Removal of escrow.ms? Update: Recommend users for DT 2, as escrow.ms is removed

[Joel_Jantsen]

I don't think he scammed anyone. He was dealing in cash with those guys that is the main problem. He most probably did not knew the source of funds buyer sending him and messed up.

Two words.... card cloning.

I know, but he is getting funds through hawala, so there is no way to know what is the source of funds.

Dude,do you know how hawala works or what is it ? Its the money transfer system used by Dawood Imbrahim,he gets commission for that.They move cash from point A to point B with all the risks and of course illegal trades.And if you read the article properly,the CLONED debit cards to get funds which was transferred via hawala.

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[deadley]

I don't think he scammed anyone. He was dealing in cash with those guys that is the main problem. He most probably did not knew the source of funds buyer sending him and messed up.

Two words.... card cloning.

I know, but he is getting funds through hawala, so there is no way to know what is the source of funds.

Dude,do you know how hawala works or what is it ? Its the money transfer system used by Dawood Imbrahim,he gets commission for that.They move cash from point A to point B with all the risks and of course illegal trades.And if you read the article properly,the CLONED debit cards to get funds which was transferred via hawala.

lol I know how hawala works, don't try to teach me. I know mostly time it's illegal but sometime it's fastest way to transfer cash from 1 city to another city. In India big business also use to transfer cash through those hawala guys.

[alani123]

Well who would have though, someone acting nice in an anonymous forum for a decentralized cryptocurrency was a crook in real life. Not this makes me wonder if he also was a crook before discovering bitcoin or if he became one after realizing the potential.

[Heutenamos]

So he took his commission and was helping the card cloner's get the stolen money into coins and spend as they like ? I don't think 120 Bitcoins were worth that much risks loll..

a crook before discovering bitcoin

maybe only crook's get into Bitcoin 

[erikalui]

^Escrow.ms had made deals in person. I remember him meeting up with users on the forum who were staying in his locality and having cash trades. Dealing with unknown people this way can be risky as they can be either frauds or con men. In this case the user was a fraud which made him land in trouble. I know he dint scam anyone but the cash which he received was by a fraudulent person.

[xetsr]

^Escrow.ms had made deals in person. I remember him meeting up with users on the forum who were staying in his locality and having cash trades. Dealing with unknown people this way can be risky as they can be either frauds or con men. In this case the user was a fraud which made him land in trouble. I know he dint scam anyone but the cash which he received was by a fraudulent person.

Sounds like he knew what was going on and proceeded anyway for a cut. See the quote below. I'm sure there is more to this story though.

"Bhardwaj revealed to us that Sheikh would procure data related to debit/credit cards through his sources," said DCP (crime) Bhisham Singh. "His associates would clone the cards and withdraw the money and send it to Delhi. Sheikh instructed Bhardwaj to transmit the money to Dubai through the bitcoin route."

[shorena]

^Escrow.ms had made deals in person. I remember him meeting up with users on the forum who were staying in his locality and having cash trades. Dealing with unknown people this way can be risky as they can be either frauds or con men. In this case the user was a fraud which made him land in trouble. I know he dint scam anyone but the cash which he received was by a fraudulent person.

You seriously need to read more carefully, before you come to someones defense that already confessed.

Bhardwaj has confessed to having sent Sheikh bitcoins equivalent to more than Rs 30 lakh in the past four-five months. The police also recovered cash totalling Rs 8 lakh from Bhardwaj's house.

[erikalui]

^OK. Just read this statement "Bhardwaj revealed to us that Sheikh would procure data related to debit/credit cards through his sources," said DCP (crime) Bhisham Singh. "His associates would clone the cards and withdraw the money and send it to Delhi. Sheikh instructed Bhardwaj to transmit the money to Dubai through the bitcoin route."

Means he's completely at fault here. I thought he was only dealing in person and was unaware of the debit card scam.

[Decoded]

This is what happens with bitcoin. A bitcoin user, highly trusted can be an illegal carder. Ty anonymity.


Wait... Does that mean bitcoin is illegal in India?

[kotwica666]

"Bhardwaj revealed to us that Sheikh would procure data related to debit/credit cards through his sources" said DCP (crime) Bhisham Singh.

If all this is true.. belive me, that his Bitcointalk accout, is his smallest problem now.

