Eric Hansen, Phoenix1969, MrPresident, $250,000 BTC scam Internet

This is to detail an elaborate scam concocted by the lead mastermind Eric Hansen from Mountain View, Hawaii otherwise known as "Phoenix1969.” Other BitcoinTalk accounts associated with this scam may be “Shogdite”, “cryptodevil”, “suchmoon” and various other shills owned by these individuals.

Disqus - disqus.com/by/orchideric/

Youtube - youtube.com/user/orchideric

Google+ - google.com/110550834433881242246/about

Lisk - forum.lisk.io/memberlist.php?mode=viewprofile&u=261

BitcoinTalk - bitcointalk.org/index.php?action=profile;u=239126

BitcoinTalk - bitcointalk.org/index.php?action=profile;u=123172

Eric Hansen and his partner at the time Shogdite launched a scam project called LetItRide at BitcoinTalk - bitcointalk.org/index.php?topic=1511021.0

They fraudently raised "472.1676 BTC raised by 223 amazing backers"  (over 200,000 USD) as cited by letitride.io their website. The scam went as follows,

Using Eric Hansen’s  reputable name "Phoenix1969" as he has been around a long time in the BitcoinTalk community and the Lisk community, they ran a fraud intended crowdfund for a gambling site that would initially start off as a primitive dice site. Over the first 2 months of the project there were multiple swings in the price of their coin leading people to believe that there would be a "pump" (and "dump") associated with this coin. Surely enough, after 2 months Eric Hansen then made his move and the scam was put into play

Eric Hansen using a secondary account "MrPresident" claimed that his account "Phoenix1969" was hacked and that it was not him and this was used as the core basis for their scam. We can identify this is not true as Eric Hansen on the Lisk forums in his application cites the account "Phoenix1969" here - forum.lisk.io/viewtopic.php?t=191 from which we can see "Last Active: April 02, 2016 11:41:37 AM" showing that Eric Hansen was indeed in possession of the account and has simply acted as two different people to further their scam. The claim that Eric Hansen’s account "Phoenix1969" was hacked stirred up a lot of drama in the LetItRide coupled with his partners who are on the BitcoinTalk default trust list which is used for the trust system on BitcoinTalk.

By having his scammer friend "cryptodevil" tag anyone associated with LetItRide with red trust including the developers one of which being Eric Hansen account "Phoenix1969" they caused a panic in the market causing the price to drop to almost a fourth of its initial market value. By utilizing this scheme, they now are in a position where they can choose to either run with their 472 BTC (valued at $283,200,00 USD currently) or continue manipulating the market as now that they have brought the price significantly down, they can look to buy back cheap coins at 1/4th of the market value from those who are panicking and then restore faith by causing a pump in price allowing the scammers to resell with immense profit effectively committing fraud.

Not only has the fraudster Eric Hansen participated in a deceptive crowdfund for a quarter of a million dollars, he and his partners are continuing to manipulate markets (which would be definitely illegal if it were stocks) into their favor and pump and dump the market as they see fit, while stripping away any amount of extra money from innocent investors as possible.

I as an investor have lost about $12,000 in net value on this project due to Eric Hansen and his scammer friends, I hope this information prevents anyone from losing money or doing business with him in the future.