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Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.26 13:42:26 -
[61] - Quote
#2 Updated 26/08/2015
Daily Compounding Interest with Illegal Investments!
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Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.27 13:09:43 -
[62] - Quote
#2 Updated 27/08/2015
Daily Compounding Interest with Illegal Investments!
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Nero Farway
Selectivity
31
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Posted - 2015.08.27 14:33:26 -
[63] - Quote
I Just deposited an additional 4b. |
Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.27 14:46:31 -
[64] - Quote
Nero Farway wrote:I Just deposited an additional 4b. Account Updated
Daily Compounding Interest with Illegal Investments!
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Cal Altrua
Altruism United
0
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Posted - 2015.08.27 17:48:57 -
[65] - Quote
Withdrew my ISK, withdrawal processed in 8 minutes! Thank you for your bussness! |
Koniforous
Tauren Transit
265
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Posted - 2015.08.28 18:56:19 -
[66] - Quote
I have been trying to keep up with this thread by reading the last post nearly everytime it pops up. I just noticed that my 500mil deposit falls into a now tiered interest system, I think it was 0.17%? I deposited my funds at a promised 0.5% daily compound roi, and am not sure when these changes took place. I'm guessing your "updated -date" posts were referring to changes in the op? Am I on a separate tiered daily roi, at my original promised 0.5%?
More detailed posts than updated, perhaps the updated terms or modified parts, would be a better choice from now on?
TAUTX: Private Bank & Lending
TAUTX: Collateral Liquidation / Discount Items
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Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.28 20:14:26 -
[67] - Quote
Koniforous wrote:I have been trying to keep up with this thread by reading the last post nearly everytime it pops up. I just noticed that my 500mil deposit falls into a now tiered interest system, I think it was 0.17%? I deposited my funds at a promised 0.5% daily compound roi, and am not sure when these changes took place. I'm guessing your "updated -date" posts were referring to changes in the op? Am I on a separate tiered daily roi, at my original promised 0.5%?
More detailed posts than updated, perhaps the updated terms or modified parts, would be a better choice from now on?
A mail was sent out to everyone in the mail list. I'll detail it briefly here.
Everyone who was with Illegal Investments before 26th August has been offered a broker account. This means they will get roughly 10% monthly/0.33% daily, instead of the previous 16.1%/0.5% daily
Note that the changes will not apply to 0.5% accounts until the 1st of September.
The changes have been in discussion with myself and trusted friends and we believe that the changes are good options for everyone previously with Illegal Investments and new comers. It was clear that 0.5% daily was not something Illegal Investments could support which a very large amount deposited with us. The new changes set a better foundation for everyone and will allow Illegal Investments to continue to provide this service for the foreseeable future.
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Eli Daldari
Science and Trade Institute Caldari State
1
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Posted - 2015.08.28 23:38:58 -
[68] - Quote
Join the Illegal Investment chat channel if you want to ask more questions. A few of us like to stick in it to talk and to ask questions to Illegal if needed :) |
Koniforous
Tauren Transit
265
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Posted - 2015.08.29 04:55:57 -
[69] - Quote
The changes are definitely a lot better than your originally proposed 0.5% daily. I wasn't aware that these were accruing accounts either, but from a business perspective its a great idea. You might want to reword the description of the accounts from "paid daily" since youre not actually paying anything until a withdrawal is requested, its a little misleading.
Do I have to do or say anything to make sure my account is grandfathered into 0.33% roi? Or does it automatically switch over.
This model looks so much better, illegal, than your original unveiling. I really hope this is legit because its starting to look very well thought out and structured. Congratulations.
I'll join the chat next time I log on, and join the mailing list. But I am rarely in-game anymore :(
TAUTX: Private Bank & Lending
TAUTX: Collateral Liquidation / Discount Items
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Nouva MacGyver
MacGyver Communications
6
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Posted - 2015.08.29 06:37:26 -
[70] - Quote
Koniforous wrote:This model looks so much better, illegal, than your original unveiling. I really hope this is legit because its starting to look very well thought out and structured. Congratulations.
