Accusation against Zazarb (escrow) for misconduct (Dropped) - page 3.

What happened: Zazarb moved funds from escrow address after explicitly agreeing to keep the escrow funds in the monitoring address. He then proceeded to use the escrow funds in his high-interest lending business to lend out and earn interest without the consent of either party. He ignored my request to move the escrow funds back to the address. Zazarb is refusing to release escrow to my current address as well as the repayment address agreed to between the parties.

Scammers Profile Link: https://bitcointalksearch.org/user/zazarb-369212

Reference Link: https://bitcointalksearch.org/topic/urgent-need-02-btc-loan-repaid-1318061
Amount Scammed: 0.01BTC
Payment Method: Bitcoin

Additional Notes:

zazarb agrees to not move funds:

Quote A

if you want I can escrow this, but it is not guaranteed that people who have left you negative trust, will remove it.
(I will send confirmation to blazr and QS)
escrow address if you want monitoring 13onqzPnGzazarbReooW4sBkqEgKPoMwZV (you should send full amount +tx fee)
or without monitoring, and fee free 1AxyPdVoRVkita9fnqCYaYZgssKvbzEpbL

What do you mean by monitoring??? And what about full amount???
The only thing remaining here is interest, and that is BTC0.01 for Watoshi Sir, so do you mean that I need to send BTC0.01 to that address starting with 13 plus tx fee??? I am ready to send that much to you, but after Sunday/Monday, because I will get paid by my campaign guys this Sunday/Monday... About last week's earnings, I redeemed them because I needed to pay some real life bills and I told this because I know, some over-smart people will come up and ask for the same... Wink

monitoring - you can see account balance that the amount unused,
Yes I mean remaining amount what you owe for watoshi.

Quote B:

Quote from: zazarb on September 27, 2016, 08:08:58 AM

Quote from: gkv9 on September 27, 2016, 07:53:22 AM

Hey guys, I would like to update you that I recently got a message from manager that I got paid currently... Grin

I am extremely happy that now I will be able to put the amount in Zazarb's escrow service to prove myself innocent... Cheesy

Quote from: zazarb on September 20, 2016, 05:13:51 AM

if you want I can escrow this, but it is not guaranteed that people who have left you negative trust, will remove it.
(I will send confirmation to blazr and QS)
escrow address if you want monitoring 13onqzPnGzazarbReooW4sBkqEgKPoMwZV (you should send full amount +tx fee)

Can you please confirm that the above mentioned address with monitoring is still on???
I will then send the amount... Also, I would like to let you know that only BTC0.01 is remaining, so please let me know that exactly how much should I send you to that address???

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

This is zazarb from bitcointalk. Today is 27/09/ 2016

I confirm that address to escrow 13onqzPnGzazarbReooW4sBkqEgKPoMwZV
please send remaining amount what you owe Watoshi-Dimobuto (0,01BTC+tx fee 0.0001)
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v2.0.58
Comment: https://keybase.io/crypto

wsBcBAABCgAGBQJX6mDtAAoJEEesS+GBgNwFyI0H+gPLFNQbfweCrJ0NfauasDOL
RSNwWmA4EXjpkRK1VAH3xBTheMmbGyb/H75pbajD5s0yBeWzuVZzhugrZB5Wq1xj
xRGwLRksS2KvVLTYdCULGT1cr7Im0dH7h8G27vsKR3qVWwW5qwHX+PZ85Om0sXSa
mOjkJfhfXv1818ms2bKfxw817M0ek++Zi7WuOa+JxkJXIug4TbFWmPla9FdDRH+d
6ARAXNmYaZ0hBL8DZlk5jG4tZd16ChlMycYTEtovBJA2GJv6RsiE55ZYPatNFeFQ
0NnnVI4OARm/7JUKcjX79XvKKheyhdiRJQZ/892x/xFlQX46j62ukWPbeyi8KgA=
=ARJ3
-----END PGP SIGNATURE-----

zazarb moves escrow funds on 2017-06-21:

Escrow address : https://www.blockchain.com/btc/address/13onqzPnGzazarbReooW4sBkqEgKPoMwZV

Balance history : https://bitinfocharts.com/bitcoin/address/13onqzPnGzazarbReooW4sBkqEgKPoMwZV-full

Timeline :

2016-01-12
I give loan
2016-02-17
gkv9 repays principal (36 days)
2016-09-27
gkv9 repays interest to escrow zazarb (223 days)
2017-06-21
zazarb starts to lend out escrow funds (267 days)

zazarb was fully aware of my inactivity for around 200 days when he explicitly agreed to keep an outstanding balance of 0.01BTC in the escrow address. He violated the agreement within 267 days.

