Silk Road forums

Market => Rumor mill => Topic started by: Henry238 on September 15, 2011, 04:43 am

Title: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 04:43 am
Either bitcoinexchange or MoneyPak ripped me off.  Purchased a MoneyPak number at my local store.  Sent MoneyPak number to bitcoinexhange, expecting to get bitcoins in return.  Got a PM back from bitcoinexchange saying that the balance on the MoneyPak is zero dollars.  Checked with MoneyPak and they are saying that the MoneyPak was already used and balance is zero.

I'm pretty sure bitcoinexchange ripped me off.  If you use him, do it knowing that you're probably going to get ripped.  BTW, I could not leave negative feedback because he cancelled the order.

I recommend STAY AWAY from this guy.

I will update when I have more information about what happened.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: NevilleNobody on September 15, 2011, 04:53 am
Are you sure the store you purchased the Money Pak from has not ripped you? Just sayin..
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 04:55 am
It was a CVS, so I'm pretty sure it wasn't the store.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: CrunchyFrog on September 15, 2011, 06:12 am
A store employee perhaps?  Anyone with a card skimmer and cell phone could have that card emptied before you left the parking lot outside; pre-skim the card, pass the number to a confederate, then signal them when it's charged.  Easy.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: wolverine434 on September 15, 2011, 06:36 am
hmm youre the second person in two days that have said something negative about bitcoinexchange. the first did a bank deposit with no response afterwards. i wanted to work with them but never got a response after my submission .

i for one will just use the dwolla route from now on. or bitcoinbux when they are up and running again.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: andrea on September 15, 2011, 06:46 am
If you live in the US all you need to do is walk into a Wells Fargo or Bank of America and deposit into exchb's account. Here is the link for more details. https://www.exchangebitcoins.com I use them all the time. Cash is made available within 30 min of deposit. They charge 1 dollar or 1% fee. Whichever is greater.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: mysticaljourney on September 15, 2011, 06:47 am
Either bitcoinexchange or MoneyPak ripped me off.  Purchased a MoneyPak number at my local store.  Sent MoneyPak number to bitcoinexhange, expecting to get bitcoins in return.  Got a PM back from bitcoinexchange saying that the balance on the MoneyPak is zero dollars.  Checked with MoneyPak and they are saying that the MoneyPak was already used and balance is zero.

I'm pretty sure bitcoinexchange ripped me off.  If you use him, do it knowing that you're probably going to get ripped.  BTW, I could not leave negative feedback because he cancelled the order.

I recommend STAY AWAY from this guy.

I will update when I have more information about what happened.





This is most likely the same guy running this site: http://www.bitcoinexchange.cc/

As you can see his rates of exchange are pretty similar as well. He's out of Florida.. Go google that site, and you shall receive lots of forum posts about that character from the bitcoin forums. I bet he's the same character running that site above.

Put the word out, and let everyone know to steer clear.... You also might wanna speak to SR about monitoring him, and/or getting him off the site. We don't need scammers!
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: andrea on September 15, 2011, 06:48 am
Edit: bitcoin exchange and exchange bitcoins are not the same company. The similarities end in the name.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 07:03 am
A store employee perhaps?  Anyone with a card skimmer and cell phone could have that card emptied before you left the parking lot outside; pre-skim the card, pass the number to a confederate, then signal them when it's charged.  Easy.

The reload cards have no magnetic strip.  That's not what happened.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 07:05 am
If you live in the US all you need to do is walk into a Wells Fargo or Bank of America and deposit into exchb's account. Here is the link for more details. https://www.exchangebitcoins.com I use them all the time. Cash is made available within 30 min of deposit. They charge 1 dollar or 1% fee. Whichever is greater.

Yes, I agree Andrea, this is a good method.  I have used it before.  However, in my case it took until the next day for funds to appear in my account, not 30 minutes.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 07:08 am
hmm youre the second person in two days that have said something negative about bitcoinexchange. the first did a bank deposit with no response afterwards. i wanted to work with them but never got a response after my submission .

i for one will just use the dwolla route from now on. or bitcoinbux when they are up and running again.

