Man Steals EVE Online Cash to Pay Real Debts

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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Man Steals EVE Online Cash to Pay Real Debts



Scandal broke (again) in the world of EVE Online as a respected virtual banker embezzled funds to sell on the black market in order to make ends meet in reality.

Richard, an Australian EVE Online player and father of two, was the in-game CEO of EBank, the largest player-run financial institution in the game. In a world where success often comes not by cooperating but by backstabbing and undermining, Richard and his corporation managed to eke their way into the ranks of the few genuinely trusted entities in EVE.

However, when he received an advertisement for one of the game's black market economy services - trading in-game items and currency for real-world money - rather than brushing it off as a nuisance like most MMOG players do, Richard got an idea. He proceeded to embezzle approximately 200 billion ISK (EVE's currency) which he then sold via the black market for $6,300 Australian dollars (USD 5,100). Said funds went to cover a deposit on a home Richard was buying, as well as medical expenses for his son.

Of course, the theft didn't go unnoticed for long. When players learned of Richard's embezzlement, they began a run on the bank, fearing that their hard-earned cash would be stolen as well.

Richard's account was banned by developers CCP - not for stealing the money, which is allowed in the game's rules, but for selling it for real-world money - which is not.

While Richard expressed regret for letting down his fellow EBank staffers - many of whom he considered genuine friends - he said he would probably have done the same thing if given the chance to relive the situation. He has no plans to return to EVE Online any time soon.

(Reuters [http://www.reuters.com/article/lifestyleMolt/idUSTRE56141L20090702?pageNumber=2&virtualBrandChannel=0])

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Lost In The Void

When in doubt, curl up and cry
Aug 27, 2008
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Wow this has given me more inspiration not to return to MMOs. The risks in this one in particular is huge.
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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How interesting that people will commit banking fraud with virtual money. I guess he will be the Madof of Eve online...well cept with less evil.
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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Lost In The Void said:
Wow this has given me more inspiration not to return to MMOs. The risks in this one in particular is huge.
How is that a risk. It's fake money, that you don't even have to put into some kind of a "guild bank" in most MMOs.

Neat way to get some cash, though. Bwahaha.
 

newguy77

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Sep 28, 2008
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Gormourn said:
Lost In The Void said:
Wow this has given me more inspiration not to return to MMOs. The risks in this one in particular is huge.
How is that a risk. It's fake money, that you don't even have to put into some kind of a "guild bank" in most MMOs.

Neat way to get some cash, though. Bwahaha.
Yeah, he should of sold the lot of it all at once and gotten millions.
 

Lost In The Void

When in doubt, curl up and cry
Aug 27, 2008
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Gormourn said:
Lost In The Void said:
Wow this has given me more inspiration not to return to MMOs. The risks in this one in particular is huge.
How is that a risk. It's fake money, that you don't even have to put into some kind of a "guild bank" in most MMOs.

Neat way to get some cash, though. Bwahaha.
Yes but the work you have to do for that cash is sometimes immense. I wouldn't know how hard it is to get cash in EVE but still massively annoying at best when someone steals your stuff
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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This only wants me to play the game even more.

For all the people of the Escapist community, imagine me as a big player in EVE Online.

I'd be too evil for words.
 

The Shade

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Mar 20, 2008
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CantFaketheFunk said:
Said funds went to cover [...] medical expenses for his son.
I have a hard time condemning him, if for no other reason than this. Wouldn't we have done the same?
 

ohgodalex

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May 21, 2009
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This man is officially my hero. Does anyone have his address, so that I might send him a cake?
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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The Shade said:
I have a hard time condemning him, if for no other reason than this. Wouldn't we have done the same?
Well, no.
I'd have done it just for shits and giggles.

But I can appreciate his reasons and I don't condemn his choice.

Also that's just plain awesome.
 

Krakyn

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Mar 3, 2009
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I lol'd. This guy is now my hero. I love when people get all worked up about fantasy things.
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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I actually want to play EVE, every other day something cool like this happens.
 

Helnurath

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Nov 27, 2008
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Hahahaha, First rule of Eve Online: Trust no one, not even friends, always expect the worst Second rule of Eve Online: If it sounds too good to be true, it probabily is.
 

Zombie_Fish

Opiner of Mottos
Mar 20, 2009
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CantFaketheFunk said:
He has no plans to return to EVE Online any time soon.
Don't think EVE Online have plans for that either by the looks of it.

Whilst I see why he did it, I can't sympathize with him for it really. As much as it was for his own debt, it is still not allowed and can ruin both the players and the company who make the game. Gold farming is just wrong in my opinion, and I can't change that.
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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You want to do this?
Good luck.
You don't quite understand what "managed to eke their way into the ranks of the few genuinely trusted entities in EVE" entails.
Genuinely trusted entities? I can think of two. I've been playing for two years, and I know two people who are "genuinely trusted".
Both of those people have been playing the game for over 4 years.

So yes, if you want to spend 4 years of your life playing (admittedly one of the most intense and kickass games on the planet) a game for about 5 grand, go ahead. Could you steal more, well yeah. But to be honest, in 4 years you could make more just playing the game. He stole because there was a lot of money available quickly. If you plan to make a load of cash over 4 years, you'd be better off just honestly working for the ISK and then selling it.

To the person who said "things like this happen every other day"
Here are a few links for the rest of us to oogle over.
http://eve.klaki.net/heist/
http://www.eveonline.com/news.asp?a=single&nid=3167&tid=7

@ whoever said they didn't know how easy it was to make money in EVE:
Easy. A lot easier than the amount of beggars and scammers would lead you to believe.
Play for a year, remember to salvage, and you won't ever need money.
However, there is one saying that fits EVE perfectly:
"A fool and his money are easily parted"