Financial Shenanigans – The Financial Fiasco

30 Responses

  1. Eric Brian Brewster says:

    I fear it is worse than that, I am a player of the game, have been since 2012-2013, I think WarGaming has those billions in offshore accounts and invested in tidy somes in the Scam Gift Card Company Karma Koin INC. You see War Gaming has branch companies in Canada, the USA and worldwide known as EB and EA Games. I go down to the Mall at the CountyFair Mall in New Minas, KIngs County, Nova Scotia, Canada for my monthly dose of about $50 a month in Karma Koin Cards…..addictive….yep. Sadly I could for that money run my own gaming company if I put the investment in an business. EB Games has many gaming stores in the Annapolis Valley and to work there you have to lie alot about War Gaming being an honest game, I had no idea about it being in Recievership a year after the game came out of WorldofTanks, now WorldofWarships and WorldofWarplanes……….$14,300,000 CAD!

    I think War Gaming has links to The Canadian Mob as well as the Russian Mob, mostlikely and it’s developers as well as the packratting Cheatbotting Players have the money wrapped up in some 90 Billion Accounts that are fake as a $3 USA Mint Bill.

  2. Eric Brian Brewster says:

    I want to update this website with new information. I have based certain calcuations on my own estimates as to what WorldofTanks and War Gaming makes thanks to flimflamming game player clients; for instance through my calculations there are some 45,000,000 Client Players of WoT WorldWide buying Karma Koin Cards in the unit range of some 41 KKCs every 2-3 years or so. This is not counting the Interact Visa nor PayPal Bank Card Transactions either, considering Karma Koin Card financial Transactions I have been shafted myself to the tune of $1,125.00 CAD. So if you multiply that by 45 Million you get some very interesting results; I have also found some cards of KKC default at times based on my buying 14 KKCs just this month at about $60, this is for various reasons. Some cards according to the KKC Support Website have never existed in their system, while others are “invalid”. Still others have from 5 to 6 Dollars skimmed off of them, while still others send “Error” Messages while you loose from $25 to abit lower $10 on atleast 5 transactions in 4 weeks. This staggering amount of War Gaming and EB-EA Skimming worldwide amounts to a whooping $5,667, 300,000 every 3 years. From my spendings from 2012 to 2016;, considering more client players can spend about $5, 125.00 per year on Karma Kion Cards I think this prints a grim picture on EB-EAGames and War Gaming as well as WorldofTanks.

    We have yet to explore the 9,000,000 Million Players and their illegal Faked Accounts that they use to hack the WorldofTanks servers as well as the RNG Program that determines wins and losses. So here goes; 9 Million Players paying between $1000 up to $5000 in Karma Koin Cards defrauds the game of WorldofTanks a mere fleabite of $629,700,000 which War Gaming pockets as the runoff of their cheating people that have an addciton to that game. I certainly hoped you liked my cheery math on this subject.

  3. Mr_Alex says:

    I do have doubts about WG’s finances as well, something is very fishy

  4. Mr_Alex says:

    @Thing1 and Gomez_Adams

    https://www.bloomberg.com/news/articles/2016-02-25/world-of-tanks-video-game-mints-a-new-billionaire-from-belarus

    A bought and paid for bogus story to try to gain the confidence of prospective bank finace. Check their source for the figures in that article. Then check THAT source for those figures. You’ll find they all go back to the same bloated, fake, bogus projections they made back in 2011 to get listed on the Cyprus Stock Exchange. At this point, NOBODY has any clue what they’ve made since 2012. It’s all bullshit smoke and mirrors.

    They were kicked off the Cyprus stock exchange because they stopped filing all their financial reports as required by EU law. You know why? Because they weren’t making any of their projections and creditors were going to shut off their credit line.

    Their entire income stream is completely unknown. The last we know AS FACT is 2012. They made 6.7 million Euro in 2012…when the game was in a much better financial situation than it is now. That’s it. Since then, they’ve spend 10’s of millions buying out other developers and what do they have to show for it?

    Jack shit.

    – Thing 1

  5. Insurrectional_Leftist says:

    Fishy like all the fish in Denmark. Or perhaps like Giant beached Whales when they swim up on the beach to die sometimes? Fishy, indeed. Fishy = Wargaming.

