2 ms·
Didn't TradeHill operate out of Chile? Kind of disturbing that the long arm of California law can shut down operations there.
by andrewpi 15y ago
Didn't TradeHill operate out of Chile? Kind of disturbing that the long arm of California law can shut down operations there.
- SkyMarshal 15y agoIt did, but the CEO Jared Kenna is a US citizen living and working in San Francisco. Not sure exactly how the law applies in this case. As a side note, Peter Schiff runs a semi-alternative currency operation with his Euro Pacific Bank, LTD., and hides the website from US IP addresses: http://europacbank.com/ http://europacbank.com/ It's a bank that stores gold, not cash, and issues a debit card that draws on it. But even that is apparently borderline illegal enough in the US that he won't even show the website to US citizens. I imagine Tradehill could have done something similar, and may have had they not also had $100,000 taken from them.
- ew 15y agoThey did. They worked out of Vina del Mar, where I lived for 6 months during my stint at Start-Up Chile. The TH guys are a good group, really smart, and doing progressive things. It's unfortunate that they keep getting screwed by the payment processors, who themselves have acted shadier than TH ever did. cough Dwolla cough http://tradehillblog.com/2011/07/26/why-we-are-no-longer-accepting-dwolla/ http://tradehillblog.com/2011/07/26/why-we-are-no-longer-acc...