common stock held by CB Ribbit Holdings, LLC; and (iv) 325,506 shares of Class B common stock held by CB Ribbit Opportunity I, LLC. The address for this entity is 364 University Avenue, Palo Alto, CA 9430.
(12)Represents 2,624,880 shares of Class A common stock held by Tiger Global Private Investment Partners XI, L.P, an affiliate of Tiger Global Management, LLC. The address for this entity is c/o Tiger Global Management, LLC, 9 West 57th Street, 35th Floor, New York, NY 10019.
(13)Represents (i) 11,626,100 shares of Class B common stock held by Union Square Ventures 2012 Fund, L.P., or USV 2012 Fund; (ii) 449,762 shares of Class B common stock held by USV Investors 2012 Fund, L.P., or USV Investors 2012 Fund; (iii) 1,738,007 shares of Class B common stock held by USV Opportunity 2014, LP, or USV Opportunity 2014 Fund, and (iv) 88,455 shares of Class B common stock held by USV Opportunity Investors 2014, LP., or USV Opportunity Investors 2014 Fund. Union Square 2012 GP, L.L.C., or Union Square 2012, is the general partner of USV 2012 Fund and USV Investors 2012 Fund, and has sole voting and investment power with regard to the shares held by USV 2012 Fund and USV Investors 2012 Fund. USV Opportunity 2014 GP, LLC, or USV Opportunity 2014, is the general partner of USV Opportunity 2014 Fund and USV Opportunity Investors 2014 Fund, and has sole voting and investment power with regard to the shares held by USV Opportunity 2014 Fund and USV Opportunity Investors 2014 Fund. We refer to Union Square 2012 and USV Opportunity 2014 and affiliated entities as Union Square Ventures. Fred Wilson, Brad Burnham, Albert Wenger, John Buttrick, and Andy Weissman are partners at Union Square Ventures and, therefore, may be deemed to have shared voting and investment power with regard to the shares held directly by Union Square Ventures. Shares held by each of these entities include shares that may be subsequently sold by each of Fred Wilson, Brad Burnham, Albert Wenger, John Buttrick, and Andy Weissman following in-kind distributions of shares by these entities. The address for each of these entities is 915 Broadway, 19th Floor, New York, NY 10010.
(14)Represents 1,381,518 shares of Class A common stock held by Viserion Investment Pte Ltd. Viserion Investment Pte. Ltd. shares the power to vote and the power to dispose of these shares with GIC Special Investments Pte. Ltd., or GIC SI, and GIC Private Limited, or GIC, both of which are private limited companies incorporated in Singapore. GIC SI is wholly owned by GIC
Press release from Dr. Jonathan Levy
The State of New York Supreme Court has awarded more than $13.8 million to a Trust whose beneficiaries are Bitcoin fraud victims. The Defendant is The Bitcoin Voluntary Associations, which according to the Plaintiff Crypto Currency Resolution Trust’s legal counsel, Dr. Jonathan Levy, is the same as the crypto enterprise “Bitcoin.”
The Trust beneficiaries are a half dozen fraud victims who assigned their losses to the Trust. The largest claim involves a hacked Bitcoin wallet that contained almost a 1000 Bitcoins with the other losses resulting from Ponzi schemes that used Bitcoin investments to defraud investors. Dr. Levy says, “Crypto currency scams, hacks, and extortion cost consumers at least $10 billion annually. Until now, the victims have had no chance of recovery due to Bitcoin being a near perfect criminal tool.”
The judgment stems from a partial settlement with a Bitcoin node of ongoing claims made to the European Union (EU) seeking the establishment of a compensation fund. The proposed crypto currency user security fund is to be endowed by mandatory contributions from Bitcoin, other blockchain investments and currencies, social media, certain domain registries and crypto exchanges to compensate victims of crypto currency related fraud and crime.
The EU claim alleged Bitcoin and other decentralized crypto currencies are unincorporated or voluntary associations in which each current or former node has liability for the entire operation. The Trust’s position is that Bitcoin is an association that has rules, charges a relay fee, and is administered by nodes who each are jointly liable for the New York judgment. The nodes process the Bitcoin daily transactions which regularly exceed $25 billion. According to Christopher Earl Strunk, one of the Trustees, the next step will be to enforce the judgment on the Bitcoin nodes some of which are crypto currency exchanges and well known financial institutions based in New York: “The Trust intends to enforce this judgment and any others we may obtain on behalf of crypto currency victims.”
