EVE Search - EMFI Preliminary Statement on the EIB/EIBI Audit

Check My IP Information

All Channels

Market Discussions

EMFI Preliminary Statement on the EIB/EIBI Audit

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

Monitor this thread via RSS [?]


Author	Thread Statistics \| Show CCP posts - 0 post(s)
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.24 22:04:00 - [1] Edited by: EMFi Manager on 24/07/2006 22:05:00 So the audit isn't finished, so why post now? Today something happened when Cally supposedly took all the isk out of UEMA's corp wallet with his alt in UEMA. I immediately logged in on my auditor account to see if there are any directors of EIBI logged in to talk to. When logged into EIBI I also saw that someone had emptied EIBI hangars and corp wallet this was done by a 1-day alt character in the corp. I convoed this character and had a really interesting conversation (over 3 hours) where he explained that (some of the) directors were fed up by being pushed around by Cally and decided to loot EIBI and run of with the assets themselves. They also stated they didn't want to hurt UEMA and promised to give Mung Lore back the isk they stole of him. Of course I considered this character to be an alt of Cally, however the quick responses to questions in the chat while Cally was talking on Team speak and some other information makes me think this isn't the case. This was one of my worries with EIBI from the beginning since the directors were to lose out when Cally's new plans would come forward. The directors would lose a lot of freedom and have a lot more controls and it was already suspected that some of hte directors would quit EIBI when the changes would go forward. I convinced the alt "Miss 26" to xfer the remaining corp shares to my auditor (Miss 26 claims not to want to hurt the investors just to get some isk out of her time in EIBI) and convinced Cally to xfer me ennough isk to reimburse all the shareholders of EIBI from Cally's personal funds. I have yet to receive the isk from Cally, but Cally promised to give enough isk in escrow to me to reimburse all the missing shares. Also Cally assures me there is enough isk in her personal wallet to cover the balance of all the accounts in the bank and the only person losing out will be Cally himself. EIBI intends pay out the 10% promised for the 3month 10% guarantee and pay the 15mil investment. I wish I could say this could have been avoided if CT didn't post, I do have a LOT more information which I will gladly share at this point but left out for this emergency statement. I will be available to answer any questions about the audit or EIB/EIBI. PS: I would also post a theory about how (some of) the directors managed to get to UEMA/EIBI wallets and which accounts were involved and which other characters were on those accounts, but I beleive that making statements like that are against the UELA, so I will refrain from making those statements on the forums. And I don't have conclusive evidence of those facts other then conversations by some of the characters involved. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.24 22:04:00 - [2] Edited by: EMFi Manager on 24/07/2006 22:04:43 The preliminary results from my Audit with EIB/EIBI First of all I didn't intend to publish any audit results till I was completely finished. However today I stumbled upon some information I can't afford to sit on without making a statement. Therefore I will post condensed version of the audit now. When the first post of CT was made accusing Cally of being a scammer I offered to do an audit of the Bank and EIBI, and I am regretting it ever since. I have gotten a lot of criticism and attacks about the audit. Also my own credibility has been attacked and I have been accused of not finishing the audit on time. In this post I will tell you only facts as I know them. I did the following actions on the audit: 1) Cally wrote me a detailed write up about the bank and EIBI, the operations and the structure all mains and alts involved in the bank. 2) We wrote a questionnaire which Cally answered. 3) We wrote a psych profile which Cally filled in and we evaluated 4) I have had an alt with jr Accountant access accepted in the bank 5) I spend hours and hours (not sure how many but 10-20 at least) on teamspeak with Cally 6) I received RL contact details of Cally. The short version of my findings (longer version will be posted if and when the audit will ever finish, and it is still necessary for it to be concluded) 1) Cally claims that: "The bank profits come from a number of corporations which EIB owns and/or has invested in, some of the corporations are 1man trading corps, also known on this forums as 'the directors' but effectively they are just investments of the bank that pay profits to the bank" also there are a lot of characters involved in the EIB/EIBI itself (+ alts) and even more in the few larger corporations supposedly owned by EIB/EIBI 2) The questionaire shed some more light on the questions answered in Q#1 3) The psych profile was quite interesting, it made me beleive that Cally isn't the type of character that would scam, but of course these aren't 100% full proof. 4) The moment I got jr. accountant access I got very scared. To be honest the wallet of the EIBI is a total mess. The wallet isn't being used as a public corp would use the wallet, barely any isk is in the wallet and barely any transactions are being done through the wallet. Cally claims that a lot of the corps pay their profits directly to Veleena and Cally instead of to the corp. Which made it practically impossible for me to finish the audit with just corp wallet access. I was able to see the corp assets, and could confirm there were a LOT of minerals spread all over eve from filled mineral orders. and there were quite a few Battleship BPOs (of some battleships multiple bpos) in the corp hangars. But definitely not enough to say anything conclusive, well besides the conclusive fact that the way that EIBI/EIB is run isn't transparent and difficult to audit. 