take the bitcoin and run

The FTC says that Butterfly Labs took money for Bitcoin mining products like the Monarch, but failed to deliver in a timely fashion, if at all.

Court Shuts Down Bitcoin Mining Business For Failing To Deliver Paid-For Computers

A federal court has temporarily shut down a Missouri-based business that sold computers specifically designed for aiding users in the generation, or “mining,” of the virtual currency Bitcoin, saying the company took — and spent — customers’ money but waited more than a year to make good on orders for one device and has failed to deliver on another. [More]