Onewiseguy from loanbase.com in default of ~88.43 BTC of loans

[Quickseller]

loanbase user onewiseguy appears to be in default of the following loans:
"10 getting things sorted out" - 10BTC
"expand some loan" - 35BTC
"11 day trading and lbc." - ~11BTC
"trading loan" - 17BTC
"I7 resell loan" - ~10.43BTC (remaining principle)
Total: 88.43BTC

This person has an identical bitcointalk handle as onewiseguy - bitcointalk. There is a Local Bitcoin account with the handle carlidoskar that is linked to the loanbase account. The onewiseguy-bitcointalk account has posted (archive) a referral link with a similar handle in November 2014. The oldest defaulted loan is from August 2014, and the LBC handle is ~21 months old which leads me to believe that they are likely the same person.

[1714972270]

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[1714972270]

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[1714972270]

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[1714972270]

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[Brad Harrison]

http://www.shamelist.it/Debtor/CarlosCardenas

[MTBTT]

It's interesting that this thread haven't caught much attention and onewiseguy is still active and online posting right now...

He's only got 1 negative feedback... With 1 positive which makes his total trust score a modest -1.

[EcuaMobi]

It's interesting that this thread haven't caught much attention and onewiseguy is still active and online posting right now...

He's only got 1 negative feedback... With 1 positive which makes his total trust score a modest -1.

The evidence is quite strong. It's far beyond a coincidence. And the fact he hasn't posted anything here even after QS and I left negative trust on his profile linking here several months ago confirms it's the same person.

Thank you MTBTT for reminding other DT members to act:
https://bitcointalk.org/index.php?action=profile;u=360009

[suchmoon]

Is this the same person?

https://btcjam.com/users/10429

[Quickseller]

Is this the same person?

https://btcjam.com/users/10429

He has the same handle and the same avatar, and he defaulted on a large loan around the same time as the loanbase loans so I would say there is a decent chance it is the same person.

I also caught him trying to take out a 2BTC loan with collateral that he was trying to sell for ~1BTC earlier this year, and not long before that he was trying to take out a $5,000 loan with (worthless) faucets as collateral. I eventually removed my negative trust that I left against him because of several months of "good behavior"

He was also dox'ed in this thread because one of his instagram accounts was tied to morality bitcoin (I believe this was a false connection), although the dox was taken down after onewiseguy was able to speak to the person who put up his dox. Theymos/BadBear should have access to deleted posts in that thread as well as the edits to the posts in that thread. The dox was from an instagram account that appears to have since been taken down, although IIRC the dox checked out.

The above may address the fact that someone posted on one of his btcjam listings that fake information was used for one of the btcjam loans

[suchmoon]

I'm amazed how many deadbeat Facebook "friends" he has endorsing him on BTCJam. From all over the world, Brazil, Russia, you name it. eBay account doesn't exist anymore. Looks like a very well executed long con with a bunch of purchased accounts so I would be very surprised if he's really "Carlos" and if there is a credible dox on him.

[Quickseller]

I'm amazed how many deadbeat Facebook "friends" he has endorsing him on BTCJam. From all over the world, Brazil, Russia, you name it. eBay account doesn't exist anymore. Looks like a very well executed long con with a bunch of purchased accounts so I would be very surprised if he's really "Carlos" and if there is a credible dox on him.

IIRC, the instagram account had posts that were several years old that linked him to being named "Carlos" and he apparently was made aware when the person who previously dox'ed him contacted his wife -- maybe onewiseguy was able to use some of that stolen/defaulted BTC to pay off the person who dox'ed him-- so the fake dox may not be as certain.

It is possible that the person who posted that the fake information was used is either an alt or a close friend/family member of onewiseguy and was trying to get other investors to not go after him.

Do you have any evidence that any of his accounts were "purchased"?

[eddie13]

WOW...

That's one heck of a scam... Master scammer..

[suchmoon]

Do you have any evidence that any of his accounts were "purchased"?

I do not. This is just my thought along the lines of "if I were to run away with 150+ BTC of loans would I really put my real eBay account and real Facebook friends out there".

That and the amazing coincidence of multiple deadbeat borrowers among said "friends"... again, matches my imaginary scenario where if I spent money on a network of fake accounts I would probably make mutual endorsements and borrow to the max on each account for the best ROI on the "investment".

