Ventus Energy took €82 million from retail investors without a licence, until Germany’s financial oversight authority Bafin ordered it to stop and immediately repay all German investors. Now it offers …
Articles
How to Vote No on the Ventus Restructuring Plan and File an Objection
New here? Read my investigation of the plan first: https://www.karsten.me/money/ventus-restructuring-recovery/. Everything below builds on it. Voting no is not enough. If the plan gets its votes, a …
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Millea: A Morally Bankrupt Pitch for a Figuratively Bankrupt Business
Millea is a new platform advertised to P2P investors that seeks funds to finance Baltic supermarket projects, with daily interest accrual. SIA Nelle, the supermarket business acquired by SIA Millea on …
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Olaine’s Gas Plants: 74% Off, Still No Takers
In March I wrote about the Olaine gas-plant loan Ventus founder Jānis Timma personally guaranteed and his later pitch to buy the plants for an energy holding. The holding company, SIA Olaines …
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Ventus Updates
In the last few weeks a published a number of updates regarding Ventus. You'll find links to them below. Going forward updates will go out (again) as new posts are published. An In-Depth Guide …
Recovering Money From Failed P2P Lending Platforms the Hard Way: Envestio and Kuetzal
My previous Crowdestor recovery case study covered the budget version of debt recovery. One investor pursued operating borrowers directly, without first trying to take control of a failed platform or …