Hello MD,

I am looking to borrow 5 billion ISK for one month at 15%+ return.

About me
I played Eve for a while back in 2009 before having a long break. I have recently re-subbed. After trying various professions I have finally settled on station trading. I have spent considerable time grinding up base standings to 7 with Caldari faction and 9 with Caldari Navy. I have 6 days left on Accounting V and will then train broker relations from IV to V.

February was my first full month of trading and I made 700million ISK in profit. This month I am already at 1.5billion ISK in profit and on target for 3 billion. My total trading stock at cost + ISK is currently 4.2 billion. I also have a mission fit Navy Raven with an approximate value of 1 billion. Therefore total NAV is 5.2billion.

I believe my current market strategy can easily be increased to trade 10billion+ ISK at the same level of profitability and minimal effort.

The proposal
My proposal is to pay out 40% of my profits over one month attributable to the loan capital.

I will keep the remaining 60% for my time and effort. I will pay a minimum return on your investment of 15% regardless of my success.

I recognise profit on the sale of an item and carry forward stock at the cost I paid for it.
The loan will be consolidated with my current trading funds. I will calculate the profit attributable to the loan as follows:-

Example (figures for illustrative purposes only)

At the start of the month:-
Starting stock at cost - 3 billion
My ISK (wallet + escrow) - 2 billion
Loan ISK- 5 billion
Total Capital- 10 billion
Loan capital - 50%

At the end of the month:-
Closing stock at cost - 15 billion
ISK (wallet + escrow) - 5 billion
Total Capital - 20 billion
Less total starting capital -(10 billion)
Profit - 10 Billion

Profit attributable to loan capital (50%) - 5 billion
40% paid out to investors - 2 billion
I anticipate the return to investors will be higher than the minimum 15%. I track all my market transactions on my own spreadsheets.

Risk
With no history this would be considered high risk. This why I have offered a good return and the potential for a higher return.

- My basic info including wallet balance can be seen here http://eveboard.com/pilot/Jaroo
- I would be willing to provide full API access to a trusted individual
-I will not be leaving station for the duration of the investment
-As I will be station bound I can offer my fitted mission Raven Navy Issue as collateral.
Approximate value of 1billion ISK (see the one I lost last month for fitting!) http://eve-kill.net/?a=kill_detail&kll_id=16589268

I plan to start as soon as I raise the ISK and will provide weekly updates of my total capital.

Capital plus interest will be paid out one calendar month after commencement.

Thanks

Jaroo

5 Bil ISK sent and collateral contract received.

May this be the start of a great partnership.

Talked with Jaroo and verified his API.

I will be taking up his offer and pledge the 5 bils starting from tomorrow.
Also I confirm that I will be accepting the Raven Navy Issue + fitting as collateral over the period of the loan.

lux impersonator what are you doing

MY GREATEST MOMENT YET ! Waited patiently for years just to pull out this reputation grinding scheme.

You caught me guys. Jaroo is my alt. I created that character 4 years ago and trained the skills, created the cover-up corporation, everything leading to this moment.

MY GREATEST MOMENT YET ! Waited patiently for years just to pull out this reputation grinding scheme. I will ask bigger and bigger loans until I reach the 1.4 Trillion ISK mark so I can then pull the biggest scam ever in EVE !! Devious I tell you! Devious !

PS : Saveritrader is also my alt, btw. Another marvelous rep grinding scheme of mine, and brace yourselves as I might have more alts !!!

Measured by exclamation points, you seem pretty worked up over that, and all I did was point out a few possibilities, the first of which is that Jaroo is honest and successful. Chillax!

Maybe Jaroo is typing up a frothing response, too? Or would you be typing up that response from him? I find all your alts confusing.

Confirming receipt of 5 billion ISK. Loan will run until 16 April when the full amount of capital + interest will be paid back.

My trading starting capital - 4,471,768,385
Loan - 5,000,000,000
Total Capital -9,471,768,385

Percentage of profits attributable to loan capital 52.79%.

Raven had rigs plus 500million of fittings. I agree I could have sold the fittings individually and bought back at the end of the month, plus tried to contract the raven + rigs and just asked for a 4 billion uncollateralised loan, but it would have been a pain.
I appreciate the trust lux impersonator has put in me and will not let him down.

Will update progress next weekend.

First a screenshot of the contract http://imageshack.us/photo/my-images/339/20130316235232.jpg/ couldn't actually fit all the fittings in the screenshot.... but it covers most of it.

"Buyer will get 0 ISK"

And that is a problem / surprise how ?

And that is a problem / surprise how ?

I don't have feelings either way on collateralized or non-collateralized bonds. Rather, i take exception to the notion that a higher-than-average, unconditional return of 15% somehow mitigates the non-collateralized nature of the offering. A person who offers a 3% return can scam just as easily as someone who offers a 15% return. That has no bearing on the extent to which this may or may not be a scam.

not suprised at all, nope

It doesn't mitigate any of the risk. It's a higher return because of the risk. Same as a real life loan really.

He gave me the ship as collateral. You were also expecting him to give me ISK ?

Lol

How much ISK you lost on contracts in Jita chat ? :)

In real life, the risk being mitigated is not fraud or embezzlement, it's the potential failure of the investment. Important difference. If a scammer intends to scam, and is given the opportunity, the chance of the scam occurring is 100% whether he "offers" a 3% return or a 15% return. He could offer to "double your money," as the old scam goes, and it wouldn't make a difference. Anybody who makes such an offer, and couches it in terms of scam risk mitigation, is either stupid, or intends to scam you.

normaly u put in a price on a collateral in the same contract hence it makes not a little sense to contract a collateral after/before the isk has been transfered when it can just be put in the same contract.

I got to say, you seem to be overly emotional attached considering your just a investor and actually dont have to be worried about Jaroo`s rep....suspicious, ...suspicious.

He gave me the ship as collateral. You were also expecting him to give me ISK ?

Lol

How much ISK you lost on contracts in Jita chat ? :)