btctock.com scam warning - THANK YOU for the warning

[jessebtc]

Hi all, wanted to thank JoelKatz and others for posting about btctock.com.  I have an order placed with him/them, and of course it makes total sense that it is all too good to be true - but I'm too enthused and trusting to just say "wait a minute this couldn't be anything except a baldfaced robbery".
I'm a newbie so I can't post where the thread is, which is here:
https://bitcointalk.org/index.php?topic=251390.0
He/they are allowing me to use paxum.com to pay instead of a bitcoin direct transfer (since I don't have any).  I asked about paypal and got:
"Paypal Normally do have issues with every bitcoin based business , they also have issues with us , they have started to ask to stop the bitcoin related services ."

I think I will ask about what escrow service they recommend I use once I have my paxum.com account ready (but unfunded) - I'll post the response.
J

[geofflosophy]

Hey,

I came across BTC Stock (btctock.com) through bitvisitor. Like you, I got too excited about the fact that they had items in stock to think about whether they were a scam or not. I placed an order with them for a 5 Ghash/s butterfly labs unit and paid via bitcoin today. They said that they will be shipping the unit within 24-48 hours, so I should know for sure whether they are a scam or not before long.

One encouraging sign: when I placed the order, they said that they had a quantity of 1 in stock, and after my order that immediately changed to "Out of stock." If they were scammers, you'd think they'd keep it in stock, no?

Product listing: http://btctock.com/?q=content/butterfly-5ghs-miner

Anyway, will update when I can.

Geoffrey

[wzh369]

BTC Stock said:07/16/2013   Dear Customer , Your Order has been shipped , Tracking Number is EB 123 456 789 US.

BUT on https://tools.usps.com:

Track & Confirm
You entered: EB123456789US
Delivery status information is not available for your item via this web site. A return receipt after mailing may be available through your local Post Office.

I sent some emails to them,but they have not replied yet.



BTC Stock (btctock.com) is a scammer?

[jessebtc]

In case anyone is still harboring hope: btctock.com is a scam.  Once again: btctock is a SCAM.  It is better you delete your bitcoins forever than to send them to this criminal, because otherwise you'll (and I have) continue to help him succeed as a career criminal.

His bitcoin payment address: 12qrJgcwAdAbShmqUvX2uxeWU2FZjY5AYq

I expect no action, but later today I will be contacting his hosting provider and the BBB of california, since he claims to be in the LA area.

I will answer any PM questions regarding btctock.com you have.  If you are also a victim of this criminal, and want to be informed of any info I get from authorities about it, let me know.

Jesse

[geofflosophy]

For good measure, I'll add that my payment address was 18YCYVtvUjXtVsdedn9iiykWHEk8AfdcHv. Might be better off going after them via their payment processor and advertisers.

[MyBestCoin]

Yep can confirm scam, thanks OP.

[bbit]

Yep can confirm scam, thanks OP.

Thanks!