Elysium Network Review: Elysium Capital securities fraud
Elysium Network operates in the “money management” MLM niche.
The company provides three corporate addresses, in Hong Kong, Estonia and Sweden.
Heading up Elysium Network is founder, CEO and Chief Legal Officer Fred Pascal Stege.
As per Stege’s Elysium Network’s corporate bio;
Fred is an experienced C-level executive with a law enforcement background.
An entrepreneur and tech investor with a demonstrated history of working in management consulting roles in the affiliate marketing industry, he has a proven track record of success in Operations, Finance, Financial Markets, Trading, Marketing, Management and Sales in multi-billion US$ ventures.
According to Stege’s Facebook profile, he’s based out of Malmo, Sweden. Thus it appears Elysium Network exists in Hong Kong and Estonia in name only.
The earliest record of Stege’s involvement in the MLM industry I was able to find dates back to 2005. Stege was a co-owner of Vemma’s European, African and Israeli markets.
In 2010 Stege left Vemma. A year later he founded Origin Pure, a nutrition based MLM company.
BehindMLM came across Stege in our April 2014 review of Origin Unite.
On the executive side of things, Fred P. Stege appears to have been primarily involved in MLM lead generation and marketing.
By 2016 Origin Pure and Origin Unite had collapsed, prompting Stege to sign on as General Manager for Northern Europe at Jeunesse.
According to Stege’s LinkedIn profile, he held the position until May 2019.
Elysium Network was founded a few months ago (website domain reg last updated March 2020). Other components of the company appear to have been put in place starting mid to late last year.
Read on for a full review of Elysium Network’s MLM opportunity.
Elysium Network’s Products
Elysium Network offers an investment scheme through the Elysium Capital Pinnacle Portfolio.
This world-class-performing portfolio is the genesis strategy and birthright of Elysium Capital with a continued objective and strategy which, for a decade, has achieved high performance with a proven solid risk-to-reward ratio.
Elysium Network claims to generate return revenue via
currency trading, manual & via EA. Complex mathematical and statistical modelling. High Frequency Trading (HFT).
Investments of €500 EUR or more are solicited. No specific information on returns is provided.
Elysium Network’s Compensation Plan
Elysium Network’s compensation plan primarily revolves around paying affiliate fees, and then getting paid to recruit others who do the same.
Investment commissions are paid only on generated returns, through a unilevel compensation structure.
Elysium Capital Affiliate Ranks
There are thirteen affiliate ranks within Elysium Capital’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- IB – sign up as an Elysium Capital affiliate
- 1-Star IB – refer one client and recruit three affiliates
- 2-Star IB – refer two clients and recruit six affiliates
- 3-Star IB – refer three clients and recruit nine affiliates
- 4-Star IB – refer six clients and recruit twelve affiliates
- 5-Star IB – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher), and be earning 25+ binary cycles each month
- 6-Star IB – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher), and be earning 50+ binary cycles each month
- 7-Star IB – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher), and be earning 100+ binary cycles each month
- 8-Star IB – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher, two recruitment legs must have a 5-Star IB in them), and be earning 200+ binary cycles each month
- 9-Star IB – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher, four recruitment legs must have a 5-Star IB in them), and be earning 400+ binary cycles each month
- Diamond IB Presidents Team – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher, six recruitment legs must have a 5-Star IB in them), and be earning 800+ binary cycles each month
- Diamond IB Chairmans Team – maintain six referred clients and twelve recruited affiliates (six must be 1-Star IB or higher, eight recruitment legs must have a 5-Star IB in them), and be earning 1200+ binary cycles each month
Note that clients refer to customers who have invested. These can either be retail clients or recruited affiliates.
For more information on binary cycles refer to “Residual Recruitment Commissions (binary)” below.
Direct Recruitment Commissions
Elysium Capital affiliates are paid to recruit new affiliates.
- earn €25 EUR on the recruitment of a €179.90 EUR affiliate
- earn €100 EUR on the recruitment of a €548.95 EUR affiliate
Residual Recruitment Commissions (unilevel)
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Elysium Network caps payable recruitment commissions at seven unilevel team levels.
A €25 EUR residual recruitment commission is paid on the recruitment of €548.95 EUR affiliates.
- IB ranked affiliates earn residual recruitment commissions on two unilevel team levels
- 1 Star IB ranked affiliates earn residual recruitment commissions on three unilevel team levels
- 2 Star IB ranked affiliates earn residual recruitment commissions on four unilevel team levels
- 3 Star IB ranked affiliates earn residual recruitment commissions on five unilevel team levels
- 4 Star IB ranked affiliates earn residual recruitment commissions on six unilevel team levels
- 5 Star IB and higher ranked affiliates earn residual recruitment commissions on seven unilevel team levels
Residual Recruitment Commissions (binary)
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Sales volume is generated across the binary team as affiliates are recruited into it, and when they pay their monthly affiliate fee.
200 GV matched on both sides of the binary team generates a €20 EUR cycle commission.
Elysium Network caps cycle commission earnings based on rank:
- IBs can earn 3 cycles a week
- 1-Star IBs can earn 5 cycles a week
- 2-Star IBs can earn 10 cycles a week
- 3-Star IBs can earn 15 cycles a week
- 4-Star IBs can earn 25 cycles a week
- 5-Star IBs can earn 50 cycles a week
- 6-Star IBs can earn 75 cycles a week
- 7-Star IBs can earn 100 cycles a week
- 8-Star IBs can earn 150 cycles a week
- 9-Star IBs can earn 250 cycles a week
- Diamond IB Presidents Team can earn 500 cycles a week
- Diamond IB Chairmans Team can earn 750 cycles a week
Matching Bonus
Elysium Network pays a Matching Bonus on residual recruitment binary commissions (see above).
The Matching Bonus itself is paid out on nine unilevel team levels:
- 1-Star IBs earn a 20% match on level 1 (personally recruited affiliates)
- 2-Star IBs earn a 20% match on level 1 and 15% on level 2
- 3-Star IBs earn a 20% match on level 1, 15% on level 2 and 5% on level 3
- 4-Star IBs earn a 20% match on level 1, 15% on level 2 and 5% on levels 3 and 4
- 5-Star IBs earn a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 5
- 6-Star IBs earn a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 6
- 7-Star IBs earn a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 7
- 8-Star IBs earn a 20% match on level 1, 15% on level 2, 5% on levels 3 to 7 and 2.5% on level 8
- 9-Star IBs and higher earn a 20% match on level 1, 15% on level 2, 5% on levels 3 to 7 and 2.5% on levels 8 and 9match
ROI Match
Elysium Network pays a match on ROI payments via the same seven-level deep unilevel team residual recruitment commissions are paid on (see above).
ROI match payments are paid as a percentage of returns paid to unilevel team affiliates and retail investors as follows:
- 16% on level 1 (personally referred retail customers and recruited affiliates)
- 1% on level 2
- 0.5% on levels 3 to 7
Note that from level 2 the ROI match is only paid on recruited affiliates within the unilevel team.
5 Star and PFC Quarterly Bonus Pool
Elysium takes 2.5% of company-wide calculated returns and places it into the 5 Star + PFC Quarterly Bonus Pool.
5-Star IB and higher ranked affiliates receive an equal share in the pool, paid quarterly.
Diamond Bonus Pool
Elysium Network takes 3% of company-wide sales volume and places it into the Diamond Bonus Pool.
Diamond IB President and Chairman ranked affiliates can qualify for shares in the Diamond Bonus Pool as follows:
- one share per month an affiliate ranks at Diamond IB Presidents Team
- two shares per month an affiliate ranks at Diamond IB Chairmans Team
Shares reset every quarter upon payment of the Diamond Bonus Pool.
Joining Elysium Network
Elysium Network affiliate membership is €548.95 EUR and then €79.95 EUR a month
There is a cheaper affiliate option for €179.90 EUR but I’ve mostly ignored that as it’s not part of the MLM opportunity.
Conclusion
The two primary concerns regarding Elysium Network are securities fraud and pyramid recruitment.
Elysium Capital states it generates ROI revenue via
authorised prime brokers and liquidity providers registered with the Swedish Financial Supervisory Authority (FSA) in full transparency and with segregated accounts in highly reputable European banks: Swedbank, Nordea Bank, SEB and Barclays.
That’s great for the brokers, but Elysium Network is the one offering the passive investment opportunity.
Elysium Capital therefore needs to be registered with securities regulators, and as far as I can tell they aren’t. Not in Sweden, or anywhere else in the world.
Why would an MLM company opt to operate illegally? Well usually it’s because they aren’t doing what they say they are.
Without legally required audited third-party accounting filings, it’s impossible to confirm Elysium Network is indeed paying returns with external revenue.
This is a regulatory failing on Elysium Network’s part, and charts like the one below are not a substitute:
With respect to pyramid recruitment, the only retail side of the business appears to be a mysterious €500 EUR minimum passive investment opportunity.
Affiliates are given access to backoffice software, which is what the MLM opportunity primarily focuses on.
Elysium Capital fails to go into detail regarding standalone investment, emphasizing its irrelevancy within the MLM opportunity.
What you’re left with is paying affiliate membership fees and getting paid to recruit others who do the same.
Elysium Network pseudo-compliance split membership fees into “admin fees” and “software licenses”, but at the end of the day this is how you sign up as an affiliate.
Paying commissions on affiliate membership fees constitutes recruitment commissions, and any MLM company in which this is the primary source of commissions paid out is operating as a pyramid scheme.
Also if Elysium Network’s trading software is all that it’s cracked up to be, why is it only available to affiliates?
And why is there literally zero detailed information provided about Elysium Network’s trading bots? This is another regulatory compliance fail.
The last thing I want to touch on is Elysium Network’s corporate structure.
There’s Elysium Network, Elysium Capital and Elysium Social. Why?
There’s literally nothing about Elysium Network that couldn’t be condensed into one simple website.
Elysium Capital’s website is useless. You can’t actually do anything on it except read vague investment promises and the team’s corporate bios.
No idea if Elysium Social has its own website. I did note there’s an Elysium Social operating out of Maryland in the US, so there’s a potential trademark dispute in the works there.
If you’re still hell-bent on joining Elysium Network I suppose you could ask your potential upline what their own ROI earnings have been and how much they’re making through the ROI match.
Level 1 pays out an 16% match so if there’s nothing there you can put two and two together.
At a minimum Elysium Network needs to address securities regulatory concerns.
Fleshing out an actual retail investment opportunity can come next, but there’s no point while what you’re offering is illegal anyway.
Update 14th August 2020 – As at the time of this update Elysium Capital has failed to address securities fraud concerns.
The company has however named the broker it will be committing securities fraud through.
Update 8th September 2020 – I was sent in a copy of Elysium Network’s current compensation pan.
Based on that I’ve updated the compensation section of this review with a few percentage changes, rank qualification criteria and the 5-Star pool bonus.
I’m also noting this “disclaimer” from the compensation plan:
Elsyium Capital Limited does not accept clients from the U.S.
This in and of itself is a red flag but also ties into Elysium Capital’s securities fraud and pyramid recruitment red flags.
Update 22nd July 2021 – BehindMLM revisited Elysium Network for an updated review in July 2021.
The Malmö connection is interesting. There is no sign of anyone by that name being resident in Malmö or indeed in Sweden. There are only 6 people in Sweden with last name Stege.
Looking at his FB profile, he does have some friends in the Malmö area. One that sticks out is Daniel John, COO of Elysium Capital Ltd, also listed as from Malmö in FB. He does not seem to have a real presence in Malmö either.
There is no sign of Elysium Network or Elysium Capital being registered as a Swedish company. The only address I found is to the Malmö landmark Turning Torso. Mostly residential, I doubt this is more than a letterbox or false front.
If Stege is lying about living in Sweden on his FB profile, I believe he was previously living in Belgium.
That’d mean Elysium Capital doesn’t physically exist at any of its provided corporate addresses then.
On Facebook, he gives his “Current city” as Malmö, but his “Home Town” as Palma de Mallorca, Spain.
He also claims that his job as founder of Elysium Capital Ltd. only started in August 2019.
However, on LinkedIn, his location is the strangely vague “Antwerp Area, Belgium”. There, he also claims that his job as “principal” of something called “ELYSIVM | MUTUAL Stege – Beaufort office” started in 2010.
From other stuff, the “Stege – Beaufort office” bit is what he refers to as his “family office” (and spelling “Elysivm” with a V is just a ridiculous affectation).
The claim that Elysium has actually been around since 2010 fits with the graph for the Elysium Pinnacle Portfolio. So why does his FB profile say 2019?
His education is also oddly different between the Facebook and LinkedIn versions.
On Facebook, he claims to have been a student of the “Royal Netherlands Police Academy”. This fits with his other claims to have been a police officer.
In particular, the story that he got into MLM after having been involved in an investigation of someone who was making huge amnounts of money, which his bank thought was suspicious and reported to the police.
The police discovered he was making it legally through MLM. Afterwards Stege of course quit his police job, and asked the man he’d investigated to teach him how to become rich through MLM as well.
That’s what police officers always do, when in the course of their duties they encounter someone who makes more money than they do.
The name of that academy he attended in Dutch would be “Koninklijke Nederlandse Politieacademie”. No such institution exists (allowing of course for the “Netherlands” bit possibly being a clarifying addition for the benefit of foreigners).
The Dutch police academy is simply called “Politieacademie”, without an added “Koninklijke” honorific.
For the sake of completeness: there is only one Dutch law enforcement agency which has that predicate, the Koninklijke Marechaussee. But while doing a lot of policey stuff, they’re a branch of the military, are therefore never referred to as “police”, and they don’t have anything called “academy” of their own.
Their officers train at both the police and defence academies, neither of which have “Koninklijk” in their name, and also at a school of their own, which isn’t called “Academie” but “Centrum”.
So, either he’s made it up entirely, or he’s aggrandizing what was nothing more than job training.
On LinkedIn, the supposed Dutch police academy goes unmentioned. Instead, he has an additional degree: a Bachelor’s in law from the university of Leiden.
It seems odd to completely forget about a law degree from a prestigious university, in a Facebook profile in which you do bother to include the unremarkable secondary school you went to.
One last fun fact: he uses the same profile picture on Facebook and LinkedIn which he already used in 2011, as can be seen here:
businessforhome.org/2012/03/origin-pure-review-2012/
Continuing to look into the Malmö connection, Stege actually shares photos of the Turning Torso office on several occasions since December 2019, and uses the characteristic image of the building in presentations.
Turning Torso is the major landmark of Malmö, a twisted 54fl tower in a seaside location overlooking Copenhagen and the bridge to Denmark.
There is actually an “office hotel” on the 9th floor. You can rent small furnished offices with shared facilities. This is where Stege’s pictures seem to come from.
Most are generic, but there is actually a picture from Feb 7 which shows a corner office with a big TV with Elysium logo, and an outside signboard with companies including Elysium.
In general, to rent an office like that on any longer term, you would need to have a registered company with a company ID#. There is one Elysium AB in Malmö, but that’s an existing ad agency.
So in short, there are indications that Stege is actually hanging out in Malmö and Turning Torso, but in that case he is not leaving a lot of traces, personally or the company. You can suspect he is using someone as a go-between.
And it’s a laugh he is referring to Swedbank as highly reputable. They have been heavily fined for money laundering.
Remember that Stege has been using the same portrait photo of himself for a decade, so he’s not exactly above lying with pictures.
A TV screen and a spot on a signboard are usually just about the easiest things to photoshop your own logo onto.
They’re perfectly flat, perfectly rectangular, with sharp edges, and it’s very easy to match perspectival distortion when pasting in a rectangular picture of your own.
They’re also normally positioned so there’s nothing obstructing the view, so nothing in the way of pesky surrounding bits and pieces in front of it to reproduce.
