inturdesting

[9:10 PM] Paul Warburg: hey
[9:11 PM] Paul Warburg: What do you know about Seb and his banks?
[9:12 PM] Psweet: I know he has stupidly high assets from investing his personal wealth into it, and that their structure is very decentralized with their people earning commission or something
[9:12 PM] Psweet: that's about it
[9:13 PM] Paul Warburg: Not exactly the whole truth. Each bank is funded with a different group of people's funds. I believe EB is the one where he uses his own funds
[9:13 PM] Psweet: he has more than one?
[9:14 PM] Paul Warburg: Yes
[9:14 PM] Paul Warburg: See his post on the forums
[9:15 PM] Paul Warburg: Each bank is its own entity, and there's supposedly no true parent company
[9:15 PM] Psweet: interesting.  Why's he do it that way?
[9:15 PM] Paul Warburg: Going to come around to answer that
[9:15 PM] Psweet: alright
[9:17 PM] Paul Warburg: Each bank is marketed to a specific group of people. One for his alliance (Hogwarts), and others for different groups of people. His old customers goes to EB regardless which market they would fit under. (note that)
[9:18 PM] Paul Warburg: To draw customers in, each bank offers low rates for its desired target market
[9:18 PM] Paul Warburg: 2% interest rates from what I hear
[9:18 PM] Paul Warburg: within that ball park
[9:20 PM] Paul Warburg: Also to note, his financial records is kept private. (uses excel, doesn't upload any statements, no transparency)
[9:20 PM] Psweet: that I did know
[9:21 PM] Paul Warburg: His investors are paid by the bank from which they invest in... However, there's a problem
[9:22 PM] Paul Warburg: His actions, coupled with known facts, makes it seem pausible something bad is occuring
[9:22 PM] Psweet: may I ask which actions and which facts?
[9:24 PM] Paul Warburg: Financials kept private, extremely low rates, the likely overstated banks he has, admittance to not understanding basic accounting, the plethera of banks he operates to some degree
[9:25 PM] Psweet: hmm
[9:25 PM] Psweet: yes, it's plausible that something bad could be happening, but none of that actually makes it likely
[9:25 PM] Paul Warburg: He's operating a cartel at the least, likely comiting fraud to some degree,, and maybe there's a ponzi scheme
[9:25 PM] Psweet: no anti-trust laws in Orbis, sadly
[9:26 PM] Psweet: you don't really need to know accounting to run a bank.  I do it because I was an accounting major for practice and fun
[9:28 PM] Psweet: also I need to use the bathroom, but I'll be back.  Feel free to say what you need to say, I'll read it in a bit
[9:28 PM] Paul Warburg: ...do you realy believe some guy in Argetina is operating several banks apparently worth over 6b each and being honest about him?
[9:28 PM] Psweet: he's argentinian?  I thought he was croatian
[9:28 PM] Psweet: ...wait no, that's DragonK
[9:29 PM] Paul Warburg: Born in Argentina, lived in the US for a while, but had a job that allowed him to see various parts of the world. Then moved back to his Homeland since US cost of living is so expensive
[9:30 PM] Paul Warburg: Anyways, back to the subject
[9:32 PM] Paul Warburg: Each person who works for him, gets paid a static amount (based on what I understand) per week. Not really a big deal. He makes "nothing" from his banks. (persumbly to reinvest it to his banks, but interesting nonetheless)
[9:37 PM] Paul Warburg: Since he operates the banks, its safe to assume that some of the funds is funneled through his nation,  but there's no major investment in his citty within the last 2 months. (a 45m project and a probaganda project)
[9:39 PM] Paul Warburg: Since he cares about his alliance, and its apart of his alliance's strategy, he funds his alliance's growth so they all are on the same tier (war purposes)
[9:41 PM] Paul Warburg: He uses his alliance's bank to store money. But looking at his bank records from his nation, I'm noticing something odd
[9:42 PM] Paul Warburg: On January 29, he sent 1,283,500,000.01 to the bank.
