Scam Report: Projects

[BCB]

BCB,

I live in Wisconsin, USA.

I've got enough preliminary information that I intend to file a fraud report today.

Where I see a UK-based person being far more effective is in attempts to actually locate the individual, perhaps be a resource to answer recurrent questions by the police, should they take the case, etc.

Someone in the last day mentioned a Florida address.  We don't know whether that information was part of the long con, or if he got in over his head, and shared some incriminating evidence about his escape plan.

If anyone has specific addresses, phone numbers, etc that are US-based, that may be a chaseable trail that I can provide to the authorities when I complete that form later today.

You should definitely file a complaint or report with your local authorities, unfortunately the police will probably say it is a "civil" matter and may refer you to a civil court.  It's too large for small claims so you would have to retain a lawyer.

[Chainsaw]

Thanks, BCB.

I don't really want to rack up thousands in legal fees to chase money I probably won't get back anyway - I'm more interested in seeing the guy go to jail.
I'm sure that when people see "201.7 BTC" they assume I'm stinkin' rich. The reality is, I just bought in early, I've never cashed out any of my Bitcoin holdings, so thousands of dollars at this stage would still seriously impact my already-in-deficit budget.

I should at the very least explore the path, see what kind of costs are involved.  I'll think more on this over the weekend. I'll probably take this advice once I have a clearer head.

Truly - thanks to everyone for the advice and information. It's next to impossible to define and move forward on a path when you can't think straight.

[Teka]

Maybe someone should make a self moderated thread that will allow us to find out the total  amount scammed by Projects.

Date |  Amount Scammed (BTC) |   Worth $ at the time of Scam |   Description (e.g Item Sold, Loan Terms etc)

[gingpark]

Thanks everyone here for the work being put into for this matter as I have lost as previously post majority of my btc which I bought when there were very high impossible for me to get them now was trying to get those KnC as I am a starting engineer and want learn more about now the 28nm ASIC and Bitcoin as it continues to grow rapidly now pretty much at a lost on how I could possibly start all over.

Since buying the bitcoins is way out of budget and based on the other forum pages loans require litecoin or some sort of collateral and especially with this scam it probably be hard to get any by other means but if there is any chance I know this might be the worst place to ask but if anyone knows any secure method especially with the current trust issue or possible able to create such a method please let me know I would like to see the options that may be around and help out in any way to prevent this from happening to others since any more scam/fraud would probably give me a heart attack since at the moment going through the depression and never knew how hard it was to get my head around again .

So overall really hoping this scam concludes in a good way so that in the future there will be no more victims as it is life crushing. Thanks again to all the efforts put into it I hope it turns out for the best of everyone and if there is anything I can also do to help please let me know I am based in Los Angeles CA.

[ubettercall]

Which airport would be the closest to his address?

[josg21]

I was scammed by him too this month. Paid for 4 Jupiters. I did not understand why the tracking numbers were registering as being sent by "boat", I guess I now know.

Count me in. I want to see this POS come to justice.

I run a few national companies, as such I have my own legal team. Let me know how I can help.

[BCB]

I was scammed by him too this month. Paid for 4 Jupiters. I did not understand why the tracking numbers were registering as being sent by "boat", I guess I now know.

Count me in. I want to see this POS come to justice.

I run a few national companies, as such I have my own legal team. Let me know how I can help.

Where are you located.

[runam0k]

Maybe someone should make a self moderated thread that will allow us to find out the total  amount scammed by Projects.

Date |  Amount Scammed (BTC) |   Worth $ at the time of Scam |   Description (e.g Item Sold, Loan Terms etc)

Someone needs to collate this information. I suggest everyone PM their failed transactions/amount owed to whoever volunteers to collate it. Someone step up and volunteer or else these things tend to drag on.

[Pistachio]

Maybe someone should make a self moderated thread that will allow us to find out the total  amount scammed by Projects.

Date |  Amount Scammed (BTC) |   Worth $ at the time of Scam |   Description (e.g Item Sold, Loan Terms etc)

Someone needs to collate this information. I suggest everyone PM their failed transactions/amount owed to whoever volunteers to collate it. Someone step up and volunteer or else these things tend to drag on.

