Worst BTCJam posting ever

[8668]

Does this look like possibly the most obvious scam on BTCJam ever?

https://btcjam.com/listings/377

#1 If you are getting gold that cheap its because its stolen

#2 the Borrower is the only person who has rated most of his investors (SHELL ACCOUNTS???)

#3 2.2% for such a large principal seems like just the right amount to pull in investors and low enough so that if he IS partially funding his loan with his own shell accounts, he wont be losing more than he can potentially steal from unwitting investors.

[ercolinux]

Does this look like possibly the most obvious scam on BTCJam ever?

https://btcjam.com/listings/377

#1 If you are getting gold that cheap its because its stolen

#2 the Borrower is the only person who has rated most of his investors (SHELL ACCOUNTS???)

#3 2.2% for such a large principal seems like just the right amount to pull in investors and low enough so that if he IS partially funding his loan with his own shell accounts, he wont be losing more than he can potentially steal from unwitting investors.

I don't know that guy, and I don't know from where he comes, but here in Italy if you want to sell "used" gold in specialized shops they pay you 38-40€/gr, and spot price is 43.5€ so is possible that that guy pay gold bars made from that used gold 44€/gr.

Point #2 is fishy indeed: take in account that with less than 4 point is not possible to rate a user too

[J-Norm]

#1 If you are getting gold that cheap its because its stolen

Even theives don't discount gold much, they know that once they melt it that it is no longer stolen.

[odolvlobo]

I'm not saying that it is not a scam, but #1 is legitimate -- gold spot is about 43 euros / gram. And 1 gram "bars" are not unusual.