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EMFI Auditor
Minmatar Eve Intergalactic Bank
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Posted - 2006.08.29 17:43:00 -
[1]
I have replaced Cally as CEO of the bank (with help of one of EIB Directors) and have explored the assets of the bank in order to save them.
Unfortunately there was barely any isk and no assets in the bank. All assets were on different directors and corporations. Kal D'Vogh has access to all EIB/I assets and isk and seems to be working hard on liquidating all assets in order to reimburse.
As a sign of good faith, Kal has reimbursed about 7.25bil of EMFI's investment into EIBI with a shareswap of EIBI vs BMBE shares.
I am going to release CEO of EIB to Kal D'vogh and remain in the bank with Jr Accountant role (was offered director role by Kal, but I declined).
For the last weeks Kal has given the impression to be genuinely interested in reimbursing the people that lost on EIB/I and UEMA. And he is struggling with liquidating because there are a lot of illiquid assets (such as unresearched BS BPOS which will have to be researched before sold)
The good news is, as things look now, EMFi will be able to pay dividends this period. And it looks like people will be able to get reimbursed (most) of their isk.. even if it might take months to do so. ------------------------------------------
"The only thing I am gonna argue with alts is wether I should argue with alts."
-- Naphtalia 2006 |
Vanlade
Amarr Imperial Academy
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Posted - 2006.08.29 18:51:00 -
[2]
? - Vanlade
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Hexxx
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Posted - 2006.08.29 19:01:00 -
[3]
Bravo and good luck. Kudos to Kal D'vogh as well for taking responsibility for what is certainly a challenging goal.
These actions only add to the credibility and trust that EMFi has accrued to date. (Another congragulations due on the 73 billion raised in the AATP IPO, of which EMFi is the parent company)
I would be interested in helping to liquify some of the assets. I'm sure many others would be as well.
It is sometimes common to auction off assets siezed in bankruptcy. Perhaps an auction would be the best way to quickly liquidate the remaining assets of EIB?
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Marodi Julita
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Posted - 2006.08.30 00:21:00 -
[4]
Kudo's to kal.
It's good to see there are some decent people in the galaxy
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sir Tormerick
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Posted - 2006.08.30 09:00:00 -
[5]
Famtastic news m8 ... good to see some honour still exists...
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Eilene Fernite
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Posted - 2006.08.30 09:25:00 -
[6]
Originally by: EMFI Auditor For the last weeks Kal has given the impression to be genuinely interested in reimbursing the people that lost on EIB/I and UEMA.
Other than the fact that Kal kissed up to EMFI by reimbursing them before anyone else, what makes you trust Kal not to run off with what's left of the ISK? Please tell me you have something more effective up your sleeve than a good impression...
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Mandriel Lightbringer
Minmatar
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Posted - 2006.08.30 09:46:00 -
[7]
Edited by: Mandriel Lightbringer on 30/08/2006 09:47:46 Sounds nice with the rescue attempt.
If this really is for real, then a shout in the "EIBBANK" mailing list would be much appreciated.
edit: Typo ------------------------------------------------------ Best wishes Mandriel
Self-reliance is the only road to true freedom, and being one's own person is its ultimate reward.
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Ricdic
Caldari Corporate Research And Production Pty Ltd
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Posted - 2006.08.30 11:05:00 -
[8]
Couple of things. Firstly, great to see things moving along. Two things I will bring up here:
1) Crazy Bugger (my alt) has 1.2b of EIB funds left from his float. Please let me know where you want these funds moved too.
2) The unresearched bpo's in your possession I am happy to take off your hands. I should be able to sort something out with them no problem.
Insured Research and Production Services |
Celestial Manager
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Posted - 2006.08.30 16:01:00 -
[9]
Queston: What about those with EIBI shares? Any compensation for them? Or is that out of the question?
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Kal D'vogh
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Posted - 2006.08.30 17:25:00 -
[10]
I am doing my best to liquidate remaining assets but in order to be able to make sure everyone gets something back, I need to recoup full value on the assets, all while maintaining some form of profit generation.
The order of reimbursement will go
1: Account Holders 2: EIBI share Holders 3: Alliance Account Holders (providing I get that information from Dentara)
I will attempt to issue a dividend for EIBI share holders within the next week. The amount I need to issue dividends will be around 3 billion isk but there is a method I will use that will ensure that sharehlders get the 10% without me having to find 15 billion isk. This will allow me more time for items to sell and reimburse account holders.
I can't give a time guarantee for full reimbursement but you can be assured I am working on it.