As you've stated earlier in the thread Koniforous, the exponential curves on Illegal's former business model was never going to be something sustainable in the long run. But finalising the restructured rates "in discussion with myself and trusted friends" seems like a slap in the face of legitimate patrons before the changes, even if these changes make for a more sustainable venture going forward. I was quite interested in risking bank on the then returns. Now, I'm not so sure.
Illegal, I think one of the reasons this restructuring came about so fast is the prior planning before this all started. It really doesn't bode well for investor confidence if you're going to keep changing terms on the fly. It's your headache, yes, but you may be better off restructuring entirely - and this time, set periodic, realistic caps on total deposits, instead of only figuring it out later after the fact when your profit margin isn't in line with your accumulated funds, then having to, as you state, "reserve the right to withdraw funds from any account to the account holder if I feel the amount is too large for myself".
That said... no cap, no history, suddenly lowered interest rates across the board to overall single digit percentages to keep things "sustainable".... looks too much like a ponzi scheme.
Just to highlight another point, I noticed some hours ago eve-mogul again displayed a negative value to your daily profit. It's very miniscule (6mil), but then sometime later it shows everything as zero as though the API was pulled off. It's back on again with a positive value now. I'll give the benefit of the doubt that perhaps eve-mogul has some quirks, but why does seem to be happening to you with that site? As you work on your "new trading strategies" will this have a cascading effect that will be detrimental to people who've banked with you?
Which brings me to another point. Right now you've also admitted to having six accounts, all of which you're keeping PLEXed. At today's rates you're looking at around a 6bil expediture every month (which could incur more in the foreseeable future). Granted, it's not a lot, but it's in the equation in the overall scheme of things.
Illegal Spokeswoman wrote: Illegal Investments provides multiple account options allowing customers to weigh their own isk vs reward.
Pardon me, but if I added just one "r" somwhere in this sentence it becomes a statement that is truly chilling.
Eli Daldari wrote:Join the Illegal Investment chat channel if you want to ask more questions. A few of us like to stick in it to talk and to ask questions to Illegal if needed :)
Some questions are better off being out here for open discussion than funneled into a channel where information is passed on or exchanged and the details of which may be forgotten. Unless of course, that is the intention? You're a first time poster wearing the same jacket with a similar tinge of rouge on your cheeks, and your first post on these forums is to tell people to ask more questions elsewhere than put it here? Why should I trust you? Am I paranoid much? Yes, but so be it.
Ending off - I would love nothing more than for this to be legit and all my drivel and concerns is proven wrong. Really. But I just can't shake off some feelings about this venture. At best, it's a non-optimised venture still in its infancy subject to changes. At worse... people can figure that out for themselves.
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Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.29 09:10:39 -
[71] - Quote
Koniforous wrote:The changes are definitely a lot better than your originally proposed 0.5% daily. I wasn't aware that these were accruing accounts either, but from a business perspective its a great idea. You might want to reword the description of the accounts from "paid daily" since youre not actually paying anything until a withdrawal is requested, its a little misleading.
Do I have to do or say anything to make sure my account is grandfathered into 0.33% roi? Or does it automatically switch over.
This model looks so much better, illegal, than your original unveiling. I really hope this is legit because its starting to look very well thought out and structured. Congratulations.
I'll join the chat next time I log on, and join the mailing list. But I am rarely in-game anymore :(
Thank you, I reworded the 'paid daily' to 'paid into account at the end of each day'.
I did request that everyone who wanted their account changed to broker to mail me, however I will change yours now without the need for you to mail.
I'm glad you think things are better, I really do want this to do well, I've spent a lot of time building the infrastructure behind it and I'm having a lot of fun keeping everything running.
