Gold Farmer Converts $75K Worth of Virtual Gold to Bars, Gets Robbed

August 13, 2013 -

Australian nurse Katrina Fincham had struck it big by playing World of Warcraft. After earning around $75,000 by farming and selling gold in the popular MMORPG from Blizzard, she decided to convert that cold hard cash into cold hard gold bullion. After doing that she put it in her wall safe at her Adelaide home. All was right with the world, but then something horrible happened: her house was robbed and her wall safe was emptied!

But here's the worst part for Fincham: she had the gold insured, but her insurance provider wouldn't cough up the money. Her insurance provider, AAMI, refused to pay up, and accused Fincham of fraud, claiming that she only converted the WOW gold into gold bars so that it could be purposely stolen.

Naturally Fincham sued her insurer, who counter-sued her for committing fraud. As the lawsuit continued she was forced to sell her home to cover the cost of legal fees. To add insult to injury, Fincham later found out that her ex-boyfriend helped the thieves who made off with her gold by tipping them off... for a measly payoff of $500. Fincham was not involved in that whole ordeal, of course.

We're not sure if there really is a moral to this story; after all Fincham didn't do anything wrong, save store a LOT of gold at her house and date a guy who had the morals of a serpent. Gold Farming is not illegal in Australia (she included her side business in her taxes like a good citizen), and she insured her assets in her home with an insurance company who was more than happy to take her monthly payments under the assumption that - if anything bad should happen - they would pay for it...

Source: Player Attack by way of The Escapist


Comments

Re: Gold Farmer Converts $75K Worth of Virtual Gold to Bars, ...

Was she actually robbed, or just burgled?

Re: Gold Farmer Converts $75K Worth of Virtual Gold to Bars, ...

Well, one moral to this is that it might not be the smartest idea in the world to put all your life savings in a single safe in the wall. Banks may be run by heartless thieves, but they prefer to steal from the people who take out loans or have barely any money in their accounts. With that much money, a bank would have loved her as a customer and bent over backward to keep her happy.

Re: Gold Farmer Converts $75K Worth of Virtual Gold to Bars, ...

Might want to tweak the article a little. The Player Attack one states "She spent hours in World of Warcraft collecting in-game items which she then sold for real-world money.", which is against the TOS for most all games. After reading that (along with mulling over the whole idea of putting all that money into gold as well), I have a hard time drumming up sympathy for her.

Re: Gold Farmer Converts $75K Worth of Virtual Gold to Bars, ...

The article also states insurance investigators chased off her customers, and that she invested into gold not because she thought it was funny, but because it seemed like a good investment. I find it quite easy to feel sympathy for her, really.

Re: Gold Farmer Converts $75K Worth of Virtual Gold to Bars, ...

It's irrelevant anyways. The WoW angle was simply put in to make it a game related article. You could take all references of the game out and it would not impact the story.

I'm also pretty sure this news article is nearly, if not over a  year old. Not sure why it's resurfacing now.

 
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