See court filing: https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=sIH1vD032SxuQBZVYw5kpA==
AIM Patriot Christopher E. Strunk adds these comments and a video he previously records.
Time will tell when the press picks up the press release in the EU and when the 2400 or so pending domestic subpoenas are served on the fulll nodes and negotiated; and that could take until the end of the year – however the service of so many subpoenas will be expensive and needs expense funds. The twist is that the EU has a Bitcoin liability because it lists cryptocurrency transactions as EU recognized assets that for the next 11 months after the UK leaves is double jeopardy.
The SRO (self regulated organization) nature of this crypto transaction, even if crypto only exists when the electricity and internet is on is very much like the DTCC and Cede & Co operate here in NYC. Levy is a good interview in this regard, and alythough I did the NY Supreme Court case as the CCRT Trustee I am also available – especially since I also sued DTCC in 2015 involving the theft of the special Commercial bank trust funds that in 1999 merged with the Investiment Bank side Exchange Stabilization / Plunge Protection Funds.
CRYPTO CURRENCY CUI BONO? Have your BITCOINS been stolen?
EU and UK Singled Out in Maladministration Complain
BRUSSELS: (EU Ombudsman Complaint # 201902197)
A complaint filed by lawyer Dr. Jonathan Levy on behalf of cryptocurrency crime victims, whose claims totaling over €27 million, takes aim not only at the European Commission but singles out the United Kingdom and several other EU member states as safe havens for crypto criminals.
The EU is accused of “maladministration” in regard to cryptocurrency. Maladministration is the technical term for various types of governmental injustice including delay and failure to investigate, take action or follow the law.
Dr. Jonathan Levy represents the Victims and the National Liberal Party, a UK political party with a platform that includes sound cryptocurrency policy. The EU stands accused of knowingly permitting the transfer of billions of Euros from victims to organized crime including the notorious €5 billion One World–One Coin Ponzi scheme which was operated by EU citizens utilizing EU banks for over almost 5 years. Only on the day of the filing of this complaint did the EU act to remove One World–One Coin from its own Top Level Domain .EU where it had been operating with impunity.
Dr. Levy has long criticized the United Kingdom’s handling of cryptocurrency related claims. According to Dr. Levy, “The United Kingdom and European Union have rolled out a welcome sign for crypto criminals and provided them unhindered access to Top Level Domains like .EU and .IO, their banking system, companies registration, and have turned a blind eye to the largest transfer of wealth to international criminal organizations since World War Two.”
Levy and his clients seek intervention by the EU Ombudsman to prompt the EU Commission to hold cryptocurrencies, social media networks, domains, exchanges, and domain privacy providers accountable for funding a Cryptocurrency Security Fund to pay out compensation to victims of cryptocurrency criminals.
Cryptocurrency Ponzi Scheme Explained with Jonathan Levy and Douglas Gabriel
Copies of the pleadings are available at: http://www.jlevy.co/cryptocurrency-litigation/
EU and UK Policies Aided Crypto Criminals to Pocket Billions of Euros
Posted by Jonathan Levy
Cryptocurrency Victims Claims
jlevy@globalattorney.org
info@jlevy.co
BRUSSELS: Today an unprecedented complaint was lodged with the EU Ombudsman, asking for intervention to convince the European Commission to establish a compensation fund for the ever increasing victims of crypto criminals. The proposed compensation is to be funded by cryptocurrency relay fees, the “Nakamoto” coins, and contributions by social media, crypto exchanges, and domain privacy providers.
The complaint filed by lawyer Dr. Jonathan Levy on behalf of victims, whose claims totaling over €27 million, is aimed not only at the European Commission but singles out the United Kingdom and several other EU member states as safe havens for crypto criminals. The complaint coincides with recent exposes of the One Coin / One World Ponzi scheme which has defrauded victims of over €4 billion since 2017. The scheme operates from the EU’s own domain at https://www.onelife.eu
The EU Commission is accused of shirking their duties to enforce and apply Anti Money Laundering and Payment Processing rules to cryptocurrencies, allowing member states to pursue policies of nonenforcement, and failing to halt ongoing criminal operations brought to its attention. The EU Commission has also evaded the primary question: Are blockchain and cryptocurrencies subject to the EU’s sweeping General Data Protection Rules (GDPR)?