Gÿà Illegal Investments Gÿà Banking Gÿà
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Illegal Spokeswoman
Illegal Investments
8
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Posted - 2015.08.29 09:35:13 -
[72] - Quote
Nouva MacGyver wrote:Koniforous wrote:This model looks so much better, illegal, than your original unveiling. I really hope this is legit because its starting to look very well thought out and structured. Congratulations. As you've stated earlier in the thread Koniforous, the exponential curves on Illegal's former business model was never going to be something sustainable in the long run. But finalising the restructured rates "in discussion with myself and trusted friends" seems like a slap in the face of legitimate patrons before the changes, even if these changes make for a more sustainable venture going forward. I was quite interested in risking bank on the then returns. Now, I'm not so sure. Illegal, I think one of the reasons this restructuring came about so fast is the prior planning before this all started. It really doesn't bode well for investor confidence if you're going to keep changing terms on the fly. It's your headache, yes, but you may be better off restructuring entirely - and this time, set periodic, realistic caps on total deposits, instead of only figuring it out later after the fact when your profit margin isn't in line with your accumulated funds, then having to, as you state, "reserve the right to withdraw funds from any account to the account holder if I feel the amount is too large for myself". That said... no cap, no history, suddenly lowered interest rates across the board to overall single digit percentages to keep things "sustainable".... looks too much like a ponzi scheme. Just to highlight another point, I noticed some hours ago eve-mogul again displayed a negative value to your daily profit. It's very miniscule (6mil), but then sometime later it shows everything as zero as though the API was pulled off. It's back on again with a positive value now. I'll give the benefit of the doubt that perhaps eve-mogul has some quirks, but why does seem to be happening to you with that site? As you work on your "new trading strategies" will this have a cascading effect that will be detrimental to people who've banked with you? Which brings me to another point. Right now you've also admitted to having six accounts, all of which you're keeping PLEXed. At today's rates you're looking at around a 6bil expediture every month (which could incur more in the foreseeable future). Granted, it's not a lot, but it's in the equation in the overall scheme of things. Illegal Spokeswoman wrote: Illegal Investments provides multiple account options allowing customers to weigh their own isk vs reward.
Pardon me, but if I added just one "r" somwhere in this sentence it becomes a statement that is truly chilling. Eli Daldari wrote:Join the Illegal Investment chat channel if you want to ask more questions. A few of us like to stick in it to talk and to ask questions to Illegal if needed :) Some questions are better off being out here for open discussion than funneled into a channel where information is passed on or exchanged and the details of which may be forgotten. Unless of course, that is the intention? You're a first time poster wearing the same jacket with a similar tinge of rouge on your cheeks, and your first post on these forums is to tell people to ask more questions elsewhere than put it here? Why should I trust you? Am I paranoid much? Yes, but so be it. Ending off - I would love nothing more than for this to be legit and all my drivel and concerns is proven wrong. Really. But I just can't shake off some feelings about this venture. At best, it's a non-optimised venture still in its infancy subject to changes. At worse... people can figure that out for themselves.
Thank you for your response.
I did understand that previous account holders may not be happy with the changes but from all them that I have spoken to they think the changes are a great direction are happy to see that things are getting reworked into a more structured system that will be better for the future. They were also all offered a BROKER account as a thank you for being part of Illegal Investments from the start. The day I announced the changes to them I had one withdrawal (103m) and 11.5b in deposits.
I understand again, the restructure coming about so soon was because the amount at which Illegal Investments was getting accounts and large account deposits was crazy. In just over a week we had 30b (just under) in deposits.
I'm running this 'bank' for fun. I enjoy the social and management side to it all, my gameplay is this bank and the trading I do along side it. I have no interest in destroying my gameplay and I also hope to build up a reputation and expand Illegal Investments financial empire.
In the last few days I have been offloading old stock I've had laying around that I never updated that much, I listed them all at Jita value regardless of their location so some of these items were giving me a loss. The account holders will not be affected, the loss from these items are my own loss, I also trade with my own isk and the loses are taken onto myself.
I do have plans in the future when I have made a large amount of isk trading an with other financial endeavors to "deposit" a large amount of isk with a 3rd party and use that as a kinda of insurance that will pay out to account holders if something happened. I'm thinking more along the lines of, I died in RL or something as I have no intention of running away with the isk.