[ReckLess.6]

"Bhardwaj revealed to us that Sheikh would procure data related to debit/credit cards through his sources" said DCP (crime) Bhisham Singh.

If all this is true.. belive me, that his Bitcointalk accout, is his smallest problem now.

True. And though I dont like Pankaj, I really hope he comes out of this. I'm not much aware of Indian laws, but going by the news, it seems like he'll be trialed under terrorist financing laws, which will most likely be demonic.

[whywefight]

This is what happens with bitcoin. A bitcoin user, highly trusted can be an illegal carder. Ty anonymity.


Wait... Does that mean bitcoin is illegal in India?

latley i saw an ad from the "biggest exchange" in india. i tried to get some companys paid via bitpay but they refused it

[Quickseller]

Does anyone know how much (in USD and/or BTC) was involved in the alleged thefts? It appears the article in the OP uses some kind of abbreviation that makes it difficult to determine how much was stolen. (yes the article says that he admitted guilt, however news articles in the past have been incorrect).

I for one have excluded him from my trust network and have left him negative trust until at least everything can get sorted out, although if there is truth to the article in the OP both will remain. It probably wouldn't be a bad idea for him to get removed from DT1 for the time being, at least because he will likely not be active to manage his trust list (even if he is not guilty)

[tmfp]

Does anyone know how much (in USD and/or BTC) was involved in the alleged thefts? It appears the article in the OP uses some kind of abbreviation that makes it difficult to determine how much was stolen.

Bhardwaj has confessed to having sent Sheikh bitcoins equivalent to more than Rs 30 lakh in the past four-five months. The police also recovered cash totalling Rs 8 lakh from Bhardwaj's house.

A lakh is 100,000 Indian rupees, so Rs 8 lakh=800,000 is about $12,000, 30 lakh $45,000.

[minifrij]

...or considering his trust list mainly contains the people who are trustworthy at the moment, can his account be locked with an unchanged trust list?

I expect it can, however do we really want this? While he should be remembered as being a good contributor to the forums in the past, he admitted to fraud. I can't say I'm very fond of the idea of a fraudster being automatically trusted by the system.

What I think would be the best way to go on from here would be for existing DT1 members to look through his trust list and determine which users should still be in DT, then adding them to their own trust lists to keep them there. After this, I think that it would be best if escrow.ms was removed from DT completely along with any other inactive/incapable members of DT1. Having dead weight in the default trust list may seem easier now, however it will not further down the line should anything else happen.

Well if he does get removed from DT 1, another CITM is happening.

What do you mean by this?

[dogie]

Well if he does get removed from DT 1, another CITM is happening.

What do you mean by this?

tldr he was selling spaces into DT2 and refused to even consider reforming his ways: https://bitcointalk.org/index.php?topic=990074.0;all

[james.lent]

Well, wasn't expecting this. Had a few small deals in the past with escrow.ms . Seemed to be a nice guy. Is he currently holding any escrow amounts?

[dogie]

For reference the following accounts will get removed from DT2 if escrow.ms is removed from DT1 as they are solely trusted by him. I'd adopt some of them but I'm DT2 so won't make much difference.

Code:

        allinvain
        smooth
        SebastianJu
        Rassah
        Otoh
        Eisenhower34
        etotheipi
        icey
        shawshankinmate37927
        steelboy
        Chainsaw
        BladeRunner
        Dragooon
        Evilish
        Badman0316
        cyclops
        BitcoinAccepted
        bobtaj
        hedgy73
        instacash
        KCmining
        emkay47
        bithalo
        crowetic
        hodlmybtc
        snarlpill
        BenAnh
        Ejarwan

[minifrij]

tldr he was selling spaces into DT2 and refused to even consider reforming his ways: https://bitcointalk.org/index.php?topic=990074.0;all

I know what happened with him, however I do not see the relevance between him and removing escrow.ms from DT1.

[james.lent]

tldr he was selling spaces into DT2 and refused to even consider reforming his ways: https://bitcointalk.org/index.php?topic=990074.0;all

I know what happened with him, however I do not see the relevance between him and removing escrow.ms from DT1.

As he is arrested, it's clear that any further deals from the account will be from a hacker, or maybe the cops for all we know. So any ratings and feedback(as he's in dt1) would effect the users. Theymos should remove him from dt1 and lock his account as the likelihood of him returning to the forum is pretty slim to none.