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Calin iHostART.Com took our $22.5K and scamming us!
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Yes please
Yes I’ll also take some more extra just in case
Free popcorn if I can sit next to you to watch these shenanigans play out.
Managed to find the on-chain wallet for the transactions in question. @Calin used the exact same Coinbase account as was used when someone created a thread about $4,500.00 being withheld.
https://etherscan.io/address/0x69Dd15a0a15f6EaD9Eb7b899Dd5041384121A179#tokentxns
It does seem like funds were indeed moved in tranches to Coinbase. Previously, his excuse was that Coinbase locked the account. This time around, his excuse is the bank freezing the funds, although it is apparent from the chat messages and the transactions, that @Calin should have similarly withdrawn to his bank account in tranches to mitigate that very risk.
Looking closer at the wallets that paid @Calin, the $20,000.00 came from a wallet that received funds from Binance (a centralized exchange with mandatory KYC). Whatever the allegations against the person bankrolling this deal are, they are probably hot air.
Also worth noting is that the same Coinbase account has not had any transactions prior to this ordeal since the $4,500.00 transfer.
@Calin should do the right thing and begin returning the money or reach a repayment plan, even if it means liquidating company assets. If it is true and the bank has locked any funds, it is entirely on him to recover his money.
Another point to add, the bank has no way to verify the papertrail of money flow here, so they can hardly judge whether these funds are of questionable origin or not. Therefore, it has to be assumed the funds already were sent back to Coinbase or will be, if there was any complications with a bank.
Look like he also withdrew it bit by bit. If he wasn't able to cash out, why did he keep cashing out? I doubt he was holding EUR on Coinbase to pay them interest.
2.5K every day at a glance.
He explicitly confirmed in the chat messages shared by the OP that he successfully withdrew the funds. The only explanation here would be if the bank froze the funds after the last transfer went through successfully, which makes no sense, because they would freeze the entire account.
Looking at all of this, it seems like the OP was concerned from the beginning that @Calin would again refuse to deliver if he had any issues moving the cryptocurrency to the fiat banking system. And despite all of the precautions and the OP actively helping @Calin smurf the payments to mitigate risk, he is still out of his (client's) money. So clearly the only wrong thing the OP did, was trusting @Calin with a dime.
Awesome find @EndlessGravity - I need more popcorn now.
Good summary.
Does anyone even know what the order was for?
Calin could never fulfill a 20k order on his own. I highly doubt his entire 'datacenter' is worth that.
That being said, I have seen him regularly offering the impossible.
@Calin why this obsession to talk to your customer's customer? your transaction is with YOUR customer, and not their customer.
Looks to me like you are consistently trying to ask for the impossible as a means of justifying holding on to these funds.
I repeat you are looking scammy to me, or at best very very careless about protecting the interests of your client.
I would not be surprised if it was the later, your entire operation is a cluster f**k. A joke
I have detailed knowledge of how banks work here (albeit a bit outdated) after working in a bank for many years and then with banks for many projects and a few companies.
The point is that they don't want to risk anything. The authorities, while pretty lax when the transactions are internal, when they are external and, even more, form outside the EU, probably a jurisdiction which is very uncommonly interacted with in Romania, even with a well documented trail, the bank's reaction would be to automatically back down. The funds are locked and they will keep asking for various papers in the hope the customer will drop the matter or the police would get involved and take the decision off their hands.
Calin's story is plausible, even probable, I would have NOT accepted this kind of complicated transaction, knowing what I know about the Romanian (and European writ large) banking system. I have had to present papers about the source of funds when I was buying real estate, from houses to plots of land, things involving notary-issued documents and even local and central authorities issued ones.
Calin is obviously inexperienced and didn't face the bureaucracy and fear of consequences the Romanian managers face at all levels, people are always preferring the trudged path others opened long before, facing a lot of opposition and uncertainties, but which is now the long-established way of doing things and nobody will be singled out for doing what everyone does for years.
