Buying house with fake tokens

[minairia3]

Well, guys, I need to provide some updates according to your questions:

First of all, yes, this is real news.
First title: A scammer who bought several houses with fake cryptocurrency, and yes, that person has been arrested. It's funny

I also read it in the newspaper. I'm sorry, but I don't have a direct link. If I find it, I will update this thread immediately.

You have edited your story but still don't have any more information to prove your story.
I am still following your story and so far you have not been able to provide details or link to us proving this is a true story. If you can't provide the link, tell us what is the name of that fake token? And how were the home sellers cheated? Is he a crypto investor?, $1.2 million is not a small amount, it is not easy for someone to be cheated with such a huge amount.

[Woodie]

I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.


what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

If this story of fake tokens is true, I believe the owners of these houses can still claim them back as the contract between seller and buyer isn't technically complete as mode of payment isn't real, this is as good as selling some some stolen stuff and owner finding it... Here there isn't any transfer of ownership!

[hichamito37]

This story does not seem credible. Buying a home requires a lot of reliable documents from both the buyer and the seller . Where there is no scope for cheating . I think the op made this story up to get some fucking Smerit. If this story  is true then op should share the valid link here. Otherwise I think it's a fake story .

It's true that big scams are constantly happening through cryptocurrencies . But most scams are anonymously . A scammer will never openly scam and never use personal documents to scam. Buying a land or house properties requires many documents.  So a scammer can never buy them by scamming.  And if bought, legal action will be taken quickly against him. So I also don't think there can be any truth to op story.

And $1.2 million is a lot of money. Even anonymous transactions will be through a reputable exchange, not just a story of two parties. I don't believe this story, it's too fictional and lacks information to confirm. As you said, buying and selling real estate needs to sign a lot of papers and be certified by the local government. How can a scammer do this so easily?

[Anonylz]

I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.


what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

Unfortunately some people have this habit of not interested in basic knowledge of things happening around them, otherwise this situation would have been prevented if they have knowledge about crypto space and the type to accept for payment.
They were given shitcoins in place of their property without knowing, this is definitely another bad image on crypto. Anyone who wants to accept crypto as alternative payment  should first understand it and have full knowledge of what to do or stick to using fiat.

[re-start]

You have edited your story but still don't have any more information to prove your story.
I am still following your story and so far you have not been able to provide details or link to us proving this is a true story. If you can't provide the link, tell us what is the name of that fake token? And how were the home sellers cheated? Is he a crypto investor?, $1.2 million is not a small amount, it is not easy for someone to be cheated with such a huge amount.

Believe me, I was reading a newspaper with my brother and I only saw this description. There was no name or address.
I texted my brother to bring me that newspaper to read it again.

[cryptoperkele]

This is so interesting it really needs a link for us to know about this scam and is it on the global news yet?
I really wonder why this can happen even though buying a house requires some important letters and a valid transaction so this is buying with fake tokens whether the agent really doesn't know the token or what, so if there is no link we can't conclude it.

Indeed, there are many frauds with many cases happening, I often see it because there is news in the article, therefore about fake token fraud to buy a house, I just heard about it now.

I'll step in as it's quite easy to define as fake or misunderstood news for the one simple reason: Even if by some miracle during the deal scammer got the keys to the house, he wouldn't live there very long as this contract wouldn't hold up as a legal binding document in any court in the world.

[bitzizzix]

Well, guys, I need to provide some updates according to your questions:

First of all, yes, this is real news.
First title: A scammer who bought several houses with fake cryptocurrency, and yes, that person has been arrested. It's funny

I also read it in the newspaper. I'm sorry, but I don't have a direct link. If I find it, I will update this thread immediately.

You have edited your story but still don't have any more information to prove your story.
I am still following your story and so far you have not been able to provide details or link to us proving this is a true story. If you can't provide the link, tell us what is the name of that fake token? And how were the home sellers cheated? Is he a crypto investor?, $1.2 million is not a small amount, it is not easy for someone to be cheated with such a huge amount.