I make more than enough isk to plex the accounts, after making the interest for the account holders the isk is put back to work making me some isk. The isk from that is circulated again and again.
I have taken your suggestion on board regarding the public posting of ideas for discussion, in the future I will make a new post on the thread detailing the exact plans and expected outcomes.
Thank you
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Eli Daldari
Science and Trade Institute Caldari State
1
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Posted - 2015.08.29 14:53:16 -
[73] - Quote
Nouva MacGyver wrote:Eli Daldari wrote:Join the Illegal Investment chat channel if you want to ask more questions. A few of us like to stick in it to talk and to ask questions to Illegal if needed :) Some questions are better off being out here for open discussion than funneled into a channel where information is passed on or exchanged and the details of which may be forgotten. Unless of course, that is the intention? You're a first time poster wearing the same jacket with a similar tinge of rouge on your cheeks, and your first post on these forums is to tell people to ask more questions elsewhere than put it here? Why should I trust you? Am I paranoid much? Yes, but so be it.
No offense taken dear, I just spend all my time in the chat channel to keep myself updated with anything that happens. But don't disrespect the jacket, I ain't paying for a better one I prefer the chat to the forums, so its normal I don't post unless I feel like its useful. Anyone can join the chat channel at any time and ask whatever for a quick (er?) answer; but the forums are also a good place for the "publicity" of things.
And don't trust me, no need to. Unless I'm hauling a contract for you, we are complete strangers talking to the same person ^_^ |
Nouva MacGyver
MacGyver Communications
7
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Posted - 2015.08.29 17:10:05 -
[74] - Quote
Eli Daldari wrote: No offense taken dear, I just spend all my time in the chat channel to keep myself updated with anything that happens. But don't disrespect the jacket, I ain't paying for a better one I prefer the chat to the forums, so its normal I don't post unless I feel like its useful. Anyone can join the chat channel at any time and ask whatever for a quick (er?) answer; but the forums are also a good place for the "publicity" of things. And don't trust me, no need to. Unless I'm hauling a contract for you, we are complete strangers talking to the same person ^_^
I understand your points. In any case, since I'm riding out of putting money in to this one, I don't believe there's anything more for me to add. Just a concerned outsider looking in and making those concerns known.
Illegal, should you in fact be running an honest venture, then I wish you the best of luck. Keep having fun with whatever you're doing and hope everything comes out positive in the end for everyone. |
Val'Dore
PlanetCorp InterStellar
991
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Posted - 2015.08.30 20:44:14 -
[75] - Quote
I will send this to my accountant and see what he thinks about a corporate account... if you do those.
Star Jump Drive A new way to traverse the galaxy.
I invented Tiericide
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Illegal Spokeswoman
Illegal Investments
11
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Posted - 2015.08.30 21:31:39 -
[76] - Quote
Val'Dore wrote:I will send this to my accountant and see what he thinks about a corporate account... if you do those.
Corporation account are allowed. The CEO of the Corporation is the only one who is able to withdraw funds though. This is for safety reasons on your side.
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Illegal Spokeswoman
Illegal Investments
11
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Posted - 2015.08.31 09:42:34 -
[77] - Quote
Updat 31/08/2015
- Updates will no longer be posted in the #2 post and will instead get their own new post as time goes on.
I finished up the account spreadsheets for the new system but have had a few issues with the overview account so that the public can see the total funds in the account. Any suggestions as to how I could get this is function correction with minimal input would be great. The reason is wont work currently is because each account will have a different interest rate depending on deposit amount. I have considered using 'account numbers' and then inputting each accounts details manually but this was too much inputting for me to consider for if/when Illegal Investments have a lot of accounts.
Tomorrow our first monthly report is due out. In the first post is doe state that the report will be sent by mail but I've decided to post it onto the forums and then link it in the mailing list so that everyone will have an opportunity to see it.
That's all I can think of for now. o7
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Gÿà Illegal Investments Gÿà Banking Gÿà
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virm pasuul
FRISKY BUSINESS. No Handlebars.
