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Member icstock is running a money laundering scam

Discussion in 'The Shit List' started by Reaver, Sep 4, 2016.

  1. Reaver

    Reaver Jr. VIP Jr. VIP

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    This SL is against @icstock, a member who posted in the HaF section once for review writers, and again for virtual assistants.

    I did some work for him as a "review writer". I even vouched for him, because I was getting paid. But, here's what he never told me or anyone else he worked with: the scam he is running is completely against Paypal's terms of service, and it will get you banned.

    He's basically using you to launder money for him. He sends a certain amount to your PP account, you buy an AZon GC with it and then you keep what's left over.

    Sounds nice, right?

    Well it's not.

    The way he sends money is suspicious: you'll get it in $20 increments. So let's just say he sends you $80 to buy a $70 gift card. You'll see 4 $20 transactions sending money to your account, and they will come from 1 to 3 different accounts. (See screenshot #1 as proof.)

    I did about maybe 20 transactions before PP caught on and limited my account. So I panicked. I went back to OP and told him what happened. I remember him telling me that PP would come knocking soon, and I needed to set up a Fiverr gig to make it look like I was providing a service, when really I wasn't. I didn't set up a Fiverr gig because I wasn't interested and I felt like that was silly. (see screenshot #2)

    Well, PP did come knocking.

    I told them I was providing a service. OP gave me fake documents to send to PP but they saw right through that, limited my account and booted me.

    In hindsight I knew they'd kick me off sooner or later - but not because of that. We all know how fickle PP can be. And aside from the payments I was receiving from OP I was selling digital goods (ebooks, sales pages, etc) that kept regular money coming into my account and leaving. Since none of those goods have confirmation numbers (why the hell would they?) I knew some jackass would do something stupid like request a refund and get my account frozen. I was just waiting for it to happen.

    Fortunately I took most of that out before I got limited, but I left about $100 in the account just in case.

    Now, someone requested a refund from a transaction immediately after I bought the gift cards. That's what limited my account. (see screenshot #3) I freaked out, contacted OP, then decided to refund the person. OP said he'd reimburse me. He also promised that no one would lose money working for him. (see screenshot #4)

    What followed was a month long battle with PP to get my account back. I lost.

    Of course I was pissed.

    So I posted a warning in the original thread apologizing for vouching for OP and offering help for people who had fallen victim to him. I kind of brushed it off like it wasn't a big deal and even added a little humor to it, being sarcastic and saying that I still wanted to work with the OP (when I honestly did not). But it is a big deal. I'm not his only victim, and the fact that he's trying to recruit more makes me want to punch baby bunnies in the face.

    Funnily enough, OP admits that there's a risk involved with his business on several occasions. (see screenshot #5 for on such occasion.) He knows he's doing something illegal. He just won't admit it out loud.

    Finally, I contacted OP after the second refund was sent, which put a $75 overdraft on my account. (see screenshot #6). I told him I wanted my money back. He told me to set up a Go fund me and he'd have people send the money through there. (Wtf? but see screenshot #7 regardless.)

    I just decided to play his game. Like at this point I knew I wasn't going to see dick. But I set it up anyway and waited a week.

    I never saw a penny.

    I wasn't going to say anything, honestly, but then he opened a second thread and I just went crazy. Like how dare you try to scam even more people than you already have! And then he brushes is off in the thread like it's no big deal. [insert some very inappropriate and unprofessional words here]

    Nevertheless, I contacted OP, giving him 72 hours to reimburse me my money or a SL was forthcoming. He agreed to give me a partial refund of $150 - which I am fine with. But he said he'd do it in two different payments - $80 now and $75 in 45 to 180 days.

    He also said I could open a SL against him (see screenshot #6 again).

    I said in 45 days exactly I'd contact him again, but I'm done giving this guy so many chances. I want my $150 up front. All of it. Bc OP is banking on the fact that I will forget in 6 weeks to 6 months, but I'm not going to forget this.

    Also, I'm sure other people can vouch for a similar experience with OP.

    If you need screenshots of anything else, regarding this, please let me know. I will post them ASAP. I've got plenty.
     
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    Last edited by a moderator: Sep 8, 2016
  2. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    Shitlist Request Approved

    @icstock has been notified he has 48 hours to respond to this post.

    PS. Reminder to all who have current issues, keep it PROFESSIONAL. No name calling or other insults.

    Reminder to everyone else:

    Shit list rule #4:
    If you are not directly related to the situation, or are not offering information directly related to the situation: do not post in the thread.
     
