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Topic: AsicVault scam participants (Read 608 times)

jr. member
Activity: 55
Merit: 16
February 20, 2022, 11:01:50 AM
#13
   AsicVault scam has been brewing now for 7 years. The guy behind that scheme is an Estonian "great success" fraudster HANDO EILSEN, who over the last decades has cheated investors with claims that he is the architect of:

 - The world best search engine
 - World first 3-d internet casino
 - The world fastest photo-realistic 3D rendering software
 - World most advanced live studio
 - The world's first live HD casino  
 - The most secure cryptocurrency wallet - ASICVAULT
 + several other outrageous and insane claims.


Now that same asshole (whose name figures prominently in different Estonian and Latvian blacklists as a hopeless debtor) has just launched a website AsicVault.com  https://asicvault.com/ where he proclaims to be an investor!!



AsicVault Capital is a company focused on investment opportunities in most promising crypto and fintech startups with global ambition.
We invest in truly outstanding people with bright unique ideas, who are focused on innovating and disrupting the deep-tech space.
We’re looking for start-ups and people with a burning passion for constant evolution, who are never afraid to step into the unknown.
AsicVault Capital team is based in Estonia and invests in companies around the world.






And the fiction of AsicVault as a real thing is still vehemently kept up, new ads keep popping up over the Internet also in 2022:
https://www.eu-startups.com/directory/asicvault-ou/ https://startupill.com/101-best-estonia-cryptocurrency-startups-the-future-of-crypto/






Also, a fictional LinkedIn account is kept https://ee.linkedin.com/company/asicvault






Not to speak of old ads active now in 2022 begging to fund that scam https://tracxn.com/d/companies/asicvault.io








jr. member
Activity: 55
Merit: 16
May 18, 2021, 07:48:34 AM
#12

In spite of the fact that AsicVault scam has been exposed for two years now, the crooks behind it still try to promote it at different places.

Fo example just a month ago (March 2021) Asicvault crooks posted their scam in Latvian FB group called Blockchain Startups Latvia https://www.facebook.com/BlockchainStartupsLatvia/

After my notification to the group moderator:

Hi. March 29 this year there is a promotion of Asicvault here in this group. Asicvault is a proven scam, hundreds were cheated. Why do you still keep their promotion? And why did you remove my remarks from here concerning AsicVault?

It was quickly removed:


Blockchain Startups Latvia sent 10 May at 16:53:
Hi, thank you, based on your input we removed the whole post of March 29  promotion of Asicvault here in this group
we were not ware Asicvault was a scam



jr. member
Activity: 55
Merit: 16
April 02, 2021, 09:23:41 PM
#11
AsicVault web page relaunched!!


 AsicVault webpage https://asicvault.io/ was closed down in the middle of 2020 after AsicVault was exposed as a scam in Estonian newspapers.

Now the webpage https://asicvault.io/ has been relaunched with slightly changed content: they have removed from Our Leadership “Chief Hardware Engineer” Rain Adelbert , now only two main crooks remain: "Chief Architect" Hando Eilsen and CEO Andris Vaivods


The address of the "AsicVault office"  Grin Grin indicated now on their website is Tornimäe 5, 2nd floor Tallinn, Estonia. It is not a real place, it is a virtual office space, and Asicvault has the cheapest package there, they even didn't take call answering service, only Business Address and Mail Handling (their service provider is https://www.regus.ru/en-ru/virtual-office/estonia/tallinn/tallinn-tornimae )

Ppl who know the person behind AsicVault scam told me that his previous scams were also relaunched several times with different investors at different locations. So I guess it is the same case here: there is a new victim who is fooled to believe a typical fraudulent story of a miracle product that just needs a final boost with only ten or twenty thousand Euros.


But it is not surprising that investors fall into the trap of AsicVault scam because the Internet is full of its ads and fake reviews. Even now you can find name AsicVault in the listings of innovative technologies and promising start-ups. Look business directory named COMPANY IN ESTONIA OÜ that January 2021 publishes a headline  Blockchain Technologies in Estonia where AsicVault is described as Startup commercialising next generation cryptocurrency wallet promising 1000x better performance https://www.estonia-company.ee/2021/01/14/blockchain-technologies-in-estonia/
 So they are promoting a fraud spite of a fact AsicVault has been exposed as a fraud in Estonian newspapers, or that the employee count of AsicVault has been constant zero since 2017, or that AsicVault is officially a tax debtor and it is included in the register of payment defaults https://www.taust.ee/asicvault-ou-14144085/

And by the way, Estonian state registrar deleted AsicVault from VAT payers registrar, as we may read from below from the state registrar's webpage https://www.teatmik.ee/en/personlegal/14144085-Asicvault-O%C3%9C

jr. member
Activity: 55
Merit: 16
December 31, 2020, 11:38:06 PM
#10
AsicVault scam was not the only fraud of the person behind it. Here is a list of enterprises, companies, and "brands" used by Hando Eilsen (the person behind the AsicVault scam) over the period of 2000 - 2020 to cheat investors/partners. And the list below will certainly be supplemented as information on some major scams is still coming.

I publish it here bcs there are signs that some of the previous scams (esp  Photonreality and  HMT-Live) are being revived or used for future frauds, as those scams have never been properly exposed. Therefore, any company, name, number, e-mail, website or address mentioned down should be a red flag.

I thank ppl who have forwarded their experiences with AsicVault and other scams of that person, my contact for correspondence: [email protected]


Common features of Hando Eilsen's scams


After being in touch with several victims from two last decades and analyzing collected data it is possible to argue the following:  

1. The scams of Hando Eilsen are premeditated, planned, and executed to cheat investors/clients (they are not some botched-up business enterprises). The guy is a generic scammer with at least five proven scams.

2. His scams allways start and proceed in a way that a nice "prototype" but in fact, a bogus is presented to potential investors with a claim that it gonna have an exceptional superiority over similar existing products.

If the maybe-investor is interested then Hando Eilsen claims that "the software/product is almost ready but needs some extra funding".