I also think the same and $1.2 million is a very large amount and the average investor who has a very large amount of money is definitely not a random person, and I'm sure he will do thorough research first before acting.
and I'm also still curious, especially for fake tokens that are not named because this incident will tarnish the name of crypto because it has something to do with crypto. And there are still many scams in the crypto world that must be minimized, don't get it wrong or make it up because it will make people afraid to get involved.

[Jeger.Kiting]

Sorry, I don't really understand what you're saying, because I don't think there's any scam by buying a house using fake tokens, because I've never heard of or seen anyone buy a house using fake tokens. You also open this thread without providing any link, because if you don't provide a link about this case, it is impossible for everyone to believe this.

[Cling18]

Sorry, I don't really understand what you're saying, because I don't think there's any scam by buying a house using fake tokens, because I've never heard of or seen anyone buy a house using fake tokens. You also open this thread without providing any link, because if you don't provide a link about this case, it is impossible for everyone to believe this.

I've never heard about such news as well so I don't think it's true since there are no provided resources to support it. I don't think there would be fool people who would let someone purchase his property without assuring that the payment has legal value. It's unreliable news unless proven true.

[Shasha80]

I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.


what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

If this story of fake tokens is true, I believe the owners of these houses can still claim them back as the contract between seller and buyer isn't technically complete as mode of payment isn't real, this is as good as selling some some stolen stuff and owner finding it... Here there isn't any transfer of ownership!

The owner of the house should be able to report to the police that he was a victim of fraud. The sale and purchase transaction is invalid if
the homeowner can prove that the buyer paid with fake tokens. Most importantly, there is evidence that can be shown to the police that
the home buyer paid with fake tokens. So the homeowner should still be able to get his house back, and the contract between the seller
and the buyer becomes void. Based on my experience when buying a house, the process of buying a house is not easy, there are many
documents that must be completed in the process. If home buyers pay with fake tokens, there must be incomplete documents.
This is a gap that homeowners can take advantage of to be able to get their house back. So there shouldn't be any transfer of ownership,
this should also be a valuable lesson for all of us to always be careful in the crypto world. What is certain is to avoid making buying and
selling transactions using crypto other than top coins. What I said could be done if indeed what the OP said was the truth.

[Bobrox]

Sorry, I don't really understand what you're saying, because I don't think there's any scam by buying a house using fake tokens, because I've never heard of or seen anyone buy a house using fake tokens. You also open this thread without providing any link, because if you don't provide a link about this case, it is impossible for everyone to believe this.

I think OP mean about some one buying house and use fake token as currency transaction payment, but looks not logic and not really true how happening some one will sell their house with fake token. I think if adopt with bitcoin or cryptocurrency as payment transaction both side between buyer and seller know about values token selling. Seller will not accepted with fake token as payment for their house because they can't sell with fake token, actually OP need to give valid source and should give us link about correct or not when transaction buying house with fake tokens. All people know right now with fake token because they can check easily on coimarketcap and know about contract address token before accepting as payment transaction.

[GeorgeJohn]

I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.


what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

It's possible that people scammers can purchase building with a fake token. The blame should goes to the person that purchase such token without making a proper research concerning the token. I believe that what is happening between the buyers or what the trigger them to purchase a token that's not relevant for the system is because of the low amount and they feel that they will make a surplus gain.

[SaveOurSea]

Sorry, I don't really understand what you're saying, because I don't think there's any scam by buying a house using fake tokens, because I've never heard of or seen anyone buy a house using fake tokens. You also open this thread without providing any link, because if you don't provide a link about this case, it is impossible for everyone to believe this.

I also feel confused because indeed what is meant by Fake Token really confuses me,
fake tokens are very easy to recognize, if someone makes the same token name, of course smart contracts are different,
because in crypto currency it is very transparent, so what about fake tokens? what he means is so confusing.

[eaLiTy]

~
I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. 

I am not sure, how is this even possible, if anyone is willing to purchase a property using cryptocurrency the seller should know about the cryptocurrency market and why would they accept transaction for fake tokens. Even if they know about the cryptocurrency market, they would never accept the tokens for huge amounts on a logical sense and how could anyone get fooled like that  .

[jhonjhon]

Nowadays, there are many fake tokens, so it is better if the seller does some research to determine whether it is legit or not. By the way, this is the first time I've heard of someone buying a house with tokens, and I don't think scammers can easily buy houses given the amount of paperwork that needs to be completed.