5) I spent a lot of time with Cally on team speak and grilled her about any detail of any shady transaction I found in the wallet or double check any post or answer to any of my questions. We also talked about the reason he wanted to "restructure" the bank (see cally's post on the subject). Restructuring the bank would effectively mean divisional wallets and budgets and the possibility for EIBI to grown and maintain controllable and maintable. I decided it was worth waiting for Cally to get access to eve back in order to receive screen shots of her wallet (profit payments from her corporations) and assets etc. to confirm conclusively that EIBI isn't a scam or a fake corp. Unfortunately this hasn't happened till now. 6) I have received RL contact details and phone number of Cally and confirmed the phonenumbers authenticity. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.24 22:31:00 - [3] Originally by: HippoKing Cally says he had sole access to that account, but it was not him thieving. That suggests some form of hacking, but no director would admit to hacking, right? [ 2006.07.24 17:54:09 ] Miss 26 > Ill ask about UEMA [ 2006.07.24 17:54:13 ] EMFI Auditor > kk [ 2006.07.24 17:54:18 ] Miss 26 > wait... [ 2006.07.24 17:54:33 ] Miss 26 > what was taken? [ 2006.07.24 17:54:37 ] EMFI Auditor > not much [ 2006.07.24 17:54:39 ] EMFI Auditor > 350mil [ 2006.07.24 17:54:46 ] Miss 26 > hmmm [ 2006.07.24 17:54:54 ] Miss 26 > is UEMA your corp? [ 2006.07.24 17:55:24 ] EMFI Auditor > but the character EIB OfficialUEMO cleaned it out and emptied the corpwallet [ 2006.07.24 17:55:29 ] EMFI Auditor > no it isn't [ 2006.07.24 17:55:31 ] EMFI Auditor > (not my corp) [ 2006.07.24 17:55:36 ] Miss 26 > i did not intend this to affect any other corps [ 2006.07.24 17:55:51 ] Miss 26 > ill get the stuff taken returned Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.24 22:41:00 - [4] Originally by: Salazar N'terre Originally by: EMFi Manager Originally by: HippoKing Cally says he had sole access to that account, but it was not him thieving. That suggests some form of hacking, but no director would admit to hacking, right? [ 2006.07.24 17:54:09 ] Miss 26 > Ill ask about UEMA [ 2006.07.24 17:54:13 ] EMFI Auditor > kk [ 2006.07.24 17:54:18 ] Miss 26 > wait... [ 2006.07.24 17:54:33 ] Miss 26 > what was taken? [ 2006.07.24 17:54:37 ] EMFI Auditor > not much [ 2006.07.24 17:54:39 ] EMFI Auditor > 350mil [ 2006.07.24 17:54:46 ] Miss 26 > hmmm [ 2006.07.24 17:54:54 ] Miss 26 > is UEMA your corp? [ 2006.07.24 17:55:24 ] EMFI Auditor > but the character EIB OfficialUEMO cleaned it out and emptied the corpwallet [ 2006.07.24 17:55:29 ] EMFI Auditor > no it isn't [ 2006.07.24 17:55:31 ] EMFI Auditor > (not my corp) [ 2006.07.24 17:55:36 ] Miss 26 > i did not intend this to affect any other corps [ 2006.07.24 17:55:51 ] Miss 26 > ill get the stuff taken returned How does an alt have to ask about what is taken? let alone have to ask about UEMA? odd! Well look forward to the full information when your down, and not just the preliminary information. [ 2006.07.24 17:54:09 ] Miss 26 > Ill ask about UEMA obviously he had to ask about UEMA, use your imagination why. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.25 08:26:00 - [5] Originally by: Eilene Fernite This is a director? Someone with access to at least one of Cally's accounts (in one way or another). How is it possible the he has no clue about an audit going on? I had my auditor logged in te whole night and since found out who the miss 26's main is, he left the operation weeks ago (before the audit) and sold his personal EIBI shares for profit (actually I found out that the EMFI fund bought his shares). The exact details I don't know but it could be that he just doesn't read this forum and for some reason was able to empty EIBI & UEMA. Also he said he didn't find out about Mung Lore's post till hours after Mung posted. It could all be a charade, a lot of alts shouting at eachother and blaming eachother. This is something that is on the top of my list of "things to find out" I will try to get Cally+Miss 26+ another director involved in the shouting on 1 teamspeak & get screenshots etc. To 100% verify this isn't just theatre. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.25 09:18:00 - [6] Originally by: Eilene Fernite Ah, that also makes sense of why he needed a partner to actually seize the assets. Did they also tell you who that was? Nope, but EIBI (Cally and Kal) claim to know who both characters involved are. If you think Cally's response to Mung was nasty, you should see corpchat o.O Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.25 19:35:00 - [7] Originally by: Astarrel Osteth That was the point of my post - lack of conclusive evidence on EIBI or EMFI's part - you are taking the audit at face value, just look a bit deeper, you'll see what I mean. I don't think my post claimed to be an audit, or claimed to offer any conclusive evidence of any kind. My post explained that the audit is being delayed coz of lack of conclusive evidence and that I felt I needed to go public with the alledged corptheft of EIBI. Hence my post. Stop trying to twist my words.. and as for "reliability" and "vested interests" I suggest you read my post where I explain the audit process. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.25 19:47:00 - [8] This thread isn't about EIB/I being a scam, nor about the final outcome of the audit. I am not giving EIB/I the all-clear, at this moment I haven't gathered conclusive evidence of this fact. This post IS to give information to the public of the alledged corp theft in EIB/I becuase that is information I found during the audit I couldn't keep quiet. Anyways this information has been passed and I think this thread has served its purpose. any mods around? Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.26 21:31:00 - [9] Originally by: Lala Ru Why do people consistantly talk about "Trusting Currin". In regards to the EIB situation, I don't think he ever said "Trust me, this is a scam. Instead, he tries to put forth logical arguments and evidence of varying accuracy. While one can argue that his arguments or evidence is flawed, the fact that he's a slimeball doesn't automatically make his arguments invalid. Wrong thread Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.27 21:06:00 - [10] Originally by: without 6% per month lol take your ıskıes out for a month and waıt to see ıf ıts a scam. Alt of Naphtalia Visit my investment site

EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.28 22:08:00 - [11] Originally by: Needin Edited by: Needin on 28/07/2006 21:39:00 I read Currin's account of his activities running a ponzi scheme and then stumbled onto this thread while making my acquaintance with the boards. I'm an Eve newbie, after all. One thing did strike me about this audit though. When a business is audited, the company doesn't bring the auditor in, set them in front of a single filing cabinet and go "There you go! Have fun!" The company has to lay records down showing where exactly assets are, accounts payable, accounts receivable, etc. IOW, the onus is on the company to prove the accuracy and worth of their assets. By all accounts, EIBI set the auditor in front of a single wallet, told the auditor that that wasn't really the wallet used for transactions and invited them to dig through. Not exactly the actions of a company owner trying to be a bit more translucent. I was also struck by how Currin lays his case out logically and without emotion yet his allegations are never tackled point by point but simply responded to with ad hominem attacks. My old logic professor taught us that ad hominem attacks are a tried and true method used by those who are making a weak case. However, as I said, I'm an Eve newb. I have no isk involved nor do I know the parties involved. I know if I did have isk involved, I'd be yanking them out of that "bank" so fast the wallet would sizzle. If not a scam, it's certainly an Enron-esque level of bad bookkeeping and poor management. Good luck to those involved. This is certainly fascinating! Actually, I was given xls books.. and told that I shouldn't bother looking at the wallet becuase it wasn't the real wallet, and should wait till I could check the real wallet.. I insisted on seeing the corpwallet anyways, which was of little use. Alt of Naphtalia Visit my investment site
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.07.29 07:32:00 - [12] Originally by: Tarkan Kador What sort of bank president keeps the vault in his house, and puts deposits made to the bank in his own account? a bank ceo that doesn't want someone with wallet access to run of with 100s of bil? :) I am not saying I like this but given the fact that there are directors it is either leaving all the isk for grabs or parking it on character wallets. We really need divisional accounting in eve. Maybe having multiple corps helps here. Alt of Naphtalia Visit my investment site

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.