Quaestor Solutions tries to pair shitcoin with boxing, awkwardly fails
In an attempt to create usability for Quaestor coins, back in February Quaestor Solutions owner Svend Rasmussen came up with “Quaestor Fight Night”.
Earlier this month Rasmussen’s plans came crashing down, following public revelation his partner is a convicted serial rapist and fraudster.
Awk-ward!
In a February 22nd Facebook post announcing “cooperation with new Danish boxing promoter Peder Forsman”, Rasmussen (right) explained;
As many of you probably have had a little with, I have made my own crypto currency, called QST (Quaestor), and for a crypto currency to have its justification, there must be a usability.
We do this with our first major product, Boxing streaming to the whole world, where you can see cheaper streaming of our boxing matches by paying with our own currency.
We have entered into the partnership with Peder, who for many years has been very active in boxing for the simple reason that we are convinced that can with us can bring the name Quaestor out into the world.
For the first Quaestor Fight Night event, which runs off on Saturday, Peder has entered into an agreement with Ekstra Bladet about streaming, so that YOU can actually watch with at home from your living room from 20.30, when the 5 professional matches start.
Supposedly Rasmussen is fond of professional boxing and, according to a source, has been “spending money on sponsorships of boxers and boxing events”.
There are two main promoters operating in Denmark at the moment: Sauerland Event and Danish Fight Night.
Svend Rasmussen however wants to build up something new and aligned himself with his friend and boxing manager Peder Forsman, who was supposed to be the formal promotor of the project.
They quickly signed the currently most famous boxer of Denmark, Patrick Nielsen (although he is on the decline) and also signed less known fighters like Abdul Khattab, Mikkel Nielsen, Oliver Møllenberg, Mahdi Jallaw and Alicia Holzken.
Quaestor is both the event sponsor and have sponsorship deals with all of the fighters mentioned above.
On February 23rd Rasmussen held his first Quaestor Fight Night event.
According to our source
it was pure trash, because the main event fighter wouldn’t be ready until their second event on May 25.
It was streamed through a newspaper website, so it wasn’t really a PPV-product you could buy through Quaestor anyway – only through the newspaper website.
Following the first Quaestor Fight Night event, Danish newspaper Ekstra Bladet took a closer look into Peder Forsman’s past.
They uncovered Forsman was a convicted rapist.
According to Ekstra Bladet, Forsman was convicted of raping seven women in 2005. In addition to rape, Forsman was also convicted on three counts of fraud.
Subsequently Forsman was sentenced to seven years in prison.
Well OK Oz, this all happened years ago. What has Forsman’s rapey past got to do with Quaestor Fight Night fourteen years later?
Turns out Forsman didn’t disclose any of his past in his boxing manager’s license application a few years ago. He again failed to disclose his past when he applied and received a promoting license a few months ago.
According to rules laid out by the Danish Professional Boxing Federation, manager and promotional licensees can’t have a criminal past.
Subsequently Forsman’s boxing licenses were revoked, prompting him to pull the plug on Forsman Sports Management last Saturday night.
At the time of publication Svend Rassmussen hasn’t addressed the Forsman developments publicly.
The Quaestor Fight Night Facebook page hasn’t been updated since March 2nd.
For now at least, plans to launder Quaestor Solutions funds through boxing appear to be on hold.
Gotta love the MLM cryptocurrency space though;
Hey guys, we’ve launched our altcoin and people are investing… anyone got any ideas for usability?
Regarding Quaestor Solutions / Quaestor Coin: A few blasts from the past regarding owner Svend Rasmussen (formerly known as Svend-Aage Rasmussen) and his pyramid-scheme gangster past. As described in Danish newspapers and mentioned briefly in another thread.
These are just a few from the early part of his career as a fraudster, when he was the leader of the pyramid game “Wave” (mid 1990’s).