And then, after receiving agreed funding always exactly the same happens: months and years pass with no real development of the prototype.    And finally, after tragicomedy with several extra fundings and new development/investment plans the investors/partners face a harsh reality of being totally fooled - money is gone and they still have the same "promising prototype".

3. Every single one of these scams described below involved several shelf companies established by Mr Eilsen internationally (in addition to Estonia mostly in Latvia and United Kingdom), altogether more than 20 companies have been used for these five scams (listed below). Always a high-class fancy website was created selling a product (that in fact never exists), glossy booklets printed, and nice videos published.

4. Every person without an exception who invested into any of those "promising projects" listed below lost all his/her invested money because the thing never went beyond that same "prototype" or nice pictures and videos (in AsicVault case the same prototype has been shown and "tested" btw 2017 - 2020). Not a single pre-payed or pre-ordered AsicVault product was delivered (bcs they just did not exist), never a working software was developed in other projects.

5. The victims ("investors/clients/customers") were easy prey for this crook: rich, or ambitious, and sometimes quite stupid or light-minded persons, but never IT specialists who would not fell for those scams.
Also, there are tens of employees hired by Hando Eilsen's companies who were left without salaries; not to speak of many unpaid bills over the last 20 years. Name H.Eilsen is a red flag for Estonian and Latvian car rentals and real estate agents, internet providers, it is a recurrent name in different blacklists.

6. After any of those scam schemes collapsed (usually because investors run out of money, or understood of being cheated or was fed up) then not a single investor/partner could audit the "product/software". The guy just disappeared then (and sometimes started the same scam over with another "investor") or claimed that something belonging to "a third party" was used in that software and he has no right to show it - look the NVSS case down.

7. Investors believed their money was mostly spent on software development. But in fact, invested money was either channeled back to Mr Eilsen via third parties owned by him (NVSS and others), providing forged bills and by other fraudulent means. Or wasted on posh office spaces, exclusive hardware, and services as if needed for the project. But never a real and working product/software has been produced - NEVER.

Still, some fooled investors had a really strong belief in that guy and invested times more than initially agreed (believing "being very close to the result"). Such people suffered the most and a special entry concerning them is coming later.

8. The guy was not exposed until the end of 2019 when his name appeared the first time in newspapers due to the AsicVault scam (https://arileht.delfi.ee/news/uudised/eesti-firma-sattus-internetis-pettusesuudistuste-laviini-alla?id=88223975 ). Being exposed only that late is really amazing as there are tens and tens of small and big investors cheated by him before.

9. The biggest amount by a single person lost in those scams is ca 700 000 Euros; there are many cheated partners, there are investors who went broke and are still in shit, and his former friends claim they have been used in the nastiest way. Also, there are indications that his family members (his wife is a Public Relations specialist) are well aware of those frauds.

10. Of course, there have been initiatives by the cheated investors/partners/customers to take legal proceedings in court against Mr. Eilsen. But the guy is very tricky and has officially no property (he lives in a flat owned by his wife). So nobody has bothered to proceed after the initial bravado.

11. All previous investors/partners of Hando Eilsen over two decades feel cheated. Not a single of them has received an apology or any compensation. As one of his previous companions put it: "There isn't a single piece of Hando Eilsen's software that really worked, and there isn't either a single business partner he did not cheat!"
But the guy proudly parades his scams as "professional achievements" on his Linked account https://ee.linkedin.com/in/hando-eilsen-a394b621






LIST OF THE SCAMS



I. ASICVAULT SCAM (2016 - present)

Claim:  The most secure cryptocurrency wallet and  1000✕ stronger security and higher performance. Also a slogan used:  Next generation cryptocurrency wallet


AsicVault (also AsicFuel) is a bold international scam, it "offices" are located in Estonia, England, Singapore and who knows where else. Besides the architect of the scam HANDO EILSEN several Latvian and Estonian citizens participated: Andris Vaivods, Viesturs Plešs, Matiss Paegle, Janis Grikis, Slava Kravtchenko, Toms Meijers, Rain Adelbert, Nikita Sachdev;
also were involved (or their names used): Stefan Allmer, Dmitrijs Nazarov, Jun Hao, Michael Major, Ivo Grlica
There is also a bunch of crooks claiming under AsicVault google review that they are happy with the AsicVault wallet or support that scam other ways:  HeadChefify ,  Edīte Venškēvica , AVD Grupa , Tony Etzel , Andrejs Smelovs, Gleb Mickevich , Gatis Balabka , Diana Martinova.
AsicVault scam has been also promoted by aliases as: BadNoose , Doshay Zero404Cool and several others.

The scam was put on stage in 2017 at Moontec with the grandiose promises of Mr. Eilsen. Btw, his short bio here reads like a sick joke he has established many successful high-tech companies.  https://moontec.io/speaker/hando-eilsen/   https://www.facebook.com/viestursp/videos/10156238125546535

 

Soon started to pop up all over the Internet scammy ads of AsicVault in all possible languages with absurd promises and insane claims:
   -  Bitcoin Hardware Wallet With 1000x Stronger Security
  -  “AsicVault” is an Estonian company that is looking to disrupt the current hardware wallet market by introducing a next generation physically secure cryptocurrency vault[/i]
[/b]
  -  AsicVault provides unparalleled protection against wallet and exchange hacks

https://cointelegraph.com/press-releases/bitcoin-hardware-wallet-with-1000x-stronger-security?fbclid=IwAR1QjS3rKPYKaeTCtfK2sFgxjtqKNIP1GQgzKMzGugvs98e4_3iQiiK6908https://cryptostart.nl/nieuws/asicault-hardware-wallet-introductie/

https://www.tomshardware.fr/diapo-1000-et-une-manieres-de-stocker-vos-cryptomonnaies/16/


Another active promoter of the fraud was Rain Adelbert, who later dissappeared from the AsicVault gang and even denies now on his LinkedIn account any connection to it, also he has tried to remove from the Internet the video where he promotes Asicvault wallet:
https://twitter.com/RivetzCorp/status/937781829142278149 https://www.linkedin.com/in/rainadelbert/?originalSubdomain=ee





First persons paid for AsicVault's non-existent product summer of 2017.