Plus, they’re normally put in good light (for a screen, internal lighting), so no annoying, difficult to match shadows, always the bane of the image manipulator.
It’s also one of those typical things scammers show to pretend that an office is really theirs, not just something rented for a few hours (or perhaps someone else’s).
Why would a real company feel the need to have its own logo permanently showing on a screen inside its own offices? Logos are meant to be seen by outsiders, not your own staff.
This kind of pasting-in is of course also how stock photographs of the type “man/woman with a screen behind them giving a presentation to a large, rapt audience” are adapted – such photographs are deliberately set up to make that easy.
If you take some care, and at the low resolution of most pictures on social media, it can be undetectable. But it cannot hurt trying one of the online “photo forensics” tools on the pictures.
Pasting bits of JPGs into other JPGs with different compression rates often leaves tell-tale artefacts, and amateurs almost always use JPGs.
If you’re dealing with total amateurs, they may even have been stupid enough to leave the metadata tags on the underlying picture intact, which often include the location.
“ELYSIVM”
What prentiovs crap.
Their hk address is fake. I was there to check it out.
What makes it not just pretentious but somewhat distasteful is that he chose this ridiculous “ivm” misspelling less than a year after a creepy cult with the same affectation had made the headlines, when its leaders were arrested.
It was called Nexium, but they wrote that as “NXIVM”.
They’re the nice people who ran a “secret sisterhood” whose members, referred to as “slaves”, were branded with the initials of the cult leader.
I certainly immediately had to think of that when I saw another MLM using the same misspelling.
Another MLM, because that is what the cult actually was.
The leader, Keith Raniere, had started out running two more conventional MLM/pyramid schemes, Consumers’ Buyline Inc. (pretend product: discounts through group purchases), and National Health Network (vitamins).
The first one ran into trouble for being an obvious pyramid scam and was banned, the second one apparently failed before that could happen.
With his third business venture, the cult, he not unexpectedly also went for the MLM model, this time with business skills/self-improvement courses as the pretend product.
The leaders have been convicted and are in jail, but there is an ongoing civil lawsuit (filed January 2020), which specifically claims that “the company actually acted as a multilevel marketing pyramid scheme with a secret society”, and “functioned as both a Ponzi scheme and a coercive community”.
The corporate address in Estonia has been removed from their websites.
May have something to do with this investor alert from the Estonian Finantsinspektsioon: fi.ee/en/alerts/elysium-capital-ou-elysiumcapitalio
Thanks for that. Was just about to knock off for the evening though, doh!
Elysium’s HK address is fake. I was there a few months ago.
How exactly do you mean “fake”? I don’t suppose they have an actual physical office there, but might they have a letterbox at that address?
hkcorporationsearch.com/companies/2865940/ shows that a company with that name is registered in Hong Kong.
Why is that so many people wright things here if they dont know the facts.
i have personaly meet fred in his office in sweden malmö, so it exists, and in his presentations he clearly says that they are no security so how can you say its a security freud??
And everybody is welcome to visit him in person and get the real facts instead of writing bullshit here.
So Fred has an office in Sweden. Doesn’t change the fact that Elysium Network is committing securities fraud through Elysium Capital.
Because what Fred says in his presentations doesn’t matter. I’ve laid out exactly why Elysium Capital is a securities offering in this review, it is what it is.
You ignoring the facts doesn’t make them bullshit. It makes you a scam apologist.
But, but, but…
How can it be securities fraud if the fraudster clearly states it’s not a security?
Wait, I think I just answered my own question.
Well he has an office you see. It’s in Sweden.
Did he regale you with the story how he sold his payment processing firm to Deutsche Bank at the end of 2010 which gave him enough money to retire a 2nd time?
That then enabled him to go into wealth preservation; he started a family office, within that he set up a mutual fund which, once the 50th accredited investor joined (anyone ever heard of that rule or law?), he had to mould into a hedge fund.
Which is of course how he met all these CIO’s, quants, hedge fund managers and other experts.
Though Elysium is “not a hedge fund”, and they also don’t give you access to a hedge fund (because retail clients can’t access hedge funds), but their software will enable you to “bypass the hedge fund” linking you to a “professional trading desk”. (Though they are not a hedge fund, which they probably should tell some of their IB’s, who keep claiming just that)
Did he show you audited reports of the alleged Pinnacle Fund?
Did he show you corporate details of whatever firm might be trading the amazingly profitable Aurum Digital fund?
Did he explain to you why they don’t need a securities regulation, even though comparable service providers like duplitrade.com or zulutrade.com do?
Or why avatrade.com goes to such great lengths to mention all regions where they are compliant?
Does nobody at those firms understand that they can just use the magic word “LPOA” and everything is nice and legal?
The English FCA regards auto-copying as portfolio or investment management, in line with MiFID. (fca.org.uk/firms/copy-trading)
In other words, Elysium as a software provider needs a securities regulation as they offer auto-copying.
The brokers, liquidity providers and alleged professional funds probably all have one; just a shame that they themselves don’t.
Mind you, we’re all misunderstanding them and they keep having these unfortunate software niggles. Just you wait until they open and then we’ll all see.
If his current story is that he’s been independently wealthy since 2010, and has really only been engaged in managing his fortune, he hasn’t even bothered to make the information he provides on his own LinkedIn and Facebook profiles match it (let alone facts easily documented from other sources).
From 2010 to 2019, he first tries setting up his own MLM, Origin Pure. After that has failed, from January 2016 to May 2019, he works for Jeunesse Global, as far as one can tell as an employee, he’s not just an affiliate.
Why the hell does he do that, when since 2010 he only needs to manage his huge personal fortune?
This supposed payment processing company he sold to Deutsche Bank in 2010 is also curiously lacking in his own profiles. It must certainly have become very big very quickly, because in 2007 he’s still forced to apply for bankruptcies for the two small companies he owned in Belgium (which are also not to be found in his own current profiles, but for whose existence we do have actual proof).
If by then he’d already been making lots of money through a new venture, it would have been perfectly normal to shut them down if he no longer needed them – but he applied for bankruptcy, instead of going through a normal liquidation procedure.
So between 2007 and 2010 he’s built up this new financial services company, which a major bank is willing to pay so much money for he can retire on it. Yet according to his own bio, between 2005 and 2010 he’s also working as “CFO – CEO Vemma Europe Ltd.”
Even if he replaced those profiles with ones matching his newly made-up stories about what he did during the past two decades, there’s more than enough stuff documented elsewhere on the internet which he cannot change.
That’s odd, facebook.com/groups/programreview/permalink/3785892604816412/; someone who is (according to linkedin) an introducing broker at Elysium explicitly referred to Elysium as a “Forex hedgefund that goes retail” on December 24th, 2019.
On April 18, 2020; that same IB mentions a “total serious and legal Forex Hedgefund project”, the “Product (Pinnacle Forex Hedgefund)” and the “company is from Sweden & MIFID 2 Complient”.
I guess we’re all reading too much into these little misunderstandings.
Do Swedish offices legally overtrump Hong Kong offices?
Apparently, no trace of Elysium Capital is visible at Bonham Trade Centre, 50 Bonham Strand, Sheung Wan, Hong Kong.
facebook.com/groups/programreview/permalink/4167145956691073/
Fred is clearly a freud, whether his pretend office is in Sweden or Hong Kong. You don’t have to be Sigmund Fraud to see through his façade.
(Note to pedants: see comment #13 before you spell-check me.)
It was a Fraudian slip!
Sorry, I’ll get my coat…
Yes, people are too hard on the poor affiliates and brokers. Under wetransfer.com/downloads/b173624fd7dd96f2f557938b98442b2020200730131456/74fa11e148163196d7418a0f1fc7aa9620200730131714/c33f3d, Fred is kind enough to tell at least 3 times that they’re not a hedge fund; they provide copy-trading which “by-passes the hedge fund”. You have to understand that and don’t bother asking for details.
Anyone could get confused though, “Fred Stege, a company in Sweden”; asked for a “logo for Fintech / hedgefund” on jobs.designcrowd.com/job/3663274.
He does talk about how you have the money traded by a group of 17 people that they have right now; so are they a signal provider, a software company, a private trading desk, a mutual fund, asset or portfolio managers,…?
Even these two poor introducing brokers from Norway (www.sparsmartere.no/copy-of-nor-1) are a bit confused on their site – which was registered on June 19th, 2020 – by boldly underlining that you get access to hedge funds.
A part of what Elysium Network will provide is the SoHo Software (“our social media management tool helps Introducing Brokers, IB’s, reach more clients, generate more income and ensure brand compliant social media promotion”).
It’s a bit unfortunate that this software still isn’t operational after all these months, leading some affiliates and introducing brokers to speak out of turn.
But as Elysium promised once the Estonian warning was published here
“Once we launch they will see what we really are about.”
Then their brand compliant information will end all this confusion.
Attended another webinar…turns out he was in the army, went into policing, studied and graduated law, was one of the first to discover the networking potential of the internet, got a financial degree somewhere along the line, went to live in the US for 9 years, built a downline with over 200,000 people, retired at 31, came back to Europe, went into consultancy, did the legal groundwork for US Inc 500 companies coming to Europe, took a stake of 50% in a company worth USD 1.6 billion, sold that off together with his payment processing firm, retired again late 2010, started that family office turned private mutual fund turned hedge fund, learnt trading at the Goldman Sachs commodities prop desk in the City, took a course in DLT & Blockchain in 2013-2014, started trading bitcoin privately, bought futures in Bitcoin as soon as that was possible in 2017 and made a killing by shorting it.
Friends started asking him if they could help him invest money, which wasn’t possible because they weren’t accredited. Which were the first seeds of the idea which will now become Elysium, to help the retail clients.
Not once were Vemma, Origin or Jeunesse mentioned.
According to docplayer.nl/841346-Getuigenissen-voordelen-van-nwm.html; he went to law school for 1 year and was a police inspector for 7 years. Born in 1969 (companycheck.co.uk/director/916918049/MR-PASCAL-STEGE/summary), one year of conscription, one year of law school, 7 years as an officer, 9 years in America and retirement at 31. When do they graduate high school in the Netherlands?
He was the Vemma CEO for Europe, Israel & Africa (vdocuments.mx/dxn-obtainermagz.html) from 2006 (not 2005 as per LinkedIn) until Nov 2010. Around that time, Oiggio (another Belgian company he was involved in – registry number 0892.190.063) was declared bankrupt after a summons on October 21, 2010.
After which he starts with Origin on November 30, 2010 (opencorporates.com/officers?q=pascal+stege&utf8=%E2%9C%93).
I suppose it’s not impossible he was bought out at Vemma in November 2010 and cashed a truckload of money before the whole Vemma pyramid came crashing down and used that money to start his own MLM.
The elysiumcapital.io website was updated, now also contains information about their portfolios. Containing disclaimers why Elysium allegedly “is not required to be authorised by the regulatory authority.”
So they have an office in Sweden, unfortunately elysiumcapital.io/legal/terms-of-supply still carelessly states “our office is located at No.5, 17/F, Bonham Trade Centre, 50 Bonham Strand, Sheung Wan, Hong Kong.”
youtu.be/w6ut-W7alNY does seem to suggest otherwise.
Pretty popular address on offshoreleaks.icij.org/ as well.
@Jonas
Stege has run into a standard problem for liars and fabulists: they make up so much amazing stuff they’ve done in their lives, they run out of years they’ve lived to fit it into.
Actually, his biographical timeline can be put together in a quite consistent way, from publicly available sources, combined with some of his own less-implausible claims.
First, we know that he was born on May 8, 1969. One can lie about such things to Companies House in the UK, but because he’s registered several companies in Belgium, and that requires certification by a notary, we know the date given in those incorporation documents (all easily found online – I looked at company numbers 0478.985.208 and 0865.344.819, both bankrupt) is reliable. (We therefore also know with certainty his legal name is indeed Pascal, not Fred, Stege.)
After school, he first went to university with his eye on a law degree, but that try only lasted a year. Then, there was compulsory military service, which was 14 months at the time.
After that, he claims he was with the police for 7 years. So, 1969 + 18 years, + 1 year of university, + 1 year and a bit of military service, + 7 years puts us somewhere around late in 1996 at the earliest, or in 1997.
In a crapola book he self-published in 2002, he describes what he presents as part of his early days in MLM: cold-calling people in the US, from somewhere unspeficied in Europe, without specifying what it is he was trying to sell them. He puts the start of this particular activity in October 1997.
At least from 1998 onwards, he leaves an online footprint showing him trying to run a succession of MLM schemes of his own, with names like MLM Dynamite, Traffic Oasis, Ezine Blaze, and Madison Dynamics, all of which fizzle out.
Clearly, he can’t make it on his own, and in 2006 he gets a job with someone else. He works for Vemma until 2010. The little companies he set up for his earlier efforts (for some reason these are registered in Belgium, even though he always gives his own address as being in the Netherlands), he lets go bankrupt.
Then, he decides to give it another go with a company of his own, Origin Pure/Unite. That again doesn’t work out, and in 2016 he once again abandons his own company to get a job with someone else, and goes to work for Jeunesse.
Then in 2019, the pattern repeats itself: he once again leaves that job, and tries to set up a new company of his own, Elysium.
It’s all perfectly consistent, with no gaps in the timeline.
What there isn’t any room for is any significant time spent in the US (all of his documented activitity firmly puts him in Europe, most of it in either Belgium or the Netherlands), a successful career allowing him to retire (for the first time) at 31, or any of the other stuff he’s now apparently claiming.
He’s a man with nothing but a string of long-forgotten failed little MLM businesses of his own behind him, plus two stints of about four years each working for someone else’s more successful MLM companies (only one of which, Vemma, was shut down as a fraud).
I say “little businesses”, because I’ve also taken a brief glance at some of the published accounts of those Belgian companies of his. We’re talking about companies where his paid-up contribution to the starting capital is in the order of a few thousands of euros, with profits that at best reach into the tens of thousands of euros, and which never had a single full-time employee.
Hardly the kind of thing a semi-retired multimillionaire, still dabbling in high finance to manage his fortune, would keep himself busy with.
Perhaps us mere mortals can’t understand how hard he worked?
According to his Facebook, he graduated Amsterdam University with an EMBA in 1996 (which he started in ’93 – LinkedIn says ’94). Law school in Leiden is absent from Facebook, no dates are given on LinkedIn.
Police academy from ’88 onwards, maybe he combined that with evening classes or distance learning to achieve his law degree. While also being a police officer and starting his MBA in ’93 or ’94.
While being CEO-CFO at Vemma Europe from 2006 to 2010, he also attended the PLD (Program for Leadership Development) at Harvard Business School in 2008. Which these days is a 7 month course with a USD 52,000 fee. (May have been different back in ’08).
Or as the man himself said in 2013 “through the years, I’ve done quite some formal education, I got my MBA when I was 39”. youtube.com/watch?v=u0C1Wz9SJFE
I watch another webinar yesterday, it is no more funny: you think maybe Fred reading this pages?
For first time, Fred say he studyed law ‘on the side’ and ‘did that pretty fast’. He always say he go to university and meeted a lot of interesting people. He still say he moved to USA 9 years and retire at 31. But now you and Jonas say he studying in Amsterdam and working in Belgium then. For first time in webinars, he say he go bust a few times.
Sorry if I been mean before, but please, I don’t know to believe whom.
Likely, I’d say.
Apart from pretty much immediately responding to the Estonian warning once this site mentioned it; your question made me think of his story about how his private mutual fund had to be turned into a hedge fund once the 50th accredited investor joined was all of a sudden accompanied by a remark along the lines of “in most jurisdictions, mutual funds can only have up to 50 accredited investors”.
