EVE Search - It was one big PONZI scheme

All Channels

Market Discussions

It was one big PONZI scheme

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Pages: 1 [2] 3 4 5 6 7 8 9 10 11 12 .. 12 :: one page
Author	Thread Statistics \| Show CCP posts - 0 post(s)
cosmoray Cosmoray Holdings Corp	Posted - 2011.03.03 23:54:00 - [31] Originally by: Liberty Eternal Edited by: Liberty Eternal on 03/03/2011 23:48:58 Originally by: cosmoray Anyone can get past an audit. The two best ways: 1. BPC vs. BPO 2. Transfer of assets via station trade. My total take is close to zero, as I have given 99% of it away. I didn't even take the 10-20B offered in the Hegel bond. That bond was mainly to try and show up in an audit anyway Another scammer saying audits are useless I think the Hegel Angel case was an attempt to get 62 bil and that you would have taken it if you could. Wasn't interested in the cash from that, as I practically don't play anyway. I wanted to set up the audit to see if people would see the 100M ISK money transfer in the wallet journal. I couldn't have collected either, as I was actually out of the country with no game access on work laptop. The plan was to always end it in March. I could have earnt the 15B or so offered, and I could have taken Billions in the signature channel with people practically throwing money at me. Any that did was returned. This was SCAM burnout, I didn't want anymore. I gambled the last 3B at EOH by playing Heads Up until I lost it.
Kei Darker	Posted - 2011.03.03 23:56:00 - [32] soo... someone has to ask... Can I haz your stuffs?
Drealar Caldari Heroes. Insidious.	Posted - 2011.03.03 23:57:00 - [33] Originally by: Drealar gief stuffs cosmo? :D
Cheque Please Hot Like Mexico	Posted - 2011.03.03 23:57:00 - [34] Originally by: cosmoray This was SCAM burnout, I didn't want anymore. I gambled the last 3B at EOH by playing Heads Up until I lost it. Aw cosmo, it's almost sad. So bored with EVE you can't even bother scamming the billions anymore. GL to you --- RL Meeting w/ Chribba
Cista2 Hydra Investment Fund	Posted - 2011.03.03 23:59:00 - [35] I'll be d*mned, that's disappointing. Anyway, I'll give myself credit for crying wolf on the previous thread - it was obvious that something had cracked. ----------------------- "Signatures" trade chatroom / Universal Railways
Misty McGinnity	Posted - 2011.03.04 00:00:00 - [36] Originally by: Breaker77 Quote: An audit was conducted by VV Goes to show you, audits are useless. No **** sherlock lol. imo VV is in on it. so are alot of you other nerds. posting in an epic thread.
Tasko Pal Spallated Garniferous Schist	Posted - 2011.03.04 00:00:00 - [37] Quote: It was, and always has been a massive ponzi scheme right from the start. I made several investments in 2008-2009, most which failed hard. The funny thing is that Cosmoray was still one of the best. When I came back after a long spell last September, I decided to stay away from the MD investment scene. I have yet to regret that decision. MD is good for information and (cough) spreading disinformation, such as talking about the latest scams (this thread for example ), hot markets, latest CCP patch churn, etc. Past that? I don't know. Long term commitments with other players just don't work very often.
Tutskii	Posted - 2011.03.04 00:07:00 - [38] can I haz some stuffz plz?
Misty McGinnity	Posted - 2011.03.04 00:11:00 - [39] Quote: Stepping Up My Presence In November 2007 I setup Cosmoray as my main identity on the forums. I continued to be an active part of the forums (which I enjoyed), but when I played the game it was with my PVP toon on another account. Things continued smoothly into the middle of 2008, when I started to run out funds again. At this time I actively worked on a plan to run a long term ponzi scheme where I could earn money, improve reputation with interest payments, refinance and continue until money ran out all whilst siphoning money for my PVP activities. The bold part highlights WHY AUDITS ARE USELESS. Quote: Second Audited Scam Around this time I came up with a plan to beat the audit system run by certain players. This was achieved by launching a 32B ISK IPO with an ALT. Using Cosmoray I would station trade assets over to look good. The ALT was also heavily into IER (see further down) so it looked like a large business was occurring. An audit was conducted by VV, easily passed and a holding corp was set up with Cosmoray and VV to hold 18B of the collateral. The investment quickly sold out and the 32B ISK was raised. implying VV was in on it :D lol ahh much lulz, epic thread :D
Zea Aestria	Posted - 2011.03.04 00:12:00 - [40] Real question: Who lost ISK, and how much?
