Topic: 63$ Loan defaulted by [Rohan Kotkar] (Read 888 times)

To some point, I am still doubting this as you do, as there is more for CYBER_COWBOY to lose than gain in creating all this drama, as there are still active members who appear to be lending the account owner some money. Damaging their account might likely reduce their chances of getting their money back, as there will be no strong means for him to request his loan repayments, losing money and accounts all at the same time (if all the accounts actually belong to)

There seems a lot of twist in this Scam Accusations and let's see in which direction this case will move.

That is really strange that in order to gain some merits or feedback, the person will sacrifice his one account and create all this drama. As i recall all this, Rohan Kotkar took the loan from CYBER_COWBOY, then he asks to extend the loan, then he asks CYBER_COWBOY to buy his account. I can't believe that both accounts belong to a single person, and they are doing a drama here, for God knows what purpose

Probably to gain some trust ad merit as a new sheriff in town. If I remember so well, elmanchez also used to do the same thing. I think he posted in the scam accusations board and reputations a number of times before exit scamming.

From this angle, the whole thing seems schizophrenic. At least it's not clear to me what he wanted to achieve with that whole story about his loan service. CYBER_COWBOY offered loans, but on more than strange terms and outside of all the usual standards.
Now the CYBER_COWBOY account has been hacked (or so he claims), and he performs under the new Cantlogin account. If you look at what is written under that account, it is obvious that he has problems with himself.

It seems CYBER_COWBOY and Rohan Kotkar are the same person. If that is true then why CYBER_COWBOY will create a scam accusation against Rohan Kotkar. I do not think anyone will destroy his/her account without any valid reason. If both accounts are operated by the same person then there is no necessity to create a scam accusation and destroy the account.

Circumstantial evidence would suggest both CYBER_COWBOY and Rohan Kotkar are elmanchez

Rohan Kotkar is an alt of Smarty14392 (who is banned) through their shared use of whats app number 9657746573

Read on: https://bitcointalksearch.org/topic/m.62653587

I hope he can consider to pay you. Maybe something have been happen to him that he doesn't want to disclose.
I'm sure his conscience will judge him and make him to pay you back.

That had given me to think at first, that the account was sold, as it had two previous positive feedbacks for financial issues, and scamming someone for an amount of $63 doesn't seem very consistent with someone who seemed to show integrity in these matters in the past.

But if he didn't change passwords, I see it as much less likely.

You are right that it is too risky. As all the time same matter might not happen. Few lenders lost too much which is almost impossible to recover. I have also lost a lot of funds in crypto bitcoin/dogecoin and Ethereum the amount in USD right now is impossible to recover. It is too difficult to understand the mind/behaviour of the borrowers.

Its mean that giving loan is trust game, lender will judge by self  using own experienced whom to give how many loan but sometimes borrower take advantage of it. This is too risky and for becoming lender i must have big stock and also big heart to accept these loss.

i am agree that 10 people loan interest will recover loss but what will you say who  are giving loan without any interest such as MR Irfan loan thread (currently paused) . I think this is more riskier because no way to recover.

There are more that may not yet be published. Borrowers get a few times before being accused on the scam accusation board. There can't be any rule to maintain. There is a basic rule bo collateral no loan but we do not follow that. And if the loan is on fiat then if 10 people take loans and of them 1 person scams then there is the possibility to recover the loss. Lending business on the forum is too risky and we have to keep in mind about that.

Anything can happen under the table. Because we can only speculate that something might actually happen, or that it might happen. So after seeing the behavior of this user, everyone will be warned, think more deeply before giving a loan. Because of such users, lenders now have to think a lot before approving any loan. They will try to use every means to scam the lenders.

The value of bitcointalk.org accounts was inflated for a while there, especially in the ICO days of 2017 and 2018 when signature campaigns were very lucrative.  During that era (and before,) there were some lenders that would take accounts as collateral.  I don't want to mention names, and it isn't important because most are no longer active in lending or in general.  A lot of those deals happened behind the scenes, and the account would end up being sold if the borrower were to default.  

As DT started clamping down on account sales, the practicality of accepting accounts as collateral quickly waned.  That hasn't had much of an affect on high ranking accounts being given unsecured loans however, since the value of the account is still considered by the lender, but more in terms of what the account is worth to the borrower himself, not what the account is worth to the lender as a potential commodity to sell.

