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This guy is my hero...

Discussion in 'BlackHat Lounge' started by testdrive, Aug 11, 2013.

  1. testdrive

    testdrive Regular Member

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    http://www.dailyfinance.com/on/man-...maing-grid7|maing5|dl15|sec1_lnk2&pLid=356237

    Man Writes Own Credit Card Contract, Sues Bank for Breaking Terms

    When you get a credit card application, you have two choices: You can sign it and send it in, or you can decide you don't like the terms, and throw it in the trash.

    But a Russian man went a third route: He changed the terms of the contract to be more to his liking, and wound up with a credit card that gave him unlimited, interest-free spending.

    Russia Today reports that Dmitry Argarkov of Vornonezh, Russia, didn't find the terms of a credit card offer he received from Tinkoff Credit Systems in 2008 appealing. But instead of ripping it up, he scanned it into his computer, rewrote the terms to be much more in his favor, printed it out, signed it, and mailed it back. How much more in his favor? Under the new terms, he was to have a 0 percent APR, no fees and no credit limit. And the bank would incur huge fines every time it violated the terms of his agreement.

    When the bank got back the application, it apparently didn't bother to check the fine print, and sent him back a credit card. And when the bank terminated the card and tried to sue him for unpaid balances and fees, the court ruled more or less in his favor: It ordered him to pay his unpaid balance of 19,000 rubles ($575), but otherwise waived all other credit card fees.

    "They signed the documents without looking. They said what usually their borrowers say in court: 'We have not read it,'" his lawyer, Dmitry Mikhalevich, told members of the press after the ruling.

    But Argarkov isn't done with the bank: His contract calls for a 6 million-ruble ($182,400) termination fee, as well as a 3 million-ruble fine for each violation of the agreement. Since the bank canceled his card and tried to charge him interest and fees, he's now suing the bank for 24 million rubles ($730,000). Needless to say, the bank has pledged to fight.

    "According to our lawyers, he is going to get not 24 million rubles, but 4 years in prison for fraud. Now it's a matter of principle for @tcsbank," tweeted Tinkoff Credit Systems founder Oleg Tinkov (pictured, above).

    Maybe next time they'll read the fine print they're so fond of using.
     
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  2. lmxftw

    lmxftw BANNED BANNED

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    this gives me an ideea :D
     
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  3. deathspank

    deathspank BANNED BANNED

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    its funny the bank doesn't want to follow its contract lol
     
  4. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP Premium Member

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  5. super11

    super11 Senior Member

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    One way of looking at this is...Banks and other credit card companies have been robbing citizens for years and years with the FINE PRINTS THAT are written SMALLER THAN THE SMALLEST WORMS on the planet. So, This is just a PAYBACK!!!
     
  6. VinceC

    VinceC Elite Member

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    Banks are all bullies. Be it good or bad times, they rob ppl money without blinking their eyes. Having so low interest rate for the money keep under them, yet pay so high for the loan interest ....
     
  7. thatslife

    thatslife Registered Member

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    A single tear come out my eye. So beautiful, hope he wins.
     
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  8. thatslife

    thatslife Registered Member

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    If they didn't read the fine print it's their fault, they signed a contract as well.
     
  9. thatslife

    thatslife Registered Member

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    The worst part about banks being bullies is that the masquerade around as the saviors. And everyone buys it. Literally.
     
  10. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    great. Even if he loses he's made a massive statement about how the credit card companies rip people off every day.
     
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  11. exile

    exile Regular Member

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    A modern day Robin Hood
     
  12. gullsinn

    gullsinn Jr. VIP Jr. VIP Premium Member

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  13. ShadeDream

    ShadeDream Elite Member

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    I would say he had more balls than anything. Modifying the contract isn't exactly hard, it doesn't make one a genius, it's the consideration of possible future consequences that matters.
     
  14. Emp1!

    Emp1! Junior Member

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    Best idea ever. In the company I am working, a company edited the term of the contract related to the usability of content sent (kind of copyright right). It was spotted.
    But if it was not, then it will be fully legal to do whatever they wrote...

    So yeah, I think you can do the same thing to your bank and win in my country. Very good to know :)
     
  15. 1337python

    1337python Regular Member

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    So much win. This is great
     
  16. VinceC

    VinceC Elite Member

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    For the one who neg rep me, I do know how the banks work, but it is my own opinion, and it stands firm.
    View attachment 36363
     
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  17. TehEpidemick

    TehEpidemick BANNED BANNED

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    i have no idea how the bank hopes to win on a charge of fraud. The guy printed out a contract signed it and sent it to the bank, who signed it. I thought fraud was lieing on a contract or not following the terms of a contract. bank should have read it.
     
  18. closedCaption

    closedCaption Regular Member

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    I completely agree...every judge with a common sense will at least set this guy free and force banks to pay for the trial and his liabilities...I don't know on what grounds is this a fraud?

    He didn't counterfeit anything, he didn't lie about anything, he just sent his version of contract to the bank and they accepted it. No way this could end up bad for him, unless some serious corruption gets involved.

     
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  19. Seljo

    Seljo Regular Member

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    At least someone who screwed the bank Huray :)
     
  20. Conor

    Conor Jr. VIP Jr. VIP

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