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Kal D'vogh
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Posted - 2006.08.30 17:30:00 -
[11]
The EIB is by no means dead, unless you look at it from an investors point of view. The EIB is never likely to recieve new accounts, deposits, or investments after all this. We have the means and know how to make profits, but just lack the capital to make enough at this time and it is unlikely we will ever get that sort of capital again.
Dentara did a good job of destroying the possibility of a player run bank in EVE.
I have spoke to some involved parties and we have decided that we will attempt to revive the EIB, if for no other reason to prove the creditibility of the employees.
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Hexxx
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Posted - 2006.08.30 17:44:00 -
[12]
Kal,
In my mind, there is one opportunity that I can think of that will start you down that road.
If EMFi will have a continued presence in the auditing, reporting, and oversight of the operations of the Bank and further....vouch for the legitimacy of the Bank, there is a chance to recover lost reputation.
I was never an investor (i'm sure they feel differently) but if you can demonstrate a commitment to:
1) Clear and transparent reporting 2) Independent 3rd party auditing via EMFi 3) Well written policy and controls on who has access to assets
These three things, if followed in letter and spirit, would go a long way towards rebuilding the lost credibility of EIB. It is a long painful road, but I wish you the best of luck.
Regards, Hexxx
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Mandriel Lightbringer
Minmatar United Systems Navy
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Posted - 2006.08.30 20:34:00 -
[13]
As i have stated in the mailing list, i would very much like to see the concept of a player-driven bank continue in EVE, and if you manage to stay alive, and pay most of the money owed out, i would like to stay in as customer to support.
First and foremost i would like to see a shout in the mailing list if any of you have posting rights, alternate making a new one, where you could keep us updated on the situation. ------------------------------------------------------ Best wishes Mandriel
Self-reliance is the only road to true freedom, and being one's own person is its ultimate reward.
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Kal D'vogh
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Posted - 2006.08.30 22:17:00 -
[14]
As inapropriate as this sounds the divisional model that was proposed by Cally would have sorted many problems out. For someone with his intelligence and ability it's a complete waste of talent in what he done recently.
One problem he had was trying to do everything himself. He would not delegate and this lead to the books being a mess. Although the documentation I'm left with is incomplete I can still see alot of profit was not declared on the books and in some cases was over exagerated. This happened because there was only him dealing with the books so he only had himself to answer to in effect.
I, like other directors and market traders, were given a sum of money and had to generate a 10% markup for the bank, the rest we would keep for ourselves which worked just fine for me. I was happy with making what I did when running trades for the bank. Perhaps just enough not to question certain actions that could have maybe prevented Cally taking what he did. My first outcry was when I realised I was no longer going to be making myself that money but it was infact going to goto shareholders - a prospect I honestly did not want, and so I publicly made my feelings clear.
After taking a better look at everything that I previously did not look at, nor was interested in, I have found that the plans made by Cally and all the templates for corporations/divisions and corporate protocol could be put to use with excellent results. Don't get me wrong here, I have fallen out with this guy who I considered a real friend because I think he is scum, but he knew how to make a corporation very profitable and sucessful. I can now see the advantages of such a business model and I am begining to be interested in running a part public company - something that made me cringe a few months ago.
If the bank would have been able to proceed with these changes he was talking about, I honestly think this theft would have never occured. It is only now that because I know what I'm looking for in the books I can see doctored reports. If there was nothing in particular I was looking for then it would not be noticed. I think Cally was basically going to cover up loose ends and restructure the corporation as a fully fledged legitimate enterprise. It would have prevented almost total access to one single person within the bank, required an auditor for each division, and ensured complete transparency for the bank.
My honest opinion is that Cally knew that there was no way EMFi would have been fooled with the accounts and rather than risk being discovered as a fraudalent business man in EVE, he decided to glorify himself with a massive theft.
If we can manage to get the EIB clients reimbursed along with any other loose ends then I will seriously consider attempting to relaunch the EIB with public support.
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Baun
Celestial Apocalypse
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Posted - 2006.08.31 01:12:00 -
[15]
Originally by: Kal D'vogh
If we can manage to get the EIB clients reimbursed along with any other loose ends then I will seriously consider attempting to relaunch the EIB with public support.
Try explaining to people how the bank actually made money instead of waving your hands and tossing around vacuous terms and there might be a non-zero chance you would see investors again.
The Enemy's Gate is Down
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Exiled One
Amarr Imperial Shipment
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Posted - 2006.08.31 04:37:00 -
[16]
Sca-sca-scammer !!
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BurnHard
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Posted - 2006.08.31 08:21:00 -
[17]
If I were EMFI, I would graciously accept the reimbursement from EIB and then drop kick it far into the distance.