Things are moving slowly and cautiously over here, crypto? That is Kryptonite for any banker here, internet operations in relation to that? The atomic bomb.
In short, Calin is way over his head in this, but his only fault is that he didn't really research the minefield before venturing into it.
If you worked in a bank, you should know that compliance teams at banks stick to a mantra of "ask don't tell". I am not going to believe whatever story some 18 year old spreads that his bank would have told him they suspect "the money is stolen, money laundered, or sold by dubious items on the Internet".
In any case, @Calin accepted cryptocurreny and not a wire transfer. The moment he received the cryptocurrency in his Coinbase account, the client's obligations were fulfilled, whatever happened with the funds afterwards (converting/selling to a FX currency, as necessary when dealing with Coinbase withdraws, off-ramping to a bank account) is solely his issue.
I honestly cannot wait for @Calin to offer repaying the money over the next 3 years sending $500 every month via PayPal :-)
Yep, totally agreed, I just doubt there was any malicious intent, just a fuck-up he was too inexperienced to even foresee, let alone have a plan on how to avoid.
I am also curious on how this would work out in the end.
.
Man you are way too good.
Alt does good here
I want to follow this drama but it's too fast and I'm too lazy to read. Last time I read it, it was only 15 pages.
What's the TDLR so far? Anyone?
It is scam. No one cares about it. Drama goes strong.
Hot damn, it is way too good of a find @EndlessGravity
It does confirm the fact the @GoSSDHosting, indeed sent to @Calin's Cryptomus wallet, which then he withdrew to Coinbase.
And yes, I also saw the trace in the chain backwards, that $20k, does indeed come from Binance.
So as far as KYC/AML is concerned, @GoSSDHosting and his XYZ client is in the clear here.
dang big scam over here.
Glad I transferred my ihostart server. This situation is a wreck, and while I was willing to excuse the issues with @Calin's network due to his audience and experience level, I had been naive about his character. Will be doubling down on my support for @AvaHosting for DMCA ignored in MD/RO and @MannDude + @Francisco for free speech.
That’s great, bro. This rat is planning to steal again, using a different script
they dont. Any limited company, cannot operate on a private bank account.
Company must have a dedicated bank account to operate. Unless it is a small business who operates on "business by individual basis" but we talk about 3-4k of monthly revenue here. It is not case here.
Calin purposely withdrew to private account to avoid taxes(tax invasion) and stole the money, but was retarded enough to think bank would let him do it without KYC. Thats why he could not provide company invoices.
Calin could never fulfill a 20k order on his own. I highly doubt his entire 'datacenter' is worth that.
of course. 20k is more than the his old refinished hardware is worth and more than he will ever see at once.
I could honestly the temptation to steal it and fight for it.
This isn’t true everywhere.
I’m not an expert in international business laws, but in Sweden, this is not the case.
CALIN：OK next...
It can't happen as long as provider tag stays removed. For the next one to get caught in the web he might need to negotiate and pay another bilohbucks tax first.
offering DMCA free DL320G3's for some stamps. Ill throw these shits in an ocean for you if you pay up.
how it is in Sweden?
You register Aktiebolag or AB then you use your private bank account for all business payments without needing to open a new bank account for AB?
I dont belive that.
I think he meant Sweden where the Swedish Fish are from, not whatever weird goobly gook you talkin about nerd
No, all banks I know don't allow doing that because they want profits.
But it's not illegal, there's no law about that. It's just a google search away.
The only requirement by law is that the finances are separate, so a secondary personal account would be legal.
https://www.bokio.se/blogg/gratis-foretagskonto-utan-foretagspaket-hos-en-bank/
DeepL:
Man, this Dude summarized it perfectly.
@Calin You could try addressing these points one by one instead of providing generic excuses and gain some credibility for your story. Pretty sure you have no intention of doing that, but just my 2 cents. At this point, it looks like you saw some questionable funds coming in and you stole them.