Loan Default - asu u=519783

[DireWolfM14]

What happened::

On October 5th, 2019 I funded a loan to member asu for 0.3BTC.  Originally, the loan was to be repaired in six payments, and closed out in April 2020.  Asu made the first payment on time, in November of 2019.

In December of 2019 asu requested a an extension for his December payment.  I extended all open loans for one month, while giving my clients a month of free interest, including asu.  No payment was made by asu in December of 2019.  In January of 2020 asu made a payment, but could not make the full payment due.  He informed me that he would only be paying the interest due, but informed me that he would be back on schedule in February.  That was the last payment I received from asu.

In late February I gave asu an extension, and recalculated his loan with a reduced interest rate (retroactive, giving credit for interest already payed.)  In March I received another excuse, and no payment.

In April of 2020 I revised my lending policy due to the pandemic, and gave all my clients an open due date, but asked that they remain in communication with me.  I received no messages from asu between March 20, 2020 and July 22, 2020.  In July I sent him a message, to which he didn't respond.  The message was to ask about a promise to pay; at one point during our earlier discussions he claimed he would pay the loan in full in August.  I wrote to inform him that I expected him to comply.  After prodding him, he did respond, claiming he'll be able to pay 20-50% of the loan in August.  Not only did he not pay, but in late August the asu account stopped logging in, and removed his signature and his avatar.  I was convinced that he was exiting the forum without paying me back.

On October 8th, 2020, over a year after he took this loan, asu sent me this pm:

Hello DireWolfM14,

Can I ask for a bitcoin address to send some of my payment?

I’m really sorry for the delay as I’ve been working hard to pay all my debts. Please give me more time. I’m really really sorry.

Best Regards,
Asu

Again he promised to start making payments, committing to making a payment the first week of November.  Still nothing.  As it stands asu has not logged into the forum since November 4th.  Again I'm convinced that he has no intention of paying me back, and is only jerking me around to avoid being red-tagged and flagged.

Scammers Profile Link:

https://bitcointalk.org/index.php?action=profile;u=519783

Reference Link:

https://bitcointalk.org/index.php?topic=5132594.msg52665696#msg52665696
https://bitcointalk.org/index.php?topic=5132594.msg52665839#msg52665839
https://bitcointalk.org/index.php?topic=5132594.msg52989459#msg52989459
https://bitcointalk.org/index.php?topic=5132594.msg53534483#msg53534483
https://bitcointalk.org/index.php?topic=5132594.msg54153189#msg54153189

Amount Scammed:

0.2625BTC

Proof of Payment:

TxId: 1f208fbb5d9da2f02d4fd787986f7e4a1d7726fdcbee5a3c51e44a2cedd84a82

Scammer Flag:

https://bitcointalk.org/index.php?action=trust;flag=2497

Investigation:

https://bitcointalk.org/index.php?topic=5294755.msg55712965#msg55712965

Additional Notes:

Per this post in April, I established the below address for asu's repayment.

33hxmTpJRbiqp18kuGhSPwbXxAnRuZexMB

[1714980778]

1714980778

[1714980778]

1714980778

[1714980778]

1714980778

[AB de Royse777]

This is really hard on you bud! Sorry to hear that and I hope asu come back and repay his debt.

I know him as a good, promising forum member but knowing this hurts. Just hoping that he is in serious trouble and not able to repay the debt even if he had good intention. I am handling a very similar case. One of my client is promising constantly but every time when the deadline comes or nearly hitting he comes up with another excuse. I am still giving him time.

I will leave a negative on asu but if he comes back and show some promise of repaying the debt then I will remove it to give him another chance.

[Bitcoinsummoner]

It is 6k dollar now, so any legit member may turned into scamming. So, giving too much money specially for long term is too much risky.I think you have made another big loss. If you calculate all of your profit then it is still loss for these 2 losses. Please think twice before accepting any big loan request. Because anything may happen, the person may die, may affect on dangerous disease, might be greedy and many more thing. So,giving too large amount and for long term cant be wise decision. Please try to give loan maximum for 1 month to minimize loss/maximize profit.

[FatFork]

I'm supporting the flag.

It's just sad to see reputable forum members go down like this. I'm sorry for your loss, DireWolfM14. I hope he comes back again and fixes this.

[JeromeTash]

This is really sad  So sorry for that loss @DireWolfM14. Reading through the whole experience has made me conclude that you have really been good and patient to Asu. The best thing he should have done was to return the favour. I do hope the unpaid loan doesn't affect your business so much. Tagging and supporting the flag

[suchmoon]

Don't forget "~". I don't think scammers should be in DT1.

Which goes to show that none of the forum trinkets like "Legendary" or "DT" mean anything when you give someone a life-changing amount of money. Sad.

[morvillz7z]

Supported the flag, gave him negative feedback and added him to my distrust list, the least (and only thing) i can do, sorry for your loss, this sucks!

theyoungmillionaire defaulted on BTC0.3 loan which was taken around the same time asu took those 0.3, both guys are from the Philippines, hmmm.