"The wallet" was put on mass sale end of 2017.  December 2017 one of the main AsicVault crooks Latvian citizen Viesturs Plešs was boasting: "My personal congrats to all involved in @AsicVault Bach1 Sold-Out in less than 48hours Cheesy #asicvault is the safest… " http://www.civciv.lv/946333797729099776  


That "first batch" consisted of 1500 non-existent wallets: 1500 cheated persons, each paying ca 200 - 250 Euros per device, but some losing even thousands ordering many devices.

The only things AsicVault really produced were nice pictures and videos as was the case with all other previous scams.  

The scam was actively promoted through 2018, look starting minute 43 event from Riga summer 2018. The guy promoting the scam here is  Viesturs Plešs https://www.facebook.com/viestursp who knew well it is was scam. https://www.facebook.com/watch/live/?v=1078656205636409&ref=watch_permalink at 50:38 Viesturs clearly says that "the first batch has been fully sold out" and "they are in production", "you can preorder next batch"



BTW, that Viesturs Plešs was one of the most active promoters of AsicVault scam, even after AsicVault was publicly exposed as a scam 2019 Viesturs Pless continued his fraudulent activities in 2020 http://www.civciv.lv/search/asicvault. And even in 2021 V.Plešs continued to promote AsicVailt scam in Latvian FB group  Blockchain Startups Latvia https://bitcointalksearch.org/topic/blockchain-startups-latvia-promoting-asicvault-scam-5341381 Up to this day hasn't Viesturs Plešs shown any remorse of participating in that scam not to speak about the public apology.



First suspicions that AsicVault is a scam appeared in Bitcointalk.org summer of 2018, several ppl questioned the credibility of AsicVault claims concerning the technical side of the product, also was pointed out that marketing itself just reeks of dishonesty from the start. : https://bitcointalksearch.org/topic/asicvault-the-most-secure-cryptocurrency-hardware-wallet-2706485






Also, one of the first warnings that AsicVault is most probably a scam appeared June 2018 by one Russian person in Medium, where he ridiculed AicVault claims https://medium.com/@jackkernout/%D0%BD%D0%B5-ledger-%D0%BE%D0%BC-%D0%B5%D0%B4%D0%B8%D0%BD%D1%8B%D0%BC-b0d25ba52c8e:  They look not just like ordinary scammers but their flight of fantasy is higher than that of Baron Munchausen /.../ AsicVault is a Big Mama of all scams  
  

Also, in several reddit.com entries warnings AsicVault being a scam started to appear in 2018, here are some of them https://www.reddit.com/r/Bitcoin/comments/8cea67/any_asicvault_news/ and https://www.reddit.com/r/CryptoCurrency/comments/9vtmf8/asicvault_sign_of_life_hw_wallet/ also https://old.reddit.com/r/Buttcoin/comments/9xxi51/asicvaultasicfuel_ico_the_scam_goes_orbital/ also https://www.reddit.com/r/BitcoinBeginners/comments/ed2odg/quick_hard_and_digital_wallet_question/




The first public complaints from deceived customers appeared on the Internet end of 2017; by the second half of 2018, there were tens and tens of angry ppl publicly complaining about being cheated by AsicVault. Some of these accusations have been collected here by a person who was the first to point out that AsicVault / AsicFuel is a scam in a scathing exposure published November 2018:
https://archive.is/4fDi1




I have also collected some of the complaints from the AsicVault Twitter account https://twitter.com/AsicVault/status/1056885652384612352 and elsewhere from Twitter https://twitter.com/Jekaterina_Jkat/status/1126476585702498306




Also, some complaints appeared in 2018 at Asicvault google review





 To neutralize negative statements Asicvault gang organized in few days 20+ positive reviews, they even did not hide the fact writing themselves positive reviews on themselves, just look Viesturs Plešs fraudulent claim having visited AsicVault office in Tallinn or another dummy Vitalij Petrov (participated in previous scams of Hando Eilsen) being happy with AsicVault service



Even now new accusations against AsicVault appear from deceived customers - look AsicVault FB account https://www.facebook.com/AsicVault where new complaints from cheated customers are visible: March 2021 a cheated person threatens AsicVault




End of 2018 AsicVault gang tried ICO, but it failed https://icoholder.com/en/asicvault-26794 . https://topicolist.com/asicvault/  In its WhitePaper AsicVault morons promised to launch by 2022 AsicVault Satellite . Yea, a company that has not been able to ship its customers' wallets plans to launch a satellite! Maybe they will board it to escape coming jail terms  Grin




Asicvault website asicvault.io was temporarily down in 2020, but its its content was then partly available in alternative sites as https://archive.vn/tJOKi with three main crooks (Hando Eilsen, Andris Vaivods (Latvian), and Rain Adelbert (Estonian)) presented as CEO-s. Since 2021 is AsicVault website up again but with slightly changed content, one person Rain Adalbert has been removed from its CEO-s.

Its Twitter https://twitter.com/AsicVault is still up (not updated since November 2018) and full of angry complaints from deceived customers.
Its Facebook page https://www.facebook.com/AsicVault  is also still available (last time updated November 2018) with many pictures of its scammy gang members.



