Scams in EVE Online: Difference between revisions

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===The drunken buy order===

The drunken buy order is ~~a very cleverly constructed multiple layered scam,~~ so called because it is often announced in local that a player must have been drunk when they placed a buy order.~~ ~~

The drunken buy order is so called because it is often announced in local that a player must have been drunk when they placed a buy order.

It's a Trap

The scammer announces in a local channel that a player must have been drunk when they put up their buy order and invites you to check it out with a link to the item being sold. At first glance will see that a player has put up a buy order ~~paying~~ great deal more than the sell price of the product.~~ ~~

The scammer announces in a local channel that a player must have been drunk when they put up their buy order and invites you to check it out with a link to the item being sold. At first glance will see that a player has put up a buy order offering a great deal more than the sell price of the product.

How it works

Greed and instant riches (if you are quicker than others), are the primary ~~mechanisms~~ that they are ~~triggering~~. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten fold or more they can feel compelled to fill the buy order before the next person sees it~~. ~~

Greed and instant riches (if you are quicker than others) are the primary motivations that they are exploiting. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten fold or more they can feel compelled to fill the buy order before the next person sees it.

~~ ~~

~~But this is so much more, this scam makes the scammer ISK in many ways ~~

~~ ~~

Firstly they buy up a not to well known item that there are not to many of in a region that is for example priced at 20,000 ISK Each, then put them back up for sale in number of carefully quantified and varied prices averaging 2 million each.

~~Secondly they put~~ up ~~they~~ put up a few buy orders~~, some very low at~~ 20,000 ISK ~~Each then~~ the drunken ~~one~~ offering 20 million each.~~ ~~

This is how the scam is set up:

#The scammer buys up all of an uncommon item in a region, say for 20,000 ISK each.

#They make a bunch of sale orders to sell them for around 2 million each.

#They put up a few buy orders for 20,000 ISK each.

#They put up the drunken buy order offering 20 million each with a large minimum number, say 200.

#They transfer most of the money out of their drunken buy account.

~~Thirdly~~ they ~~train "Margin Trading"~~ and ~~use this trick yourself~~. ~~(Ability~~ to ~~make potentially risky investments work in your favor~~. ~~Each level of skill reduces~~ the ~~percentage of ISK placed in market escrow when entering~~ buy ~~orders~~.~~) This is so any~~ buy ~~orders~~ can ~~be canceled if~~ the ~~player who made the order does not have sufficient funds~~ to ~~complete~~ the ~~buy~~ order. ~~ ~~

This is how they hope it falls out:

#Chump sees the opportunity to buy item unknown to them at 2M ISK and sell at 20M ISK each.

#Chump buys enough items at 2M ISK to fulfill the buy order.

#Chump attempts to fill the buy order. However, the buy order was on margin, and the drunken buyer can't come up with the cash to fulfill the order, and it fails. The chump is left with a collection of items they bought at inflated prices and can't sell except for chump change. The scammer pockets (in this case) 200 * 2M - 200 - 20K = 396M ISK.

~~This trick is that if you expand your market window horizontally, you will see the the the drunken one offering 20 million each requires a minimum~~ of 20 are ~~required, which means you would have~~ to ~~spend an average 40 million to fill it. ~~

The signatures of this scam are:

*Using local chat to offer strangers the opportunity ot make a lot of money

~~Overall this can can net~~ the ~~scammer hundreds~~ of millions in an hour as many will on impulse buy up the items (only work 20k for millions) and then find they cannot fulfill the order unless they buy twenty. Then they may realize too late that the cost would be twice that of the buy order returns. Even if they complete the buy order it will be rejected as the persons alt that place the buy order does not have suffficnet funds to pay for it.

*Buy orders with minimum volumes

===Margin Trading Scam===

@@ Line 47: / Line 47: @@
 ===The drunken buy order===
-The drunken buy order is a very cleverly constructed multiple layered scam, so called because it is often announced in local that a player must have been drunk when they placed a buy order.<br>
+The drunken buy order is so called because it is often announced in local that a player must have been drunk when they placed a buy order.<br>
-<br>
 <u>It's a Trap</u><br>
-The scammer announces in a local channel that a player must have been drunk when they put up their buy order and invites you to check it out with a link to the item being sold. At first glance will see that a player has put up a buy order paying great deal more than the sell price of the product.<br>
+The scammer announces in a local channel that a player must have been drunk when they put up their buy order and invites you to check it out with a link to the item being sold. At first glance will see that a player has put up a buy order offering a great deal more than the sell price of the product.<br>
-<br>
 <u>How it works</u><br>
-Greed and instant riches (if you are quicker than others), are the primary mechanisms that they are triggering. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten fold or more they can feel compelled to fill the buy order before the next person sees it.<br>
+Greed and instant riches (if you are quicker than others) are the primary motivations that they are exploiting. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten fold or more they can feel compelled to fill the buy order before the next person sees it.<br>
-<br>
-But this is so much more, this scam makes the scammer ISK in many ways<br>
-<br>
-Firstly they buy up a not to well known item that there are not to many of in a region that is for example priced at 20,000 ISK Each, then put them back up for sale in number of carefully quantified and varied prices averaging 2 million each.<br>
 <br>
-Secondly they put up they put up a few buy orders, some very low at 20,000 ISK Each then the drunken one offering 20 million each.<br>
+This is how the scam is set up:
+#The scammer buys up all of an uncommon item in a region, say for 20,000 ISK each.
+#They make a bunch of sale orders to sell them for around 2 million each.
+#They put up a few buy orders for 20,000 ISK each.
+#They put up the drunken buy order offering 20 million each with a large minimum number, say 200.
+#They transfer most of the money out of their drunken buy account.
 <br>
-Thirdly they train "Margin Trading" and use this trick yourself. (Ability to make potentially risky investments work in your favor. Each level of skill reduces the percentage of ISK placed in market escrow when entering buy orders.) This is so any buy orders can be canceled if the player who made the order does not have sufficient funds to complete the buy order. <br>
+This is how they hope it falls out:
+#Chump sees the opportunity to buy item unknown to them at 2M ISK and sell at 20M ISK each.
+#Chump buys enough items at 2M ISK to fulfill the buy order.
+#Chump attempts to fill the buy order. However, the buy order was on margin, and the drunken buyer can't come up with the cash to fulfill the order, and it fails. The chump is left with a collection of items they bought at inflated prices and can't sell except for chump change. The scammer pockets (in this case) 200 * 2M - 200 - 20K = 396M ISK.
 <br>
-This trick is that if you expand your market window horizontally, you will see the the the drunken one offering 20 million each requires a minimum of 20 are required, which means you would have to spend an average 40 million to fill it.<br>
+The signatures of this scam are:
+*Using local chat to offer strangers the opportunity ot make a lot of money
-Overall this can can net the scammer hundreds of millions in an hour as many will on impulse buy up the items (only work 20k for millions) and then find they cannot fulfill the order unless they buy twenty. Then they may realize too late that the cost would be twice that of the buy order returns. Even if they complete the buy order it will be rejected as the persons alt that place the buy order does not have suffficnet funds to pay for it.
+*Buy orders with minimum volumes
 ===Margin Trading Scam===