Of all the stories that come out of EVE Online's colossal sandbox, it's the tales of criminality and dirty dealings that grab our attention the most. Thefts and scams would be cause for account closure in most MMOs, but they form a legitimate and dark part of the EVE universe. The famous Guiding Hand Social Club heist of 2005, Ricdic's EBank scandal and last year's massive 800 billion ISK Titans4U scam are just a few of the most high-profile thefts and scams to hit the EVE community over the years.
Today the biggest scam ever recorded hit thousands of EVE Online players like a brick in the face, netting a record one trillion ISK in final takings. Proving that old ideas still work, Eddie Lampert and Mordor Exuel pulled off a simple Ponzi scheme on a massive scale. Promising unprecedented returns of 5% per week on invested ISK, the duo convinced over 4,000 players to open accounts in their Phaser Inc. investment scheme. Many initially dubious players were eventually convinced to invest by real testimonials from their friends and corpmates.
Over 1,831.67 billion ISK was invested, 345.18 billion of which was paid out as interest and 452.72 billion of which was withdrawn by wary investors. When the business closed up earlier today its owners collected the remaining 1,034 billion ISK. To put that massive number in perspective, it's enough to buy 2,953 30-day time codes worth a total of $51,677.50.
Reader Comments (127)
Posted: Aug 12th 2011 5:13PM unfalsified said
Wonder if North Korea will be +$50K from this then?
Posted: Aug 12th 2011 5:25PM hansh0tfirst said
Proving once again my fondest axiom: the real excitement in Eve Online takes place on their forums.
Posted: Aug 13th 2011 10:10AM Kalex716 said
@hansh0tfirst
Actually, these guys made it a policy to avoid the forums entirely as the market guru's would have scrutinized them and their business plan extensively, and once something is on a forum its out there forever. They realized how it could ruin their reputation early while they were building confidence in their scam, they also didn't want any legacy posts or discussions being used against them in a web of lies or anything.
True, their were threads that existed to point out that Phaser inc. was liable to be a scam, but because the two alleged never participated, those threads failed to have much notoriety.
Reply
Actually, these guys made it a policy to avoid the forums entirely as the market guru's would have scrutinized them and their business plan extensively, and once something is on a forum its out there forever. They realized how it could ruin their reputation early while they were building confidence in their scam, they also didn't want any legacy posts or discussions being used against them in a web of lies or anything.
True, their were threads that existed to point out that Phaser inc. was liable to be a scam, but because the two alleged never participated, those threads failed to have much notoriety.
Posted: Aug 12th 2011 5:40PM Fabius Bile said
EvE has to be the only game out there where occasionally reading news about it is a trillion times more entertaining than playing it
Posted: Aug 12th 2011 5:41PM cforciea said
My favorite part of these so called "sandbox" games is that the only real flexibility that they seem to consistently give you is the ability to rob each other without consequence. If you did this sort of thing in the "sandbox" of real life, a bunch of guys in uniforms would come and rip you out of your home and give you a cell where you could shit right next to where you sleep for some number of years. In EVE, now that all these people have been ripped off, they can't do anything at all of meaningful retribution. The perpetrators can sit in a station in secure space and spend the money/cash it out to people for real cash/delete their accounts and destroy the money for good/buy lots of expensive ships to impress the ladies and that's it, any "meta" involved is over.
I guess what confuses me is how people think developing a system that protects griefing instead of tries to stop it actually makes the game more fun/"real". Does being able to commit white collar crime without even the barest pretense of consequences of any import actually add any sort of tension to playing the game? Is that actually what "hardcore" means?
I can't help but think that if you really had a hardcore sandbox experience, you would be able to put on your jack boots, stomp into whatever space station these guys were hiding in, pull them out of bed, and murder them, which in turn should cause them to lose all skill points and implants. Anything else just seems like making the game open enough to allow for a bunch of cowardly griefing.
I guess what confuses me is how people think developing a system that protects griefing instead of tries to stop it actually makes the game more fun/"real". Does being able to commit white collar crime without even the barest pretense of consequences of any import actually add any sort of tension to playing the game? Is that actually what "hardcore" means?
I can't help but think that if you really had a hardcore sandbox experience, you would be able to put on your jack boots, stomp into whatever space station these guys were hiding in, pull them out of bed, and murder them, which in turn should cause them to lose all skill points and implants. Anything else just seems like making the game open enough to allow for a bunch of cowardly griefing.
Posted: Aug 12th 2011 5:54PM ApathyCurve said
@cforciea
Couldn't have said it better myself, so I won't.