Also, this AsicVault scammy gang created a fake investors network showing AsicVault as a blossoming enterprise. PhotonReality, AsicVault Capital, AV Nordic Holding and Svaraat (all financially defunct entitie run by AsicVault gang membews) were fraudulently claimed as being investors of AsicVault https://www.crunchbase.com/search/principal.investors/field/organizations/num_investors/asicvault



AsicVault scam was exposed in one Estonian newspaper in December 2019 under the heading ESTONIAN COMPANY UNDER AN AVALANCHE OF SCAM ACCUSATIONS: Many people accuse the Estonian company AsicVault of cheating https://arileht.delfi.ee/news/uudised/eesti-firma-sattus-internetis-pettusesuudistuste-laviini-alla?id=88223975



Somehow one Estonian newspaper was able to catch somebody from Asicvault. The interview conducted resulted in a really harsh and complete exposure of the scam. AsicVault CEO Hando Eilsen behaved with a reporter like a loon or being high, he could not give any sensible answer why many ppl claim they have been cheated by AsicVault or why AsicVault office does not situate at the address they indicate, nor gave any sensible answer to other questions, also several cheated customers spoke of their experience with AsiCvault. AsicVault CEO Hando Eilsen could only ramble about a big conspiracy against AsicVault! Finally, at the end of the interview, Hando Eilsen was able to gather himself. No, he did not apologize nor promised to return money to cheated customers, he just doubled down on his lies and began boasting that mass production of AV wallet starts very soon!!. More on this really bizarre interview https://bitcointalksearch.org/topic/m.53254180

After such a public shame Hando Eilsen launched in January 2020 a silly internet campaign claiming the product is real. But of course, nothing new came except for new nice pictures, and not a single cheated person has received his wallet:

1) https://medium.com/@hando.eilsen/asicvault-advanced-pcb-design-40d178ecb607
2) https://medium.com/@hando.eilsen/asicvault-hardware-wallet-architecture-5541f347864
3) https://asicvault.blogspot.com/2020/
4) He even asked his friend to publish a positive review of the non-existent product: https://medium.com/@Zero404Cool/teardown-of-two-touchscreen-hardware-wallets-trezor-vs-asicvault-a92923a5b6ce . The author of that fake review named Doshay Zero404Cool concludes then that compared to Trezor Asicvault is inconceivably better and truly innovative device which statement was clapped 170 times, mostly by AsicVault gang members. And even this Doshay Zero404Cool acknowledges AsicVault is a fraud as he does not answer to public accusations that he is promoting scam



In short, there is nothing new in those AsicVault lies, it is all the same since 2017 supported by nice pictures, videos and glossy leaflets, the internet is full of AsicVault scam with hundreds of entries claiming this product surpasses everything of the kind.



COMPANIES DIRECTLY INVOLVED IN ASICVAULT SCAM

There are at least four companies directly involved in AsicVault scam scheme. None of them has any employee or real office space, nor has performed any other kind of real business activity except for channeling cheated investors/customers' money. All these companes have been founded by Hando Eilsen :

 
AsicVault scammy company № 1

   In Estonia: AsicVault OÜ  https://www.inforegister.ee/en/14144085-ASICVAULT-OU  : not a single employee, no annual reports, and except for Q1 2108 when the scam was launched and much money cheated from customers then zero turnover and zero taxes since the beginning  (https://www.teatmik.ee/en/personlegal/14144085-Asicvault-O%C3%9C)

in Google still advertised under fake address (Tornimäe 5, 10145 Tallinn) and fake phone +372 622 9393 . But such a fake entity claims done a huge development work, as Hando Eilsen himself announced here in bitcointalk.org:

 
We have written over 77,000 lines of Verilog/VHDL code (hardware design), together with testbenches over 550,000 lines.
This is more than Bitcoin Core client code size - all in hardware
.
https://bitcointalksearch.org/topic/m.41177257

Outright lies as this have been helpful to cheat hundreds of customers who preordered the AsicVault device. At one point AV rep Viesturs Plešs boasted that around 1500 (non-existent!!) devices were sold https://twitter.com/viestursp/status/946323355820609536


Estonian Asicvault had btw autumn 2018 - beginning 2020 another board member Latvian citizen Matiss Paegle . But he left it after the scam was exposed. His name has been removed from Estonian state registrar concerning Asicvault, but he is found in many AsicVault icos:


 

By the way, that Matiss Paegle was behind notorious international scam Windhan Eneregy: https://bitcointalksearch.org/topic/any-info-related-to-these-projects-5197414 https://bitcointalksearch.org/topic/m.53084135 ; https://bitcointalk.org/index.php?topic=5114243.40:


That same M. Paegle tried to promote another bitcoin scam in Estonia, his scammy company claimed Providing a virtual currency wallet service , but it was dissolved 2020 https://www.teatmik.ee/en/personlegal/14611233-Windhan-O%C3%9C , maybe it had also a connection with AsicVault.

By the way, that fraudster and crook Matiss Paegle runs at the moment several respectable Latvian companies being at Chairman-Management Board at Anaerobic Holding SIA https://www.anaerobic.lv/  and Investment Director at BaltCap AS https://www.baltcap.com/team/matiss-paegle/
  
ASICVAULT OWNERS https://www.teatmik.ee/en/personlegal/14144085-Asicvault-O%C3%9C





AsicVault scammy company № 2

Another  AsicVault entity also located in Estonia called Asicvault Capital OÜ https://www.teatmik.ee/en/personlegal/14437976-Asicvault-Capital-O%C3%9C is a financially defunct shelf company founded by Estonian crook Hando Eilsen and Latvian skunk Andris Vaivods, who boasts in LinkedIn being a cofounder of Asicvault.

Andris Vaivods is a puffy cream of the Latvian business elite Grin, after co-founding "revolutionary AsicVault technology" the same guy works since 2019 as a door2door salesman of another fundamental breakthrough product Grin - Latvian liquid-soap. Here is a picture of dreams-come-true soap-seller Andris Vaivods with his LinkedIn account
 


Andris Vaivods is also a board member of another Estonian company used in AsicVauld schemes - Svaraat OÜ. Vaivods' business network https://www.teatmik.ee/en/personprivate/325560-Andris-Vaivods also includes another company OÜ AV Nordic Holding that has been used in AsicVault frauds.

Also, a name Jānis Griķis (Janis Grikis) is included in this scammy network. That Latvian citizen Janis Grikis (board member of OÜ AV Nordic Holding ) praises the scam under AsicVault google reviews as The Revolution in the Crypto World. That Janis Grikis provides a legal counsel to AsicVault https://www.apollo.io/people/Janis/Grikis/57d423a1a6da9853ce93b296


  

AsicVault scammy company № 3

     In Singapore: ASICFUEL HOLDING PTE. LTD – Asicvault scam in Singapore: https://www.sgpbusiness.com/company/Asicfuel-Holding-Pte-Ltd  It is a bogus enterprise promoting non-existent AsicVault chips, all the same person participated mentioned above H.Eilsen, A.Vaivods, R.Adelbert, M.Paegle. They boast that: AsicVault team has designed AsicFuel that will operate on its own blockchain and will serve as an internal currency of the AsicVault world. AsicFuel is burned by the AsicVault chips.