Do you not trust my "think like a scammer" logic

Of course there is always a possibility that he was dumb enough to use his real info... wouldn't be the first dumb scammer but the pattern of these loans shows a decent amount of effort so not sure it's that simple.

[subSTRATA]

Do you have any evidence that any of his accounts were "purchased"?

I do not. This is just my thought along the lines of "if I were to run away with 150+ BTC of loans would I really put my real eBay account and real Facebook friends out there".

That and the amazing coincidence of multiple deadbeat borrowers among said "friends"... again, matches my imaginary scenario where if I spent money on a network of fake accounts I would probably make mutual endorsements and borrow to the max on each account for the best ROI on the "investment".

Do you not trust my "think like a scammer" logic

Of course there is always a possibility that he was dumb enough to use his real info... wouldn't be the first dumb scammer but the pattern of these loans shows a decent amount of effort so not sure it's that simple.

with the extent of the setup used in this scam, i really have a hard time believing he used his real info on any of these accounts. if anything, i think its more likely that he purchased all of those accounts (ebay, paypal, facebook, etc, all verified of course) over in the digital goods section, seeing as those types of accounts are regularly up for sale here.

[MyBTT]

Still on default, all of the loans.

88 BTC is a really big amount by anyone's standard. It proves that p2p loaning isn't the best investment option out there.

[Dogedigital]

Whoa.  I have no idea how I missed this before.

I cut off ties with him after I bought a website from him that he was supposed to manage and write for.  He ended up just copying articles and never returned my bitcoin. 

[MTBTT]

It's interesting that this thread haven't caught much attention and onewiseguy is still active and online posting right now...

He's only got 1 negative feedback... With 1 positive which makes his total trust score a modest -1.

The evidence is quite strong. It's far beyond a coincidence. And the fact he hasn't posted anything here even after QS and I left negative trust on his profile linking here several months ago confirms it's the same person.

Thank you MTBTT for reminding other DT members to act:
https://bitcointalk.org/index.php?action=profile;u=360009

No problem.

Whoa.  I have no idea how I missed this before.

I cut off ties with him after I bought a website from him that he was supposed to manage and write for.  He ended up just copying articles and never returned my bitcoin. 

I see you've still got positive feedback for that scammer. Better remove it before it becomes misleading for others.

And now you've got his dox, go and sue him

[Quickseller]

Do you have any evidence that any of his accounts were "purchased"?

I do not. This is just my thought along the lines of "if I were to run away with 150+ BTC of loans would I really put my real eBay account and real Facebook friends out there".

That and the amazing coincidence of multiple deadbeat borrowers among said "friends"... again, matches my imaginary scenario where if I spent money on a network of fake accounts I would probably make mutual endorsements and borrow to the max on each account for the best ROI on the "investment".

Do you not trust my "think like a scammer" logic

Of course there is always a possibility that he was dumb enough to use his real info... wouldn't be the first dumb scammer but the pattern of these loans shows a decent amount of effort so not sure it's that simple.

Well 150BTC is roughly $42,000 at $250/BTC which is a non-trivial amount, especially if he was facing major financial problems like foreclosure.

It is fairly well known that a credit card company will not sue you for less then several thousand dollars worth of defaulted debt, and they are able to do that because they have economies of scale for those kinds of lawsuits. The threshold for someone who only owns a handful of loans is going to be much higher for it to be economical to pursue litigation, plus if you pursue litigation and the borrower lacks any kind of assets/income to pay a judgment then the lender will have spent however much money to end up with nothing. Also many creditors are not going to have sufficient knowledge of the law to comply with the FDCPA, and when such creditors do not comply, then the borrower can make counter claims as such which would create potential liabilities for the lenders.

I would encourage anyone who owns this person's debt to pursue legal action, however I doubt that very much money will be collected, if anything, likely mostly due to most people not attempting to collect via the legal system.

The likes of BTCjam are filled with scammers because it is difficult for people to through up legitimate red flags, because things like reputation loans are somewhat encouraged, it is difficult to communicate in a way that it would be expected that many people will see such communication, among other reasons.

Sites like prosper can pursue legal action against delinquent borrowers on behalf of all lenders, which makes collection much more cost efficient, and will lead to both high collection rates and a higher chance of collection being attempted in the first place which discourages borrowers from defaulting while they have the ability to pay.

