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Selmack
PostPosted: 09/16/2010 10:03 am    Post subject:
Well it doesn't say they actually gave "real" cash. It could have been in game money.
Archivas
PostPosted: 09/15/2010 16:21 pm    Post subject:
This comment sums it up best.

Quote:
So, this ‘evil genius’ got people to give him ‘real’ cash, so they could buy pretend shares, in a pretend company, that would buy ‘pretend blueprints’ for a ‘pretend battleship’. And when this ‘pretend battleship’ would be built, it would be sold to a ‘pretend customer’ and the ‘pretend profits’ from the sale of the ‘pretend battelships’ would be distributed to those people wo invested.

Stupidity should be painful, it should hurt like h*ll
Fellwyndin
PostPosted: 09/15/2010 15:16 pm    Post subject: For anyone who's played EVE Online
http://www.geek.com/articles/games/eve-online-player-walks-off-with-45k-after-in-game-corporate-scheme-20100914/


"The space-faring MMO EVE Online has always embraced — nay, encouraged — in-game scams. It’s part and parcel of the rich in-game universe, in which warring extraterrestrial corporations scheme, battle and intrigue against one another. Corporate infiltration is just another weapon in EVE Online, just like missiles and laser weapons.

Last week, though, one insidious EVE player may well have pulled off the Italian Job of EVE Online scams: he managed to take fellow players for a ride up to the tune of $45,000.

Here’s how he did it. Player “Bad Bobby” (whose handle might well have proven a warning in and of itself) crated an in-game corporation called Titans4U. The idea was that investors would join the company and fund the purchase of some of the game’s massive Titan Battlecruiser blueprints for 60 billion ISK each (EVE’s in-game currency). They would then make limited-run copies of those blueprints and offer them up for sale, with the proceeds being distributed to investors as a regular dividend.

Bad Bobby, though, had other plans. Using the shady corporate stratagem of creating more shares in order to get more investors, Bobby managed to secure more than 50% of the corporation’s vote, and thus cashed-out the reputation he spent months and years creating for 850 billion ISK… which has a real world value of around $45,000 if resold.

Genius. Sure, he’s an evil S.O.B. but we’ve got to admire his pluck… not to mention an MMO that actually allows this sort of high-finance intrigue. "