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bucoll
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Posted - 2006.08.31 15:56:00 -
[18]
Originally by: BurnHard
If I were EMFI, I would graciously accept the reimbursement from EIB and then drop kick it far into the distance.
qft.
and kal d'vough, thinly veiled insults aimed at cally padded with telling everyone just how intelligent he was doesn't fool anyone pal. the more i read of your posts the more i'm beginning to believe you actually are cally!
have fun rebuilding eib. if you pull it off and get it back to how it was i'm sure it won't be long before we'll be all laughing about how everyone got double scammed by the same person!
now that would be funny!
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AltTastic
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Posted - 2006.08.31 17:50:00 -
[19]
Originally by: bucoll
Originally by: BurnHard
If I were EMFI, I would graciously accept the reimbursement from EIB and then drop kick it far into the distance.
qft.
and kal d'vough, thinly veiled insults aimed at cally padded with telling everyone just how intelligent he was doesn't fool anyone pal. the more i read of your posts the more i'm beginning to believe you actually are cally!
have fun rebuilding eib. if you pull it off and get it back to how it was i'm sure it won't be long before we'll be all laughing about how everyone got double scammed by the same person!
now that would be funny!
Yes, posting with an alt -- I was an EIB customer, but thankfully got my money out before the scam hit (about 1 month prior). Bottom line? The reason i pulled my money was because of this "auditor" character. Has anyone actually looked at its employment history? I mean really? Come on, you hit it right on the head man, its the same person. Not to mention Cally (or whatever his name is these days) said in plain english that he was going to scam again in 6 months. Sounds like a logical place to start, with the "trusted" auditor alt he created way back a month before this all happened.
rahhhhhh keep your money in your freaking wallet and make profit the old fashioned way, blow stuff up or buy/manufacture/sell stuff.
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Gina Baldur
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Posted - 2006.08.31 19:57:00 -
[20]
Edited by: Gina Baldur on 31/08/2006 19:57:14
Originally by: AltTastic
Originally by: bucoll
Originally by: BurnHard
If I were EMFI, I would graciously accept the reimbursement from EIB and then drop kick it far into the distance.
qft.
and kal d'vough, thinly veiled insults aimed at cally padded with telling everyone just how intelligent he was doesn't fool anyone pal. the more i read of your posts the more i'm beginning to believe you actually are cally!
have fun rebuilding eib. if you pull it off and get it back to how it was i'm sure it won't be long before we'll be all laughing about how everyone got double scammed by the same person!
now that would be funny!
Yes, posting with an alt -- I was an EIB customer, but thankfully got my money out before the scam hit (about 1 month prior). Bottom line? The reason i pulled my money was because of this "auditor" character. Has anyone actually looked at its employment history? I mean really? Come on, you hit it right on the head man, its the same person. Not to mention Cally (or whatever his name is these days) said in plain english that he was going to scam again in 6 months. Sounds like a logical place to start, with the "trusted" auditor alt he created way back a month before this all happened.
rahhhhhh keep your money in your freaking wallet and make profit the old fashioned way, blow stuff up or buy/manufacture/sell stuff.
Interesting point of view.
To add a little spice here is a quote from Dentara Rast (2006.07.08 11:22:00)
"YES!!! I AM CALLY'S ALT!!! HA HA HA FOOLED YOU ALL!!!! Among my other great alts, there is Dark Shikari! HippoKing! and lets not forget...... EMFI HIMSELF!!!! we should demand an alt sub forum!"
(Linky to original thread)
Well, the first "confession" of Dentara Rast being Cally's alt proofed to be true. How about the other confessions I wonder? At that time everyone thought Dentara Rast's confession to be Cally was hillarious - like some people might think the other confessions are hilarious at this moment in time. As scammers gain a lot of fame and iskies with their work what would prevent even well known mains from running a scam? Think about it...
If EMFI is authentic, then I can only praise the efforts. Obviously trust is something wich is becoming rare. How do I KNOW EMFI is authentic, without having to take anyones word for it?
Due to the history of scams in the IPO field, it might be time that CCP thinks about some mechanisms that provide a framework in wich business in EVE is based on more than trust alone. The new contract system coming in Kali might be a step in the right direction...
Hope always dies last.
I am the most pretty exclamation mark you will ever see! |
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Rikeka
Amarr Ministry of War
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Posted - 2006.09.01 00:00:00 -
[21]
Always though that Dentara knew Cally in person, never expected them to be the same person, though. Kudos to Macdeth.
Glad I read Currin`s info too. I know that his scam ruined many too, but at least he saved some people from this other scam.