AsicVault scammy company № 4

  In United Kingdom: AVF MINING LTD – same as: AsicVault Fuel Limited: https://find-and-update.company-information.service.gov.uk/company/11657718/filing-history This AVF MINING LTD is a shitty sub-scam of AsicVault generated by Hando Eilsen in United Kingdom.  Founded autumn 2018, dissolved by compulsory strike-off 2020





Other companies participating in AsicVault scam:

There were also several companies involved as "investors" of AsicVault: PhotonReality, AV Nordic Holding

Also, Latvian company LOĢISTIKA AG, Sabiedrība ar ierobežotu atbildību (https://company.lursoft.lv/logistika-ag/40003942536) has been used in the AsicVault scam scheme.

   There are also several AsicVault scammy products advertised and also maybe several other AsicVault scammy Ltd-s (follow up here).




Hando Eilsen in his LinkedIn account about AsicVault

So, there is no product, we have hundreds of cheated ppl who payed for the wallet but never got it, AsicVault has been exposed in newspapers and all over the Internet as a scam several years ago.  But it is not a big deal for that crook, as for today (February 2022) the LinkedIn account of Hando Eilsen boasts concerning AsicVault https://www.linkedin.com/in/hando-eilsen-a394b621/details/experience/









II.   PHOTON REALITY SCAM (since 2008)


Claim: The world fastest photo-realistic 3D rendering software


Hando Eilsen claimed to provide the world’s fastest photo-realistic 3D rendering software. But nowhere in the world has this software been used or heard of. In this scam btw 2008 – 2016 several partners and companies were cheated in Estonia, Latvia etc places.

And probably this scam (never been exposed properly) is being started over again as since summer 2020 several "superb videos" Grin Grin   started to appear again on youtube under the name Photonreality from its scammy channel https://www.youtube.com/user/photonreality, promoting "a software developed by Hando Eilsen" - a typical bogus product that never existed  https://www.youtube.com/watch?v=TsVyLFv1shU , https://www.youtube.com/watch?v=kpKZBdMVw8Q )  

There are several scammy entities of ProtonReality all of them having zero (or minimal) turnover and max 1 employee:

   Photon Reality OÜ: it is an Estonian fraudulent company that indicates a fake address and is wanted by tax agency and Estonian court as a debtor; during its history, this  provider of world fastest photo-realistic 3D rendering software Grin Grin  has had zero or maximum one employee, mostly 0 turnover and marked with a red flag as non-trustworthy, by now mired in debts and searched for by creditors, and since February 2021 excluded from VAT payers. Yes, the provider of the world’s fastest photo-realistic 3D rendering software is publicly lambasted for not being able to pay ridiculously small amounts to cover its depts so that the bailiff must intervene https://www.teatmik.ee/en/personlegal/12771323-Photon-Reality-O%C3%9C



    Same scam in United Kingdom: PHOTON REALITY LIMITED https://find-and-update.company-information.service.gov.uk/company/08072138/filing-history . Still claims that Photon Encoder lowers your average HQ stream bit-rate from 700kbps to 450kbps and at the same time significantly improves picture quality https://www.linkedin.com/company/photon-reality-ltd-/about/

Also a website was created for this scam http://photonreality.com/   but was closed down a few years ago but its content still available at https://web.archive.org/web/20110207094703/http://photonreality.com/


Facebook page of that scam is also still available and boast that Photon Reality makes the world fastest photorealistic 3D rendering software https://www.facebook.com/PhotonReality


By the way, that scam has been briefly treated also at the end of https://archive.is/4fDi1

But such a financially defunct enterprise PhotonReality has been shown by Hando Eilsen as an investor of AsicVault https://www.crunchbase.com/organization/photon-reality/recent_investments





III. HMT-LIVE SCAM  (2010 – 2016)


Claim:  the world most advanced live studio; The world's first live HD casino

Hando Eilsen claimed tha he is going to create the most advanced live gambling studio and The world's first live HD casino with features unheard so far. So several superb web pages were launched for this scam with claims that time same absurd as now with AsicVault   WORLD'S FIRST LIVE HD CASINO - REAL LIFE CLARITY - UNIQUE HIGHEST QUALITY HD VIDEO QUALITY  - 3D VIRTUAL ENVIRONMENTS https://web.archive.org/web/20130621223412/http://hmtlive.com/


Investors were made to believe that he developed an advanced technology that needs some extra finance to be finished.
The bogus was mostly advertised under the names HMT-Live, or Casino 1080 also SIMONE-Video and several others.

But the fact is that not a single live studio, internet casino nor anybody else in the world uses HMT-Live software (or any other Hando Eilsen's software).

As one person, who participated in that scam (believing it is a real thing) put it:

“chief architect” Hando Eilsen was building a kind of an internet casino — the “best in the world”, but the whole thing was not only impossible but in fact sheer nonsense.  Five years of tragicomedy with delays and more delays, several disappearances of the “architect” and then start-overs in different countries, cheating investors and partners, much double-dealing, spending huge amount of investors money, nice pictures and videos and a lot of buzzz. But no working product. https://medium.com/@aloisalois/asicvault-has-moved-to-gb-november-2018-bca15bc10f72

This HMT-Live scam started in Estonia using stolen Playtech software (Mr Eilsen was briefly a Playtech employee but was fired after a huge scandal there). After cheating his Estonian partner who lost all his savings then Hando Eilsen started the same scam over with new investors in Riga, Latvia (Rīga, Marijas iela 1, LV-1050). When the main Latvian investor, who also provided lofty office space, became suspicious and kicked the fraudster out then the scam was started over again with new partners in Tallinn, Estonia (Narva mnt 7, 9th floor).
Latvian and Estonian investors (at least 3 different groups who did not know each other) were cheated with over 0,7 million Euros.