I’d pretty much forgotten that passing remark, but now that you mention it; I remember finding it weird at the time, like 3 days after this site mentioned it.
Well, we can’t say for sure whether he was in the USA or not (which should have been between 1991 and 2000; if his claims of retirement at 31 are true.
I guess he then sold his businesses before the dotcom bubble of March 2000 if he could retire on them.) When though would he then have had the time to be a police officer, and also graduate law and finance?
After that, would someone be able to work as the CEO-CFO of Vemma Europe from ’06 to ’10; while simultaneously founding and heading Vemma Netherlands in 2007 (businessforhome.org/2010/09/the-netherlands-mlm-country-report/), being involved in a couple of Belgian companies, founding and heading an unnamed payment processing company and apparently abandoning all these company commitments by going to Harvard Business School for half a year in 2008?
Friday he say his story is correct; he work very hard all his life, 20 hours every day. He’s not working for billion dollar company, he is 50% coowner of billion dollar company. He do still say he retire at 31, his payment firm was with a partner.
This is all confusing me, what all this got to do with new company Elysium anyway?
When you’re hearing conflicting stories from two sides, you must ask yourself which side is more likely to be telling the truth, and which side is more likely to be making up stories. Well, none of us at behindmlm are asking for your money, so what would our motivation be to lie?
On the other hand, you have Pascal wanting your money. Money is a strong motivator for greedy people, and Pascal has made it known that his greed level is sky-high. Is he willing to tell stories (lies) to get your money? What do you think?
Herr D, Jonas, and PassingBy have clearly documented how Pascal’s stories do not add up. Having had it pointed out his resumé has 5 decades’ worth of career squeezed into fewer than 3, he now claims he’s worked 20 hours a day all his life to do more than any normal human could ever accomplish.
That’s funny; didn’t he earlier claim he retired at 31 (in 2000 or 2001)? For how long, 4 hours?
And what does it have to do with Elysium? Plenty, because Pascal == Elysium. Even if Pascal’s stories about his staff of traders is true, he is still in charge, calling the shots and making the speeches.
Do you want to entrust your money with someone who clearly padded his resumé to the point of implausibility? Who keeps changing his story to cover his own inconsistencies.
He retired young, but has worked 20-hour days all his adult life? He can’t have it both ways, so he’s clearly lying about at least one of those (likely both).
For me, it’s mainly because a friend keeps trying to rope me (and all his other friends and family) in and too many things are just off about Stege and Elysium.
He buys Elysium’s explanation about the Estonian warning, I’m hoping to do some due diligence and hopefully convince him to start asking his upline some questions.
I leafed through his 2002 book this weekend:
[Fast-forward… it’s almost 2003]
“Gary” (the guy he allegedly cold-called) is “still in my organization” […] “I can call from three offices on two continents now” […] “I still do it today as it’s so duplicatable”
All fine and dandy, but in 1997 he supposedly lived in the US – why call “Gary from St Louis” from his Europe office then?) After which he retired at the age of 31 (which must be between May 8, 2000 and May 7, 2001 then). Which organization does he then still have and why is he still calling in late 2002?
The alleged payment processing company can’t have been that big, Deutsche Bank doesn’t mention it in annualreport.deutsche-bank.com/2010/ar/notes/05businesssegmentsandrelatedinformation/businesssegments.html (who’d already acquired a payment processor in October 2008 they’d developed in a joint venture).
app.duedil.com/company/ie/423877/vemma-europe-limited/directors shows us that he was a director at Vemma Europe from December 28, 2007 until November 12, 2010.
@bypasser, the story that he didn’t work for Vemma but rather co-owned Vemma, where he then got a management buyout in late 2010, is very probably true.
Was that company worth 1.6 billion USD though? In 2008, they had a post-tax profit of EUR 774,300. (Through search.cro.ie/company/ListSubDocs.aspx?id=423877&type=C, you could check the accounts from 2009 and 2010).
But let’s say the company was worth enough that he could convince someone to buy him out in late 2010 and that he cashed a couple of millions, enough to start up Origin without needing external funding.
Fair play to him. Though I’m not sure you could convince anyone to pay up USD 1.6 billion for Vemma Europe Ltd – liabilities of EUR 1.1 million, assets of 2.5 EUR million, fixed assets of EUR 2.1K
Or maybe he was talking about yet another of his billion dollar endeavours.
I just check his facebook, he finish at the University in Amsterdam in 1996. He just say in webinar today he start direct sell business affilliate marketing after that and that gets him to America 9 years.
But then he say he come back after retire at 31 and living in Mallorca. But 1996 + 9 is 2005?
I listen to all his calls for 2 months, he never say anything about dotcom bubble; tonight for first time he say he start long before dotcom bubble. Is this me paranoid?
It’s you using good sense. His stories don’t add up; that’s why he keeps changing them. Do yourself a favor and stay well clear of this guy and his schemes.
And here’s another reason to stay clear:
He meant duplicable, but that word is favored by people running schemes. By pretending they have a winning business model that can spawn innumerable clones, they seek to discourage their marks from thinking for themselves.
“Don’t ask questions, just follow the system. Erase doubt and negativity. Only quitters fail, and only failures quit.” That sort of thing. It’s very manipulative, and they’re just trying to sucker you in.
It is indeed extremely interesting that he brings up the dot-com bubble for the first time, just a few days after Jonas first mentioned it in passing in a comment here. And typically, it leads to yet more inconsistency.
A major part of his timeline problem is those 7 years he claims to have worked as a policeman, a claim he’s apparently been consistent about over the years, and which I see no reason to doubt (exactly because it doesn’t fit in with the rest of his constructed story, that of someone who’s been a successful businessman throughout his life).
Even if we disregard his claims about having gone to university, and assume he didn’t do anything other than go to school, then his required 14 months of military service, and immediately join the police, that means he cannot have embarked on any kind of business venture or private sector employment until he was 26 at the earliest, in 1995.
Policemen cannot have side jobs. It also means he cannot have left the Netherlands for any significant length of time until then. There’s simply no room for a 9-year business career, or a 9-year stay in the US, before he turned 31 in 2000.
His apparently latest version, that he started in business in 1996, is actually consistent with what we can establish with certainty. But then he doubles down on the inconsistencies by bringing up the dot-com bubble.
That bubble is considered to have begun in 1995, and it burst in 2000. So how can he claim to have gotten started long before?
He’s probably kicking himself now that he didn’t eliminate those 7 years with the police from his bio when he started out. They would have provided ample space in his timeline for all kinds of unverifiable, and more importantly not easily falsifiable, achievements.
But he’s put it in so much stuff about himself over the years, and even told stories about how an experience as a policeman led him into MLM, stuff that can still easily be found on the net, he can’t run away from it anymore.
You guys, Monday and today he sayed nothing about the army in Lebanon or about policing. He say he was at the prosecutors and did investigation following the money. Today he just say he keeps it short and sayed he did as a job financial forensics before business and family office.
Monday he still sayed everything about his 9 years of business and retire at 31. Later consulting and deűtschbank and 50% stock in 1,6 billion company. But he say nothing about police the day you say he has problem. This is becoming much.
@ bypasser, your justified paranoia – they are out to get you(r money) – convinced me to attend another call on Friday.
He just stopped mentioning concrete dates until late 2010 or his time in the army in Lebanon or at the police.
He was at the prosecutor’s office and did financial forensics (“follow the money”) in the “early 90s” (with some goodwill, this may constitute policing).
Which of course gave him great insight in how the world ticks, then he went to study finance, got his MBA and started affiliate marketing when the internet came up in the “mid-90s”.
He built up huge sales funnels and a massive downline with his sales organization.
He spent his days “mostly in the US” (didn’t mention for how long), came back to Europe for his 1st retirement (didn’t mention at what age).
Then started a consulting firm, added payment processing to his portfolio as well, did acquiring for these inc 500 companies he consulted, got that management buyout in late 2010…
Didn’t mention Mallorca this time (may just have forgotten about that estate he claims as home in his facebook background picture on February 15, 2012); seeing how his domicile from say 2002 until 2010 is documented as being in the Netherlands or Belgium, that estate could just be a holiday home of course.
May have confused his retirements at ages 31 and 41 of course. May have just bought the estate at 41 after his Vemma and Deutsche Bank windfalls.
Hope he enjoyed his time there, seeing how he’s been hanging out in Malmö from around 2013.
you guys, maybe thank you for confusing me, today I watch and take notes.
Today he only say prosecutor and then studying finance and then with MBA leaving public sector. Then nobody wants to invest in him, so he teach himself and then he go to US for direct selling affiliate marketing. Now he say he retire in 2010!?!4 Then he settle in Mallorca and start consulting!?, He always sayed he did that after retire at 31!?
I think I get angry, I must have to apologize to PassingBy – I steal your name thinking you being hater.
My friend show me results, he make profit, how you explain this? They lying I think now, but maybe they understand trading?
Oh dear. He just keeps making it worse.
Let’s start with a very easy one, which was new to me:
The only Dutch military presence in Lebanon ever was its contribution to the UN peacekeeping force UNIFIL (nl.wikipedia.org/wiki/Dutchbatt), between 1979 and 1985. Stege was 9 when it started and 16 when it ended. Whatever he’s telling about it, it’s another bald-faced lie.
Now let’s look at some other problems with his claims, which I hadn’t looked into before.
He has two lists of his academic achievements, on Facebook and LinkedIn. These don’t match, and in a way that shows that at least one of them must contain lies.
On Facebook, he has attended what he absurdly refers to as the “Royal Netherlands Police Academy”, which as I explained in an earlier comment, in Dutch is simply called the “Politieacademie”. I consider it highly likely that this claim is truthful, since all those (and only those) who join the police attend that.
He now seems to try and twist his many past claims of having been a policeman for 7 years into having worked for the prosecutor’s office (in Dutch, “Openbaar Ministerie”) in some capacity, but that is obviously something entirely different, and would never lead to someone attending the police academy. It would also require him to have had some legal qualification, which neatly brings us to the subject of his claimed degrees.
On Facebook, he claims an LL.M., without saying when or where he got it. I am guessing he is trying to pass this off as its origin:
Which is obvious nonsense, since such a program has got nothing to do with a law degree.
On LinkedIn on the other hand, he hasn’t gone to the police academy, and doesn’t have an LL.M. either, but only an LL.B., which he got, at some unspecified time, from Leiden University.
Major problem (besides the discrepancy between the lists): the division of higher education degrees into Bachelor and Master wasn’t introduced in the Netherlands until 2001. Before that, there was no such thing as a Bachelor’s in Law (or any other universitary field). Nor was there some other degree that was retroactively declared equivalent to it. There was only the Master’s degree, which requires at least four full-time university years, and entitles one to put the title “mr.” in front of one’s name (that’s not the Dutch equivalent of “Mr.”).
So an LL.B. from Leiden he could only have gotten at some time after 2001, while already working full-time for a succession of MLM companies, some of them his own. And long after any employment by either the police, or the prosecutor’s office.
The one common claim between Facebook and LinkedIn is an MBA, which he got from the University of Amsterdam in 1996, after starting in 1994 (this would therefore be the two-year part-time study program).
Problem #1: you need a Bachelor’s degree to start that program, and unless he’s keeping a secret from us in both lists, he clearly doesn’t have one in 1994.
Even if the LinkedIn LL.B. claim were true, that could only have come years later.
Problem #2: such an MBA didn’t exist.
I actually should have checked this earlier. 1994 isn’t long after I went to university, and I cannot recall legitimate European universities at that time already issuing MBA degrees. They’re a pretty recent American import.
In my time, they were primarily known as favourite bogus degrees sold by fraudulent diploma mills, which usually claimed to be affiliated with some American university, supposedly entitling them to issue MBAs by proxy.
A bit of searching confirmed my suspicions:
mbaopleiding.org/amsterdam-business-school/
The University of Amsterdam (UvA) didn’t set up the Amsterdam Business School, which issues its MBAs, until 2007. Stege claims to have gotten that degree over a decade before it existed. It’s another big, fat, whopping, incontrovertible lie.
Lies about degrees in themselves are pretty hard to prove using just online searches. But not bothering to check first whether the degrees you lie about actually exist, makes someone not just a liar, but a pathetically stupid one.
The only things in his lists of educational achievements which are likely to be truthful are where he went to secondary school, the Fraters Maristen Azelo (that’s a real, completely unremarkable, school which existed when he was the right age, and why would he lie about that?), and his attendance at the police academy (since that actually causes problems for the rest of his current array of fairytales).
Just in case he notices this and start removing the embarrassing stuff, I’ve saved screenshots of the two pages:
imgur.com/a/ldBhiOF
imgur.com/a/Tl72aDU
Hey, I think Phil Ming Xu had one of those too! 😀
Doublechecking… Yep, PLD is offered through executive education, which is where Phil Ming Xu got his “VC And Private Equity Program” certificate. But Harvard won’t verify his attendance without his permission.
Which PMX used to portray himself as “graduated from Harvard Business School” and that’s a bald-faced lie as that’s a certificate course, not a degree course.
Review updated with additional information from latest Elysium Capital compensation plan.
Or something like youtube.com/watch?v=hygi0wsxrxQ
“Keep it very short, clean, simple, easy, fun, magical, duplicatable” […] how I built my business within a decade to over 200,000 people […] only simple things are duplicatable, write that down”.
One does wonder which decade and which business he could mean?
If you are going to use facebook.com/fredstege/posts/10221307315659854 to convince potential customers of “Fred is also a frequent guest lecturer at several European top-tier universities”, perhaps you shouldn’t use the exact same picture someone else uploaded on April 12, 2012 to foursquare.com/v/nyenrode-pfizer-zaal/4e1b200c18a8ce9e385db85a?openPhotoId=4f8709b0e4b0cec3a90aaeb5
Oh well, even experienced C-level executives can make schoolboy errors.
Even without stealing a picture, what’s particularly pathetic about that is that absolutely anyone willing and able to plonk down a few thousand euros can speak in that auditorium.
Nyenrode was originally just a training institute for the staff of large Dutch corporations. Even though it’s grown into a proper private university, it remains true to its commercial roots by trying to maximize the income it can derive from its, extremely nice, campus (it gets no state subsidies).
Not only can anyone rent out their lecture and conference facilities, some of the more picturesque older buildings are even licensed as wedding venues, and they have a hotel on the premises.
As a result, I am sure if one went looking for it, one could find an awful lot of pictures of extremely dubious characters standing being a Nyenrode lectern, characters without any connection to Nyenrode University beyond having rented a room for the day. It’s sort of the rented Lambo of universities.
For some reason he’s been toning it down considerably over the past couple of weeks;
Wednesday gave us no information on or mantion of Lebanon, the police, law school, 9 years in America, achieving an MBA, 1st retirement at 31, settlement in Mallorca, consultancy for inc 500 companies, stakes in and ownerships of various billion dollar companies, payment and acquiring processors, management buyouts or 2nd retirement.
His career up till 2010 was condensed to “my background very briefly is prosecution, later on finance as well and fast forward, 2010 I started my family office”.
Friday “my background is prosecuting, after that business I built sales funnels, set up large affiliate organisations up till 2010, then started family office”.
They have a master account (or 3, one for each portfolio) at Equiti, which their customers can copy. As long as the bots are working, customers will probably be in profit.
Elysium may have acquired the bot somewhere or may even be writing the bots in house; as far as anyone can see, they have no license anywhere to offer this service to customers.
It doesn’t even matter whether they offer this bot through an mlm scheme which may have enough retail revenue not to be a pyramid scheme (cautious guess – it doesn’t).
Offering auto-copy is a form of investment/portfolio management. It is perhaps not a securities offering in the classical sense (stocks, bonds, futures,…); but still something which requires regulation.
