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Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.27 09:04:00 - [1] I like your blogs OP, but you need an audit to prove what you are saying.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 10:44:00 - [2] I can audit you sextrader.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 17:19:00 - [3] Full API key received, this audit will be completet within the next 48 hours.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 17:45:00 - [4] Pulled the data I need. I can see this wont take that long, expect the audit to be done within 24 hours, instead of 48 hours!
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 18:57:00 - [5] I recommend holding off investing until the audit is complete. For the sake of MD I will complete this tonight.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 22:37:00 - [6] Audit report on Satane I have been given full access to one account; this account contains two characters, one of them being Satane formerly known as SexTrader, the other being a nameless alt. RED FLAG: This is an ALT account. Characters: Satane: Corporation History! Eve Corporation49487 Character Creation Date! 2009/01/04 Skillpoints! 3.1M Primary Character Focus! Trade and Social Secondary Character Focus! Corporation Management and Learning Corporation History! Eve Corporation49487 has no known history, it consists of 2 members, and both are from the same audited account. YELLOW FLAG: Corporation was founded less than one hour after the creation of Satane. Posting History! First post is a WTB character; this post is made on the day of creation, and is buying with a budget around 20B ISK. The posting continues mainly in WTS and MD. Apparently Satane have a nice connection, which supplies her with Navy Ravens. YELLOW FLAG: Possible RMT/Macro connections. She also claims in her first MD post that she made 3.6B in pure profit. (She also talks about a main character) She later asks for an audit to be completed, and auditor offers his assistance, and Satane accepts it, no audit is however produced. RED FLAG: No disclosure of main character/account. YELLOW FLAG: Dubious posting history, with conflicting information being shared. Client; Satane: First post @ 2009/12/19 Total results @ 15 No results in Timecode or Character Bazaar Sextrader: First post @ 2009/01/04 Total results @ 82 2/12 results in Timecode and Character Bazaar RED FLAG: Account owner is a character trader Nameless Alt: First post @ 2009/04/08 Total results @ 1 1/1 results in Timecode and Character Bazaar Traces; Spacemagic: First Post @ 2009/03/02 Total results @ 27 5/0 results in Timecode and Character Bazaar YELLOW FLAG: Spacemagic appear to belong to the same account owner. YELLOW FLAG: Lots of Timecode trading between the above listed characters. Online Behavior! Satane, likes to talk about the profit she makes in the channels and in the forums. I have not had a meaningful conversation with the account owner, and have no first hand input on the personality of the account owner. RED FLAG: account owner is showing the behavioural patterns of a step stone scammer.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 22:39:00 - [7] Financials! Because of the limitations of the API key, I only used the last 1000 transactions. These transactions date back 2009/02/05. RED FLAG: 1000 transactions in 11 months RED FLAG: Apparently the account owner took a 300M ISK loan just recently. Estimated NAV! Assets: 120M Sell Orders: 50M Buy Orders: 90M Liquids: 135M Contracts: CanÆt be confirmed Total Estimated NAV excl. Contracts = 395M ISK RED FLAG: Account owner already took in investments to the tune of 240M ISK RED FLAG: If the account owner is really worth 30B ISK, I canÆt find any traces of them. RED FLAG: Total Contract Revenue over 11 months = 7.2B Revenue! Over the last couple of days the account owner has had a revenue of 1357M ISK excl. contracts. Of these 870M ISK is income, 487M ISK is expenses; giving us a total profit of 382M ISK. 532M ISK are from PLEX sales. RED FLAG: These numbers indicate that the account owner is running at red numbers. Trading! Account owner is trading basic T2 stuff out of Jita; his portfolio is restricted to 9 items. His turns around this portfolio with margins around 2.5% to 5%. Some items are currently selling at a loss. RED FLAG: Apparently sells at a loss for no known reason (could be trying to cover tracks) Conclusion! Since there are so many raised flags, I will just relist them here, for the ease of the potential investor. RED FLAG: This is an ALT account. RED FLAG: No disclosure of main character/account. RED FLAG: Account owner is a character trader. RED FLAG: account owner is showing the behavioural patterns of a step stone scammer. RED FLAG: 1000 transactions in 11 months. RED FLAG: Apparently the account owner took a 300M ISK loan just recently. RED FLAG: Account owner already took in investments to the tune of 240M ISK RED FLAG: If the account owner is really worth 30B ISK, I canÆt find any traces of them. RED FLAG: Total Contract Revenue over 11 months = 7.2B RED FLAG: These numbers indicate that the account owner is running at red numbers RED FLAG: Apparently sells at a loss for no known reason (could be trying to cover tracks) YELLOW FLAG: Corporation was founded less than one hour after the creation of Satane. YELLOW FLAG: Possible RMT/Macro connections. YELLOW FLAG: Dubious posting history, with conflicting information being shared. YELLOW FLAG: Spacemagic appear to belong to the same account owner. YELLOW FLAG: Lots of Timecode trading between the above listed characters. GREEN FLAG: Account owner submitted to an audit. According to the account owner, she has made around 30B profit, I just do not see that profit anywhere. There are no traces of her trading massively in high priced faction items, nor is there any indication of her turning any real profit from normal trade (its marginal at best) In addition a very high number of PLEXÆs have been bought! And her main activity over the summer seems to have just been buying PLEXÆs! RESERVATIONS: I am not an experienced auditor, and it is likely I have done something wrong, since I have raised a lot of red flags, a lot more than there is room for within my comfort zone. I therefore recommend, if the Satane objects to my audit, that she gets a more experienced auditor in on this.