Couple weeks ago, a good friend of this blog, Mr. Gorila approached with his comment (available at https://blog.hqcodeshop.fi/archives/372-comments.html#c2786). He suggested, that our beloved friends at DAD Gmbh were in some sort of financial trouble. I did some digging of my own, but given the huge handicap of me not knowing any German language nor corporate laws or practices of Germany, I found nothing. Today, Mr. Gorila approached me again with proof.

EBN scammers are Bankrupt!

Its obvious, that the people behind the scam went nowhere. They're still there and are cooking up something while trying to maintain the scam from Cyprus. There are comments from people, who received letters from debt collectors operating from Cyprus. The "debt" in question is from EBN scam and is somehow transferred from DAD Gmbh to CLB Solutions Management.

Regardless of these events, my advice is unchanged: Keep your cool and

DO NOT PAY!

There seems to be increasing amounts of proof of malpractice by DAD Gmbh. Their "debts" are completely ficticious and there is no way they can win anybody in a court of law in Germany. They need to sue your ass in Germany court, and that's there they will lose. They already did that and will keep losing. Actually, "they" don't even manage the company anymore. The company is to be dissolved by court order and liquidation is handled by somebody else than the scammers.

Proof

For those wanting to see the proof, go to https://www.bundesanzeiger.de/ and make a search for "DAD Deutscher Adressdienst". You will receive search result page:

The first result will be the official notification of company liquidation. If you click the link, the text simply says the company will be dissolved and all creditors should contact the company.

More interesting is their balance sheet from year 2017 (printed into PDF by me DAD-scam-Bundesanzeiger-DAD-balance-sheet-2017.pdf). That piece of criminal history needs to stay available as long as there is Internet and human life on Earth.

My most important findings are:

• Scammers have almost 1 million € in accounts receivable. That's ficticious "debt" from marks they scammed.
  • Its obvious, that majority of that "income" will never land at their bank accounts. DO NOT PAY!
• Company has nearly 250.000 € cash available
  • Two options here: Their liquidation hit them as a surprise or they are really bad at crime.
  • It makes no sense to leave any easy-to-move assets to the company.
  • Besides the 25.000 € initial capital, that's the profit from their crime. I imagined more.
• Their accumulated operating loss is nearly 100.000 €
  • I don't think they ever targeted for profit.
  • In a company, it is very easy to avoid taxes by never making any profit out of the operation.
• Stated in balance sheet details: There are almost 400.000€ liabilities remaining
  • Given the coarse nature of a balance sheet, I cannot deduce much from that besides they owe more money than they have.
  • That kinda explains the liquidation.

Future

They're already running a new scam. It's called European Register of Commerence or ERC. The webpage looks like this:

Its simply a spin-off from EBN-scam with a GDPR-twist.

Participate!

Anybody of you can participate in fighting these scammers. I'm maintaining the Finnish Wikipedia page for EBN scam to have a reputable source of information available with a really good Google page rank. Page is at: https://fi.wikipedia.org/wiki/European_Business_Number

You can do the same in your language!

Keep people informed about these scams. That will make the work for those scammers harder and harder. Many readers have shared information in comments of my blog, please keep doing that! There are people including me, who will investigate your clues and raise awareness of these scams and what happens in the scam'osphere.

Thank you!