From bpip, it seems that asu's favorite profile to send merit to was theyoungmillionaire (almost twice as much as the next guy), i'm not trying to imply anything or connect these two but it does feel strange. Hope people can help you with your investigation.

[owlcatz]

Don't forget "~". I don't think scammers should be in DT1.

Which goes to show that none of the forum trinkets like "Legendary" or "DT" mean anything when you give someone a life-changing amount of money. Sad.

Agreed, and forgot to thank you for the BRILLIANT BPIP chrome plugin. Love how I can add or remove a user from trust list in just 2 clicks. 

[TGD]

I don't know the real story of Asu but some area in the Philippines still not recovering from the Typhoon Ulysses happened during first week of November. Region like Cagayan and some part of Rizal is completely submerged during and after the Typhoon that result to many homeless family. Just saying.

You can start finding the user that previously deal with Asu on our local lending thread: https://bitcointalk.org/index.php?topic=5142115.0;topicseen

[suchmoon]

I don't know the real story of Asu but some area in the Philippines still not recovering from the Typhoon Ulysses happened during first week of November. Region like Cagayan and some part of Rizal is completely submerged during and after the Typhoon that result to many homeless family. Just saying.

This has been going on for nearly a year so while the typhoon might have caused the most recent lack of communication, it's clearly not the reason for the failure to repay the loan.

[cabalism13]

I don't know the real story of Asu but some area in the Philippines still not recovering from the Typhoon Ulysses happened during first week of November. Region like Cagayan and some part of Rizal is completely submerged during and after the Typhoon that result to many homeless family. Just saying.

This has been going on for nearly a year so while the typhoon might have caused the most recent lack of communication, it's clearly not the reason for the failure to repay the loan.

Typhoon Ulysses is the most recent tragedy in the Philippines, asu's loan has been filed on 2019, as suchmoon said it's already been a year now, during that time BTC is not yet big in value and can be somewhat repaid if he just continue on his campaigns, also recently this past months a lot of campaigns has been opened by Hhampuz, he could easily join them if he wants to.
didn't know it would turn out to be like this, sorry for your big loss @DireWolfM14.
Even our last transaction was on Nov 1, 2019
Tru Gcash,... (and has a name of a girl, I think the account is also not from him)
~asu

[btc_angela]

He has been accepted in Bestchange campaign March 04,2020, Week 8 up to August Week 26.

But instead he didn't pay and even not communicate with @DireWolfM14 at the said timeframe.

We are happy to announce a new participant, a Legendary Member, asu, has joined our Signature campaign.

Got accepted in Duelbits, but then removed for not reaching the posts quota and pure quality posts.
And probably thinking of exit scam here.

[meanwords]

I'm sorry for your loss man. I'm sure someone will get this guys since his wallet is exposed and I'm sure someone had at least some transactions with him. I just don't get why would he do this. He could have made more doing signature or bounty campaigns rather than compromising his account for this loan.  

Anyways, try going here https://bitcointalk.org/index.php?topic=5142115.msg51747333;topicseen#msg51747333

3ByTmVLLd6hrjtT6trwG9C1aziEmbTkZAH (coins.ph) is his wallet. Coins.ph is a custodial wallet so you have a good chance to know his identity. it seems that finaleshot2016 had a transaction with him.

https://bitcointalk.org/index.php?topic=5142115.msg51774328#msg51774328

I'm supporting the flag.
It's just sad to see reputable forum members go down like this. I'm sorry for your loss, DireWolfM14. I hope he comes back again and fixes this.

I doubt that he will return now though since his reputation is basically ruined.

[nutildah]

That sucks bro, sorry to hear that happened. Maybe there's a chance he'll still find a way to repay you, as its of course the right thing to do. Looking at the address he uses for sig campaigns its a Coins.ph address and its been seeing some transactions recently, so it would appear he's avoiding you.

Edit: like the guy above says, its a Coins.ph address, and he sent coins directly there from his 1Asu address, so there's a chance they can help you out...

[mk4]

The reputation of the Philippine community is slowly but surely sinking huh?

Anyway, that sucks dood. Not to mention that the recent price rise ended up just being rubbing salt to the wound. Hopefully the lost amount doesn't amount to a significant amount of your total bitcoin holdings.

With that said, with asu being a Bitcointalk member since 2015, quite amateurish of him/her to be publicizing a custodial wallet's address then ends up scam quitting in the end. Hope you get justice, OP. Gave him/her a neg.

Archived:

• https://archive.is/wip/PAQXV
• https://archive.is/wip/RGaZj

[mdayonliner]

theyoungmillionaire defaulted on BTC0.3 loan

theyoungmillionaire defaulted a loan! I can not believe my eyes. He was one of the most promising user on the forum back then. I can recall back then him and me had good number of thought exchanges and I found him an amazing guy. It's really surprising how people change overtime. And walking away with someone's money is the worse.

Just had a quick look on the profile asu and I can not remember I had any communication with him before but looking at his profile it seems he was able to maintain a good reputation and behind this building up good reputation if the goal is to scam someone and this is only for 0.3 BTC then this very sad.

