Quaestor Solutions demands new investors, returns held hostage
Quaestor Solutions is demanding its existing affiliates recruit new investors, failing which the company has threatened to stop paying.
In a very cult-like email, Quaestor Solutions CEO Svend Rasmussen has called on affiliates to demonstrate “their commitment to the Quaestor [sic]”.
Unfortunately, after reviewing, our lawyers have noticed that many people have bought a living by introducing passive people to the business, people who have no interest in the business.
If you have introduced 5 or more people who have not even used the products, the lawyers consider it to be a purchase of additional income. Both for your Affiliates and for you.
The Affiliates that you have introduced must actively participate in the business by either building a team and / or use our products.
What “products” Rasmussen (right) is talking about is unclear.
Quaestor Solutions’ business model sees affiliates invest in 2000 euro “master node” positions.
Each master node position receives a daily ROI in Quaestor Coin.
Quaestor Coin is a scamcoin created by Quaestor Solutions. It has no value outside of the company itself – and even then currently cannot be converted to real money.
On the MLM side of things Quaestor Solutions affiliates are paid to recruit new investors.
As per Rasmussen’s email, if Quaestor Solutions affiliates don’t recruit new investors the company
will stop paying the Master node rewards on your free coins for the amount of completely inactive signed Affiliates.
By “inactive” Rasmussen means affiliates who’ve stopped paying monthly fees.
What makes Rasmussen’s demands somewhat ironic is that he himself pitched Quaestor Solutions as requiring no recruitment.
What should be obvious to anyone is that without a constant injection of newly invested funds, Quaestor Solutions has no money to squirrel away.
What is the world coming to when MLM underbelly admins aren’t getting paid…
Quaestor Solutions has apparently invited a selected group of people to Quaestors “1st Global Quaestor Coin Event” to take place in Aarhus, Denmark at Radisson Blu Scandinavia Hotel.
Link: allevents.in/%C3%85rhus/1st-global-quaestor-coin-event-and-boxing-fight-night/20001543037658
I don’t know yet, if this is a major recruitment attempt or a pep talk session for affiliates, but I am curious to find out.
After checking out the photo of Quaestor-owner Svend Rasmussen I recognized his face. Let me just say this: I would never trust Quaestor or any business with Svend Rasmussen as the owner.
As mentioned in the comments section in the original Quaestor review on this site, this guy has a background as a notorious ponzi scheme leader, who deals with frauds, that lures investors and pays profits to himself and earlier investors with funds from more recent investors.
Danish newspaper Ekstra Bladet revealed him in the 90’s and described how he and a gang of Danish pyramid sharks committed robbery against the leader of a German ponzi scheme organization and stole his money, documents and membership lists and soon after started an exact copy of the German organizations pyramid scheme in Denmark.
Check out the newspaper archives, for instance Ekstra Bladet, October 24 1995. It was front page news.
Ekstra Bladet went undercover and described how Svend Rasmussen and his friends conducted an aggressive recruitment campaign targeting young people and lured them out of 15 million DKK with sleazy mind control techniques and cult-like practices.
Further research reveals Svend Rasmussen to have been a major player in the international pyramid scheme, World Games Inc. (WGI). WGI collapsed in 2004, with over 220.000 affiliates losing large sums of money.
As of lately Svend Rasmussen has also tried to enter the professional boxing scene and spent some of his profits on making Quaestor a long term event sponsor for Danish boxing promotor Peder Forsman, a friend of Svend, and a group of talented Danish fighters. But Danish media uncovered, that the promotor of “Quaestor Fight Night” had a shady past with convictions of financial fraud and forgery. And he had also raped 7 women, which he spent 7 years in jail for.
As a result of the revelations he had to give up his boxing license. (Source: Ekstra Bladet, March 13 2019.)
Peder Forsman was cheating the Danish boxing commission by hiding his past. He did so by changing his name from Peder Hougaard Knudsen to Peder Forsman after the prison term.
Interestingly Svend Rasmussen was known as Svend-Aage Rasmussen in the 90’s but now only calls himself Svend Rasmussen. Perhaps to hide his past and earlier scams too.
People should feel free to invest like they want. But based on BehindMLM’s comprehensive analysis this looks like yet another scam coin.
And based on Svend Rasmussens shady past with illegal ponzi schemes this man should never be trusted with investor’s money in the first place.
Quaestor Solutions CEO Svend Rasmussen is a total con and snake. I heard him speak to a group of investors regarding this fantasy of his to use the boxing promotion to inflate the value of his coin.
I just remember what a sleeve this guy was on the call and that anybody giving this guy money was pissing it away…..
What proof have you got that Svend Rasmussen is a con man and went under a different name in the 90s.
Back it up show some proof to help people who are apart of Quaestor.
Clearly you don’t know what you are talking about. Maybe you should inform yourself better before you mention things that aren’t true. For instance, there is no monthly fee.
Easy to call something a scam but make sure you know what you are talking about. Don’t rely on people who were trying to scam te company and didn’t succeed.
As far as I’m concerned, Quaestor does completely what they promiss. Best company I know.
Sure there is. Quaestor Solutions call it a “MasterNode” fee.
Having gone over Quaestor Solutions’ business model, pretty sure I know what I’m talking about.
If by let you steal the money of those who join after you, sure.
Whether you personally enrich yourself through fraud though was never what this article was about.
Regarding Quaestor Solutions CEO Svend Rasmussen.
Dave writes: “What proof have you got that Svend Rasmussen is a con man and went under a different name in the 90s.”
The links below are pics from newspaper stories. This is his name and how he looked in the 1990’s.
Believe me: It’s the same guy that was involved in huge scames back then and now calls himself “Svend Rasmussen”.
1) “Bossen bag hjernevasken” (The boss behind the brainwashing)
de.share-your-photo.com/f9cd1abe7f
2) Profile picture of the scammer and the “legendary gunman” Svend Aage Rasmussen:
de.share-your-photo.com/3faaae6e5b
This guy has tried hard to hide his past and exercise “the right to be forgotten” by requesting removal from search engines regarding a lot of his old scam cases.
I know this for a fact, because Google sometimes informs owners of sites, if they have decided to remove stuff from a search engine connected to a specific site, which happened to a friend of mine.
It would be fine with me, if Svend Rasmussen wanted to erase his past, because he wants to start a new life working with something different, where he doesn’t scam people. But that is not the case.
This guy is a serial fraudster and he is still doing pyramid schemes now in relation to the crypto coin market.
He is working from his home in Denmark, while “hiding” the company in Malta to make it more difficult for authorities to catch him.
In 2003 he was the team-leader of powergruppen.com, the biggest support group in Denmark for World Games Inc. (WGI), which was also an illegal pyramid scheme.
He was the right hand for the serial fraudster Frode Berg from Norway. There are plenty of old sites now stored in archive.org that confirms this.
I wonder how long his latest scam and this specific Quaestor coin (shitcoin) project will last.
I’m pretty sure new investors will be mad, when they find out, that he is wasting most of their money and laundering them through his passion: Professional boxing including his latest project called Q Pro Boxing. Making the “dirty money” appear legal.
Thank you so much for the post. I consider myself well-educated & someone has just tried to encourage me to invest in Questor.
I thought about this idea and I typed into Google Is Quaestor Solutions a pyramid scam? and I got your article 🙂
Big thanks. Guys, work for your money. Simple as that.
Glad you found our research useful!
QST now changed to stable coin, value $ 2,5 to $ 0,18. Shares worth nothing.
I am curious to the trees we own, probably a hurricane wil destroy them when we want our money out of that!
Crazy business! Scammed!