Liberty Eternal	Posted - 2011.03.04 00:15:00 - [41] Far from being useless, audits are very effective, particularly when deployed against their natural prey - the ponzi scheme. The nature of a ponzi scheme is that the ponzi runner does not have the cash he says he does. This is why an audit is the best method of eliminating the ponzi. Whatever he may be saying now, Cosmonaut did try to take 62 bil for his empty ponzi. He had no way of getting over the audit hurdle, which is why it remains a powerful weapon that every ponzi-scammer detests.
YouGotRipped Ewigkeit	Posted - 2011.03.04 00:15:00 - [42] Originally by: Brock Nelson On a more serious note, this just proves one thing. Everyone has a price. I don't give a **** if you say you're a honest person, you're a trustworthy third party, either way you're going to scam. Everyone has a price, its just a matter of figuring out what it is. I know Grendell's got a price. I know Chribba's got a price. Whats yours? "Only you have ever understood me. à And you got it wrong." Georg Wilhelm Friedrich Hegel Black Sun Empire
Misty McGinnity	Posted - 2011.03.04 00:18:00 - [43] Originally by: Liberty Eternal Far from being useless, audits are very effective, particularly when deployed against their natural prey - the ponzi scheme. The nature of a ponzi scheme is that the ponzi runner does not have the cash he says he does. This is why an audit is the best method of eliminating the ponzi. Whatever he may be saying now, Cosmonaut did try to take 62 bil for his empty ponzi. He had no way of getting over the audit hurdle, which is why it remains a powerful weapon that every ponzi-scammer detests. re-read my quoted paragraph #2. he got an "lolaudit" & raised 32b for his ponzi. ITT: lol Audits & lolAuditors OWNED.
Liberty Eternal	Posted - 2011.03.04 00:22:00 - [44] Originally by: Misty McGinnity re-read my quoted paragraph #2. he got an "lolaudit" & raised 32b for his ponzi. ITT: lol Audits & lolAuditors OWNED. He got that 2 years ago. The information pictured changed a bit since then. With no audit system, he could have carried on coasting effortlessly from one scam to the next without friction. Like BSAC, he had no ability to get over the audit hurdle. It's not true to say that audits have no use.
Jack Mortu	Posted - 2011.03.04 00:23:00 - [45] Well, I thought your account of everything was an interesting read. Particularly useful to me, because I am considering this business of auditing. (I have a Bachelor's in accounting & auditing in real life is why.) As such, nothing is more useful than learning how scammers scam. Originally by: Brock Nelson On a more serious note, this just proves one thing. Everyone has a price. No, there's honest people in eve who are honest for sake of being so. You likely wont find them on this forum, or at least they're a rarity. It all comes down to: Honesty > Any amount of ISK
Caldariftw123	Posted - 2011.03.04 00:26:00 - [46] I am of two minds .. one says "cosmoray smelled fishy for a while now, did people actually still trust him?" I know he paid out on shares for a while, people still trusted that, but the issue with ebank looked slippery. We saw in that Hegel/hengel/whatever it was thread that people were a bit cautious even with cosmoray's name attached, so I am a LITTLE optimistic in that most people around here have a nose for a scammer .. I mean, most of those offering the isk were not the regular scam-spotter types like liberty, raw, (qube and breaker were offering to help secure it further even) .. yet at the same time, the scammers keep getting isk. So obviously they trick some people, and some people take a gamble (lookin at you deth) now and then and it doesn't pay off .. hmm. An audit, proving cosmoray had the NAV he claimed, would have helped later in his life .. as clearly when he gave out his key it showed he did NOT have it, and thus an audit can spot it .. but then, if a guy is running a ponzi he wont allow an audit in the first place would he, at least not on the character that is running the ponzi. Using an alt to get X billion isk, and topping their NAV up with a character that has even more, is a fairly easy way to get round a NAV count but you would still have to have activity on the account to show where the stuff came from or it'd look suspiscious, right? So now I wonder why VV failed to spot anything on that audit he did. So this is where my second mind comes in .. the one that says "MD investment should die off, unless you physically hold the collateral yourself then keep the isk in your own wallet" .. I think at this point, unless CCP do something ANYTHING to help us run these little game-businesses, some sort of tools .. and we all know they wont do that .. then you are gambling unnecessary. You want your billions of isk to 'work for you' ? Then either research some BPOs, cause they don't generally drop in value, or invest in some goods you have a 50/50 shot of the price going up for in the next X months. That would be a much safer and profitable way to keep your isk at work. Bit of a ramble, perhaps. I don't much care for cosmoray or that he scammed, he can have his glorious 5pages of MD scam fame, at the end of the day all the scammers do the same thing and say the same things. I am much more interested in how MD will move from here. The atmosphere in this place has begun to stink lately, with the C&P level of trolling and the number of ****ty offerings on the field, tbh I would go with mind #2 - hold collateral yourself, or do something else with the isk.