Yes, it's looking like seller bitcoinexchange is a scammer.  Just wish I could leave feedback on the main site to warn others that may not see this thread.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: gnumagicboy on September 15, 2011, 10:11 am
Next time go to Rapidexchange.  He charges a higher percentage but at least he doesn't rip you off.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nearo on September 15, 2011, 03:36 pm
I would like to speak up to my experience with BE. While his 5% fee is what was advertised, I found that it was not a flat fee. I put $335 on a MP, and then did the transaction with BE. For me, he was very responsive, and sent me my BTC. Unfortunately the 5% fee was not the whole fee.

Here's my calculations:
$335 * .95 = 318.25 to remove the 5%
so if we were using yesterday's exchange rates 318.25/5.6 = 56.83 (assuming 5.6 was the highest price for BTC yesterday)
I only recieved 49.34

When I asked him about this, he claimed that he didn't explain clearly enough in his listing that he goes and purchases from an exchange (strike 1), This is not the service I agreed to.

so basically, the 318.25/49.34 = $6.45  per btc which is almost a dollar above the cost of btc yesterday. While the communication was good, I cannot recommend BE for the above reasons.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 03:46 pm
Okay, I have an update:

The MoneyPak was deposited into his PayPal account.  Then he came back to me and told me the card balance was zero.  It was fraud by the seller called bitcoinexchange, plain and simple. 

SR should kick this fraudster off so he can't steal from anyone else.  He is probably stealing from someone right now who is not reading the boards because he has done enough small deals to get good feedback.  I can't leave negative feedback on SR because he cancelled my order.

Also, he will not even respond to my PMs.

BEWARE THIS GUY.

Either bitcoinexchange or MoneyPak ripped me off.  Purchased a MoneyPak number at my local store.  Sent MoneyPak number to bitcoinexhange, expecting to get bitcoins in return.  Got a PM back from bitcoinexchange saying that the balance on the MoneyPak is zero dollars.  Checked with MoneyPak and they are saying that the MoneyPak was already used and balance is zero.

I'm pretty sure bitcoinexchange ripped me off.  If you use him, do it knowing that you're probably going to get ripped.  BTW, I could not leave negative feedback because he cancelled the order.

I recommend STAY AWAY from this guy.

I will update when I have more information about what happened.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 03:50 pm
nearo, that sucks.  But you are lucky you got 49.34.  He is now stealing the whole amount from SR members.

I would like to speak up to my experience with BE. While his 5% fee is what was advertised, I found that it was not a flat fee. I put $335 on a MP, and then did the transaction with BE. For me, he was very responsive, and sent me my BTC. Unfortunately the 5% fee was not the whole fee.

Here's my calculations:
$335 * .95 = 318.25 to remove the 5%
so if we were using yesterday's exchange rates 318.25/5.6 = 56.83 (assuming 5.6 was the highest price for BTC yesterday)
I only recieved 49.34

When I asked him about this, he claimed that he didn't explain clearly enough in his listing that he goes and purchases from an exchange (strike 1), This is not the service I agreed to.

so basically, the 318.25/49.34 = $6.45  per btc which is almost a dollar above the cost of btc yesterday. While the communication was good, I cannot recommend BE for the above reasons.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nearo on September 15, 2011, 04:08 pm
nearo, that sucks.  But you are lucky you got 49.34.  He is now stealing the whole amount from SR members.

I would like to speak up to my experience with BE. While his 5% fee is what was advertised, I found that it was not a flat fee. I put $335 on a MP, and then did the transaction with BE. For me, he was very responsive, and sent me my BTC. Unfortunately the 5% fee was not the whole fee.

Here's my calculations:
$335 * .95 = 318.25 to remove the 5%
so if we were using yesterday's exchange rates 318.25/5.6 = 56.83 (assuming 5.6 was the highest price for BTC yesterday)
I only recieved 49.34

When I asked him about this, he claimed that he didn't explain clearly enough in his listing that he goes and purchases from an exchange (strike 1), This is not the service I agreed to.

so basically, the 318.25/49.34 = $6.45  per btc which is almost a dollar above the cost of btc yesterday. While the communication was good, I cannot recommend BE for the above reasons.

I'm sorry to hear he totally scammed you. I hope that he made a mistake with your order and realizes the mistake, and fixes the problem. He has been on these forums before, but I agree that this topic should be stickied to help recognition until he resolves the current complaints.

I'm a big believer in Karma, so if he scamming people now, it will come back on him later. Good luck Henry.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: DwightEAnderson on September 15, 2011, 04:16 pm
I'm sorry to hear he totally scammed you. I hope that he made a mistake with your order and realizes the mistake, and fixes the problem.