Dr. Jonathan Levy represents the Victims and the National Liberal Party, a UK political party with a platform that includes cryptocurrency. Dr. Levy has long criticized the United Kingdom’s handling of cryptocurrency related claims. According to Dr. Levy, “The United Kingdom and European Union have rolled out a welcome sign for crypto criminals and provided them unhindered access to Top Level Domains like .EU and .IO, their banking system, companies registration, and have turned a blind eye to the largest transfer of wealth to international criminal organizations since World War Two.”
The Cryptocurrency Victims are from the Europe, North America, Africa, Australia and Asia and the claims involve a variety of criminal hacking, extortion, identity theft, online casinos, crypto mining, Initial Coin Offerings, bitmixers, unlicensed trading platforms and pyramid and Ponzi schemes, many of which are ongoing, notorious and known to the EU and United Kingdom law enforcement agencies including the aforementioned One Coin.
Read the complaint here: Levy Complaint
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Remember when we told you that something was happening behind the scenes with Bitcoin? August 2019 – Bitcoin Troubles and Philip Venables
Listen to a discussion between Douglas Gabriel and Dr. Jonathan Levy about the dangers of cryptocurrencies.
Cryptocurrency Ponzi Scheme Explained with Jonathan Levy and Douglas Gabriel
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Legal Process against EU Commission Possible
A post from
Dr. Jon Levy
September 23, 2019 (For Immediate Release)
Brussels:
Today a third and find Request for Consultation requesting that at least €10 billion in a compensation fund be set aside for victims of cryptocurrency related crime and fraud was lodged by crypto lawyer Dr. Jonathan Levy with the European Union Commission. The claim is on behalf of over 30 named victims with losses now totaling over €20 million. The EU’s position is that the fix for crypto crime and fraud is that all crypto currency wallets will be regulated by the beginning of 2020. But not a penny set aside for victims who have lost billions of Euros to organized crime syndicates.
The victims’ lawyer lead counsel, Dr. Jonathan Levy rejects the EU position:
“Billions of Euros in crypto assets and cash are now in the hands of organized gangs of crypto criminals. This is a national security issue. The European Union Commission is ignoring its own rules on data protection, anti-money laundering and payment processing. Currently, 10-20 billion Euros in crypto assets are within reach and may be lawfully seized by the EU to compensate victims. This is our immediate goal.”
Dr. Levy in today’s communication to the EU expanded the cryptocurrency victims claim process to include ICOs, crypto casinos, and cloud mining frauds. Levy also called the EU and UK government for ignoring previous complaints about ongoing frauds and bitmixing. He suggested the EU was deliberately ignoring its own laws and that the UK was aiding and abetting crypto crime through nonregulation and permitting the .IO top level domain (British Indian Ocean Territory) to become the world’s largest offshore money laundering center by volume. More importantly, Levy reminded the EU Commission that individual Bitcoin and Cryptocurrency “Full Nodes” were operating as unlicensed payment processors and transfer agents and thus personally liable for Bitcoin related claims.
If the victims’ claims are not addressed, Dr. levy promises legal action against the EU Commission before the hard Brexit date of October 31, 2019.
Full copies of today’s communication, the original claim and reply, and the EU response are attached or may be downloaded from:
https://www.scribd.com/document/427070987/Request-for-Consultation-Victims-Reply-Second
https://www.scribd.com/document/416405718/Dated-and-Signed-Letter-EU-Response-July-9-2019
https://www.scribd.com/document/416405737/Request-for-Consultation-Victims-Reply
This week we reported on “The Reveal” that was released by Ivy McLemore, a sophomoric website claiming that Bitcoin was started by a man named James Bilal Kahil Caan.
Satoshi Nakamoto Renaissance Holdings Retains Ivy McLemore & Associates for Strategic Communications
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We called a PROPAGANDA ALERT and informed our audience that this is just more CIA disinformation to cover-up their global Ponzi crypto scheme and hide the actual creators of Bitcoin.
