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★ Illegal Investments ★ Banking ★ 10% Interest!
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Nero Farway
Imperial Academy
Amarr Empire
#101 - 2015-09-08 10:08:20 UTC  |  Edited by: Nero Farway
Illegal Spokeswoman wrote:


Nero, I found what you put very interesting, I like the ideas you mentioned and particularly liked the share idea, though I'd want to make a separate corporation to decrease the chance of a "take over" so to speak :)




Thanks!
Yeah there could just be a dummy corporation that is used for share & dividend management. I am looking forward to the coming changes.
Darion Maken
Deep Core Mining Inc.
Caldari State
#102 - 2015-09-08 17:16:37 UTC
Illegal Spokeswoman wrote:
I would like to open up for discussion an idea I had today.


The idea was to potentially head into more of a Hedgefund route.

Everyone being paid out based on the % of ISK they have deposited against everyone else.

For example,

Barry has 1b invested

Jackson as 2b invested

At the end of the month Barry would receive 33% of the months profit and Jackson would receive 66%

Illegal Investments would take a cut before the profit is dished out but I was thinking about taking this direction with Illegal Investments instead. It feels to me more like we are in it together this way and not so much me just paying out isk.

Opinions?


I'm scratching my head on this one. You mention that profits would be divided at the end of the month with Illegal (ie: you) taking a cut. Later you say the investors should do better under this model. The flip side is you would then do worse. Why? Why are you heading down a path that puts more and more work on you and less and less reward for that work?

I have to say that this appears more and more like a ponzi where you are in the final stage of freezing the investors to get the last few suckers before it collapses. Combine with no trading results for the last couple of weeks - wow, I'd be concerned if invested.

Hope to be proven wrong.

Darion
Darion Maken
Deep Core Mining Inc.
Caldari State
#103 - 2015-09-08 17:40:48 UTC
You deleted the public EVE Mogul key in your lead post but forgot to delete a later post with it in it. Here for people's benefit:

http://www.eve-mogul.com/profile/2750

Shows a little over 2B in profits this month, 355m yesterday, 160m so far today. That is the inflow. For outflow, you are showing 150m in daily interest in your account page. So you are making payroll so to speak but not a lot more. Care to comment?

Darion
virm pasuul
Imperial Academy
Amarr Empire
#104 - 2015-09-09 12:29:39 UTC
I was hoping this one would go much further before it popped. I wanna see a proper tulip bubble story.
Illegal Spokeswoman
Doomheim
#105 - 2015-09-09 13:20:33 UTC  |  Edited by: Illegal Spokeswoman
Hello, Darion and virm

I'll start of by apologising for my late reply as I didn't check the forums last night and was away this morning.

The "Bank" hasn't popped. The eve mogul page was not removed to hide it from anyone, if I wanted to hide it I would have disabled public assess on eve mogul itself.
I'm sorry to disappoint you both, Illegal Investments is not as was never a scam attempt.

Yes the isk being made is covering the costs of interest, my plex and a little on top.
I see no issue here. Account holders will still get their interest regardless of Illegal Investments performance.
Illegal Investments is currently operating in surplus.

Isk is not Illegal Investments primary objective, isk is not what drives me to log on everyday. Isk is a by-product of my gameplay.

Hopefully this provides some clarity, if not feel free to post again and i'll do my best to answer your questions.


II

★ Illegal Investments ★ Banking ★
Darion Maken
Deep Core Mining Inc.
Caldari State
#106 - 2015-09-09 14:43:37 UTC
No worries, and actually no more questions. Just felt weird that you set up the bank, give out fairly high interest rates - 16% monthly. Then reduce that to 10% to be more sustainable. Then begin discussing changing the model to profit sharing with a fixed cut to yourself. Which, unless the fixed cut is gigantic means you went back to what is in essence a higher interest rate. Top that with poor investment gains and it had (and has) me wondering.

Hoping this all turns out well for you and your investors.

Darion
Dextrome Thorphan
#107 - 2015-09-09 14:50:33 UTC
Darion Maken wrote:
No worries, and actually no more questions. Just felt weird that you set up the bank, give out fairly high interest rates - 16% monthly. Then reduce that to 10% to be more sustainable. Then begin discussing changing the model to profit sharing with a fixed cut to yourself. Which, unless the fixed cut is gigantic means you went back to what is in essence a higher interest rate. Top that with poor investment gains and it had (and has) me wondering.

Hoping this all turns out well for you and your investors.

Darion


It doesn't really sound all that fishy imo...

Switching from a fixed intrest rate to a dividend system does not translate into a higher intrest rate. It will actually ensure that Illegal will never have to pay more intrest than profit that he made. Which sounds pretty reasonable to me.
Illegal Spokeswoman
Doomheim
#108 - 2015-09-09 15:27:31 UTC  |  Edited by: Illegal Spokeswoman
I wanted to open up the other idea for discussion to get some feedback and possibly help with some ideas or issues I hadn't considered.

Please don't think I'm making changes hastily, a lot of thought goes into each and every decision and direction Illegal Investments takes. I have RL friends which are always happy to discuss things as well as account holders who are always happy to give feedback when it concerns their isk.

As Dextrome mentioned, not having to worry about interest and just having a payout each month would keep things simpler and easier to run.
There are still things to be flushed out such as how the payouts would be handled, what to do with the bank if I wanted to start this other venture, etc etc.

I understand how a new system might be a little confusing as it could potentially mean more isk for the investors than the bank set-up but the ease and simplicity is something that attracts me to that.

As mentioned in a post above somewhere, I'm going to use September statistics to get a better idea of how the idea might work and make an informed decision.