Elysium now puts the name of a certain Mattias A. Larsson forward as their CIO & Senior Analyst (dk.linkedin.com/in/maxelia and merinfo.se/person/Malmö/Mattias-Axel-Larsson-1975/brbqx-367rq).
“Holds ACI Dealer Certificate and SWEDSEC, Licensed Life Insurance Broker in Sweden, and an Authorized Nasdaq OMX Equity Derivatives Trader (Click Genium Inet)”
The 1st seems to be aciforexdanmark.dk/ACI-Dealing-Certificate; looking at “A help line is available until each participant has passed the exam.”, one can presume anyone who spends EUR 1,800 can get that certificate.
swedsec.se/licensiering/sok-licenshavare/ gives us 2 Mattias Larssons, unfortunately none of them work at a company Elysium’s Larsson has on his cv.
fi.se/en/our-registers/company-register/?query=larsson#results gives us no Mattias A. Larsson (a couple of Mats, Mats Einar and one Mattias Larsson; but none which would fit his cv).
Maxelia was allegedly established in 2009 (though maxelia.ml wasn’t registered until January 17, 2020 and Larsson only started working for them in January 2019).
Maxelia is the secondary business name of Isonine International Investments AB, which doesn’t have the most informative website (www.isonine.com). Owned by a Tord Larsson and registered in Pionjärgatan 12, S-70381 Örebro.
Most recent activity I could find for this company is book publishing (boktugg.se/forlag/6089/isonine-ab) and shows up at eniro as a book publisher. If kartor.eniro.se/streetview?query=Isonine+International+Investments+AB&id=14510799&index=yp&hide_info=true&refback is somewhat recent, I guess there’s is not a lot of activity at that address.
More importantly, neither Isonine nor maXelia are registered at the Swedish Finansinspektionen in whatever capacity.
Which is a shame really, should they show audited evidence their licensed asset managers made a profit of 10,831.14% on the commodities market in less than 2 years, most of us would join in a heartbeat.
I’m also noting this “disclaimer” from the compensation plan:
Elsyium Capital Limited does not accept clients from the U.S.
This in and of itself is a red flag but also ties into Elysium Capital’s securities fraud and pyramid recruitment red flags.
That could partially be caused be caused by the fact that Equiti don’t accept customers from the USA.
How the New York prop desk trading the Aurum Digital fund manages to get its trades to an Equiti Master Account to then be copied by Elysium affiliates is anyone’s guess.
The Swedish bolagsverket (Companies Registration Office) gives us three results for maXelia at foretagsfakta.bolagsverket.se/fpl-dft-ext-web/home.xhtml?cid=2.
One as “enskild näringsidkare” (sole proprietorship) in Oxie, a suburb of Malmö. allabolag.se/750713NIMB/verksamhet gives us that date of registration in 2009.
Also tells us it is a passive company which was never registered in the VAT-register. Financial consulting is one of the activities.
One as the secondary name of Isonine International Investments AB (Aktiebolag or limited company). Through most of its existence, maXelia shared the registered addresss with Isonine.
One as a kommanditbolag (KB or limited partnership). Deregistration due to discontinued operations.
vetarn.se/9696191460/Maxelia-KB tells us the company was mainly involved with direct marketing.
bolagssajten.se/bolag/MaXelia_KB/ tells us the company was registered in 1995 and that there was no turnover in 2012.
maxelia.ml tells us “trades it owns capital and engage in consulting for banks, brokers, asset managers and financial institutions globally.”
Why would Elysium need to work with this (one-)man (company) when they are merely a “fintech acces provider”; not a bank, broker, asset manager or financial institution?
My friend say Fred say sites like this just make up storys (Ozedit: snip, see below)
Feel free to point out a story we’ve made up.
Failing which, we’re done here. Best of luck with the scamming.
In the immortal (but always slightly misquoted) words of Mandy Rice-Davies: well, he would say that, wouldn’t he?
( not sure if trolling or genuinely in doubt)
Ask your friend whether Elysium’s offer at Equiti looks a bit like the one in
youtube.com/watch?v=DPBvrc12ZZs
If it does, that shows Elysium is doing account management.
My guess would be that it is (seeing as their website says ” Participants can, at their own discretion and liability, appoint a proprietary trading desk to trade on their behalf by providing a signed limited power of attorney subject to compliance approval.”).
If this is the case, participants must appoint this prop desk, which as far as anyone can find, is not licensed to do account management.
If it doesn’t, that would show that Elysium is probably just one amateur bloke with some bots doing some trading on his own, whose trades you could then copy.
If that is the case, their stories about not needing a securities regulation could be true (they compare themselves to eToro, if you just copy some retail trader on there, the person you copy doesn’t need a regulation.)
If that’s how Elysium work though, they’ve been lying about the desks (“most at the desk have an investment banking background with Merrill Lynch and Goldman Sachs”) and the company.
As you helpfully told us on another thread, Elysium didn’t acquire an LEI until August 5, 2020 (search.gleif.org/#/record/984500CB3M451FAZ0914).
Who then has been trading the Alpha Linea portfolio since March 2020?
All the portfolios get their “quant signals” from Elysium Capital, whose Prop Desk is the “Auto-copy MAM”.
Did the companies trading Aurum Digital and the Pinnacle Portfolio only join forces with Elysium in August 2020?
How then has the Pinnacle Portfolio been getting Elysium’s EA signals since 2010, when the first idea of Elysium only came to Stege some five years ago?
Or there’s a third option I’m not getting, please enlighten me.
Some deceptive advertising may have been going on I feel.
But hey, it’s almost October and the update to the portfolios is upon us.
Ask your friend to prove that Aurum Digital has reached a performance of 11,000% and I’ll remortgage the house in an instant to start investing.
You guys, please believe I do not try scamming or trolling; I want warning you. My friend say Fred will use lawyer on people telling storys.
Really, Stege is going to sue people for telling stories? What will that do to his CIO and Senior Analyst?
Up until last week, the capital website told us “Mattias is a licensed Investment Adviser and holds several licenses, including: ACI Dealing, SWEDSEC, Swedish Insurance Broker, Nasdaq OMX Genium Inet.”
Today, the very same source tells us “Mattias holds the ACI Dealer Certificate and are an Authorized Nasdaq OMX Equity Derivatives Trader.” One of life’s coincidences that the 3 positions questioned on here disappeared.
Checking dk.linkedin.com/in/maxelia, at some point Mattias Axel Larsson must have realised his name is Mattias L. He also realised on there he is neither a licensed Investment Adviser, nor an insurance broker. We all make mistakes, small details like that are easy to forget.
Behindmlm even jogged his memory about his Swedsec license, which expired in Dec 2019.
Mattias A. Larsson’s LinkedIn on Sep 04: imgur.com/a/2cLErIE
Mattias L.’s LinkedIn on Sep 28: imgur.com/a/BGlBR01
It is a rather entertaining thought that a man who tells tales about having served in the Dutch military in Lebanon, even though their participation in the UN peacekeeping force there ended two years before he was old enough to join the military, who claims to have gotten a master’s degree in law from a non-degree program at Harvard Business School, and to have gotten an MBA from the University of Amsterdam a decade before that university started its MBA program, would sue people for “telling stories”.
He only wanted showing september trading result, he just keep saying they got proven track record on their site and I must have to stop listening to you guys.
He say he protecting me, I can be already in trouble by talking about webinars, you think they can use lawyer?
Wouldn’t worry too much if I were you; everything published on here is in the public domain.
Why would a financial and legal mastermind with 2 law degrees need a lawyer anyway? He could just form an ad hoc legal team with compliance officer Shalini Persson. Who, like Mattias A. Larsson (sorry, Mattias L.), still doesn’t mention Elysium on LinkedIn.
Just noticed that Aurum Digital is at 11,170.10%. Also noticed “We do not have direct clients, nor do we provide any investment services or ancillary services to others. Participants can utilize our trading signals and have them auto-copied via a managed account at a 3rd party independent prime brokerage.”
Who manages the account again?
If they do not provide ancillary services, why does creditreports.ee/elysium-capital-ou say that “The company’s activity is other activities auxiliary to financial services, except insurance and pension funding”?
On the latest webinar, Fred informed us that the trading desk is adding trading on silver to this portfolio.
Strange, we were led to believe Aurum Digital (“trades currencies and precious metal commodities like gold silver etc.”) has been traded by an external desk since October 2018. So why wait until early October 2020 to actually add silver trades to the portfolio?
Stege helpfully informs us on calls that Aurum Digital mainly trades gold, but also silver, platinum and rhodium.
Unfortunately, Equiti’s FAQ (www.equiti.com/support/faqs/#precious-metals-68967) informs us that Equiti doesn’t offer trading in rhodium.
Are you aware this is a cult manipulation technique? They are basically telling you to trust no one but them. They will only love you if you trust them. You just depend on them for “information” and “obey” them. And they claim they are doing all this “because” they love you.
Does that sound like a healthy relationship to you?
Please read this section about “information control”, which is how a cult gains control over a person.
freedomofmind.com/bite-model/
Then see if they also want to control OTHER aspects of your life, such as behavior, thought, and emotion.
We want YOU in control of your life, not someone else. We are NOT telling you what to think. We want you to think for yourself.
Do they want you to think for yourself? Think about that.
Could you perhaps ask your friend why it took Stege until November 26, 2018 to ask for a trading bot on mql5.com/en/job/89220?
I thought he met all these investment officers, analysts, quants, math experts and allround financial wizards after starting that mutual fund in his family office turned hedge fund in late 2010?
So the alleged portfolios have been traded since Jan 2010 and Oct 2018 with EA strategies provided by Stege and/or Elysium.
Why would Stege then still need an EA trading bot in late November 2018?
Not only a bot, but also “integration with broker, ongoing maintenance, admin and enhancements as well.”
Wow, just wow.
I wasn’t going to whine about details like the subject-verb accordance in “Mattias holds the ACI Dealer Certificate and are an Authorized Nasdaq OMX Equity Derivatives Trader” on both LinkedIn and the Elysium website (which is a bit sloppy for someone with a full professional ability) and how the exact same mistake in two places is a bit weird.
I guess the ongoing task Stege asked for under freelancer.com/projects/editing/editing-website-text-english-europe/?ngsw-bypass=&w=f must have ended.
It’s a good thing he spent 9 years in the US and released several publications on linguistic marketing to practise his English a bit.
Looking at the crummy grammar in the alleged portfolios’ KIIDs, Elysium could do with rehiring a proofreader.
Thanks for that link; it gets better.
The Elysium business plan (“I need to full Business Plan written to Start a Forex Brokerage (Forex, ETF’s, CFD’s) with a base in The EU (MiFID compliant)” – that sloppy grammar again) was outsourced on that same platform. – freelancer.com/projects/business-analysis/business-plan-written-start-forex/?ngsw-bypass=&w=f
Once he acquired a bot with “integration with broker, ongoing maintenance, admin and enhancements as well” on mql5.com in 2018 (even though Elysium themselves have been developing the software since 2015 as per Stege’s webinars), Elysium went looking for a website/logo designer on the same platform (freelancer.com/projects/php/would-like-hire-website-designer-13161936/?ngsw-bypass=&w=f).
Didn’t find one there, luckily designcrowd.com/design/21053980 could design a “logo for Fintech / hedgefund”.
Maybe stuff like this is why people just won’t understand Elysium is not a hedgefund?
The software in Elysium Network, which is indispensible to conduct your business of course and which are definitely not a pretext to give a semblance of compliance and which unfortunately you cannot sell to anyone who is not in the network are
– EOS (Elysium Operating System), which is a rebranding of what Equiti offers to any Asset Manager or Introducing Broker (equiti.com/support/faqs/#partnerships-68968)
– Xoom (Video conferencing software which is definitely not piggybacking on the name “Zoom”) is rebranded whitelabel software from livewebinar.com/enterprise (FAQ under cdn.livewebinar.com/site/support/manuals/en/faq_v2.pdf)
– SoHo (“An automated algorithmic social media dashboard with an ongoing monthly supply of ad hoc marketing collateral”) is still nowhere to be found unfortunately.
Recapping what the visionary founder said on Monday, hope I caught it all.
Hope I don’t get sued for telling stories, maybe the founder of the Pinnacle Portfolio is Marc with a c.
I don’t know guys, is my friend my friend and just really believing all the things or is he being liar to me?
He show me article on seekingalpha.com/instablog/50717150-vprakash568/5499804-forex-market-sets-to-regain-loses-traders-are-witnessing-high-volatility-in-market and then claiming this is good press; but is this good site or just blog? The writer only writed this article so I don’t know.
He still just saying historical 10 year proofs of the portfolios is on their site and I must have to stop talking about unimportant details. If I show him this site, he just laughing and say me you guys don’t have the real wisdoms.
Who cares? You can’t read minds and you’ll lose exactly the same amount of money whether he sniffs his own farts and believes his own bullshit or not.
Doesn’t matter. Not a substitute for legally required regulatory authorisation and independently audited accounts that verify Elysium has produced the historical performance it claims.
That’s not proof. That’s a claim, which requires proof.
ANYBODY can write for SeekingAlpha.
NOLINKs://seekingalpha.com/page/become-a-seeking-alpha-contributor
Heck, I think I wrote for SeekingAlpha once or twice.
NOLINKs://seekingalpha.com/instablog/6986191-kschang/1480471-why-should-you-care-about-what-happens-to-herbalife-hlf
Do you trust everything I wrote?
Unfortunately, we no longer get to hear entertaining stories about his career; but he more than makes up for that with exciting new information.
The figures we see on the website are already adapted and show the net asset value a retail client would have gotten (i.e. minus the 50% performance fee Elysium obtains). So Aurum Digital actually made a profit of 22,342.20% over the last 2 years.
You know, with the bots and strategies they’ve been delivering to institutionals since 2010; before they decided to open up their strategies to retail clients.
Although the Elysium companies weren’t established until August 22, 2019 (Hong Kong) or January 23, 2020 (Estonia); from whom have these external funds been getting their information then?
They are working on a 4th portfolio, where cryptos will be traded. With the same settings by the trading desk, but by the time they open that up ro retail clients, it will be traded on a different platform with a new liquidity provider, so Elysium unfortunately won’t be able to share the history of the desk.
There will be no use in sharing because “we can’t prove anything”. Odd, hasn’t bothered them so far (I’d be more concerned about my inability to prove a bot’s trading results from 2010 if I only acquired that bot in 2018, but I’m no experienced C-level executive).
Elysium Network should be up more, “really important to triple or quadruple by Christmas”. There’s a bull market in gold and bitcoin coming up, stop being cagey or else you’ll miss it.
Affiliates and introducing brokers should be recruiting all day long apparently, opportunity of a lifetime and all that.
Elysium’s documentation: “We do not have direct clients”.
Equiti’s FAQ “any Asset Manager can create his/her own MAM program. Clients can join this program after signing a limited power of attorney and allow the AM to trade on their behalf.”
Elysium still hasn’t got an asset management license anywhere, what rotten luck that CIO Mattias Axel Larsson lost some of his abilities around September 20.
Today Stege informed us “we only take a commission when the client wins”; whereas Equiti’s answer to the question “When will I get my rebate/commission?” is “Half the payment is received when a position is opened, and the other half will be paid when the position is closed.”
Getting contradictory information here, if you look at t.me/s/networkmoneyme?before=602; we get a dropbox link:
dropbox.com/s/7n94q8w7yk1x535/ClientRegistrationActivation.pdf?dl=0
Though Elysium do not have direct clients, they’ve produced a tutorial explicitly named “Registration and Activation process for Clients”.