- What I hate?
-Men in female characters. -More to come.
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Joshua Foiritain
Gallente Coreli Corporation
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Posted - 2006.09.01 07:25:00 -
[22]
Originally by: Gina Baldur If EMFI is authentic, then I can only praise the efforts. Obviously trust is something wich is becoming rare. How do I KNOW EMFI is authentic, without having to take anyones word for it?
EMFI is ran by Naphtalia, which i would say is unlikely to be Dentaras alt.
Tbh if anything i wonder who Kal really is. Considering she has no pic on the forums and just popped up around the theft. I cant take a peek ingame at the moment to check out her employment history but if anything she would seem the perfect candidate for Dentara's 're-scam'.
But then, i dont know much about EIB since i never invested or paid much attention. -----
[Coreli Corporation Mainframe] |
Taurequis
Waylander 01
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Posted - 2006.09.01 08:03:00 -
[23]
Edited by: Taurequis on 01/09/2006 08:03:54 Hi,
As a non investor in any of the scam'ed corps (UEMA & EIBI) or an account holder i've only been reading these posts with interest.
But when i did get involved with some probing for Kal's main I was sidestepped repeatedly.
Now fair game the man wanted to keep his "combat pvp" main hidden. But the reasons for that action especially since he now states an interest in regaining investor confidence are now surely void.
Kal - It looks like your trying really hard to do the "right thing" and are getting a mixture of Kudo's and sceptisism from the forum hordes. Surely now you can tell us who you really are? Honestly if your some lowdown pirate roleplayer people could see past that.
Especially if you want to get back some trust in this venture. People are mature enough to realise a man can seperate the actions of one character and his roleplayed carrier from the actions of this alt that banks (pardon the pun) on the trust of others to get investors and account holders.
I repeat - Your trying to do a good thing and Kudo's for that. Why have any fear of effecting your gameplay on your combat main from your actions here?
Best Regards,
Taur
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Death Mate
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Posted - 2006.09.01 12:45:00 -
[24]
KAL IS CALLY.
What the hell is wrong with you people?
It is truly amazing to me how naive you all are.
KAL IS CALLY.
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EMFI Auditor
Minmatar Eve Intergalactic Bank
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Posted - 2006.09.01 12:55:00 -
[25]
Originally by: Death Mate KAL IS CALLY.
What the hell is wrong with you people?
It is truly amazing to me how naive you all are.
KAL IS CALLY.
If you are truly convinced about this (which I am truly not) I suggest you start shouting this AFTER Kal reimburses everyone, mmkay?
The only thing you can acheive now is ruining the chance of people getting reimbursed.
oh and some personal glorification. ------------------------------------------
"The only thing I am gonna argue with alts is wether I should argue with alts."
-- Naphtalia 2006 |
Death Mate
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Posted - 2006.09.01 13:29:00 -
[26]
Edited by: Death Mate on 01/09/2006 13:29:32
Originally by: EMFI Auditor
Originally by: Death Mate KAL IS CALLY.
What the hell is wrong with you people?
It is truly amazing to me how naive you all are.
KAL IS CALLY.
If you are truly convinced about this (which I am truly not) I suggest you start shouting this AFTER Kal reimburses everyone, mmkay?
The only thing you can acheive now is ruining the chance of people getting reimbursed.
oh and some personal glorification.
This is very true and glory means nothing to me... so:
KAL IS NOT CALLY... YET.
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Ricdic
Caldari Corporate Research And Production Pty Ltd
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Posted - 2006.09.01 15:29:00 -
[27]
I think I know who Kal's main is. Just a hunch from someone I saw involved in a lot of this when I was doing teller duties. I won't post it here in case I am wrong, and the person I finger gets hounded with evemails. EMFi, from memory you know who his main is correct? I can evemail my hunch to you.
Either way, I won't be releasing any of this kind of material unless all goes down the crapper.
Insured Research and Production Services |
Rthor
Gallente Smugglers Inc.
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Posted - 2006.09.01 15:36:00 -
[28]
Kal is Cally.
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Ricdic
Caldari Corporate Research And Production Pty Ltd
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Posted - 2006.09.01 15:57:00 -
[29]
Originally by: Rthor Kal is Cally.
Do you have proof of this? If not, you are just wasting forum space with this kind of claim.
Insured Research and Production Services |
Rthor
Gallente Smugglers Inc.
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Posted - 2006.09.01 16:04:00 -
[30]
Originally by: Ricdic
Originally by: Rthor Kal is Cally.
Do you have proof of this? If not, you are just wasting forum space with this kind of claim.
I heard that before from you. You were wrong then.
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