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Lost your Instagram account? Dude, that is nothing. I lost my company in Shit-hole country Estonia and 20k with it. "I think this is indicative of the biggest

Lost your Instagram account? Dude, that is nothing. I lost my company in Shit-hole country Estonia and 20k with it. "I think this is indicative of the biggest problem we have had with social media: there is no legalism here" I think the concept of law does not go very far in Estonia.

1_player 6y ago
You're gonna have to elaborate on that.
- newdude116 6y ago
  I am an e-resident and I "bought" a company in Estonia from another company in Estonia, owned by a Russian scamster. Both companies do exist and are in "good standing". Estonian authorities don't care about criminal activities, wire fraud or money laundering. In fact, I wasn't even able to get a case number or in most cases even an answer. So this guy is selling the same company over and over again. Not a bad business for him. In the end, if you think about it, this may be the whole idea of the eResidency. It has become very difficult for companies held by eResidents to open any bank account in Estonia since banks are smarter and are afraid to be cut off from international money transfers. Most of these companies therefore hold bank accounts in other EU countries. Mostly new online banks. Regarding the Estonian law enforcement, why should they care? It is hard to explain something to a man if his salary depends on not understanding it. And in the end all these companies bring in revenue. All leads will point you to cybercrime [AT ] politsei.ee From dozens of emails I never received any reply. It seems not to be monitored. Funny.
  - justinclift 6y ago
    Have you detailed this online someone (eg lengthy blog post) or similar? If no, please do so and point people at it. There isn't much/any info about this kind of problem with eResidency companies. Getting the info to be widely known will help in getting it addressed. At least for the next people. :/
newdude116 6y ago
Why the downvote?
- simias 6y ago
  Because it's unrelated to the topic at hand? If what you say is true then it's interesting but that's not really the place to discuss it.
  - newdude116 6y ago
    We were talking about there is no "legalism" and accountability in this thread. (Kapura)

1_player 6y ago

You're gonna have to elaborate on that.

newdude116 6y ago
I am an e-resident and I "bought" a company in Estonia from another company in Estonia, owned by a Russian scamster. Both companies do exist and are in "good standing". Estonian authorities don't care about criminal activities, wire fraud or money laundering. In fact, I wasn't even able to get a case number or in most cases even an answer. So this guy is selling the same company over and over again. Not a bad business for him. In the end, if you think about it, this may be the whole idea of the eResidency. It has become very difficult for companies held by eResidents to open any bank account in Estonia since banks are smarter and are afraid to be cut off from international money transfers. Most of these companies therefore hold bank accounts in other EU countries. Mostly new online banks. Regarding the Estonian law enforcement, why should they care? It is hard to explain something to a man if his salary depends on not understanding it. And in the end all these companies bring in revenue. All leads will point you to cybercrime [AT ] politsei.ee From dozens of emails I never received any reply. It seems not to be monitored. Funny.
- justinclift 6y ago
  Have you detailed this online someone (eg lengthy blog post) or similar? If no, please do so and point people at it. There isn't much/any info about this kind of problem with eResidency companies. Getting the info to be widely known will help in getting it addressed. At least for the next people. :/

newdude116 6y ago

Why the downvote?

simias 6y ago
Because it's unrelated to the topic at hand? If what you say is true then it's interesting but that's not really the place to discuss it.
- newdude116 6y ago
  We were talking about there is no "legalism" and accountability in this thread. (Kapura)