Loan defaulted by [Edwardard]

[shasan]

What happened:: Edwardard has taken a non-collateral loan and there has been no repayment and/or no communication for about 5 months. I have tried to communicate via private messages but the user has not responded to me though several times the user came online. Also, the user came online after I left negative feedback on his/her profile.

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=710241

Reference Link: https://bitcointalk.org/index.php?topic=5030169.msg62223806#msg62223806
Amount Scammed: 1000$+interest
Payment Method: USDT
Proof of Payment: Internal transaction Via Binance
Flag: https://bitcointalk.org/index.php?action=trust;flag=3240

[1714196875]

1714196875

[shasan]

Reserve

[Poker Player]

Fuck Sashan, I'm really sorry. 1,000 bucks plus interest must hurt, and you surely must make a lot of successful loans just to make up for that loss. I'm going to red tag him too and support the flag.

You have to see how people ruin an account. He had been on the forum for a long time and had managed many campaigns.

[ineedhelpplease]

I've given him a negative rep. That is evil. it sucks working legitimately to have your hard earn money robbed by these con artists. I really hope that he isn't a scammer and pays you back but it's been months. Looking at his history it looked like he was a legitimate user prior which sucks.

[shasan]

Fuck Sashan, I'm really sorry. 1,000 bucks plus interest must hurt, and you surely must make a lot of successful loans just to make up for that loss. I'm going to red tag him too and support the flag.

You have to see how people ruin an account. He had been on the forum for a long time and had managed many campaigns.

Also, the user was in a good campaign where the weekly payment was 100$. In the meantime, the user could repay the double amount. And the account can't be ruined.
I am surprised that the user returned 1050$ and the latter took 1000$. If the user was a defaulter then why return the previous loan? I can't get the answer to this.

[Poker Player]

Also, the user was in a good campaign where the weekly payment was 100$. In the meantime, the user could repay the double amount. And the account can't be ruined.
I am surprised that the user returned 1050$ and the latter took 1000$. If the user was a defaulter then why return the previous loan? I can't get the answer to this.

I imagine that the default was not something premeditated but that he had some problem, that things went wrong and that is why he has not been able to return it. In his last message on the forum, he said:

Hi shasan,
due to some unexpected family issues, I'd like to ask for an extension for my current loan.
extension period: +15days
Repayment will be 1100$ instead of 1050$. I hope u understand and grant me this extension.

I would like to ask for second extension for this loan. I know it is already too long but my situation is not that good. I will pay with more interest on this extension and I hope you understand.
extension time: 1month (on or before 12th july)
repayment: 1250 usdt.

I have put in bold what I think may help to understand why he has defaulted.

[shasan]

I've given him a negative rep. That is evil. it sucks working legitimately to have your hard earn money robbed by these con artists. I really hope that he isn't a scammer and pays you back but it's been months. Looking at his history it looked like he was a legitimate user prior which sucks.

Thanks for your support. Though the amount is not small but the account if the user was more valuable as the user could earn a lot than the defaulted loan amount from the defaulted account.

[dzungmobile]

You have to see how people ruin an account. He had been on the forum for a long time and had managed many campaigns.

Sometimes, it really f*ucks up to see people ruin their accounts this way.

The campaign in which the loan defaulter participated in actually is one of best signature campaigns in Bitcointalk. With that campaign and his rank, it takes about 3 months with actively posting to get $1000 and more, enough to have a full loan repayment.

Sorry for your loss, assume it's a loss, shasan.

[shasan]

I have put in bold what I think may help to understand why he has defaulted.

S/he might say the truth but I have waited a long time and checked several times whether s/he comes online or not and I have seen several times but no response though I have sent several messages.

[ineedhelpplease]

I've given him a negative rep. That is evil. it sucks working legitimately to have your hard earn money robbed by these con artists. I really hope that he isn't a scammer and pays you back but it's been months. Looking at his history it looked like he was a legitimate user prior which sucks.

Thanks for your support. Though the amount is not small but the account if the user was more valuable as the user could earn a lot than the defaulted loan amount from the defaulted account.

He has been on the website for 8 years now or almost, and considering his past repayments including a previous $1000 repayment I feel like he wasn't originally intending to scam and I feel like he is in a genuine life situation. I would try to get him to talk about it more and provide proof so we can ensure that he's not lying at the very least, I don't like how hes ignoring you though one bit.

[shasan]

Sometimes, it really f*ucks up to see people ruin their accounts this way.

The campaign in which the loan defaulter participated in actually is one of best signature campaigns in Bitcointalk. With that campaign and his rank, it takes about 3 months with actively posting to get $1000 and more, enough to have a full loan repayment.

Sorry for your loss, assume it's a loss, shasan.

You are right and the campaign on which the user was still active. So, there was no chance to earn less than 100$ per week. I can't imagine a healthy-minded person can act like Edwardard did.

