Sucks to be him (cyprian bank account screenshot)

[Paul&John]

The most of circulating assets on our business Current Account are blocked.
Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years.

I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.

The business is definitely ruined, all Cypriot workers to be fired.
We are moving to small Caribbean country where authorities have more respect to people's assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners.

Special thanks to:

- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of "European Comission"



P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told.
I got a hard lesson and now I know the meaning of phrase "TRUST NO ONE".

source: https://bitcointalk.org/index.php?topic=160292.0

[Markul]

This made me lol

We are moving to small Caribbean country where authorities have more respect to people's assets.

But damn, it's pretty crazy what's going on. And it'll probably happen in the rest of the EU countries that's in trouble and want to be bailed out.

[Lykos]

Damn, that looks sad

[dyna mo]

i'm surprised they didn't charge you a fee for blocking your money from you

[TheSwed]

fake
just a promotion for Bitcoin

[Paul&John]

Originally Posted by dyna mo

i'm surprised they didn't charge you a fee for blocking your money from you

lol

Originally Posted by TheSwed

fake
just a promotion for Bitcoin

yes, that's an option too

[Supz]

lol at the article coming from bitcointalk

[Klen]

Well the fact is a lot of legit bussineses have account there,for example i just noticed gog.com is nicosia based.

[faxxaff]

Risk is part of running a business. Sorry, to hear that, but it will happen in many other countries.

[ludballs]

Story goes that it could be the Netherlands next. This certainly won't be the last European country anyway!

[Captain Kawaii]

Originally Posted by TheSwed

fake
just a promotion for Bitcoin

This AD brought to you by RJ Reynolds. "Cigarettes are sexy."

[L-Pink]

Originally Posted by ludballs

Story goes that it could be the Netherlands next. This certainly won't be the last European country anyway!

Since little or no interest is earned to offset the risk of bank seizures burying in the back yard is the obvious choice ?..


.

[Bman]

You have a small business why were you hiding your money then?
I am not here to judge but if your gonna try to evade paying taxes you have to think at some point ....

[_Richard_]

Originally Posted by Paul&John

P.S. "This is European Union and banks here can't just grab your money and go" I was told.
I got a hard lesson and now I know the meaning of phrase "TRUST NO ONE".

source: https://bitcointalk.org/index.php?topic=160292.0

this made me laugh

[CAHEK]

Originally Posted by TheSwed

fake
just a promotion for Bitcoin

Account is in Russian Rubles lol

[adultmobile]

This guy's last post in his thread:

--
I have news from a law company who are now working on class action lawsuit filed by the depositors of Laiki Popular Bank and The Bank of Cyprus.
At this moment they are gathering information from affected account holders with over 100k EUR amounts and looking for legal grounds to appeal the seizure of funds.

Our attorney assumes that, with the current situation, it is most likely that the depositors of Laiki Bank will eventually lose 100% of any amount over 100K EUR.
Although legal research is not yet finished, lawyers suspect that the whole situation with bailout is contrary to the constitution of Cyprus and the European Declaration of Human Rights.
We have already had precedents where local Cypriot lawyers backed by influential business figures have already won some small victories.

I'm asking everyone, who has affected account in Laiki Bank or The Bank Of Cyprus, to contact me regarding participation in the class action by sending me private message.
--

[woj]

that's rough, it's bullshit, but lets not kid ourselves, it was a known risk... everyone knows damn well why he had an account there...

[O MARINA]

wow... Balance $849,682,62 sounds very legit.

[ottopottomouse]

Originally Posted by O MARINA

wow... Balance $849,682,68 sounds very legit.

849,682.68 rubles

= $27,133

bit less exciting looking.

[Zeiss]

This is what happens when you keep yer money in banks, especially in weirdo countries you don't even live in.

[Klen]

Originally Posted by Zealotry

This is what happens when you keep yer money in banks, especially in weirdo countries you don't even live in.

Any bank in any country can goes to bananas so it realy doesnt matter.For example recently one bank in my country went bananas and if you had up to 70000$ it's fine since that is insured no matter in what bank you are but if you have above that money you are screwed and courts wont help much as bank dont have enough money to return.So what is common in cyprus and that case,is how if you had little amount of money you been saved,if not then you are screwed.Conclusion?Never get rich

[grumpy]

Originally Posted by Paul&John

Special thanks to:

- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of "European Comission"

So wrong dont shoot the messenger,
special thanks goes to the bankers and the politicians of Cyprus.

[Scott McD]

Originally Posted by ludballs

Story goes that it could be the Netherlands next. This certainly won't be the last European country anyway!

Yup, not by a long shot...