Listen to our audios and see the info we found at this link below:
Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme
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In July 2019, the President tweets this statement:
We have noticed (July – August 2019) that John McAfee is going nuts with Bitcoin promotions, like he is a desperate used car salesperson with ‘nothing on the boards’ at the end of the month. He was arrested in Guatemala and then sent to the UK. Strange enough stuff to get our hunt dogs interested in the BitCON trail.
What they found was shocking, but not surprising, as it continues to reveal the level of corruption of the banking system.
In the audio below, Douglas Gabriel and Michael McKibben explain what they found in their research…which by the way took less than a day so there is absolutely no excuse for the intelligence agencies in America not to be giving Donald Trump full and accurate reports at least as good as ours…each and every day.
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Will the Real Inventor Step Forward?
The claim of who started Bitcoin has been going on for years. In the video below, Australian entrepreneur Craig Wright publicly identified himself as Bitcoin creator Satoshi Nakamoto.
Mr Bitcoin: “I don’t want money, I don’t want fame!” BBC News
(May 2016) “His admission ends years of speculation about who came up with the original ideas underlying the digital cash system. Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin’s creator. Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright’s claim.”
Duration: 4:50.
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This May 2019 video continues the narrative that the inventor is Craig Wright.
DID JOHN MCAFEE JUST REVEAL THE REAL SATOSHI NAKAMOTO?
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Whether Craig Wright or James Cann, these boys are decoys to keep us from looking at the real target. Our research, where FACTS ACTUALLY MATTER, took us on a different trail of the myth and mystery of Bitcoin’s creation. Here is what we found:
Chuan Tian. (Jul. 13, 2017). Goldman Sachs [Paul Walker and Phil Venables] Granted ‘SETLcoin’ Cryptocurrency Patent. CoinDesk.
Venables was an international delegate to a Highlands Group forum in Singapore in 2009.
Inventors: Paul Walker, Phil J. Venables. (Issued Jul. 11, 2017). CRYPTOGRAPHIC CURRENCY FOR SECURITIES SETTLEMENT, Assignee: Goldman Sachs & Co. LLC; Appl. No. 14/528,289, filed Oct. 30, 2014; Examiners: John Hayes, Jason Fenstermacher; Attorney: William A. Munck et al, Munck, Wilson Mandala LLC; Venables OATH. USPTO.
Philip J. Venables was a Goldman Sachs advisor to Barack Obama in 2016 (while he was simultaneously applying for a Bitcoin/Cryptocoin PATENT at the USPTO
The Real Satoshi Nakamoto is Philip J. Venables
The bogus confessions of operatives claiming to have created Bitcoin seem to be diversions to keep attention away from the real bitcoin creators and owners – Goldman Sachs and Philip J. Venables, a member of the Highlands Group (1995), and a member of Obama’s Commission on Enhancing Cybersecurity (2016).
https://fbcoverup.com/docs/cyberhijack/cyber-hijack-findings.html#highland-forum
Executive Order 13718. (Feb. 09, 2016). Commission on Enhancing National Cybersecurity. Barack Obama. The White House. Federal Register, Vol. 81, No. 29, Feb. 12, 2016. GPO.
https://fbcoverup.com/docs/cyberhijack/cyber-hijack-findings.html#obama-fascist-eo-13718-iot
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Jason B. Fenstermacher
Examiner for other mainly crypto filings: Nant Holdings, Mastercard, Bank of America, Tencent, Global Mobile, Everyone Counts, Qualcomm, AMEX, Facebook, Unito Oy (Finland), Groupon
https://patents.justia.com/examiner/jason-b-fenstermacher
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We turn our attention to the three-part “big reveal” of Satoshi Nakamoto and his/her 980,000 Bitcoin holding which is turning out to be nothing but a CIA Ponzi scheme. Read the article first, then listen to Betsy and Thomas explain why all of this is a hoax.
If you currently own cryptos, this is an audio that we highly recommend.
Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity
Also read: http://www.SatoshiNRH.com and http://www.ivymclemore.com
Satoshi Nakamoto Dossier Reveals CIA Ponzi Scheme
Parts II and III
My 980,000 Bitcoins and My Real Identity
BTC Founder Losses $10 Billion BTC