Buying house with fake tokens - page 4.

Coin_trader

copper member

Activity: 2800

Merit: 1179

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Quote from: re-start on August 13, 2022, 05:36:47 AM

I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.

what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

Is this even possible? How come does the real estate agent allowed this kind of transaction that put the buyer at risk. A lawyer that will notarized the deed of sale will surely question this kind of transaction so how did story actually happened.

Please provide link to the source to verify the authenticity of this story because it’s so hard to believe that this kind of story will actually happened in real life especially the amount of money involved is very huge for this kind of risky trade to slide.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

Buying a house is really difficult because there are a lot of papers needed from the sellers and buyers.
The scammer here is really dumb to use fake tokens to buy property, not a good move to scam people. I don't believe this, maybe fake news.
Even if he/she successfully bought using the fake token, what will happen next? If there's a problem from the transaction, the scammer will not be succesful at all.

Takyeon

member

Activity: 63

Merit: 10

I don't believe this, unless you aren't sharing every details available, house owners have access to what we called proof of ownership and if someone can use a token to buy those properties how are the owners able to pass the proof of ownership to the buyer? This is a case that can be solved in court.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Can you share the links though? Because I'm thinking, what kind of fake token this scammers used? And I think the sell will be voided by law because it's obvious that he didn't pay it. So the lesson here is to really first everything first before accepting any transaction that involved something like this. In the first place, if seller is not aware then why would he accept crypto in the first place? There are a lot more questions that answer in this case. And that is why it's better to get the whole story first as to what transpired and how this criminals pulled this scam so that we are going to be warned at least and know the MO.

re-start

member

Activity: 156

Merit: 58

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I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.

what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.

Update:

That person has been arrested.
I was reading a newspaper with my brother and I only saw this description. There was no name or address.
I texted my brother to bring me that newspaper to read it again.

Update2:

Well, I decided to close this topic. Because I can't find the source link and I don't want to confuse you guys.

Topic: Buying house with fake tokens - page 4. (Read 421 times)