Thread: FBI Press Release Three Plead Guilty
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Old 10-26-2009, 05:38 PM
dingdongdaddy dingdongdaddy is offline
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Kwak pleads guilty....
c/p
I would like to comment on this very sad news and maybe offer a different perspective on why this whole bust could be very good for the community in the long run

First off, all three of these gentlemen were carrying on like this was a perfectly legitimate business. TDG has been spouting off for the last three years and flaunting his knowledge and inside information almost daring the providers to catch him. Kwak to a much lesser extent, yet thru many hurdles over at VS over the years, he had often spoken up under his alas Mr Viewsat. Bob Ward of all people should have known better after all his experience in the old "card days" and the trouble he had then. He should have been the one advising to keep a low profile and releasing only enough info to keep the consumer informed and VS healthy....

So today these three gentlemen are facing fines and Fed time sad to say. What I like everyone to keep in mind is just how many VS units were sold, many, many millions and just to throw a number out there let's say the average unit went for 100 dollars a pop, we all know it's much higher. If the company sold even 2 million units what number are you coming up with, and again, we know they sold more them 2 million units over the companies life time. So lets low ball these numbers and say VS after expenses and all overhead profited 100 million dollars. An each of the small players Bob and Phil received a 15% share with Kwak holding the other 70%.

So again, low ball numbers, Bob and Phil each earned 15 million and Kwak 70 million. I have yet to read anywhere that the providers is going after and personal assets and at this point seem satisfied with Fed fines and Jail time, although this many change over time. So the question I must ask every poster on this board is, would you be willing to server say 2 years in a Federal minimum security lockup and pay a 250.000 fine if it meant when you got out you had millions waiting to take care of you the rest of your life? Even Bob Ward at 54 would make that trade it think. So as crappy as this whole guilty plea deal is for them ,in the end if the situation stays status quo, it still could amount to one hell of a pay day.....

An now why this situation might be very good for the community as a whole and for it long term survival.

The fist point should be the lesson it should have taught all the principal players, keep your mouth shut, and remain in the shadows. Folks this is no less then industrial espionage and that is some serious **** which requires serious players. The last few years the top players in this "hobby" have gotten too full of themselves. Many, were drawn to the notoriety and adulation, like moths drawn to the light and flame and have been burned for it.

Let us all hope that the lesson of both VS and CS have burned there way into the business end of this hobby and the mistakes of the last 2 years will not be repeated.
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