316
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Posted - 2015.08.31 12:38:41 -
[78] - Quote
Is this Ponzi still going strong? The only reason I can think you guys are investing here is to gamble and see if you can make a few quick bucks before it collapses. Good luck all! :)
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Darion Maken
Deep Core Mining Inc. Caldari State
5
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Posted - 2015.08.31 13:59:32 -
[79] - Quote
virm pasuul wrote:Is this Ponzi still going strong? The only reason I can think you guys are investing here is to gamble and see if you can make a few quick bucks before it collapses. Good luck all! :)
My limited interaction with Illegal suggests it isn't a ponzi but this is EVE so who knows, Illegal could wake up one day, see 500 orders to be updated and say, screw it, I'm taking the 50 billion and running.
My concern is fundamentally about the sustainability of this. This feels like a great way to get a 'loan' to expand a trading concern. What happens when the size of the trading reaches what he can handle in real life (time wise).
I believe the other day he said he had 30 billion. That is 100m a day in interest. Let's project to having 100 billion. Or 200 billion. How much time in the day does he have to do orders simply to pay interest to someone else. His best trading days seem to be around 1 billion in profit. I'm hopeful that would increase. 2-3 billion a day profit is easily achieved. Rita Jita averages almost 4 a day (getting harder - really just a time inputted statement though).
When does he say - this is a lot of work, I've made my 100, 200, 500, 1000 billion and I'm focusing on another aspect to the game. Then the concern is the 50 or 100 or 200 billion of uncollaterlized money he has from other people. Temptation.
Darion. |
Illegal Spokeswoman
Illegal Investments
11
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Posted - 2015.08.31 14:34:29 -
[80] - Quote
Darion Maken wrote:virm pasuul wrote:Is this Ponzi still going strong? The only reason I can think you guys are investing here is to gamble and see if you can make a few quick bucks before it collapses. Good luck all! :)
My limited interaction with Illegal suggests it isn't a ponzi but this is EVE so who knows, Illegal could wake up one day, see 500 orders to be updated and say, screw it, I'm taking the 50 billion and running. My concern is fundamentally about the sustainability of this. This feels like a great way to get a 'loan' to expand a trading concern. What happens when the size of the trading reaches what he can handle in real life (time wise). I believe the other day he said he had 30 billion. That is 100m a day in interest. Let's project to having 100 billion. Or 200 billion. How much time in the day does he have to do orders simply to pay interest to someone else. His best trading days seem to be around 1 billion in profit. I'm hopeful that would increase. 2-3 billion a day profit is easily achieved. Rita Jita averages almost 4 a day (getting harder - really just a time inputted statement though). When does he say - this is a lot of work, I've made my 100, 200, 500, 1000 billion and I'm focusing on another aspect to the game. Then the concern is the 50 or 100 or 200 billion of uncollaterlized money he has from other people. Temptation. Darion.
Regarding your first sentence. I was tired of updating orders even trading with my own ISK which is why I changed my trading style so that I don't have to update orders.
I believe I can sustain this for quite a while, I have had talks with friends regarding this. The main point is to always remain ahead, we need to see the issue before it arises so we can make changes to the service to make sure it remains sustainable. I have no intention of walking away with the ISK as to me running the operation is much more enjoyable than just trading as I was doing previously.
I currently hold about 25b in Broker accounts and 5b in other accounts.
I do expect my profits to increase as I get used to my new setup and spread out to other markets as I've been focusing on Amarr and a little bit of Dodixie while I experiment with things.
I believe the most important part of this operation is to be open and honest. If there is an issue that is arising, posts and mails will be used to get feedback and opinions and a solution will be put into place.
The current plan for interest rates are, Small Deposits - Low interest Medium Sized deposits - Normal Interest Large Deposits (50b-1000b) Low interest
The details are still being discussed and nothing is set in stone but this is the general idea. So to maximise ROI medium sized accounts would be the way to go.
