I was scammed by an exchange called BitNake. It is referenced in the Bitcoin Wiki as a fast and secure exchange seeded in Germany. I could not find any negative comments on the web and decided to try it. I paid the minimum amount but never got any Bitcoin deposited in my wallet. Repeated e-mails to the support address went unanswered.
As it turns out, the BitNake website seems to have been created just last month and is actually installed in California. I guess I am one of the first to fall for this.
The question then is: how do I tell the world this website is a scam? So that others do not fall for it too.
Update I: here is the scam report at CoinTalk.
Update II: BitNake had been previously reported as a scam. However the search engine I use, DuckDuckGo, seems to be blind to BitcoinTalk. Another interesting aspect in this story is PayPal actively protecting the scammer.