  3. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    @icstock has not been on the forum since this was posted so I'm giving it more time to see if we can get a positive resolution.
     
  4. icstock

    icstock BANNED BANNED

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    We are really sorry to make you inconvenient. We'll reimburse you as we promised.
     
  5. Reaver

    Reaver Jr. VIP Jr. VIP

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    When? I'm tired of chasing you. You keep saying the money is coming but I haven't seen a penny.
     
  6. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    When can we expect that?
     
  7. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    Usually we do all we can to bring a SL to a positive resolution but it has come to our attention that this guy is a repeat offender and is now perma-banned.

    @alwaysinvisible, sorry that you got slapped in the face by a person that has no respect for someone that is well deserving of respect.
     
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  8. Reaver

    Reaver Jr. VIP Jr. VIP

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    Thanks for working on this @BassTrackerBoats. I really appreciate it.

    I'm sorry for anyone else who is a victim of this guy. And if you see a post in the HAF section that's similar to the ones he already posted, please report it.
     
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  9. nanavlad

    nanavlad Jr. VIP Jr. VIP

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    Thanks alwaysinvisible for pointing out this scammer
    I had read his thread and was tempted. luckily my sense of somthing wrong made me shy away
    Thanks for confirming my suspicions
     
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  10. DEADZ

    DEADZ Jr. VIP Jr. VIP

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    This seems like fraud paypal transfers(using peoples creditcards): Anybody can get those on the deepweb (at 20-25% of the total amount). And exchanging them for AGC so he can sell them for 75-90% in Bitcoins. Allthough it might not seem so, this scam is a common one. People talk about these all the time on somewhat more shady forums.
     
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  11. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    If you see anyone offering this in the forum going forward, please let me know so we can stop anyone else from getting ripped off.
     
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  12. living2xl

    living2xl Jr. VIP Jr. VIP

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    Really no offense as you are a cool member but I really thought you were smarter than this...
    Amazon GC are hard currency - paypal is not
    it is like taking paypal to send btc
    nobody does it unless its family
     
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  13. Reaver

    Reaver Jr. VIP Jr. VIP

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    Nope. Apparently I'm an idiot just like every other member of the human race. Sorry to disappoint you, person on the internet.
     
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  14. FA925

    FA925 BANNED BANNED

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    FUCKKKK, it just hit me too @alwaysinvisible and I vouched for him as well.

    Sorry for anyone that may have been affected because of that.

    I'm pissed to go through this with paypal.

    I got two chargebacks, first one for $80, I tried to dispute but lost. And just now I got another $80 chargeback, I guess he is going to attempt to get all his money back. I am not going to pay for shit, but it sucks to lose my paypal account, I'll find a way to get another ASAP.

    I just emailed him, and he said he would reimburse me, that is why I am not in here cursing like crazy, but I doubt he will.

    I'll update the thread if he pays me back or not, I dont expect him to.

    Again sorry to vouch for this guy, I, just like OP thought it was all good since I had been paid almost a dozen time. It was not. FML
     
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  15. DEADZ

    DEADZ Jr. VIP Jr. VIP

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    Sure, will do.
     
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  16. DEADZ

    DEADZ Jr. VIP Jr. VIP

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    Oh? Is it now? is that a fact what you're saying? or just personal opinion? so people aren't actually exchanging paypal for btc at all on localbitcoins and other forums everyday? and how does your comment add any value to the situation?
     
  17. Reaver

    Reaver Jr. VIP Jr. VIP

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    Just call PP and tell them what happened. Tell the truth. It isn't going to hurt anything, bc at this point you literally have nothing to lose.

     
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  18. PetalumaFlower

    PetalumaFlower Regular Member

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    It adds to the situation because it lets other people know not to convert electronic money from Paypal into pure cash, because the money can be taken back through Paypal. You get a chargeback and a limited account. The scammer gets the gift card, his money back, and is off to scam the next person with a Paypal account.

    Those of us who have been on eBay already know this. But people who have not dealt with Paypal on an extreme level, like eBayers, would not know about this scam, or that money can be taken back via Paypal so easily.
     
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  19. lissomecollection

    lissomecollection Junior Member

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    I am in the same situation as OP.The question is how can you fight Paypal.I will really appreciate if anyone could share some of their valuable information to fight this scammer,that will help other victims as well.
    Thanks
     
  20. annd

    annd Regular Member

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