Maybe seller are trusted or any closed relationships so that buyer did not changed password. anyway we cannot say with 100% surety without any proof.

 Actually i mean from collateral Guranatee of any most active and reputed member of local board. most of the time local users know the nature of each one and can give guarantee (if he failed to pay, i will pay)

I barely ventured to the Lending section so I might be wrong, but IIRC, there are instances in the past where members with high  reputation --or even "moderate" ones like your example-- used their account as means of collateral, it's like saying, "my Hero rank speak for itself, I will repay the loan or anyone can bombard the account with negative trust." So yeah, unless my memory served me wrong --and there is a high probability of it, given I barely venture to the section-- "digital account" is a valid "collateral" for some.

The technique of buying an account to scam is nothing new, but I doubt this account was sold because there's no email or password change according to BPIP.

Not all users will active in Bitcointalk especially if they're not join a signature campaign. What did you mean about reputed member collateral? it's you ask an account as the collateral or you asking an escrow? well most of borrowers prefer non collateral loan and digital account isn't a valid collateral.

As I said previously, 2 positive feedback leaved on the borrower account is enough to convince the lender.

first of all feeling regret for OP. fund is not big but these scammers using different techniques to collect fund in wrong way. He asked for low fund so that you trust on him and give him loan and he succeed in his mission. possibly he bought this account cheap and use short cut and messages discussion show that he has no intention of giving back.

in last two months if i am not wrong, more than 5 cases happened here. why not make some strong rules for giving loan such as active users for one year or Reputed member collateral?

Good choice, agreeing to accept his account for payment is violating forum rules (I think). Not active for more than 1 year, then suddenly active and asking for a loan, it's likely that that the current owner has bought the account and it could be new MO of Account trader they just buy cheap account and asking mini loan. I actually don't want to say it but I think you will not get your money back, I don't think the account owner even care if the account got many red trust.

I will flag him too tho.

I think OP tried to give them some time, and waiting if they'll reply with some proposed idea of repayment, as he said on the updating post. However, after a week, it became obvious they're not going to propose anything. And thus, the update.

His last online is before 4 days of the accusation but the user has seen your post means either s/he is using another account (98% chance) or s/he has seen it without logging into the account (almost no chance only chance is about 2%). I could not understand why you took about a week to update about it.

I am sorry CYBER_COWBOY but look like he tried to scam you again. He told you to buy his account and also, he told that it was worth much more than 63$..Ahhhh

This means he wanted to sell the account to you more than 63$ and thus would have been demanding more money from you in case you agree (by balancing out the unpaid debt of 63$).

To be honest, a clean member account isn't that much worth and this Rohan Kotkar account is worthless because it has been tagged. There are other complications too like buying and selling account is not considered a good thing on the forum and it could also damage your reputation if you purchased that account.

You should forget about this money as it seems that he is a scammer and have no intention to return the amount.

Update: Rohan contacted me one week ago 12th June and said that he was very sorry and money is the reason he gets in trouble, his solution to solve this case was that I was gonna purchase his bitcointalk account (For him his bitcointalk account was worth much more then $63).
Of course I refused... then I waited maybe he truly is sorry and will give me another offer like some repayment each week or month. But no.. after I refused to buy his account he did go back into total silence again.

I know he is active on Telegram since his status is "last seen recently" and not "more then one week ago"

Also.. he said he saw this thread, but he has not been online since 31 May on bitcointalk?! So he is using another account now I think.

I prefer to give each unique address a unique label. Example: "loan repayment from Rohan Kotkar". That makes it instantly clear who paid for what.

I thinked first it was best to have same adress for all my things on Bitcointalk since on the profile you can add your bitcoin adress for some saftey reasons.
I have other wallets to that I use. But next time I will one adress for each loan  

You can still do this, even if you use different addresses every time. There's absolutely no need to use the same address for  "a lot of stuff", as your wallet can generate an endless number of addresses at no cost whatsoever. And even if your funds are spread out across multiple wallet addresses, you can still consolidate and spend them in a single transaction by combining multiple inputs.