Again this is rough and still being worked on but that will hopefully give you an idea how Illegal Investments will handle large accounts.
II
Gÿà Illegal Investments Gÿà Banking Gÿà
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Illegal Spokeswoman
Illegal Investments
14
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Posted - 2015.09.01 14:16:54 -
[81] - Quote
Monthly Report - 01/09/2015
August Breakdown
I was away for half of this month on holiday so data presented may be unrepresentative of my potential profitability.
I had a few hiccups this month after changing my spreadsheets and the way I conducted my trading. This lead to a few mistakes on sell order prices and resulted in about 900m in losses.
I expect the net profit to be much larger next month.
Trades (Includes Items that haven't sold yet) -250,816,610,319.87
Trading Profits 12,348,649,561.00
TAX (Includes broker fees for Items that haven't sold yet) -4,309,202,013.34
Hauler Costs (Includes the costs for items that haven't sold yet and items currently in transit) -3,340,037,018.00
Interest Paid (Estimate) -954,378,134.00
Net Profit 1.49% 3,745,032,395.66
Gÿà Illegal Investments Gÿà Banking Gÿà
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Darion Maken
Deep Core Mining Inc. Caldari State
5
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Posted - 2015.09.02 15:59:00 -
[82] - Quote
Great information. May I ask how you compile it? ie; what program you use.
Darion |
Illegal Spokeswoman
Illegal Investments
14
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Posted - 2015.09.02 16:06:20 -
[83] - Quote
I use a mix of EVEHQ, eve Mogul and evernus.
I then use the relevant information to get a rough outcome for the month.
:)
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Darion Maken
Deep Core Mining Inc. Caldari State
5
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Posted - 2015.09.02 16:51:12 -
[84] - Quote
Thank you. I use two of the three. Is it EVE HQ that gives you the ability to estimate the hauling cost?
Darion |
Illegal Spokeswoman
Illegal Investments
14
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Posted - 2015.09.02 16:55:42 -
[85] - Quote
Yes, it says 'Contract Reward Deposited'
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Illegal Spokeswoman
Illegal Investments
15
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Posted - 2015.09.04 14:25:58 -
[86] - Quote
3 of my recent freighter contracts didn't reach their destination.
This meant that quite a few items didn't make it too the market and my last few days of trading will not look as high. It is worth noting that I do add 10% to the collateral for couriers. This means I made about 1b "Profit" so to speak on the items that didn't make it. Incase eve mogul was starting to worry people.
I'm also having some issues with the AvgVolumes on my trading sheet as I'm pulling data from evemarketdata.com and cant get it to work with eve central. I've used crest but that gets URL fetch banned on google docs.
If anyone thinks they can help regarding the spreadsheets contract me on Illegal Clone 001 ingame. Compensation will be provided.
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Gÿà Illegal Investments Gÿà Banking Gÿà
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Jax Kazen
Prometheus Deep Space Mining and Salvage
38
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Posted - 2015.09.04 14:43:21 -
[87] - Quote
Is this still open to new accounts? |
Illegal Spokeswoman
Illegal Investments
15
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Posted - 2015.09.04 14:48:32 -
[88] - Quote
Jax Kazen wrote:Is this still open to new accounts?
Yep, there is no closing date. The bank is ongoing.
Gÿà Illegal Investments Gÿà Banking Gÿà
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Jax Kazen
Prometheus Deep Space Mining and Salvage
38
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Posted - 2015.09.04 17:44:53 -
[89] - Quote
Deposited isk but accidently sent to Illegal Clone 001 - can you transfer and open the account?
Thanks! |
Illegal Spokeswoman
Illegal Investments
15
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Posted - 2015.09.04 17:56:09 -
[90] - Quote
Jax Kazen wrote:Deposited isk but accidently sent to Illegal Clone 001 - can you transfer and open the account?
Thanks!
Already done. I mentioned it in the mail I replied with but you can ignore that as you knew anyway.
Your account link has been sent.
Regards
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Gÿà Illegal Investments Gÿà Banking Gÿà
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