Gamer Pays Debt by Stealing Virtual Funds

By Kevin Parrish, published on July 8, 2009 at 4:51 PM
Source: Tom's Guide US | Keywords: , , , , | Themes: Software, Digital Entertainment
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The CEO of an in-game EVE Online bank was kicked from the game due to stealing kredits and selling them for real-world dollars.

An EVE Online gamer simply known as "Ricdic" has been kicked out of the sci-fi MMORPG due to stealing virtual funds and exchanging them for real cash. According to the EVE Online rules, players can only buy virtual money with real cash, or use the virtual funds to pay for a month's subscription, however players cannot sell virtual funds for real world dollars. What made the theft even more tragic than simple theft was that Ricdic was the CEO of EBank, the largest player-run financial institution within the game.

"It was a very on the spot decision," the married father of two explained in an interview. He said that he embezzled about 200 billion interstellar kredits and exchanged the virtual funds for $5,100 to put down as a deposit against his house and pay for the expenses related to his son's medical problems. Ricdic said that he got the idea to steal bank funds from a spam email advertising a black market website that traded virtual kredits for real cash.

"I saw that as an avenue that could be taken, and I decided to skim off the top, you could say, to overcome real life (difficulties)," he said. Once news broke out in regards to the theft, players began to panic. It's unknown whether subscribers began to withdraw funds and deposit them into another virtual institution, however Reuters reported that EBank survived the crisis.

Ned Coker of CCP, the developer behind EVE Online, said that Ricdic could have kept his subscription had he not traded the stolen funds for cash. However, the act broke the subscription service rules, and ultimately unbalances the game if not enforced, according to Coker. It was also noted that Ricdic was a highly reputable player, one of EVE's few trusted subscribers up until now.

Did Ricdic regret is actions? "I'm not proud of it at all, that's why I didn't brag about it. But you know, if I had to do it again, I probably would've chosen the same path based on the same situation," he said.

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c0r3f1ght3r 07/08/2009 11:15 PM
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just shows how bad the cost of living is getting...

dextermat 07/08/2009 11:21 PM
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NuclearShadow 07/08/2009 11:24 PM
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I honestly feel sorry for the guy. I can understand why he did it.

grieve 07/08/2009 11:43 PM
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I would have done the same thing... He made out with $5100 RL cash. no RL criminal charges, case closed!

I used to bot toons in games for RL cash, made a couple G... but his way is far easier.

Grims 07/08/2009 11:59 PM
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RL trumps game life. no harm done.

kingnoobe 07/09/2009 12:00 PM
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He did it for his family.. While it was wrong, I can't honestly say I blame him, and if I was in his position I might have done the same thing. And even more he knows what he did was wrong, and is willing to live with the consequences. Looks like there are still some good people in this world.

hellwig 07/09/2009 12:36 PM
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At least the game producers realized the embezzlement was simply a part of life (an unfortunate part), and didn't boot him because he stole the in-game money, but rather because he broke the rules of service.

Hopefully the people he stole from remember it's just a game, but I have a feeling someone is going to try to sue him, people are just that pathetic.

sicundercover 07/09/2009 12:36 PM
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Yea I would have to say I would have done the same for my child. Hmmmm choices get banned from a game or help my child? Kinda a no brainer if you ask me.

But anyway people sell ISK all the time in that game. People also sell toons for RL cash too. I know a few people who have bought extra Hulk pilots and I personally have sold a Rorq pilot.

hellwig 07/09/2009 12:39 PM
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Oops, I should clarify that I don't support embezzlers, and people who do it in real life should be prosecuted to the fullest extent of the law. What I meant was, the Eve Online producers realize that when you simulate an economy on that scale, you are going to simulate the good and bad parts, and can't punish people in real life for their actions in-game. If there were an in-game justice system, I'd be all for sentencing his character Bernie-Madoff style.

Anonymous 07/09/2009 12:50 PM
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Yeah, who needs principles or morals... too bad this guy wasn't in charge of a REAL bank with your money in it, or investment company. Like Madoff.

I mean he did for his family right! I bet you guys wouldn't mind a bit huh?


MDillenbeck 07/09/2009 1:40 AM
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So let me get this right - people pay with real world cash to get game world cash(either by buying a subscription and taking an opportunity cost hit by playing, or directly buying it), put this converted real-world cash into his virtual bank, and then he embezzels this converted real-world cash from his virtual bank to pay for real-world expenses, and no one thinks this unethical or illegal?

Sorry. I have medical bills, I have expenses, I have a house - I would NEVER think of stealing real or virtual cash in order to pay for these expenses! I know it currently is not illegal, but it still is highly unethical.

Again, would anyone have had any problems if he has "only stolen a couple of cents out of each player's real world bank account" to raise $5100 for expenses? After all, its not like anyone will miss a few pennies individually - they probably have that much lost in the nooks and crannies of a single couch at their home. After all, he had a good reason for STEALING the money - so that makes it ethical and legal enough for me.

