@InvestAngel99. I don't care how long you've been on here, anyone with a good idea can contribute. Someone the other day called me a "newb" because he has been on here six months longer than me (in his mind I'll be an expert in six months).

I don't think anyone is suggesting that we can get rid of scammers all together, but we do want to mitigate how successful scammers are.

I'm continuing to comment. I've only been here a month. The actual job of trying to stop scams on this website would be beyond the job of any professional webmaster. It is totally impossible to stop. It is natural, and normal, on any site such as this, to see scam listings, and it is natural and normal to see negative comments on listings, which stops most scams. Scams proliferate the same as on any site such as EBAY. This site is just as safe as EBAY it's just like BUYER BEWARE the same as investors beware here.

The 'vote down' option might work. I was thinking that every investor should be allowed to take back 2 investments a month (and an additional take back for every full BTC invested). That way investors can't go crazy with take backs, but can still keep their BTC safe in an "what was I thinking" moment.

Amanda, because this loan was shown to be a scam, M Huang's made two significant investment to push it over 70%. The moment after it was 70% it was activated indicating that the Annabelle account is controlled by him. This calls into great suspicion any other associates such as A rated Sven who has perhaps been using scammed funds from the other sock puppet accounts to maintain his high 'trusted' rating.

o0ragman0o - I believe that Sven Vecchioni, if that is a real person or not, is also associated with M. Huang. His one reference appears to be from this person. But how are you and others determining it is a bad loan if borrower has not yet defaulted? The thumbs up/down is a good suggestion. Thx.

The Daily Dollars, there have been many idea's put out there. Some members have even put up listings to explain and fund their idea and even gone on to build FB groups or web sites supporting those ideas. Unfortunately all these ideas are do 'distributed' and uncoordinated to have any effect what so ever ('cept maybe bit pop).

The problem is not that people simply don't know about them (btcjam uservoice anyone? and that one's official!) but also they have no connection to the fraud at it's root (like Net-Arb) and so are ineffective at anything at all.

That root is BTCJam and so it's this site itself that must implement better tools. It doesn't matter how well they can waste time money securing ID dox or chasing Net-Arb. There are still going to be scammers and runners.

In asking them to investigate this particular puppet theater, I've again requested a 'vote down' feature which I see would be the MOST effective and cheapest method of stopping scammers.

I was the first confronting her or him or it with questions from the beginning, but no, people invested and now the money is gone. Why don't you all send bitcoins to my wallet. At least you have given them yourself.

And what is it now - - ->HER HIM or IT

The problem is to no avail we are talking about the Jam release the loan. I indicated early on fraud
still on people financed the loan!
Sorry for my poor English speech

I flagged that loan as a scam at 50%. If this loan is blacklisted and BTCJAM would do their job, the money is still at BTCJAM. If the money is gone. It is the fault of BTCJAM, who ignored the scam flagging

@o0ragman0o - I'm starting to really agree with you.
I have an idea that could put a stop to this and all future scammers, but I need quite a bit more space to go into depth on it. My financial background is in limiting risk and maximizing returns. I don't do social media at all, but I'd like to propose something to you and the others who are getting burned by this crap. Is there a way we can talk without filling up everyone's comment sections?

bingo

M Huang has successfully just got it to 70%. Expect Annabelle to run shortly....

Would seem M Huang may be the puppet master.

Add to that scammer team:
Sven Vecchioni /users/67235 who's just run with over 7BTC

I want to know what BTCJam's verification process is for if that is a real thing. Also if this is a scam can we please get a way to flag it as such and require BTCJam to investigate? They're rating these loans which is supposed to negate the need for own due dilligence. If scams like this can be pulled off then what the heck is the rating for?

To really put a stop to it, I think pre-loan identity verification should require a live face to face Skype call where the person asking to be verified shows a passport along with their face and scans and emails a signed document. Why is that so hard?

** STOP INVESTING **

Pampidetto and all,

M Haung (Michael) is in a known scammer team or team of sock puppets. His investment here now indicate the Annabelle account is part of that team too. The large investment is no doubt to push the loan over 70% funding and be able to steal the money.

Asscociated Scam accounts in this team are:

M Haung (Michael) /users/103820
Annabelle (AnnaNSW) /users/139498
QLD-Koala /users/136511
SophieZ /users/110346
I am Julian (Andrea) /users/116835
Tina Hidalgo/users/138122
Max Tuning /users/103814

I'm out!

M Huang???

Instead of funding this one, buy the note I issued on it. It'll lower your risk.