A non-direct client is supposed to “tell the Support Assistant:
As the telegram link tells us that “this document will be refined if needed”, imgur.com/a/Fv8xoMl should anyone at Elysium feel the need to refine that sentence.
The document seems to have been refined and condensed to 30 pages (down from the original 36).
Interestingly, we get a glimpse of the LPOA a client (non-direct I guess?) has to sign on page 27. “Asset Manager: ELYSIUM CAPITAL LIMITED”
Looking at their portfolios “Elysium Capital Limited itself does not carry out any regulated activities”.
In a twisted way, that’s not a lie – Elysium Capital Limited itself does illegally carry out activities for which it isn’t regulated.
If you’re not regulated, you can by definition not be carrying out regulated activities. I doubt a regulator would see it that way though.
We can also find this document on elysiumallstars.com/let-the-professionals-trade-for-you/. We know this man form the false information regarding the founder of the Pinnacle fund.
Maybe this document is once again a misunderstanding and it’s once again just an affiliate partner providing false information?
You guys, this is almost litteral what my friend say to me earlier this week; he say my mindset is typically one of the masses and now he no longer talking to me.
You guys think this elysiumallstar guy is this guy? (Ozedit: spam removed)
He is also on facebook and twitter and promoting coins and mlms and hyips. I don’t know if it is good if a guy like this is promoting Elysium?
Good riddance then. As the old saying goes “If you loan a friend twenty dollars and you never see them again, it was probably worth the twenty dollars”.
And you are only worth $20 to him too. Remember that.
He decided you weren’t going to give him any money and covered by saying you were no longer worthy of his “help.” (It’s like when a woman breaks up with her loser boyfriend and he growls at her, “Your loss, babe! You’re not even worth my time.” Yeah, keep telling yourself that, buddy.)
This snippy response also is typical behavior. I read of someone who was being “interviewed” (recruited, really, this company used pretend interviews to appear choosy) by a pyramid-scheme outfit.
He went to the second interview armed with tough questions the scammer had no answers for, so the pretend-interview was cut short by the scammer saying, “You’ve just disqualified yourself for this opportunity.”
Your former friend is either lying to you or brainwashed into believing what he says. Either way, you should not take advice from him.
Oh boy, it’s all there. The obligatory Lambo on instagram, the promoting of Elysium and Nexus on facebook, the myriad of schemes on telegram, x-invest and twitter…
If you don’t care too much about ethics or friends, I suppose Elysium is a sound investment. Rope in a couple of people, get your investment back and everything after that is profit until the bot hits the equity protector (as they eventually all do) and have that explained away as a “black swan event”.
If you really want to risk your money on a forex bot; the cheaper solution is to do as Stege did late 2018, just go to myfxbook or mql5 and pick one you like.
Added bonus is that you don’t pay half your winnings to a non-regulated company.
Unfortunately, the Norwegian website seems to have disappeared; figured I’d ask, but alas.
Luckily, some more news from the visionary founder himself in his Monday webinar. I don’t think I’ve ever heard the words “misunderstood” or “3rd party independent broker” that often before.
Basically, Elysium are just misunderstood by many people. The logic seems to be that most people don’t understand that you don’t send money to Elysium (ignoring the whole network part for a second there apparently), but to a 3rd party independent broker, not being Elysium. Allegedly meaning that there is no conflict of interest
The odd thing is that one was told Elysium had merely struck a deal with external funds, to allow retail clients to copy the trades of these spectacular funds (I seem to remember Pinnacle was in Luxembourg and Aurum Digital in New York).
Together they had some 4 billion in assets under management; and had nothing to do with Stege or Elysium. Some affiliate spreading false information apparently misunderstood that.
Elysium then decided to start their own portfolio (Alpha Linea) to give retail clients an easier entry. Those other funds usually only took accredited investors (you know, the big boys that usually start from half a million upwards) and therefore Stege, having the interests of Joe Sixpack at heart, through magnificent negotiating managed to talk them down to €3,000 and 1,500.
There is absolutely no mention of external desks anymore; have I missed a huge merger of a couple of the best trading desks in history who now all operate under Elysium?
Stege must be a very lucky man, asking for a trading bot on mql5.com in 2018 and being rewarded with about a dozen of financial wizards with decades of experience into the bargain. Who are now all working on Elysium’s prop desk. As they have been doing since 2010, apparently?
Odd, how a man with his capabilities and luck can’t seem to find a licensed asset manager or an auditor to verify the claimed results.
That’s a bit harsh, I hope he doesn’t mean this site? Which has been nothing but helpful to him in finetuning his stories, his CIO’s resume, the client tutorial and the Elysium websites in general for months?!
Imagine being one of those 17 traders who gave up their jobs at magnificently profitable funds after decades with Merrill, Goldman or unnamed hedge funds to move to the prop desk of a startup in Sweden.
You’re more than happy to work day in and day out, because you’re convinced your new company will take the world by storm; and then you find out the CIO you’re going to work under had been telling stories. Misunderstandings like that can be quite damaging for the group dynamics.
Stege just mentioned in his latest webinar that prospective new clients should do their own due diligence, but don’t “read what internet trolls writing bad stuff; especially the anonymous ones” produce.
You don’t send your money to Elysium Capital, “despite what a troll on the internet might say”.
Where does he find these trolls? If he means this site, all we’ve been saying is that you send your money to Equiti, where your funds are then managed by Elysium Capital Limited. Which is the offering of a financial service for which they are not licensed.
There were also some doubts on the historical results or the mere existence of the alleged portfolios before August 2020.
Would Stege be able to explain on a further webinar what we are misundertanding in that assessment?
I thought I’d be helpful and looked into Chief Operating Officer Daniel John Masih over the weekend, which makes me think I may have found someone Stege can sue for telling stories.
Or he may have to sue himself for telling stories about his COO, called Daniel John on facebook, Daniel Masih on LinkedIn. According to Elysium, this man has a degree in computer sciences. On his calls, Stege introduces him as an award-winning broker from Singapore, who recently moved to Sweden.
No trace of computer science can be found on Masih’s 2 resumes on LinkedIn (linkedin.com/in/daniel-masih-1b07a096/?originalSubdomain=se and linkedin.com/in/daniel-masih-843819a/?originalSubdomain=sg); the Swedish page gives us an education at CIM (Chartered Institute of Marketing), which doesn’t offer computer sciences.
An upload of that award (to the company he was working at back then, Inter-Media Consultancy Pte Ltd – a company which was later renamed to The Monty Pte Ltd (sgpbusiness.com/company/The-Monty-Pte-Ltd), The Monty being the name of a “Luxury Lifestyle Magazine”) can be found on his recent LinkedIn (and at imgur.com/a/dkPyNwl).
You’d expect a bank like HSBC to make its awards somewhat more readable, and not making it look like their logo was photoshopped on.
His cv about his time at Inter-Media says
If you compare that to the cv of a certain Rachael Gordon (slideshare.net/RachaelGordon8/rachael-resume-68348441), we find out that she served as an integral part…, managed all outbound sales for all major banks…, provided management…, mentoring and assistance, educated at the CIM… Although her team leads and managers didn’t average US$ 10M.
She may have worked together with Masih at The Monty and at women’s shoe line Rachael G.
At Elysium, they don’t just copy trades, they copy resumes as well.
rocketreach.co/daniel-masih-email_85373386 tells us Masih achieved a bachelor’s degree in Commerce and Business at the Singapore Institute of Marketing. He’s still working at the Elysium office in Hong Kong, must have been awkward that day he turned up at work and everyone had moved to Sweden.
Maybe there was just an unnoticed typo on his resume, he probably meant to type SIM instead of CIM.
As a private tertiary education provider, SIM’s graduates are listed on graduates.name/singapore_institute_of_management-10468, where we find out Masih worked at the JDS Empire.
(facebook.com/AmbassadorTheJDSEmpire/about).
Jenny Samuelsson was the CEO of The JDS Empire Ltd (UK company number 060768189), which had as its correspondence address Lilla Varvsgatan 14, 332, Turning Torso, Malmo, Sweden, 21115. (find-and-update.company-information.service.gov.uk/company/06076818/officers)
Later on, she founded the next company on Masih’s resume, Entourage Team AB. Samuelsson seems to have passed away in 2016, Entourage Team AB went into liquidation on April 10, 2018; which was made final on October 21, 2019 (allabolag.se/5567744783/entourage-team-ab).
Entourage Team AB seems to have been a temporary employment agency in name (apollo.io/companies/Entourage-Team-AB/5569dbf57369642598b9a700?chart=count), though http://www.flashback.org/t1387872 tells us that they were involved in cold-calling and finances (linkedin.com/in/jenny-samuelsson-63613796/ offers alleged investment companies).
I don’t speak Swedish, within the context “kalleankaföretag” was google translated as “cold call company”. (Kalle Anka is Donald Duck; is the Swedish translation for a Mickey Mouse-company a Donald Duck-company?)
Anyway, that’s where Masih (whose experience mainly seems to be CRM and tele-sales) was plying his trade from 2013 until May 2019 (faithful to “the constant call for renewal that our founder, the late Ms. Jenny Samuelsson instilled at our inception”, he stayed almost until the bitter end), it’s not clear what Masih did the next 6 months.
By way of humongous coincidence, right across the hall at the Turning Torso, you have Stege, who needs a technically versed computer wizard who knows the financial markets inside out to head his IT department.
According to his facebook, Masih started at Elysium’s Hong Kong office on November 19, 2019 (facebook.com/daniel.john.92775). At some point in the course of the last year, he moved back to Malmö to be reunited with the Turning Torso.
It’s not clear from Stege’s calls whether Masih moved from Singapore, or had a lay-over in Hong Kong.
Will he now sue Masih for telling stories? Larsson is still writing Elysium’s newsletters, so Stege must be an understanding boss who didn’t sack or sue Larsson straightaway. Or maybe Stege was just fooled by Masih’s brilliant cv and shiny award from HSBC.
Though this may reflect poorly on the company, this may be a reason why some people are a bit hesitant to use Elysium Capital Limited as an asset manager if they can’t weed out liars in their own executive team.
Finding out the CIO and COO have both been lying on their resume doesn’t inspire confidence. That casts some doubt on the vetting process at Elysium, can we trust them to have thoroughly checked the resumes of the 17 traders who work day in and day out on the robots?
Imagine being told by someone they have decades of experience, and then finding out they are conmen who acquired a bot on mql5.com to pass that off as their own?
Regulatory pedantry alert: no matter how you twist it, it is a lie and it’s not just how the regulator would see it.
“Regulated activity” is a legal term of art meaning “something it is illegal to do without regulatory authorisation under securities law”. So you can indeed carry on a regulatory activity without authorisation, which is as redundant as saying you can steal something that isn’t yours.
Those are the exact words used in UK securities law and due to EU law I would imagine direct translations apply across the EU, including Sweden.
Running a collective investment scheme is a regulated activity in every developed economy.
The Flashback article mentions that Entourage Team was active in “personlig assistants” assistance. That is, personal care for disabled people which Jenny Samuelsson seems to have been.
It seems to have been her own company employing the assistants giving her care. This is not uncommon where disabled people that have been approved for 24/7 care (or their family) want to have full control of the employed assistants.
This is also a business with a lot of foul play given the large sums of money from public support.
And yes, Donald Duck is running the Mickey Mouse companies in Sweden.
Amazing, how much foresight HSBC had back in 2003. Handing out an award to a company which wasn’t incorporated until December 8, 2004. (opencorporates.com/companies/sg/200415821E)
Apparently, there are still a lot of internet trolls out there who still don’t understand that it’s Equiti doing all the money remittance, so Elysium is not involved in the offering of securities (as per yesterday’s webinar, announced under facebook.com/fredstege/posts/10221744861918237).
Just helping out here to try and make the misunderstandings disappear, we all want to discover why Elysium is the “business of the upcoming decade”.
Like Madison Dynamics was the business of the 2000s (before Vemma sidetracked him).
Like Origin (Pure or United) was the business of the 2010s (before his family office, Jeunesse or the software development for Elysium starting in or around 2015 sidetracked him).
We all want to help shed some clarity on Elysium, so that there can be no excuses if it doesn’t become the company of the 2020s.
I’ve been looking for some internet trolls, even reached out to tradewise.community/elysium-capital-review-2020-100-honest-review-from-a-real-member/, but my comment there didn’t get past the editor.
I’d be pretty disappointed had I been diligently working since 2010 on developing EAs and providing trades to institutional funds and the Stege-Beaufort family office, and then finding out my boss trusts my work so little that he goes looking for another bot in November 2018.
Making matters worse, he appoints some schmuck from across the hall to C-level executive in 2019; and another guy who’s been lying about his resume as well to Chief Investment Officer.
I, with my years of experience at Merrill or Goldman before moving to Sweden, would possibly start looking for another job.
Mind you, I’d probably get over it if I could invest in something which has generated 22,563.1% over the last 2 years.
Though the last 3 months have been a bit wobbly with “only” 6.3%, I’d have faith in the product if only an audit could be found.
Another weekend, another look at the executive team. Larsson and Persson still don’t mention their jobs at Elysium.
Shalini Persson has 2 LinkedIn profiles; linkedin.com/in/shalini-persson-33a6787/ tells us she owned Lini Inspiration (sole proprietorship, reg number 19721230-9368 001; struck off under §17 of the Handelregisterlagen (Lack of activity, if I understand google translate well).)
linkedin.com/in/shalinipersson/?originalSubdomain=se tells us she is Corporate Trainer & Consultant at Persson Idé & Kommunikation (perssonkommunikation.se); one employee, headed by Leif-Åke Kenneth Persson (allabolag.se/5567028740/befattningar).
Pretty similar to Larsson, whose own maXelia KB was struck off, and another maXelia seems to be headed by his father.
On her education, she lists Paulúns näringscenter, which was the original name of Svenska Näringsakademin (svna.se/om-oss). Furthermore a Master of Law at Lund University and further education at IHM Business School.
Absolutely no trace can be found of an activity within the legal or financial world (which may be due to my non-existant knowledge of Swedish); she seems to be involved in (training for) motivational speaking (feedbackakademin.se/om-shalini-persson), helping stray cats through kattjouren.nu/kattjourens-da-och-nu-2/ (allabolag.se/8024809223/insamlingsstiftelsen-kattjouren) and charity through Lions Club (lions101s.se/kvinnor-och-barn-utsatts-for-overgrepp-i-kongo).
Strangely, she seems to have known the late Jenny Samuelsson (facebook.com/photo?fbid=10152303759356966&set=pb.757376965.-2207520000..)
Anyway, a first job for her – the Norwegian sparsmartere is back under the name of becomemoneywise.com/why-hedge-funds; still claiming you get access to hedge funds.
If only Elysium published a shred of verifiable information, these misunderstandings would disappear immediately.
That becomemoneywise site is absolutely wonderful. I love this bit:
Not only have they hilariously turned “impatient” into “inpatient”, they’ve also managed to turn the quote around, making it mean the opposite of Buffet’s sensible observation.
What a nice way of showing they don’t really understand what they write, they just churn out verbiage that’s meant to sound knowledgeable to their ignorant target market.
For the rest, it’s typical of this niche of investment scams that they present hedge funds as if they possessed some magical secret to making loads of money.
That such funds (and it’s an extremely vaguely defined category to begin with) trade in exactly the same kinds of things on exactly the same exchanges as any other kind of investor, and don’t have a magic device which can predict future price changes better than anyone else can, isn’t supposed to occur to the marks.
They’re of course also meant to believe that all rich people have their money in such funds (with the added suggestion that they’re rich because they do so, rather than the other way round), which is total bollocks – many rich people steer clear of them, for very good reasons.
But the main mystery remains: why on earth would a hedge fund allow anyone else to copy their trades? Such funds are selling the supposed expertise of their traders, at very high prices. They’re not going to let some random outsiders piggyback onto that.