[9:42 PM] Paul Warburg: ON ONE TRANSACTION(edited)
[9:43 PM] Psweet: 1.2 billion
[9:43 PM] Psweet: impressive
[9:43 PM] Paul Warburg: correction, 1.2b sent to his nation
[9:44 PM] Psweet: did he buy anything with it?
[9:44 PM] Paul Warburg: hard to say.
[9:44 PM] Paul Warburg: There's a ton of transactions for one day
[9:45 PM] Psweet: what's your theory?
[9:47 PM] Paul Warburg: Short version is that he's tunnelling money from various banks to meet demands. (cheating investors out) and using a cartel to keep a around 70% of the market on his banks
[9:47 PM] Paul Warburg: maybe 80%
[9:48 PM] Psweet: the long version?
[9:52 PM] Paul Warburg: He's helping on inflating the monetary corrency, while keeping the true assets in a selective group of people, though not his investors. His investors make around .20% or less of the truee, anticipated profits
[9:53 PM] Psweet: now that's interesting
[9:53 PM] Paul Warburg: Then he keeps a majority of the market to himself to keep everything beneficial to his banks
[9:54 PM] Psweet: now, a more difficult question
[9:54 PM] Psweet: why tell me this?
[9:54 PM] Paul Warburg: Very easy question tbh.
[9:54 PM] Paul Warburg: Your more connected, and we both could benefit financially from this if resolved
[9:55 PM] Psweet: you may be disappointed at my connections, I fear.  SO has not advertised as well as it should have the past six months
[9:56 PM] Psweet: outside of BK, where Seb isn't working anyhow, I have very few who will speak to my trustworthiness
[9:56 PM] Psweet: Josh may fare better
[9:56 PM] Paul Warburg: Again, everything is in its infancy, so you'd have time to prepare.
[9:57 PM] Psweet: what exactly are you hoping for me to do?
[9:59 PM] Paul Warburg: Help, and become involved in damaging his banks internally and externally while keeping the masterminds off the radar.
[9:59 PM] Paul Warburg: Basicly help espionage his banks in a complicated way
[9:59 PM] Psweet: this would be so much easier if we could just audit his bank
[10:00 PM] Paul Warburg: would be if he were willing, already tried that avenue
[10:00 PM] Psweet: hmm
[10:00 PM] Psweet: should we just try to get that banking oversight committee back up?
[10:01 PM] Psweet: that could let us get info or perhaps even demand that he open his bank's records for auditing
[10:01 PM] Psweet: after time, of course
[10:03 PM] Paul Warburg: Worth a shot, but its very unlikely considering there's not really an initiative for him to participate without exposing ourselves
[10:03 PM] Psweet: yeah.  We'd have to invest in it to get people to actually pay attention to it and trust it
[10:04 PM] Paul Warburg: ^just become like princess and invest in 10 or more ads about it
[10:07 PM] Paul Warburg: On a normal month, thats 50-60m of expenses. (unless its the first one, than it goes to75-90m
[10:13 PM] Psweet: that's a lot of money
[10:15 PM] Paul Warburg: There;s a high reward, and that's total cost, and the persumative action would be to share the expenses
[10:15 PM] Psweet: I was not impressed the one and only time SO purchased an ad for itself :p
[10:15 PM] Psweet: most customers were tiny and stupid
[10:18 PM] Paul Warburg: I hear that, but we would be running a political like ad, if any ad what-so-ever, where the goal isn't to glorize your bank, but to cast a dark shadow to the other bank (in the case, Seb)
[10:19 PM] Psweet: hmm
[10:19 PM] Psweet: we'd need a couple degrees of separation so it's not obvious that it's us that's doing it
[10:21 PM] Paul Warburg: Yea, but create a plan, and I'd invest in additional resources in case some politics comes out due to this.
[10:22 PM] Psweet: I will talk to Josh about this.  He's much more anti-Seb than I am, so I'm sure he'll be all in favor of this
[10:22 PM] Psweet: I'll let you know what decisions we come to
[10:23 PM] Paul Warburg: Alright. I know this should be a formality, but everything said should be kept confidential