Topic: Scam Report Against CryptoXchange $100k USD - page 7. (Read 26299 times)

Agreed these people around here seem to think they are immune from them laws well hate to break it to them they are not and BTW the taxman wants to know what your up to as well..

I'm beginning to think there needs to be an "AML/KYC and You" sticky at the top of this forum.

We can already see how it is going to end he is not getting the money, it has been at least a month now that he has been on this thing all the time not providing the required docs and I don't see him changing course anytime soon after continuing on this path all along. He seems to think that by going down this route of making BS posts to try and hurt their reputation will get him somewhere, well that only works when you have right on your side and have done the correct things necessary to get done what needs to be done in the proper manner. Only then do you have the chance to get it done, may not always work if the people your dealing with are a piece of shit but until you get there having done it all according to the proper procedures you will never know.

will see how it ends. very curious what kind of documents he provide

Yes like the one reply I read in one of these topics on this subject where I seen the crypto guys say his faked documents were worthless as proof or the other reply by him where he said he got the coins from a third party. So there is more here than meets the eye who knows where the truth is but I would put my money on this idiot being in the wrong more than the reverse being true..

Ultimately they can't keep the money.  He'll either satisfactorily identify himself and the origin and destination of the funds as required by AML/KYC laws and his fund will be returned to him or eventually his funds will be transferred to one of the government unclaimed money funds from which he can recover ti upon providing proof of his identity and the legitimacy of the funds.

What CryptoXchange cannot do is simply ignore suspicious matters.  If they fail to carry out OCDD and enhanced KYC in relation to suspicuous transactions/accounts, they are liable to huge fines if it turns out that the account was being used for illegal purposes - and unlike Wachovia, I doubt  that CryptoXchange can afford huge fines or that the prospect of imprisonment is an attractive one.


And CryptoXchange can pay a certified document examiner to check the authenticity of the documents.

yea but so far he didn't send any aml doc, that doesn;t mean he is a scammer.
for 20k he can pay a con artist and send as many aml documents crypto guys want. i think there is something more there with that exchange.

On a transaction of this size they need to know who the money is going to to report for AML purposes this transaction has not one hope in hell of ever going through without that confirmation. And I know if someone had $100k of my money and all I had to do to get it was provide the proper docs well as soon as humanly possible I would have it in their hands. Oh and nowhere have I seen the crypto guys say they will not give the money to him only he has to provide the proper documents to get it.

....no. CxC can keep it. Scammers deserve to rot.

true on that. but how come the cryptoxc guys didn't pay him the money back?
yes lets say he is a scammer but that doesn't mean the cryptoxc guys should keep the money right?

Don't know how you came to that conclusion I have seen the crypto people on numerous occasions tell this fool to provide the proper documents if he wants his money so far he has not complied. So sorry about his scammer luck he obviously does not to reveal his true identity so his scam is done with for now..

No, it was well before bitcoins.  Simply a transfer of money from one country to another.  We had raised funds in New Zealand from local investors and were sending it to Australia where the operational business was located.  Due to the size of the particular transfer it was flagged for inspection.  When it cropped up, we were asked to prove what we were doing and it was fairly simple to resolve via a phone call because the people involved knew each other.  That is, one of the other directors was an ex-head of corporate banking from one of the main trading banks, and he knew the head of retail banking at the bank we were using (because he had employed him some time earlier).

When doing IMTs (international money transfers) there are several places it can get stopped.  As an example, I shifted some AUD back to NZD , did all the paperwork, paid the fees and had my receipt etc, went back to my office in Melbourne and noticed I had made an error.  Walked back to the bank, fixed the error and the funds went through correctly - definitely not instant, and having a receipt doesn't necessarily prove the transaction is made.  Also, the receiving bank can hold the funds before depositing it into your account - that's part of the SWIFT system.  ie, out of your account to the bank - transfer of value/fx - receiving bank account, distribution to recipient = four accounts and plenty of places it can be scrutinised.

i think there is something fishy on both sides.
the customer didn't provide the aml doc
exchanger was happy with that and keep the money

What kind of unprofessional guys are you that you attend a wedding or stay sick but you don't pay attention to your clients?
I mean it's 100k, the image you guys are giving is horrible.

Just out of curiosity, would you mind telling if the inquiry you've been subject of had anything to do with bitcoins?

Dude.. return his coins!!! Don't you understand this will ruin your business if not solved immediately..
First he was a trusted customer, and then you come up with a story about his IDs.. How could you then transfer money to him in first case??
How can you say those bitcoins are stolen??? prove it! I thought bitcoin is anonymous... Correct me if wrong...
And like some one said before... You are not the bitcoin police... Return the money.

I prefer the latter. Not for the reasons you said in your original msg, but to avoid things like what we see in this thread (submitting personal data, account seizures and freezings, lack of privacy, government interference, taxes, tainting of coins etc etc).

I understand some people need the liquidity, and perhaps can't afford to search for a trustworthy trader every time they need to trade. But if you don't have such needs, then avoid escrowed exchanges and go person-to-person.