[virasisog]

Nowadays, there are many fake tokens, so it is better if the seller does some research to determine whether it is legit or not. By the way, this is the first time I've heard of someone buying a house with tokens, and I don't think scammers can easily buy houses given the amount of paperwork that needs to be completed.

I think it will be insane to accept fake tokens as payment not unless the seller has zero knowledge about cryptocurrency. If that's the case, he should have do a research about the coin first before accepting it. Scammers are everywhere and we can't get rid of them easily but the best thing to do to avoid being scammed is to be skeptical especially if there's money or property involved.

[smartaction]

This story does not seem credible. Buying a home requires a lot of reliable documents from both the buyer and the seller . Where there is no scope for cheating . I think the op made this story up to get some fucking Smerit. If this story  is true then op should share the valid link here. Otherwise I think it's a fake story .

It's true that big scams are constantly happening through cryptocurrencies . But most scams are anonymously . A scammer will never openly scam and never use personal documents to scam. Buying a land or house properties requires many documents.  So a scammer can never buy them by scamming.  And if bought, legal action will be taken quickly against him. So I also don't think there can be any truth to op story.

And $1.2 million is a lot of money. Even anonymous transactions will be through a reputable exchange, not just a story of two parties. I don't believe this story, it's too fictional and lacks information to confirm. As you said, buying and selling real estate needs to sign a lot of papers and be certified by the local government. How can a scammer do this so easily?

I said before op just make a fake story And I'm guessing he did it just to get the Smerit. He wanted to make this story more beautiful but he could not organize the story well. op said about scam 1.2 million usd with a fake token. Listening to him it seems that money is a trivial thing money has no value he he

[tbterryboy]

If this is true the buyer should be the scammed victim because no real documents were passed on to him, he sent tokens to owners and he believed that he is the real owner? Where is the proof that he is the owner? Kinda case that gets solved easily in courts.

It didn't mention that no documents were handed but maybe it is handed because the attempt is successful with millions worth of house area already recorded but let say if what you were saying is true then both of them have no gains then because one handed fake tokens while the other one handed a fake document. That is what you called bad karma. They get it because of their bad deeds but that's only lite.

There is no big consequences with it because both party won't have the courage to take this to the court or to the authority as they are also guilty and afraid that their bad deeds are going to be find out. Cases like these where fake tokens are involved isn't new anymore but it also happened before on lending businesses where a borrower sends fake tokens as collateral.

[South Park]

Nowadays, there are many fake tokens, so it is better if the seller does some research to determine whether it is legit or not. By the way, this is the first time I've heard of someone buying a house with tokens, and I don't think scammers can easily buy houses given the amount of paperwork that needs to be completed.

I think it will be insane to accept fake tokens as payment not unless the seller has zero knowledge about cryptocurrency. If that's the case, he should have do a research about the coin first before accepting it. Scammers are everywhere and we can't get rid of them easily but the best thing to do to avoid being scammed is to be skeptical especially if there's money or property involved.

Assuming that the story is real and it is not fabricated in order to try to scare people away from cryptocurrencies, this should show us to always be careful when it comes to big transactions and using a medium of payment which we are not familiar with, if a person is not familiar with cryptocurrencies and they have never accepted them as a way of payment during their entire lives I think it is a mistake to sell their house and receive cryptocurrencies in return, they could easily ask the buyer to sell their coins at an exchange and then send that money to their bank accounts.

[Lantind]

so many questions about this if you don't provide the link. we don't know what their transaction was based on, and how the homeowner would want to exchange the house he owns for tokens that have no price. IMO, it would be very stupid for someone to exchange their house for a coin they don't even know how to exchange. and identify it. even more so if you don't ask the expert what he's going to trade. I just feel that this is a very strange thing.

There is no possibility for us to believe this, the creator of the topic didn't really give the choice to know more in detail, because the news link was never included, even if there is one percent of people in this world experiencing this, is it that stupid to give trust in people, so that houses are exchanged for fake tokens/coins?
This doesn't make sense to me, and it's because of this kind of news that crypto is often implicated in fraud issues, it's really unbelievable.