I have been using that adress for a lot of stuff not only lending. Rohan Kotkar has not paid me a single bitcoin or dollar back.
If he would say he has paid back. (But he won´t do that, he know what he has done and are in shame) I can for sure proof him wrong because I am the one that has send all the money to that wallet, nobody else. From example: Stake & Noones.
But I will think of using a unique adress for each loan for future loans.

I often send money from Noones from my trading profit to that wallet and then I lend out money to make more profit, but instead of making more profit I ended up losing the profit becasue I trusted a scammer. 
Or if I get some winnings in Stake I sometimes also send money there.

Again thanks for the information and this will be changed for future loans  

Before I decide on this Flag, I've noticed another problem with this scam accusation:
Address bc1qlvjpqyv26eg7ar6sxzv9dfedcp2hcgnwr9f4p5 has received 16 payments since the start of this loan, and (apart from mentioning amounts in dollars instead of Bitcoin) there's no way for me to verify whether or not one or more of those payments came from Rohan Kotkar. Needless to say: this could have been avoided by using a unique address for this loan. We're using blockchain evidence, so screenshots are meaningless.

New flag with accurate link: https://bitcointalk.org/index.php?action=trust;flag=3179

This: https://bitcointalksearch.org/topic/63-loan-defaulted-by-rohan-kotkar-5455027
Flags can only link to a topic, not to a post.

Hello I will change it now

What one of this should I use

https://bitcointalksearch.org/topic/m.62144289

https://bitcointalksearch.org/topic/m.62144300

?

Thanks for the help

@examplens, @Avirunes, @GazetaBitcoin, @FatFork, @NotATether, @Poker Player, @AHOYBRAUSE, @CYBER_COWBOY: the Flag links to the wrong topic and thus shouldn't be Supported.
@CYBER_COWBOY: please create a correct Flag and replace the link in this topic.

Thank you I will think about it later, but also before I did not know how to link to a specific message.
But also its easy for people to check in my loan thread and see that these people have loaned, I have send the loan and they have paid back the loan.
Why I gave AHOYBRAUSE is becasue I think he contribus good to this forum and I don´t think he will try to scam anyone at any time. I gave him neutral first two months, so I could learn to know him little bit better, then i changed to positive.  
I have put a link to all my feedback now.





Thank you a lot for your kind words.
Yes I did not know about the campaign signature thing before, I was just make my decision from that he had a 3-5 yeard old account (I dont remeber know) and I thinked leaving it behind for $60 would be stupid.
But I was wrong and have now learned my lesson. I choose to see the positive in it that it "only" costed me $55 and not more.  




Agan thank you all for all the help I got here, all from creating flag to link to a message and everything else.
This is how a forum should work, we help each other out.
Trust me when I say that this is very good helpful information for me that I take with me for the future.
Thanks guys  

Sorry for your loss OP, this is the first lesson that you have learn in your loan business,never to borrow a member that is not in a campaign signature payroll because it will be difficult for him to pay back the loan,or rather still he might have it in mind to scam you. We have seen forum members in signature campaign that is even finding difficult to pay back collected loan due to greed. You should be very careful before you borrow anyone here loan,if possible know the forum members that are into giving out loans and contact them to seek for their advise before you give loan out to anyone to avoid another loss. I believe Shasan,examplens and the other loan givers are well experienced in the forum. You will gain back your loss in double folds  because of your good heart.

It is also very important to present all the evidence in one topic, which would later become a reference for potential feedback. The flag he created leads to his lending topic, where the accused user can change his posts and complicate the recognition of real facts.

Also, @CYBER_COWBOY, when you leave feedback to someone, regardless of whether it is positive, neutral or negative, you must provide a reference to some proof. Otherwise, it's just your word, and that's not enough. We have seen abuses of the trust system many times.

For example, without proper references, it sounds like you're trying to falsely create positive trust:

Thank you a lot!

If I may jump in, you can get a "direct link" to the message by clicking the top right side of the post you want to be referenced. For example, if I want to use your post as a reference link, I'll right-click that "#16" --marked in green box-- and copy the link.