Scammers don't make mistakes they intend to correct.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nearo on September 15, 2011, 04:20 pm
I PM'd SilkRoad on the main site, directing him to this thread and recommending suspending his seller account. Hopefully action is swift.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: andrea on September 15, 2011, 04:35 pm
Henry, for the funds to show within 30 minutes the funds must be deposited in cash and a picture of the receipt emailed to the address provided on the site. If you use a check or don't send a picture of receipt then yes, I believe it's the next day when funds become available.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Dread Pirate Roberts on September 15, 2011, 04:38 pm
so is Henry238 the only one that has been scammed?  Henry, please send me a message on the main site with a reference to this thread, thanks.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nearo on September 15, 2011, 04:52 pm
There seems to be another thread on the Offers forum which is claiming scams too.

http://dkn255hz262ypmii.onion/index.php?topic=3133.0
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: vanilla on September 15, 2011, 06:57 pm
This is a damn shame. I thought we had the REAL bitcoinexchange on here. It appears not. I have dealt with the real guy on the bitcoin forums and through his website and never had any issues. This can't be the same guy. Seems to be a case of using a legit reputation just to scam people. Shitty...
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: mysticaljourney on September 15, 2011, 07:08 pm
Okay, I have an update:

The MoneyPak was deposited into his PayPal account.  Then he came back to me and told me the card balance was zero.  It was fraud by the seller called bitcoinexchange, plain and simple. 

SR should kick this fraudster off so he can't steal from anyone else.  He is probably stealing from someone right now who is not reading the boards because he has done enough small deals to get good feedback.  I can't leave negative feedback on SR because he cancelled my order.

Also, he will not even respond to my PMs.

BEWARE THIS GUY.

Either bitcoinexchange or MoneyPak ripped me off.  Purchased a MoneyPak number at my local store.  Sent MoneyPak number to bitcoinexhange, expecting to get bitcoins in return.  Got a PM back from bitcoinexchange saying that the balance on the MoneyPak is zero dollars.  Checked with MoneyPak and they are saying that the MoneyPak was already used and balance is zero.

I'm pretty sure bitcoinexchange ripped me off.  If you use him, do it knowing that you're probably going to get ripped.  BTW, I could not leave negative feedback because he cancelled the order.

I recommend STAY AWAY from this guy.

I will update when I have more information about what happened.

Henry: Did you happen to get the name of the guy you sent the paypal to?

Vanilla: I believe this is the same guy Vanilla.. It's too much of a coincidence, as not many exchangers even take money pak, etc, as that guy on that bitconexchange.cc does. He only sent those people their money because he's on a public forum. Others complained there, and then got their deposits, as he went "ghost", right after receiving their money. Anyone who is in the bitcoin industry, knows that SR exists... It's just a hunch, but I think it's the same guy. A friend of mine did business with him from finding about him on the bitcoin forums, and he only responded to email so timely before he got the money, and afterwards, 5 emails or so later, my friend got a response. After he finally got his money exchanged, and went to do another order later, the exchanger wouldn't even respond to my friends emails. What a way to run business?

That guy went by the name of Alex, which could be an alias for his shady dealings... so find out what name this douche goes by.. and follow the trail... Good luck man..

 
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: ihatebusinessorgz on September 15, 2011, 07:46 pm
I was ripped off by this dude as well. He stopped responding to messages and everything. I'm pretty bummed, but I started a dispute with moneypak to see if i could get my money back. I was told they were going to put a hold on the card into which he deposited the funds and conduct and investigation to see what happened. I still have my receipt and card, and I think I am going to have to fax them somewhere to prove it. However, they did tell me that there is a chance that they might not be able to do anything about it.

I hope things work out my way, but if they don't i have learned my lesson. Everyone, beware of this scammer. SR should get rid of him so others don't fall prey to his bullshit.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: bitcoinexchange on September 15, 2011, 09:13 pm
I'm sorry to hear he totally scammed you. I hope that he made a mistake with your order and realizes the mistake, and fixes the problem.

Scammers don't make mistakes they intend to correct.

Thank you Dwight. I offered nearo the difference in bitcoin he believe he was entitled too. this is an attempt to get me out of exchange services. I'm convinced I'm being ganged up on.

