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===The Margin Trading Scam aka The Drunken Buy Order=== | ===The Margin Trading Scam aka The Drunken Buy Order=== | ||
''The Margin Trading Scam'' exploits the mechanic where a margin buy order will fail if the buyer can't pay for the goods, but the order | ''The Margin Trading Scam'' exploits the mechanic where a margin buy order will fail if the buyer can't pay for the goods, but the order will remain on the market. It is also known as ''The Drunken Buy Order'' because it is often announced in local that a player must have been drunk when they placed a buy order.<br> | ||
<u>It's a Trap</u><br> | <u>It's a Trap</u><br> | ||
The scammer announces in a chat channel (usually local) 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. Following the link players will see a buy order offering a great deal more than the sell price of the item. If the player can act fast and deliver the items in the order before anyone else, they stand to multiply their ISK, usually by orders of magnitude. | The scammer announces in a chat channel (usually local) 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. Following the link, players will see a buy order offering a great deal more than the sell price of the item. If the player can act fast and deliver the items in the order before anyone else, they stand to multiply their ISK, usually by orders of magnitude. | ||
<u>How it works</u><br> | <u>How it works</u><br> | ||
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*Someone using chat to offer strangers the opportunity to make a lot of money. | *Someone using chat to offer strangers the opportunity to make a lot of money. | ||
*Buy orders with minimum volumes. | *Buy orders with minimum volumes. | ||
*Check on EVE-Central to see what the item is selling for across New Eden. In this example you'd see a lot of 20K ISK sellers. | *Check on EVE-Central to see what the item is selling for across New Eden. In this example you'd see a lot of 20K ISK sellers. You'll only do this if you were already suspicious, though so it's verification, not a clue. | ||
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==Common Contract Scams== | ==Common Contract Scams== | ||