Do not whine if your money's gone

Why do not you read the any comments? 52% LOL

The whole profile smells like Scammer

DISHONESTLY MAKING FALSE REPRESENTATIONS IN ORDER TO MAKE FINANCIAL GAIN.

= FRAUD.

*** SCAM *** SCAM *** SCAM ***

I hope this helps.

Ok then I'll cease my usual practice of being polite. THIS LISTING IS A SCAM. I'VE INVESTED LOTS OF MONEY IN THIS SITE. THIS LISTING IS A SCAM STOP FUNDING IT. Hope this helps LOL it probably won't. I'm sure it'll get funded anyway. Massive LOL's all around.

** STOP FUNDING **

This user is a clear scammer.

Tell us what your monthly income is and verify it with the site or else I'm not invested. (Gauntlet thrown-down to borrower) Answer or no investment from me. I don't like borrowers who don't answer questions like this. They make me nervous. If I feel nervous, I won't invest. Simple.

Still awaiting the Income Verified badge on your profile. If you can't complete that then I'm not investing. I'm out until you take that step and show us what your monthly income is and tell us what it is. Honesty and transparency else no investment from me.

Complete you profile, please

@Pampidetto. Good call on the age. With everything else considered, it is a big deal.

@ANNABELLE. You may want to write a detailed explanation to the questions that have been asked of you.

Your main concern was that BTC was more convenient. In the time that it will take you to fund this loan, will it still be more convenient? Also, I asked where you got your 2 BTC from, not where you last used BTC.

fortnightly, is common enough language for an aussie, you are correct.
However a fortnightly wage is not so common. In the gov service, yes it is, but not the private sector.
(can happen though, im on a fortnightly wage, but the odds of it happening are very low)
Here in australia, students can get apple products really cheap compared to retail, Including with repayment plans. in my opinion, it would be a far better deal than amazon and 10% interest.
the biggest give-away though, no one in sydney signs themself of as NSW. In fact no one anywhere in NSW would sign themselves off that way.

Awaiting response to questions put to borrower about verification of income on this site. For a first loan this is a big one and raises a red flag on the amount. I doubt I will invest in this one, but, the borrower has now the chance to respond to the thrown-down-gauntlet questions that have been raised below. Somehow I feel an annoying sense of doubt that these questions will be answered and if not I'd rate it as looking like a scam. Sorry :)

TCC, yes 'fortnightly' is still in common use. It's use by this scammer isn't the trigger, but the many other inconsistencies of the language, story and woeful geography.
compare with:
/users/136511 (QLD-Koala)
/users/132872 (John Ashley, scammer now outed as Indonesian, not UK ask BTCJam first allowed)

Not defending the borrower here. But the ancient ebay account isn't nessecarily a sign of anything. I have a 16 year old nephew with a 10 year old ebay account. Why? Because his family has been sharing it that long.

I am concerned about the UK/Australia thing, unless the borrower is from the UK but that's unlikely.

Keyword to look for seems to be fortnightly, is that even in the english lexicon anymore? I know people in the USA, the UK, Canada, Australia and NZ. I don't think I've ever heard that word come out of anyone's mouth. I hear it and it sounds archaic, like furlongs per fortnite or something.

Just a thought.

1. Where is Brooklyn in the UK?

2. Why were you buying car parts from a UK ebay store this month?

flagging as scammer

Jun 26, 2000 were registered on eBay. Then you were 13 years old.
Lived in England and was a bank card? I would not believe it!
I'm afraid that you want to beat us over!

@Pampidetto
I'm 28

@Wanyika
Hi, I don't really want to open any links.
Yes, my ebay is from UK, I've had it since school in Brooklyn, it is pretty old.

@Everyone
You can write more questions here or mail to my ebay, I will read and reply tomorrow when I'm going to be at my computer. I'm going out tonight.
Thanks and see you tomorrow!

How old are you?

I'm getting a Deja Vu. Again an Australian with an Ebay account in the United Kingdom. /listings/37241-first-rep-loan

Hello BigJim
I have around 2 bitcoins left from last purchase at overstock, but I didn't like it very much since there is not much choice.
Yes I am planning to pay from my fortnightly wages. I uploaded my documents and it is still processing second day.
I earned my Bachelors at Sydney University, Finance Major. And had been very stable for past 3 years working as a Financial Reporting Specialist.

@ANNABELLE. I have a few questions:

How will you be paying-off this loan? Will it be from your job? If so, can you verify income? How did you come by the 2 BTC that you already have? And lastly, using BTC may expedite your order (because it is permanent), but using BTC puts you at more risk (because it is permanent). Won't most of your convenience be eaten-up by how long it takes to fund this loan?