YouTuber and streamer Tyceno was the first person to bring to light the scam that convinced gamers to pay thousands of dollars in the hope that they make thousands more. "I am convinced to believe @StepBackRack is the one behind an illegal pyramid scheme, which was discovered within the NBA 2K community with over $200,000 got taken from young vulnerable players who believed they could "flip" their money," Tyceno wrote.
However, it's not certain whether Rack or Raangee were aware of the scam , or if their handles were hacked. We've tried to get in touch with them several times, but to nothing to no avail.
Tyceno and other suspected victims discussed with us how "Rack" made contact via voice chat to a number of young gamers. The terms of service prohibit using the service for unlawful purposes, commercial purposes or to bet money on others. 2K, NBA 2K's publisher hasn't returned numerous inquiries for clarification.)
Tyceno claimed Rack asked the gamers to invest huge sums of money offering unusually high returns of as high as 40 percent. "I have lost $6000, but was told to pay $11,000 for that, due to the 'interest' we were expected to be paid," one alleged victim aged 21 told us. Rack made hundreds of thousands of dollars worth bets, and he was trying to boast about how much money it cost.
A 17-year-old victim filed a cybercrime complaint through the Australian Cyber Security Centre. The victim claimed that he lost $6,000 through the scam. "He [Rackexplained that it was like the loan was being repaying it by interest," the teenager stated. He had a good reputation in the community, and used it to trick me and other people to pay large sums of money.
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