EFP 136: How We Lost $25K To Russian Scammers Part 2

Justin Cooke

May 14, 2015

Credit card fraudsters stole $25K worth of websites from us.

You can read more about the story here or listen to our Part 1 episode here.

How to Avoid Scams – One on One Talk with Our Lawyer

This is Part 2 where we sit down with Eric from RevisionLegal.com to discuss our response and look at ways to avoid problems like this in the future.

We end up getting into quite a bit more, though – it’s a long episode, but I think you’ll like it.

Check Out This Week’s Episode:

Direct Download – Right Click, Save As

Topics Discussed This Week:

  • Preparing for and reacting against scammers in business
  • Staying legal in the “wild west” of online business
  • Common practices scammers use to steal portfolios (and how to protect against it)
  • Our investor program and the upcoming JOBS Act
  • Protecting against liability with website portfolios
  • When is it worth it to bring in an attorney? (And what can they do for you)

Mentions:

Spread the Love:

“Scammers scam us and we all lose.” – Justin – Tweet This!

“Local investment through crowd funding has amazing possibilities.” – Eric – Tweet This!

So – what did you take away from this episode? Have you ever dealt with credit card fraud? Let us know in the comments!


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Discussion
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  1. Kristopher says:

    Hi guys, just wanted to say thanks for a great podcast, really enjoyed Eric’s insight to the risk management side of things.

  2. Max says:

    Hey, team!
    I check this guy accounts and looks like you can say him HELLO f2f :) He not only got US visa, but bought tickets to Hawaii(based on his Instagram post with tickets screenshot) with connected flight in Los Angeles (Moscow -> Los Angeles, June 28, Aeroflot SU-106 / Delta DL8177, arrival time 15:05, terminal B). Then he will fly by Hawaiian Airlines (HA-9) – 18:00-20:55.

  3. Josh Escusa says:

    Wow, that’s crazy. Thanks for sharing this one. I’ve had someone try to scam me on a private site sale before. We decided on a price and the guy kept insisting that he sent me money for a site and that there was a delay in the transaction but that I should send him the website anyway. I said I would wait until the money came in, and he got upset and said he was cancelling because I didn’t send the site right away.

    • Justin Cooke says:

      Ouch, Josh! Dodged a bullet there, eh?

      You never want to have either party holding BOTH the website and the cash. Really bad idea.

      We had to cancel a deal with a seller because she absolutely referred to transfer the site before we’d wired the money to her bank account in China. Nope…

      Sucks – the buyer really wanted the site, but no matter what we did, we couldn’t convince the seller to do business. Escrow, sending her all of our documentation – nothing worked. Just couldn’t put the buyer through that risk…

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