Why, out of the goodness of Stege’s heart of course! Using all his connections and experience to help retail clients.
Some 5 years ago, friends started to notice that the Stege-Beaufort family office was making huge profits and asked Stege whether they could invest there as well.
Unfortunately, he had to turn most people down, because non-accredited investors couldn’t join his family office, which by then he had moulded into a hedge fund.
This made him realize he had to do something for the poor retail clients, which are left in the cold by crony capitalism and incompetent governments, who want to keep the people scared so they don’t take their money away from retail banks, where their money can just be used for the next bail-in. So he had to come up with a way to allow retail clients to get the same trades as hedge funds.
Around May of this year, he had cut a deal with the traders of these external hedge funds to let retail clients copy these trades. Elysium merely being the link between these trades and the retail clients.
Back then, he was negotiating with them to get the cost of entry down (must have been tough – Elysium getting a cut of 50% on all the profits for retail clients which get in with €1.500 or €3.000; and the hedge funds getting absolutely nothing in return. As a businessman, Stege is just that good.)
Around September of this year, Elysium was a 10 year-old prop desk which had been trading with its own money (not having acquired an LEI until August 5, 2020; but let’s not whine about details) and delivering robotic trading to hedge funds and institutional traders.
Like the chicken and the egg, it’s not really clear whether his family office was there first, which made him meet all these analysts, traders and software developers; or whether Elysium started out as a software developing company, whose signals he could then use in his family office.
Seeing how his soul is in network marketing (these days, his soul is in finance and cryptocurrencies, I seem to gather), he also found the time to start his Origin MLM on the side.
Nowadays, there is no mention of external funds; just 17 people working on the robots and the strategies day in and day out. Elysium is just developing and maintaining EAs for the robotic strategies and offering that through Equiti, where the retail client can copy the trades from Elysium’s master account.
I can understand Introducing Brokers getting it wrong and providing false information, seeing how the visionary founder himself keeps changing his stories. People may unfortunately start to misunderstand you that way.
I guess a press release could help? Get an article in a renowned newspaper, have the historical results audited and do away with these misunderstandings.
Or better still, a press conference with the help of Shalini Persson? “After working with me, you will experience that people who listen to you are captivated and convinced by you message.”
The name Elysium is nowhere to be found on that site; I’m just noticing this gem:
Are Goldman Sack and Merrill Lunch members of a “hidden society where the rich people hang out and invest their money”?
So they do money management? Although “you are the one trading”? So the traders of these “Hegde Funds” work together with Elysium? Which itself isn’t a hedge fund? Merely a trading desk? Established in 2010, 2019 or 2020? So many questions!
Seems like they are filtering out anyone with half a brain right away.
Like the Nigerians who use Sherlock Holmes address when emailing you about millions in African gold you have coming if you just send a few bucks to them.
So let me get this straight. The claim is
Hmm, odd how you can’t find the investment firms Goldman Sack and Merrill Lunch listed anywhere. So how can they be some of the best traders in the world?
But since this is on the Internet it has to be true, right?
@Jonas, let me help you out here. “Only fools believe everything they are told,” and “The gullible will believe anything, but the prudent sift and weigh every word.” Prov. 14-15.
Everything you repeated is a cock and bull story. I can’t believe you bought this story hook, line and sinker. You really should learn how to do real due diligence.
To be fair to him, he spells it correctly at the bottom of the page (“Most of our traders and analysts have backgrounds from Merrill Lynch & Goldman Sachs”).
The whole page is pretty much a retelling of what Stege has been saying in his webinars (where he spices it up by educating us on how retail will get slaughtered out there, so you need to get into Elysium asap, so the crony capitalists can’t get your money, now that we’re moving towards a fully globalized communist one-world government.
But he and his team of traders can save us poor retail clients by leading us to this magical place where the big boys are playing. Or something along those lines.)
On his webinars, he is so adamant they’re not a hedge fund, and how they don’t offer securities. Then one of his own introducing brokers goes around telling “you can choose Hegde Funds” and “those who manage your money”.
Some of these misunderstandings are of Stege’s own doing; if you’re going to lie, do it consistently. Or at least tell your useful idiots what the latest version of the story is, if you’re changing it around every few months.
(@ Lynndel: Speaking about misunderstandings, I think you may be misinterpreting Jonas. He’s been posting due diligence and sources for months and either quoting Stege verbatim or adding a pinch of sarcasm to his posts.)
My apologies to Jonas as I totally misinterpreted his comments. It would have helped if I had read his earlier posts in this thread before responding. Thanks for correcting me.
No worries, I was tired of writing “alleged(ly)” every other sentence and when quoting Elysium sites or Stege, I figured my position on the veracity of the claims would be clear. I rarely use smileys or the like, so skepticism is difficult to convey.
Was introduced to Elysium by a friend somewhere early June and attended a couple of webinars. Wasn’t interested in the networking part, came away from the calls thinking this Stege was quite full of himself and that his stories were a bit too spectacular to be true.
Thought nothing further of it, but told my mate to keep me posted if the Capital part ever opened. He just kept badgering me and all his friends and family to get in asap (as instructed on webinars).
Was worried, started some due diligence late June, early July and pretty quickly found this site.
Still wondering: howrecruiteyourwaytomillion.blogspot.com/2008/01/how-to-recruite-your-way-to-millions.html tells us “In early 2001, I started applying this new set of refined techniques, which I reveal in my “tell-all” book. When I started, I had nothing. No downlines. No prospects.
And by the end of 2002 (less than a year and a half), I’d already built a dream team consisting of 211,000 people — a staggering salesforce moving millions!”
At that time, Stege was about halfway through his 9-year stay in America. Or happily retired in Mallorca. Or heading MLMs in Belgium. Or he can condense a decade into one and a half years.
realscam.com/archive/index.php/t-774.html also tells us
I suppose it’s not impossible he retired at age 31 somewhere in the year 2000; but if you then have to start over in early 2001 after having lost everything either your nest egg wasn’t big enough or there is something wrong with your money management skills.
Was left a bit disappointed after the Friday call. Elysium is apparently working on a 4th portfolio (Satoshi Strategies) where you can copy EA AI Trading Bots (which of course utilise “3-dimensional analysis)” on the crypto markets.
Stege misses the rush of day trading where you’re on the markets for 16 hours a day; he just doesn’t have the time for it these days, he’s working “100 hours a week” to run Elysium.
By chance, Wednesday we were told that about two weeks ago he finally was able to do some trading because all his analyses showed him a great trade was to be made. He could possibly show us on Friday, but alas.
We did find out that he is able to find these brilliant trades because he put in the hours in 2013, when he was studying blockchain for at least 8 hours a day, so now he just knows the crypto market inside out.
Maybe that’s why Origin didn’t become the company of the decade, too busy with studying blockchain in 2013 (and after having spent an undisclosed amount of time at the Goldman Sachs prop desk in the City to learn trading from the best in the years before that).
We were also told that what sets them apart is the fact that Elysium maintains the robots daily, which is what sets them apart from other forex bots.
“They just work for a couple of months, you can buy one for 199 bucks on metaquotes”. Cynical chap, that Stege. But what makes them unique and what has never been done before is that they “have it in the cloud”, “perpetually updated”.
I thought what set them apart form others was that they provided the links to the trades of institutional traders, in June they had links to funds with “4 billion assets under management”. In somewhat of a setback, Elysium today has “16 million” under management.
Anyway, still somewhat odd that out of the 7 people on the executive board, 4 don’t mention their jobs at Elysium anywhere but on the Elysium site itself.
flashback.org/t3259024 is rather less complimentary about Scott Lindahl (“En rätt trevlig men knappast smart kille som tragglat med MLMen Jeunesse tidigare” – A really nice but hardly smart guy who struggled with the MLM Jeunesse previously) and Elysium (“högst troliga bluff” – most likely a scam).
Summing up “Absolut inte en kille jag skulle låta investera mina pengar.” – Definitely not a guy I would let invest my money.
Linkedin shows us he is the founder of Future Logistics Sweden AB (allabolag.se/5568559974/future-logistics-sweden-ab); we can find the very same logo on https://elysiumcapital.se/, where we find out more about Apricitas Group, “a team of independently working Introducing Brokers situated worldwide, working closely with Elysium Capital Ltd.”.
teatmik.ee/en/personlegal/14281600-Apricitas-O%C3%9C tells us Apricitas OÜ is an Estonian company involved in transportation and storage (which seems to be Lindahl’s background before getting into MLM). It is owned by Scott and Kerli Lindahl, respectively head of CRM and financial controller at Elysium.
Odd, how does one work on the executive team of a company and independently (yet “closely with”) at the same time?
At that same addres (Tartu maakond, Kambja vald, Törvandi alevik, Ringtee 3-33, 61715), Kerli Lindahl’s company “NC Eurotax Real Estate OÜ” is registered as well.
That company is also involved in transporation and storage, added to that “Business and other management consultancy activities”.
For both companies, we can read “Activity licences or notices of economic activities not found”.
Really? That’s so old hat, his knowledge of the field is clearly stuck in 2013. All the smart money these days is made through n-dimensional longitudinal scalar quantum flux hypercubes, linked through a deep learning artificial neural network on a fifth-generation blockchain.
Cryptohyperdimensionality has the added advantage that the law hasn’t yet caught up with the technology, so it’s subject to neither regulation nor taxation.
That address is residential. More specifically: a depressing, Soviet-era apartment block.
The compliance officer should perhaps have a word with some of the promoters – some of them are involved with more than this one company and it might reflect badly on Elysium of you look at some of the other things they promote.
Why would they want to do that anyway, if they’re already on board with the business of the upcoming decade?
You get the feeling there are two categories of Elysium Introducing Brokers. Self-aware ones who treat it like any other pump and dump scheme and less aware ones who see it as a ticket to riches.
Network Maniacs (youtube.com/channel/UCxdX9Em4FOPAVQTBj7STnaA/videos), aka Elysiumallstars – the affiliate spreading false information – hasn’t uploaded anything regarding Elysium for 6 months.
He has apparently switched his attention to trustworthy schemes like Bitalium, MarketPeak, Buytex, P2 Power of Two, Cyberchain, Tomiex and D.AI.SY Fund.
Apart from access to Elysium, “Robert” at salesproject.co/en/ offers you access to not at all fishy looking schemes like Bitwala, Finalmente, Mirror Trading International, Ecoin, Maxous Lifestyle, Crowd1, Gold Rush Victory, FreeBitco.in and Wendav Limited.
On the other hand, you have people like becomemoneywise.com or en.larsreitan.no; who claims
Looking at w2.brreg.no/enhet/sok/detalj.jsp?orgnr=920158951; we find out that this gentleman’s company (Norwegian registry number 920158951) was registered on December 21, 2017; and is involved in “Melkeproduksjon på storfe”, which google tells me is “Milk production on cattle”.
Though the Oscar for most scam-aware Elysium promoter goes to elysiuminsights.com (“Bluff or not – Copy trading at its best”).
Norwegian company 920158951 could be the holding company (opencorporates.com/companies/no/920158951), a one man company dealing with the raising of dairy cattle.
w2.brreg.no/enhet/sok/detalj.jsp?orgnr=924707089 shows us that L.Reitan AS is a subsidiary company of that company, registered on March 5, 2020.
regnskapstall.no/kunngjoringer-for-lreitan-as-106633861S0 (and google translate) tells us “Engineering services in the construction and civil engineering industry. Investment of capital in real estate and securities.”
Over at the Norwegian financial supervisor, they haven’t heard of this man or company (finanstilsynet.no/en/finanstilsynets-registry/?q=reitan).
He may very well have been investing on his own for 14 years, unfortunately his investment company wouldn’t be able to take on any clients at the moment.
Over at elysiuminsights.com, we can be “copyying” a program supervised by “proffessionals”. Bypasser, is this you?
You guys, please believe this is not me. I want to forget and do nothing with Elysium.
I used to believe those guys, they make me liar and now i am the idiot with shame, they will not making me criminal.
Email received:
Whoever sent that email; that’s not the Elysium present at the Turning Torso; this Elysium AB seems to be a media company, founded in 1988 and based in Malmö.
None of the Swedes here appear anywhere in “our” Elysium’s documentation.
The Elysium reviewed here is not registered in Sweden. It consists of two companies, Elysium Capital Limited (registered in Hong Kong) doing the asset management (without regulation) and Elysium Capital OÜ (registered in Estonia) doing the ancillary services. Allegedly.
No one (I think?) claimed CEO Stege is Belgian; he used to live there in the mid-2000s while domiciled at a non-existing address in The Hague and later at presumably a relative’s place in Almelo. Before moving to Malmö via Mallorca.
After doing a tour in the Dutch army in Lebanon at the age of 16, he combined police academy and policing in the late 80s until the mid-90s, by which time he’d graduated law and finance and started business.
In the 4 years from 1997 until 2000, he built huge sales funnels, spent 9 years in the US and retired.
He lost everything by early 2001; it took him a decade until late 2002 to rebuild everything and achieve a staggering sales force downline of 210,000 people.
Allegedly.
You’re forgetting he combined his studies with working at the prosecutor’s office, while starting in affilate marketing in the early 90s; seeing how he’s got 30 years experience in the field right now.
It reminds you of how he combined his family office cum untraceable hedge fund in the early 2010s with Origin Pure and Origin Unite, while studying trading at Goldman Sachs and blockchain.
As for Mallorca, we’re still not sure when exactly he retired there; the place he claims is his home in his facebook background picture (as of February 15, 2012) wasn’t built until 2010 according to maxmallorca.com/object_detail.php?id=228
Or maybe real estate in Mallorca in another one of his endeavours, one certainly wouldn’t suspect him of stealing pictures or making outlandish unverifiable claimes.
On facebook, we can find “elysium-insight” under facebook.com/Elysium-insight-102423518315701.
We get an interesting glimpse of some trading results at facebook.com/102423518315701/photos/a.102436941647692/102739528284100/.
5 to 10 pips per closed trade with a profit of € 0.75 to 1.59; each and every trade giving Elysium a commission of € 0.27.
Losing trades are kept open. I hope for elysium-insight’s sake the GBPUSD and AUDUSD sell trades were hedged with a buy order at a later point, these pairs are some 600 to 700 pips higher at the moment.
If October 8th is a typical trading day for Elysium, then the gross profit of that day is € 11.07. After commissions 8.37.
Though there is a running trade with a loss of € 4.95 (add to that a commission of € 0.27), October the 8th gave him or her a profit of € 3.15 (8.37 – 4,95 – 0,27).
Considering Elysium’s monthly performace fee, that €3.15 is halved to €1.58.
One does get the feeling there is more money to be made in recruiting others than by copying the very conservative Elysium master account (lotsize of 0.0267 and never more than 10 pips before the trade is closed).
That’s not very spectacular compared to what you can earn by recruiting others.
We wouldn’t dream of thinking any external revenue is a pittance compared to what you can earn by recruiting a downline?
Weird how their Aurum Digital portfolio (which is at 11,467.07% since inception at the moment) reached an alleged 68.04% in July, yet since opening in August has done 2.09%, 3.11%, 0.98% and 1.63%.
It’s almost as if this group of highly experienced master traders can’t deliver, now that some sort of actual results are expected.
Fred continues to leave no footprint at all in Sweden. He does not turn up in any registers, meaning he has no registered phone subscription or address.
He may be living with someone who is signing the lease.
As an EU citizen he does not have to be registered. But it would limit what he can do.
For example signing an office lease. But I’m sure he has one or more middle men to handle this for him?
The new portfolio “Satoshi Strategies” apparently launched. As with all others, there’s a performance fee of 50%. This one also comes with a management fee of 0.16%.