“Bossen bag hjernevasken” (The boss behind the brainwashing)
de.share-your-photo.com/f9cd1abe7f
“Wave-bosser lægger røgslør ud” (Wave bosses hiding behind smoke screen)
de.share-your-photo.com/f74f6fdcbc
“Wave-bosser flygtet til Tyskland” (Wave bosses have fled to Germany)
de.share-your-photo.com/56525d1174
Profile picture of the scammer and the “legendary gunman” Svend:
de.share-your-photo.com/3faaae6e5b
There is much more in the archives.
Well Quaestor fight night takes place every 2-3 months as can be seen on their Facebook page. The first event was a great success.
It’s a convenient way to launder invested Quaestor Solutions funds.
I’m sure it will continue until authorities shut it down or there’s nothing left to launder.
Ola, how can you say the first boxing event was a great success? I understand Danish and I have watched and read about these events.
After Peder Forsman had his promotional boxing license revoked because of the old rape convictions, Svend Rasmussen teamed up with another boxing promotor named Thomas Mollenberg.
They had their first boxing event in Aabenraa in July near my hometown. They rented a huge festival tent but a week before the event, they had only sold about 40 tickets according to Ticketmaster.
A few days before the event they suddenly sent out a press release claiming that a local company, owned by an old school class mate of Svend, had bought all 2.300 tickets and would hand them out for free by the entrance.
This was probably a stunt to avoid embarrassment with a completely empty arena, which would have looked silly. Even though it was free I estimate that only 500–600 people showed up.
It was better than Forsmans February-show and spectators had fun, after all it was a free show, but the live pay-per-view-streaming signal (they produce these events on their own PPV-streaming website) didn’t work for many people, and Svend in my eyes basically just wasted a lot of money. Financially this show was definately a disaster.
This weekend they had a second show in Gilleleje. This time they rented a smaller venue, 1.000 seats, and they actually managed to almost fill it out. I don’t know if they handed out tickets for free again, but the show was done together with an amateur club, who normally fills out this venue once a year.
There were actually a few good fights Saturday night and a cheerful audience. But yet again the live streaming was down for 20 minutes, and even worse the lights went out in the arena forcing a long timeout in the middle of a fight.
I cannot see how they can make money doing these events without a television or steaming deal with a larger Danish broadcaster. This is a really expensive setup.
They have probably spent hundreds of thousands of euros on this setup, which is not cheap, and Svend has bought the most expensive Danish fighter Patrick Nielsen too.
He keeps on signing fighters. According to a Danish boxing site Svend Rasmussen has also invested money in three Danish boxing gyms and a boxing gym in Netherlands.
Q Pro Boxing is owned by Quaestor Solutions, and after reading all these posts about him, I feel convinced, that the money comes from the Quaestor coin pyramid scam and the funds are being laundered into boxing gyms, streaming platforms and fighters.
There is no way that this boxing adventure will turn into a profit anytime soon, or that the money will come back to Quaestor investors.
Perhaps Svend is simply hoping that the investments can secure him a lucrative television contract, before the Quaestor money runs out.
But that now seems to be an uphill battle against time. He was supposed to have his next show in Herlev on November 1st. But yesterday Q Pro Boxing sent out this press release:
qproboxing.com/herlev-quaestor-fight-night-cancelled/
The show is cancelled. Svend Rasmussen is basically complaining, that it has been almost impossible to find sponsors in the city of Herlev to support his boxing event.
“It costs a lot to make Quaestor Fight Night, and it’s only natural that we need help for the local enterprise and business community where ever we are hosting an event,” says promoter Svend Rasmussen.
Perhaps the local companies have just done their research and googled Svend Rasmussen and read about his many scams. Also I don’t see how a television station or a respected potential media partner would dare make a deal with him and associate themselves with this con man.
But if his boxing dream collapses, I’m pretty sure he will move on to another crypto pyramid altcoin scam after Quaestor. Because that is what he is best at. Scamming people and stealing their money.