  6. Mr_Alex says:

    If I was to look for say Wargaming’s Financial Statements, its impossible to find anything on it but when it comes to EA (Electronic Arts) they are very transparent about it:

    http://investor.ea.com/financials.cfm

    If you had bothered to read the story, you would see the first, last, and ONLY financial statement Wargaming ever made. When you’re listed on any stock exchange, you have to file quarterly (usually) or semi-annual earnings reports (at the very least) each and every year.

    That was why Wargaming were kicked off the stock exchange to begin with: they simply refused to disclose their financials. Once kicked off and no longer listed, they have no need or requirement to ever file another one.

    The story tells you all of that. Read it.

    – Thing 1

  7. Mr_Alex says:

    As if Wargaming is not showing how desperate they are, they have now chosen to remove Colorado, New Mexico and Fuso BB stock hulls and reimplementing as premium ships, this also happened to Nagato BB where she lost her double funnel hull which was the stock hull and then WG reimplemented it as a Mutsu BB and sell it for $$$$$$$$$$ and then on the other side you have people defending Wargaming for what they are doing, totally gobsmacking

  8. Gomez_Adams says:

    I don’t get it. So they’re making two American premium BB’s out of the Colorado and New Mexico? I presently have the Colorado and actually just got it maxed out a week ago.

  9. Mr_Alex says:

    Correct thats what insiders connected to the Armored Patrol has admitted, Wargaming is looking at making Colorado, Fuso and New Mexico BB’s stock hull as downtiered premiums which players must pay for

  10. Gomez_Adams says:

    Well, I don’t HAVE to pay for a damn thing. It’s a free to play game. Frankly, I’ve got every premium ship I could ever need right now, so they’re wasting their efforts as far as I’m concerned.

  11. Thing 1 says:

    Some time ago. It didn’t really work out that way though.

    The last Greek debt restructure really screwed Hellenic Bank hard. What they did was, in effect, split the debt; a large chunk of which was owned by Hellenic. It’s the same trick you pull with stocks to try to increase their value. Here’s the layman’s example:

    You’ve got 100 bonds worth 10 dollars each. As time goes by, due to the economy, lost jobs, lost income, etc., they decrease in value to only 1 dollar. So you split them in half via paperwork and what you wind up with are 200 shares worth 50 cents each.

    The hope in doing that is that with more bonds you can sell them to more people. If you can do that, more sales bring in more money so the value of the bonds increase. As that value increases you’re hoping to not only regain the money you lost initially, but actually increase it.

    It’s a gamble that many companies in really bad shape try as a last resort. It very seldom works unless you’re already a very successful company that people are just dying to buy into.

    The last restructure of Greek debt was essentially a huge stock split and it didn’t work. Not only did it not work, property values (which Wargaming have been buying up on credit as fast as they could) have plummeted to all time lows. That screwed them even harder. They bought it cheap thinking it couldn’t get any cheaper and were simply gambling that the new debt deal would give people the money to start buying again and they’d make big money.

    It didn’t work. The economy is still shit, money is nearly worthless and the property values got even lower. Wargaming are now having to pay off tons of real estate mortgages they can’t sell. It is, quite literally, as bad as it can get. There’s been a slight rebound lately, but at present they’re not even back to the values that they had when they went on a buying spree.

    Why do you think Wargaming have shut down studios, locations and laid off hundreds of people the last three years? Why do you think they’re hurling shit into the game hand over fist and turning it into an undecipherable quagmire of shit?

    They’re absolutely desperate for money. They’re fucked coming and going.

  12. Mr_Alex says:

    @Thing1

    Not sure if this suprises you, ever since World of Warships started tanking/stagnating, Wargaming has been chucking premium ships like there is no tomorrow also the latest happening is that some of the supertesters are no longer testing unreleased content for world of warships or have uninstalled the game completely

  13. Insurrectional_Leftist says:

    This all sounds about right. Textbook WG again. Scheme Capitalism at it’s finest once again, gaming the system at everything around them, including customers, employees, players, business decisions, but what keeps grabbing them by the arse are the laws of economics, burning bridges behind them as they go, disgruntled customers, firing at their own feet, and just plain can’t be honest !!

