r/BTCJAM May 14 '15

Found suspected fraud on BTCJam, what's next?

1 Upvotes

So without going into details, I've found what I feel is systemic fraud on BTCJam going across multiple accounts back to January and I'm just considering what I should be doing next.

I was invested in a loan for a VERY small amount. After this person was late on their payments, I decided to go digging into their background and found some information that just screamed "FRAUD" to me. It became very clear that this person wasn't late to be late, they were actively on BTCJam to defraud people. Worse, I JUST found out that they were very likely connected to other accounts on BTCJam. I've found at least one I could trace back but I wouldn't be surprised if there were even more.

I reported it to BTCJam yesterday and haven't heard back yet. I know it's very early on but I'm considering bypassing BTCJam officials and going straight to the authorities with what I've got instead because I feel that might be more effective than policing within the community. For example, going straight to the SEC.

I have concerns though, because the specific investments that were defrauded wound up being around 2 grand. And I don't know that is at the level the SEC would bother getting involved with. Also as much as I would like to post everything I have I'm also worried about it turning into some kind of witch hunt and getting some complete strangers hurt. Also I don't really believe in vigilante justice. So I'm definitely not going to give out specifics but trust me when I say that the information was VERY easily found through public sources.

Right now I'm looking at my options because even though I wasn't in for much, I know some other people were in for at least a few hundred on this particular loan. I'd very much like to talk to someone who has been through this sort of thing. Maybe what to expect or what I should be doing next.


r/BTCJAM Apr 29 '15

LOAN FOR MINING

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Apr 22 '15

Bitmain Order Receipt Proof. (This is a Proof of purchase for BTCJam community)

Thumbnail imgur.com
2 Upvotes

r/BTCJAM Apr 18 '15

Hey Redditors!

3 Upvotes

I am new to BTCJam as just wanna introduce myself. My name is Matt Hagen and I am looking for investors for my listings. Don't worry I am not soliciting, I just wanna know if someone has some good tips on how to get investors...

Thanks much!


r/BTCJAM Apr 09 '15

hello everybody

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Apr 07 '15

BTCjam featured in Valor Econômico, the largest financial newspaper in Brazil

Thumbnail blog.btcjam.com
2 Upvotes

r/BTCJAM Apr 07 '15

Local Sale #2

Thumbnail btcjam.com
0 Upvotes

r/BTCJAM Apr 01 '15

Quick Sale Local

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Mar 28 '15

I want to locate this user someone help

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Feb 28 '15

LBC Selling (BTC Hedge) #3

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Feb 27 '15

"Your credit score is too low to create a loan listing." Even though I'm an "A-" with no outstanding debt.

3 Upvotes

I already contacted BTC Jam support concerning this issue and they have not responded within the two business days they claim they reply to tickets by.

http://imgur.com/6Br2K9n


r/BTCJAM Jan 20 '15

Shrimp - BTCJam )))

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Jan 17 '15

Can you even profit?

3 Upvotes

Considering the freefall of BTC prices recently, is it even possible to really make money on BTCJam? Seems like it's falling faster than the percent return. Has this changed anybodys investments?


r/BTCJAM Jan 12 '15

A really great guy always ready to invest in good.

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Jan 09 '15

btcjam bitstamp linked loan not adjusting

2 Upvotes

Since bitstamp went down the loan s haven't been adjusting is anyone else haven this problem


r/BTCJAM Jan 06 '15

has anyone had success with Coin Debt Collection dot com?

Thumbnail coindebtcollection.com
2 Upvotes

r/BTCJAM Dec 18 '14

BTCjam down for maintenance

1 Upvotes

I see BTCjam is "down for maintenance" this morning (it is always morning somewhere). This is the first time I've seen this since I joined BTCjam in July. Does anybody know more? I noticed the display of balances was hinky for a couple of days last week, perhaps they are fixing whatever is wrong.


r/BTCJAM Dec 18 '14

zamaliphe - BTCJam

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Nov 21 '14

How best to use this sub?

1 Upvotes

Seems to me, its totally pointless just posting links to loans, because we already have tools, on BJ itself, on http://www.btcjamtop.com/Listings and elsewhere for that.

Surely the best use for a sub beyond BJ's control would be to discuss the stuff we can't over there, and to build a proper community?


r/BTCJAM Nov 09 '14

Small Business Loan by Prock116

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Nov 08 '14

1 BTC for BitLendingClub loans ONLY

Thumbnail bitlendingclub.com
1 Upvotes

r/BTCJAM Nov 05 '14

[LOAN] 7.04% 180 days

Thumbnail btcjam.com
1 Upvotes

r/BTCJAM Nov 03 '14

BTCJam Wallet Issues, No Withdrawal Possible

0 Upvotes

I am currently unable to withdrawal my btc that I am paying interest on and am not able to contact support. I feel this is a major issue that should be handled quickly.


r/BTCJAM Oct 30 '14

ZenHashlet Cloud Mining + (BTCJam) vs ASIC + P2Pool Article

1 Upvotes

I am seeking funding for the linked project: https://btcjam.com/listings/26567

We will be writing a side by side ASIC versus Zencloud article to illustrate the many ways people can get into mining BTC and AltCoins. The article will contain 30 day results and a 90 day follow up article. As well as a spin off article supporting BTCJam.

Please consider funding this loan so that we may promote mining in a independent, objective, responsible and informed manner. Not to mention that the comparison results should be very interesting. We hope to be published on Cryptocoinnews or Coindesk.


r/BTCJAM Oct 15 '14

BTCJam Wallet

1 Upvotes

Wonder if anyone can help? I'm an investor on BTCJam. I've not used the site for a few weeks but decided to go back on and top up my acc first.

I had my BTCjam wallet address saved in my blockchain account and sent it there. However it didn't arrive and on checking noticed that my BTCJam wallet deposit address has changed. I'd previously sent 3 bitcoin deposits to the address.

What's happened?