I hope you didn't have to get to this in the future, but suppose you lend another money to another user and they got defaulted again, or suppose you're raising a flag against someone for whatever reason --not only loan default--, you can ask for support or opposition here. Examplens has done it for you for this case

Sometimes other people look at the trust score as valid points for them to trust these people and if you look at the defaulters feedback it somehow shows that he pay on his past loans. Maybe he see OP as good target to do his loan and quit scheme. For sure he will never go back here as he do this dumb action.

This is another unfortunate incident happen to a lender and I guess if many like this will happen for sure it can affect the trust of other low rank member to get a loan. Since for sure lenders will doubt to approve their loan due this cases.

I'd say how long the account has been in this forum can't used to trust someone.

But you're not wrong for trusting him because he have 2 positive feedback before, I think other user would also think the user could be trusted for $55. So you're just in bad luck, there's always a risk someone will scam even though they have many positive feedback, participate in signature campaign or have a good reputation.

Don't be surprised, a newbie account could cheat you as low as $1.

Hi everyone & thanks for all replies!  

Sadly I did not think anyone would cheat somebody for $55. That´s not how my parents teach me how life works when I did grow up.
But of course I  know nothing is 100% & he did talk me over at Telegram and also I think a 5 years old account was not worth leaving behind for $55.
(I did not know so much about merit, rankings & signature campaings at the start)

I was wrong and I have learned a lesson for next time, as I am new here its impossible to know everything from the start, I learn with time and take this as a experience.
I am glad I did deny him when he asked for $100! I see the positive things out of this that it "only" costed me $55 to learn the lesson and not more.  

Its awful that people using honest people to get some money instead of actually do honest work, but but... Also as I said I was thinking if I was gonna do this accusing, I was pretty sure it would make me never see the money again, but IF I did not do it and he scammed somebody else, it would not feel good at all for me!

Wish you all a great day and thanks for all tips and inputs! Its very good information for me for the future.

THANK YOU ALL!

FLAG https://bitcointalk.org/index.php?action=trust;u=2690537;page=iflags


& Thanks Sashan for showing me how I link direct to the message, how is it possible to link direct to a specific message on a site instead of just to the site for the future?
I bee searching for this long but can´t find how to do it

Other than that, the flaw I see is that the borrower did not participate in any signature campaign. He was a member, i.e. lower rank but the loan was low as well. If he came from a time of inactivity it is another red flag, but if he had at least managed to participate in a paid campaign when he asked for the loan, he could have been making $40 or $50 a week, so it would make more sense to pay back the loan in order to continue earning money on the forum. And yet, there are times like that when people scam.

Anyway, I am tagging him too.

He cannot sell his member account so he resorts to scamming, you should know who to trust you did not even offer collateral he is a scammer waiting to scam anyone based on his posts history, if you are going to offer again I urge you to ask for collateral and do not easily trust if he does not have something to offer like an ongoing business here in Bitcointalk.
Lending is a risky business you should know the business of lending even a long-term lender got scammed so protect your business, it's okay to say no.

Is this first time you lend money? I suggest not always to be kind, always do background check. A member account without regular source of income, no signature campaign, no offered service or business is a big red flag.

A member account and most importantly a spammers account does not worth $55 so he is not going to give your money back. I am sorry for your lose. Why did you even trust him?

Which exchange is going to give you 6.2$ for staking $55? It seems too good to be truth.

Anyway, I left a negative feedback.

I don't see a flag created by you yet. I will suggest to create a flag too.

This is where the right use of tag comes in he deserves a red tag for ignoring your request to pay, based on his post history he is planning to take a loan and leave this account for good.

It's good that you decline his request for a big amount but you should have asked for collateral even if it's a small amount,
I guess because it's not a higher rank and he cannot use it to participate in the signature campaign so planned to scam through taking a loan, I hope you'll get that amount back in other ways.

I left them a negative tag. OP, mention me here in case there is a repayment or positive solving of this case so that I can remove the negative tag.

@CYBER_COWBOY, I am sorry for this most likely loss of yours, I think that you will not get your money back. But consider that this is a very useful experience for you, costs you only $55.
I looked at the history of Rohan Kotkar posts, he was almost desperately looking for a loan. His request was ignored by the more experienced members, and that should have been a directive to you as well. He is also almost aggressive towards others when they ask him about collateral, and all this is a red flag for loan approval.