Weird, I thought Elysium wasn’t involved in the offering of securities. The “quant signals” come from Elysium Capital, and the expert adviser is “Prop Desk Cloud”.
Who then gets the privilege of earning the 0.16%?
Anyone know which broker or exchange they’re using? Equiti doesn’t offer crypto trading.
Apparently, just boring old algorithms; on-chain analysis and synchronised cloud updates.
Algorithms are set based per quantitative analysis using severe back testing of data on technical analysis, momentum indicators, volume indicators, Fibonacci levels etc.
On-Chain Analysis API
Long – short scalp and swing strategies utilising integrated technical and additional on-chain analysis via integrated dynamic APIs from Glassnode, CryptoQuant etc.
The Satoshi Strategy EA trading bot is a “non compromise” trading bot strategy in use by the prop desk who developed and maintains it with synchronised cloud updates.
He’s got a Dutch passport and an Estonian e-ID, no idea which powers those give him in Sweden.
The company in the Turning Torso is Elysium Capital Limited, presumably it’s the Hong Kong firm leasing the office?
It is very unfortunate how there is no way of checking Elysium’s results anywhere (expect of course on their own site). The very little stuff we can find would almost lead one to think they are using a sort of Martingale strategy.
At youtube.com/watch?v=Q8u7up4a4oI, we can see the results Jonathan Platts (officer at Serpify Limited – find-and-update.company-information.service.gov.uk/company/10702257/officers) achieved over the last couple of months.
The return on investment for Alpha Linea is €0.24; the ROI for the Pinnacle Portfolio is €0. The participation amount is higher, seeing how he is in open trades. “My overall equity is about sort of break even”.
Could this mean the actual external revenue is virtually nothing compared to what the revenue form building a network is? Or that the trades are just hedged in favour of the Master Account?
I’ve tried to reach out to this gentleman before; he also runs tradewise.community/ and reviews on youtube (youtube.com/channel/UC7VmOx8DbvX4Rbrac2pPcjw/videos). My questions and comments somehow never make it past the editor.
Maybe he’ll read this and stop writing stuff like “I’ve seen their offices in Malmo first hand so I know they’re real. I don’t believe they say anywhere that they have offices/staff in HK.”
They did and do: imgur.com/a/NgRe6cN
But he’ll try to “fly out and have a meeting with CEO Fred” and “maybe meet some of the other team”.
Maybe they weren’t present when he saw the Malmö offices first hand, luckily he’ll have another shot at meeting 17 of the best traders in the world.
Strange, he uploaded the same picture on February 14, 2012; on May 31 of that year he claimed that this place is the “ORIGIN|Retrait Andratx, Mallorca.” (facebook.com/media/set/?set=a.3146356985310&type=3). You wonder whether these retreats ever happened, imagine having to invite your whole downline of a couple of hundred of thousand people there.
This place is Casa Coco (casacocomallorca.com/index.php/casa-coco/); Camí sa Vinya, 07141 Puerto Andratx, Mallorca.
(google.com/maps/place/Casa+CoCo/@39.5433631,2.4018547,3a,76.7y/data=!3m8!1e2!3m6!1sAF1QipMoA6EN-n3bG8cohLQzCdHfxDjSDbzA4nayoRnt!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipMoA6EN-n3bG8cohLQzCdHfxDjSDbzA4nayoRnt%3Dw203-h135-k-no!7i1000!8i667!4m5!3m4!1s0x129826cacfbb4f79:0xecedb701af3b0969!8m2!3d39.5438718!4d2.4028873)
According to tineye.com/search/1e9d6e01b1f86975fc2a07458cdaea51a217b9ee?sort=crawl_date&order=asc&page=2; this place has been used often for rent or sale. May of course be yet another of Stege’s business endeavours.
So a €2,100 investment gave him a return on investment of € 0.24 in two months (the review of Elysium starting at 9:10 in youtube.com/watch?v=Q8u7up4a4oI)? A percentage of 0.0114…
Whereas convincing someone to become an affiliate gives you a direct commission of €25, and convincing someone to become an IB nets you €100. (But wait, there’s more! You also the cut you get on the winnings of all the people you enrolled and on those of the people they enrolled. Just imagine getting 2.5% on the 8th level of 0.0114 percent!)
It does make you wonder whether more money can be made in Elysium by recruiting others or by copying the Elysium trading bots. Which would be the difference between a pyramid scheme and an MLM.
We were told on November 25 in youtube.com/watch?v=jA00K-SPJbw&s
Very curious about that interview! Seeing how Mr Platts gives a “100% Honest Review From A Real Member”, I’m hoping for a critical and unbiased interview.
He must have read this article as well, unfortunately he’s struggling a bit:
or
Bit harsh, that!
At no point did anyone here call it a “poinzi” scheme (the word ponzi appears once with regards to NXIVM). Small unfortunate mix-up with Yieldnodes (which is another scheme he’s promoting). Most of us are “substatiating” our claims, aren’t we?
There’s no such thing as a “100% honest review” from scam participants.
Either they’re presenting false information out of ignorance, or they’re doing so deliberately because money.
Mr Platts writes Elysium “use Equiti and Multibank as their independent regulated brokers”. Must be true, if it’s coming from a 100% honest source.
Gone are the days when Elysium was “working with authorised prime brokers and liquidity providers registered with the Swedish Financial Supervisory Authority (FSA)”.
multibankfx.com is the homepage of the Multibank FX International broker. Regulated by the FSC of the British Virgin Islands. (The broker is not regulated anywhere in Europe (registers.esma.europa.eu/publication/searchRegister?core=esma_registers_radar&keyword=multibank); the name Multibank is known there for an unrelated financial institution in Panama.)
The Multibank Group acquired the regulated German asset management firm Fortinbras Asset Management in late 2017. That firm was then rebranded as MEX Asset Management GmbH as of January 1, 2018. mexeurope.com/mexam-approach/ is quite vague; though the firm is known and regulated as asset managers (registers.esma.europa.eu/publication/details?core=esma_registers_upreg&docId=ae6518)).
Unfortunately, Elysium clients don’t send their money to Mex Asset to then be manged by them; multibankfx.com/open-forex-account/funds-deposit-multibank-fx-ltd shows us that they send their money to MultiBank FX International Corporation, based at Craigmuir Chambers, Road Town, Tortola VG1110, British Virgin Islands.
Odd, the factsheet on the Elysium websites mention Pinnacle made a profit of 3.95% and Alpha Linea 2.00%. He only started coyping on October 14th, so he may not have gotten the same results as the master that month. But from November onwards, his results should be the exact same as the ones Elysium claim.
We wouldn’t dream of thinking Elysium’s alleged results are fabrications. Or does Elysium just make sure all clients are in a form of permanent drawdown, so that there is never a good time for a customer to close trades and cash in the profits?
Looking at the video on full resolution I think you got that wrong; you’re underselling Elysium! It’s pretty clear that his ROI is EUR 0.26 (a gain of 0.012 %).
His EOS gives him a whopping 0.04% for November in Alpha Linea. October and December so far 0.00%; giving him a total ROI of 0.04%.
Odd, Elysium claims 2.00%.
The Pinnacle portfolio gave him 0.00% since he started copying on October 14th. Let’s take into consideration that he only started in the third week of October, which may be the cause of him not reaching the 4.17% claimed by Elysium for that month.
Maybe his 3.95% November result was immediately reinvested in new trades. But why doesn’t his EOS dashboard show that then?
Oh.
The disclaimer on both the Capital and the Network websites now reads “Elysium Capital Limited, its subsidiaries or group companies, do not provide business in Hong Kong and to Hong Kong clients.”
Strange, where do they provide business from then? Allegedly the cloud I suppose; but should anyone have a dispute with them, which jurisdiction would that be?
Odd, search.gleif.org/#/record/984500CB3M451FAZ0914 says that Elysium Capital Limited’s headquarters are at
NO. 5, 17/F, STRAND 50 50 BONHAM STRAND
Hong Kong
As they have been since the registration date of August 5, 2020.
Still wondering how these institutionals worked with the prop desk of an alleged “MiFID-compliant” company which has been trading with its own money since 2010 got away with not having an LEI until then.
Unfortunately, we don’t get to see results of the Satoshi Strategies portfolio.
Having opened mid December and seeing how Bitcoin and Ethereum have more than doubled in price since then, master traders with decades of experience must surely have been able to make several killings by intelligently leveraging cryptos.
In a post from yesterday (facebook.com/fredstege/posts/10222260181800912), he rants about how “of course some amateur websites were so eager to publish us as a ‘scam’.
Funded by click throughs via Russian mail brides banners and crypto scams. Which should tell you enough about their readers… They will never admit it and will keep to slander us. Its there (sic) business model.”
Did I miss some websites with mail brides banners?
Looking at eToro’s Terms and Conditions, we learn that a copy trading service is a limited form of discretionary investment management (3.4 in 1mr3lc1zt3xi1fzits1il485-wpengine.netdna-ssl.com/wp-content/uploads/2021/01/eToro-EU-Terms-and-Conditions-Updates-6.1.2021-1.pdf). Which means that professionals offering a copy service through an MAM service have to be regulated.
That is why a broker like IC Markets require their MAM account operators to have a “Financial services license or legal opinion in the operating jurisdiction”. (icmarkets.com/global/en/forex-trading-tools/mam-pamm)
Elysium found less demanding brokers in Equiti and Multibank.
Before those were found, their broker of choice was Scandinavian Capital Markets (who also offer an unregulated investment portfolio under scandinavianasset.com).
You do get the feeling Stege got his ideas there (the disclaimer on the Capital website is more or less copy-pasted from there), right down to the banks Elysium originally mentioned: Nordea, SEB and Swedbank (which he now apparently slanders further on in his rant).
Elysium did choose another lion on the site and changed “investment” to “participation”.
But hey, like he claims “It’s time we get back to honesty and integrity”. Just waiting for proof that Elysium actually generated 11,775.91% in 2 years and 3 months, I can’t wait to invest. (Sorry, participate.)
Unfortunately, I still have to make do with some youtube videos like youtube.com/watch?v=jA00K-SPJbw, where Jonathan Platts informs us “The 2 portfolios I’ve been in since the beginning are doing nicely and I’m about breakeven factoring in open trades.”
So he’s still not doing better than breakeven since August? Meaning that there is still no external revenue to speak of? Meaning the only way of earning anything is by recruiting? Meaning the figures on the Elysium website are lies?
Still odd how that video shows that “Pinnacle Portfolio ROI since inception” has 5 negative months (0% giving a black month; though 0% over the whole year gives a turquoise “positive” year).
Though the Elysium site gives figures of 4.79; 5.94; 4.17; 3.95 and 5.23 for those months.
Odd how that video shows that “Alpha Linea ROI since inception” has 4 negative months of 0% and one month (November) of 0.04%.
Though the Elysium site gives figures of 2.74; 6.68; 4.19; 2.00 and 8.41 for those months.
There was a new video uploaded on January 27 (youtube.com/watch?v=0wdbBTuxy2A), he talks about Elysium from 8:52 to 13:55.
At around 10:28, we can see that his €600 investment in Alpha Linea is worth some €427 at the moment. By my math, that’s a loss of some 28%. His balance may be higher, which it obviously always is if you keep losing trades in the market.
From 11:00 onwards, we hear he invested €1,500 in the Pinnacle Portfolio. “Today” (which should be January 26 or 27) it is worth €1,441.46. Which is a loss of some 3.8%.
There too, the balance is obviously higher (the resolution isn’t high enough for my eyesight – floating P&L is 490-ish?). He’s at “a point where I expect it to roll over into an overall profit on the equity side”. Oh dear.
So not only is there not the slightest hint of proof of the historical results (or of the mere existence of the Elysium Capital prop desk before August 5, 2020); the current results are lies as well?
Elysium don’t even bother to lie convincingly in their own back office.
In youtube.com/watch?v=Q8u7up4a4oI from 9:20 onwards, we can see that he started to invest on October 14 in Alpha Linea and in Pinnacle.
Elysium publishes that Alpha made 2.74% in Aug and 6.68% in Sep; whereas Pinnacle allegedly made 4.79% in Aug and 5.94% in Sep.
Even considering that his figures for October may not be the same as he’s got only half a month of investing and that there may be some discrepancies in later months because of possible older running trades missing in his particular account (even though Elysium claim that “Most positions are intraday thus squared-off before the market closes”); why does Elysium’s own back office say 0% for August and September when their portfolio factsheets say something different?
“Lägg på det till en grundare som ljuger som en häst travar.” flashback.org/t3259024 (Add to that a founder who lies like a trotting horse – which I just learnt is a Swedish expression for somebody who lies until it becomes absurd (sv.wikipedia.org/wiki/Lista_över_svenska_liknelser))
Oiggio BVBA was declared bankrupt by the Antwerp commercial court on May 8, 2012. The Belgian Official Journal confirmed that on May 16, 2012. (Can be found on ejustice.just.fgov.be/tsv/tsvn.htm; company number 0892.190.063)
That very same May 16 of 2012, Stege is appointed as director and sole shareholder of Origin Pure Corporation LTD.
That company doesn’t seem to have done much until being struck off the register on January 7, 2014 (find-and-update.company-information.service.gov.uk/company/08071834/officers)
The Belgian journal gives Bornestraat 78/8, 7607 KS Amelo as his address (sic – it should be Bornsestraat and Almelo); the English journal gives Sweden as his country of residence.
Whereas his own facebook page says that his home town is Palma; his background picture of February 15, 2012 claims his home is this mansion in Andratx.
Maybe just didn’t get round to informing the Belgians about his move; or perhaps didn’t bother, knowing how he’d be moving to Sweden soon.
Seeing how busy he has been with Origin, Jeunesse and his top secret institutional fund over the past 9 years, one can’t reasonably expect him to keep his facebook up to date. Or his LinkedIn, which still says Antwerp Area.
facebook.com/fredstege/videos/10218848876880421 from December 9, 2019; shows ut it definitely exists.
Nobody denied the existence of that office, some of us thought it strange that their documentation used to say that their offices were in Hong Kong (Capital) and Estonia (Network).
On May 26, 2020; the Malmö office has been furnished somewhat (facebook.com/fredstege/videos/10220454042088548).
One does wonder whether this place is big enough to accommodate (the equipment of) 17 top traders who are on the markets 24/7; taking into account you’d have to fit Stege, Masih and Larsson somewhere in there as well.
Unfortunately, one can only visit the Malmö representative office by appointment. Would love to see the hustle and bustle of 17 traders disrupting the financial world.
Maybe someone could make a video of that bear pit?
Until a video like that could be shown, one does think Elysium consists of a (couple of) schmuck(s) who bought a trading bot online and weaved a spectacular web of lies and a pyramid scheme around it.
They are no security in the sense that you don’t buy a share in Elysium; the fact that Equiti does not have regulatory permission to manage the investments on behalf of others (support.equiti.com/hc/en-us/articles/360014376098-How-can-I-join-the-Money-Manager-program-) proves that it is Elysium who do that – literally a securities offering. Without regulatory permission.
Which does lead one to think that the disclaimer “Elysium Capital LTD and/or its subsidiaries are not directly or indirectly involved in the offering of securities” might not be entirely correct.
On his Friday call, Stege informed us Aurum Digital and Pinnacle got hit. But he’s “confident it will restore itself”.
Alpha got hit the hardest, “nobody saw it coming”. None of the alleged 17 top traders with decades of experience saw it coming?
Good thing there is Satoshi Strategies, but unfortunately we don’t get any results on the call or at elysiumcapital.io/media/ELYSIUM+_+CAPITAL+LIMITED+-+Satoshi+Strategies.pdf
Just 17? Then why does the capital website say “350 staff members”?
