Accused Username:

@Obblebobble​

Complaint:

Breach of Contract, Attempted Scamming, Scamming.​

Evidence:

https://www.ecocitycraft.com/forum/threads/user-complaint-obblebobble.147735/#post-818143

https://www.ecocitycraft.com/forum/threads/contract-235-000-investment.141404/

https://www.ecocitycraft.com/forum/threads/contract-800-000-loan.141690/​

Additional Information:

Ldw's complaint made me realize something.
The value of $45,000 is made as a number of how much profit was made for ldw, let’s attempt to take a look where it comes from based on where his money ($235,000) was used.
400,000 in profit, times the .29375 (29.375%) of which was derived by ldw as his technical percentage of the loan. That leads to 117,000, and then times .4 which is the amount of profit promised to the investors, that’s actually 47,000. There’s a 2k difference, where? Although its 2k, still scamming from the user. If there’s some way that you are counting this to be 45k, i would love to see it, because I simply don’t see how 45k is achieved.
Now, seeing how ldw's math in his complaint is valid, which I checked except for the last part with the 11.75% of fury, i dont really understand that, but either way, still a part of this.

BUT, we must remember the late fees! Late fees are part of the loan technically, and therefore they are part of the profit generated from the loan.
Using the same mathematical base,
29.375% of $625k = $183,593.75 times 40% owed as profit to ldw, thats $73,437.50. Thats almost a 30k difference between what youre offering, and what is expected.
Seeing how late fees were defined in the contract for fury, as 30 days with $7,500, there’s the 225k to account for.
In the contract with ldw, obble agreed to the following.

Based on literally any other loan case, late fees are treated as essentially free money in the form of fees. Let’s revisit a part of the contract that was stated above.
"Agree to pay out 40% of all profit generated with the invested money. This will mainly be sourced from interest rates."
The key word there is "profit."
Late fees are essentially free profit for someone being late on a loan, and seeing how there is nothing about late fees being added anywhere in any contract that was written and approved with regards to investments, we can assume that, like any other complaint, late fees are added and therefore are part of the loan, thus generating profit.
Now, I dont know if this was intentional or not (I hope it isn’t), but through looking at this, one can see that this pattern followed for several complaints that incurred late fees, yet only the actual interest profit was given.
Lets note what the rules say about scamming

It seems to me that you failed to uphold your end of the deal, not paying off any of the profit.
I would also like to take this time to showcase something in the previous complaint that obble said.

Does this not look wrong to anyone else? It seems to me like youre trying to legally scam, which to me is a little weird considering youre running something so big with a large reputation at stake.

You know what, I also find something very weird. I did some snooping, and found out that fury only paid off $590,000 of the debt, out of 1.2million, how can you expect him to pay off the full amount and late fees after more then 2 months of the loan being late?! This is absolutely ridiculous on your part. This is simply screwing your investors over.
I also would like to ask, where does the money go? The sign is empty of the 590k, where does it go?

Spoiler: Screenshot just in case

Also, i am sick and tired of you asking for proof of payment.

Oh my god, how many times can you be disproved about him not having evidence.
You even said as your status

Please stop asking for the evidence when it has been clearly given to you multiple times.

So let’s go back and do a tl:dr for what im essentially accusing you of.
Attempted Scamming- You’re saying that ldw is owed 45k based off the interest generated, however, according to the math derived by ldw and checked by myself, its actually 47k, which doesn’t seem like a large sum, but it makes me question how you are getting through and actually getting these numbers.

Breach of Contract- You promised the people that you invest loans with that you will pay back 40% of ALL PROFIT that their money essentially gives back in a loan, which does include late fees, as they are technically profit.

Scamming- See the breach of contract, and then add the other members that had their money cut short while you raked in the profits of the late fees, kind of a breach of contract, kind of scamming, I’ll let staff determine this.

I sincerely hope that this is looked at in a serious manner, its odd to me how this is not specified in the contracts, and makes me wonder if this is placed on purpose in order to generate profit.​

 

I understand that, however, lets put it in perspective, when someone advertises, it doesn't affect me, but I see it as wrong and report it. I'm doing the same thing here, nothing too different.
However, I know that Fury is currently working towards his loan under VoE, but I seem to feel that, considering how he has only paid off 590k, that some action needs to be seriously taken. I know its not up to me but its, at this point, screwing over not only ldw, but the 2 other investors involved with the loan.