Most large companies have policies against looking on social media and relying on google searches to influence hiring decisions because of the potential for inaccuracies, although they can (and do) use credit reports if the position they are hiring for requires some amount of trust due to the position needing to be in possession/control of some amount of money (cash or otherwise). Defaulting on ~$40k worth of BTCjam/loanbase loans is little different then defaulting on a total of ~$40k worth of credit card loans from several credit card companies.

(in case you have not noticed, I would discourage you from "investing" in BTCjam type loans)

[The Sceptical Chymist]

Holy crap, those are huge amounts.  It never ceases to amaze me how many users here turn out to be scammers, even ones you think are legit.  Ah well.

[onewiseguy]

Hello, Yes there is more to this story than just what is being told by angry people.

Its a loan for a Business things happened in 2014 that where out of ones hands and well it fell threw.   Folk that are not able to complete the loan (pay) are labeled scammers really?   

BTCjam and loan base where labeled as investment platforms. P2P if you will. sites such as prosper can go to a collection route or even sue but as legitimate as it can. this is the same thing like btcjam and loan base. labeling me a scammer for borrowing btc  and not able to pay at t he moment is like labeling a borrower borrowing USD and not able to pay his car loan. 


intentions where legitimate for borrowing the investment funds. things turned sore in 2014 and nothing and no one helped meaning ( BTCjam) I lent 25 BTC to some one that was  a scammer used fake docs and btcjam would not help. so thats when it fell down hill. 

[Mickeyb]

Hello, Yes there is more to this story than just what is being told by angry people.

Its a loan for a Business things happened in 2014 that where out of ones hands and well it fell threw.   Folk that are not able to complete the loan (pay) are labeled scammers really?   

BTCjam and loan base where labeled as investment platforms. P2P if you will. sites such as prosper can go to a collection route or even sue but as legitimate as it can. this is the same thing like btcjam and loan base. labeling me a scammer for borrowing btc  and not able to pay at t he moment is like labeling a borrower borrowing USD and not able to pay his car loan. 


intentions where legitimate for borrowing the investment funds. things turned sore in 2014 and nothing and no one helped meaning ( BTCjam) I lent 25 BTC to some one that was  a scammer used fake docs and btcjam would not help. so thats when it fell down hill. 

You promised a return on the amount of BTC you were taking, and you didn't return it. In other words you ripped users of their BTCs, it doesn't matter what you did with it or how it got lost , it was your 'duty' .

Negative rating is totally valid

[rezilient]

Hello, Yes there is more to this story than just what is being told by angry people.

Its a loan for a Business things happened in 2014 that where out of ones hands and well it fell threw.   Folk that are not able to complete the loan (pay) are labeled scammers really?   

BTCjam and loan base where labeled as investment platforms. P2P if you will. sites such as prosper can go to a collection route or even sue but as legitimate as it can. this is the same thing like btcjam and loan base. labeling me a scammer for borrowing btc  and not able to pay at t he moment is like labeling a borrower borrowing USD and not able to pay his car loan. 


intentions where legitimate for borrowing the investment funds. things turned sore in 2014 and nothing and no one helped meaning ( BTCjam) I lent 25 BTC to some one that was  a scammer used fake docs and btcjam would not help. so thats when it fell down hill. 

STFU scumbag, you scammed people.

[onewiseguy]

Hello, Yes there is more to this story than just what is being told by angry people.

Its a loan for a Business things happened in 2014 that where out of ones hands and well it fell threw.   Folk that are not able to complete the loan (pay) are labeled scammers really?   

BTCjam and loan base where labeled as investment platforms. P2P if you will. sites such as prosper can go to a collection route or even sue but as legitimate as it can. this is the same thing like btcjam and loan base. labeling me a scammer for borrowing btc  and not able to pay at t he moment is like labeling a borrower borrowing USD and not able to pay his car loan. 


intentions where legitimate for borrowing the investment funds. things turned sore in 2014 and nothing and no one helped meaning ( BTCjam) I lent 25 BTC to some one that was  a scammer used fake docs and btcjam would not help. so thats when it fell down hill. 

STFU scumbag, you scammed people.

Yea it might seem so, but I really don't care about your opinion. But again I am going to pay back just taking some time.