I haven't scammed anyone. I guess it's my word against those that say I've scammed. This is such bullshit. I thought there was an honor system here.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nearo on September 15, 2011, 09:32 pm
I'm very sorry to BitcoinExchange. I misread his last message to me, and missed his offer to send the difference. As I said before his communication was great through SR PM's, and with his offer to send me the difference in BTC, i definitely would recommend him. I would request that you update.

Again, BitcoindExchange has done everything right with my transaction. Very quick communication, and a willingness to work through problems. I can tell you that BE definitely came through in my case, and I hope all other cases can be resolved.

Please accept my apology BE (the last misunderstanding was my fault).
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: j789745 on September 15, 2011, 09:44 pm
I was ripped off by this dude as well. He stopped responding to messages and everything. I'm pretty bummed, but I started a dispute with moneypak to see if i could get my money back. I was told they were going to put a hold on the card into which he deposited the funds and conduct and investigation to see what happened. I still have my receipt and card, and I think I am going to have to fax them somewhere to prove it. However, they did tell me that there is a chance that they might not be able to do anything about it.

I hope things work out my way, but if they don't i have learned my lesson. Everyone, beware of this scammer. SR should get rid of him so others don't fall prey to his bullshit.

I feel like this is playing with fire. Aren't you worried that you might be asked too many questions you don't have answers to?
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: ihatebusinessorgz on September 15, 2011, 09:55 pm
Honestly, I have a good excuse. I'm not going to say it here, but it is pretty believeable. I am going to stick with it and hope that it works out. If not, then i'll write it off as a loss and learn from it. I'm not really scared of getting busted for buying bitcoins because it is not illegal, and I do not hold any drugs at my house (except for personal use stuff that can be eaten) so I have no worries about the cops showing up to my house. I have nothing to hide, and i'm not really scared to report a theft to moneypak.

I was ripped off by this dude as well. He stopped responding to messages and everything. I'm pretty bummed, but I started a dispute with moneypak to see if i could get my money back. I was told they were going to put a hold on the card into which he deposited the funds and conduct and investigation to see what happened. I still have my receipt and card, and I think I am going to have to fax them somewhere to prove it. However, they did tell me that there is a chance that they might not be able to do anything about it.

I hope things work out my way, but if they don't i have learned my lesson. Everyone, beware of this scammer. SR should get rid of him so others don't fall prey to his bullshit.

I feel like this is playing with fire. Aren't you worried that you might be asked too many questions you don't have answers to?
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 11:00 pm
SR, I sent you a PM on the main site, as requested.  At least one other member, ihatebusinessorgz, was scammed in the exact same way as me.

so is Henry238 the only one that has been scammed?  Henry, please send me a message on the main site with a reference to this thread, thanks.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 15, 2011, 11:04 pm
Okay, I have an update:

The MoneyPak was deposited into his PayPal account.  Then he came back to me and told me the card balance was zero.  It was fraud by the seller called bitcoinexchange, plain and simple. 

SR should kick this fraudster off so he can't steal from anyone else.  He is probably stealing from someone right now who is not reading the boards because he has done enough small deals to get good feedback.  I can't leave negative feedback on SR because he cancelled my order.

Also, he will not even respond to my PMs.

BEWARE THIS GUY.

Either bitcoinexchange or MoneyPak ripped me off.  Purchased a MoneyPak number at my local store.  Sent MoneyPak number to bitcoinexhange, expecting to get bitcoins in return.  Got a PM back from bitcoinexchange saying that the balance on the MoneyPak is zero dollars.  Checked with MoneyPak and they are saying that the MoneyPak was already used and balance is zero.

I'm pretty sure bitcoinexchange ripped me off.  If you use him, do it knowing that you're probably going to get ripped.  BTW, I could not leave negative feedback because he cancelled the order.

I recommend STAY AWAY from this guy.

I will update when I have more information about what happened.

Henry: Did you happen to get the name of the guy you sent the paypal to?

Vanilla: I believe this is the same guy Vanilla.. It's too much of a coincidence, as not many exchangers even take money pak, etc, as that guy on that bitconexchange.cc does. He only sent those people their money because he's on a public forum. Others complained there, and then got their deposits, as he went "ghost", right after receiving their money. Anyone who is in the bitcoin industry, knows that SR exists... It's just a hunch, but I think it's the same guy. A friend of mine did business with him from finding about him on the bitcoin forums, and he only responded to email so timely before he got the money, and afterwards, 5 emails or so later, my friend got a response. After he finally got his money exchanged, and went to do another order later, the exchanger wouldn't even respond to my friends emails. What a way to run business?