Jita Bloodtear	Posted - 2011.03.04 00:31:00 - [47] So is there a TLDR version of events? You built up a ponzi scheme reputation for X months to get out 100bil or so and distribute it to friends? Seems rather small time. This thread needs more numbers, and more back peddlers claiming they didn't trust you from the start - but still invested anyways --------------------------- Full Explanation of the Industry Index System
Misty McGinnity	Posted - 2011.03.04 00:36:00 - [48] Originally by: Jita Bloodtear So is there a TLDR version of events? You built up a ponzi scheme reputation for X months to get out 100bil or so and distribute it to friends? Seems rather small time. This thread needs more numbers, and more back peddlers claiming they didn't trust you from the start - but still invested anyways Don't worry its early days, butthurt VV hasn't made an appearance yet.
SencneS Rebellion Against Big Irreversible Dinks	Posted - 2011.03.04 00:39:00 - [49] Well I'll be... Look mommy another one!! He is already on "The Thieves of EVE" list anyway so it's not like anything changed. Another day another ISK sucked away by those smarter then the people who watch over them. Amarr for Life
Cheque Please Hot Like Mexico	Posted - 2011.03.04 00:39:00 - [50] Originally by: Misty McGinnity Don't worry its early days, butthurt VV hasn't made an appearance yet. As my alt, you are really disappointing me, Misty. Calling someone "butthurt" or a "nerd" on the MD forums is like --- RL Meeting w/ Chribba
Liberty Eternal	Posted - 2011.03.04 00:49:00 - [51] Edited by: Liberty Eternal on 04/03/2011 00:54:57
Block Ukx Forge Laboratories	Posted - 2011.03.04 00:53:00 - [52] Edited by: Block Ukx on 04/03/2011 00:54:05 "Second Audited Scam Around this time I came up with a plan to beat the audit system run by certain players. This was achieved by launching a 32B ISK IPO with an ALT. Using Cosmoray I would station trade assets over to look good. The ALT was also heavily into IER (see further down) so it looked like a large business was occurring. An audit was conducted by VV, easily passed and a holding corp was set up with Cosmoray and VV to hold 18B of the collateral. The investment quickly sold out and the 32B ISK was raised." - Cosmoray PRICELESS! PS CRCH has been de-listed EDIT: This is one of the many ways to by pass audits. BSAC Stock Exchange - EVE's only real-time stock exchange
Vaerah Vahrokha Minmatar Vahrokh Consulting	Posted - 2011.03.04 00:57:00 - [53] Quote: An audit was conducted by VV I don't recall being the one who did that one. Did I even play back then? I did an audit on a supposed-to-be other player that was kept separated from the OP account in order to not show up as suspicious API entry (at the time API covered 1 week only). Quote: Anyone can get past an audit. The two best ways: 1. BPC vs. BPO These were not BPCs: Nor these: Originally by: Brock Nelson Liberty, as a former auditor, I can safely say that audit is indeed useless and serves only as a fact checker, nothing more. Which is actually what they are meant to do... Quote: re-read my quoted paragraph #2. he got an "lolaudit" & raised 32b for his ponzi. Audit link He setup an alt for a quite perfect operation that the API could not discern from a legit one. He even produced a complete T2 manufacturing sheet with possible profits and all. He did the work a real investee would do. He presented real BPOS, he had real BPOs being copied or researched at a POS. It had full collateral, as the screenshots can show. There has never been anyone complaining about not having had their money back on it as well afaik. I don't feel I have neglected what I had available via EvE technological means. - Auditing & consulting When looking for investors, please read http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
Caldariftw123	Posted - 2011.03.04 00:57:00 - [54] Edited by: Caldariftw123 on 04/03/2011 01:00:02 Originally by: Block Ukx Edited by: Block Ukx on 04/03/2011 00:54:05 "Second Audited Scam Around this time I came up with a plan to beat the audit system run by certain players. This was achieved by launching a 32B ISK IPO with an ALT. Using Cosmoray I would station trade assets over to look good. The ALT was also heavily into IER (see further down) so it looked like a large business was occurring. An audit was conducted by VV, easily passed and a holding corp was set up with Cosmoray and VV to hold 18B of the collateral. The investment quickly sold out and the 32B ISK was raised." - Cosmoray PRICELESS! PS CRCH has been de-listed EDIT: This is one of the many ways to by pass audits. Yup, it is. If you are claiming a NAV under what you actually have you can easily fuel a ponzi by using alts ie you have 100billion, launch an IPO with a stated NAV of 4billion and just funnel 4billion into that alt so that it shows up. What you cannot do, however, is say "I have 700billion isk" and pass an audit without actually having 700billion isk, which would be a lot harder to achieve unless you have a 'main' that actually has >700billion isk already. edit: and lol VV comes in and stomps over everyone's fun "lol@audits!" ;) Good job VV. I am still curious how you were not able to spot the BPOs and things being transferred through? Not as a criticism, more just wondering why that is not able to be spotted - can't you see "station trading with cosmoray" in wallet journal, or anything like that? What technology is missing to help you get past this in the future?
