My job is done with Qoin. A Con. Exposed. Bankrupted. And when the Curator (Liquidator/Receiver) is done, it will be up to the authorities to take up the feeds from all of the various sources and lock the conmen up. But in today’s post I wish to share how the Qoin Con is a never-ending font of hilarity for me, as the two con-artists stick their head up yet again from their burrows and effectively say, “Whack me! Over here! Here I am! Please whack me!” Let me explain . . .
I’m beside myself today with incredulity that Edgar Kampers and his various deluded followers cannot but help themselves but perpetuate the nonsensical behaviour that got them into their pickle in the first place – BS!
When Qoin was bankrupted in the Dutch court on 29 March 2016, the parent entity went down. Make no mistake about his one, this is a HUGE blow to the conmen for they had spend all of Q4, 2015 preparing their company affairs with a maze of entities and companies to protect themselves from this very scenario.
Massive efforts were put in to try to bamboozle investors, creditors and the world so that when another one of their entities went under it would take out a few creditors and leave them to walk away with the assets – it’s their modus operandi that has worked well for them for years.
This time however, somebody got to them first – me! Knowing that their creditors were getting done over and dished up with a dodgy offer designed to fool them into a nasty surprise, I took the conmen’s actual instructions to their lawyer to try and screw them all in various ways and put them online (and OK maybe I did a little speaking to a few of the Creditors too behind the scenes, cough cough) but basically the game was up when the creditors worked it all out – BOOM!
Now in a normal bankruptcy a Liquidator gets paid for collecting the cash (I mean how will he get paid if he can’t find any assets to cash up after all?). The job of a liquidator is to locate the usually hidden assets and cash them up – for himself and for the creditors. Now conmen like Edgar Kampers and Rob van Hilten on the other hand want to retain their assets and obviously will hide all the real assets from the Liquidator’s reach. First is to hide them so he doesn’t know where they are; and secondly to deceive him so that he thinks they really weren’t in the original bankruptcy, or at least shouldn’t be.
So it is VERY unusual and VERY funny for me that Edgar Kampers is telling the industry, No, No, No Qoin has the assets. Qoin wasn’t part of the bankruptcy because that’s THE very thing that any smart conman would be LOATHE to shout about – just in case the Liquidator found out and started asking questions!
Oops! You just can’t get any funnier than this in the business can you? A conman shouting out to the industry, “No! No! We’re not bankrupt – we’re alive and well! Over here . . . here we are! Really truly, here we are!” And the Curator/Liquidator wondering what planet these goons are from shouting out that “No! No! No! We saved the assets from the bankruptcy just in the nick of time!” when every other one of his cases the crooks will be trying to hide from him!
It’s a TOTAL crack-up and just shows you how much a bunch of fools these guys really are!
So here we have a prime example of how NOT to do a bankruptcy:
- Restructure your affairs in a secret way so that nobody except you and your professional advisors know where the loot is.
- Do this within one year of your own bankruptcy so that it is able to be clawed back easily too, if you really want to be stupid about it;
- Rip off the guy that very guy that is trying to help you restructure your affairs, after all he knows your entire sham so it’s not as if he’d do anything against you if you tried to screw him is he?;
- Rip off your creditors trying to fool them into deals that are not in their best interest;
- Throw in a truckload of Personal Guarantees too so that you can’t afford to go under at all, for that would be the absolute worst case scenario;
- Forget to shuffle your own personal assets into a trust for creditor protection – why not after all nothing is going to happen is it when you have a company structure hiding the real assets?
- If you do throw the ill-gotten gains into your wife’s name make sure that you do it while you are trading while insolvent so that it’s a crime;
- When you can see that the whole she-bang is going down, quickly shuffle a few things around at the last minute to prove that you’re dishonest operators and pretend that the primary assets are outside of the bankruptcy;
- Lie to the Liquidator and to the public even more to try to show that you didn’t really go bankrupt – only those stupid creditors got caught lending and supplying the wrong entity – the one that has nothing but debt and try to con them to accepting that they’ve all been conned!
- Oh and get a few of your mates who still believe in your con to go public bagging the blogger about how he’s got it all wrong so that the thing remains top on the Search Engines for frauds and cons in the Netherlands and whatever else Google might pick up!
OMG!! This is all soooooo funny!
