Topic: WEG Bank is SCAM (Read 1000 times)

These are the evidences dig out by somebody showing WEG Bank is a total scam. Why would a bank have 0 income ( meaning 0 customers and 0 services ), but still they are screaming that they will disrupt the blockchain and fintech. The bank is a total scam. Bitcointalk is a free forum allowing anybody to discuss any possible scam relating reports

No, You are obviously wrong and this is because your math doesn't even add up (and again, everyone can verify): As TokenPays share of 9.9% was dilluted to 7.5%, this means that the total amount of shares was increased by about 25% (= 1-7.5/9.9), but Nimiq only bough 9.9%. Thus the action that diluted the shares was not Nimiqs investment. You also claim that WEG Bank inflated its shares which is not true either. WEG Bank increased their equity from 6.5M EUR to 8.58M EUR on Dec 21, 2018. The decision to do so (according to record in german company register) happened on their general assembly on Nov 13, 2018. As far as we know from Nimiq, they first met WEG Bank CEO during their hackathon end of November, thus the increase in equity was planned before Nimiq and WEG Bank CEO met first. Also I doubt that Nimiq was owning the shares early January as they didn't mention anything related during their AmA when they gave details on their assets. In the blog post on Jan 24 they also did not mention the shares, but wrote that "Nimiq holds approximately $9.1 million in total assets from original ETH contributions (diversified and held in crypto, fiat, and the campus property)", which implies they didn't own any company shares at that point (or these shares were on top of the $9.1M, which is unlikely IMO). My best guess is that they developed Nimiq OASIS and only acquired the shares afterwards, maybe even as a compensation for developing the OASIS protocol (they never wrote they bought, they only wrote acquired).

Long story short: You are trying to connect two things that are completely unrelated. The WEG Bank increased their equity to serve more customers on Nov 12, 2018, diluting the shares of TokenPay. Nimiq bought shares of WEG Bank at some point after Jan 24, 2019.

You have a record of provably invalid claims and lies using your multiple fake accounts. You never contributed anything of value to this thread.

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You fault to assume something just because of rumors... Neither Nimiq nor WEG Bank ever announced such name change, so it really is off-topic here as well.

To prove that you are not a scam, simply, show the proofs you are not a scam. Months have passed, actually, over one year has passed since the partnership between WEG Bank AG and TokenPay and yet, they failed to show anything. As, I understood, WEG Bank received millions and millions of dollars, for nothing in return. It looks more and more, that WEG bank is being used by Lisk, Nimiq, and TokenPay to launder ICO money. All three projects had an ICO before receiving millions of dollars from backers.

To prove that you are not a scam, simply, show the proofs you are not a scam. Months have passed, actually, over one year has passed since the partnership between WEG Bank AG and TokenPay and yet, they failed to show anything. As, I understood, WEG Bank received millions and millions of dollars, for nothing in return. It looks more and more, that WEG bank is being used by Lisk, Nimiq, and TokenPay to launder ICO money. All three projects had an ICO before receiving millions of dollars from backers.

Nimiq wasted 2 million euro  (ICO money) to buy 10% of a useless company with 0 employees, 0 products and 0 services.

https://i.imgur.com/T2pyrY5.png

Look for the proof. All this money is from ico. WEG bank is a paper company that exists only on a paper. Most probably to this decision was taken to launder the ico money from nimiq. Like in the moves, banks are used to launder money. Remember the movie The Wolf of Wall Street or Scarface...

Product launch confirmed! As of May 1st, we will offer special B2B SEPA corporate accounts to selected European fintechs.
Expect more details on http://www.weg-bank.com  in due course.
More news, product updates and developments to follow!

Simple! The company is worthless in reality so they gave worthless shares to a foundation in order to do buzz collecting money from other stupid investors. In this case, tokenpay ( did an ICO and raised 50 million dollars) and nimiq (did also an ICO and raised 12 million dollars).

What I don't understand is... how did they give free shares to the Litecoin Foundation? As far as I'm aware, you can't just give away shares of your company for free. The Finanzamt would not be amused.

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