elmanchez exit scam, loan default

[TalkStar]

Most probably last month someone gave me a PM and told me that he got scammed by "elmanchez" but due to lack of time i advised him to keep patience and follow community users guidelines. At that time he sent me his thread link which was opened against "elmanchez". Although case was solved and the user get agree with others who replied on his thread. At last he defaulted loan and its really expected to see someone turned into scammer from regular loan borrower.  

Flag supported and tagged from my end.

Most of the time you can see who is genuinely engaged in trading and who is only building up reputation.

Yeah you are right.Its the way by which some users build their reputation and keep taking loans from lenders. I am not saying that everyone who are taking loans regularly have similar plans to default the loan after getting a big amount but most loan defaulters built the trust level first and run away with some good amount.  

[Railai]

Great. He fooled me in sending 0.006 btc a few months ago. Aswell with other western union I have sent when hr had nowhere to stay .

[cheezcarls]

The last time I had a convo with this guy is way back early this year. At first, he was asking me to lend him some BTC (because I won a contest that day). Instead of lending, I donated it instead as my heartfelt gesture.

Then he likes to make a free logo for me, and I said okay. However, he didn't fulfill it after days of waiting, so I didn't mind though. That's the last time I talked to him and nothing more.

At first, I thought he was a good guy because of his good trust record without any problem at all (that was back then). But now it seems he finally unleashed his dark side and decides to become the bad guy. Sorry for those who were exit scammed by him.

[NotATether]

Now it's clear to me that we should not trust people who ask for several loans in quick succession. An honest person would ask once or twice, and if rejected, go about their day.

Sorry about the jokes, @DireWolfM14 this no collateral lending business is very risky now a days. I hope you move on and find few good clients to recover your lose in the business.

The problem with doing that is it will take a long time to accumulate the lost money back by giving and repaying loans because of the small commission fee earned. It's a large amount of money he has to earn back and he already lost close to 0.4BTC from this and theyoungmillionare defaults.

[Timelord2067]

I've just come across this thread and I'm sorry if this has already been asked: Why did you give elmanchez DT the same week they took out this loan with you?

What happened::

On June 2, 2020 I gave elmanchez a loan for 0.3 ETH.
On June 3, 2020 I gave him another loan for 0.043 BTC.

https://loyce.club/trust/2020-06-06_Sat_05.05h/2003859.html
https://loyce.club/trust/2020-06-06_Sat_05.05h/2553198.html

Trust list for: elmanchez (Trust: +3 / =3 / -0) (122 Merit earned) (Trust list) (BPIP) (created 2020-06-06_Sat_05.05h)
Back to index

elmanchez's judgement is Trusted by:
1. peloso (Trust: +2 / =3 / -3) (DT1 (-9) 164 Merit earned) (Trust list) (BPIP)
2. cheezcarls (Trust: neutral) (86 Merit earned) (Trust list) (BPIP)
3. NEW DireWolfM14 (Trust: +18 / =1 / -0) (1724 Merit earned) (Trust list) (BPIP)
4. windice (Trust: neutral) (4 Merit earned) (Trust list) (BPIP)

Flag supported & negative trust feedback given.


See also: https://bitcointalk.org/index.php?topic=5207013.0

[cheezcarls]

I've just come across this thread and I'm sorry if this has already been asked: Why did you give elmanchez DT the same week they took out this loan with you?

What happened::

On June 2, 2020 I gave elmanchez a loan for 0.3 ETH.
On June 3, 2020 I gave him another loan for 0.043 BTC.

https://loyce.club/trust/2020-06-06_Sat_05.05h/2003859.html
https://loyce.club/trust/2020-06-06_Sat_05.05h/2553198.html

Trust list for: elmanchez (Trust: +3 / =3 / -0) (122 Merit earned) (Trust list) (BPIP) (created 2020-06-06_Sat_05.05h)
Back to index

elmanchez's judgement is Trusted by:
1. peloso (Trust: +2 / =3 / -3) (DT1 (-9) 164 Merit earned) (Trust list) (BPIP)
2. cheezcarls (Trust: neutral) (86 Merit earned) (Trust list) (BPIP)
3. NEW DireWolfM14 (Trust: +18 / =1 / -0) (1724 Merit earned) (Trust list) (BPIP)
4. windice (Trust: neutral) (4 Merit earned) (Trust list) (BPIP)

Flag supported & negative trust feedback given.