But of course, leaflets and Youtube videos were at least the same nice scummy shit as with AsicVault scam



And again as this scam has been never exposed properly it seems it has been started over in some way bcs from autumn 2020 HMT-Live videos started to appear on Youtube https://www.youtube.com/watch?v=qYuMUTv5GW0 , https://www.youtube.com/watch?v=HvYnvY7FBHY&t=3s

Some of its HMT-scam entities (mostly in Latvia) were:

 -   HMT-Live, Sabiedrība ar ierobežotu atbildību (under Eilsen 2012 – 2016) https://company.lursoft.lv/hmt-live/40003527162
 -      Sabiedrība ar ierobežotu atbildību "HMT" https://b2bhint.com/en/company/lv/hmt--40103994604
 -    Actively cheated under name SimoneVideo, Ltd: https://company.lursoft.lv/lv/simone-video/40103259833  
 -       Also was marketed under brand names: Casino1080 or Poker 1080; also RussianPoker Live etc
 -    Wa also advertised under brands: HMT, HMT-LIVE, HMY, HMY-LIVE, Live-Gaming and several others (soon more)

Here is a picture of one of the websites of that scam from around 2012 - 2013 http://atwork.lv/users/ddolinsky/projects/13858/
Here is one glossy brochure promoting this HMT-Live scam:  https://issuu.com/hmt-live/docs/htmlive6

Even one of HMT-Live scammy youtube videos is still online from 2013: https://www.youtube.com/watch?v=GU5a3w2Cv6Q&feature=youtu.be

Besides the chief architect of the scam Hando Eilsen up to ten persons participated,  the names coming soon


And although HMT-Live scam was busted many years ago (for details contact the main cheated investor there Talbergs&Ko Rīga, Marijas iela 1, LV-1050, +37167225850 ) Hando Eilsen still keeps that scheme working. Last update of HMT-Live LinkedIn account from January 2022 boasts with new videos of a product that does not exist https://www.linkedin.com/company/hmt-live/about/ https://www.youtube.com/watch?v=ioveSEw6_bE


 

IV.   3-D CASINO SCAM. the world first 3-d Online casino (2005 - 2008)

Around a dozen Estonian small investors feel cheated by Hando Eilsen’s promise to provide a “world-first 3-D online casino”. They financed it 2005 – 2008 but it was never delivered (details coming soon). But of course, the "prototype" was again a very beautiful thing and a "sure win" for any investor.



V.   Cheating 2000 – 2006: again claiming the best /most advanced etc
[/b]

Although it was decades ago there are still ppl angry with companies/trademarks then owned/shared by Hando Eilsen:

 -   Globe Seek - OÜ Globe Seek- was to be "the world best search engine", it ended in total failure (if it was not a sheer fraud)
 -    LEIA INTERACTIVE OÜ - claimed to have created "advanced technology" - nothing but a failure, or fraud,
 -  EilsenSoftware - the guy considered himself a genius and named a company after himself in 1999- 2000, but nothing came of it except for of unpaid bills and warnings in state registrar
 -  Eilsen Technologies[/b]  - same shit and total failure with official warnings in Estonian satet registrar https://scorestorybook.ee/en/media/10864546/eilsen-technologies-ou-sob-story?id=1384255




VI. NVSS Neural Video Software Systems scam (ca 2001 - 2013)

   Over a period of time, (ca 2001 - 2013) Hando Eilsen exploited for his scams to drain money from investors a non-suspecting person KENNETH NINIAN MELVILLE DUNDAS , b 1943 and a phony company Neural Video Software Systems - NVSS https://companycheck.co.uk/company/05910402/NEURAL-VIDEO-SOFTWARE-SYSTEMS-LIMITED/companies-house-data

This NVSS company was widely used to run the scams mentioned above. It was a tool to provide faked bills and bogus services. Hando Eilsen claimed that investors must buy from NVSS advanced video software that significantly improves video picture quality. In fact, no such software has been developed by NVSS and all the emails and bills etc documents as if coming from Mr Dundas/NVSS were composed by Hando Eilsen himself.

Such non-existent third-party software was also used in other scams to decline requests of his investors/partners to audit the software developed by Hando Eilsen.
 
 Much information coming soon on this Neural Video Systems NVSS scam!





VII.Caution with companies registered at the address Lauteri 8-81 used for Mr Eislsen's scams

Adress Tallinn, Kesklinna linnaosa, A. Lauteri tn 8-81, 10114 has been used by Hando Eilsen's scammy associates for companies as:

 -    OÜ AV Nordic Holding:  https://www.teatmik.ee/et/personlegal/14309273-O%C3%9C-AV-Nordic-Holding
 -    Svaraat OÜ https://www.teatmik.ee/en/personlegal/14143766-Svaraat-O%C3%9C  



VIII. Addresses used by Hando Eilsen for cheating


Red flag should be any of the following addresses as several scams of Hando Eilsen have been registered at those locations:

  - Tallinn, Kesklinna linnaosa, A. Lauteri 8-30, 10114 - Estonia
- Tallinn, Kesklinna linnaosa, A. Lauteri 8-81, 10114 - Estonia
- Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX
 - 1 RAFFLES PLACE #40-02 ONE RAFFLES PLACE SINGAPORE (048616)
 - Tornimäe 5, 10145 Tallinn - Estonia


IX. Domains, e-mails, phone numbers



Domains/emails and phone numbers used last decade for different scams:

[email protected] (or any e-mail of @photonreality)
[email protected]
[email protected] (or any e-mail of @asicvault.io )
[email protected]

+372 56240008
+372 58025120
+37259196108
+372 622 9393

asicvault.info   
asicvault.org   
asicvault.fr   
asicvault.in   
asicvault.net   
asicvault.com   
leia24.com
photonreality.com
hmygaming.com
eilsen.com

BadNoose / @BadNoose_666
Doshay Zero404Cool


 
SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM
jr. member
Activity: 55
Merit: 16
December 31, 2020, 08:21:38 PM
#9
1) Asicvault's website https://www.asicvault.io  has been shut down since the middle of 2020

2) Matiss Paegle (a person behind WindhanEnergy scam) isn't any more AsicVault board member since autumn 2020

3)  some of the previous AsicVault associates and partners try to claim they have been fooled by Hando Eilsen and they did not know it was a scam, and in some cases, it might be true

jr. member
Activity: 55
Merit: 16
December 29, 2019, 11:22:40 PM
#8
Some additional information concerning AsicVault scam.
 