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 23:51:00 - [8] Edited by: Ji Sama on 28/12/2009 23:54:51 Edited by: Ji Sama on 28/12/2009 23:53:49 My audit clearly states that I cannot confirm contracts. I can however see your Contract Reward Deposited (corp) history. And that amounts to a 7.2'ish Billion ISK total income over 11 months. EDIT: you currently have 5 contracts up, worth 500M EDIT2: what about you answering all the red and yellow flags 1 by 1
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.28 23:57:00 - [9] Originally by: Breaker77 Ji, while I do respect your audit, I have one concern for you and Satane (sextrader, or whomever you are). Private contract do not show up under finished contracts in-game and there is no way to view contracts with the API. Satane, is a number of your contracts done through private contracts? Even though SS can be photoshopped, if you have a large number of private contracts a SS would help somewhat with this. However your wallet would reflect these transactions as well. Please feel free to outperfom me breaker. I have my reservations and it is stated that contracts can't be directly confirmed. HOWEVER: I can see the "Contract Reward Deposited (corp)" And since the logs go back 11 months (ELEVEN MONTHS) I made a manual calculation adding all these numbers together, and got the figure 7.2B ISK) This is not even profit, since he we have to assume he paid something for these items to start with!
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:04:00 - [10] Originally by: satane Okay ill tell you what ill do ill do a short movie just going through thousand+ contracts showing dates and what items, Then after i will like ji said go through 1 by 1 all red and yellow points thats the best i can think of -sex Do that :D Also; why do you only have around 500M listed in contracts atm. Aswell as total NAV of around 395M? What was with all the plex trading over the summer?
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:05:00 - [11] Originally by: Breaker77 sigh I already stated that Originally by:* Ji Sama Originally by: Breaker77 However your wallet would reflect these transactions as well. HOWEVER: I can see the "Contract Reward Deposited (corp)" And no, for an audit of this size I am not going to even offer even if I was qualified to do it. Are you sighing me? ME? :D
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:10:00 - [12] Edited by: Ji Sama on 29/12/2009 00:13:49 Edited by: Ji Sama on 29/12/2009 00:10:55 Originally by: satane i have about 1.3bil on contracts atm (i set up buyorders on behalf of my corperation and always have done :) then once recieved the item i sell them directly from me -sex I couldn't see your buy contracts for some reason. But there is still a major hole in your story. With 1.3B in contracts and 395M in assets. Where has the other 29B gone? Originally by: Inquisitor Xan Originally by: Ji Sama HOWEVER: I can see the "Contract Reward Deposited (corp)" Don't know much about all this auditing stuff but have you gone through contract deposits to satane as from the ingame contracts system I can see that the mods are bought with corp contracts and sold with character contracts? Ah ha, this might explain the hole in my audit. I will check right now. EDIT: just ran another check, cant find any contract reward for more than 370M
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:27:00 - [13] Edited by: Ji Sama on 29/12/2009 00:29:39 Originally by: Hippopotamus Rex Nice work Ji. As for the contract activity, can the journal entries corroborate her story? I'm afraid I don't know how contract cash flows are accounted for in the wallet. For Satane: Maybe its just me, but I certainly don't get WHY you are doing this. Is this related to your 300M into 30b project? Is that separate? As others have stated, you supposedly made 35b and you're buying toons for 20b, so why do you need a few hundred million? Perhaps you could explain in more detail, the reason for this loan, keeping these questions in mind. I do not find anything in my logs that confirms the OP's claims of 30B profit. and considering her total NAV incl contracts atm is around 2B. I have no idea where the other 28B are. Originally by: Vasta Magna Edited by: Vasta Magna on 29/12/2009 00:27:02 Originally by: Breaker77 I suppose She just snapped her fingers and they magically appeared in her hangar?? She had to get them from somewhere which would reduce your 4 billion number. Of course your 4 billion for 20 CNRs is 200 mil each. You would have to be a complete dumbass to sell them for that. Revenue not profit. That's what the 7.2B was measuring right? And looking at the sales from January some of the CNR's were going 250m-300m, which is why I used 200m as a loose guesstimate. Higher prices only reinforce my point... At any rate, like I said I didn't actually do the math. Regardless of whether the 35B was real I in no way endorse satane. Thats mybad. Its not revenue, but income. Excl expenses! Said in layman's terms: her total reward for contracts over 11 months are 7.2B ISK!
