My bank balance became near zero overnight.<\/p>\n
And our whole Inventory was robbed by fraudsters.<\/p>\n
It happened exactly 17 years back today 10th Sep 2003.<\/p>\n
I lost everything that I have Invested.<\/p>\n
Overnight some fraudsters used stolen credit cards to loot all my inventory. (Calling cards) from our website.<\/p>\n
Calling cards are like real cash value stored in one secret pin like gift card.<\/p>\n
I cried a lot and could not pull together for next couple of weeks.<\/p>\n
I was 25 yrs old and working full time job and also had this e-Commerce website as my first startup.<\/p>\n
The website sends calling card pins to customer\u2019s email after receiving payment through Paypal.<\/p>\n
All my inventory (Calling card Pins Virtual cash) are sent out to fraudsters emails.<\/p>\n
So these fraudsters used stolen credit cards on paypal .<\/p>\n
Paypal Initially sent payment success token to our website so our website sent out emails to customers fake email accounts with the pin number(cash value calling card pins).<\/p>\n
Then Paypal realised and their system caught these transactions are fraud and Paypal email me.<\/p>\n
By the time Paypal caught those transactions were done by Fraud credit cards our system already released the pins.Thus I lost all my money over night.<\/p>\n
Two year later same startup bought me first exit and helped me see first 7 figured money in bank account.<\/p>\n
I am sharing this true story with a hope to inspire some of those who lost their job. Or
\nEntrepreneurs who are facing challenges during this unprecedented times.<\/p>\n
My two cents : Just hang on there with hope.<\/p>\n
Every hurdle will pass by teaching us something.<\/p>\n
Future will be brighter,Mean while let these tough times teach us some new lessons.<\/p>\n
#inspiration<\/a>\u00a0#founder<\/a>\u00a0#\u00a0#entrepeneurship<\/a>\u00a0#\u00a0#founderstories<\/a>\u00a0#exit<\/a>\u00a0#serialentrepreneur<\/a>\u00a0#truestory<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" My bank balance became near zero overnight. And our whole Inventory was robbed by fraudsters. It happened exactly 17 years…<\/p>\n","protected":false},"author":4,"featured_media":922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,11,9],"tags":[],"class_list":["post-899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-related","category-finance","category-personal","wpcat-7-id","wpcat-11-id","wpcat-9-id"],"_links":{"self":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/comments?post=899"}],"version-history":[{"count":2,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/899\/revisions"}],"predecessor-version":[{"id":902,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/posts\/899\/revisions\/902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/media\/922"}],"wp:attachment":[{"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/media?parent=899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/categories?post=899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakamsani.me\/blog\/wp-json\/wp\/v2\/tags?post=899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}