zazarb uses escrow funds to lend out and earn interest :

zazarb's lending services : https://bitcointalksearch.org/topic/zazarbs-quick-loans-escrow-1161170

Quote from: zazarb on May 17, 2020, 05:16:37 AM

I did not borrow in this forum (in real life too), because I always have more funds than I need. So your statement that I misappropriated the escrow funds(even 0.01BTC!!! is funny.
My address you mentioned, was used for my daily operations, after some time its was changed to other, escroved fund moved too.
My agreement was not found Watoshi-Dimobuto to provide funds.He had to turn to me and better not after 100 years

I did not request any remuneration for this service, and I am always ready to do agreement. The only condition i have to be 100% sure that funds will go to the real Watoshi-Dimobuto.
This is why i am asking you sign with one off address you staked here.

Ignores request to move the escrow funds back.

https://bitcointalksearch.org/topic/m.54450284

Refuses to release escrow to original repayment address unedited and quoted in the opening post of lending thread

Quote C :

https://bitcointalksearch.org/topic/m.54456532

Quote from: zazarb on May 18, 2020, 08:46:00 AM

Quote from: Watoshi-Dimobuto on May 17, 2020, 02:44:38 PM

Quote from: Quickseller on May 17, 2020, 02:42:43 PM

Quote from: Watoshi-Dimobuto on May 16, 2020, 10:15:59 AM

Quote from: zazarb on September 27, 2016, 08:08:58 AM

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

This is zazarb from bitcointalk. Today is 27/09/ 2016

I confirm that address to escrow 13onqzPnGzazarbReooW4sBkqEgKPoMwZV
please send remaining amount what you owe Watoshi-Dimobuto (0,01BTC+tx fee 0.0001)
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v2.0.58
Comment: https://keybase.io/crypto

wsBcBAABCgAGBQJX6mDtAAoJEEesS+GBgNwFyI0H+gPLFNQbfweCrJ0NfauasDOL
RSNwWmA4EXjpkRK1VAH3xBTheMmbGyb/H75pbajD5s0yBeWzuVZzhugrZB5Wq1xj
xRGwLRksS2KvVLTYdCULGT1cr7Im0dH7h8G27vsKR3qVWwW5qwHX+PZ85Om0sXSa
mOjkJfhfXv1818ms2bKfxw817M0ek++Zi7WuOa+JxkJXIug4TbFWmPla9FdDRH+d
6ARAXNmYaZ0hBL8DZlk5jG4tZd16ChlMycYTEtovBJA2GJv6RsiE55ZYPatNFeFQ
0NnnVI4OARm/7JUKcjX79XvKKheyhdiRJQZ/892x/xFlQX46j62ukWPbeyi8KgA=
=ARJ3
-----END PGP SIGNATURE-----

Please release escrow to 1P6WESDzkd2qZGZNXVP2pM8XiFUuPQnwKk

The original terms of the loan were that you would receive payment to 1624xVu7J5nscwYqmuBvhPidjMvBqgoN5H

Are you willing/able to receive the payment to that address? If so, that should resolve any issue of the possibility that your account might be hacked.

Yes. I am willing to receive payment to 1624xVu7J5nscwYqmuBvhPidjMvBqgoN5H

Since you can't sign with this address, how you reach this fund, after I will send it?(address inactive since 2016-02-19) I just want remind that initial reason why gkv9 sent fund to escrow , was that there was a fear that this address might not be used longer.
Or you, after a failed attempt to retrieve btc, try to just burn them?
Who will compensate loss if it turns out later that you're not real watoshi?

Other notes :
Reputation thread Watoshi-Dimobuto v. zazarb/Lauda https://bitcointalksearch.org/topic/watoshi-dimobuto-v-zazarblauda-5249117
LaudaM has no direct connection to this scam accusation. My private messages to LaudaM ware about reconsidering trust feedback on my profile for loan default of 0.06 BTC ($15 on the date) by Watoshi. This was after the same person defaulted on another loan after giving this account as collateral. I did not break any forum rules, default loans, scam anyone or hack this account.

I strongly believe zazarb's conduct as escrow is terrible and he should pay reasonable damages and be banned from acting as an escrow. Tolerating this kind of behavior would mean escrows can gamble with escrow funds and all will be forgiven as long as the escrow agent pays it back in the end. Escrows must not put escrow funds at risk. Zazarb not only violated this principle, he used the escrowed funds as an interest-free collateral-free unauthorized loan, and lent them out at his discretion.

Topic: Accusation against Zazarb (escrow) for misconduct (Dropped) - page 3. (Read 589 times)