VMC - Virtual Mining Corporation | AcronymAttic

Links to the situations with Ken Slaughter and Active Mining, the Bitcoin Miner and Mining company

On Reddit and Bitcointalk, there has been extensive discussion on whether or not Ken Slaughter and VMC then ActM were scams or whether Ken would come through and make his investors big profit.
For a long time, I was a supporter and defender of Ken. Finally, with the Ceast and Desist order, I have come to realize that Ken deceived everyone. He seems to be treating this as if the problems with ActM are not his fault. But, he had a year to show some success, yet he continually made bad business decisions, rejected offers of help and rejected good advice. He refused to provide financial reports, which he had promised to do. Whether or not it was Ken's original intent to steal from his investors, his pattern of deception is clear now. It would be nice if Ken were to be a real man and accept responsibility for what has happened, and would accept the fact that he is an incompetent businessman. It would be nice if he would take responsibility for his incompetence and liquidate all assets of Active Mining and any of his personal assets to pay back all share holders a fair price for the outstanding shares of ActM.
Here is the link to the Cease and Desist order to Ken Slaughter form the Missouri Department of State http://freepdfhosting.com/0d53fc3f43.pdf
Here is Ken's lawyer's response http://www.ozarksfirst.com/media/lib/184/0/b/d/0bdcdfe7-623f-4653-be2a-7ba629d8ee70/Slaughter_Press_Release_6_3_2014.pdf
Here is the news release from the Missouri Secruities Divison http://www.sos.mo.gov/news.asp?id=1394
Ken Slaughter is and was a scammer. Every problem that occurs with ActM is always attributed to some outside factor. He never takes responsibility for his own decisions. He always makes excuses and tells people to wait for the upcoming good news. He continually lied to people who believed in him. He betrayed people who supported him.
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