Bitcoin to Gold: Coinabul faces 'Class Action' alleging Fraud
Bitcoin to Gold company Coinabul, a company that claims to be "The first Bitcoin to gold service,", is facing a 'Class Action' lawsuit alleging that the company has been involved in committing fraud. On a personal level, I bought .76 Bitcoin worth of gold on may 3rd, and I'm still waiting. Yazan Hussein claims that he paid 1,654.54 bitcoins to Coinabul last year and has, up to date, received no gold. He filed the Federal complaint in Illinois on July 25th naming Coinabul and its CEO, Jason Shore, as defendants. Edelson Law, the firm involved in the class action against Mt Gox, is....
Related News
Bitcoin-to-gold website Coinabul LLC is facing a serious federal class action alleging that it defrauded some of its clients. The leading plaintiff is Yazan Hussein, who claims he transferred 1,644.54 BTC to Coinabul last year, but did not receive the gold he ordered. The federal complaint was filed in Illinois on 25th July. It names Coinabul and its CEO Jason Shore as defendants. Hussein demands a jury trial. Hussein turned to Edelson law for representation, the same firm heading the Mt. Gox class action in the US. Chris Dore, a partner at the firm, told CoinDesk that Hussein reached out....
Disclaimer: Bitcoin Magazine has previously run advertisements for Coinabul. This article was written independently of this fact. -Ed. Coinabul, Bitcoin's largest gold and silver selling service, has announced that is holding a sale to mark an important milestone in its history: one successful year of operation. Jay Shore and Jon Holmquist, both self described "metal-bugs", had started the business to help the Bitcoin community convert their bitcoins into precious metals in October 2011, and after a month of hard work, the business began to quickly take off. On December 3, the site saw a....
Disclaimer: Bitcoin Magazine has run advertisements for Coinabul before. This article was written independent of this fact. -Ed. Coinabul, Bitcoin's first and only dedicated gold and silver selling website, is now celebrating its six month anniversary, offering 1% off gold and 3% off silver purchases. Since October 10 last year, the site has been selling dozens of different types of gold and silver coins and bars for investors and collectors alike, giving money enthusiasts two more types of currency to play with. The site's owners had considerable experience in startups before joining the....
A class action suit has been filed against Joshua Garza, Stuart Fraser, and GAW Miners, LLC. This suit comes following the months-long legal proceedings involving the company, including a breach of contract suit from Mississippi Power Company over nearly $350,000 USD in unpaid electricity bills, and the SEC charging Garza and the company with security fraud in December of 2015. The formal complaint filed yesterday is the culmination of over a year of collecting evidence for the case after the Plaintiffs’ announcement of intent in April of 2015. The class action represents over ten thousand....
Coinbase faces a class action lawsuit against its involvement in the Cryptsy fiasco. Read more... Coinbase is courting one trouble after another. Following the latest issue with the IRS, the cryptocurrency company has another legal challenge to face. This time, it is a class action lawsuit by Silver Law Group and Wites & Kapetan regarding the platform’s alleged involvement in $8 Million theft by Cryptsy’s promoter Paul Vernon. The nationwide class action lawsuit against Coinbase has been filed in the United States District Court for the Southern District of Florida. According to....