II

★ Illegal Investments ★ Banking ★
Darion Maken
Deep Core Mining Inc.
Caldari State
#109 - 2015-09-09 15:30:36 UTC
Dextrome Thorphan wrote:


It doesn't really sound all that fishy imo...

Switching from a fixed intrest rate to a dividend system does not translate into a higher intrest rate. It will actually ensure that Illegal will never have to pay more intrest than profit that he made. Which sounds pretty reasonable to me.


Hmmm....Illegal was doing somewhere south of 1 billion a day in trading profits back in July and August. That's with his money. He's since opened a bank. Gathered almost 50 billion in uncollaterlized deposits. Pays out 150m in interest a day and had his daily profits drop to around 200m a day. Now he's looking at changing the model to profit sharing. Shouldn't he be focused on doing something with that extra 50 billion? That sort of money should have easily pushed him into 2 billion a day in trading profits.

None of that sounds fishy?

On a side note, I'll be posting soon for a 50 billion ISK loan. Coincidentally, I'll offer a 10% interest rate with no collateral on my part. As an additional benefit I'll add a 5 billion ISK profit sharing payout if I make my trading goal for October. Any similarities to all the posts above would stop at the point that the 50 billion would actually result in increasing my daily trading profits. Perhaps Illegal Investments could be one of the investors?

Darion
Nero Farway
Imperial Academy
Amarr Empire
#110 - 2015-09-09 15:40:57 UTC
I just withdrew 3b. The withdrawal got processed quickly (within a few minutes).
Darion Maken
Deep Core Mining Inc.
Caldari State
#111 - 2015-09-09 15:54:23 UTC
Darion Maken wrote:


Hmmm....Illegal was doing somewhere south of 1 billion a day in trading profits back in July and August. That's with his money. He's since opened a bank. Gathered almost 50 billion in uncollaterlized deposits. Pays out 150m in interest a day and had his daily profits drop to around 200m a day. Now he's looking at changing the model to profit sharing. Shouldn't he be focused on doing something with that extra 50 billion? That sort of money should have easily pushed him into 2 billion a day in trading profits.

None of that sounds fishy?

On a side note, I'll be posting soon for a 50 billion ISK loan. Coincidentally, I'll offer a 10% interest rate with no collateral on my part. As an additional benefit I'll add a 5 billion ISK profit sharing payout if I make my trading goal for October. Any similarities to all the posts above would stop at the point that the 50 billion would actually result in increasing my daily trading profits. Perhaps Illegal Investments could be one of the investors?

Darion


Re-read and realized I'm getting snarky. Sorry about that. I'm going to let this rest and watch from the sidelines. On a more positive note, I may actually post for a loan. While I wrote the above in jest, on some thought, it appears there is money out there actively looking for a return. Perhaps I can provide a month or two return for those folks.

Illegal - best of luck on this bank model. I only see this working with an altruistic person who is willing to pay for the idea out of his profits. I hope you are that person.

Darion
Dextrome Thorphan
#112 - 2015-09-09 16:28:58 UTC  |  Edited by: Dextrome Thorphan
Don't get me wrong Darion, I didn't say I completely trust it either :)

Just saying I'm still giving Illegal the benefit of the doubt...
I've just got a tiny bit of isk invested, we'll see how it turns out.
illumed
Victory or Whatever
Nourv Gate Security Commission
#113 - 2015-09-09 16:31:21 UTC
Interested in 1-2 month return with 3rd party :D
Illegal Spokeswoman
Doomheim
#114 - 2015-09-12 17:54:05 UTC
Illegal Investments, back on top!

★ Illegal Investments ★ Banking ★
Illegal Spokeswoman
Doomheim
#115 - 2015-09-15 10:54:35 UTC  |  Edited by: Illegal Spokeswoman
Hello again, just a quick little update.

The my eve-mogul was having issues related to the eveonline login, yesterday had all of the account data migrated onto a new account.

The public profile box is ticked but if the link no longer works I'll make a new one.


II

★ Illegal Investments ★ Banking ★
goodlady Smith
TheCrazy88s
#116 - 2015-09-16 10:53:08 UTC
I have been watching as was keen to get in on the action if this stood for a while but your API seems to no longer function, will you enable again?

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles
Illegal Spokeswoman
Doomheim
#117 - 2015-09-16 11:04:58 UTC  |  Edited by: Illegal Spokeswoman
Yes, I was having some issues with eve mogul and a long story short I remade my API even though it didn't fix anything haha.

Here's the new one.

KeyID : 4681071
vCode : xClpX2UspnUHcZa8kDrmjQYfgcXfC9gOQuutaJJGQRE1JpGbMRSLThEddDxRSso1

Has access to the corporation Wallet Journal and Balance.


II

★ Illegal Investments ★ Banking ★
Stella Lass
MWC922
#118 - 2015-09-16 15:12:53 UTC
1 bill deposited
Illegal Spokeswoman
Doomheim
#119 - 2015-09-16 15:14:27 UTC  |  Edited by: Illegal Spokeswoman
Account created and link sent.

II

★ Illegal Investments ★ Banking ★
goodlady Smith
TheCrazy88s
#120 - 2015-09-16 19:32:48 UTC
Illegal Spokeswoman wrote:
Yes, I was having some issues with eve mogul and a long story short I remade my API even though it didn't fix anything haha.

Here's the new one.

KeyID : 4681071
vCode : xClpX2UspnUHcZa8kDrmjQYfgcXfC9gOQuutaJJGQRE1JpGbMRSLThEddDxRSso1

Has access to the corporation Wallet Journal and Balance.


II


Working again thanks

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles