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Crime & Punishment

 
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Looking for information about active margin trading scams
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Zi'Boo
Zi'Corp
#1 - 2011-10-16 21:52:40 UTC
Hello C&P,

I'm running a small experiment and I need some help.

I'm looking for information about currently active margin trading scams (you know the ones that offer to buy some rare stuff for 10 times the average price, but cannot be fulfilled due to lack of funds on the buyers acount).

I'm willing to offer 5 mil for information about each active scam on the market and a great story if my experiment suceeds.
Julian Koll
The Kollektive
#2 - 2011-10-16 22:45:47 UTC
someone found out about the 24% apparently Cool
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
#3 - 2011-10-17 06:45:22 UTC
I'm not telling you how to run a margin trading scam, I had to figure it out and you have to too.

"Little ginger moron" ~David Hasselhoff 

Want to see what Surf is training or how little isk Surf has?  http://eveboard.com/pilot/Surfin%27s_PlunderBunny
Zi'Boo
Zi'Corp
#4 - 2011-10-17 11:45:36 UTC
Actually I know how to run the margin scam, I already know how that works.

I was actually trying to pull a counter scam...and even managed to do it once.

Might as well share that. I accidently found out that even the margin scam orders can be fulfilled.
They work as long as the sell amount is equal or less than the original money put into the order.

So say someone is putting some margin scam order for 10 times the value of an item. As long as you sell it for 2.4 times the original price (so 24% of his price, or whatever his skill makes him pay) the sell will go through and you'll get the iskies, so you can sell whatever the scammer is trying to buy and still make a hefty profit on it.

Just look out, as if you try to sell it for more the order will disappear.
Julian Koll
The Kollektive
#5 - 2011-10-18 06:37:26 UTC
just fyi: there is also a way to counter that on the scammers side
Charlie Tan
Charlie Tan's Intergalactic Trading Service
#6 - 2011-10-18 11:23:39 UTC
Margin scams don't work any more. Stick to plex/mineral ones instead, unless you want to lose all your isk.
vixxxy
Doomheim
#7 - 2011-10-18 20:19:05 UTC
\o/