In an ideal case: Invested $55 and get a profit of more than 10% in just 15 days. I don't think any regular exchange offers such a profit from staking. How much do you think is realistic to expect for the initial $55?

People here scam for even just $5-10, Never take any chances even if the account is of high rank but has been inactive and just woke up or has no reputation at all. Some accounts are hacked into so the thief won't care about the aftermath.

I am sorry to see such a loss of you. Be careful next time before lending to anyone. Anyway, as it is a pure scam and as you created the scam accusation better create a flag type 3 so that it can be shown as "Trade with the user extreme caution" It will make aware others. I am tagging negatively the user.

---

You should add the direct reference link instead of the reference page. The reference link is this.

You are right. Most scammers are operating with a higher level accounts and to them it serves as a good cover to scam people.

There were senior and trusted members that absconded with public funds when it came to donations, so can't always trust someone even if they sounded sincere.

Well, his messages sounds sincere but the fact that he’s not trying to pay little by little as you suggested is weird.


And it seems he’s ignoring your messages on the last part. Maybe tag his profile here, in hope that he sees this thread.

Thank you I will look into it how it works later, I am still a bit new here and never done that.




Amazing. Thanks!
I will use that if this would happening again.

I suggest following the scam accusation format to properly lay out your reference links, proof of payment, payment method, etc... I also suggest following what Solosanz suggested to you.

the fact that he is online on telegram and is ignoring you shows he has no commitment to resolving the issue.

He promise to repay the loan on the last month, I think you're already giving an extra month is good, but yeah he seems want to avoid respond into your chat.


I suggest you should create flag type 2 or 3 because you're the victim, I will support it. I'm going to leave a negative feedback to him.

According to feedback on his profile and what he done in this forum, he seems to be a good guy and I expect he should able to pay the loan.

What happened: 25th April 2023 did i lend out  $55 to Rohan. He also asked me first if he could borrow $100 but I refused and said that $55 is what I can do.
Reference Link: https://bitcointalksearch.org/topic/m.62144289
Amount Scammed: $63
Payment Method: BTC
Proof of Payment: https://bitcointalksearch.org/topic/m.62144289
PM/Chat Logs: PICTURE IN THE MESSAGE
Additional Notes:FLAG https://bitcointalk.org/index.php?action=trust;flag=3179



FLAG https://bitcointalk.org/index.php?action=trust;flag=3179

25th April 2023 did i lend out  $55 to Rohan Kotkar https://bitcointalksearch.org/user/rohan-kotkar-2690537
He also asked me first if he could borrow $100 but I refused and said that $55 is what I can do. (Why just $55? Because I only dealt with money I could afford to lose)
Here is proof: https://bitcointalksearch.org/topic/m.62144289

He promised to pay back $61.38 not later then 10/05/2023.
When it was time to pay back i had to message him like "Hello you gonna pay back??", the day after he told me he need more time to pay back and wanted to extend the loan, i said ok no problem you can get two weeks more and then the new amount was $63.38.

...Then when it was time to pay back $63.38 he was in silence and I had to spam him on TG to get a reply that was

"I'm really sorry for being irresponsible. There are some things which came out of nowhere and my salary went like nothing. Please be assured, I will payback the amount no matter what.
You can also add up the interest until & unless I pay the whole amount.
Once again, I'm really sorry for the inconvenience"

And that´s okay.. but then I have see he is online on TG and ignoring me, he also have zero interest in solve this.. he not reply to me or coming up with any kind of solution.

I also offered to him that he could pay back like $20 monthly or something like that, but no reply.

I am pretty sure I will never see this money again, and that´s fine its not an big amount.
But now are everyone else warned to not deal with this user at all! (at least for the moment)


Why did I lend out money to a person that just had come back and been inactive?
Yeah I know I did take a risk, but I did not think you could be such a loser so you fooled anyone for $55 (excuse my language) when you had a good standing account that has been around for many years.
But I was wrong!

Please if you gonna reply like "How stupid could you bo lend him money? Blame yourself blabla" don´t reply.
I know its my fault, i know the risk i took. and I hope he will change his mind and pay back. but as it looks now, he has ignored me!
But it would be wrong of me if i did not warn the other people on the forum.