It's why I quit EVE. Life has enough pain and disappointment in it without my paying for the "privilege."
Reply
Couldn't have said it better myself, so I won't.
It's why I quit EVE. Life has enough pain and disappointment in it without my paying for the "privilege."
Posted: Aug 12th 2011 9:37PM Bladerunner83 said
@cforciea
Exactly! When does the line get drawn? If these people are scamming real money, doesn't that make them real criminals? I can't believe this is entertainment these days.
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Exactly! When does the line get drawn? If these people are scamming real money, doesn't that make them real criminals? I can't believe this is entertainment these days.
Posted: Aug 13th 2011 12:20AM (Unverified) said
@cforciea Wow so true. I've been playing the game for like 5 years and I really never thought of it that way.
One correction though -
For white collar crime like this I think people actually get less than a year IRL ;-)
Reply
One correction though -
For white collar crime like this I think people actually get less than a year IRL ;-)
Posted: Aug 13th 2011 10:14AM Kalex716 said
@cforciea
This is because people only like to read about the bad stuff. Lots of good things happen in EVE built on trusting, and lasting relationships.
Hell, empires are built on it to but no one cares about that. People only like to read about how it all burns down.
This gives the impression indicated in your presumptions. Just remember, you can't have a bunch of "low points" without "high points".
Reply
This is because people only like to read about the bad stuff. Lots of good things happen in EVE built on trusting, and lasting relationships.
Hell, empires are built on it to but no one cares about that. People only like to read about how it all burns down.
This gives the impression indicated in your presumptions. Just remember, you can't have a bunch of "low points" without "high points".
Posted: Aug 13th 2011 1:32PM (Unverified) said
@Bladerunner83 They aren't scamming real money, it's all in-game pretend space money. You can use your pretend space money to buy a time code from another player. You can also trade it in for real money on shady sites, but this isn't allowed by the ToS.
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Posted: Aug 12th 2011 5:46PM MAGNUSANDRONICUS said
Looks like these guys can now buy a monocle!
Posted: Aug 12th 2011 5:49PM PrimeSynergy said
@MAGNUSANDRONICUS
Let's continue to beat this dead horse...
The joke was old months ago and it isn't getting any younger. Give it a rest.
Reply
Let's continue to beat this dead horse...
The joke was old months ago and it isn't getting any younger. Give it a rest.
Posted: Aug 12th 2011 5:49PM Ubiquitousnewt said
Yeaaaah, kinda thought when I saw them advertising that scheme "What moron would fall for that?" ...but, like I learned in sales, "there's no one easier to make money off of than someone fixated on trying to make money." They fall for everything, every time.
Honestly, I'm bored with reading about Eve scams. Have CONDORD arrest the douche, and put him on trial, complete with some Eve lawyers, and put him in jail if he can't defend himself. If this game is so "realistic," then let's see some realistic, Bernie-Maddoff/KenLay style perp-walks. THAT would entertain me; this is just "fleecing the newbs," and making us all more paranoid than we are already, if that's even possible.
Honestly, I'm bored with reading about Eve scams. Have CONDORD arrest the douche, and put him on trial, complete with some Eve lawyers, and put him in jail if he can't defend himself. If this game is so "realistic," then let's see some realistic, Bernie-Maddoff/KenLay style perp-walks. THAT would entertain me; this is just "fleecing the newbs," and making us all more paranoid than we are already, if that's even possible.
Posted: Aug 12th 2011 6:52PM Graill440 said
Another example of CCP devs letting trash ruin an otherwise decent game. Real life fraud to do this, no ingame mechanics to prevent it. One sided exploit. But then its just matter of time before these folks mouth off like the irish chap did and then they will most likely get a taste of real life retribution too. Eve is indeed great drama.
Posted: Aug 12th 2011 7:05PM Luk said
I think people fall to crime in EvE because they are actually trying to play it without getting bored. If you never risked anything and just played by the rules the game would be too boring to play, end of the story.
Everything takes too long and very tedious, this is why taking stupid shortcuts gets players to fall for scams like that.
Everything takes too long and very tedious, this is why taking stupid shortcuts gets players to fall for scams like that.
Posted: Aug 12th 2011 7:18PM Laurs said
I think i finally figured this out. EVE is so meta, CCP could literally remove everything from the game, make it a text-based MMO (like in the 90s) and most of the players would still be playing it the same way. Wish there was a way to enjoy an experience like EVE for what it is, rather than the meta game. Of course, waiting days on end for your skills to train, and desperately trying to do something not boring ingame does guide one to the path of the meta game.