One commenter overnight made the comment that Qoin has created value with their software. Spare me days! It’s an OLD Open Source solution modified a tiny bit around the edges and suddenly worth a million Euros on the books of Qoin. Golly I bet the Liquidator will love to get his hands on that lot!
Pity it’s only worth . . . nah it’s not even worth that a jar full of hot air.
Edgar Kampers and Rob van Hilten, I grossly overestimated you when you first started Qoin up in 2010 and believed your self-promotion like the rest of the industry, but the more I see of you the more I can empathise with the rest of the industry as they too find out who you guys really are – a massive source of derision and hilarity.
Thank you for speaking up and asking to be bashed like a mole in Whack-a-Mole. You have made the Curator’s job MUCH easier and brought a lot of merriment to those who have gotten over the disappointment of realising that yet another one of the industry’s “giants” is in fact all hot air!
The Qoin Series
- The Qoin Con – Exposing them all - Notification of pending book release [766 words]
- Using Modus Operandii to expose Qoin - a precis of the logic used to expose the con [4,144 words]
- Coordinating Qoin’s Creditors - help and advice for Qoin's affected Creditors [3,918 words]
- Qoin Questionnaire - Creditor Questionnaire
- IRTA’s Cover-Up of The Qoin Con - IRTA actively covered for the crooks, for years [2.257 words]
- Qoin on the Ropes - The conmen moving into panic mode as creditors start calling, and squeezing [2,710 words]
- Qoin Screwing Their Creditors - Incredibly callous actions of greedy conmen without a conscience exposed [2,558 words]
- Qoin Directors’ Criminal Actions - An analysis of trading while insolvent & fraud, plus the serious consequences [3,999 words]
- Qoin’s Cover Up Commences - The first of the companies closed down (owing €95k BTW!) [1,348 words]
- Qoin’s Veritable Maze of Confusion - Just some of the current companies, the cancelled companies and the phantom companies [2,142 words]
- Qoin Fraud Exploits Crowdfunding Loopholes - Geld voor Elkaar and particularly Symbid are highly exposed having supported the Qoin fraud [1,521 words]
- Qoin Exposes Stichting Doen’s Nepotism - Stitchting DOEN has funded, was warned and covered up. They are complicit [2,273 words]
- WARNING to Tradeqoin Members - Tradeqoin is simply a database of names but all who allow their names to be used help perpetuate the fraud [635 words]
- Qoin’s Conman Rob van Hilten’s Lies - Proven liar, liar, liar, liar, lair! [1,848 words]
- WARNING to Qoin Supporters/Endorsers - Conmen leverage relationships with "big names" to gain credibility - A warning to those who may have been conned [601 words]
- Bye Bye Qoin – Officially Bankrupt - A slap in the face for Qoin's two conmen, their active supporters to the end, IRTA's Executive, and other losers who backed the donkey of BS over a thoroughbred of facts. [2,277 words]
- Issues for Qoin’s Liquidator [Curator] - All liquidators of frauds must work through deception. Good ones will get there and find the money. [1,530 words]
- IRTA Source Emails Annette Riggs [7,220 words]
- IRTA Source Email – Ron Whitney [1,098 words]
- Correcting IRTA’s ad hominems - Reveals & proves an ugly personal agenda [ 3,153 words]
- Qoin’s Bankruptcy Unravelled - The details and explanation [2,613 words]
- Qoin as a Source of Ridicule - Nobody trusts them now [1,140 words]
- Qoin’s Bankruptcy – Liquidator Report - Here's the proof! [4,722 words]
- Qoin’s Trading While Insolvent - Damning White Collar crime proved - THE KILLER-POST! [1,639 words]
- Qoin Conmen’s Methodology - Explaining the confidence game [2,741 words]
- Qoin's Bankruptcy - Industry Significance - Significant! [2,016 words]
- Qoin Spins Down & Down - IRTA's spin on Qoin's bankruptcy [991 words]
- IRTA’s Defence Undermined by FACTS - Jacob Musschenga pings IRTA's spin [1,353 words]
- IRTA: Explaining is a Sign of Defeat - Damning commentary of IRTA's Defence [3,492 words]
- Qoin’s Crimes Listed - Summarising criminal actions of Qoin's Directors [1,176 words]