+1

I think there are a lot more of us.

[gingpark]

Maybe someone should make a self moderated thread that will allow us to find out the total  amount scammed by Projects.

Date |  Amount Scammed (BTC) |   Worth $ at the time of Scam |   Description (e.g Item Sold, Loan Terms etc)

Someone needs to collate this information. I suggest everyone PM their failed transactions/amount owed to whoever volunteers to collate it. Someone step up and volunteer or else these things tend to drag on.

+1

I think there are a lot more of us.

I will like to start this , but not as familiar with the how to get it looked all organized using the forum but with some help I can start the post.

[Teka]

Maybe someone should make a self moderated thread that will allow us to find out the total  amount scammed by Projects.

Date |  Amount Scammed (BTC) |   Worth $ at the time of Scam |   Description (e.g Item Sold, Loan Terms etc)

Someone needs to collate this information. I suggest everyone PM their failed transactions/amount owed to whoever volunteers to collate it. Someone step up and volunteer or else these things tend to drag on.

+1

I think there are a lot more of us.

I will like to start this , but not as familiar with the how to get it looked all organized using the forum but with some help I can start the post.

Start a new post that outlines the info you are looking for and tells everyone to pm you. Create a Google spreadsheet (make it public) with the table headings that I suggested. After you get a pm from a victim of Projects, input the data into the document along with the username (unless that person wants to stay anonymous). If you need any help pm me although I would like to state that I was not scammed by Projects and have never talked to him.

[gingpark]

i will get started on it if no one else does tonight once i get home from work so i can focus on it and yeah if i run into anything i don't know will send a pm thanks for the help.

[gingpark]

which subforum should I post the new thread? should it be in this Scam Accusation ?

[Holdaaja]

which subforum should I post the new thread? should it be in this Scam Accusation ?

I think Scam Accusation is right place.

[ffssixtynine]

Which airport would be the closest to his address?

Turning up at an address should not even be worth considering unless he has agreed to meet you. You don't know if it will be the right person and you put yourself at risk in multiple ways.

This is one for the police first, then lawyers if necessary.

I would say enough of you have been scammed to be able to put together a few btc for a lawyer and then a barrister -if- it becomes necessary and worthwhile, ie the money still exists and the CPS don't do what is required. This is beyond my legal knowledge unfortunately.

My suspicion is that projects ran up debts through gambling or bad trades, perhaps to bad people hence the recent rush for money.

[dopey]

Sorry to heat about this, sadly chances are not very good that the money will ever be recovered. I wish you all the best of luck.

[mpattison]

Wow.

Did I dodge a bullet here, or what?  Was about to buy some upgrade modules off him & also use him for an escrow.
My gut didn't tell me not to do it, my wife suggested that I take a break from computers.

Saved me probably about $30,000... -shakes head-
Such a shame.

[wachtwoord]

Wow.

Did I dodge a bullet here, or what?  Was about to buy some upgrade modules off him & also use him for an escrow.
My gut didn't tell me not to do it, my wife suggested that I take a break from computers.

Saved me probably about $30,000... -shakes head-
Such a shame.

I'm glad you were saved from this.

Go do something nice for your wife

[BCB]

That is exactly what this scam form is for, as difficult and embarrassing as it may be to admit you've been scammed (it happens to everyone at some point).

Hopefully the action the victims are collectively taking will be worth the effort.

Just my 2c I don't think the most scammers don't think they won't get caught.  They just get into a desperate situation, caused by drugs or alcohol or financial desperation that causes them to cross the line.  They get in to a "buy now pay later" sort of mentality, sort of like a gambler on a massive loosing streak hoping that the next payout will be a jackpot and he'll be able to get back to break even.  And we all know how that usually turns out.

I recently watched a boring but somewhat interesting documentary called "Unraveled" about Marc Dreier who was convicted of investment fraud using a ponzi scheme to sell $700M USD in promissory notes.  In it Dreier is remarkably candid about what he did and why he did it.  It is an interesting character study.

I'm in no way defending Projects or other scammers.  Just curious as to what makes them do what they do.  I personally don't understand it.

[mpattison]

I should add that in Projects' PMs to me, he stated he was in the EU.