Aaaand, it's a confirmed scam.

I stayed in contact with this user in the small hope that they were genuine. He kept sending me PMs about his rent being due, etc. I stuck to my guns that I wasn't going to send anything without verifying the collateral is what he claims it is, and that it works properly.

http://imgur.com/EKvxoRc,AdHneT8,DFbXqEV,5zJJgnF,korJ5pW

I like the last PM I received - basically accusing me of "cheating" him.

Here's what I received in the mail today:

http://imgur.com/lsj6EBq

I don't know how things work in India, but typically a few papers labelled "2013 DIT/BOLTON TRUST STUDENT ENTERPRISE COMPETITION" isn't valid collateral for a loan. I'm glad I didn't give in to his begging about "rent money".

Link to his Facebook: https://www.facebook.com/Amratesh/about - Received from escrow.ms

Name on the envelope containing the bogus collateral: Gauray Shah (Could be Gauroy Shah)

So that's basically the end of this little drama. In the end, I got hit for 0.06 BTC for "shipping", and received a few papers in the mail. No wonder he was in such a rush for me to send the BTC.