Bitcoin Forum

I've got scammed by (BTC_ZEN@yahoo.com) on LocalBitcoin, I wanted to cash out an old debt

from a friend via Paypal my cash cards due to the fact that I don't have a Paypal account.

The user (BTC_ZEN) told me that we should do the transaction off the LocalBitcoin website

if I want to receive other currency than Bitcoin as payment. I send him 5 codes of $500,

after he came up with a stupid story that one of the cards was refunded in the meantime..

he told me that he can't pay me because he opened the transaction for $2,500 and he can't

cash out only $2,000 to give me my share. So the idea was to send him another $500 loaded

on a Paypal my cash card. I went myself to a Walgreen's retailer and bought a $500 Paypal

my cash card thinking not to lose the other $2,000. I sent him the last code of $500 and

that was the last time I've herd from him. So this is how I've got ripped of a total of

$3,000. I've announced authorities and PayPal and they are investigating this. I just

posted this so no one else will trust him and get ripped of his money.

This most likely belongs in the Scam Accusations section of the forum.
I'm very sorry for your lose and thank you for bringing it to the attention of the community.

Whenever dealing with Paypal there are heavy implications and dangers to both parties.

I've got scammed by (NewBtc1@yahoo.com) on LocalBitcoin, I wanted to cash out an old debt

from a friend via Paypal my cash cards due to the fact that I don't have a Paypal account.

The user (NewBtc1) told me that we should do the transaction off the LocalBitcoin website

if I want to receive other currency than Bitcoin as payment. I send him 5 codes of $500,

after he came up with a stupid story that one of the cards was refunded in the meantime..

he told me that he can't pay me because he opened the transaction for $2,500 and he can't

cash out only $2,000 to give me my share. So the idea was to send him another $500 loaded

on a Paypal my cash card. I went myself to a Walgreen's retailer and bought a $500 Paypal

my cash card thinking not to lose the other $2,000. I sent him the last code of $500 and

that was the last time I've herd from him. So this is how I've got ripped of a total of

$3,000. I've announced authorities and PayPal and they are investigating this. I just

posted this so no one else will trust him and get ripped of his money.

So you're trying to say that the exact same thing happened twice or are you trying to say that this is the same user?

You're confusing me and probably many others now.. Please explain what you mean because now this just looks like Spam, in the wrong section.

Then you contact to Localbitcoin customer support with valid proofs and snapshots i think they can help according to proofs provided by you. Check with the customer support.

He didn't do it through localbitcoins, so they can't help him at all.

So you dealt with a person on the internet with whom you haven't ever dealt before and traded off the LBC site which means there were no escrow involved and you trusted him to send him $3000 worth of codes? Why?

It didn't even cross your mind before that this person might just run away with the money?

So op got scammed twice from 2 different users?
Im really sorry for you :( especially considering the high amount of money you're dealing with

Next time only trade with trusted user on LBTC
Also, isn't that lbtc had an escrow or something on their website ?

Yep we do, it appears this occurred outside of escrow however we've received no report yet to support about this scam so it's a little unclear what's actually happened.

Did you tried to contact OP ?
OP explanation is pretty blurry here, there's many thing that is wrong on so many level

Don't know if OP gonna online and check this topic again or he just gonna run away after making this scam accusation

Do you have any proof that you actually making a stolen report to paypal ?
Just my suspicion that's all ::)

How can you deal out of escrow on lbc ? It auto funds the escrow with btc when a trade is initiated.

When he/she posted the second story i start having huge doubts about this whole story.
For me until (s)he gives a proof i cannot believe such story.
How a person could be scammed and do the same steps twice!

I think OP and the trader is having a little nice conversation and made a deal to make a transaction outside the lbc escrow service ::)
Which is pretty dumb  :P
The website already giving an escrow service yet OP chose to make a deal without it

Agree, i was skeptical about this whole scammed story until OP can give us a proof
Maybe a proof that he made a report to paypal should be enough ;)
Until that, i have a feeling that this whole story was made to give a bad rep to lbc ::)

Then no use complaining here ... seems like he asked for it  ;)