As of this writing, Matt is paid to post on forum by stake.com. On 21-01-15 stake.com confirmed knowledge of his scam.
I’ll try to link to the original posts whenever possible, so you can see how often the posts are edited or deleted as he contradicts himself. The original thread is archived here.
As you read this, keep in mind he works in this industry and will later admit he knew what he did was illegal.
|2012-04-07||Matt announces a ponzi, specifically for help those who cannot get an invitation to the Pirate ponzi||Original|
|2012-04-11||Matt announces the reserve fund, working with Pirate in advance.||Original|
|2012-04-12||Matt hints at his plan to pay out a 1% reserve fund instead of deposits.||Original|
|2012-04-17||Matt’s confirms his partnership with Pirate allows higher rates.||Original|
|2012-04-24||First person asks about the scam. He is ignored.||Original|
|2012-05-05||Ponzi reaches 2,000 bitcoin and gets a “shiny new logo courtesy of Timbo925”||Original|
|2012-06||Posts many spreadsheets showing deposits, balances and ponzi payments.||Most spreadsheets have been removed from the forum and exist only on archives.|
|Makes agreement with pirate to raise interest to 390% per year for deposits over 2,000 btc.||Original|
|July 2012||Matt lowers his ponzi rate to 251% APR||Original|
|July 2012||Matt states 1% reserve fund is 65 bitcoin.||Original|
|2012-08-18||Pirate’s ponzi ends and per his agreement he returns Matt’s entire deposit for their future use. Matt pays out only the 1% reserve fund.||Original|
|April 2013||Matt denies running a ponzi. (There was nothing dishonest about what I did and I’m surprised you would insinuate as much)||Original|
|Feb 2014||Matt admits he knew he ran a ponzi. He later reinforces this by saying he is in finance.||Original DELETED|
|April 2014||Matt brags he knew the ponzi was illegal. (Common sense has to play a role as well. Is there anyone who thought Pirate was doing honest dealings? I certainly hope not. )||Original|
|2019-12-22||Matt hints the SEC investigated and cleared him. They did not.||Original|
|2020-04-07||Matt claims he had no special relationship with pirate (see 2012-04) and continues his deflection.||Original|
|Oct 2020||Matt denies running a ponzi.||Original|
|December 2020||Matt denies paying out the 1% reserve fund. (I’ve never lost anyone’s money. Not a single satoshi. )||Original|