DireWolfM14, I am sorry for your loss. The loan business is a risky business especially when you are lending someone more than 0.1 BTC. I still have over 0.5 BTC from some of the users on this forum. They scammed me in several occasions. These people takes advantage of your kind heart, good intention.  At some point I even stopped my lending service.

The most harm was done by so called reputed members on the forum. They slowly build up a good reputation and wait for the right time to scam you. Sad.

P.S. Can someone help me to find out a good topic about flag? It was not there before.

[Timelord2067]

OP, ( @DireWolfM14  ) do you have loans with either Asuspawer09 or plvbob0070 at the moment?  Or, cabalism13 for that matter...


Flag against ASU supported and

Code:

~ASU

as well as (dis)trust feedback on their page.

Regards,

[Bttzed03]

He/She managed to pay another past due loan to @harizen when he/she came back and joined the Duelbits campaign. There were other instances of delays but he still paid. Although the loans he/she took in our local lending isn't as huge as what's owed to you, I'm more inclined to believe that @asu is really in a tight spot but he/she still has the intention of paying you back.

Anyway, here is the list of all loans.

FULLY SETTLED/PAID LOANS

No.	Borrower	Lender	Loan Reference	Amount (BTC)	Status
____	_________________	_________________	_________________________________________________________________	________________	_________
13.	asu	Russlenat	https://bitcointalk.org/index.php?topic=5142115.msg51544717#msg51544717	0.003	Paid
14.	asu	LogitechMouse	https://bitcointalk.org/index.php?topic=5142115.msg51591740#msg51591740	0.003	Paid
23.	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg51978209#msg51978209	0.002	Paid
24.	asu	LogitechMouse	https://bitcointalk.org/index.php?topic=5142115.msg52085935#msg52085935	0.003	Paid
25.	asu	LogitechMouse	https://bitcointalk.org/index.php?topic=5142115.msg52108473#msg52108473	0.002	Paid
29	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg52379007#msg52379007	0.20 (eth)	Paid
33	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg52487979#msg52487979	0.004	Paid
34	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg52553483#msg52553483	0.35 (eth)	Paid
39	asu	inthelongrun	https://bitcointalk.org/index.php?topic=5142115.msg52722676#msg52722676	0.0055	Paid
56	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg53212236#msg53212236	0.45 (eth)	Paid
62	asu	Bttzed03	https://bitcointalk.org/index.php?topic=5142115.msg53416563#msg53416563	0.004	Paid
65	asu	Bttzed03	https://bitcointalk.org/index.php?topic=5142115.msg53541203#msg53541203	0.004	Paid
72	asu	Darker45	https://bitcointalk.org/index.php?topic=5142115.msg52911462#msg52911462	0.01	Paid
91	asu	Bttzed03	https://bitcointalk.org/index.php?topic=5142115.msg53609003#msg53609003	0.004	Paid
91A	asu	Bttzed03	https://bitcointalk.org/index.php?topic=5142115.msg53685070#msg53685070	0.004	Paid
104	asu	mirakal	https://bitcointalk.org/index.php?topic=5142115.msg54273047#msg54273047	0.006	Paid
128	asu	harizen	https://bitcointalk.org/index.php?topic=5142115.msg54584007#msg54584007	0.01	Paid

Used addresses:

Code:

1McxEqfUwGNXzLRhewqG96aqr5HzEYFknJ
3ByTmVLLd6hrjtT6trwG9C1aziEmbTkZAH - coins.ph
0xfaf352ef83be399b733a34a774777ff012409cc8 (coins.ph eth addy)

[qwertyup23]

I am very sorry for your loss, Direwolf.

It baffles me that there are members of the forum who are well-reputed and trusted but they still manage to default a loan. To be honest, they destroyed their privilege of earning in the forum (e.g. campaign signatures). Their goal is too short-sighted and they are blinded by the fact of taking advantage of someone due to their trust feedback.

It contributes to the fact that anyone can be scammer regardless of their trust history and feedback. Once again, I am very sorry for your loss.

The reputation of the Philippine community is slowly but surely sinking huh?

It really sucks man. These types of scammers significantly contributes to the stigma in our community but I do hope that this will not take a toll on trusted members of the Philippine community. Hopefully, there is a way to at least mitigate such damage to our board.

[TGD]

I don't know the real story of Asu but some area in the Philippines still not recovering from the Typhoon Ulysses happened during first week of November. Region like Cagayan and some part of Rizal is completely submerged during and after the Typhoon that result to many homeless family. Just saying.

This has been going on for nearly a year so while the typhoon might have caused the most recent lack of communication, it's clearly not the reason for the failure to repay the loan.

Agreed on this, But he recently paid his loan in the local lending section before typhoon hits so if he really wants to runaway, he will not pay that loan and just walk away. I'm just giving him some consideration since many Filipino still not recovered on multiple typhoon damage.


I can help the OP to contact coins.ph since there office is near to my workplace. I will try to walk-in there and inquire about this case.