See also: https://bitcointalk.org/index.php?topic=5207013.0

I recently removed elmanchez from my trust list now. I totally forgot to remove it earlier because I thought back then (just like what everyone thinks) he was a good guy with decent trust rating after I donated (instead of lending) some BTC to him as heartfelt gesture for him to “pay off” his loan or dues, until this elmanchez exit scam was posted.

As I remembered about my last conversation with elmanchez, he claims that he was from Russia (correct me if I’m wrong later on).

[Timelord2067]

I recently removed elmanchez from my trust list now. I totally forgot to remove it earlier because I thought back then (just like what everyone thinks) he was a good guy with decent trust rating after I donated (instead of lending) some BTC to him as heartfelt gesture for him to “pay off” his loan or dues, until this elmanchez exit scam was posted.

As I remembered about my last conversation with elmanchez, he claims that he was from Russia (correct me if I’m wrong later on).

I've just noticed that elmanchez very graciously added the text "away" to their profile before flying the coup:



Somehow I don't think they'll be back.

[aioc]

He is offering a banner and logo design I'm sure he will be back doing the same thing earning trust from his free offer then asking for loan when he already has a good trust rating this happen to those who default their loan.

[cheezcarls]

I recently removed elmanchez from my trust list now. I totally forgot to remove it earlier because I thought back then (just like what everyone thinks) he was a good guy with decent trust rating after I donated (instead of lending) some BTC to him as heartfelt gesture for him to “pay off” his loan or dues, until this elmanchez exit scam was posted.

As I remembered about my last conversation with elmanchez, he claims that he was from Russia (correct me if I’m wrong later on).

I've just noticed that elmanchez very graciously added the text "away" to their profile before flying the coup:



Somehow I don't think they'll be back.

He's gonna be back again without warning, this time with new identity or so to scam more people. I don't know when will that gonna happen, but I had a gut feeling that he's going to strike "silently".

Maybe right now, he is in brainstorming mode about new ideas to scam more people without easily getting caught. Internet's a big place man. He might use different IPs or so. If only we knew about his real identity, we should contact the local authorities to have him apprehended before he would scam more victims elsewhere.

He is offering a banner and logo design I'm sure he will be back doing the same thing earning trust from his free offer then asking for loan when he already has a good trust rating this happen to those who default their loan.

He even offered me the same thing because I donated some BTC to him back then last year, but didn't fulfill it until I was completely ignored.

I also remembered back then that he was "begging" me to merit some of his posts, but I didn't because it's not the right thing to do.

[cryptoaddictchie]

Who would forget this guy. He offered free design and in fact his the one who designed this avatar hat used by many BestChange Participants.

When I encountered him and asked for free logo and avatar he never attempt to ask for payment so I was shocked about his cases posted about scam. When I read couple of accusation to him at first I thought maybe its not true or he just got framed but unfortunately until this thread of OP came out then thats it. He really intentionally did this!

Sorry for your loss OP.  I do hope most lenders be strict to those who always applied for loan especially big amounts cause we never know when some guys only using reputation as bait to get huge fund then exit.

[logfiles]

<...>

Some scammers are so canning. They come up with ways of gaining trust from community members by offering free or legit services at first before pulling off an exit scam  or Loan defaulting. This kind of trend is becoming more and more common lately.

[Steamtyme]

Fuck me man, Sorry to see another one on your list.
This time though I actually have some info as I made a trade through PP with elmanchez not long before they made their exit. This is assuming the account isn't a fraud as well, it might be helpful. I'll check it out again and PM you the details.