Estonian newspaper exposed AsicVault as a scam month ago, but still Asicvault has not removed its scammy ads from Internet and keeps selling non-existing wallet.  Therefore some further warnings are published here.

AsicVault and its CEO Hando Eilsen figure prominently on different blacklists:

1.   AsicVault on a Wall of Shame: AsicVault is officially on the list of malicious debtors since the end of 2018: https://www.julianus.ee/debtors?utf8=%E2%9C%93&search=1&nimi=asicvault®_nr=&commit=Search

2.   AsicVault CEO Hando Eilsen is a person who figures in the listings of “private debtors” at least since 2016 with car rentals, real estate agencies etc blacklists:  
https://www.globuya.com/EE/Tallinn/116112128451714/Move-On
https://moveon.ee/volglased/


Almost everything on Hando Eilsen LinkedIn account https://www.linkedin.com/in/hando-eilsen-a394b621/de involves scams, lies, malicious debts:

1)   present job (besides Asicvault) has been indicated as CEO of Photon Reality Ltd located in Great Britain. In fact that company has been dissolved since 5 years ago https://beta.companieshouse.gov.uk/company/08072138  . There is also a company with the same name in Estonia: concerning its scammy activities look  down of the link http://archive.is/4fDi1  ; also the trust rating of that comp is deep below zero https://www.inforegister.ee/en/12771323-PHOTON-REALITY-OU – it means debts and tax issues.

2)   past job as CEO of Eilsen Technologies Ltd – that company has been listed since many years as a chronical debtor (not paying bills nor taxes with sums of thousands of Euros)  and a general warning has been published in state registrar which reads: ATTENTION! Strongly recommended refraining from cooperating with EILSEN TECHNOLOGIES OÜ as a non-cooperative company that ignores its obligations and the Creditor's attempts to contact.  Look: https://scorestorybook.ee/en/company?f=10864546 and  https://scorestorybook.ee/story/eilsen-technologies-ou-lopulugu?id=937656

3)   His past job indicated in Likedin was a CEO and co-founder of HMT Live: in fact it was an internet casino scam in 2010 – 2016 where Latvian investors lost hundreds of thousands Euros (anybody interested write me directly).


So, unless AsicVault stops its fraudulent activities additional information on Hando Eilsen previous scams, cheating on partners, stealing employers property  (HMT Live, GlobeSeek, Videobet -Playtech etc) will be published pretty soon.


jr. member
Activity: 55
Merit: 16
December 03, 2019, 08:16:09 PM
#7
ASICVAULT SCAM IS NOT DEAD AT ALL!!


Few days ago (Dec 1, 2019) there was a scathing article on AsicVault scam in Estonian business daily: https://arileht.delfi.ee/news/uudised/eesti-firma-sattus-internetis-pettusesuudistuste-laviini-alla?id=88223975  

I don’t know how but the daily somehow managed to reach AsicVault CEO Hando Eilsen (half a year ago one Estonian TV channel also tried but couldn't  get in touch with reps of AsicVault). I try to summarize the following interview.


When the reporter asked if there exists any real AsicVault wallet then CEO tried to decline answer but finally admitted that there is only a prototype. Reporter concludes then that google reviews praising the wallet must be fake then.

Also some other participants of the scam are mentioned here. Latvian citizens Andris Vaivods and Viesturs Šeļmanovs Plešs claim they have visited nonexistent  AiscVault office in Tallinn. But not much attention has been payed to these or other bottom feeders of that scam.
 
When reporter asks why do they lie on their website about their office location then CEO replies I do not know answer to your question , but then after collecting himself CEO claims that office is situated at another place , naming a posh business district in Tallinn - but again he is unable to provide its address!

Then a real comedy begins. Reporter asks bluntly why Asicvault cheats? The guy answers: all accusations come from one single person and there is a smear campaign under way against AsicVault!!

When the reporter says that accusations against AsicVault come from tens and tens of different proven FB Twitter etc accounts then CEO again rattles on one person waging a smear campaign against them.

Reporter asks: why many customers say that AiscVault does not even answer emails? CEO proclaims then that AsicVault maintains diligent contact with customers and nobody has ever asked for refund except for 1 person, reporter then openly disproves this claim citing deceived clients whom he has  interviewed.

When reporter ridicules AsicVault promise to launch a satellite in 2022 then CEO Hando Eilsen says that AsicVault never promised that and again claims it is a part of smear campaign. Reporter shows then screenshots where Asicvault on its own website promised to launch AsicVault Satellite – and CEO again does not know what to say.

Reporter goes through other idiotic AsicVault claims and inconsistencies – CEO again says it is all smear campaign and threatens accusers with police and court!!

And finally CEO declares that now, after 3 years of strenuous preparations we will start mass production of AsicVault wallets!


This AsicVault CEO Hando Eilsen clearly needs a doctor! And he might escape real jail time as I am afraid he will be declared mentally irresponsible and legally incapable after that interview.      




jr. member
Activity: 55
Merit: 16
November 20, 2019, 09:16:52 AM
#6
Some other names and participants in Asicvault scam (last updated by Asicvault November 16, 2019). The Asicvault scam is not dead at all!!

1 Janis Grikis - Latvian citizen https://www.apollo.io/people/Janis/Grikis/57d423a1a6da9853ce93b296 , Legal Counsel at AsicVault

2 Stefan Allmer - https://www.apollo.io/people/Stefan/Allmer/54a313627468693cddb88e52 Business Expansion Advisor at AsicVault

So it means Asicvault scam expands and is being counseled!

And Asicvault claims it has 7 employees   Grin Grin - https://www.apollo.io/companies/AsicVault/5c21bb7aa3ae610aff42494a

copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
November 12, 2019, 11:01:01 PM
#5
It has been a while since this started, but looking upon different replies in the forum, it seems that others got scammed too. I hope no one ever would be participating in this fraudulent. activity.