    But, that article praises their brilliance etc. Boy, they sure do snow people don’t they LOL… (or they keep looking for better paid articles to do so… etc. Atleast for their forum shills, or investors etc.) Well, when you’re in the money $ laundering capital of the world it really says something about you doesn’t it? No wonder the players can’t get a fair human shake?

  14. Mr_Alex says:

    @Insurrectional_Leftist, I would not be surprised if World of Tanks and World of Warships went the same way as Armoured Warfare, I seriously would not be surprised

  15. Insurrectional_Leftist says:

    @ Alex, Yes the wonders may never cease with this Greek tragedy as time wears on? I think this one will have jolts and kicks, denial, pathetic moans, violins playing as did when the Titanic went down, shock an disbelief for a few, a slurping sound that you hear as the bath water drains down the bath tub slowing then an suddenly collapse toward the end (possibly unannounced ?) The vision of Battle Ships sinking as in WOW, in some of those games.

  16. Mr_Alex says:

    @Insurrectional_Leftist and Thing1

    The signs to WOWS (World of Warships) collapse is already there, the developers at Lesta Studio or the studio at Minsk are chucking premium ships at World of Warships like there is no tomorrow, which is a sure sign that Wargaming is getting desperate, I believe Wargaming is in its final stages and once the collapse happens, those who have invested big time money into World of Tanks or World of Warships, even if the bankers decide to sell World of Tanks or World of Warships to another developer or publisher, I bet no one will want to buy it

  17. Thing 1 says:

    The signs to WOWS (World of Warships) collapse is already there,

    Well, one thing is for sure: When you piss off Gomez to the point he uninstalls a game he absolutely loved, you have really seriously fucked up big time.

  18. Mr_Alex says:

    @Thing1
    That is so true, I neither play randoms much at all on WOWS, in fact I have cut my time playing WOWS and also did you know many people are not happy with how Wargaming is releasing the Royal Navy Battleship line into World of Warships as well as the lower tier ships only contain fantasy upgrades

  19. Insurrectional_Leftist says:

    They release some notes on 9.20 Supertest of Rebalanced Vehicles coming up for the Japanese, German, French lines. There is a bit of crying, and anger over some of those nerfs, & changes on those threads now already ( only a very few good points). Not being received that well.

    http://forum.worldoftanks.com/index.php?/topic/547767-920-supertest-of-rebalanced-vehicles-french-tanks/
    http://forum.worldoftanks.com/index.php?/topic/547533-920-supertest-of-rebalanced-vehicles-japanese-tanks/
    http://forum.worldoftanks.com/index.php?/topic/548286-920-supertest-of-rebalanced-vehicles-german-tanks/

    I would say more are coming.

  20. Thing 1 says:

    They’ve created such a complete fucking mess with their “spam OP premiums and new lines into the game to make money” strategy that they will have to spend the next year trying to balance the shit they already have. That’s the problem with the “pump and dump” strategy: every single time you introduce anything you make matters worse for yourself, not better.

  21. Mr_Alex says:

    @Thing1

    They are doing the same with World of Warships as well

  22. Mr_Alex says:

    @Thing1 and Insurrectional_Leftist

    Not sure if you have seen this, looks like Wargaming has also closed their studio in Seattle as well since last year:

    http://www.pocketgamer.biz/news/63820/wargaming-reiterates-commitment-to-mobile-gaming/

  23. Mr_Alex says:

    @Thing1, Gomez_Adams and Insurrectional_Leftist

    By any chance have you seen this?:

    https://www.pcinvasion.com/chris-taylor-leaves-wargaming-seattle-start-indie-studio

  24. Thing 1 says:

    Old news.

    He was yet another in a very long line of completely failed investments by Wargaming. Gas Powered Games sucked. Huge. Always. Wargaming bought them out thinking they’d get all kinds of usable software that would make them millions. It turned out to be the opposite: it cost them millions. LOTS of millions.

    The only reason that complete idiot even had a job was because it was part of the buyout clause that they keep him on. He was useless before Wargaming came along, he was useless his entire time at Wargaming, and he’ll be useless doing whatever the fuck it is his useless ass does next.

Leave a Reply

Log in with your Wargaming ID