Topic: Removal of escrow.ms? Update: Recommend users for DT 2, as escrow.ms is removed - page 13. (Read 19834 times)

LOL Many people have lost trust color..

I'm just wondering that
1) Who moved the thread back to Reputation again, as the edit and the thread purpose was to discuss DT removal of escrow.ms and his potential replacement.
2) If this is going to create another CITM like scenario, where people start complaining about their reduced trust rating

Lastly, theymos was a discreet in removing him, didn't even notice it until now.

Looks like that escrow.ms has been removed from DT and therefore the users under his trust were also removed. However almost all of them are very trusted in my opinion and should still stay in DT. Some rough examples:
icey, bithalo, hedgy73, SebastianJu, snarlpill...

Full list:

Because of his removal, most trust score ratings (including mine) have dropped drastically.

Captains of industry
http://qntra.net/2016/02/bitcointalk-default-trust-member-escrow-ms-arrested-for-debit-card-fraud/

YES.

NO.They were criminals and police wont involve other innocents who are just trying to earn some money.Though anything significant might be traced.

In India at present, RBI did not impose any regulations governing virtual currencies.
RBI on 2013 probably, issued a press release on virtual currencies like bitcoins, litecoins, dogecoins etc. stating that creation, trade and usage of virtual currencies as a medium for payment is not authorized by any central bank or monetary authority. 

But after this situation I think they will become strict to their neutral terms! They cannot declare it as illegal since bitcoin enthusiasts in India are growing rapidly nowadays but they might be on the strict side in terms of law from now on.

Well, this is sad to say the least, good thing he didn't harm anyone on the forum, which he could have if he wanted to, considering the amount of trust level he had.

What I want to know is, would this have any affect on Bitcoin in India or other bitcoin traders who had deals with him or BTC traders in general?

Omg! This is unbelievable!
I knew Pankaj after I got to know about bitcoins on June 2015. This is because I had several small trades with him via Localbitcoins when I first wanted to buy some btc and know about its mechanisms.

I had contact with him on Whatsapp and there he explained me everything starting from how a transaction works and all other technical details.
He seemed to be a humble guy to me. One day he mentioned about this forum and asked me to join here so that I can get to know the community better.

From that time onward I used to trade with him on Localbitcoins and he had 2 profiles there:
1. https://localbitcoins.com/accounts/profile/escrowmsa
2. https://localbitcoins.com/accounts/profile/bitcoinsbazaar

Just now I noticed this article before I tried to pm him asking for reasons of his absence on LBC.

And this crime is absolutely unforgivable (specially in India) if he had knowingly done this.

http://www.business-standard.com/article/pti-stories/card-cloning-racket-using-bitcoins-busted-1-held-116020901233_1.html

I don't think escrow has been trustworthy pretty much since John K left. Also feels like buyers have lost interest in requiring escrow as its the lesser of two evils to trust a seller.

That's probably it.However,there is still no first hand information but only a bunch of articles.

alt accounts ?

Yes he did but i just pointed out a possibility.

Get rid of the mom's basement.

Of course you are,read again and if you couldn't come up pointing out the difference then i will make it more clear for you.

No.

Really? So if I ran a service working with someone like master-P, I would not be dishonest if I were to take a cut of any coins he scammed in exchange for changing them to another currency? Do you seriously believe this?

So because he had lots of points on a forum he deserves the $40k that he stole? Am I misunderstanding?

The article would have to be wrong for him to not be blamed it states "Bhardwaj has confessed to having sent Sheikh bitcoins equivalent to more than Rs 30 lakh in the past four-five months. The police also recovered cash totalling Rs 8 lakh from Bhardwaj's house.""

If he confessed he is not innocent.   So article would have to have a massive mistake for him to be innocent.   You don't confess normally if innocent.

you have to blame the man, merely some sort of basis of Article?!
only the court will determine whether he is guilty or not.
or at least, is the official confirmation of the arrest the same person?

No one's supporting him dude,they're just trying to figure out what could have possibly went wrong for him to take this step.

Did you read the article ? Read it again.Maybe he loved doing it ? Its his life choices and he totally served his position in the forum a trusted and reputed escrow and a trader (in online community).Though he was doing his off shore scam business he never ripped a penny with his escrow services or trades on localbitcoins.What he did off this forum was totally his choices ,as far as rep on this forum is considered I'd say he deserved it.

Forced to do so? How? They blackmailed him? I don't know why are you defending him so much. He himself confessed his crime and he did it for 4-5 months which means he was aware of his wrong doings.

Do you mean to say money laundering doesn't make a person dishonest? Can't believe people support him after doing something that's against the law. About honestly, yes he honestly did transfer money via bitcoins to Dubai for the amount he was paid. He was involved in cloning debit cards which is a serious offense (no matter how honest he was on this forum but he was arrested for transferring fraudulent money to Dubai) which was obviously for terrorist or other illegal activities.  TOI wouldn't be so wrong about his confession. No matter what position you hold on an ONLINE FORUM, it doesn't give you the right to launder money. PERIOD.


Edit: To answer the below quote:

"Bhardwaj revealed to us that Sheikh would procure data related to debit/credit cards through his sources," --- This means he knew where the cash is coming from and was the receiver of the funds means he was involved in the complete scam but played a small part. "Bhardwaj was identified as the receiver. "

After whatever happened, I don't want him to own a position in DT1 again. This wasn't a mistake that he did but it was a crime irrespective of his earlier reputation here which he earned, he lost everything by sending funds to criminals.

Yup thats what I meant.

I would agree to remove him from DT and all that because it's just officials now and there is nothing that can prove .MS is back,not even signed message lol.But calling him a scammer and blaming his reputation is just childish.He is on forum since years and why didn't he scammed anyone ? or he had a vision when he joined BCT that he is going to get an offer like this in future and he was then building trust for that.Master-P was a coward/loser and a dishonest person cause he actually ran away with the money and tried to justify it saying hack stories.

This is not the case,.MS was not selling anything of his own but he was taking the money from fraud cloners and sending/transferring coins internationally,probably for his cut.

There is also a possibility of him being forced to do this etc...

Yes but he didn't made the fake reputation in order to card fraud in future.So stop Demeaning.

Just yank him from default trust and move a long. He is obviously guilty so not much else needs said or done in my opinion.

I don't think it matters if he was stealing from members of the forum or scamming "the big bad banks" of India (BTW it is possible that he had stolen from people on here and they didn't know about it). Stealing is still stealing, period. 

According to the story he was laundering the money over several months. He also likely used his strong reputation to make trades that allowed him to carry out his scheme. If he were to scam one of his trading partners then he would no longer be able to carry out his scheme.

I believe there was also an allegation that he left trust for someone that was attempting to influence the outcome of a LBC dispute. I don't know if this allegation has any merit though.

Well this mean that I can't easily believe escrow even they have enermous trust value from now.
So sad this can happen and Fell glad that he did not scam anyone here on this forum ....