I investigate stuff. Spreadsheets are my happy place.
The Blog
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Ventus Energy Announces Court-Supervised Restructuring
Thirty-seven days after Bafin ordered Ventus Energy to stop accepting funds and repay German investors immediately, the company announced court-supervised restructuring in Estonia. The investors will not be repaid immediately. On the…
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How to Get Your Money Back After a P2P Platform Fails: A Crowdestor Case Study
The original What Crowdestor Investors Can Do article laid out the institutional landscape: regulators, jurisdictions, the pledge problem, the anti-money-laundering angle. It described the machinery available. It did not describe what happens…
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Ventus Energy: 6 Months, Another 28 Million Euros, and 1 Bafin Ruling Later
Update, June 11, 2026: Ventus Energy has filed for court-supervised restructuring under Estonian law. Interest payments suspended, Early Exit frozen, no new loans. Full analysis: Ventus Energy Files for Restructuring On May…
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BaFin Orders Ventus Energy to Stop Unauthorized Deposit-Taking and Repay Investors
Update, June 11, 2026: Ventus Energy has filed for court-supervised restructuring under Estonian law. Interest payments suspended, Early Exit frozen, no new loans. Full analysis: Ventus Energy Files for Restructuring On May…
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Debitum Replied: 13 Pages on How Forests Work. Zero on Where the Money Went.
On March 26, Debitum Investments posted a 13-page statement (as well as in their own group) in response to my original Debitum Investments article. I took a closer look to see if…
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Debitum Investments: Insiders Are Taking a 34-Cent Cut out of Every Investor Euro Spent on Forest.
On 29 May 2025, the largest borrower on Debitum bought a piece of Latvian forest for EUR 16,500 from its former parent company. The parent company had bought it from a local…
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Ventus Influencer Is Getting Cold Feet
On December 7, 2025, three of the German-speaking P2P community’s most prominent influencers sat down for their first joint livestream. Lars Wrobbel (Passives Einkommen mit P2P), Thomas Butz (P2P-Game), and Andreas “Holly”…
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What Crowdestor Investors Can Do
This is not legal advice. I am not a lawyer. What follows are general observations for retail investors affected by Crowdestor, based on public information and the structural features documented in the…
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Ventus Founder Jānis Timma Sued Over Bankrupt Energy Deal
An Estonian crowdfunding platform is suing Jānis Timma in a Latvian court over a personal guarantee on a mezzanine loan to a company that went bankrupt. The court session is scheduled for…
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Ventus Hired An Audit Firm To … Not Perform An Audit
On December 2nd I posted an article detailing document manipulations, hidden related party transactions, inflated valuations and potentially exorbitant fees by Ventus Energy. In response, the company promised its 5,000 investors a…
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Ventus Wanted Their Responses Published. They Shouldn’t Have.
Ventus claimed that material claims they sent to me were not featured in the article. The first such claim was quickly disproven by citing the article itself. For those that don’t remember,…
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Ventus Energy: Response to Company Statement
Approximately 6 hours after publication of this article, Ventus Energy released a statement on their Telegram channel. While their response confirms several core findings from the original investigation, it attempts to reframe…
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Ventus Energy: Doctored PDFs, Inflated Valuations and Buying Your Own Assets With Investor Money
A Green Energy Powerhouse That Burns More Investors Than Biomass Ventus Energy markets itself as a green crowdfunding platform, offering retail investors up to 18% returns on loans financing renewable energy infrastructure…