How long will Elysium clients keep believing these fairytales? I could imagine not giving a damn about regulatory permission if you’re earning, but when does it start to become obvious Stege just wants control over your money and earn commission on the trades?
I guess Stege answered that on his Friday call – presumably until August.
Apparently clients who have been in Alpha Linea (which was hit the hardest by completely unforeseeable market circumstances, which the algorithmic bots can’t anticipate of course) are down.
The prop desk then allegedly had to hedge that portfolio because reasons.
But “your account is safe”, “it will not be stopped out or blown up”. He’s been in touch with the alleged prop desk and “they can turn this around”.
Once USD starts behaving the way Stege expects it to, then you’ll see profits. These will come later of course (he expected the turnaround earlier), but they will come.
Markets allegedly always turn around. And if they don’t, he’ll have earned nicely on trade commissions.
You should stay in for at least a year, “this will turn around” by August.
Let’s see whether the markets can stay irrational for longer than the Elysium clients can stay solvent. Equiti will stop you out when your equity falls to less than 30% of the used margin.
(support.equiti.com/hc/en-us/articles/360014479718-What-is-the-stop-out-level-on-my-managed-account-).
The figures on the Elysium site allegedly are the results form the master account, where only the closed profit is taken into account.
I hardly think that’s how balance sheets work though (not even taking into account the fact the Elysium master account probably didn’t exist before August 2020).
Still no trace of any 3rd party audit anywhere. Huh.
3rd-party audits aren’t necessary because no security has been offered, Jonas.
Haven’t you been paying attention to the company line? It’s all part of Fred’s magic formula of impossible résumé claims and public offers of passive investments that are somehow not securities.
You can trust Fred Stege; he has an office. It’s in Sweden.
Odd, I would have thought Elysium Capital Limited being the asset manager of the portfolios at Equiti and Multibank would constitute a securities offering.
mql5.com/en/job/89220 now tells us “Unfortunately, the job has been deleted.”
That’s pretty inconsiderate towards future historians.
Imagine wanting to write the history of how, when in the 3rd decade of the 21st century the whole world was uncritically following the crony capitalists to the neo-communist slaughterhouse, a plucky little company from Sweden managed to save us all from certain doom by disrupting the world of finance; and then finding out all traces had been deleted every time someone coughed on an amateur blog.
“We develop trading bot signals per quantitative analysis. Clients engage our EA’s to execute their trades via their preferred 3rd part brokerage”
The only way that wouldn’t be a securities offering would be if Elysium just provided the software, and then left it to the customer to manually adapt the settings in the bot ( “Cloud Operated – Perpetually Updated” on the capital website).
Clients ( “We do not have direct clients” on the fact sheets) have to go to the broker Elysium refers them to; they can not use these bots at any broker they’d prefer.
Would this mean that these bots only work when Elysium Capital Limited operates them on behalf of the clients?
I guess “Participants have full control over entries and exits” from the disclaimer may be their way of trying to weasel out of being a securities offering.
By the very nature of a trading bot (or by copying a master account using a bot), a customer (sorry, participant) has no control over the entry of a trade.
Just a representative office though; which one unfortunately can only visit by appointment.
Would that be Stege activating the bot on Sunday evening; 17 people with decades of experience working on the markets day in and day out; or the 350 staff members the website now claims? Just how big is that office in the Turning Torso?
Neither the terms of service nor the terms of use mention anything about an office anymore. Registered address is in Hong Kong. Do they still claim to be “MiFID-compliant”?
esma.europa.eu/databases-library/interactive-single-rulebook/clone-mifid-ii/article-5-0 stipulates that
Good thing they say they are not involved in the direct or indirect offering of securities. Must be true, if you have a Swedish office.
I invested in 4 of Elysiums funds in November 2020 (Approx 10k EURO). By 19th February 2021 all had lost money.
Trading activity as shown in reports was erratic and uncontrolled. Loosing positions were left to accumulate continued losses.
No evidence of risk management and profitable positions were closed for very small profits.
Avoid this organisation something is definitely not right.
I’m sorry to hear that; could I be so bold to ask you what your Equiti overview says for “Net Change” (“Absolute”, “Monthly” and “Daily”)?
Does that show percentages or figures? Which must presumably be negative then?
Elysium have only been showing positive numbers on their fact sheets for more than half a year, which can only be lies then.
From youtube videos, we can see Elysium’s EOS dashboard just says 0% for ROI and gives a vague number for “Participated Portfolio Amount”.
These negative positions must be the positions the alleged trading desk will allegedly hedge later on I suppose? “They can turn this around.”
Might you have more information about whether these 17 alleged traders with decades of experience at Goldman Sachs or Merrill Lynch actually exist?
Should get back to my mate; he’s a bit ashamed to have gotten wrapped up in this, but if more people start to have doubts on Elysium, he might get a class-action started.
This is not just an investment which may turn sour and then tough luck to anyone who invested; they solicited funds by lying about their track record. A case could be made against Elysium and whoever introduced you to them for misleading you.
There may be a market for that. Just checking the Trade Wise review under youtube.com/watch?v=jA00K-SPJbw ; where user “Hoot 666” just informed us that
Seeing how Mr Platts’ youtube channel seems to have some unfortunate issues with comments disappearing, I figured I’d post it here. Screenshots taken should this one disappear as well.
Response by Mr Platts
That’s a drawdown of about 85%. Ruh-roh!
Oh well, they’ve got 17 master traders to turn this around.
In tonight’s webinar; we were informed that one shouldn’t worry, “the prop desk is on it, so everybody’s focus is on that, here at the prop desk”; “some of you sent me acreenshots, got about a few hundred of those, so I know we had a drawdown today, but everybody’s on it, more news on that on Friday.”
A new culprit was found: “It can reverse, especially with the GBP that is to go down. And it will; and you gonna see as fast as it went down as fast it goes up. So if that market swaps, you know you gonna see the different direction.”
In totally unrelated and believable news, his facebook account was hacked. Bit sloppy that, for an internet pioneer.
Bit puzzling as well for someone who’s heading a company selling “Xoom” (“The platform is built on the highest security standards to provide a fully encrypted and data isolated service.
This makes it the preferred solution for the financial sector, where security in communication is extremely important.”) and “SoHO” (“designed to help IB’s to realise the benefits of social media marketing, even those with little social media experience, while still proving the social media savvy with tools to improve their digital marketing strategies”.)
Still no news unfortunately on when “SoHo” becomes operational. If not even the visionary founder’s social media is safe from hackers, what chance do the rest of us have?
Does anyone know how you could find this in webarchive, google cache or a comparable service?
If you put mql5.com/en/job/89220 in google, you still find the link as the first result; but clicking it tells you the job has been deleted.
The second result gives youtube.com/watch?v=nCsVqS5GxBY; where someone called “Gundel Gothica” had the foresight to upload that webpage on January 7.
Pretty big if… GBPUSD is up some 100 pips today; looking at the weekly chart on the longer term, it looks like a textbook inverse head and shoulders.
If it reaches the levels around 1.43 it reached late 2017, early 2018 before dipping; I can see it breaking through, either towards the 1.58 resistance level from May 2015 or maybe even the 1.715 from June 2014.
Or if you’re lucky enough to know you have a couple of 100 clients with sell orders in a huge drawdown, just hunt the stoplosses yourself.
Oh come on. I understand that in Stege’s position, you should have an exit strategy prepared, but puh-lease.
I see your “no security has been offered” with the description of what is the probably the white label software Elysium use for their MAM accounts under launchfxm.com/forex-multi-account-terminal-for-mt4-mt5.php
I’ll raise you with a comment from “Viraj Pala” on Mr Platts’ latest youtube video (youtube.com/watch?v=MY6Ey0G7_ww)
Though Stege clearly says the clients are in full control. He has an office. It’s in Sweden. It exists.
Going through some old notes; as evidenced by imgur.com/a/EgeEW62 the Elysium Capital disclaimer said (August 2020)
Whereas today that disclaimer reads
Point (7) has mysteriously disappeared. Did their modus operandi change and is the setup no longer a master account? Which is contradicted by just about every factsheet they publish.
Clients may very well use Elysium’s trading bots at their own discretion (the fact that Elysium operates them makes this a passive investment), the bit about full control over entries is a blatant lie.
Looking at “Viraj Pala”‘s comment, the bit about full control over exits seems to be a blatant lie for the crypto portfolio.
Looking at more comments on Trade Wise’s videos, quite a few people are considering cutting their losses and leaving at least the Alpha Linea portfolio.
No prizes for guessing which party will snap up the low value positions on the cheap.
That didn’t change, though their factsheets now contain the disclaimer that
But participants allegedly have full control over entries and exits? How does that work from a slave account?
Pretty misleading as well, attracting investments for more than half a year claiming the results on the website are the net performances clients will get; and then adding such a disclaimer as an afterthought.
elysiumcapital.io/media/ELYSIUM+_+CAPITAL+LIMITED+-+ALPHA+LINEA.pdf shows us Alpha Linea has had 100.00% winning months so far, and a maximum drawdown of 0.00%
Some participants do seem to have had different experiences.
Reaction from “JF” to Platts’ latest video
Maybe JF just has the same problem quite a few people have – they just don’t understand that having an office in Sweden absolves you from needing a securities license.
Some reactions on tradewise.community/elysium-capital-review/
“Jonas” (not me)
“Dan”
“Mark Waschkowski”
“Hoot 666” on youtube.com/watch?v=MY6Ey0G7_ww
“They” were trading? But the disclaimer clearly says they aren’t involved in the direct or indirect offering of securities?!
Can this mean anything else than that Elysium decided to enter the gold trade? Might just be a misunderstanding on the part of this particular client of course, maybe he just forgot he is in full control.
Simplest solution might just be applying Occam’s Razor:
“They” have been quite busy; some updates from the visionary founder on Friday’s call.
Not claiming to be a professional trader with decades of experience, but what on earth is “foundational scalping”?
A “sort of a swing stop loss strategy”? Does he mean a trailing stop loss?
Seriously? There was an “uptick” from 20k to 60k from mid December until mid March; how much more of an uptick do these alleged professionals need?
Must have been something like that. Google translate helped me in reading a Polish article from 2008: networkmagazyn.pl/na-drodze-do-sukcesu-wywiad-z-szymonem-grabowskim-i-fredem-stegem-ndash-wspolzalozycielami-firmy-vemma-europe-ltd/
Here, we find out that Stege built his sales network in the US and then took a break of a few years after 14 years of hard work. Some of his earnings were invested in “marketing agencies that provided my network organization with tools – books and the like.”
Szymon Grabowski has been working together with Fred since 2001 on other joint projects.
Stege’s 1st retirement really can’t have lasted for much longer than 4 hours.
14 years of hard work and a break of a couple of years by 2008 would put the start of his business endeavours in the early 90s (as opposed to 1997 as per his own book). While being a policeman, simultaneously working at the prosecutor’s office while achieving his law degree on the side before getting his finance MBA.
Back in 2008, he was attaining a second law degree at Harvard Business school; while simultaneously living in Mallorca and developing that payment processing firm which was later anonymously sold to Deutsche Bank and paving the legal path for Inc 500 companies coming to Europe.
The interviewer was lucky Stege was able to take some time out of his busy schedule to give that interview.
Or perhaps interviewer Katarzyna Wagner hugely misunderstood Stege in that interview, which led her to spread misinformation.
Such misunderstandings do seem to befall Stege quite regularly. Geniuses are often tragically misunderstood in their own time.
There was an alleged glitch on May 7, which severely impacted trading in 3 of their portfolios. Alpha Linea seems to be blown for every investor, Elysium halted trading in the other 2 portfolios on May 18 and apparently no longer work with Equiti.
Weird, considering the client is allegedly in full control.
One wonders which excuse they’ll use to stop the Satoshi Strategies at the other brokerage.
On youtube.com/watch?v=17veGK57Z2A, we get the monthly overview of Trade Wise’s trustworthy schemes. Elysium is discussed from 24:07 onwards.
Alpha Linea got a margin call, was stopped out by the broker and went from €600 to €50. Over 90% loss.
Going from €1.5k in Pinnacle to €500 means a 66% loss. 17 master traders with decades of experience achieving 1,800% net over 11 years losing two thirds of the assets by a glitch at a non-dealing brokerage.
Well, there’s inspiration everywhere. Human error? Brokerage unsatisfactory? Trader going rogue? Software glitch? Elon Musk tweeting the wrong thing?
No mention of Malmö anymore on facebook, though he is still from Palma on there; on LinkedIn his location now is “The Netherlands”. The “ELYSIVM | MUTUAL Stege – Beaufort office” where he had been the “Principal” since 2010 has now been rebranded as “ELYSIUM INSIDER R&A” (of which he still is the principal today, as he has been since 2010).
What may have gone wrong at the billions in assets-under-management Stege-Beaufort office? One wonders what happened to all those accredited investors.
Fucking scammers. I was attending every webinar,…trusting in safety of the system.
We were lied and deceived all the time. Screw him and this fake company.
The same link tells us now that Elysium’s legal address and headquarters are still there.
Though the LEI’s status is now given as lapsed. Should have been renewed on August 5, 2021. I’m beginning to think Elysium isn’t as “MiFID-compliant” as they always claimed to be.
Don’t screw him, sue him. Got in touch with a couple of Belgian victims who are working on a website to gather information and people to start civil proceedings.
Statute of limitations is 5 years in Belgium, so there’s more than enough time to make a move (any EU citizen could join in as well).
Back in the early 2000’s (when we still paid our coffee in Dutch Guilders instead of the Euro), Fred promoted one of these telecom MLM’s in the Netherlands.
I don’t recall whether it was Euphony or the other that was quite big at the time. He had a background in the police force, although I am not sure whether he had been in active duty or had just started.
His educational stories are complete bogus. The Faculty of Law at the Universiteit Leiden had no equivalent of the LLB program until the complete effectuation of the Bologna process at the University.
Even though the Bologna process resulted in an agreement in 1999, implementation had to be completed in 2009. Leiden University first finished its regular traditional law courses and then implemented the bachelor/master structure.
The MBA program at the University of Amsterdam (where Fred’s Linkedin profile claims it was an EMBA – which stands for Executive MBA) is only offered after a Bachelor diploma was awarded.
In the period 1994-1996 the University did not offer this program (just call the UvA and ask them) and the law did not require dispensation for underqualified students.
That comes to the point that Fred potentially finished the first part of his law studies (which I doubt) the ‘Propedeuse’, in Dutch referred to as just P. The Propedeuse is the groundwork of the old and traditional Dutch law studies after which specialization can result in a diploma and title.
Article 7.10a of the ‘Wet op het Hoger Onderwijs en Wetenschappelijk Onderwijs’ (the Dutch Law on Higher Education and Scientific Research) exclusively allows students who have received a degree to hold the title and prohibits abuse.
If you want to be sure that Fred has a title, you can either contact the Universiteit Leiden direct, or de Dienst Uitvoering Onderwijs (DUO) to request further information.
Last but not least, the Program for Leadership Development at HBS is not a degree program. It is also not a Post-MBA program. It is a course like any others.
Yes, at Harvard Business School with the same faculty but is does not contain tests or casework. It is a passive learning environment where students cannot fail.
… I just hate it when people take advantage of others by false statements.
Huh, didn’t he retire in 2000 or 2001? Or did he promote that mlm from out of the US, must have been during his 9-year stay there?
Or was this his ticket back to riches, after having lost everything by early 2001, after having created 7-figure results 6 separate times before the age of 30?
Is anyone still arguing this is legit? They rugpulled. I didn’t even see Herr D’s respond until now.
If Herr D wanna come to Hong Kong and physically show me and the HK police their office, I am game.