[The Sceptical Chymist]

You are right and the campaign on which the user was still active. So, there was no chance to earn less than 100$ per week. I can't imagine a healthy-minded person can act like Edwardard did.

You think it was some kind of exit scam, where Edwardard just got tired of being here and decided to wind up his bitcointalk "career" by stealing from you on his way out?  Assuming you don't hear from him, that's what it looks like to me and it's unfortunate--I recall when he was managing at least one campaign at any given time, and I remember thinking it was odd that he'd started participating in campaigns rather than managing them.  

Either way, sorry for your loss.  $1000 is a lot to lose to a scammer no matter how much money you've got (and I don't have a clue as to your level of wealth, I'm just saying).

Edit:

I had also thought that the user was in serious condition due to a family issue. But if I am correct then the user might have response/contact me while the user came online but I have no response after several tryings.

That might explain the need for money all at once instead of having to earn it over time through a sig campaign.  Still, with bitcoin being as high as it is and perhaps headed higher....I don't know, I don't understand the thought process of people who pull shit like this.  I guess there's still a chance he'll get in touch with you, no matter how slim it seems, and I hope he does.

[shasan]

He has been on the website for 8 years now or almost, and considering his past repayments including a previous $1000 repayment I feel like he wasn't originally intending to scam and I feel like he is in a genuine life situation. I would try to get him to talk about it more and provide proof so we can ensure that he's not lying at the very least, I don't like how hes ignoring you though one bit.

I had also thought that the user was in serious condition due to a family issue. But if I am correct then the user might have response/contact me while the user came online but I have no response after several tryings.

[electronicash]

you must have the highest tolerance for scammers to wait 5 months before creating this thread. your patience is mother teresa level. he didn't offer collateral and then its a big amount for someone to send.

because he went online and knew that red trust you gave yet no communication still, youre right to think he isn't coming back to pay for it.  its already in his mind since he couldn't restore his account to remove the negative trust.

[digaran]

you must have the highest tolerance for scammers to wait 5 months before creating this thread. your patience is mother teresa level. he didn't offer collateral and then its a big amount for someone to send.

because he went online and knew that red trust you gave yet no communication still, youre right to think he isn't coming back to pay for it.  its already in his mind since he couldn't restore his account to remove the negative trust.

I could imagine why he is not interested to talk about it, imagine being late for almost 150 days with an interest rate of 1% percent per day, that would be $1500 just as interest and on top of that $1000 original loan. It is not a joke when they say usury brings nothing but misery and fire to the lives of both side, I mean there is not a single person in the history that could claim they have found happiness, health and wealth by usury, it always ends bad. Not to mention God says usury is equal to fire in life and there after.

Having to pay such high interest rates, discourages anyone, but nevertheless they were fully aware what they were doing, so it's on them as well.
It's best to trust God and help those in need by lending money with 0 interest, when God says that he will return much more than you lend others back to you one way or the other, you just have to trust him enough, you know.

[Apocollapse]

It's best to trust God and help those in need by lending money with 0 interest, when God says that he will return much more than you lend others back to you one way or the other, you just have to trust him enough, you know.

Man... I don't think it's good to bring religion in this discussion. It's up to the lender if he want to lend with interest or not, even @OP lend with interest, I'm not sure if he's really make money from this service as there were many users scam him before.

Even banks also ask interest and they're more aggressive when the borrower can't pay his loan.

[sujonali1819]

Sad to hear an Old + Hero ranked member defaulted the loan. Back in the day (during 2017-2018), Edwardard was one of the trusted managers. I really can not believe he defaulted on the loan. Sometimes it may delay to collection of the funds for the payment but he should continue the discussion with the OP to make everything clear. But he did not.

Meanwhile, I am tagging him until this case is fixed. I assume he will think about his account and reputation and come back to solve it.

[yahoo62278]

Not going to tag the user as it looks like 4 have already done that, but I did support the flag. @Shasan 5 months without talking or any sort of communication? You need to tighten up your rules maybe.

[TheUltraElite]

I have supported the flag.

I guess things are not fine with @Edwardard family. I remember they managed campaigns previously and seeing the inactivity on the forum it is evident they were unable to gather the money from campaign and pay the loan back.

Praying for the remote possibility that they are able to solve these issues and come back clean to the forum.

[stompix]

You are right and the campaign on which the user was still active. So, there was no chance to earn less than 100$ per week. I can't imagine a healthy-minded person can act like Edwardard did.

His activity looks weird, even before he asked you for a loan, he wasn't making a maximum of his income through that signature, he had periods when barely posted so if he really would have needed that money he would have got them just from the signature even without taking the loan.
The family issue thing doesn't hold water, you're not throwing away a source of income when you're in debt over family issues, so it's either that he lost the money and thought it was not worth it anymore to work for 3 months to pay it back and decided he had enough!

But seriously, you should really limit the sums you're giving away with no collateral, or at least make a deal with them and the managers to receive at least 50% of their weekly payouts, one of these things and you're what, two-three months in red?