That guy went by the name of Alex, which could be an alias for his shady dealings... so find out what name this douche goes by.. and follow the trail... Good luck man..

No, I did not get any name other than his name on SR, bitcoinexchange.  (BTW, I did not send paypal.  I sent a MoneyPak, which he deposited to his paypal without sending any BTC.)
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: weaver77 on September 16, 2011, 03:54 pm
I also had $300 stolen after sending this guy my moneypak code.  Stay away.  Use get-bitcoin.com instead. 
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: gaah on September 16, 2011, 06:40 pm
$200 gone here.... it's been ~20 hours since my last contact with him (when I gave him MP#).
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: nomad bloodbath on September 16, 2011, 08:02 pm
The plot thickens.

>.>
nomad bloodbath
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Paperchasing on September 17, 2011, 05:30 pm
Well it looks like I lost $400.00 too.  BCE was keeping in touch with me till yesterday.  I've sent two PM'S since and no response.  What a short sighted move, I have a bunch more MP's to convert and I probably would have given them 2000.00 at a time to convertt once they came thru for me.  This type of business is cash intensive and it never ceases to amaze me how a small amount amount of money or product will show an individuals true colors.  Seems like they would have simply been happy with a cut of it all for years to come.  Perhaps Im wrng but as of right now it doesn't look good.

Ill update here if there is any changes right away for everyones benefit.
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: mysteriouspotions on September 17, 2011, 06:09 pm
wow.. scam after scam.. that fucker just took the $$ and ran... Any updates from SR with kicking that dick outta here?
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Paperchasing on September 17, 2011, 07:38 pm
I see that the BCE ads are no longer listed on SR.  I did send a PM over to silk road about this right after I posted here, but I dont know when the ads were pulled and if it was BCE or the SR admins that pulled them.  Still no BC's so I guess its looking like it was $400.00 paid out to save myself losing much much much more at once with BCE.  Its a good thing this person didn't have the foresight to come on thru or they would have gotten me really good.  Whew!

Paper
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Henry238 on September 17, 2011, 07:53 pm
I believe SR pulled his ads.

Just wondering when/how this pr*ck is going to reappear to try to scam the community.

I see that the BCE ads are no longer listed on SR.  I did send a PM over to silk road about this right after I posted here, but I dont know when the ads were pulled and if it was BCE or the SR admins that pulled them.  Still no BC's so I guess its looking like it was $400.00 paid out to save myself losing much much much more at once with BCE.  Its a good thing this person didn't have the foresight to come on thru or they would have gotten me really good.  Whew!

Paper
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Paperchasing on September 17, 2011, 09:41 pm
Perhaps a escrow system could be put into place where the bc's are placed in escrow with sr and the mp is given to sr then to the exchanger once funds on the buyers mp are verified by sr (you can verify funds with mp without applying them) I would gladly pay a fee for sr to adminisrate this service.

Actually, im thinking about establishing a exchange seller account because ive had so much trouble trying to exchange a 400 mp.  Im quite sure theres alot of money to be made honestly exchanging currencies... and thats not even illegal lol..  If there is a admin/mod from sr reading this, care to chime in on my escrow idea?
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: chronicpain on September 17, 2011, 10:39 pm
Trust me, there are reputable exchangers out there. Borneo is one. And I know for a fact that other ones will be popping up shortly. At least one will be very reputable.... ;D
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: Paperchasing on September 18, 2011, 05:30 am
Thanks cronicpain, borneo just exchhanged several HIGH VALUE moneypaks for me, no wait, no problem and FAST!  Borneo is totally legit and definatly trustworthy.  Thanks again chronicpain for the referral!! Also exchanged the mp's at the rate that was currently shown on SR... Major a++++ straight up playa.  Thanks Borneo if yor reading this!
Title: Re: bitcoinexchange -- RIPOFF ALERT
Post by: DwightEAnderson on September 18, 2011, 03:44 pm
Current and Best Solutions:

Borneo's superb services

or

https://www.exchangebitcoins.com/