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May 14, 2023

Attention: Another Warning Against The EZ2GO Broker Scam Scheme!

In May 2021, German BaFin issued a Cease and Desist Order against EZ2GO Ltd, registered in the Commonwealth of Dominica (report here). It operated the broker scam CapitalFX. On 26 Sept 2022, BaFin announced investigations against the broker scams Europemarket.io and Economix.io. In Oct 2022, the Spanish CNMV also issued a warning. Last week, the Italian Consob warned against the scam. However, the broker is still active. Stay far away!

A Dutch Case: Money Laundering Charges Against Former Jumbo CEO Frits van Eerd!

Frits van Eerd, the former CEO of Dutch supermarket chain Jumbo, is facing serious legal troubles. He is being prosecuted for corruption, forgery, and potentially money laundering charges. The case stems from a 2022 investigation that led to raids on Van Eerd's properties, where authorities discovered €448,000 in cash stashed in various locations, including a refrigerator. Van Eerd stepped down as Jumbo's CEO in September 2022.

Yacht Analyst Report: The Infamous “History Supreme” Superyacht – A PR Hoax Unveiled!

The tale of the superyacht History Supreme is another lesson of how easily the public can be misled by flashy, outlandish claims, especially in the context of wealth and luxury. Allegedly owned by the Malaysian businessman Robert Kuok, the History Supreme is a cautionary example of the dangers of unchecked sensationalism and remains a prime candidate for the title of "the biggest PR hoax in boating history."

Impressive: Bezos’ $25M-A-Year Superyacht Maintenance Costs!

The $25M annual cost of maintaining Jeff Bezos' superyacht Koru underscores the extreme expenses tied to the world’s most luxurious vessels, even as sustainable technology becomes a factor. Koru is a 127-meter (417-foot) long sailing yacht, making it the largest sailing yacht in the world. It was built by Dutch shipyard Oceanco and delivered in 2023. It is estimated to have cost around $500 million to build.

CyberFinance: MicroStrategy’s Bold $14.6 Billion Bitcoin Bet: Visionary or Risky Gamble?

MicroStrategy’s Bitcoin-focused strategy may be a daring leap into the future of finance, but it’s also fraught with risks. With $14.6 billion in Bitcoin holdings, the company is now almost entirely dependent on the world’s largest cryptocurrency. Chairman Michael Saylor’s vision of Bitcoin as digital gold could reshape corporate investing, but will it pay off? Only time—and Bitcoin’s volatile market—will tell.

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Legal Farce or Political Strategy? The Contradiction of Sanctions Against Russian Oligarch Mikhail Fridman!

The EU’s contradictory stance on the Russian oligarch Mikhail Fridman reveals a troubling inconsistency between political actions and legal orders. Despite the annulment of his sanctions by the EU’s own courts, Fridman remains sanctioned, and his assets frozen. This is more than a legal anomaly—it is a reflection of the deeper politicization of the sanctions process. Fridman filed a $16B lawsuit against Luxemburg.