Now, had he turned to the community and asked for help ("I am struggling with high medical expenses for my son, if you can afford to donate anything - even a penny - to help my son get his needed medical expenses, I would be eternally grateful") then I might have sympathy for him.

So, RL trumps game life and no harm done? I disagree. Can I blame him? Yes. Do I understand why he did this? Entirely. It is easy to say "well, its only monopoly money, so I am not really stealing anything" without realizing its roots are in real world money, mainly because so few people actually think fully about what things really represent.

kpride017 07/09/2009 1:48 AM
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I agree with Dan222. No matter what the situation is stealing is wrong. Real money or not. If someone stole your WoW account and sold it in Ebay would you not be mad? I mean it was the sake of his family. Your bank steals your money because the CEO needed the money for whatever reason would you not be upset? It is pathetic not because people will sue, its pathetic people don't care and say what they will as long as it doesn't happen to them. I bet if it was your money you would not be so sympathetic.

matt87_50 07/09/2009 1:54 AM
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lol, guess the global financial crisis is affecting virtual banks as well.

MDillenbeck 07/09/2009 1:58 AM
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hellwig -

I'd almost agree with you if the guy embezzeled in-money game and used it to purchase things in-game. If the game made it clear they expected some of this behavior and were going to simulate courts and other consequences for such actions (ie, you get caught, your character is put into a "prison" or possibly lynched), then I would agree.

However, because this wasn't part of the game, because people invested real-world money, and because his embezzelment took it back out into the real world, I feel his crime is a little bit more deserving of punishment - such as paying restitution to the people for the $5100. This could be divided up amongst those who suffered game losses and would be applied as a credit to their accounts against their monthly fees. THAT would send a clear message.

Anonymous 07/09/2009 2:04 AM
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dan222, kpride017 it's pathetic to compare this with real life. come now it is just a game. it's meant for you to try things you wouldn't do in reality. because if you just act the exact same way as in reality than there's no real reason for you to play that game just live you life.

kpride017 stealing money in the game is not at all like stealing an WoW account. because you still have your character just that it was riped off. it's more like being fooled in WoW to give away your money or items, but you would still have your account.

now think a bit about it. isn't murder a crime too? how about when we play a shooter in multiplayer mode. I guess to you shooting at your friends character would be just like shooting your friends in real life?

maigo 07/09/2009 2:25 AM
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It's against the TOS to sell creds for REAL cash. They ban people for it all the time. That may seem like a lot of money but google 'eve isk', all those sites are making more

Greg_77 07/09/2009 2:26 AM
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bogdan22, people paid for the credit with real money, which the guy stole. The equivalent in real life would be killing a character, and the person behind it dieing as well. See what I mean? People will have to replace the in game currency using real money. In the end, the guy made players suffer a monetary loss. Obviously, the game currency had a real life value, and he took it. How is this different from stealing?

redgarl 07/09/2009 2:37 AM
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A video game scam to pay the credit card bill... why not?

andman22 07/09/2009 2:45 AM
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Sooo... why didn't he stop playing a video game and start working to earn the money?

Anonymous 07/09/2009 2:48 AM
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Greg_77

You have no way of transforming that virtual money in real money back. So you lost your real money as soon as you went out and transformed it into virtual money. If you lose it in the game than that's that it's your choice you want to replace it with real money back in, or just try to compensate by try to play more cleverly. But I say to you again the game currency has no real life value because you can't get it back.

surfer1337dude 07/09/2009 3:13 AM
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I have never played the game but why should it matter? You buy ingame money(a) with your real cash (b). So you loose b to get a. Now what he did was get b to earn a. I honestly dont think that he should even be in trouble (unless he actually stole something, and its considered illegal in the real world). If I was EVE I wouldnt ban him, but maybe even get some kind of fund going to help the poor guy (kid has medical issues...Thats big money)

kami3k 07/09/2009 3:20 AM
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andman22 :
Sooo... why didn't he stop playing a video game and start working to earn the money?



Now THAT is the real question that deserves a answer.

kami3k 07/09/2009 3:35 AM
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surfer1337dude :
I have never played the game but why should it matter? You buy ingame money(a) with your real cash (b). So you loose b to get a. Now what he did was get b to earn a. I honestly dont think that he should even be in trouble (unless he actually stole something, and its considered illegal in the real world). If I was EVE I wouldnt ban him, but maybe even get some kind of fund going to help the poor guy (kid has medical issues...Thats big money)



There's a very good reason why it matters, it wasn't his money period. And he broke the EULA which states doing just what he did is a instant and permanent ban. He broke it, he got banned.

Then you are a idiot who wouldn't understand such things. Let go to your house and steal 7% of your stuff. Doesn't matter if it wasn't real life money, it still wasn't his.

startingline13 07/09/2009 4:40 AM
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So let me get this straight:

He has piling medical expenses from his child, so rather than WORK a bit more, to raise funds, he instead sits behind the computer and plays video games, then steals from the people he is playing with, and none of you find anything wrong with this??

Greg_77 07/09/2009 5:25 AM
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bogdan222 :
Greg_77You have no way of transforming that virtual money in real money back. So you lost your real money as soon as you went out and transformed it into virtual money. If you lose it in the game than that's that it's your choice you want to replace it with real money back in, or just try to compensate by try to play more cleverly. But I say to you again the game currency has no real life value because you can't get it back.



Well, the guy in this article certainly converted the virtual money to real money, even if he did this against game rules. Obviously, it has real value. Even if the virtual money could not be converted to real money, it still has to be replaced with real money to enjoy the game. In the end, the game players are still going to lose real cash to regain that virtual money. Actually, I thought of a good example. Let's say you go to an arcade. You buy tokens. You play games with some token. You can not convert those tokens back to cash. Someone "takes" them. According to you, no one stole anything from you. I mean, they can't be reconverted into cash. Yet this is still considered stealing. No fun to be at an arcade without tokens, no fun to be in a virtual world with virtual money. So how is this different from stealing?

HolyCrusader 07/09/2009 5:27 AM
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I share the opinion of MDillenbeck, Kami3k, and others. While this wasn't technically illegal, it is unethical, and were this anybody I knew IRL, it would be a person that would permanently loose my trust.

I don't condone theft of any kind - regardless if it's virtual goods or currency or if it's real-world goods. Either way, it impacts a real person and that makes it a real theft.

On a final note, there's a very good chance that the 200 billion ISK was 'confiscated' by CCP during the banning of the player. CCP's policy when banning players violating the TOS involves removing all money or goods that were traded for the Real Life cash. Too bad they have no power or authority to claim the Real-Life cash he earned from this.

Neog2 07/09/2009 6:13 AM
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Hmmm i played EVE For about 9 months and made lots of isk.
within my 14 day trial i had amassed over 600million isk.
But here is thing you cant actually buy ISK straight out.
I mean there are ways you can technically buy ISK through
EVE. But you cant say use your credit card spend $50 and get
ISK it doesnt work like that.

Straight Cash for ISK in EVE isnt supported so he could very
well only ripped out people who salvaged which is how i made
my living in eve. I ammassed way over 200 billion thats nothing.

Now Eve does allow you to say buy a time card with cash.
(Time card allows you to play eve online for a set period of time.)
So if you buy a 60 day time card, and say split it in half.
You can sale one half of the time card on Eves Market in game and
have people buy that for like 180-300,000,000 isk

People without all there morals and crap stealing virutal money is
not the same as stealing real money. Yes its still stealing but
there are different levels of theft. In real life you have several degrees of misdemeanors, then you have several degrees of felonies.

Given the circumstances I would have just asked the guy to replace the money and not let it happen again. Make it so he had to pay
for three months of service or something.
Because I know after my first month playing the game. my other 8 months where free because i just bought time codes through the ingame market place with ISK.

v12v12 07/09/2009 11:54 AM
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Harby 07/09/2009 12:15 PM
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v1212, he was the ingame corporations CEO. In EVE guilds = corporations and guild masters = CEOs.

Neog2, nowadays you can actually extremely easily use your credit card for some ISKs. You just buy game time codes and instantly transform them into PLEXes which you also instantly sell in game. 1 GTC = 2 PLEXes = ~700 mill ISKs.

For those that condemn and whatnot the guy, EVE is not your average MMO out there. Stealing/griefing/harassing/scamming other players is part of the game and everything goes. It perfectly legit to use any means available (mostly social engineering is used) to scam and steal from others. The first rule of EVE community is DONT TRUST ANYONE. And thats the beauty of the game. Its economy is completely player driven and CCP never really interferes. If you're a WoW player you'll have a hard time understanding how its possible to steal massive amounts of ingame currency but thats because WoW has a very restricted and sandboxed market plus all the goodies are "soulbound" (which imo sucks) while on EVE everything can be bought and sold. (you can even buy drugs and prostitutes in the form of items)

hrafnthor 07/09/2009 12:16 PM
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I feel that the people commenting here don't realize fully what kind of game EVE-online is.

First of; the EBank that the ISK got stolen from does not use game banking mechanics. Its just a corporation (for those more familiar with fantasy games such as WoW then you can put guild there instead) made up of a handful of players.

Second; In EVE NO ONE can buy ISK with cash. It is against the EULA. It is allowed how ever to buy PLEX's (Pilot License Extensions as the fine people at Concord call it) for real world money and sell them in game for ISK.

Third; EBank and the whole of the second market (Financial market in EVE, which is entirely run by players with no mechanics from the game to help) is not risk free. There are loads of scams and there have been people loosing billions of ISK on scams there since the dawn of the market.

Conclusion; After reading those three points above you should see that stealing in EVE is a part of the game and asking the GM's to help you get it back will make them laugh at you (seriously), selling ISK for real money is against the EULA so you would get punished for that by getting your character banned and finally saying, as MDillenbeck did, that since players paid real life money for the PLEX then sold it for in game money and then lost the ISK they should get it paid back is idiotic! The whole point with EVE is that you can back stab, steal, murder and pillage all you like without any consequences.

EVE-Online - Leave your ethics at the door!

v12v12 07/09/2009 12:38 PM
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