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Tuesday, 28 August 2012

New scam: contract margin trade scam! (and a 1B moron)

Posted on 22:00 by Unknown
If it's profitable, it's a scam. This main guideline shall lead you. However some might still consider risking accepting a profitable-looking offer. To them, let me show how a very new scam works. At first let's see a scam contract:
It says that if you have the 3 deadspace modules and two contract-only mission items, you get 1.3B. The contract items cost about 70M, all you have to buy is 3 deadspace modules. Luckily for you, they are readily available in Jita:
So for 424 M you can get the items and trade them for 1.3B.

Like the standard margin trading scam, the point is to make you buy something overpriced. Let's wonder who put that 3 items on the market for 118M? Some hint:

Of course for the scam to work, the contract must fail. For that, this particular one uses an exploit:
The item Miniature slaver is bugged for some reason. No, it's not a different item with a similar name, if I right-click on my slaver and choose "find in contracts", this very contract pops up, still I can't complete it.

This scam can work without exploit, and probably was done without exploit until the scammer found the bugged item. The trick is that after you bought his overpriced items, he deletes the contract. Of course it needs him to be online and at the keyboard. He can increase his response time by adding trash items to the contract that waste your time while you pick them all. Finally he can gain more time by making you do an extra pair of jumps for the trash. I mean you buy the trash on Jita, buy the expensive item last, want to complete the contract fast, just to recognize that you don't have the trash. Where it is?

This scam is so well thought that I fell for it even without the exploit. He would have time to delete it while I pick up my trash. Luckily my overall business expertise saved me from serious losses: I looked around where else could I get items, so all I lost was the time while my Dodixie interceptor reached Jita with 3 items:
Actually I can end this contract with gains if he buys up my deadspace items, or the next victim does.


Being so happy that I found a new scam and did not even lost money on it, I started writing my blog, thinking about it and Alt-tabbing casually to update orders. Never update orders casually like the moron of the week: me.
Needless to say, I wanted to set up a buy order for 102M and not 1020. The warning box popped up, but the official price is screwed up, so it said "this item is 65454% over the price" so I accepted (many of my implants are getting these warnings with completely normal prices). Luck saved me once as I had an implant listed, so bought from myself, but the other one was purchased really. Way to lose 950M in 5 seconds! While you are laughing, please go to the official forums and support my suggestion for a confirmation box that could have prevented it.

You can join for trade discussions to the goblinworks channel.
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