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:40:00 - [14] Edited by: Ji Sama on 29/12/2009 00:42:18 no revenue is total bought + total sold. profit is total sold - total bought. edit for clarification: this is just an example. I have bought a total 1B worth of goods. I have sold a total of 2B worth of goods. That gives me a revenue of 3B and an income of 1B I might be wrong, but that is how I have calculated revenue over the years.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 00:51:00 - [15] Edited by: Ji Sama on 29/12/2009 00:52:30 Originally by: Breaker77 Originally by: Ji Sama I might be wrong, but that is how I have calculated revenue over the years. Hope you have on your flame proof suit! Just as I promised when I talked to you, here you go. You are thinking of something along a profit statement. Thats great, I thought I could call the "bad translation" card, but just looked up the Danish word for revenue, and you are right; its only sales ie. income :D I stand corrected. I have however on multiple occasions said stuff like. Quote: Revenue! Over the last couple of days the account owner has had a revenue of 1357M ISK excl. contracts. Of these 870M ISK is income, 487M ISK is expenses; giving us a total profit of 382M ISK. And never been corrected, so I actually thought I did it right :(
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 01:38:00 - [16] You bought your NEW main 2009.07.02 In your first post on the forums, you are referring to a main. This is before you bought the toon. Since you do not need the ISK, why are you making this offering? How can you explain, that I can see transactions dating back to 04-02-2009 and 05-01-2009 12:23 etc? Why do you need a 300M loan? when you have a 35B revenue. I make it 540M in public ISK. My contract revenue over 11 months are right. according to the logs I have. You are selling items at a loss, not all items, but there are some. Are you okay with me listing examples? There are some conflicting information you are presenting: example: you say you are a new character, but you have previous experience, you also say that you have a main, and then you don't have a main, and then the main is a toon you bought in July. I need sleep now, staid up longer than i'm supposed to, my momma is going to get mad now :(
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 01:59:00 - [17] So you don't mind me bringing in an example? You are selling a normal t2 mod for around 900K - 1M isk, (sold 150 total) (you have sold 15 for 1.3 - 1.5M isk) But for some reason you are buying this mod for 1.1M to 1.3M ISK (around 100 bought at 1.1M and another 50 or so bought at 1.3M) This is what we call red numbers. You have spend 167M on buying 150 of these mods and gained 147M selling 143 of these mods.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 02:08:00 - [18] Edited by: Ji Sama on 29/12/2009 02:09:56 Originally by: Inquisitor Xan Originally by: satane RED FLAG: No disclosure of main character/account. = Taylor04 .... from 06/09 bought character with my isk i made Might explain where the isk went. Taylor04 was being traded for around 30bil back in June so assuming he still has the character I would assume most of the profit/revenue/income/whatever is tied up in him. I am talking about his original main character. The one he is referring to in his very first post with sextrader. but the character purchase does explain the loss of 30B. however there is not a single buyer in any of the threads, last post in both are bumps. Not saying he didn't buy it, just saying that none of the attempted sales seemed successful. Also, my logs does not indicate any large transactions ever occurring. And certainly not 30B, cannot see how I would have missed such a large number. I'm not trying to ruin the OP's parade, I accepted this audit, because I was convinced the OP was legit.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 02:11:00 - [19] There is no 1.7B profit, please read my audit.
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 02:15:00 - [20] Originally by: Hippopotamus Rex the 1.7B was a claim Satane made in the OP. Yep I know :D Was trying to help the friendly poster above me :D
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.29 02:36:00 - [21] Edited by: Ji Sama on 29/12/2009 02:38:47 I can see all his current contracts, buy and sell. His total NAV incl. contracts, is below 2B ISK. 25% of this NAV comes from selling 2 PLEX's EDIT: When I say his, I am talking about the CORP and Santane!

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