Block Ukx Forge Laboratories	Posted - 2011.03.04 00:59:00 - [55] Originally by: Liberty Eternal Originally by: Misty McGinnity re-read my quoted paragraph #2. he got an "lolaudit" & raised 32b for his ponzi. ITT: lol Audits & lolAuditors OWNED. He got that 2 years ago. The information pictured changed a bit since then. With no audit system, he could have carried on coasting effortlessly from one scam to the next without friction. Like BSAC, he had no ability to get over the audit hurdle. It's not true to say that audits have no use. YouÆve been proven wrong, and yet wonÆt admit it. Not only that, you have the guts to continue your defamation campaign. IÆm not surprise. BSAC Stock Exchange - EVE's only real-time stock exchange
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.03.04 01:01:00 - [56] Originally by: Block Ukx Originally by: Liberty Eternal Originally by: Misty McGinnity re-read my quoted paragraph #2. he got an "lolaudit" & raised 32b for his ponzi. ITT: lol Audits & lolAuditors OWNED. He got that 2 years ago. The information pictured changed a bit since then. With no audit system, he could have carried on coasting effortlessly from one scam to the next without friction. Like BSAC, he had no ability to get over the audit hurdle. It's not true to say that audits have no use. YouÆve been proven wrong, and yet wonÆt admit it. Not only that, you have the guts to continue your defamation campaign. IÆm not surprise. You're an idiot who didn't read what he posted. Vote KALRAND for CSM!
Vaerah Vahrokha Minmatar Vahrokh Consulting	Posted - 2011.03.04 01:05:00 - [57] Originally by: Block Ukx YouÆve been proven wrong, and yet wonÆt admit it. Not only that, you have the guts to continue your defamation campaign. IÆm not surprise What did I tell you via mail about the forum? Don't you see that the next natural target of ANY troll + flaming as the "Last Big Unaudited Thing" is exactly you? - Auditing & consulting When looking for investors, please read http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
Liberty Eternal	Posted - 2011.03.04 01:05:00 - [58] Originally by: Block Ukx YouÆve been proven wrong, and yet wonÆt admit it. Not only that, you have the guts to continue your defamation campaign. IÆm not surprise. It's a special kind of pleasure to cross swords with you Block. Like me, you are a man who does not know when to quit - I can respect that. However you need to understand two things - one, mind-games don't work on me. Two, I'm taking you and your scam down.
SencneS Rebellion Against Big Irreversible Dinks	Posted - 2011.03.04 01:06:00 - [59] While one time audits are useless when faced with someone smart enough to exploit them. I wonder how he could have faired with an ongoing constant financial reporting on his API. Its one thing to create an environment in which can clearly trick a one time audit, it's another to maintain the illusion without anything unusual coming up. The longer it runs the possibility of being tripped by up a financial audit would be. Interesting read none the less, it's saved for reference material and is has some new unique insight into what to look for to determine a scam at least. Amarr for Life
Block Ukx Forge Laboratories	Posted - 2011.03.04 01:08:00 - [60] Originally by: Liberty Eternal Originally by: Block Ukx YouÆve been proven wrong, and yet wonÆt admit it. Not only that, you have the guts to continue your defamation campaign. IÆm not surprise. It's a special kind of pleasure to cross swords with you Block. Like me, you are a man who does not know when to quit - I can respect that. However you need to understand two things - one, mind-games don't work on me. Two, I'm taking you and your scam down. That's ok. I'll continue to prevent you and Karland to run the next "Super Secured Audit Enabled" scam. BSAC Stock Exchange - EVE's only real-time stock exchange

Pages: 1 [2] 3 4 5 6 7 8 9 10 11 12 .. 12 :: one page
First page \| Previous page \| Next page \| Last page

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.