Most of the reviews are probably fakes, and the real ones are pointing out to the thread that you mentioned a year ago.

https://medium.com/@caffeine93/asicvault-asicfuel-ico-new-upgrade-to-an-old-scam-46e47478177b

I don't know why they are still trying to say they are not a scam, but it's obvious now. What's the main account of it? I don't know who should be responsible

Their website isn't even updated to the latest Copyright. It was still in 2017. Lol. Links to various clickables aren't even fixed like the Bitcointalk on their footer.



Good job on being consistent, Alois D.
jr. member
Activity: 55
Merit: 16
November 12, 2019, 10:59:52 PM
#4


and the most sick aspect of Mr Viesturs Plešs is that at the same time when he claimed me that "he has also problems with Asicvault" and even distanced himself from it - at the same time he was actively promoting the same Asicvault scam with ICO and everywhere.

jr. member
Activity: 55
Merit: 16
November 12, 2019, 10:42:11 PM
#3
Actually u are scam not AsicVault Smiley

So just sit down, relax and wait for your wallet to be produced and delivered! If u pre-ordered one!

Bravo Mr Viesturs Plešs! Now you again say that the product is coming!
Mr Viesturs Plešs, you are either mental or a blatant liar. I guess liar, similar to all other persons involved with Asicvault.
 I guess your problem is that you have cheated under your real name, your lie became public and now it gnaws on you. Lets see what you have claimed previously during 1,5 years concerning Asicvault:

1. June - July 2018 Mr Viesturs Plešs  tried to convince me there is a real wallet and a lot of work is underway by Asicvault; he also persuades me to remove negative comments:





2. August -September After I brought up several scams by Asicvault founder Hando Eilsen then Viesturs Plešs claims he has "invested a lot of money" into AsicVault, acknowledges problems with Asicvault, says he he has lost contact with the development team there in Tallinn and even offers solutions for cheated people how to get money back from Asicvault!!:




3.November 2018 After my further pressure Mr Viesturs Plešs confesses there is no AsicVault development team, just one guy Hando Eilsen behind all Asicvault (Hando Eilsen is the main scammer of Asicvault):



4. Finally, April 2019 Viesturs Plešs says he is not anymore in that project:


5. And now, November 2019 Mr Viesturs Plešs announces that Asicvault is legit and ppl will get their wallets!


There is a lot coming on this bunch of Asicvault scum, pretty soon!
newbie
Activity: 2
Merit: 0
November 11, 2019, 04:14:36 AM
#2
Actually u are scam not AsicVault Smiley

So just sit down, relax and wait for your wallet to be produced and delivered! If u pre-ordered one!
jr. member
Activity: 55
Merit: 16
September 22, 2019, 12:30:49 PM
#1
Probably many have heard about Estonian-Latvian scam AsicVault / AsicFuel and its generator Hando Eilsen,
look: http://archive.is/4fDi1 ; AsicVault reps tried to promote its scam also in Bitcointalk, but disappeared soon: https://bitcointalk.org/index.php?topic=2706485.20

The scam is still operational, AsicVault still sells non-existent wallet: https://asicvault.io/preorder/# More information on Hando Eilsen , CEO of AsicVault will be published pretty soon.

Meanwhile I present here a list of AsicVault accomplices whose names are not widely known and someone might fall into their trap. All of the following persons participated in AsicVault scam, they still actively promote the fraud. I have contacted these persons previously and asked them to stop promoting this scam and renounce it, but they just do not care or threaten me. Therefore I make public their names and roles in the scam.

1)   Viesturs Pless - full name Viesturs Šeļmanovs Plešs  
  „Lead Blockchain App development manager at AsicVault“ -  https://www.facebook.com/viestursp  ; one of the most active promoter of the scam in Facebook and Twitter: Here is one example how he promotes never existent "first batch" https://twitter.com/viestursp/status/946323355820609536 - nobody has ever seen any of these "sold 1500" items.
Or: https://twitter.com/viestursp/status/1055873669992472576
Mr Viesturs Pless was the only person of the “AsicVault team” who was willing to speak to me more than once. Our conversation (I have screenshots) indicates that in fact there is no AsicVault team, no lavish office rooms etc they claim.

2)   Matiss Paegle , also Matīss Paegle  became 2018 shareholder in AsicVault OÜ (this is a company behind the scam): https://www.teatmik.ee/en/personlegal/14144085-Asicvault-O%C3%9C
 When I contacted Mr Paegle via BaltCap (https://www.baltcap.com/team/matiss-paegle/ ) he began to threaten me and promised to sue me as I hurt his AsicVault business. As Mr Paegle is co-owner of the company that promotes the scam then more information concerning him and his other enterprises (that are probably same shady as AsicVault) will be coming soon.  

3)   Andris Vaivods (b. Feb 6, 1975) is a shareholder with Hando Eilsen in enterprise Asicvault Capital OÜ https://www.teatmik.ee/en/personlegal/14437976-Asicvault-Capital-O%C3%9C – it is a sequel to AsicVault scam.  Mr Andris Vaivods actively promoted Asicvault scam in different social networks on the Internet, one example from 2019: https://cryptovalley.swiss/inquiry/asicvault-producer-of-hw-wallets-is-lookinmg-for-the-partners-for-the-commercial-production-product-development-and-global-business-expansion/


4)   Rain Adelbert  is a “Chief Hardware Engineer” of Asicvault https://asicvault.io/ ; participated in AsicVault ICO https://icorating.com/people/rain-adelbert/ and publicly promotes the enterprise https://video.buffer.com/v/5a2576f7936392fc145eaaab ; I have contacted him several times but no answer; but I know he has forwarded my questions to the main scammer Mr Eilsen.

There are some other persons (Edīte Venškēvica,  Andrejs Smelovs and some others) claim in AsicVault Google reviews they have used AsicVault wallet or have been toured around in AsicVault’s headquartes in Tallinn (no such company exists at that address)

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